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”

$117,429.00
0.08%$3,113.53
5.47%$2.90
2.36%$688.07
1.57%$162.58
2.22%$0.999904
0.01%$0.196885
3.41%$0.301319
0.35%$3,110.40
5.37%$0.739343
3.02%$47.30
0.41%$116,996.00
-0.04%$0.458735
5.12%$4.01
3.36%$3,756.73
5.46%$15.96
4.45%$0.234066
1.79%$496.98
1.30%$21.79
5.88%$3,332.26
5.41%$8.85
-1.78%$0.00001359
5.66%$3.08
3.32%$3,113.62
5.37%$95.70
4.17%$0.999857
-0.00%$0.99947
0.00%$44.13
-3.05%$4.04
5.46%$332.27
-0.82%$117,403.00
-0.02%$9.17
4.37%$0.00001269
7.88%$1.001
-0.11%$4.53
4.70%$323.45
5.13%$433.66
7.29%$0.444576
-1.51%$0.107886
4.33%$5.08
5.10%$2.63
4.78%$1.18
0.07%$5.52
5.18%$0.933888
5.28%$19.18
6.68%$47.41
0.41%$197.86
2.00%$1.00
0.00%$0.00003144
14.12%$0.278823
0.72%$0.704911
-1.92%$0.087559
5.32%$0.00640555
14.75%$0.352244
8.44%$1.00
0.22%$0.373754
8.82%$0.024963
5.69%$0.4306
9.03%$4.63
3.62%$0.23082
4.37%$0.03228604
8.61%$3.82
4.22%$4.50
-0.34%$0.738959
7.81%$1.059
0.01%$9.41
3.11%$3,112.07
5.83%$15.58
0.08%$1.06
4.86%$2.61
4.93%$117,126.00
0.23%$0.077806
2.61%$112.70
3.42%$172.34
1.76%$4.75
1.10%$0.513243
6.84%$3,264.48
5.33%$11.57
0.93%$3,546.77
5.37%$1.56
6.99%$0.999882
-0.02%$0.998082
0.07%$1.94
7.07%$0.998724
-0.08%$4.47
5.19%$1.31
1.75%$13.20
9.26%$0.796492
4.58%$0.695418
8.78%$0.07498
0.58%$1.21
-4.18%$0.01721003
0.49%$3,270.27
5.33%$3,325.28
5.28%$0.356052
5.24%$117,164.00
0.26%$0.999863
-0.01%$1.64
1.93%$0.774621
9.78%$1.049
7.88%$3,273.55
5.14%$3,368.65
5.52%$0.53216
3.81%$0.101691
5.57%$0.999081
0.24%$0.0000989
5.48%$117,245.00
-0.16%$3,338.94
-0.62%$1.11
-0.06%$118,152.00
-0.38%$687.97
1.74%$0.151464
1.37%$0.551065
2.94%$0.221717
3.83%$25.98
18.67%$182.77
2.05%$0.999417
-0.05%$2.42
3.96%$0.824205
7.10%$3,331.81
-0.68%$212.86
2.08%$0.01651419
7.39%$0.890782
6.76%$0.01745487
5.20%$2.87
6.00%$0.311931
4.59%$9.33
-12.97%$0.84801
6.27%$10.75
0.03%$0.270129
5.32%$43.58
3.71%$111.81
0.01%$0.12151
5.61%$0.00000069
0.23%$0.646085
3.40%$3,322.38
5.19%$3,114.51
5.46%$0.998285
0.00%$1.88
4.14%$4.02
3.99%$0.397529
-1.76%$0.999835
0.01%$3,277.69
5.90%$2.05
14.65%$0.01881785
2.21%$0.466074
11.34%$1.097
0.51%$116,901.00
-0.17%$0.39569
4.39%$0.00000158
1.95%$0.314806
4.80%$3,115.28
5.43%$0.00873371
0.49%$0.997643
-0.02%$0.00634861
8.69%$116,940.00
0.13%$28.56
10.97%$3.06
5.19%$0.055769
7.59%$117,485.00
0.14%$0.546091
3.44%$1.56
3.19%$0.075347
13.21%$47.23
0.01%$0.662705
6.23%$3,112.84
5.34%$0.522713
6.56%$0.101658
2.97%$46.99
-0.49%$0.144075
7.94%$0.999764
-0.00%$1.00
-0.01%$0.196638
3.79%$1.16
0.07%$0.9989
0.09%$7.47
10.89%$0.45303
0.92%$3,311.62
5.28%$0.00820211
6.83%$0.229018
2.56%$0.634007
7.99%$0.190979
4.76%$0.337303
-0.21%$0.390909
5.05%$49.33
4.95%$0.427842
1.01%$1.23
12.79%$6.46
4.40%$3,437.58
5.48%$15.69
5.38%$1.42
11.68%$0.00000045
0.39%$0.00002198
7.03%$0.058942
10.65%$2.53
6.11%$7.37
-1.24%$0.00414119
3.52%$3,411.20
5.41%$1.093
0.01%$0.999905
0.01%$0.990514
-1.13%$116,200.00
-0.69%$0.152994
4.93%$0.04093102
4.96%$0.00574766
3.82%$3,105.86
5.53%$0.876147
13.94%$0.997947
-0.24%$0.550524
2.83%$0.083158
7.44%$1.58
6.16%$3,117.39
5.52%$3,107.34
5.17%$1.36
2.78%$0.00721078
8.83%$0.999962
0.03%$0.36759
12.30%$0.361018
5.08%$0.03649816
1.55%$0.365125
2.52%$0.01863981
0.65%$117,424.00
0.18%$0.534336
5.41%$3,762.87
5.42%$0.00006276
2.35%$11.86
3.70%$21.36
2.54%$4.24
10.52%$177.85
1.98%$131.49
5.54%$0.03254418
9.36%$26.49
5.81%$0.73834
6.61%$0.835981
7.50%$0.999766
0.01%$0.230782
3.90%$1.14
4.52%$21.78
5.76%$0.775567
3.56%$0.00381718
4.38%$0.999357
0.20%$0.999212
-0.02%$3,264.17
5.66%$0.673184
9.60%$0.999195
0.01%$0.9998
0.36%$6.87
5.51%$117,360.00
0.32%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?
JPMorgan Chase is expanding its stablecoin development, although CEO Jamie Dimon's expressed skepticism about their usefulness in the banking giant's second quarter earnings call on Tuesday. “We're going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it,” Dimon said. “I think they're real, but I don't know why you'd want to use a stablecoin as opposed to just payment.” The move reflects the growing interest of traditional financial institutions in ad...
Jameson Lopp, CTO and co-founder of self-custody service Casa, proposed a change to Bitcoin’s software on Tuesday to address quantum computers’ catastrophic potential. The proposal, which was co-authored by five other developers, would create incentives pushing Bitcoin owners toward cryptographically-sound ways of storing the asset that can’t be compromised by complex computers, and introduce other safeguards. “It turns quantum security into a private incentive,” the proposal’s abstract states....
Popular Solana token launchpad Pump.fun debuted its token on Monday, immediately entering the top 65 tokens by market cap. It followed a massive $600 million initial coin offering, or ICO, that sold out in just 12 minutes over the weekend. Still, PUMP remains below BONK in terms of market cap, a meme coin project that is butting heads with Pump.fun as it steals Solana launchpad market share. At the time of writing, Pump.fun sits at a market capitalization of $2 billion, according to CoinGecko, m...