Tag Archives for " Bitcoin "

Citigroup’s CEO Thinks Governments Will Issue State-Sponsored Digital Currencies

The CEO of Citigroup has said that governments will have to issue their own state-sponsored digital currencies to prevent bitcoin becoming a threat to the financial establishment. At an interview at the Bloomberg Year Ahead summit in New York, Michael Corbat, CEO of Citigroup, said: I don’t think governments are going to take lightly other people coming […]

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Embrace cryptos or get laughed at, warns VC who made a killing on bitcoin

‘In five years, if you try to use fiat currency, they will laugh at you.’ Tim Draper That’s what Draper, a venture capitalist who has invested in the likes of Tesla TSLA, -0.66%  and Twitter TWTR, +1.53% recently told Forbes about the inevitable widespread adoption of digital currencies. “Bitcoin and other cryptocurriences will be so […]

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Bitcoin Cash Price Technical Analysis – BCH/USD Testing Range Resistance

Key Points Bitcoin cash price after a decent upside move struggling to break the $645 level against the US Dollar. There is a bearish trend line forming with current resistance at $640 on the hourly chart of BCH/USD (data feed from Kraken). The price might continue to trade in the $580-640 range before the next […]

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Bitcoin Cash Markets Remain Resilient As the Network’s Upgrade Approaches

News It’s been a crazy week for cryptocurrency enthusiasts as the digital asset ecosystem is still reeling over the canceled Segwit2x fork that was expected to take place on the Bitcoin network next week. Over the course of the past few weeks leading up to the planned 2MB Segwit2x hard fork, Bitcoin Cash (BCH) markets […]

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CME Group Plans to Regulate Futures’ Market Against Volatility

The CME Group has announced their intention to apply limits to their Bitcoin Futures’ trading range. According to their website, the platform is expected to launch in December, pending a review by regulators. The announcement made by the group on Tuesday seeks to safeguard against some of the volatility associated with the cryptocurrency space. The […]

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Bitcoin’s Segwit2x hard fork was abandoned, sending the price almost to $7,900 — Quartz

Bitcoin hit a high of $7,879 today (Nov. 8), a new record high, minutes after one faction of the community that had been pushing for a hard fork, which would have doubled its transaction capacity, announced that it would abandon its effort. The chief executives of a number of prominent bitcoin companies, including Xapo, Bitmain, […]

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Goldman Sachs Predicts Bitcoin Will Consolidate at $8000 Before Rising Even Higher

Jeff Francis · November 8, 2017 · 2:15 pm Sheba Jafari, the vice-president of the Goldman Sachs FICC market strategies team, forecast that Bitcoin would consolidate at around $8,000 before rising to even greater heights. Bitcoin has been on a tear lately, reaching new highs this week, and it looks like the future of the […]

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