Cryptography

Bitcoin could be worth literally nothing, if the cryptocurrency is not recognized as a rival of the US dollar and other fiat currencies, warns analysts of a banking giant Morgan Stanley.

"If nobody accepts the technology for payment, then the value would be 0," analyst James Faucette and his team wrote in a note to clients.

Bitcoin plunged by 30 percent to below $12,000 on Dec. 22 as investors dumped the cryptocurrency after its sharp rise to a peak close to $20,000 prompted warnings by experts of a bubble.

The price of bitcoin fell to less than $12,000 on Friday, according to CoinDesk.com. That makes an 27-percent drop since its previous slide, and more than 40 percent since it reached the historic $20,000 mark last week.

Crime is everywhere; it's a part of life, whether you like it or not. One place where you want to feel safe and protected is when you're at work. You spend a lot of time there and expect that your employer is doing what they need to do to keep you unharmed.

The founder and director of Standpoint Research, Ronnie Moas, who foresaw bitcoin's incredible rise this year, says the price of the world's leading cryptocurrency will reach $400,000 one day.

The value of bitcoin has shot up to 20,000 US dollars, double the milestone 10k mark it hit in late November.

A metalworking plant in the village of Ruzhintsi in Vidin is the first Bulgarian enterprise officially announced for sale, priced in Bitcoin.

The proposal is for the owner Yuliana Kostova, who invests in cryptocurrencies and has a real estate and tourism business, including the Wind Mills Hydropark near Gorna Malina, announced Capital Daily.

Deputy Prime Minister Mehmet Şimşek warned investors on Dec. 13 against betting on cryptocurrencies such as Bitcoin, comparing the current Bitcoin frenzy to “tulip mania” of the 17th century.

The Bulgarian government holds bitcoin for more than $ 3 billion. They were confiscated after police actions against an organized criminal group. This is reported by Coindesk.com, one of the leading journals devoted to the cryptocurrencies.

Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.