Sunday, February 11, 2018

Cryptocurrency News: Drones and Crypto, Hacked Exchange, Banks Banning, Mining Farm

Why Cryptocurrency News:  I include crypto news for this retirement page because it has become a new avenue for investment and speculation.  Also, because it is likely we'll all be forced to know this information at some point.  Learn now and stay ahead.


Comparison - Drones and Crypto
He has a point.  But money is what we are talking about and the disposition of debt is the oldest aspect of social interaction.  Drones, well, they serve a purpose but not like money whatever its form.

Italian Exchange Hacked for $170 million in Crypto
More examples of why you shouldn't leave your money on an exchange

Banks Banning CryptoCurrency Purchases by Credit Card
This actually makes sense for a number of reasons.  First, if a credit card is stolen and used to by crypto the chances of the bank getting the money back is likely zero.  Second, the volatility of cryptos mean that any purchases are pure speculation and it's very possible buyers will get in over their heads.  Third, Interest rates are facing upward pressure so paybacks from customers might slip and having nothing but crypto to recover doesn't sit will with banks.

Bitcoin Billionaires to Buy Island
If only I had thought of buying crypto earlier most of us would say.  Then we could get our own Islands.

Skater Paid in Crypto

Ormeus Cryptocurrency Mining Farm
This is a big part of why crypto is not going away. 


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