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Bitcoin Prices Still Firmly Above $7000, Without China

Bitcoin Prices Still Firmly Above $7000, Without China Bitcoin is unstoppable these days, passing one “technical” test after another, crossing the $5000-mark, the $6000-mark, and the $7000-mark in a matter of weeks. The “people’s currency” has gained 27.33% in seven days, as market volume increased. What’s behind the digital currency’s breathtaking run? Certainly, it isn’t the lifting of regulations which halted trade of digital currency in China, as some expected (back in September, China banned Initial Coin Offerings (ICOs) and…

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Cryptocurrencies May Contribute to Financial Stability

Cryptocurrencies May Contribute to Financial Stability Bitcoin is trending in Turkey, and the country’s central bank officials are starting to notice. This week President Murat Cetinkaya of the Central Bank of Turkey (CBRT) said the financial institution is monitoring bitcoin closely, and spoke optimistically about digital currencies. Central Bank of Turkey President Says Cryptocurrencies Could Contribute to Financial Stability Turkish Central Bank President: "Cryptocurrencies May Contribute to Financial Stability"According to local news outlets in Istanbul, the president of the Turkish…

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Bitcoin Just Surged Past $7,000. Here’s Why

Bitcoin Just Surged Past $7,000. Here's Why Talk about a roller coaster. As of late Thursday, the price of Bitcoin was about $7,000, having reached the threshold for the first time just hours earlier. The upswing continued a rally that started Wednesday, when the Chicago Merchantile Exchange announced plans to offer Bitcoin futures — a move that could add even more institutional investors to Bitcoin markets and theoretically push up prices. While Bitcoin investors cheered the rally, dubbing the CME’s…

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Bitcoin soared above $6,900 despite strong regulatory warning from Securities and Exchange Commission

Bitcoin soared above $6,900 despite strong regulatory warning from Securities and Exchange Commission The price of bitcoin, the red-hot digital coin up more than 550% this year, soared past $6,900 to $6,916 Wednesday evening, according to data by Markets Insider. The rally comes ahead of a warning by the Securities and Exchange Commission on initial coin offerings, a cryptocurrency-based fundraising method. Bitcoin blew past $6,900 Wednesday even after the Securities and Exchange Commission warned investors about celebrity endorsements for certain…

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Bitcoin Price Boom Sees Students Flocking to Take Cryptocurrency Courses

Bitcoin Price Boom Sees Students Flocking to Take Cryptocurrency Courses The rise of bitcoin is seeing an increasing number of students signing up for cryptocurrency classes at top computer science schools such as Stanford. According to Dan Boneh, co-director of the Stanford Computer Security Lab and professor of cryptography, he is attracting a large number of people to his cryptocurrency courses. As a cryptography researcher for almost 30 years, Boneh began teaching a bitcoin and cryptocurrency class in 2015, attracting…

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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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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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Bitcoin breaks above $6,000, and $100 billion in value for the first time in its history

Bitcoin breaks above $6,000, and $100 billion in value for the first time in its history The world’s most prominent digital currency was on track to mark a fresh milestone on Friday, with bitcoin rallying and putting the cyber currency in position to hit a total market value of around $100 billion. Such a valuation would place the No. 1 cryptographic currency above or on par with blue-chip companies on the Dow Jones Industrial Average DJIA, +0.71% like United Technologies…

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