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Jamie Dimon Breaks One-Day Silence to Call Bitcoin Investors Stupid

Jamie Dimon is finding it difficult to ignore Bitcoin. A day after stating that he would not talk about Bitcoin, he breaks his silence to emphasize that stupid bitcoin investors will pay the price.The Greater Fool TheoryThe central theme of Jamie Dimon’s renewed attack on Bitcoin is that it is a bubble, where the underlying asset has no value. So although certain people will profit because they

Samson Mow Reaffirms $6,000 Target as Bitcoin Price Hits New All-Time High

Earlier today, on October 12, the Bitcoin price achieved a new all-time high at $5,220, despite the uncertainty surrounding the SegWit2x hard fork in November. Subsequent to the recent surge of the Bitcoin price, Samson Mow, the chief strategy officer at Blockstream, the blockchain technology development firm, reaffirmed his interim price target of $6,000 by the end of 2017.Just a reminder. $BTC a

Potential Factors That Will Likely Drive Bitcoin Price to $10,000 Interim Target

The Bitcoin price is en route to achieving a new all-time high, as it nears the $5,000 region. Over the past three days, the Bitcoin price has increased from $4,330 to $4,893, leading analysts to establish an interim target of $10,000.In the short and mid-term, the price of Bitcoin heavily depends on three major factors: the performance of major markets including Japan and South Korea, the rate of

Vanuatu Becomes First Nation to Accept Bitcoin in Exchange for Citizenship

Emerging Markets The South Pacific island nation of Vanuatu has become host to the world’s first government to accept bitcoin in exchange for citizenship. Vanuatu’s citizenship program costs $200,000 USD, meaning that at current prices the residency program costs less than 41.5 bitcoins.Also Read: Nation of Vanuatu Embraces Bitcoin Payments

Why the SegWit2x Fork in November Will Likely Have Minimal Impact on Bitcoin Price

Over the past week, the Bitcoin price has shown strong resilience towards the exit of the Chinese cryptocurrency exchange market and the emergence of the SegWit2x hard fork in November.Earlier this year, a group of 58 companies led by Digital Currency Group (DCG) that represent 83.28 percent of hashing power and 20.5 million bitcoin wallets agreed on a proposal known as SegWit2x, to activate the B

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Distinguished London Gold Dealer Accepts Bitcoin for Payment

The number of merchants accepting Bitcoin as a means of payment has steadily increased over the past year. The latest to accept Bitcoin is Sharps Pixley, a London gold dealer.Sharps who?Sharps Pixley, whose origins date to 1778, is a London-based dealer of precious metals. It is a full member of the London Bullion Market Association. It acts as a full service shop for investors to buy, store and t

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Interview With Roger Ver: His Plans to Start a New Libertarian Country

Imagine a country where you could live free without a central government telling you who to be, what to do and how to act. Roger Ver does, and he is inviting people to join him on a ground level in plans for creating a libertarian utopia.The early Bitcoin investor andvoluntaryist (someone who advocates nonviolent strategies to achieve a free society) took the stage last week at Nexus Conference, a

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CFTC Files First Case Regarding Against Bitcoin Fraudsters

The Commodity Futures Trading Commission (CFTC) has filed its first-ever charges against a Bitcoin investment corporation. The company, Gelfman Blueprint, Inc. (GBI), owned by Nicholas Gelfman of Brooklyn, New York, has been accused of fraudulent statements regarding Bitcoin investments.The company apparently had been running a Ponzi-scheme from 2014 through 2016, telling investors that it had cr

India’s Government Agencies Still Have ‘Concerns’ About Bitcoin

News Indian officials revealed last week that the country’s tax agency and investigation taskforce have concerns about money laundering and black market activities associated with bitcoin. India’s Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency

Chinese Investors to Trade Bitcoin Over-The-Counter Via Telegram

Featured As Chinese-based bitcoin exchanges plan to shut down, bitcoin investors are taking their trading elsewhere. They will now focus on broker-facilitated, over-the-counter exchanges. Also read: Nebraska Ethics Board Allows Attorneys to Accept BitcoinPrior to exchange shutdown notices, most traders conducted OTC exchanges on Weechat m

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