Markets News

Forking a Fork: ‘Bitcoin Private’ Copies Zcash But What’s it Worth?

A fork of a fork of a fork? With Friday’s birth of a new coin called “Bitcoin private,” the cryptocurrency space just keeps getting more meta. The much-discussed launch finds the cryptocurrency being created from a copy of the zclassic cryptocurrency (itself a copy of zcash, which was a copy of Bitcoin). But if that sounds crazy, it’s all – allegedly – in the spirit of innovation. “The big experiment with airdropped coins was that they’ll just fail, and if people are getting free [...]

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Ron Paul: Fed-Led Quantitative Easing Sparked Cryptocurrency Surge

Former Congressman Ron Paul said today that he believes the U.S. government’s monetary policies have fueled the rise in the price of cryptocurrencies like Bitcoin. “I think cryptocurrency is a reflection of the disaster of the monetary dollar system,” he told CNBC in an interview today. Specifically, Paul cited an excessive amount of credit created through the process of quantitative easing – by which central banks buy government debt and other financial assets in an effort to expand lending [...]

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Topped Out? Bitcoin Flirts with Short-Term Bearish Reversal

Bitcoin prices are taking a hit at press time, and could suffer a deeper pullback over the weekend, the price charts indicate. Notably, it’s only been a day since the cryptocurrency clocked an all-time high of $11,363.99, before falling more than 15 percent to $9,295.79, as per CoinDesk’s Bitcoin Price Index (BPI). In the Asian hours, Bitcoin regained some poise, moving to a high of $10,681 today, before starting to drop again at around 05:00 UTC. The cryptocurrency was last seen [...]

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Where to Trade Bitcoin? Brokerage Apps Move In Amid Market Boom

Established brokers and startups want in on the crypto boom – but, Trading 212 is a bit of both. Founded by Bulgarians Ivan Ashminov and Boris Nedialkov, Trading 212 is the trade name for Avus Capital, a broker-dealer with roots going back 14 years in foreign exchange and commodities dealing in Europe. But while the company isn’t exactly new, what it’s doing with share trading and cryptocurrencies is – and it seems to be generating success so far. Its app is [...]

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Back Above $5,500: Bitcoin Shrugs Off Fork with Price Rebound

Bitcoin is gathering fresh upside traction this Wednesday. At press time, the Bitcoin-US dollar (BTC/USD) exchange rate is $5,540, up 3 percent from the intraday low of $5,376, but still down 2 percent on a daily basis. Week-on-week, BTC is trading largely unchanged, while on a monthly basis, it is up 41 percent. But, it’s perhaps the daily recovery that is most notable. While slight, it can be read as encouraging as it follows the news that Bitcoin gold, a new [...]

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