Facebook’s Libra Triggers US & UK Alarms; Will Bitcoin Take a Beating?

On CNBC’s Squawk Box, Philip Hammond, the Chancellor of the Exchequer and a senior official within the government of the U.K., said that Libra, a crypto asset developed by a consortium of companies including Facebook, poses a risk to the global financial system. Hammond’s caution towards Libra comes after U.S. President Donald Trump and France’s […]

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Below $10K: Bitcoin Price Drops $1.4K in 24 Hours to Hit 2-Week Low

The cryptocurrency markets fell sharply on July 14 after bitcoin (BTC) endured another $1,400 sell-off, denying the bulls a chance to revisit 2019 highs. At 09:00 UTC on July 14, BTC began to shed $1400 from its price tag, dropping below $11,000 and then $10,500 for the first time since July 2. Prices had initially […]

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NYC Students Rejoice as Hackers Extort College for $2 Million in Bitcoin

Hackers have successfully breached the network of the New York City-based Monroe College, demanding $2 million in Bitcoin to restore the institution’s encrypted data following a carefully-orchestrated ransomware attack. But while school administrators scramble to address the crisis, students are rejoicing at their unexpected luck. Hackers demand millions in Bitcoin The college – which has […]

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US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin

Donald J. Trump tweeted Thursday that he is “not a fan” of cryptocurrencies, saying they were “not money” and referencing their price volatility relative to the dollar in his first public comments on crypto since becoming president of the United States. Trump also criticized Facebook’s Libra cryptocurrency project in subsequent tweets, saying it “will have little […]

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Bitcoin Is the Surprising Key to Britain’s Post-Brexit Future: DeVere

The United Kingdom should deliberately position itself as a Bitcoin-friendly country alongside Switzerland and Japan to boost the economy of the nation that has been damaged by Brexit. That’s the opinion of Nigel Green, the CEO of deVere Group, a major independent wealth advisory firm with $12 billion under advisement. Embracing crypto to boost the […]

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Bitcoin, Facebook and the End of 20th Century Money

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. There is never a dull moment in the world of blockchains and cryptocurrencies. The two earth-shattering […]

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It’s ‘Difficult’ to Imagine Mass Adoption of Bitcoin

By CCN Markets: After ten years, the Reserve Bank of Australia has decided that Bitcoin and other cryptocurrencies don’t pose a threat to Aussie dollars or other forms of fiat payment. The RBA concludes, after reviewing everything it knows about cryptocurrency, that it’s “difficult to envisage” an outbreak of Bitcoin users in the down under. […]

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