NEWS CLUSTER
BITCOIN REVOLUTION
The currency whose time is now?

Photo by Kanchanara

5/23/22 "Guggenheim Chief Investment Officer Scott Minerd thinks bitcoin could fall even lower. ... 'When you break below 30,000 consistently, 8,000 is the ultimate bottom, so I think we have a lot more room to the downside ...'"

Terra Luna symbol

5/12/22 "'I lost over 450k usd, I cannot pay the bank,' reads one of the top posts on the Reddit forum for Terra Luna, a cryptocurrency that has lost more than 99% of its value over the past week. ... 'suicide is the only way out for me' "

5/12/22 "sell-off comes after the $18 billion algorithmic stablecoin terraUSD (UST) lost its peg to the U.S. dollar, wiping out the price of its support coin luna which has now lost almost 99% of its value – and risks dragging the bitcoin & crypto ...

SEC Chair Gary Gensler

5/3/22 According to Gary Gensler, SEC Chair, "'at this time, it’s more like the Wild West or the old world of ‘buyer beware’ that existed before the securities laws were enacted.'"

4/30/22 "Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on the cryptocurrency."

3/30/22 "The theft was discovered several days later, raising questions about the vulnerabilities of decentralized finance (DeFi). ... 173,600 ethereum & 25.5M USDC had been drained from the Ronin [block chain] bridge in 2 transactions."

Edward Snowden

3/15/22 "Snowden is sharply critical of Bitcoin for many of the same reasons he is critical of the traditional financial system ... Bitcoin must become 'private by design' in order to counter law enforcement efforts to crack down on other cryptocurrencies"

3/7/22 "If you’re new to the world of crypto, figuring out how to buy Bitcoin, Dogecoin, Ethereum and other cryptocurrencies can be confusing at first. Thankfully, it’s pretty simple to learn the ropes."
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