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Bitcoin Prices Suffer Sharp Drop As Momentum Fades

Bitcoin prices declined sharply overnight, losing more than 8% as momentum stalled. The cryptocurrency fell to $9,904.60 around 9 a.m. EDT, down 8.5% from the previous intra-day high of $10,824.49, CoinDesk figures reveal. The digital asset then extended these losses, reaching $9,864.14 around 12:00 p.m. EDT, additional CoinDesk data shows. [Ed note: Investing in cryptocoins or tokens is highly speculative and

How Bitcoin is being used to fund terrorism

Cryptocurrencies are becoming increasingly popular as a method to fund terrorists, according to the New York Times. Citing a research paper written by Steven Stalinsky, the executive director of the Middle East Media Research Institute, a nonprofit that tracks and translates communication from terrorist groups, the article suggests that crypto fundraising for terrorist organizations is becoming more

Why Bakkt may be the best news for Bitcoin investors yet

The Bitcoin, institutional investment dream is Bakkt. Bakkt, the new cryptocurrency trading platform launched by the Intercontinental Exchange (ICE), is finally opening up for business. After nearly a year of delays and false starts, Bakkt has now received approval from the Commodity Futures Trading Commission (CFTC), and the New York State Department of Financial Services, to launch in

Bitcoin: What to know, when to invest in it

What is a bitcoin exactly? The cryptocurrency trend is not going away, and many Americans are wondering if now is a good time to buy or invest in the new technology. As marketOpens a New Window. instability continues, FOX Business sat down with David Guy Levy, cryptocurrency expert and producer of the documentary “Banking on Bitcoin,” to figure out what this confusing technology is and

$3B Ponzi Scheme Is Now Allegedly Dumping Bitcoin by the Hundreds

Amid a downturn in the cryptocurrency markets, the apparent swathe of Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme could be to blame. On Aug. 14, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — called attention to the ongoing mass sell-offs from the fraudulent Chinese investment scheme, dubbed PlusToken. 10 million investors scammed of

Is MoneyGram Using XRP a Bigger Deal Than Facebook’s Libra?

Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram this June. As Yahoo! Finance reported on Aug. 9, Ripple’s deal with MoneyGram — the second-largest remittances firm worldwide — saw it purchase a 10% stake in the entity, with an option to increase its investment by a further $20 million within

Bitcoin Price Flash Crashes by $700 in Minutes

The top 20 cryptocurrencies are seeing mixed movements as Bitcoin (BTC) suddenly flash crashed in minutes from $12,300 to as nearly $11,600. Market visualization. Source: Coin360 Nevertheless, Bitcoin price is still currently up by 1.5% on the day, trading at around $11,813 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 24.33%. Bitcoin

Here’s The Case For A $100,000 Bitcoin Price By The End Of 2021

The Bitcoin price has been on a tremendous run in 2019, roughly tripling its price in U.S. dollars since the start of the year. That said, Morgan Creek Digital co-founder Anthony Pompliano thinks the party is just getting started. Pompliano has predicted that the Bitcoin price will reach $100,000 by the end of 2021, and he was