Articles by C. Edward Kelso

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Autopsy of the Bitconnect Implosion: Ponzi, Centralization, Governance

Autopsy of Bitconnect: Ponzi, Centralization, GovernancePonzi lending smart bot scam Bitconnect finally did what most sane observers predicted long, long ago. It went splat. And it didn’t collapse due to government pressure, nor flurries of bad press, and certainly not from DDoS hacking attacks. The story is more of a ballad, a great object lesson, and it is the lie […]

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Cboe Bitcoin Contracts Slide 36 Percent as January Futures Expire

Cboe Bitcoin Contracts Slide 36 Percent as January Futures ExpireChicago Board Option Exchange (Cboe) historic bitcoin futures market has had its first month, and results are decidedly mixed depending on the analyst. Some see the experiment as a dud, while others champion the mainstreaming of cryptocurrency. So far, bears are trouncing bulls.   Also read: Have Lunch with Bitcoin Jesus! Cboe Futures Didn’t Tame […]

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Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency

Bank Indonesia: Do Not Sell, Buy, Trade CryptocurrencyBank Indonesia, Unitary State of the Republic of Indonesia’s central bank, has issued perhaps its bluntest statement yet on curbing the use of cryptocurrency, affirming a hardening stance on the popularity of what it refers to as “virtual currency” such as bitcoin. Also read: Ditch University and High Transaction Fees! Bank Indonesia Warns All Parties […]

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Ditch University and High Transaction Fees – Praxis Accepts Bitcoin Cash

Ditch University and High Transaction Fees - Praxis Accepts Bitcoin CashPraxis is an intern, apprentice-like placement company, acting as a practical, resumé building experience for those who believe university is a waste of intellect and time and treasure. Recently, they’ve announced tuition can be paid in bitcoin cash, which offers near instant transaction times and low fees. Also read: India’s Bitcoin Exchange Banking Problems Praxis […]

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Swedish Bank Allegedly Forbids Employees from Owning Cryptocurrency

Sweden’s Giant Bank Nordea Allegedly Forbids Employees from Owning or Trading CryptocurrencyA giant Northern European bank, Nordea, has allegedly enacted a company policy which forbids its employees from owning or trading in bitcoin or other cryptocurrencies. The bank’s current executive team have a long history of on-the-record skepticism toward bitcoin. Also read: Banks in India Block Crypto Accounts Nordea Bank Allegedly Forbids Employees from Owning Crypto […]

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India’s Bitcoin Exchange Koinex Suffers From Bank Blocking Crypto Accounts

India’s Bitcoin Exchange Koinex Suffers From Bank Blocking Crypto AccountsIndia continues its shaky experiment with money’s future as its domestic population is wild about cryptocurrency. Its government and regulators are less than thrilled, though. The banking system is siding with minders, causing friction between account holders and crypto exchanges. Everyone is pointing to a lack of clarity in the law as origin for the […]

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JP Morgan’s Jamie Dimon Regrets his ”Bitcoin Is a Fraud” Statement

Jamie Dimon Regrets his ”Bitcoin Is a Fraud” StatementJamie Dimon, chair of JP Morgan Chase, was once again asked about his thoughts on bitcoin. In a wide-ranging interview on FOX Business, Mr. Dimon was given a few of his notable quotes back to him, and asked to assess his present feelings. It appears he’s softened a little on the the world’s most popular […]

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Bitfury as Big Brother: Mining Company Tracks Bitcoiners

Bitfury as Big Brother: Company Tracks BitcoinersBitfury Group announced they’re concerned about the advent of bitcoin users having multiple wallet addresses, which the company views as leading to greater anonymity and, they also believe, facilitates crime. Also read: Nine Years Ago, Bitcoin’s Block Zero is Born Bitfury Watches Bitcoiners “Currently, bitcoin users can have multiple addresses,” Bitfury Group CEO Valery Vavilov detailed, […]

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Mt. Gox Bitcoin Missing In relation to Mysterious Death of Exchange CEO

Mt. Gox Bitcoin Missing In relation to Mysterious Death of Exchange CEOState owned media outlet, Russia Today (RT), reports the suicide of an exchange CEO was in actuality something more sinister and connected to Mt. Gox’ 650,000 still missing bitcoin, according to RT’s exclusive source. Also read: African Central Banks: Ditch Dollar, Buy Bitcoin RT’s Exclusive Source: CEO Death Linked to Missing Gox Bitcoin “The hundreds of […]

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Facebook’s Mark Zuckerberg Resolution: “Give People the Power” via Cryptocurrency

Facebook's Mark Zuckerberg Resolution: “Give People the Power” via CryptocurrencyMark Zuckerberg, founder, chairman, and CEO of social media platform Facebook, has posted his annual challenge. It’s often a look back at major events, taking stock of the year, and appraising what’s ahead. This year, he ended his note with a pointed call to “take power from centralized systems” by employing uses for “encryption and […]

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