digital currency

Understanding the Cryptocurrency Boom (and its Volatility)

Speculative booms are often poor guides to future valuations and the maturation trajectory of a new sector. I recently came across a December 1996 San Jose Mercury News article on tech pioneers’ attempts to carry the pre-browser Internet’s bulletin board community vibe over to the new-fangled World Wide Web. In effect, the article is talking…

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As Bitcoin Surges over $1,800, Federal Reserve Official Admits Blockchain Value

The price of bitcoin just surpassed $1,800, its second all-time high this week. As governments worldwide eye the blockchain technology and ready new cryptocurrency rules, there is no sign bitcoin’s astronomical rise in value, up 81 percent this year, is over. According to Coindesk’s Bitcoin Price Index, the average price of bitcoin hit $1,839.23 on…

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