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Bitcoin

Bitcoin price drops $200 after new ruling from Chinese regulators

The price of bitcoin fell sharply after Chinese regulators announced a ban on organizations from raising funds using initial coin offerings (ICOs). ICOs allow start-ups to raise investment by selling new cryptocurrencies, which are similar to bitcoin, in return for cash. However, the People’s Bank of China says this practice, …

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Technology, blockchain and the natural resource curse

The “paradox of plenty,” natural resources are both a gift and a curse to emerging economies. Rather than providing a flourishing economy, often the result of discovering an abundance of new resources is quite the opposite. The story is repeated over and over again throughout the world. Countries rich in …

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Bitcoin offers wealth creation opportunities for Iran, post-Soviet states

UK-based expert has forecasted bright future for Bitcoin in Iran and post-Soviet countries, as the digital currency keeps climbing. “For many places, like Iran and post-soviet countries, Bitcoin is being embraced for the intellectual challenge, as well as the wealth creation opportunities. With the vast intellectual and technological abilities of …

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South Korea Tightens Bitcoin Regulations, Will ‘Punish’ ICOs: Report

South Korean regulators are reportedly strengthening the regulation and monitoring of digital currencies including bitcoin. South Korea’s digital currency task force – a group comprising of the country’s central bank, financial regulators and digital currency companies – have discussed increased regulatory oversight into trading and business practices as a means …

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Bitcoin Price Falls Sharply After Reaching $5,000 High

The value of bitcoin fell sharply Monday, not long after the cryptocurrency crossed the $5,000 mark on Friday. At one point, the price dipped below $4,400 in value, representing a drop of around 12% since the Friday evening high. Ethereum, meanwhile, traded Monday morning at around $312, down around 20% …

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Bitcoin Price Drops By Over $250 as Crypto Markets Lose Billions

Just two days after achieving a historic high of over $5,000 on September 2, bitcoin’s price has plummeted to below $4,400. The notable sell-off – the biggest in the crypto markets since July 15 – began immediately after the record high of $5,013.91 had been reached Saturday, and has continued today, according to data …

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Top 5 things to know in the market on Monday

1. North Korea conducts another nuclear test North Korea conducted its sixth and most powerful nuclear test to date on Sunday, which it said was a successful detonation of an advanced hydrogen bomb, in a dramatic escalation of the isolated state’s stand-off with the U.S. and its allies. In response, …

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Russia Opens First Criminal Case Involving Bitcoin

Last week, Russian police arrested three businessmen for illegally trading in 500 million rubles worth of bitcoin, or around $9 million worth of the crypto-currency. The arrest marks the start of the first-ever criminal case against bitcoin sales in Russia, Vedomosti business daily reported on Sept. 1.  The Russian government has …

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Why accepting bitcoin is a great marketing play

Are you among the many people who believe that Bitcoin is the new gold? Are you looking for ways to use this as a means of boosting your business? Have you come to find that some of your competitors are already taking advantage of this? Accepting Bitcoin can be a …

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Bubble? Think Stocks and Real Estate, Not Bitcoin

The rapid increase in the price of cryptocurrencies in 2017 has led to most people fearing the formation of a bubble and its impending explosion. What people need to fear are the bubbles in equity markets and real estate, not cryptocurrencies. Easy money The genesis of All Time Highs in …

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Why Investors Dump After ICOs

A lot of once-promising ICOs get dumped at some point. Some go on to recover relatively quickly, while others wallow at the bottom longer than anticipated. This can cause investors to decide to save what they can of their initial investment. Cash need One of the top reasons why people …

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How Much $100 Investment in Bitcoin A Year Ago Worth Now?

Bitcoin price managed to rise above the $5,000 mark in trading today, fulfilling the expectations and predictions of a number of Bitcoin faithful. However, it has also led to widespread concerns that a bubble is forming that will eventually crater the portfolios of many investors. The massive rise is difficult …

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Bitcoin By 2020

By now, many Bitcoin enthusiasts are trying to work out a realistic projection for Bitcoin over the next few years. From analyst Ronnie Moas who sees a $15,000-$20,000 value by late 2020 to independent views that point at $1 mln per Bitcoin, some of these predictions seem outrageous and outright …

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What is Bitcoin?

What is Bitcoin? Bitcoin network is agreement that a new payment system and a fully emerging digital money is created. This is the first decentralized peer to peer network paid by users without any central authority or intermediary, has been strong. From the perspective of a user, Bitcoin online is …

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