Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin

According to Egyptian businessman M. Shafik Gabr, chairman of the ARTOC Group for Investment & Development, some Middle Eastern nations are already exploring the possibility of settling oil contracts in bitcoin. But he declined to specify which, and most of the leaders gathered in Davos for the annual conference that wrapped up Friday are adamant they see bitcoin’s post-sovereign nature as anathema. Continue reading Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin

Continued Losses See Bitcoin Erase 40% of Recent Price Rally

Bitcoin’s price pullback has gathered steam in the last 24 hours, erasing a major portion of the cryptocurrency’s recent gains. The top cryptocurrency dived out of the $8,460–$8,750 congestion zone during the European trading hours on Thursday, signaling a continuation of the pullback from Sunday’s high near $9,200. Continue reading Continued Losses See Bitcoin Erase 40% of Recent Price Rally

Peter Schiff’s Bitcoin Bashing Is Getting Absurd

Peter Schiff, the self-professed bitcoin hater, has been talking trash about the king of cryptocurrencies over the last few days. The gold bug has a long history of spewing venom on the asset dubbed as digital gold. Instead of focusing on providing helpful content on gold and other precious metals, Schiff makes it a point to criticize the cryptocurrency almost every chance he gets. Continue reading Peter Schiff’s Bitcoin Bashing Is Getting Absurd

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