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Bitcoin

What Happens When the World’s Largest Remittance Market Regulates Bitcoin?

Earlier this week, CCN reported that the Supreme Court of India request the central bank and the authorities to provide clarity on the regulatory framework surrounding bitcoin and the cryptocurrency market. “According to Indian news daily The Hindu, three justices from India’s Supreme Court – the highest court in the …

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Bitcoin Just Surged Past $8,000. Here’s What’s Causing the Spike

After dipping below $6,000 earlier this month, the price of cryptocurrency Bitcoin surged as high as $8,040 Friday on one of the world’s largest exchanges, Bitfinex. The globally weighted average-high Bitcoin prices were slightly lower, sitting at $7,998. Bitcoin prices have pared their gains since, falling to $7,829 on Bitfinex, …

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Bitcoin

Market Correction Could See Lows of $5,800

In our last discussion of the bitcoin market, an emphasis was placed on the $7,000 support level because it represented a historic point of interest and it showed strong signs of support – a break of which would ultimately prove to have a strong downward move following afterward.  Bitcoin has since broken …

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Bitcoin

Bitcoin Cash Skyrockets, Bitcoin Price Drops As Civil War Continues

Well, get your popcorn after all. Earlier this week, a planned hard fork on the Bitcoin blockchain that threatened to create two new coins, causing disruptions on exchanges and potential losses for users on both sides — but also possibly one of the most exciting chapters in Bitcoin’s history — was called off. …

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Bull Grip Weakens As Bitcoin Price Breaks Below $7,000

Bitcoin remains on the back foot ahead of the weekend. According to Coindesk’s Bitcoin Price Index, the number one cryptocurrency by total network value fell below $7,000 at 11:25 UTC this morning and hit an eight-day low of$6,793. A minor bid wave seen during the Asian session today quickly ran out of …

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Bitcoin

Analyst says 94% of bitcoin’s price movement over the past 4 years can be explained by one equation

The FundStrat cofounder Tom Lee says: “If you build a very simple model valuing bitcoin as the square function number of users times the average transaction value, 94% of the bitcoin movement over the past four years is explained by that equation.” This model is based on Metcalfe’s law, which …

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Bitcoin

Why People Get Religious about Bitcoin

  he Bitcoin phenomenon isn’t about a bunch of people who all believe the cryptocurrency is a good investment. That’s part of it. But for many, the belief in Bitcoin’s power to transform society runs much deeper: it’s almost an article of faith. Where does this fervor come from? To …

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Japan: A Forward Thinking Bitcoin Nation

By 2014, Bitcoin was just about ready to hit the mainstream in Japan. Mt. Gox was a Tokyo based bitcoin exchange which boasted 70% of the global turnover of Bitcoin trading. However, in February of 2014 Mt. Gox suddenly closed its website and shut down its exchange when it was …

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5 Questions Bitcoin Traders Can’t Answer

As a bona fide cryptocurrency skeptic, I’m of two minds on Bitcoin and other cryptos. One, I don’t think we know enough about them to invest in them as if they were stocks and bonds. The transparency isn’t there. But I also think that the tide of technology and investors …

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Why Bitcoin’s Next Fork Might Not Mean Free Money

Bitcoin is gearing up for what could be the biggest (and least understood) change to its software to date. Often called simply a “digital currency,” bitcoin is best viewed as a protocol (a set of code) that delivers data (in this case bitcoins) in defined quantities (called blocks) that are …

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Bitcoin

Analysts spar on whether the cryptocurrency is a good deal or too risky

Bitcoin’s meteoric rise in price this year is backing people into two camps: the deeply suspicious and the incredibly enthusiastic. Andrew Left, a bitcoin critic, and Tom Lee, an all-in admirer, squared off Wednesday on CNBC’s “Fast Money.” Left, of Citron Research, is a noted short seller who likes to …

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Bitcoin

What’s the Price of Bitcoin Gold? Crypto Traders Still Aren’t Sure

From $0 to $2,900 – and seemingly everywhere in between. Bitcoin gold, a new fork of the bitcoin software, may not have been officially launched (or distributed to users), but that isn’t stopping the cryptocurrency markets from seeking to determine its potential value (or profiting from its eventual existence). In an interesting …

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Bitcoin
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Healthy Pullback? Bitcoin Price Dips Back Below $5,300

Bitcoin may be witnessing a healthy pullback. After having rallied more than 90 percent from a September low of $2,980, the bitcoin-US dollar (BTC/USD) exchange rate is trading at $5,240 today, a figure that, at press time, marks a new daily low. As per CoinMarketCap, the cryptocurrency has shed 7.37 percent …

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Bitcoin

Bitcoin is finally buying into US real estate

Bitcoin is already in retail and restaurants — so it was only a matter of time before the cryptocurrency took on real estate. That time is now. Bitcoin is slowly making its way into closings on everything from Lake Tahoe land in California to Manhattan condos to single-family homes in …

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Bitcoin

These charts show how quickly bitcoin is growing

As bitcoin soars to all-time highs, the pace of gains is rapidly picking up speed. For example, it took well over 1,000 days for each leg of bitcoin’s climb from a few cents to $1,000, and from $1,000 to $2,000. But since bitcoin topped $2,000 for the first time this May, the …

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Bitcoin

Bitcoin races past $5,000 to a new all-time high

Bitcoin mania just blew past the $5,000 mark. The price of the controversial crytpo-currency soared by more than $500 on Thursday to over $5,380, bringing it to a new all-time high. The latest rally appears to have been driven by a mix of upcoming engineering changes that make it easier …

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Bitcoin is back above $4,500 for the first time in a month

It marks the first time bitcoin has been above $4,500 since early September and continues a rally that began on Thursday. Commenting on the rally on Friday, Mati Greenspan, a senior market analyst at trading platform eToro, said: “European regulators have been cracking down on all things crypto lately and …

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Bitcoin

Government Head of IT Department Fired for Mining Bitcoin Using State-Owned Computers in Crimea

Two government officials of the Crimean Council of Ministers were caught mining bitcoin using government computers and were subsequently fired. They reportedly installed “malicious software” on the government’s server and programmed over a dozen computers to mine bitcoin. Also read: Russia Proposes Adding Cryptocurrency to the Population’s Financial Literacy Strategy Government …

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