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Vietnam Becomes the Latest to Ban Bitcoin, but in China, the Rules May Be Changing

Vietnam Becomes the Latest to Ban Bitcoin, but in China, the Rules May Be Changing Vietnam became the latest nation state to launch an attack on cryptocurrency, as regulators sided with the alarmists without providing much of a rationale. Vietnam Issues Ban The ban, which applies to all cryptocurrencies not deemed legal tender, was issued via formal statement by the State Bank of Vietnam. The punishment for accepting or offering payments in bitcoin can run more than $8,000 USD. Vietnam’s…

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Bitcoin Price Going From $4,000 to $400,000 is Easy – Hedge Fund Manager Mark Yusko

Bitcoin Price Going From $4,000 to $400,000 is Easy – Hedge Fund Manager Mark Yusko Mark Yusko, the founder & CEO of Morgan Creek Capital Management, the $3.7 billion North Carolina-based investment firm, has stated that the bitcoin price is expected to reach $400,000 in the long-term. Over the past 12 months, the price of bitcoin has increased from less than $900 to over $5,900. In a relatively short-term, the bitcoin price has demonstrated an exponential rate of growth, almost…

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Ethereum and Bitcoin Price Decline Again – Major Factors For Mid-Term Recovery

Ethereum and Bitcoin Price Decline Again – Major Factors For Mid-Term Recovery The price of Ethereum and bitcoin have declined in the past two days, with the bitcoin price struggling to rebound beyond the $5,700 mark and the price of Ether dipping below the $300 region again. Although the price of bitcoin has increased since plunging to $5,300 prior to the Bitcoin Gold hard fork, over the past 24 hours, the price of bitcoin declined from $5,767 to $5,680. Like…

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There are now more than 120 hedge funds focused solely on bitcoin, digital currencies

There are now more than 120 hedge funds focused solely on bitcoin, digital currencies Data shared exclusively with CNBC from financial research firm Autonomous Next shows the number of funds investing in digital assets like bitcoin has grown rapidly to 124. Autonomous Next also estimates that the "crypto-funds" have about $2.3 billion in total assets under management. While several leading Wall Street banking executives remain skeptical about bitcoin, more seasoned money managers are moving into digital assets management. More than…

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Bitcoin Price Storms to $5,955 as Bitcoin Gold Fizzles

Bitcoin Price Storms to $5,955 as Bitcoin Gold Fizzles The crypto markets experienced a moderate recovery on Thursday, as the bitcoin price began to recover from the dip that it entered following the Bitcoin Gold hard fork. Many altcoins achieved slight price bumps as well, enabling the total cryptocurrency market cap to rise above the $172 billion mark. Chart from CoinMarketCap Early in the day, it appeared that the markets were heading south, continuing their movement from the previous day.…

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Managing Enormous Risk – Bitcoin and Altcoin Investment Strategies

Managing Enormous Risk – Bitcoin and Altcoin Investment Strategies While some have made millions investing in digital currencies, others would call it degenerate gambling. If you’re reading this, then you know how exciting and unpredictable the crypto world is. Fortunes are built and demolished in seconds, new and exciting technology pops up every day, and controversy rules the land. It’s pretty much the Wild West of finance. The unprecedented growth of cryptocurrencies has attracted investors from all walks of life,…

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Bitcoin Is Paying Out Dividends Now — Just Not to Everyone

Bitcoin Is Paying Out Dividends Now — Just Not to Everyone On top of stupendous capital gains, investors in bitcoin are also getting a dividend — if they’re lucky. A split in the blockchain created a new offshoot in the form of bitcoin gold on Tuesday, with bitcoin holders receiving one unit for every bitcoin they own, according to the offshoot’s developers. The cryptocurrency fell from a record high after the so-called hard fork, just as stocks typically drop after…

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Bitcoin Gold – What to Know About the Blockchain’s Next Split

Bitcoin Gold – What to Know About the Blockchain's Next Split Anyone who owns bitcoin will soon be able to receive a new cryptocurrency. As of block 491,407 on the bitcoin blockchain, another alternative version of the protocol will be launched, resulting in a variant that's being branded bitcoin gold (BTG). The project, which seeks to improve bitcoin's technology by changing how its competition for rewards is conducted, is the second to launch since August via an increasingly common process…

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Bitcoin Price Technical Analysis for 23rd October – Another Break, Another Pullback

Bitcoin Price Technical Analysis for 23rd October – Another Break, Another Pullback Bitcoin price zoomed up to set new all-time highs and is pulling back to offer an opportunity to ride the rally. Bitcoin Price Key Highlights Bitcoin price surged to new highs at the $6200 area once more, indicating that bullish momentum is very strong. Price has quickly pulled back after reaching this area, giving more bulls an opportunity to hop in the climb. Applying the Fibonacci retracement tool…

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Could Bitcoin’s Bubble Lead to Long Crypto Winter?

Could Bitcoin’s Bubble Lead to Long Crypto Winter? In the mad mania for cryptocurrencies, there are some dissenting voices from old timers, calling this irrational exuberance. Could a crypto winter be in the offing? Eerie similarities to 2013 A year after the block reward halving, with media buzzing about Bitcoin, and a multifold increase in price – this is not just a description of 2017 but also perfectly fits 2013. After the block reward halving in 2012, the price of…

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