Elon Musk tried to help explain Bitcoin to J.K. Rowling in a bizarre Twitter exchange, and said central banks have made cryptocurrency ‘look solid by comparison’ | Currency News | Financial and Business News

Elon Musk JK Rowling wide

AP/Business Insider JK Rowling asked Twitter to explain bitcoin to her, and was bombarded by replies — including from Elon Musk. Rowling ultimately gave up engaging with the topic, a decision Musk supported. In the process, he took a swipe at conventional central banks, which he said had undermined their …

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Spiritual Reflections on the Bitcoin Halving

Allen Farrington writes at Quillette, Areo and Merion West, as well as extensively on Medium, where he has several much longer essays on Bitcoin, finance, economics and related topics. His collected writings can be found here. He lives in Edinburgh.  At approximately 8:23 p.m. GMT on Monday, May 11, the …

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Bitcoin surges above $8,000 for the first time in 2 months ahead of a key halving in the crypto markets | Currency News | Financial and Business News

FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration

Reuters Bitcoin crossed the $8,000 mark for the first time on Wednesday since March ahead of “bitcoin halving” that will take place on May 12.  Some analysts expect the bitcoin halving to increase prices. “After the two previous halvings, we’ve seen the price reach an all-time high within 3-9 months …

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