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Author: Crypto Coins News

Bitcoin Price Will Hit $60,000 This Year: Fund Manager

Phillip Nunn, chief executive officer of Manchester-based investment firm Blackmore Group, is standing by his bullish prediction that the bitcoin price will reach $60,000 in 2018, according to BusinessCloud. Nunn, who also advises initial coin offering (ICO) projects, told the news outlet he believes the flagship cryptocurrency see both $6,000 and $60,000 this year. Speaking … Continued

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JPMorgan Fined $65 Million for Manipulating US Dollar Benchmark

The Commodity Futures Trading Commission (CFTC) on Monday slapped JPMorgan Chase Bank with a $65 million fine for attempting to manipulate the value of a US Dollar benchmark index. JPMorgan Busted for Trying to Manipulated USD Benchmark According to the CFTC, JPMorgan traders repeatedly attempted to manipulate the US Dollar International Swaps and Derivatives Association … Continued

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R3 Not Going Bankrupt, in a Very Strong Financial Position: CEO David Rutter

The chief executive of R3 is striking back at a recent report that the enterprise blockchain startup is hemorrhaging cash and is well on its way to bankruptcy. Writing in an official statement on the R3 blog, David E. Rutter said that the firm — which has raised more than $120 million over multiple funding

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EOS Vulnerability Will Lead to ‘Massive Exchange Hack’, Predicts Cornell Blockchain Researcher

The EOS network has barely processed its first blocks, but one blockchain researcher is already predicting that an as-yet-undiscovered vulnerability in the nascent cryptocurrency’s codebase will lead to a “massive exchange hack” within the near future. Writing on Twitter, Cornell professor Emin Gün Sirer forecasted his belief that EOS, which launched last week following a … Continued

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BitLicense #7: New York Grants Another License to Bitcoin App Square

Days after granting its sixth-ever BitLicense to cryptocurrency wallet Xapo, New York has approved fintech startup Square to operate in the state, enabling its users buy and sell bitcoin. The New York Department of Financial Services (NYDFS) announced on Monday its formal approval of Square’s application for a virtual currency license, also known as ‘BitLicense’. … Continued

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Crypto-Loving US Senate Candidate Forced to Return $130,000 Bitcoin Donation

US Senate candidate Austin Petersen received a $130,000 bitcoin donation but was forced to return it due to federal regulations governing campaign contributions. Petersen, a Republican who is hoping to unseat incumbent Missouri Sen. Claire McCaskill during the mid-term election in November, said that an enthusiastic supporter attempted to donate $130,276 worth of bitcoins (~20 … Continued

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Regulated Cryptocurrency Custody Will Bring in Big Money: Hedge Fund Manager

Anyone who stays in the crypto-space long enough begins to recognize the familiar mantras. “Don’t invest more than you can afford to lose.” “We’re in the early days of the internet.” “Adoption is coming.” They’re all valid points, and currently the latter is being held back by lack of regulation and typical financial services, keeping … Continued

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Early Bitcoin Developer Jeff Garzik Launches New Altcoin ‘Metronome’

Jeff Garzik, one of the earliest Bitcoin developers, has formally launched an altcoin, dubbed Metronome, which backers allege will be the first cryptocurrency to offer “institutional class” endurance. Metronome had first been announced by Bloq, Garzik’s blockchain development firm, back in Oct. 2017, when the cryptocurrency market was in the early stages of a parabolic

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Bitcoin Miners in China’s Remote Regions are Undeterred By Restrictions

Though Chinese authorities have previously taken various measures aimed at curtailing the trading of cryptocurrencies, the mining of Bitcoin has continued unabated in some of China’s remote parts according to a Nikkei Asian Review report. These regions enjoy excess electricity supply capacity and are considered poor relative to the economic powerhouses of Beijing and Shanghai.

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Korean Authorities Admit to Postponing Cryptocurrency Regulation Because it Legitimizes Market

Authorities have admitted that the South Korean government had postponed the regulation of the cryptocurrency sector because it feared consumers will acknowledge it as the government legitimizing the cryptocurrency market. Government is Aware Regulation Will Legitimize Market Last week, CCN reported that the government of South Korea and its financial agencies including the Korea Financial … Continued

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Cryptocurrency Market Declines $5 Billion, Bitcoin Price Fairly Stable at $6,450

The cryptocurrency market has dropped by $5 billion over the past 24 hours, from $282 billion to $277 billion. Most major cryptocurrencies including Bitcoin have declined by 1 to 2 percent but did not demonstrate any major movement on both the upside and downside. Bitcoin and Ethereum outperformed the top 10 cryptocurrencies with a slight … Continued

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Ripple Donates $2 Million to Texas University’s Blockchain Initiative

One of 17 institutions chosen for Ripple’s $50 million academic pledge, the University of Texas at Austin will receive $2 million from San Francisco-based industry giant Ripple. The McCombs School of Business at UT will receive $2 million from Ripple over the next five years to fund research at the institution’s Blockchain Initiative program, a

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