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Bitcoin Runs Into ESG Price Brick Wall
Bitcoin, the heavyweight of the cryptocurrency world, has had a relatively tough time recently – following the extraordinary price surges of the early part of the year. The currency is currently trading at just under $45,000 after highs of $64,000. See our recent blog on the topic. Meanwhile, AltFi opines on what it sees as Bitcoin’s ESG problem: For anyone holding out for a fresh rally in Bitcoin before purchasing their Tesla Model 3 with the cryptocurrency, you’re too late. Elon Musk, crypto’s most powerful meme lord, and CEO of Tesla, last week scrapped the option for Bitcoin holders to …
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Serious Business: The Benefits And Dangers As Society Rethinks Money
Our head of content and communications opines on the nature of digital money, specifically cryptocurrencies, and its place in – and threat to – the modern nation state. Here’s an extract of his recent article in Byline Times. Rethinking the nature of money is serious stuff. It is, in effect, the re-examination of a concept of value exchange that’s been central to society, certainly every mercantile culture, for thousands of years – from Pacific conch shells, to gold, promissory notes and credit cards. It’s my contention that, for good or for ill, there is a clear and present threat to …