GPWA Times Magazine - Issue 41 - July 2018

Bitcoin has felt the full force of the banking industry’s wrath in recent years, while analysts haven’t been too kind about the cryptocurrency in recent months, either. These ongoing problems are something that bitcoin has been able to take in stride, largely as its biggest enemy has presented an altogether different challenge. Part of the purpose behind bitcoin was to float a currency that was self-limiting and— in a sense — self-controlling. However, nobody could have predicted the sheer rise in both value and popularity that bitcoin would experience. Standing on the cusp of the mainstream, its presence appeared to make the standard currency-backed financial sector extremely nervous. With bitcoin on a seemingly unstoppable rise, industries that were feeling the heat decided to battle back. Enter the era of fake news, with many false and misleading news reports dirtying bitcoin’s otherwise honest name. BitStarz blog — along with BitStarz award-winning online casino — have gone to great lengths to ensure that only legitimate, verifiable and fact-based articles are published. But the same can’t be said for other supposed news sources. As we’ve seen in 2018, misinformation surrounding bitcoin is on the rise, and clearly having an alarming impact on its value. FAKE NEWS AND HALF-TRUTHS Part of the reason misinformation has been able to run ram- pant is because the crypto market is unregulated. It means that half-truths are the nature of the beast, at times, with it being BITCOIN VS. FAKE NEWS Part of the reason misinformation has been able to run rampant is because the crypto market is unregulated . It means that half-truths are the nature of the beast , at times, with it being difficult to differentiate between what’s right and wrong . Image by Mega Pixel/Shutterstock W W W . G P W A T I M E S . O R G 46