Bitcoin strikes back at Davos
Reports of bitcoin’s demise have been greatly exaggerated at Davos. At least, that’s the view from the Swiss bitcoin sector, which has shrugged off recent internal squabbling and an avalanche of criticism from both the traditional banking sector and a range of fintech pioneers.
The digital crypto-currency has always had its doubters who fear it could provide a platform for money laundering, terrorism and a host of other unsavoury activities. But a new round of pessimism descended on bitcoin last week when high-profile Zurich-based developer Mike Hearn announced on his blog that he was quitting the project. Read more.