The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund.
Andrea Ronchini | NurPhoto via Getty Images
The European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a “road to irrelevance.”
In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff said that, for bitcoin’s proponents, the apparent stabilization in its price this week “signals a breather on the way to new…
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