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Is There a Bitcoin Bubble? - Daily Reckoning

Fri, 22 Sep 2017 16:55:25 GMT

It serves no purpose to assess Bitcoin based on “intrinsic value.” Bitcoin has no intrinsic value and neither does any other form of money including dollars or gold. Intrinsic value is an obsolete economic theory that was abandoned by economists in 1871.

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Strategist predicts bitcoin, digital currency trading volume will 'soon surpass' Apple's - CNBC

Fri, 22 Sep 2017 16:27:04 GMT

Global daily trading volume between bitcoin and ethereum into traditional currencies has multiplied eight times this year, according to Jens Nordvig, founder and CEO of Exante Data. Cryptocurrency trading volume has topped $3 billion a day on average ...and more »

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, September 22 - CoinTelegraph

Fri, 22 Sep 2017 16:13:13 GMT

Bitcoin has entered a bear market and most of the news around it has turned bearish. Experts are speculating about the future of cryptocurrencies and what can be done to reduce the volatility. However, we believe that a 30 percent fall after such a ...and more »

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Investor Doug Casey: Bitcoin May Be Money, But It Still Might Fail - CoinDesk

Fri, 22 Sep 2017 16:11:01 GMT

Investor and anarcho-capitalist Doug Casey recently argued that bitcoin qualifies as money – even he's not sure it'll last in the long term. In an interview published yesterday, the Casey Research founder discussed his viewpoints behind bitcoin. During ...

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Go Ahead and Ignore Bitcoin--with These 4 Exceptions - Inc.com

Fri, 22 Sep 2017 16:00:22 GMT

ICOs. It's hard to ignore the frenzied, jargon-filled recent headlines around digital currency: China has banned trading it! JPMorgan Chase has warned against buying it! Startups are embracing it every day! So are tech investors. Bitcoin-related ...and more »

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ECB's Constancio Says Bitcoin Isn't a Currency, It's a Tulip - Bloomberg

Fri, 22 Sep 2017 15:58:26 GMT

“I'm surrounded by two Dutch nationals so I can say that bitcoin is a sort of tulip. It's indeed an instrument of speculation for those that want to bet on something that can go up and down 50 or 40 percent in a few days, but certainly not a currency ...and more »

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It's 'Worth Nothing': Jamie Dimon Takes Another Shot at Bitcoin - CryptoCoinsNews

Fri, 22 Sep 2017 15:58:06 GMT

Earlier this month, Dimon called bitcoin 'a fraud' adding that he would fire any employee found trading in the cryptocurrency. Known for his complete disregard toward the digital currency, back in 2015, Dimon claimed that bitcoin was 'a waste of time.'.and more »

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Bitcoin Price Dives to $3563 as Post-China Ban Hangover Continues - CryptoCoinsNews

Fri, 22 Sep 2017 15:56:15 GMT

The bitcoin price took a dive on Friday, initiating speculation that the market's post-China hangover is not going away anytime soon. Bitcoin entered the week on an incline, quickly recovering from its September 15 flash crash below $3,000. Within two ...and more »

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Currency Guru Gets His Head Around Bitcoin's Capital Flow Signal - Bloomberg

Fri, 22 Sep 2017 15:55:22 GMT

“As bitcoin volumes increased along with Chinese currency intervention in 2016, Chinese individuals were seemingly using virtual currency to circumvent government capital controls and escape currency weakening,” Nordvig wrote in a note. “This was the ...and more »

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ECB's Constancio Compares Bitcoin to Dutch Tulip Mania - New York Times

Fri, 22 Sep 2017 15:40:39 GMT

FRANKFURT — Bitcoin is not a currency but a mere instrument of speculation, the vice president of the European Central Bank said on Friday, comparing the digital currency to tulip bulbs during the 17th century trading bubble in the Netherlands. The ...and more »

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ECB's Constancio compares Bitcoin to Dutch tulip mania - Reuters UK

Fri, 22 Sep 2017 15:37:23 GMT

FRANKFURT (Reuters) - Bitcoin is not a currency but a mere instrument of speculation, the vice president of the European Central Bank said on Friday, comparing the digital currency to tulip bulbs during the 17th century trading bubble in the Netherlands.and more »

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Why are countries so afraid of bitcoin? - Marketplace.org

Fri, 22 Sep 2017 15:37:01 GMT

Bitcoin has had a very tumultuous summer. As the valuation of the cryptocurrency climbed, experts opined about the potential “bitcoin bubble.” Bitcoin's value, however, stumbled a bit over the past few weeks as Chinese regulators took steps to regulate ...and more »

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ECB's Constancio compares Bitcoin to Dutch tulip mania - Reuters.com

Fri, 22 Sep 2017 15:33:35 GMT

FRANKFURT (Reuters) - Bitcoin is not a currency but a mere instrument of speculation, the vice president of the European Central Bank said on Friday, comparing the digital currency to tulip bulbs during the 17th century trading bubble in the Netherlands.and more »

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ECB's Constancio Compares Bitcoin to Dutch Tulip Mania - U.S. News & World Report

Fri, 22 Sep 2017 15:32:00 GMT

FRANKFURT (Reuters) - Bitcoin is not a currency but a mere instrument of speculation, the vice president of the European Central Bank said on Friday, comparing the digital currency to tulip bulbs during the 17th century trading bubble in the Netherlands.and more »

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CFTC Sues New York Man Over Alleged $600k Bitcoin Ponzi Scheme - CoinDesk

Fri, 22 Sep 2017 15:07:13 GMT

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against a New York-based man and his company for allegedly running a bitcoin-based Ponzi scheme. Nicholas Gelfman and his firm, Gelfman Blueprint Inc (GBI), are accused of ...and more »

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Bitcoin gets bad rap from JPMorgan CEO - Computer Business Review

Fri, 22 Sep 2017 14:55:48 GMT

The chief executive of JPMorgan, Jamie Dimon, has knocked bitcoin by saying it will likely come to an end when governments shut down cryptocurrencies. Dimon believes that governments will not allow cryptocurrencies to grow beyond a certain point, ...and more »

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Charlie Lee: China Bitcoin Mining Ban Rumors are False - CryptoCoinsNews

Fri, 22 Sep 2017 14:32:37 GMT

Litecoin creator Charlie Lee says a trusted source has told him that China will not ban bitcoin mining operations or the bitcoin network. He says the rumors are being propagated by large-scale traders who are attempting to manipulate the bitcoin price.and more »

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Younger Americans See Bitcoin As Investment Opportunity, Survey Says - Bitcoin News (press release)

Fri, 22 Sep 2017 14:32:18 GMT

A new survey recently conducted by Lend Edu polled Americans about their interest in bitcoin. The survey asked basic questions about whether people have heard about bitcoin, whether it was legal, and if they would use it or invest in it. By and large ...and more »

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Evolve launching Canada's first Bitcoin ETF - BNN

Fri, 22 Sep 2017 14:22:24 GMT

“Accessing Bitcoin is not easy for many – it is a very complicated and expensive process as investors are currently unable to trade them in a regular brokerage account," said Raj Lala, president and CEO of Evolve ETFs, in a press release. "An ETF tied ...and more »

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JPMorgan CEO Jamie Dimon Attacks Bitcoin Again - TheStreet.com

Fri, 22 Sep 2017 14:05:15 GMT

Despite Dimon's recent criticism of Bitcoin it seems JP Morgan's customers disagree with Dimon's recent take on Bitcoin. In Europe, XBT, the currency code for Bitcoin, has seen increased buying from JPMorgan as a broker. Nordnet, a public record, shows ...and more »

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Jamie Dimon bashes bitcoin again, says cryptocurrencies 'are kind of a novelty' - Business Insider (press release) (registration) (blog)

Fri, 22 Sep 2017 13:52:12 GMT

JPMorgan CEO Jamie Dimon doubled down on his anti-bitcoin position, calling cryptocurrencies like bitcoin a 'kind of novelty.' While talking to CNBC India on Friday, the billionaire banker said the recent proliferation of initial coin offerings, a red ...and more »

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Ransomware demands victims to send their nude pics instead of Bitcoin - The Express Tribune

Fri, 22 Sep 2017 13:42:00 GMT

Screenshot of the message that's displayed when a victim's system is compromised. PHOTO: twitter.com/malwrhunterteam. Ransomware is probably the worst thing that could happen to your computer. It happens when hackers lock the victims' computers and ...and more »

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Key questions you need answered about bitcoin - South China Morning Post

Fri, 22 Sep 2017 13:38:30 GMT

While regulators are concerned with the risks associated with bitcoin and other cryptocurrencies, blockchain – the digital ledger technology underpinning all of these virtual money – is now being tested and deployed outside the financial services ...and more »

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Jamie Dimon Isn't Done Bashing Bitcoin, Says It Is 'Worth Nothing' - Benzinga

Fri, 22 Sep 2017 13:33:00 GMT

JPMorgan Chase & Co. (NYSE: JPM)'s CEO Jamie Dimon could be considered by some as bitcoin's harshest critic. The bank executive said during CNBC's Delivering Alpha conference last week that the digital currency is a "fraud" and suggested that it is ...and more »

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Jamie Dimon bashes bitcoin again, says cryptocurrencies 'are kind of a novelty' - Business Insider

Fri, 22 Sep 2017 13:24:59 GMT

JPMorgan CEO Jamie Dimon doubled down on his anti-bitcoin position, saying cryptocurrencies like bitcoin and ether 'are a kind of novelty.' While talking to CNBC India on Friday, the billionaire banker said the recent proliferation of initial coin ...and more »

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Jamie Dimon bashes bitcoin again, says cryptocurrencies 'are kind of a novelty' - Business Insider UK

Fri, 22 Sep 2017 13:24:17 GMT

JPMorgan CEO Jamie Dimon doubled down on his anti-bitcoin position, calling cryptocurrencies like bitcoin a 'kind of novelty.' While talking to CNBC India on Friday, the billionaire banker said the recent proliferation of initial coin offerings, a red ...and more »

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Jamie Dimon accused of market manipulation over 'false, misleading' bitcoin comments - RT

Fri, 22 Sep 2017 13:07:35 GMT

The CEO of JPMorgan Chase Jamie Dimon has been accused of market abuse for "spreading false and misleading information" about bitcoin. Algorithmic liquidity provider Blockswater has filed a complaint with the Swedish Financial Supervisory Authority.and more »

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Stealing Bitcoin with a Name and a Phone Number - CryptoCoinsNews

Fri, 22 Sep 2017 13:04:03 GMT

Researchers from Positive Technologies recently showed Forbes how, using only a name and a phone number, hackers are able to compromise someone's Google account, and use it to get to that person's bitcoins or bank account. Hackers can do this using ...

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Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon - Yahoo Finance

Fri, 22 Sep 2017 12:28:34 GMT

JPMorgan Chase (JPM) Chief Executive Jamie Dimon has laid into bitcoin (Exchange:BTC=) and digital currencies once again, warning that governments will shut them down if they grow too large. "Right now these crypto things are kind of a novelty. People ...and more »

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Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon - CNBC

Fri, 22 Sep 2017 12:23:49 GMT

JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large. "Right now these crypto things are kind of a novelty. People think they're kind of ...and more »

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Bitcoin price update: Jamie Dimon hit with market abuse report for calling currency fraud - Express.co.uk

Fri, 22 Sep 2017 12:03:37 GMT

Bitcoin algorithmic liquidity provider Blockswater has reportedly filed the report against the investment bank boss, for "spreading false and misleading information". Mr Dimon described the currency as a fraud and also said he would fire JP Morgan ...and more »

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Bitcoin Cash Price Drops by Nearly 12% Overnight - The Merkle

Fri, 22 Sep 2017 11:51:06 GMT

With the Bitcoin price still stuck in a bearish trend, other cryptocurrencies are suffering as well. Bitcoin Cash is one of the few currencies effectively losing over 11% in value over the past 24 hours. That is not a positive sign, especially not when ...and more »

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Jamie Dimon Says the Whole Bitcoin Craze Will 'End Badly' - Fortune

Fri, 22 Sep 2017 11:48:12 GMT

Separately, London-based Blockswater, which trades Bitcoin, lodged a complaint with Swedish authorities Thursday in which it accused Dimon of manipulating the price of Bitcoin. The allegations were made after Reuters reported that J.P. Morgan (jpm, ...and more »

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Dimon Knocks Bitcoin Again: Crackdown Likely on 'Worthless' Cryptocurrency - CoinDesk

Fri, 22 Sep 2017 11:47:51 GMT

Expanding on his recent criticism of bitcoin, the CEO of JPMorgan Chase bank is again out in the media warning "it will end badly" for the tech. In a fresh round of press interviews, Dimon told CNBC he is concerned about a flood of cryptocurrencies ...and more »

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The world seems to think 'bitcoin bad' – but it's not the only currency that needs to settle down - South China Morning Post

Fri, 22 Sep 2017 11:21:00 GMT

“Bitcoin or other digital currencies do not require holders to trade under their real name, which allows them to be used for money-laundering activities. Bitcoin and other digital currencies are considered commodities... However, investors need to ...and more »

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Venezuelans Turn to Selling In-Game Gold for Bitcoin - Bitcoin News (press release)

Fri, 22 Sep 2017 11:10:01 GMT

Venezuelan 'Gold Farmers' Are Selling Runescape Items for Bitcoin Runescape in-game gold is being sold for bitcoin in Venezuela. Recently there have been many reports of Venezuelans “Gold Farming” on a MMORPG called Runescape. Recent headlines ...

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Radical Academy: Amir Taaki's New Hacker Team Is Spreading Bitcoin in Syria - CoinDesk

Fri, 22 Sep 2017 11:09:27 GMT

But, through it all, the hacker – best known for writing crypto code in abandoned London flats and creating one of the earliest dark markets powered by bitcoin – has kept the technology at the forefront of his mind. Now, emerging from his latest ...

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ICO? Bitcoin? Blockchain? A guide to digital currency - Marketplace.org

Fri, 22 Sep 2017 10:45:52 GMT

Perhaps you've seen the term ICO, or initial coin offering, pop up recently in your business news. It's a whole new system of money being traded in the digital world, helping startups grow. They've raised nearly $2 billion, according to some estimates.and more »

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'nRansomware' demands nudes from its victims instead of bitcoin - Neowin

Fri, 22 Sep 2017 10:52:00 GMT

But a new type of malware has arisen, with a somewhat concerning demand. Spotted by the MalwareHunterTeam, it is being dubbed 'nRansomware'. This new, rather shocking, type of attack demands nude photographs instead of bitcoin in exchange for a ...and more »

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Bitcoin Price Watch; Profiting Into The Close Of The Week - newsBTC

Fri, 22 Sep 2017 10:34:00 GMT

So that is another week pretty much done in our bitcoin price trading efforts and it has been a pretty volatile one. When price started to appreciate early on in the week, it looked as though we might be in for a longer-term recovery in the space ...and more »

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Inside Pick n Pay's bitcoin trial - Moneyweb.co.za

Fri, 22 Sep 2017 10:30:12 GMT

In this episode of TechCentral, Duncan McLeod chats to Pick n Pay information systems executive Jason Peisl about the retailer's bitcoin trial. In the podcast, Peisl explains why Pick n Pay decided to test bitcoin payments at the point of sale. He ...and more »

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Hackers are remotely locking Apple devices and demanding bitcoin payments - International Business Times UK

Fri, 22 Sep 2017 10:24:00 GMT

It's not a bug, it's a feature. That's what most technology companies will stress when a system designed for security is instead used for nefarious purposes. Apple's "Find My Device" is one such tool which, in the past week, may have been abused for ...and more »

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Bitcoin sinking on concerns over Chinese cryptocurrency crackdown - RT

Fri, 22 Sep 2017 10:07:36 GMT

Bitcoin rival ethereum sank over seven percent to $263. The global bitcoin exchange market is now restructuring, and the majority of trading volume has shifted from China to Japan and South Korea. According to bitcoin market data provider CryptoCompare ...and more »

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Chinese Cryptocurrency Aficionados Flee To Hong Kong - CoinJournal (blog)

Fri, 22 Sep 2017 09:54:09 GMT

Founders of cryptocurrency projects are now turning to Hong Kong exchanges for alternative listing of their tokens, while investors are exchanging their bitcoins peer-to-peer. Aurelien Menant, founder and CEO of Hong Kong-based cryptocurrency exchange ...and more »

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Former US Futures Commission Chair Says Regulation Solves Bitcoin Volatility: CNBC - CoinTelegraph

Fri, 22 Sep 2017 09:43:58 GMT

The recent weeks of Bitcoin volatility, with Bitcoin price hitting an all-time high of $5,000, only to plummet back below $3,000, and then stabilize near $4,000, are a signal of what Bitcoin really needs - regulation. This, at least, is the opinion of ...and more »

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Bitcoin Price Continues Downward Momentum Toward $3500 - The Merkle

Fri, 22 Sep 2017 09:40:00 GMT

Even though there is no real reason for the Bitcoin price to go down right now, we see a lot of sell pressure. More specifically, the BTC price has dipped by another 5.39% overnight and is now effectively heading toward the $3,500 mark once again. This ...and more »

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