Russia Backpedals On Bitcoin – Unveils Plan To Ban Cryptocurrency Sales To “Ordinary People”

After local Russian media reported earlier this year that the Russian Parliament could legalize bitcoin as soon as 2018, Deputy Finance Minister Alexei Moiseev this week signaled that authorities might instead seek to restrict its use…

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U.S. Congress Drafts Bill Protecting Cryptocurrencies, Like Bitcoin, From Government Interference

The idea of cryptocurrencies is absolutely genius, and they’ve certainly become more popular over the past few years. Bitcoin has come a long way since its original release in 2009, and its future seems promising…

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Australia Cracks Down On Bitcoin Exchanges; Shrugs Off Banks’ “Systemic” Money-Laundering Violations

Australia’s largest banks can’t seem to go six months without a new scandal. In April, regulators accused Commonwealth Bank, one of the country’s largest financial institutions, of “systemic” money laundering violations,..

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Bitcoin Spikes Over $3800 As Institutional Investor Interest Soars

Bitcoin is now up over 45% since the fork on August 1st, notably spiking this week (to a record high over $3800) as US-North Korea tensions escalated and both Fidelity (retail) and Goldman (institutional) noted investor interest in cryptocurrencies is soaring…

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What The Mainstream Doesn’t Get About Bitcoin

The real demand for bitcoin will not be known until a global financial crisis guts confidence in central banks and politicized capital controls. I’ve been writing about cryptocurrencies and bitcoin for many years. For example: Could Bitcoin Become a Global Reserve Currency? (November 7, 2013)..

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Bitcoin Spikes To New Record High Over $3500 – Best Week Since Brexit Amid “Netscape Moment”

Bitcoin is now up almost 35% since the August 1st fork, and up over 90% from the mid-July fork-fears panic low. Buying was heavy in the overnight Asian session but surged once again this morning, seemingly after US CPI data disappointed, lifting the price to a new record high of $3547…

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