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Cryptocurrencies

Criminals are dropping bitcoin in favour of other cryptocurrencies in a bid to achieve greater anonymity for their criminal activities. That’s according to the co-founder and president of Blockchain Intelligence Group. He estimates that the number of illegal transactions involving bitcoin fell from half the total volume to around 20 percent last year. In an interview with …

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Bitcoin Price

The number one digital currency has gone and done it again. The bitcoin price has scaled to over $4,600 for the first time, pushing its market cap value to over $76 billion. At 13:54 UTC, on the 29th August, the bitcoin price was recorded at $4,602. As a result, the combined market value soared to …

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Cryptocurrencies

Leading global financial services firm Morgan Stanley has given its view as to how disruptive cryptocurrencies are going to be to fiat monies. According to the bank, the crypto-revolution is not going to replace traditional currencies. In a report, Morgan Stanley said: “We think that cryptocurrencies as a group are likely to see some adoption …

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Digital Currencies

The deputy governor of the South African Reserve Bank (SARB) has said that it would be ‘too risky‘ to start issuing its own digital currency. Speaking at the Strate GIBS FinTech Innovation Conference 2017, Francois Groepe, the deputy governor of the South African Reserve Bank, commented on the development of a digital currency such as bitcoin. …

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Is Mark Cuban having a change of heart regarding the cryptocurrency space? The billionaire entrepreneur and investor said recently that he wants a slice of the sector despite saying that bitcoin is in a bubble. According to reports, Cuban is investing in 1confirmation. It’s headed by former product manager at Coinbase and Runa Capital principal, Nick Tomaino. …

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Digital Currency

Two digital currency exchanges in the Philippines have been granted licenses from the Philippines central bank. In a report from local publication, The Philippine Star, the Bangko Sentral ng Pilipinas (BSP) has approved the registration of two bitcoin exchanges in the country. According to the report, the move is part of efforts to regulate the fast …

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Bitcoin

Bitcoin is trading under $4,450, but according to investor Dennis Gartman he’s not buying into the digital currency. According to the editor and publisher of The Gartman Letter, he doesn’t understand bitcoin. He said: “It is a punter’s dream. I give them credit for that, but it is something that I will absolutely stay away from, …

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Bitcoin

The price of bitcoin soared above $4,400 and was within striking distance of $4,500 for the first time. In the early hours of the 15th August, the digital currency recorded a new all-time high of $4,482, according to CoinDesk’s Bitcoin Price Index (BPI). As can be seen from the chart above, throughout the day bitcoin’s …

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Digital Currencies

The number of digital currencies that have exceeded a market value of $1 billion is 10 with values ranging from $1.3 billion to $70 billion. The top 10 cryptocurrencies with market values exceeding $1 billion include bitcoin, ethereum, ripple, bitcoin cash, IOTA, litecoin, NEO, NEM, dash and ethereum classic.   Bitcoin, the Number One Ranking …

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Blockchain

Two Indian states are reported to be exploring the blockchain to record land deals to bring transparency to a corrupt system that leaves the poor at risk. With the aid of the distributed ledger it is hoped that it will modernise an outdated system and boost economic growth. The southern states of Andhra Pradesh and Telangana …

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Digital Currencies

Goldman Sachs has said to clients that the boom in value that digital currencies are experiencing is ‘worth watching.’ Analyst Robert D. Boroujerdi and his team, said in a note to portfolio managers, that: “With the total value nearly $120 billion, it’s getting harder for institutional investors to ignore cryptocurrencies.” On the 5th August, the …

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Bitcoin

Malta’s financial regulator has issued a warning with the intention of preventing the adoption of digital currency use after the country installed its first bitcoin ATM. At the end of July, it was reported that Malta had installed a bitcoin ATM in the town of Sliema where it is operated by Venture Trading. One of its …

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