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Americans Are Taking Out Mortgages to Buy Bitcoin

Economics People are taking out mortgages to buy bitcoin, says securities regulator Joseph Borg. Coupled with accounts of credit cards and equity loans being used to obtain bitcoin, it raises the possibility of risk-taking investors being left deeply indebted or potentially even homeless.Also read: Bitcoin Is a New Haven From Hyperinflation for

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Bitcoin Futures Are Here: The Story So Far

The week ahead will give better future indication of Bitcoin derivatives products as yesterday at 6 p.m. EST, the Chicago Board Options Exchange (CBOE) allowed bitcoin futures to begin trading under the symbol “XBT.” Chicago Mercantile Exchange (CME) is set to allow futures trading in the cryptocurrency of their own accord on December 18, 2017. Bitcoin futures were up over 20 percent leading i

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Investors Dumping Gold For Bitcoin?

Investors are dumping gold in favor of Bitcoin, according to analysts in a recent interview on CNBC. One of them, Phillip Streible of RJO Futures stated boldly that “Bitcoin has stolen a large market share of gold.”To explain how they are tracking this shift, Larry McDonald of The Bear Traps Report, stated that generally when bond rates go down, gold goes up. However, in recent weeks, the yiel

Investors are Selling Gold to Invest in Bitcoin, Key to Multi Trillion Dollar Market Cap

According to ACG Analytics US macro strategy head Larry McDonald, investors have begun to sell gold to invest in bitcoin through the newly launched bitcoin futures exchange of the Chicago Board Options Exchange (CBOE).Bitcoin is Penetrating into the Gold MarketSince September, the value of gold miners ETF (GDX), the largest gold exchange-traded fund (ETF) in the market, has fallen by nearly 15 per

Precious Metals Dealer Apmex Now Accepts Bitcoin for Purchases

Finance Bitcoin users can now purchase a variety of precious metals, bullion, coins, bars and numismatics products from the popular online dealer Apmex. The firm announced accepting bitcoin on December 8 and said they are “thrilled to welcome the use of cryptocurrency.”Also Read: Bitfinex Experiences Withdrawal DifficultiesBullion Dealer Apm

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Jim Cramer: Bitcoin Is Monopoly Money, Will Get Annihilated

Jim Cramer, the outspoken host of ‘Mad Money,’ has called Bitcoin ‘Monopoly Money,’ and has suggested that the futures market will ‘annihilate’ the cryptocurrency’s value when they open. The comment came during a segment aired on CNBC.Cramer is no fan of Bitcoin, in spite of, at one point, mentioning that the price could go to $1 mln. He believes the current run up is a bubble that h

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Cameron Winklevoss Predicts That Bitcoin Will Reach Multi-Trillion Value

Cameron of the famous Winklevoss twins has claimed that the phenomenal rise in the price of leading cryptocurrency Bitcoin is primed to increase further in the long term. He claimed that if Bitcoin has the capability to disrupt gold, then it can appreciate by 10-20 times further because there’s still a significant delta for the number one virtual currency.In his interview with CNBC in early Dece

Craigslist Enable Sellers to Accept Bitcoin, More Merchants Adopt Cryptocurrencies

Craigslist, the US-based classified advertisements platform, has perhaps inadvertently given a sneak peak of its intention to allow sellers to accept Bitcoin and other cryptocurrencies as an official payment method.Craigslist’s “Cryptocurrency Ok” optionOn December 8, a member of an online Bitcoin community discovered that the Craiglist product and service listing page for merchants included

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Tom Peterffy Believes Bitcoin Could Wreck Might Go to $100K Before Crashing

The great Wall Street Divide over whether Bitcoin is a miracle or a bubble continues to grow, with Interactive Brokerage founder Tom Peterffy expressing his concerns about a bubble. The trader/investor has said that the price spike may continue, even up to $100,000 or more, before the price crashes.The warning from Peterffy included commentary that Bitcoin futures trading may well s

Price Analysis, December 09: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash

The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move is risky, you should conduct your own research when making a decision.Bitcoin is on the cusp of mass adoption, with futures trading starting on the CBOE from 6 p.m. ET on Sunday and on the CME from December 18. After the buy

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