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Farooq

Posts Tagged "bitcoin"

HomePosts Tagged "bitcoin"

Twitter and Square CEO Jack Dorsey apparently has big visions for bitcoin, commenting in a recent interview with The Times that he believes that the cryptocurrency will become the world’s single currency within 10 years. According to Dorsey, “The world ultimately will have a single currency, the internet will have a single currency. I personally […]

Bitcoin is up more than 8% Wednesday morning, mirroring the broader cryptocurrency market, after the South Korean government appeared to backpedal on its reported plans to ban crypto mining and exchanges in the country. In a video posted to the presidential website Wednesday, South Korea’s minister of Governmental Policy Coordination, Hong Nam-ki, said the government […]

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The price of the volatile digital currency dipped below $12,000, its lowest level in more than a month, according to data from CoinDesk.com. Other popular cryptocurrencies ethereum and ripple also posted double-digit losses. It’s unclear why bitcoin fell. Cryptocurrency is a murky market with frequent swings. “Volatility is quite common in the cryptocurrency world,” said Mati […]

The price of bitcoin and other cryptocurrencies dropped significantly today off the back of ‘news’ that South Korea’s government might ban trading exchanges. As ever in the world of crypto, the slightest ripple of information can be taken out of context, and that appears to be the case here. Reuters reported comments from Korean Justice Minister […]

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The price of bitcoin tumbled 30 per cent on Friday, with the rout accelerating early in the New York morning, after a week marked by high-profile security problems at two exchanges and warnings from global regulators about the risks cryptocurrencies pose. Bitcoin plummeted as low as $10,775.92, according to Bloomberg, leaving it more than 45 […]

Someone just bet that bitcoin will top $50,000 next year. Online records from New York-based digital currency-trading platform LedgerX showed 275 call options expiring Dec. 28, 2018, were bought in Wednesday’s trading session at a volume-weighted average price of $3,600. At that price, roughly $1 million was spent on the bet. The trade gives the investor or […]

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Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at the start of the week, took a hit as it emerged that South Korean exchange Youbit […]

As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase, went down under the weight of traffic, leaving many of its more than 10 million customers unable to access their funds. At the same time, Bitfinex, the world’s biggest bitcoin exchange by trading volume, said it […]

Bitcoin is already achieving some popularity/notoriety (depending on who you ask) in the Western world. There’s no denying the fact that the cryptocurrency has the potential to alter the course of history in the global economic and financial spheres. Investors on Wall Street buy Bitcoin because of its speculative potential, which has outperformed all other type of […]

After enjoying a 4-week rally, the dollar came under pressure last week, falling against most of its major peers, leaving many traders questioning whether the most recent bull run is over for the greenback. Although U.S. consumer prices rose 0.5% in September, the biggest increase in eight months, when stripping out food and energy, core […]