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Bitcoin

Wait, I can get Bitcoin at that ATM?

You may know Bitcoin is a controversial digital currency that makes news for falling or rising — a lot. Less widely known is that consumers can acquire the cryptocurrency through ATMs, just like regular cash. The number of machines installed worldwide is nearing 1,600, with the biggest hunk in the U.S. at …

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$4,000: Bitcoin’s Price Shrugs Off China Exchange News

Bitcoin’s price has bounced back above $4,000 following market losses linked to the recent regulatory crackdown in China. After China’s early September ban on initial coin offerings (ICOS), news on September 15 that bitcoin exchanges were shutting down following directives from government officials sparked a market drop that sent prices reeling to a low of $2,981. Since then, …

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Bitcoin

Jamie Dimon, Here’s Why You’re Wrong About Bitcoin

We’ve never met, and I never expected to find myself in the position of writing you an open letter. But this weekend, days after your observations on Bitcoin, strangers all over the world, plus old friends like my high school best friend’s younger brother, were still tweeting or messaging me about …

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Bitcoin

Wall Street Analyst Sees Bitcoin Surging to $25k Despite China Exchange Ban

Major Wall Street analyst Thomas Lee, the co-founder Fundstrat Global Advisors, appeared on CNBC’s Fast Money and reaffirmed his short-term price target of $25,000, despite the nationwide ban on bitcoin exchanges issued by the Chinese government and its financial regulators. By the end of October, merely less than three weeks …

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Bitcoin

U.S. Bill Would Ease Bitcoin Tax Regulations for Small Transactions

Two U.S. congressional representatives have introduced a bill that would reduce bitcoin tax reporting requirements. If the bill is signed into law, U.S. bitcoin users would no longer have to report transactions worth less than $600. The Cryptocurrency Tax Fairness Act of 2017, introduced by Congressional Blockchain Caucus co-chairs Rep. Jared Polis (D-CO) …

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Bitcoin
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What is an ICO, and why is China’s central bank banning it?

An initial coin offering (ICO) is a form of crowd-sourced fundraising that uses cryptocurrencies. Also known as digital currencies, or virtual currencies, cryptocurrencies work as a medium of exchange using encryption to secure transactions and for creating (known as mining) additional units. Cryptocurrencies, the best known of which is the …

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Bitcoin price yo-yos amid a China clampdown

After a brutal week, bitcoin finally got a bounce. The controversial crypto-currency yo-yoed dramatically on Friday, briefly falling below $3,000 to as low as $2,985 in the morning before hustling in the afternoon to soar as high as $3,819 as investors digested news of a clampdown by the Chinese government on …

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Bitcoin

Can Bitcoin Prices Reach $5000 Again Without China?

After falling for most of the week like a stone, Bitcoin, the “people’s currency,” made a sharp turn upwards on Friday and early Saturday morning, gaining close to 12 percent within 24 hours. Other cryptocurrencies followed suit. Ethereum also gained close to 12 percent, while Litecoin fared even better gaining …

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Bitcoin

Courting Bitcoin? Nebraska Ethics Board Gives Lawyers OK to Accept

Lawyers in Nebraska can now accept cryptocurrency as payment, according to a new advisory opinion published by an ethics committee appointed by the state’s supreme court. The Lawyers’ Advisory Committee is an eight-member body that responds to queries from lawyers in Nebraska, weighing them against the state’s Rules of Professional Conduct. The opinion …

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Bitcoin

Bitcoin Beware – The Empire May Strike Back

It has been a tough week for Bitcoin. China continued to crack down on virtual currencies, prompting a major Bitcoin exchange to shut down. And Jamie Dimon, head of JP Morgan, called Bitcoin a fraud and said it was only “fit for use by drug dealers, murderers, and people living in places such …

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Bitcoin

Blockchain, Bitcoin, Cryptocurrency And ICOs – All You Need To Know In 10 Minutes

I’ve often sung the praises of blockchain technology, which I truly believe has the potential to create great efficiencies across many industries. Probably the most visible application of blockchains right now isthe virtual currency Bitcoin – which has often hit the news for rapid gains in value – but in fact there are …

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Bitcoin

Bitcoin Is Plummeting After an Exchange in China Said It Would Halt Trading

Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30, setting off a further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs it hit earlier in the month. China has boomed as a cryptocurrency …

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Bitcoin Price Drops Below $3,500, But Is Relief Rally In Sight?

The bitcoin-US dollar exchange (BTC/USD) rate fell to a fresh four-week low of $3,413 this morning following reports that Shanghai-based bitcoin exchange BTCC will shut down its domestic trading operations effective September 30. As such, the announcement is the latest that supports the rumor regulators are preparing a formal ban on …

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Bitcoin

The first of China’s top bitcoin exchanges has announced it will suspend trading

A number of China’s top bitcoin exchanges are preparing to suspend their services following instructions from the government. BTC China, one of the country’s top three, became the first to officially make the move after it announced today that will stop all trading for China-based customers from September 30. The …

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Bitcoin ‘mining’: A new way for North Korea to generate funds for the regime

North Korea appears to be funding itself with bitcoin, according to a recent report. Recorded Future, an intelligence research firm backed by Google Venture and In-Q-Tel (a venture capital firm funded by the CIA), reported that North Korea began “mining” bitcoin on May 17 and could be using the digital currency to generate income for …

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Bitcoin
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North Korea’s hackers are reportedly targeting bitcoin exchanges

North Korea’s hackers have been linked with many attacks, including the 2014 Sony hack, but it looks like the totalitarian state is now targeting bitcoin, and crypto coin exchanges in particular, with its hacking teams. That’s according to a new report from cybersecurity firm FireEye, which claims to have tracked at least …

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Bitcoin price falls below $4,000 on worries about China crackdown

Bitcoin fell below $4,000 on Wednesday with negative comments from major business leaders about the cryptocurrency and the threat of a regulatory crackdown, unnerving investors. The digital currency fell as low as $3,907.26 on Wednesday, before recovering slightly to trade around the $4,050 mark, according to data from industry website CoinDesk. …

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Bitcoin

Collateral Damage From The Inevitable Bitcoin Crash

Bitcoin is well off its all-time high, due in large part to moves by China to shut down domestic Bitcoin exchanges. Also putting pressure on Bitcoin: The People’s Bank of China recently banned initial coin offerings (ICO), thus outlawing the practice of creating and selling cryptocurrency to investors to finance startup projects …

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