cryptocurrency

Trump’s Crypto Embrace Could Be a Disaster for Bitcoin
02 Aug

Trump’s Crypto Embrace Could Be a Disaster for Bitcoin

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Donald Trump is an unlikely crypto ally. The power of bitcoin, embodied in Satoshi Nakamoto’s founding document, is that it frees participants from murky assessments of trust, instead relying on the bedrock of proof.Bitcoin is truth. So it was cosmically weird last week to hear the attendees of the Bitcoin 2024 conference in Nashville enthusiastically hailing a former president who, by one painstakingly compiled count, lied 390,573 times in his single term in office. The believers of a mathematically indisputable blockchain poured on the hosannas as Donald Trump delivered a speech bulging with falsehoods, fabrications, and fantasies. They hooted with…
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Donald Trump’s Plan to Hoard Billions in Bitcoin Has Economists Stumped
31 Jul

Donald Trump’s Plan to Hoard Billions in Bitcoin Has Economists Stumped

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Even if Trump were to restrict the reserve to bitcoin seized through law enforcement activity, his administration must also weigh up the opportunity cost associated with holding onto bitcoin. Whereas some assets—like bonds—generate a consistent income stream for holders, bitcoin does not, making it expensive to hold.“The question comes down to what the government would get out of the hoards of bitcoin it would be holding,” says George Selgin, director emeritus for the Center for Monetary and Financial Alternatives at the Cato Institute, a US think tank that promotes libertarian principles. Previously, the US government has periodically auctioned off the…
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People Are Using Memecoins to Bet on the US Election
29 Jul

People Are Using Memecoins to Bet on the US Election

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On July 13, as word spread that a would-be assassin had narrowly missed killing Donald Trump at a rally in Butler, Pennsylvania, a trading frenzy began. Within an hour of the shooting, the price of TRUMP, a cryptocurrency inspired by the former president, had jumped up by more than a third, from $6.34 to $8.69. The memecoin was, in effect, a bellwether for the upcoming US election.Tens of political memecoins have been created within the past year; there also are coins modeled after high-profile politicians such as Joe Biden, Kamala Harris, Robert F. Kennedy Jr., and Alexandria Ocasio-Cortez. They share…
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Bitcoin Bros Go Wild for Donald Trump
28 Jul

Bitcoin Bros Go Wild for Donald Trump

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Trump’s speech is an hour behind. A half hour into the wait, restless attendees start chanting “Trump.” The woman sitting in front of me murmurs her own chant:“Bitcoin, bitcoin—that’s what they should be chanting.” She must have gotten the memo: It’s not a Trump rally; it’s a bitcoin rally.When Trump finally takes the stage to “God Bless the USA,” he basks in the glory of his standing ovation, “thrilled…to become the first American president ever to address a bitcoin event.” His next step is to pander to his supporters in the audience. “This is the kind of spirit that will…
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Time Series in Data Science: Analysis of Bitcoin and Ethereum
19 Jul

Time Series in Data Science: Analysis of Bitcoin and Ethereum

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Time series play a crucial role in Data Science, especially when analyzing financial data. The price variations of cryptocurrencies like Bitcoin and Ethereum offer an excellent opportunity to explore time series. In this article, we will analyze the price variations of Bitcoin and Ethereum in euros, using datasets ranging from 2012 to 2019 for Bitcoin and from 2015 to 2019 for Ethereum. We will also illustrate the use of some basic time series techniques with concrete examples and practical recommendations. Importing Libraries and Loading DataBefore diving into the analysis, we need to import the necessary libraries and load the datasets.…
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Tiny Texas Village Seeks Billion-Dollar Bitcoin Miner to Pave Potholes, Scare Dogs Away
16 Jul

Tiny Texas Village Seeks Billion-Dollar Bitcoin Miner to Pave Potholes, Scare Dogs Away

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In Oak Valley, a sleepy village in rural Navarro County, Texas, there is very little of anything. A potholed road runs through its two square miles of sun-beaten grassland, past a modest prefab community center and a “poor excuse for a park,” as the local mayor describes it.Only around 400 people live in Oak Valley. But despite its diminutive size and few resources, the Texas hamlet is preparing to fold into its borders, through unusual means, an industrial-scale bitcoin mine—a move that could increase its annual budget by as much as fortyfold.Four miles away from Oak Valley on a 265-acre…
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Craig Wright Faces Perjury Investigation Over Claims He Created Bitcoin
16 Jul

Craig Wright Faces Perjury Investigation Over Claims He Created Bitcoin

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A judge in the UK High Court has directed prosecutors to consider bringing criminal charges against computer scientist Craig Wright, after ruling that he lied “extensively and repeatedly” and committed forgery “on a grand scale” in service of his quest to prove he is Satoshi Nakamoto, creator of bitcoin.In a judgment published Tuesday, Justice James Mellor outlined various injunctions to be imposed upon Wright, after finding in May that he had “engaged in the deliberate production of false documents to support false claims [to be Satoshi] and use the Courts as a vehicle for fraud.”By order of the judge, Wright…
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Pressure Grows in Congress to Treat Crypto Investigator Tigran Gambaryan, Jailed in Nigeria, as a Hostage
11 Jul

Pressure Grows in Congress to Treat Crypto Investigator Tigran Gambaryan, Jailed in Nigeria, as a Hostage

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When Tigran Gambaryan was first invited in February to meet with the Nigerian government in order to settle a dispute with his employer, the cryptocurrency exchange Binance, Nigerian officials detained him against his will, stripped him of his passport, and told him he was a “guest” of the state. He's since been charged with financial crimes and jailed for months as a criminal suspect.Pressure is now mounting within the US Congress for the Biden administration to treat him as what his supporters argue he has been all along: a hostage, held illegally by an unaccountable foreign country.On Wednesday, US congressman…
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After a 10 Year Wait, Mt. Gox Bitcoin Is Finally Being Returned
05 Jul

After a 10 Year Wait, Mt. Gox Bitcoin Is Finally Being Returned

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In late February 2014, Daniel was at his computer trading bitcoin on Tokyo-based crypto exchange Mt. Gox. Suddenly, the website flashed white and became unresponsive. In a panic, Daniel turned for answers to internet forum Bitcoin Talk, where speculation had already begun: Mt. Gox was in trouble.Daniel, who lives in Europe, was a university student at the time. After making a bit of money trading bitcoin on Mt. Gox, he had posted almost all of his wealth to the exchange. When Mt. Gox fell offline, Daniel says, he went into “full crisis mode.” He needed that money to fund the…
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