Bad Crypto News of the Week

It’s been a good week for Bitcoin. After languishing at around $6,700, the cryptocoin is up more than 6 percent over the last week to take it above $7,000. And the next halving is now less than three weeks away.

Changpeng Zhao is looking further ahead. He predicts that in a few months, as governments implement quantitative easing measures to stabilize coronavirus-hit economies, Bitcoin will rise. “Mathematics works, he told BlockDown 2020, a two-day virtual conference. “If you increase supply of the fiat currency and Bitcoin is a limited asset, mathematics will eventually work.” For crypto-ATM services like DigitalMint and LibertyX, that’s good news. They’ve been expanding their spread of Bitcoin cash machines. The movement of digital coins certainly looks better than that of oil. As a barrel of crude fell into negative territory for the first time, Bitcoin barely moved.

Not all the old stuff being dug up is worthless though. A 21-year-old post on the Cypherpunks mailing…