As with other countries going against bitcoin and the constant fluctuation in opinion from whether it is a valuable or fraudulent asset, Morocco is the next country to be questionable about the nature of bitcoin. Thus, the currency regulator in the country banned transactions involving bitcoin and other cryptocurrencies, as there are serious concerns over…
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TOBAM, a French asset management company, announced today that it is now launching TOBAM Bitcoin Fund. This type of financial intermediary related to bitcoin is the first European one. The expertise and top-notch research and the available IT systems of the company make it even more exciting as news about bitcoin's future. All institutional investors…
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After Jamie Dimon, the CEO of JPMorgan, slammed bitcoin as a "fraud", JPMorgan is now reportedly heading to bitcoin futures, once CME launches the product in early December, 2017, according to CNBC. A report from Wall Street Journal reads: "J.P. Morgan is considering whether to provide its clients access to CME's new bitcoin product through…
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Bitcoin's price is skyrocketing again, trading in all exchanges for above $8,000, even hitting $8,200 on November, 20th, 2017. Just last week, the cryptocurrency was trading at around $5,600 level, after the community seemed divided over Bitcoin Gold and the fork that Bitcoin was about to go through. The new all-time high was set after…
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In an interview for Reuters, Mike Novogratz, the current CEO of Galaxy Investment Partners and the former macro hedge fund manager at Fortress Investment Group, talked about his opinion on bitcoin and why the digital currency is the new "gold". According to the Wall Street manager, bitcoin is undoubtedly a store of value. It has the…
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Man Group, the world's largest publicly traded hedge fund company, reporting $103.5 billion in funds under management as of September 2017, announced its readiness to add Bitcoin to its portfolio. The CEO of Man Group, Luke Ellis, expressed his positive opinion on Bitcoin and its potential addition to the products the hedge fund manages, especially if…
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As bitcoin is now exploding and imploding on a daily basis, going to $8,000 to current lows of $6,300, the "people's currency" thrives in the state of Zimbabwe. Bitcoin seems to offer "rare protection from the onset of hyperinflation and financial implosion", says The Hindu Business Line. Zimbabweans are afraid of their currency losing value…
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Bitcoin price is tumbling with around $1,000 after the upgrade that was scheduled to take place on the 16th of November was called off. Now, investors seem to invigorate interest towards Bitcoin Cash (BCH). After Bitcoin reached an all-time high of $7,800 in the past few days, after SegWit2x was cancelled, the current price is…
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The price chart of Bitcoin now resembles a "hockey stick". A constantly increasing price with time, with only small corrections here and there. Bitcoin is now trading at around the $7,300 level, hitting new all-time highs almost every week for the past month. With 889% growth this year, according to Coinbase, Bitcoin has helped the…
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With Bitcoin coming up at $7,400 this past week, more prominent public figures are expressing negative opinions on the actual viability of the digital currency. After JP Morgan Chase's CEO, Jamie Dimon, and the Chairman and Founder of Bridgewater Associates, Ray Dalio, called bitcoin a "fraud" and a "pyramid scheme", the next CEO who put…
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