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Bitcoin’s Volatility Renders it Useless as a Payment Method, Says Former PayPal CEO

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Bill Harris has made clear his view on cryptos several times. The former PayPal CEO has in the past described Bitcoin as the ‘greatest scam in history’ and a massive ‘pump and dump scheme.’ Harris recently reiterated his stand, further claiming that all the praise that Bitcoin has been receiving as an efficient payment method … Read more

Turkey’s Currency Instability Pushing People to Bitcoin

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Remember when cryptos were deemed unusable because, unlike fiat, they were volatile? The tables are gradually turning and Turkey is the latest case. The country’s currency, the lira, has recently experienced a drastic drop in its value relative to the US dollar which has quickly drawn comparisons with Bitcoin. Faced with an economic crisis and … Read more

$26K Worth of Bitcoin Sent to Controversial Activist Tommy Robinson

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The controversial political activist and independent journalist Tommy Robinson was sent £20,000 ($26K USD) worth of bitcoin, according to local reports, by supporters to help cover legal costs. Mr. Robinson was arrested two months ago for allegedly violating a contempt of court order. He was sent to a local jail, and recently the court found fault … Read more

Bitcoin in Brief Wednesday: McAfee Predicts Bull Run Led by Institutional Investors as Crypto Markets Dip

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In today’s Bitcoin in Brief, internet security expert John McAfee expects bulls to come back to the crypto market, despite recent drops in prices across the board. Billions will be pumped by institutional investors, he predicted in a tweet. Meanwhile, a new study has shown that the mood of investors, rather than economic indicators, actually … Read more