QUESTION: Mr. Armstrong; I read somewhere that neither gold nor silver were the actual unit of account in Rome. Is that true? And what did that mean? Thank you J ANSWER: The “unit of account” in Rome began as bronze. The earliest money was just lumps of bronze that has practical value for it could […]

China’s largest Bitcoin exchange said Wednesday that it has stopped accepting new deposits. China has dealt Bitcoin a crippling blow that could make it much harder to trade the virtual currency in China.

I have stated before that the government was allowing Bitcoin to open the door for the coming virtual digital money. Of course, they will shut down Bitcoin once it has served its purpose. They have drawn the line in the sand and now the world’s largest manufacturer of physical Bitcoin coins will no longer accept […]

QUESTION: Hi Martin; It is very interesting that both virtual currencies, Dow Jones Industrial Average(US Stock Market) and Bitcoin, topped out on November 29, 2013. I’m not saying that this is the top of the markets, I’m saying the Dow(US Stock Market) is Bitcoin for the Super Rich. I’m saying that they are both are now […]

http://deutsche-wirtschafts-nachrichten.de/2013/12/04/700-000-euro-schaden-bka-verhaftet-zwei-bitcoin-betrueger/

The Chairman of the Senate Committee on Homeland Security and Governmental Affairs Tom Carper gathered a witness list for the hearing that went on for several hours that was a chain of people who reflect the new attitude within the Bureaucracy that lies beneath the surface. The list included: The Homeland Security committee Criminal Division of […]

On Monday, Congress held its first congressional hearing on virtual currencies focusing on bitcoin. As Congress discussed bitcoin, the price of one bitcoin soared to more than $750 apiece. Overlooked was the concern focused on anonymity and lack of regulation. Personally, it is hard to imagine a world where they will allow bitcoin to survive when they […]

    U.S. agents have shut down what became known as the Silk Road Bitcoin Site where hackers and drug dealers sold their illegal wares using Bitcoins, and arrested founder Ross William Ulbricht this week on charges of money laundering, conspiracy to commit drug trafficking and other crimes. The government is after Bitcoin and focus on […]

The Thai central bank is the first to ban virtual currency Bitcoin. Lack of laws as a justification for using the currency and lack of capital controls were the issue. Of several central banks have already been resistance to the new currency in the past. This fear for their authority and sovereignty in monetary policy. […]

The rise in Bitcoin to $147 is clearly a phase transition. Nothing moves in that manner that is sustainable. The cyber attacks are interesting. They could be major players seeking to disrupt the business to benefit short positions. Or it could be government attacks as well. http://money.cnn.com/2013/04/04/technology/bitcoin-cyber-attacks/ The problem Bitcoin faces is the same we […]