Bitcoin – Page 5 – Financial Treason & Crime

Jonathan Symcox, 07 November 2018

The CEO of a rival to eCommerce giant Amazon expects that cryptocurrency will be adopted around the world as established financial systems collapse. Overstock boss Patrick Byrne likened the present system to a Ponzi scheme in an interview with crypto YouTuber Naomi Brockwell.

“People turn to it where they collapse, like Venezuela or Cyprus or Syria, something like that,” Byrne, whose platform began accepting bitcoin back in 2014, said.

“When people start getting into it is when their own financial systems collapse.

“So yes, given that I think the entire modern financial system is a big Keynesian, magic money tree Ponzi scheme, I do expect that the day will come when people turn to crypto.” Continue reading “Article: Bitcoin spikes as CEO predicts crypto revolution”

06/13/201804/06/2021

Article: Market manipulation caused surge in prices of bitcoin and other cryptocurrencies, researchers say

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Market manipulation caused surge in prices of bitcoin and other cryptocurrencies, researchers say

DUNCAN RILEY, 13 June 2018

A new research paper has confirmed long-held suspicions that the Tether cryptocurrency was used by people linked to the Bitfinex exchange to drive up the price of bitcoin and other cryptocurrencies last year.

The paper, written by University of Texas Professor John Griffin, who is known for catching fraud in financial markets, and graduate student Amin Shams, details the direct relationship between the issuing of Tether during bitcoin price drops and how it was used to buy bitcoin on the drop, artificially creating demand and driving the price up. Continue reading “Article: Market manipulation caused surge in prices of bitcoin and other cryptocurrencies, researchers say”

01/08/201803/09/2021

Article: Overstock CEO Spearheads Cryptocurrency

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Overstock CEO Spearheads Cryptocurrency

Sarah Koebel, 08 January 2018

Tech-driven online retailer Overstock’s CEO, Patrick Byrne, has made quite the splash in the cryptocurrency world.

As one of the first retailers to accept bitcoin as a form of payment, Overstock has reaped in some serious profit. Its stocks have risen significantly since July (much like the price of bitcoin). And thanks to Bryne’s development of tZero, an ICO for OverStock, more profits are set to roll in. And Byrne isn’t stopping there, he has also created a company that will use blockchain technology to help provide land rights to people in developing countries. Continue reading “Article: Overstock CEO Spearheads Cryptocurrency”

10/13/201703/02/2021

Article: BlackRock CEO: Bitcoin is an index of money laundering

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BlackRock CEO: Bitcoin is an index of money laundering

ALI BRELAND, 13 October 2017

Larry Fink, CEO of the investment management company BlackRock, hammered bitcoin on Friday. “Bitcoin just shows you how much demand for money laundering there is in the world,” Fink said at the Institute of International Finance on Friday. “It’s an index of money laundering. That’s all it is.” Continue reading “Article: BlackRock CEO: Bitcoin is an index of money laundering”

09/16/201703/21/2021

Article: After the Boss Calls Bitcoin a ‘Fraud’ — JP Morgan Buys the Dip

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After the Boss Calls Bitcoin a ‘Fraud’ — JP Morgan Buys the Dip

Jamie Redman, 16 September 2017

Just recently news.Bitcoin.com reported on JP Morgan executive Jamie Dimon calling bitcoin a “fraud” and claiming he would fire any employee from his firm who traded the digital currency for being “stupid.” Now it seems JP Morgan has been caught red-handed purchasing a bunch of XBT shares, otherwise known as exchange-traded-notes, that track the price of Bitcoin.

According to public records of Nordnet trading logs, the two associated firms JP Morgan Securities Ltd., and Morgan Stanley bought roughly 3M euro worth of XBT note shares. Interestingly after the recent regulatory crackdown in China, and the statements from JP Morgan’s senior executive Jamie Dimon talking trash about bitcoin, his firm bought the dip on September 15. In fact, out of all the companies on the list, like Goldman Sachs and Barclays, the JP Morgan team of buyers purchased the most XBT notes.

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03/27/201403/09/2021

Article: OVERSTOCK CEO PATRICK BYRNE TO KEYNOTE BITCOIN 2014 CONFERENCE PRODUCED BY LOCAL PRODUCER

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OVERSTOCK CEO PATRICK BYRNE TO KEYNOTE BITCOIN 2014 CONFERENCE PRODUCED BY LOCAL PRODUCER

LOCAL PRODUCER, 27 March 2014

Overstock.com CEO and bitcoin convert Patrick M Byrne will deliver the keynote speech at the Bitcoin 2014 conference on 15th-17th May at the Passenger Terminal Amsterdam.

He is expected to speak about his vision for the future of bitcoin; its potential for global financial inclusion; non-currency uses like proving ownership of stocks and bonds; and the network’s relation to society as a whole.

Jon Matonis, executive director of the Bitcoin Foundation, said:

“We are delighted to have one of bitcoin’s most prominent and prescient champions at our conference. Patrick’s decision to accept bitcoin has introduced it to mainstream society and increased understanding among consumers.”

He added: “It’s going to be a great event; this conference is where visionary technology and mainstream commerce intersects.” Continue reading “Article: OVERSTOCK CEO PATRICK BYRNE TO KEYNOTE BITCOIN 2014 CONFERENCE PRODUCED BY LOCAL PRODUCER”