In brief
I make my first purchases of bitcoin this week.
Gold & silver have I plenty. https://t.co/EPObJZ7Rvk— Godfrey Bloom (@goddersbloom) October 1, 2020
Bloom: “Send central bankers to prison”

$121,692.00
1.48%$4,750.22
2.42%$3.24
-1.09%$865.56
1.10%$204.87
1.94%$0.999777
0.00%$4,746.59
2.67%$0.241712
-2.14%$0.98491
12.98%$0.367305
2.77%$5,736.73
2.37%$23.62
0.25%$46.85
3.47%$121,863.00
1.64%$5,101.40
2.42%$0.446823
-0.94%$3.97
0.10%$5,095.24
2.37%$608.16
-0.00%$0.268303
1.32%$4,761.00
2.33%$1.001
-0.03%$25.22
0.12%$128.15
-3.10%$3.55
1.03%$9.28
0.34%$0.00001371
-1.35%$0.99965
-0.03%$11.58
-4.15%$1.00
0.11%$121,785.00
1.58%$46.55
1.21%$4.22
-0.32%$103.61
-3.37%$1.19
-0.03%$4.76
-1.21%$0.164291
-1.88%$0.00001195
-3.11%$327.32
1.64%$0.728367
-8.84%$258.41
1.03%$1.15
2.65%$3.00
3.62%$383.01
-3.73%$23.46
-2.35%$4.95
-0.03%$1.061
-1.91%$5.91
1.38%$250.27
1.82%$0.396818
0.03%$4,750.90
2.40%$0.545454
12.81%$0.096135
-1.56%$0.274175
-1.04%$1.00
0.00%$0.03637313
-3.22%$0.251709
-0.63%$0.02614241
0.41%$5,394.07
2.51%$4.77
-0.66%$1.00
0.07%$17.75
-4.49%$218.47
1.78%$4.02
-3.76%$4,989.07
2.37%$1.095
0.74%$0.00002635
-2.09%$0.345544
2.64%$1.063
0.01%$4.59
0.23%$0.739149
0.54%$9.53
0.55%$5.45
0.91%$2.67
-0.18%$5,004.08
2.33%$13.74
5.98%$5,145.43
1.90%$5.70
-1.28%$0.02381377
2.51%$5,060.59
2.06%$0.999724
0.01%$0.079818
-3.72%$115.10
-1.67%$121,558.00
1.36%$0.537172
-2.87%$1.71
-5.04%$15.75
3.96%$0.999661
0.00%$0.8261
2.35%$1.94
1.14%$0.088987
-1.79%$5,013.10
2.30%$0.994796
-4.81%$1.38
1.27%$0.768559
1.09%$0.00377895
-6.48%$1.00
0.02%$46.89
3.54%$1.43
-6.30%$0.02646864
-4.83%$0.998271
-0.08%$3,364.10
0.39%$122,462.00
2.41%$231.23
1.86%$1.00
0.07%$0.615861
2.13%$1.33
0.32%$864.77
1.02%$0.00011704
-1.00%$1.12
1.81%$0.999814
0.00%$4,750.65
1.98%$0.099605
-3.21%$0.31933
-0.94%$0.389332
2.46%$1.02
-1.77%$3.76
6.65%$0.196228
-2.06%$0.171054
11.51%$0.999805
0.11%$2.89
-1.57%$121,837.00
1.60%$1.12
0.05%$269.22
1.94%$28.72
-2.99%$3,350.72
-0.01%$122,468.00
1.79%$0.878281
0.67%$4,589.31
2.05%$5.33
-4.47%$0.888646
-1.63%$0.555012
-4.38%$0.0178774
-2.90%$0.216353
0.92%$1.31
-5.15%$0.01837854
0.02%$4,759.74
2.67%$4,734.57
2.36%$5,033.59
1.49%$0.130531
-1.93%$0.306215
-0.15%$5,065.43
2.37%$121,765.00
1.64%$2.18
-2.52%$0.422953
-2.97%$112.17
0.01%$1.91
-3.11%$0.00000071
1.54%$0.214035
3.57%$5,239.20
2.45%$0.998904
0.19%$1.079
0.25%$4,759.87
2.31%$0.40818
0.80%$0.999939
0.03%$39.58
1.50%$0.450794
0.04%$5,188.04
2.99%$0.241917
-2.20%$0.0612
1.07%$1.48
0.76%$0.313547
-0.16%$0.00648317
1.28%$0.00819617
0.09%$121,632.00
1.46%$29.21
-0.76%$0.997415
-0.02%$0.563637
-10.10%$0.722954
3.79%$4,726.51
2.48%$0.00944365
-2.58%$120,455.00
2.42%$0.144259
0.46%$1.31
4.60%$0.00000137
-1.65%$4,750.63
2.41%$8.13
0.25%$0.073421
1.11%$7.88
4.64%$0.4356
8.72%$1.60
13.29%$0.643096
-0.92%$2.75
-8.05%$1.45
-2.29%$1.00
0.00%$0.505008
-1.11%$0.45093
-2.35%$0.80453
-0.25%$0.998897
0.03%$0.067998
7.70%$51.86
-3.84%$0.00000115
-6.04%$5,751.86
2.38%$0.02489985
5.10%$0.0137472
-2.00%$6.63
-1.27%$16.31
-0.92%$0.00000047
-0.53%$15.33
0.90%$1.16
-0.01%$0.989622
-1.50%$0.174549
-1.43%$0.00002189
-0.84%$0.00834548
-2.23%$2.58
-0.07%$0.999956
0.01%$0.0432849
-1.13%$225.11
1.66%$7.37
-2.38%$0.00561753
12.63%$0.087947
-1.55%$1.096
-0.03%$5.14
0.53%$0.590121
0.21%$0.00472063
-3.45%$0.378167
-4.72%$0.999745
-0.01%$4,978.82
2.26%$0.998454
0.31%$151.65
6.92%$10.78
0.01%$121,886.00
1.58%$30.77
0.41%$25.24
0.42%$46.83
3.36%$1.40
8.30%$0.03376853
-1.97%$0.142378
-2.05%$0.270843
-2.25%$0.00000305
4.24%$4,702.14
0.78%$5,349.78
2.58%$22.57
-0.73%$0.363108
-1.68%$0.554619
-4.49%$122,025.00
1.92%$0.79287
0.13%$0.251711
-0.46%$4.37
-7.51%$0.571351
-4.43%$0.999255
-0.02%$232.68
1.87%$0.00347656
-2.51%$121,665.00
1.55%$0.03482134
0.57%$0.732003
-2.56%$0.105501
-10.45%$0.00006131
-1.20%Reading
Former British politician Godfrey Bloom made his first Bitcoin purchase this week, according to a tweet Thursday. The move comes years after Bloom famously called the global banking industry “a scam.”
Bloom, who served as a Member of the European Parliament for Yorkshire and the Humber from 2004 to 2014, said on Twitter, “I make my first purchases of Bitcoin this week. Gold & silver have I plenty.”
I make my first purchases of bitcoin this week.
Gold & silver have I plenty. https://t.co/EPObJZ7Rvk— Godfrey Bloom (@goddersbloom) October 1, 2020
Bloom said he was open to learning more about cryptocurrencies and even invited crypto thought leaders and speakers for an interview on his YouTube channel, which has 13,000 subscribers. “I am open & looking for interviews for some top crypto people to teach a 70-year old (me!) about crypto,” he said.
He previously said that he holds 65% of his portfolio in gold, 8% in silver and the rest in real estate.
The former European MEP has turned to Bitcoin years after he called the banking system a scam in a European Parliament meeting in 2013. He said at the time, “You do not understand banking. All the banks are broke.”
Bloom pointed out how the widespread practice of “fractional reserves”—in which banks are only required to hold a fraction of customer deposits on hand and can hence lend out the rest of the (users’) money—is “a criminal scandal” that has created a moral hazard for the economy.
Bitcoin preppers were proven right once again yesterday when the first US bank closed amid the economic collapse caused by the coronavirus crisis. The Federal Deposit Insurance Corporation, the government corporation that insures America’s banks in case of failure, announced on Friday that a West Virginian bank, the First State Bank of Barboursville, was closed by the West Virginia Division of Financial Institutions. Class-action lawsuits filed against 11 crypto companies The fallen bank was imm...
In the same speech, he raised concerns on how quantitative easing, or the practice of printing money to jumpstart an economy, by central banks was outright manipulation. But, in the end, the taxpayer would be ultimately affected, he added.
“When banks go broke through their own incompetence...the taxpayer picks up the tab. It's theft from the taxpayer and until we start sending central bankers and politicians to prison for this outrage it will continue,” said Bloom at the time.
Quantitative easing and concerns of inflation have caused many high-profile individuals like Bloom to turn towards Bitcoin in recent months, such as enterprise software maker MicroStrategy—whose founder wasn’t a fan of cryptocurrencies in 2013 but has since changed his stance—and fund manager Paul Tudor Jones.
Now even British MEPs are getting involved, who would have thought it?
Two years ago, Estonian banker Rain Lõhmus told Estonia’s public radio he had lost access to a massive stash of Ethereum bought from the 2014 presale. “It's no secret that I have a wallet with 250,000 Ethereum units; anyone can calculate for themselves what it's worth,” Lõhmus said at the time. He said he would consider credible help to recover it. A specific address was later linked to him by Coinbase product director Conor Groga. With Ethereum briefly topping $4,700 on Wednesday and surging...
Spot Ethereum exchange-traded funds are generating outsized inflows in the U.S. as the asset’s price surges toward all-time highs, offsetting years of ETH issuance. So far this month, spot Ethereum ETFs have attracted $2.3 billion—the equivalent of 500,000 ETH—while the network has issued 450,000 ETH since the so-called merge occurred in September 2022, according to crypto data providers CoinGlass and Ultrasound Money. The "merge" was a major network upgrade that ended Ethereum's energy-intensiv...
Standard Chartered has raised its Ethereum price target to $25,000 by 2028, a major shift from March forecasts that predicted a structural decline for the world's second-largest crypto. The UK banking giant made a massive revision on its Ethereum outlook, now projecting $7,500 by the end of 2025, $12,000 in 2026, $18,000 in 2027, and $25,000 in both 2028 and 2029, up from its earlier $4,000 target for 2025. "We raise our price forecasts, as the backdrop for ETH has improved dramatically in recen...