economics of bitcoin
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Actually, Bitcoin Didn’t Hit an All-Time High If You Adjust for Inflation
The crypto community took a victory lap Tuesday with the news that the price of Bitcoin hit an all-time high of $US69,210. Those celebrations cooled when the value dropped a full 8% just a few hours later, but it marked a stunning recovery from the crypto crash of 2022. For the fans, Bitcoin’s rally was…
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Jay-Z and Jack Dorsey Launch Bitcoin Academy for New Generation of Crypto Bros
Rapper and entrepreneur Shawn Carter, better known as Jay-Z, is bringing Bitcoin to the place where he grew up. On Thursday, Jay-Z and former Twitter CEO Jack Dorsey announced the launch of Bitcoin Academy, which will offer free classes on cryptocurrency for residents of the Marcy Houses in Brooklyn, New York.
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Fort Worth Becomes First U.S. City to Mine Bitcoin in Texas Crypto Boom
A new pilot program running out of City Hall makes Fort Worth the first city in the U.S. to actively mine Bitcoin. An official press release from the city posted Tuesday reads:
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Bitcoin’s Inequality Problem Is Putting the Dollar to Shame
Cryptocurrency enthusiasts have long espoused the decentralizing and democratizing effects the technology supposedly encourages, but new research detailed in The Wall Street Journal suggests its inequality problems are worse than the United States’ disgraceful performance under the dollar. An incredible feat considering income inequality in 2020 America was the highest of all G7 nations according…