Vladimir Putin Is Getting Interested in Bitcoin’s Biggest Rival – Bloomberg Technology

June 6, 2017 By dralfoldman in Business Administration, Central banks, Economics, Science, Technology Tags: Bitcoin, Blockchain (database), Coinbase, Cryptocurrency, Cybercrime, Digital currency, Ethereum, Ransomware Leave a comment



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This is an important read from Bloomberg Technology. It reports that Ethereum, the world’s largest cryptocurrency after bitcoin, has caught the attention of Vladimir Putin as a potential tool to help Russia diversify its economy beyond oil and gas.

Source: Vladimir Putin Is Getting Interested in Bitcoin’s Biggest Rival – Bloomberg

Cryptocurrency is more than a technology bubble. If cryptocurrency takes off, there will possibly be no need for the US Dollar to be the world’s reserve currency – this currently gives the US strategic and geopolitical advantage.

Is Vladimir Putin going to outfox Trump with Ethereum?

Thoughts?

European Commission Launches Digital Currency and Dark Web Consortium – Bitcoin News

June 6, 2017 By dralfoldman in Business Administration, People, Science, Technology Tags: Bitcoin, Digital currency, European Commission, European Union, Jean-Claude Juncker, U.S. Securities and Exchange Commission, United Kingdom Leave a comment

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As speculators pile into Bitcoin driving the price to new highs, there’s a need for caution. Bitcoin News reports that a recent announcement from the European Commission details the formation of a new consortium dedicated to preventing illegal activities – it draws a link between criminal activities, digital currency and the dark web.

Source: European Commission Launches Digital Currency and Dark Web Consortium – Bitcoin News

Speculators are driving up the demand for digital currency. It’s a classic bubble. Be smart, get out before it bursts. But there’s still room for serious long term investment but do your homework.

Thoughts?