Dutch man risks everything hoping to hit big with bitcoin

Wu-Tang Clan’s Ghostface Killah launching cryptocurrency

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Dennis Coles, aka Ghostface Killah of the Wu-Tang Clan, has co-founded a cryptocurrency company called Cream Capital. The name comes from the Wu-Tang Clan’s 1993 jam C.R.E.A.M. (“Cash Rules Everything Around Me.”) Apparently, the company now holds the trademark on the phrase “Crypto Rules Everything Around Me.” Cream Capital is planning an initial coin offering […]

Chinese government sources tell the WSJ they’re about to shut down all domestic Bitcoin exchanges

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List of dead and worthless cryptocurrencies

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Deadcoins (by matixmatix) is a list of, well, dead coins: the Bitcoin-esque cryptocurrencies that failed to take off, which were scams or experiments, or which otherwise are now deceased. Or, perhaps they’re all dead, the new Bitcoin boom notwithstanding. Speaking of which, Bitcoin is dead, long live Bitcoin. If you want something truly, permanent, though, […]

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Didi Taihuttu expects the price of bitcoin will soar, so much so that he’s selling his house, car, and other valuables to obtain even more of it.

Now, 39-year-old Taihuttu is living at a campsite with his wife and three children, waiting till 2020 for his investment in cryptocurrency to pay off, according to Business Insider.

The cramped living space may be a bit different from the four-bedroom home the Taihuttu family, from the Netherlands, was used to, but since the house was sold under reservation partly for bitcoin in August, the value of a single bitcoin has gone from $3,700 to $4,800.

“At first my wife doubted the decision, wondering if it was the right decision for our kids — as did my brother and sister… but they are now supportive of the plan,” Taihuttu told Newsweek.

Via Business Insider:

Taihuttu thinks digital coins such as bitcoin and the blockchain technology behind it are transforming the role of money and banks in society.

With blockchain, no third party is required to approve a payment — a role currently performed by banks — and a network of computers keeps a record of all transactions.

“The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionising the monetary system,” says Taihuttu. “In five years’ time, everyone will say: ‘We could have seen it coming.’ I am responding to this change now.”

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