Block chains

European Central Bank Says Bitcoin Is on the “Road to Irrelevance”

European Central Bank Says Bitcoin Is on the “Road to Irrelevance”

The European Central Bank has issued a scathing critique against bitcoin, and by extension crypto in general.Chart: Craig Hastings (Shutterstock) We can now add the European Central Bank to the ranks of high-ranking crypto skeptics, with high-ranking leaders going further to say that crypto should not be legitimized by any government or major financial institution. …

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The majority of people who invest in Bitcoin inevitably lose money

The majority of people who invest in Bitcoin inevitably lose money

Bitcoin has been around for decades, although at that time BIS researchers noted that the cryptocurrency was not widely used for regular transactions or any real-world funding. Photo: PETER PARKS/AFP (Getty Images) About three-quarters of new bitcoin investors have lost money putting their funds in the big crypto game, according to new research from one …

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