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Billionaire Hedge Fund Manager Paul Tudor Jones: A Bet on Bitcoin Is a Bet on Human Ingenuity

A recap of an exceptionally bullish week for bitcoin and crypto as a whole.  On this week’s Breakdown weekly recap, NLW looks at: The initial price action that started the week Debates about whether BTC was thriving at the expense of alts and DeFi The PayPal news News of more public companies putting treasury reserves into BTC …

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Why Fiats Are Failing in 2020

From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both? Our main discussion: fiat failures, 2020 edition. In this episode, NLW looks at a raft of geographies in which bitcoin has recently reached all-time highs, priced in the local …

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Spanish Police Arrest Head of Billion-Dollar Crypto Arbitrage Platform on Fraud Allegations

Spanish National Police have arrested the operator of cryptocurrency arbitrage firm Arbistar 2.0 in a crackdown on the platform that researchers and investors allege to be a massive bitcoin Ponzi scheme. The arrest should serve as a reminder to crypto investors of the value bitcoin’s traceable blockchain provides to investigators. While scammers can easily dupe …

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Forget Ethereum, DeFi Is Being Built on Bitcoin

A few weeks ago a CoinDesk headline,”Why Hardnosed Bitcoiners Can Learn to Love DeFi,” caught my eye. The title was designed for controversy. Decentralized finance (DeFi) seems to be everything Bitcoiners reject: useless tokens created for haphazard projects and quick money-grabs driven by ponzinomics. All of this happening on Ethereum, Bitcoin’s unprincipled competitor.   Yet, to dismiss …

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Who Was Crypto’s Most Influential in 2020? Vote Now

It’s fair to say that 2020 has not been a good year by most metrics. A pandemic raged worldwide, the global economy tanked and social divisions grew wider. There is no way to avoid this in a year-end retrospective. Every year, CoinDesk recognizes the “Most Influential” people working to expand cryptocurrency and blockchain’s reach. It’s …

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How Strong Is Bitcoin’s Push Above $12,000?

Who has the most recent bitcoin move right, the bulls or the bears?  Our main discussion: bulls vs. bears as bitcoin passes $12K Someone recently tweeted, “Bitcoin price has never been this high with such bearish sentiment.”  On this episode, NLW looks at the bullish case (growth in open interest on CME backed by strong …

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A New ‘Bretton Woods’ Moment?

The IMF has said it’s time to re-evaluate the global economic order, but what does that really mean?  In a recent speech, the International Monetary Fund argued that the time to fundamentally re-evaluate the global economic order is here. Goldbugs see the potential to return to the gold standard, bitcoiners anticipate ever-growing stimulus and macro …

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Bitcoin Critic Peter Schiff’s Bank Under Spotlight in Global Tax Probe

A Puerto Rico-based bank founded by gold bug and long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion for “high-risk” clients. According to reports on Saturday by several large media organizations in Australia and the U.S., Schiff’s Euro Pacific Bank has become the focus of a major global tax evasion …

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How Stocks, Bitcoin and Other Investments Fare in a 0% Interest Rate World

On Long Reads Sunday, a reading of a John Street Capital piece on the realities of a market characterized by zero-bound interest rates. The piece examines how different asset classes – from stocks to bonds to bitcoin and beyond – fare in the context of a world where the Federal Reserve is determined to keep …

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