• About
  • FAQ
Newsletter
BlockBar
  • Home
  • About
    • Advertise
    • Contact Us
    • FAQ
    • Sitemap
  • News
    • Blockchain
    • Bitcoin
    • Ethereum
    • Business
    • Guides
  • Bitcoin
  • Blockchain
  • Business
    • Press Release
    • Market
    • Exchanges
    • Regulation
  • Ethereum
  • Press Release
  • Sitemap
No Result
View All Result
  • Home
  • About
    • Advertise
    • Contact Us
    • FAQ
    • Sitemap
  • News
    • Blockchain
    • Bitcoin
    • Ethereum
    • Business
    • Guides
  • Bitcoin
  • Blockchain
  • Business
    • Press Release
    • Market
    • Exchanges
    • Regulation
  • Ethereum
  • Press Release
  • Sitemap
No Result
View All Result
BlockBar
No Result
View All Result
Home Politics

Journalist Asks The World Economies To Investigate Bitcoin Manipulation

Hiro Lama by Hiro Lama
May 28, 2019
in Politics
0
Journalist Asks The World Economies To Investigate Bitcoin Manipulation
197
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

(BlockBar) The United States, the European Union, and Chinese authorities have been asked to investigate who is behind the price manipulation in the bitcoin market by a New York Post columnist named John Crudele. John Crudele is a finance journalist. According to him bitcoin is nothing more than a confidence game. He wrote bitcoin is a game where people denote value to an asset based on faith.

It is likely for people to suddenly lose interest in “a fake digital currency,” which is backed by nothing and is “the definition of a con.” His excerpt reads: “I’ve said the same thing when a bitcoin was selling for $20,000. And still was saying it when it plunged to $4,000. Its real worth: $0.”

Related articles

Deserted Bitcoin will be Liquidated and Transfer ed to Treasury

Deserted Bitcoin will be Liquidated and Transfer ed to Treasury

July 29, 2019
Andrew Yang Accept Lightning-Powered Bitcoin Donation For His 2020 Presidential Election

Andrew Yang Accept Lightning-Powered Bitcoin Donation For His 2020 Presidential Election

July 26, 2019

Crudele asked the authorities to look into bitcoin’s wild price moves. He believes that there is a likelihood of investors losing money like they did when bitcoin plunged from $20,000. According to him his writings against bitcoin would spontaneously alert the White House as the US President is an avid reader of his column.

“Since I happen to know Donald Trump and I also happen to know that the president reads my column regularly, that’s what I’m suggesting right now,” warned Crudele. “No need to even make a phone call.” Crudele received heated reaction when he write an anti-bitcoin article titled “Bitcoin will soon be worth zero.” But Crudele accused his critics of losing their minds whenever someone like him writes anything negative about bitcoin.

He did not start a hate campaign against bitcoin, said Crudele. He appeared to advise that it was financial heavyweights that have been critical of bitcoin. The journalist also reminded that Warren Buffett, the chairman, and CEO Berkshire Hathaway, called bitcoin “rat poison squared.” It is to be noted that his associate, Vice Chairman Charlie Munger, said the cryptocurrency was “just dementia.”

His article further mentioned JP Morgan Chase CEO Jamie Dimon. Jamie Dimon called bitcoin a fraud in 2017. However, it is worth paying attention that the executive later backed-off that statement, saying that he was wrong about the cryptocurrency. “Dimon was probably getting pressure from his company’s traders, who figure they can make a quick score before bitcoin collapses,” argued Crudele.

Tags: cryptojournalistmarketpolitics
Share79Tweet49

Related Posts

Deserted Bitcoin will be Liquidated and Transfer ed to Treasury

Deserted Bitcoin will be Liquidated and Transfer ed to Treasury

by Mo Chou
July 29, 2019
0

(BlockBar) The United States will allow the government to liquidate abandoned bitcoins and transfer them to the treasury. If they...

Andrew Yang Accept Lightning-Powered Bitcoin Donation For His 2020 Presidential Election

Andrew Yang Accept Lightning-Powered Bitcoin Donation For His 2020 Presidential Election

by Mo Chou
July 26, 2019
0

(BlockBar) On Thursday, bitcoin supporters backing Andrew Yang, the democratic presidential candidate, launched a cryptography friendly super PAC Humanity Forward...

India Forbids Encrypted Currencis While Stays Possitive to Official Digital Currencies

India Forbids Encrypted Currencis While Stays Possitive to Official Digital Currencies

by Mo Chou
July 24, 2019
0

(BlockBar) On Monday, India's Ministry of Finance announced that the Indian Virtual Money Expert Group has submitted a report and...

As USA Limit Tech Giants Issue Digital Currency, How China will React Towards It

As USA Limit Tech Giants Issue Digital Currency, How China will React Towards It

by Mo Chou
July 20, 2019
0

 (BlockBar)  The United States prohibits large technology companies from issuing coins. However, China's attitudes and views towards digital currency remains...

After Libra’s Hearings, Treasury SEC Expresses Bitcoin Doesn’t Become the Equivalent of Swiss

After Libra’s Hearings, Treasury SEC Expresses Bitcoin Doesn’t Become the Equivalent of Swiss

by Mo Chou
July 19, 2019
0

(BlockBar) The congressional and Senate Banking committees' hearings on Facebook's Libra coin appear to pose a new set of regulatory...

Load More
  • Trending
  • Comments
  • Latest
Andrew Yang Pro Crypto

Presidential Contender, Andrew Yang States Crypto Framework In The U.S. Is Unclear, Unfair

May 17, 2019
Trump’s Advisor Is Urged to Promote Blockchain

Trump’s Advisor Is Urged to Promote Blockchain

June 1, 2019
David Schwartz Defends XRP Over Bitcoin, Drags Into An Online Debate

David Schwartz Defends XRP Over Bitcoin, Drags Into An Online Debate

June 10, 2019
Bitcoin Futures

Vancouver Puts A Ban On Bitcoin ATMs

June 10, 2019

A Major Vulnerability Has Frozen Hundreds Of Millions Of Dollars Of Ethereum

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0
Bakkt Tests Its Bitcoin Future Contracts and Expected to  be Online by September

Bakkt Tests Its Bitcoin Future Contracts and Expected to be Online by September

August 1, 2019
The Importer of Bitmainland Mining Machines is Facing a Criminal Investigation in Russia

The Importer of Bitmainland Mining Machines is Facing a Criminal Investigation in Russia

August 1, 2019
Monetary Authority of Singapore Warns of New Bitcoin Scam by Forged Statement

Monetary Authority of Singapore Warns of New Bitcoin Scam by Forged Statement

August 1, 2019
Ripple Asks US Congress to  Treat Cryptocurrency Industry Fairly

Ripple Asks US Congress to Treat Cryptocurrency Industry Fairly

July 31, 2019

BlockBar




Blockbar specializes in blockchain and cryptocurrency related reports, and our goal is to become the world’s leading news gateway for blockchain cryptocurrencies.





News Categories

  • Banking
  • Bitcoin
  • Blockchain
  • Business
  • Education
  • Ethereum
  • Exchanges
  • Guide
  • Market
  • News
  • Opinion
  • Politics
  • Press Release
  • Regulation
  • Reviews
  • Security

Got a tip? Feel free to let us know!

Newsletter

  • About
  • FAQ
  • Contact Us

© 2019 BlockBar. All Rights Reserved.

John Danie
John Danie

John Danie is a highly experienced marketing strategist and businessman in the blockchain industry who likes the pace of the development of cryptocurrency, especially in blockchain technology where it can move so fast. Being a fintech writer and crypto reporter with a fascination for tech and a passion for starting interesting conversations, he seeks to create authentic news stories in the industry.

No Result
View All Result
  • Home
  • About
    • Advertise
    • Contact Us
    • FAQ
    • Sitemap
  • News
    • Blockchain
    • Bitcoin
    • Ethereum
    • Business
    • Guides
  • Bitcoin
  • Blockchain
  • Business
    • Press Release
    • Market
    • Exchanges
    • Regulation
  • Ethereum
  • Press Release
  • Sitemap

© 2019 BlockBar. All Rights Reserved.