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 beholden to banks and other intermediaries to safeguard...