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Author: Bitcoinist

Paypal’s Former CEO Says Bitcoin Investors Are ‘Drinking the Kool-Aid’

Searching for someone to convince you that Bitcoin is junk? Look no further than the former CEO of Paypal. ‘Everyone is drinking the Kool-Aid’ Paypal’s former CEO, Bill Harris, remains as bearish as ever on Bitcoin, the gold-standard to digital currencies, telling CNBC‘s “Fast Money:” Everyone is drinking the Kool-Aid. I absolutely believe that money should be digital, is becoming more digital, and will be completely digital but it doesn’t mean we need a new

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600+ Bitcoin Users Seek Lawsuit Against Bitcoin.com & CEO Roger Ver

A “community movement” that has grown to over 600 individuals in just two days is pursuing legal action against Bitcoin.com and its owner, Roger Ver, for deliberately misleading new users into buying Bitcoin Cash (BCH) instead of Bitcoin (BTC). Is Bitcoin.com Tricking People into Buying Bitcoin Cash? Bitcoin.com is undoubtedly a prized domain in the Bitcoin space. It’s likely that anyone interested in finding out about the world’s first, and most valuable, cryptocurrency will instinctively

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Bitcoin ‘Is a Screaming Buy Right Now,’ Says Pantera Capital CEO

Haven’t dipped your toes in Bitcoin’s waters, yet? Well, according to one market analyst, now’s the time to take the plunge. ‘Screaming Buy’ In an interview with Bloomberg Television on Thursday, Pantera Capital Management’s CEO Dan Morehead made some seriously bullish comments in regards to Bitcoin — claiming the gold standard of digital assets “is a screaming buy right now.” Morehead, whose cryptocurrency hedge fund is worth $1 billion, noted that roughly 10 percent of

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Will Ethereum or Ripple Ever Beat Out Bitcoin?

Bitcoin is the boss, but will Ethereum or Ripple ever catch up? Don’t hold your breath. Brand Power Stop the average person on the street and ask them about cryptocurrency, and the first thing that will likely pop into their mind is Bitcoin — and for good reason. Bitcoin (BTC) is the first and the foremost cryptocurrency, spending its entire lifespan on the top of the charts and currently maintaining a total market dominance of

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Ripple Partners With 5 More European and Asian Companies

Ripple, a San Francisco-based real-time gross settlement system, currency exchange and remittance network, has announced partnerships with five new European and Asian customers. FairFX (U.K.), RationalFX (U.K.), Exchange4Free (U.K.), UniPAY (Georgia), and MoneyMatch (Malaysia) will all use xVia to power frictionless payments over RippleNet. Adding Five More to the List xVia is a technological solution for corporates, payment providers and banks wishing to send payments across various networks using a standard interface. As explained by Ripple’s official

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Coincheck Posts Significant Profit, Despite High-Profile Heist

Despite experiencing one of the worst heists in the cryptocurrency market’s history, Coincheck has still managed to turn a significant profit. Can’t Nobody Hold Coincheck Down As reported by Reuters, Japanese cryptocurrency exchange Coincheck Inc. has recorded a writedown of roughly $432.56 million for the financial year ending in March. The information comes directly from the exchange’s parent company, Monex Group Inc. Earlier this year, Coincheck notoriously suffered a hack which saw the exchange lose

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‘The Most Profitable Market of All Time:’ Nasdaq Endorses Cryptocurrency as Institutions Get Involved

Nasdaq CEO Adena Friedman has once again reminded everyone that the cryptocurrency market is legit — too legit to quit, even — as institutional investors have already begun to enter into the future of finance and technology. An Endorsement from Nasdaq Looking for someone to make a case for cryptocurrency’s future? Look no further than Nasdaq CEO Adena Friedman. The major figure in the world of finance explained in an interview with CNBC yesterday: I

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How to Trade Cryptocurrencies with the SimpleFX App

Not long ago, forex (FX) and contract-for-difference (CFD) broker SimpleFX released a brand new mobile application for trading. Let us show you how it’s done. Installation and Account Set-Up To get started trading with the new SimpleFX App, simple head to the Google Play store and download the mobile application. After the process has finalized, simply click “open” to launch the platform. After booting up the application, users are met with a welcome screen that

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Bitcoin is Mainstream: More Popular Than Star Wars & Elon Musk in 2017

Bitcoin continues to rise in popularity and according to Wikipedia its growing appeal actually edged other popular names, brands and topics in 2017. It has been reported that Bitcoin was the ninth most read Wikipedia article last year, coming out ahead of cultural sensations like Wonder Woman, Elon Musk, and Star Wars. BITCOIN BEATS BOXERS, BLOCKBUSTER MOVIES AND BRITISH ROYALS This was shared in Wikipedia’s annual top 50 report for 2017 which listed the most viewed

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BBVA Issues First Ever Corporate Loan on the Distributed Ledger

Spain’s Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), a multinational Spanish banking group, has officially become the first global bank to issue a loan using Bitcoin’s underlying technology, the distributed ledger — hailing the event as a “significant advance in the exploitation” of the technology. BBVA is Banking on the Blockchain The loan in question is a €75m corporate loan. As reported by Financial Times, the entire loan process was processed using a mutually distributed ledger, including the negotiation

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Chilean Cryptocurrency Exchanges Win Battle Against Banks

Good news arrives for cryptocurrency exchanges in Chile as the country’s appeals court has ordered the re-opening of their unexpectedly-closed bank accounts. A Small but Significant Victory Earlier this month, Bitcoinist reported that Chilean cryptocurrency exchanges Buda, Orionx, and CryptoMarket filed appeals to one of the country’s appeals court following the unexpected closure of their bank accounts from Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco del Estado de Chile. Guillermo Torrealba, Buda’s co-founder

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US State of Wisconsin on the Fence About Accepting Crypto Campaign Contributions

Even though some political candidates have already accepted crypto contributions in the past, the Wisconsin Ethics Commission is still not sure whether their state should follow suit. As digital currencies continue to gain traction in the real world, seemingly everyone wants to be a part of this virtual movement. Politicians are no different, realizing that crypto could provide them with that cash injection their campaign needs. One of crypto’s major advantages, which is anonymity, also seems

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