Is this the baseline for Bitcoin? Lowest point of the year.

2018-7-1 07:21

Bitcoin’s volatile history in pictures

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Cryptocurrencies are quite new but the history of money is very old.
Paper money is only a few hundred years old in Europe but was used a couple of thousand years ago by the Chinese.
The classic functions of money are threefold: they are a medium of exchange, a unit of account and a store of value.
The second is simply something we can price things in, thereby measuring comparative values, and the first and third are obvious.
Indeed in most transactions they don’t really serve as mediums of exchange because they have to be switched into real money first.

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Proposed Regulations Could Cause Major Shifts in Canadian Crypto Businesses

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.

2018-6-13 20:24


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Ron Paul Advises Bitcoin Proponents to ‘Be Vigilant’ of Government – ‘There’s Information Collected’

On December 5, the American author and retired politician, Ron Paul, joined the Stephan Livera Podcast episode 234 and discussed cryptocurrencies and bitcoin at great length. During the interview, the prominent libertarian said when bitcoin came out he was still in congress and he thought the most important thing to do at the time was […] The post Ron Paul Advises Bitcoin Proponents to ‘Be Vigilant’ of Government – ‘There’s Information Collected’ appeared first on Bitcoin News.

The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4.

The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4. Speaking to Swiss newspaper Basler Zeitung last week, subsequently published by BIS itself, general manager Agustin Carstens cautioned “young people” against “trying to create money,” drawing comparisons

‘Cryptocurrencies and Precious Metals Can Co-Exist,’ Explains Ron Paul

Just recently the notorious libertarian and Austrian economist, Ron Paul, released a paper that discusses the world’s issues with central economic planning. In the report, Paul goes into vast detail on how precious metals and cryptocurrencies can co-exist in order to prevent current market monopolies from “rigging the economy.