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Ask not where bitcoin will be tomorrow, But 10 years from now
Posted on Tuesday September 19, 2017

Volatility breeds attention, which breeds more volatility. Eventually positive feedback loops are exhausted of fuel and they settle back down. Every day now there is a new tidbit of news surrounding bitcoin that causes either panic buying or panic selling.

Bitcoin's fate untethers from China
Posted on Tuesday September 19, 2017

This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. Even as a number of smaller Chinese cryptocurrency exchanges suspended all operations last week, two of the country's largest ...

Bitcoin's Ver Says Future Is Brighter Than Ever Before - Presented by: The Aol. On Network
Posted on Tuesday September 19, 2017

Sep.19 -- Roger Ver, chief executive officer at Bitcoin.com, discusses the safety of the cryptocurrency, his outlook for the technology, Bitcoin Cash and where prices are heading. He speaks on "Bloomberg Daybreak: Asia."

China orders Bitcoin exchanges in capital city to close
Posted on Tuesday September 19, 2017

China is moving forward with plans to shut down Bitcoin exchanges in the country, starting with trading platforms in key cities. All Bitcoin exchanges in Beijing and Shanghai have been ordered to submit plans for winding down their operations by 20 September.

How This Month's Bitcoin Price Crash Tripped Up the Media
Posted on Tuesday September 19, 2017

The mainstream media still gets befuddled by a Bitcoin price crash, despite having covered the topic for more than four years. September's Bitcoin crash was yet another failed chance to get it right. After hitting an all-time high of $5,013.91 on Sept.

Ray Dalio, founder of the world's largest hedge fund, says 'bitcoin is a bubble'
Posted on Tuesday September 19, 2017

"Bitcoin today you can't make much transactions in it. You can't spend it very easily ... Bitcoin is a bubble," Ray Dalio said on CNBC's "Squawk Box" Tuesday. It's not an effective storehold of wealth because it has volatility to it, unlike gold ...

China’s Bitcoin Trading Activity Increases Despite Government’s Plan to Ban OTC Markets
Posted on Tuesday September 19, 2017

Despite the plans of the Chinese government and local financial regulators to extend the nationwide bitcoin exchange ban to over-the-counter (OTC) markets, bitcoin trading activity is continuously increasing in the region. Previously, CCN reported that ...

Pick n Pay Double Take? The Supermarket Chain Isn't Accepting Bitcoin, It Tested It
Posted on Tuesday September 19, 2017

South Africa's second-largest supermarket chain tested bitcoin payments earlier this year – but it doesn't plan to roll out the option to its stores anytime soon, according to its CEO. Pick n Pay, which operates in a number of African countries as well ...

All That's Needed To Hack Gmail And Rob Bitcoin: A Name And A Phone Number
Posted on Tuesday September 19, 2017

Hackers have proven just how urgently a gaping flaw in the global telecoms network, affecting what’s known as Signalling System No. 7 (SS7), needs to be fixed. In a video demonstration, shown to Forbes ahead of publication today, benevolent hackers from ...

Ray Dalio Calls Bitcoin a Bubble and a Highly Speculative Market
Posted on Tuesday September 19, 2017

Ray Dalio, who heads the $160 billion Bridgewater Associates, says bitcoin is a bubble. “It’s very much speculative. People are thinking, ‘Can I sell it at a higher price,’ so it’s a bubble,” he said in an interview Tuesday on CNBC.

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