Bitcoin Currency Part 3

During the fall, there was a political war between bitcoin and bitcoin cash camps, not least after the Swedish bitcoin veteran and co-founder Emil Oldenburg revealed to Breakit that he sold all the bitcoins to switch to bitcoin cash ( advocates bitcoin cash today). Bitcoin Cash is today the fourth most valuable currency and recently experienced a strong upturn after Coinbase, the leading crypto broker, made the currency available for trading.


"Avoid like the plague". Many are the Wall Street veterans who feel the threat of crypto currencies and went to a hard attack in the fall. "Avoid like the plague," said Vanguard founder Jack Bogle, while Jamie Dimon, CEO of JP Morgan, said his bitcoin is "a fraud" and promised to give the boot to the trader who was dealing with them.


Nordeach Casper von Kosull has been firmly disturbed by bitcoin: he recently called the "bitcoin" for an "absurd design" and pointed to the risks it could affect the financial system. On the academic front, Nobel Prize Winners Joseph Stiglitz and Paul Krugman have given the currency a proper blow, aimed at the fact that bitcoin is completely unregulated.


Following some more cautious introductory comments from Goldman Sachs boss Lloyd Blankfein, the news came the hello week: the investment bank will open a trading desk for crypto currencies. Bitcoin bonanza in the east. Bitcoin and crypto currencies are governed in much of what is happening in Asian.


South Korea accounts for as much as one-fifth of global trade and is one of the world's top trading venues for crypto currencies. Deutsche Bank estimates that about 40 percent of all trade in crypto currencies in the fall was made by Japanese men in the 30s to 50s.


When looking at the actual bitcoin recovery, China is dominant. More than 70 percent of bitcoin mining pools, computer networks that solve the algorithms that give rise to new bitcoin, are currently in China, according to Jordan Rochester at the investment bank Nomura.