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Bitcoins


Bitcoin made a comeback despite crashing after a recent hack on a South Korean exchange, and two cryptocurrency traders explained why it rebounded. div > div.group > p:first-child”> Charlie Lee, the founder of Litecoin, a global decentralized currency that is based on blockchain technology, said it was to be expected. “Whenever there’s an exchange hack, …

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Ensuring Bitcoin and other cryptocurrencies are widely used is very difficult. This is especially true when it comes to buying items and services with cryptocurrency. A jewelry store in Menlo Park, San Francisco, is now one of the first jewelry stores to accept cryptocurrency. A positive development which helps legitimize Bitcoin as a currency. Store …

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Square CEO Jack Dorsey (AP Photo/Richard Drew) Cash App, Square’s app for sending cash payments, now allows New York residents to buy and sell Bitcoin after the New York State Department of Financial Services granted the company a “bitlicense” on Monday. Cash App has allowed Bitcoin trading to users in select states since last year, but Square is just …

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Bitcoin prices moved little following news that Bithumb was hacked. (Photo by Omar Marques/SOPA Images/LightRocket via Getty Images) Bitcoin prices have held up following the announcement that South Korean exchange Bithumb was hacked to the tune of roughly 35 billion won (approximately $31.6 million). The market-leading digital currency dropped to as little as $6,561.79 at 01:15 UTC, …

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Some people see cryptocurrencies – peer-to-peer decentralized money free of government control – as a welcome development in monetary evolution. Others say any form of money existing outside government control spells potential anarchy. What is the security debate all about? The regulatory debate centers around whether certain cryptocurrencies are securities. If they are, their issuers are subject …

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More than a million people signed up to trade cryptocurrencies in the days after mobile trading app Robinhood first announced the feature, co-CEO Vlad Tenev at the Future of Fintech conference on Wednesday. The co-founder of the investing app and web platform was bullish on bitcoin despite the price declines seen over the last few …

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A lot of people hope to strike it rich with mining Bitcoin. The possibility is certainly there, albeit it may take a while to come to fruition. For Valery Nebesny and Valery Vavilov, things are certainly going according to plan. Their vision is making BitFury Group a lot of money in the process. The Success …

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Bitcoin (BTC) suffered a minor dip last night after it was revealed that hackers had again breached a major cryptocurrency exchange, but the charts still favor a corrective rally to $7,000. The cryptocurrency fell from $6,740 to $6,560 after Bithumb – the sixth largest cryptocurrency exchange in the world by trading volume – confirmed that …

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A South Korean exchange, Bithumb, has reportedly been hacked, resulting in the loss of 35 billion won worth of cryptocurrencies it was storing. Bithumb Targeted Again Seoul-based Bithumb, the sixth largest cryptocurrency exchange, according to CoinMarketCap, saw assets being seized yesterday and today, according to a Bithumb statement. Yesterday, the crypto exchange announced that it …

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Goldman Sachs CEO Lloyd Blankfein does not own bitcoin, but he did not rule out Tuesday the cryptocurrency having a future. div > div.group > p:first-child”> During a talk at the The Economic Club of New York, the banker struck an optimistic tone on bitcoin. He explained how the world moved from gold to fiat …

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