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Bitcoin

Stealing Bitcoin with a Name and a Phone Number

Researchers from Positive Technologies recently showed Forbes how, using only a name and a phone number, hackers are able to compromise someone’s Google account, and use it to get to that person’s bitcoins or bank account. Hackers can do this using a flaw in the global telecoms network, that affects what’s known …

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4 Reasons Why Bitcoin May Still Blow Up

Call me a cryptoskeptic. There are too many unanswered questions about cryptocurrencies and they are not immune from the perils of speculation and fraud. I’ve been interviewing people who are not only tech savvy, but considerably more optimistic than I am about the future of cryptocurrencies. Although I believe the …

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Bitcoin

Prominent Bitcoin Trader: Price is Heading Towards $100,000 in 2018

Earlier this week, prominent bitcoin trader and investor Tone Vays provided technical analysis on bitcoin’s short-term trend, major price correction following the nationwide ban on Chinese bitcoin exchanges, bitcoin’s swift recovery, and the long-term future of bitcoin. The analysis of Vays demonstrated the potential of bitcoin price to surpass the …

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Bitcoin

Japan, South Korea drive global bitcoin prices as retail investor pile in

HONG KONG (Reuters) – Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday. Frenzied buying as the price peaked at …

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Bitcoin

4 Top-Performing Alternatives to Bitcoin

While Bitcoin dominates the headlines, its underlying blockchain technology has spawned a new ecosystem of alternative cryptocurrencies, known as “altcoins.” Following Bitcoin’s staggering 1,000% moonshot of the past 12 months, a fresh wave of capital has flooded the space searching for the next 10-bagger. Altcoins arrived on the scene via …

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Bitcoin

Ethereum Is The Investment To Make While Bitcoin Lags With Regulatory Questions

Summary Bitcoin has suffered a huge price drop due to international news on Chinese regulation; it needs these to be resolved to climb back up in value. Ethereum, meanwhile, is a protocol and goes beyond the scope of one single digital currency. Ethereum’s price will become tied more to its …

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Bitcoin

Wall Street Journal Argues Bitcoin Is “Probably worth Zero”, Joins Obituary List

One of the Wall Street Journal’s most read articles of the day implies that bitcoin’s volatility reveals that the cryptocurrency is “probably worth zero.” The author of the piece starts by stating that a borderless digital currency out of the government’s reach that allows for semi-anonymous transactions sounds good, but …

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Bitcoin

5 Big Bitcoin Crashes: What We Learned

eptember has been a wild ride for bitcoin owners: the digital currency began the month nudging an all-time high of $5,000 before losing nearly 40% of its value in a spectacular crash. Now, a recovery has seen bitcoin pop back over $4,000 as of Monday morning. To put this in context, Fortune offers …

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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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