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Charlie Munger Is Sure Bitcoin Will Fail To Become A Global Medium Of Exchange

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Billionaire investor and Berkshire Hathaway vice-chairman Charlie Munger has once again dismissed the value proposition of Bitcoin. Charlie Munger Is Sure Bitcoin Will Fail To Become A Global Medium Of Exchange Like Berkshire Hathaway chairman Warren Buffett, 97-year-old Charlie Munger is a known critic of Bitcoin (BTC). Addressing the 2021…

Bitcoin Is Minting Thousands Of Crypto ‘Diamond Hands’ Millionaires Complete W/Laser Eyes

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BitInfoCharts says 93,862 accounts hold bitcoins worth at least $1 million. Bitcoin Is Minting Thousands Of Crypto ‘Diamond Hands’ Millionaires Complete W/Laser Eyes The recent rise of bitcoin toward all-time highs is creating millionaires, on paper, at a fairly rapid clip, according to data from BitInfoCharts. At last check, bitcoin…

Traditional Banking Is Heading For Extinction

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Despite a multitude of existential threats, traditional deposit-taking banks with brick-and-mortar branches look set to survive a while longer. Traditional Banking Is Heading For Extinction But there’s one particular breed of this type of lender that’s headed for extinction: the global retail bank. While some consumers will still fancy popping…

Federal Reserve’s Wire & ACH Systems Go Down, Visa & Mastercard Raise Fees, Meanwhile, Bitcoin Works Just Fine

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As Visa and Mastercard raise fees, merchants may look to crypto. Federal Reserve's Wire & ACH Systems Go Down, Visa & Mastercard Raise Fees, Meanwhile, Bitcoin Works Just Fine Cryptocurrencies have fees, but so do payment cards. Related: Mastercard Fined $18.6 Billion In Class Action Court Ruling For Over-charging U.K.…

Dubai’s IBC Group Pledges 100,000 Bitcoin ($4.8 Billion) 20% Of All Bitcoin, Largest So Far

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Dubai’s IBC Group has pledged 100,000 Bitcoin ($4.8 billion), the largest so far, to set up the Miami 2.0 Blockchain Strategy Foundation and many other related joint venture projects. Dubai’s IBC Group Pledges 100,000 Bitcoin ($4.8 Billion) 20% Of All Bitcoin, Largest So Far [caption id="attachment_24745" align="aligncenter" width="438"] Khurram Shroff,…

After Texas Crisis, Biden’s Climate Plan Hangs On Fragile Power Grid

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Preventing the next energy nightmare and curbing America’s carbon emissions will require spending billions to remake the nation’s grids. After Texas Crisis, Biden’s Climate Plan Hangs On Fragile Power Grid The millions of people who struggled to keep warm in Texas, with blackouts crippling life inside a dominant energy hub,…

China Has An 800,000-Square-Mile ‘City’ In The South China Sea

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A new report by the U.S. Naval War College pulls together what is known about one of the world’s oddest cities. China Has An 800,000-Square-Mile ‘City’ In The South China Sea   [caption id="attachment_24686" align="aligncenter" width="600"] Sansha City In The Disputed Paracel Islands[/caption] Sansha City was founded by China in…

Biden Pleads For Democracy Over Autocracy, Repudiating Trump

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President Joe Biden urged U.S. allies to uphold democracy in his first major speech to an international audience on Friday, warning that the world faces an “inflection point” in history that could result in a tilt toward autocracy. Biden Pleads For Democracy Over Autocracy, Repudiating Trump “We are in the…

Wall Street Transaction Tax Gets Fresh Look After GameStop Frenzy

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Some Democrats in Washington are seizing on the recent frenetic trading in GameStop Corp. to push the financial transaction tax long favored by progressives, setting up a battle with Wall Street firms that bitterly oppose the idea. Wall Street Transaction Tax Gets Fresh Look After GameStop Frenzy After a House…

The Beginner’s Guide To Boolean Search Terms

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Boolean search is based on the work of prominent British mathematician George Boole. The Beginner's Guide To Boolean Search Terms His legacy was Boolean logic, a theory of mathematics in which all variables are either “true” or “false”, or “on” or “off”. This logic still underpins all digital devices to…

Bitcoin’s Value Is All In The Eye Of The ‘Bithodler’

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The digital currency has skyrocketed, and yet determining its fair value is a tricky business. Bitcoin’s Value Is All In The Eye Of The ‘Bithodler’ The total market value of bitcoin crossed $1 trillion on Friday as the price surged above $55,000. Passionate backers are fond of saying the digital…

Bitcoin Is Hitting Record Highs. Why It’s Not Too Late To Dig For Digital Gold

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Investors intrigued by bitcoin’s surge but reluctant to buy it have some options for how to bet on the evolution of banking and payments. But they’re not cheap. Bitcoin Is Hitting Record Highs. Why It’s Not Too Late To Dig For Digital Gold Digital currencies have the attention of the…