Bitcoin reached a new record height as its market price is now more than USD 7000. Despite the fact that hard times are awaiting Bitcoin in the following weeks, it is going to divide again. Technically speaking, the so-called “hard fork” phenomenon is about to happen.
A golden era for Bitcoin. Its value overcame the margin of USD 6000 per Bitcoin. The reason is once again the cleavage of the cryptocurrency, as this week is expected to witness the dawn of the new Bitcoin Gold. The principle of Bitcoin Gold is very similar to that of Bitcoin Cash, but the philosophy beyond these two cryptocurrencies is different.
Countries abroad have only just witnessed various hacking attempts targeted at their healthcare systems. Our most recent cautionary tale involves a virus called WannaCry. And this is just the tip of the iceberg when it comes to data hacking, as the sole purpose of this attack was illegal money-making.
The great divide has been extensively fed by a colourful palette of issues, from the support/disapproval of the current or former president, through a worldly perspective either from a cosmopolitan or traditional standpoint, all the way to the question of the future direction of the US.
In Slovakia, political discourse around Central Europe continues to be dominated by the growing popularity of extreme solutions. This trend is expressly demonstrated by current popular preferences attributed to parties on both the extreme left and right in all countries of the central European region.
Since the great expansion of the EU in 2004, we are constantly hearing concerns about so-called social dumping from hard-core, traditional EU members. What at first seems to be an action against imminent threats to social standards in Western Europe is in fact a sophisticated instrument to eliminate competition from new EU members.
Two interesting debates are being led simultaneously in Slovakia. One on subsidies to support the mining of lignite in the upper Nitra region and the other on the unconditional basic income for all. The interconnection between the two could bring so many positive effects that I am left to wonder why nobody has thought of this so far.
Bitcoin is losing share in market capitalization. This is just one of many possible ways to describe recent events in cryptomarkets. The surging capitalization of Ethereum and the related ICO phenomenon are the main reasons behind such developments.
Let´s be honest with ourselves: the Slovak economy and the economies of other countries on the brink of the potential core have fundamentally different parameters. What we share is the euro and our desire to belong to the core. However, this is not enough.
The price of Bitcoin has doubled since the beginning of the year, currently floating around USD 1,900 per Bitcoin. There are a few generally stated reasons why the virtual currency is on the rise. There have been recurring talks about the Exchange Trade Fund, which should ordinarily be traded on the larger exchange markets.