Crypto Fact

Don’t let moral anguish over the deaths of potentially thousands of people get in the way of an opportunity to shill some crypto and pump up the price of bitcoin. As ever, crisis is opportunity for cryptocurrency lovers. In the past they’ve seized upon everything from a banking collapse in Cyprus to social breakdown in Venezuela and Brexit to rationalise the case to buy MOAR bitcoin. Clearly Coronavirus was not going to be different. But how have they squared the logic this time round? Duh. Coronavirus is spreading through the exchange of DIRTY FILTHY FIAT banknotes. So don’t be a dummy, protect yourself and turn to digital-only crypto. No lurgies there. Some  fine examples  of the logic  at hand:      No reference to the point, however, that fiat can be exchanged purely digitally or that China has one of the highest digital transaction rates in the world already... But the coronavirus/bitcoin connections don’t stop there. For ...

 After a long and cryptic series of tweets on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk elaborated his stance on cryptocurrencies in a Jan. 20  podcast . Noting that he’s “neither here nor there on Bitcoin,” Musk focused on its use for illegal transactions. The billionaire has recently been in the spotlight for several short and cryptic tweets related to cryptocurrency. On Jan. 10 he published a  tweet  saying “Bitcoin is *not* my safe word.” This follows an equally cryptic  tweet  from April 2019, saying “Cryptocurrency is my safe word.”  But while they were generally considered to be jokes, especially in light of previous  tweets  where he pledged to take “Tesla private at $420,” Musk’s early history is deeply tied to the financial technology industry. In 1999, Elon Musk founded X.com, an online bank that through later mergers became PayPal. He mentioned the company in the podcast, noting: “If PayPal had executed t...

Bitcoin traders and investors have been warned to expect  bitcoin volatility  this weekend due to Lunar New Year celebrations in China. The bitcoin price has this week given up some of its early 2020 gains  after climbing above $9,000 per bitcoin last weekend , dropping almost 10% over the last seven days— and falling further yesterday following a sharp change in bitcoin sentiment .  "The Year of the Rat starts this weekend. Time for bitcoin volatility and volumes to nose dive," Arthur Hayes, the chief executive of the Seychelles-based bitcoin and cryptocurrency exchange Bitmex, said via  Twitter .  Lunar New Year celebrations, expected to be somewhat muted due a coronavirus outbreak that's killed at least 25 people in China and put many cities in the country on lock down, traditionally sees millions of people travel home for the weekend. "Fireworks in store,"   said   Travis Kling, who runs Ikigai Asset Management, adding May’s ...