Opinion The Jig Is Up for Bitcoin and Its Crypto-currency Pals

Fact is, you can't use bitcoin to buy a burger. China’s crackdown on initial coin offerings sent cryptocurrencies into a tailspin - because it was a blow to the speculation at the heart of the whole business.

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In the dreams of people holding bitcoins and other cryptocurrencies, one day our money will be beyond the watchful eye of governments. We’ll no longer be...