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Keyword: bitcoin

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  • Below $5K: Bitcoin Drops $500 to Set New 2018 Low

    11/19/2018 12:43:37 PM PST · by C19fan · 25 replies
    Coin Desk ^ | November 19, 2018 | Sam Ouimet
    Bitcoin dropped below $5,000 for the first time in over 13 months on Monday. CoinDesk price data reveals the world’s largest cryptocurrency by market capitalization fell to $4,981 shortly after 16:30 UTC on Monday, signifying a dollar-decline of more than $500 for the day when the move occurred. That’s the lowest figure since Oct. 12, 2017, and as of press time, the price has recovered somewhat to $5,048 – still signifying a decline of more than 9 percent. The broader cryptocurrency market accompanied BTC in its steep sell-off and has shed more than $15 billion in total market capitalization in...
  • Bitcoin drops 9%, 21% over last 7 days

    11/19/2018 9:27:22 AM PST · by NRx · 29 replies
    CNBC ^ | 11-19-2018 | Kate Rooney
    The world’s largest cryptocurrency dropped to its lowest level in more than a year on Monday. Bitcoin hit a low of $4,951.47, bringing its losses to more than 21 percent in the past seven days and more than 62 percent this year, according to data from CoinDesk. The digital currency began stumbling last week after months of relative calm. Bitcoin had been trading in the $6,400 range, a break from its volatility earlier this year, for the majority of October as the rest of global markets sold off. The cryptocurrency is now down more than 30 percent since last Thanksgiving....
  • EU plan to enable non-dollar Iran trade, oil sales unraveling: diplomats

    11/14/2018 7:21:03 AM PST · by Java4Jay · 23 replies
    A special European Union initiative to protect trade with Iran against newly reimposed U.S. sanctions faces possible collapse with no EU country willing to host the operation for fear of provoking U.S. punishment.
  • Newsflash: Canadian Bitcoin Exchange ‘Hacked,’ Says All Funds are Gone

    10/29/2018 4:35:17 AM PDT · by lowbridge · 17 replies
    Yahoo ^ | October 28, 2018 | P.H. Madore
    A small Bitcoin exchange based in Alberta, Canada, has gone offline. Before their Twitter page went offline, MapleChange had announced on Twitter that they “[had] no more funds to pay anyone back.” -snip It’s been some time since we were able to report on a good old-fashioned exit scam. In the crypto space, we have primarily seen them in gambling, the dark web, and exchanges. The recipe is basic: gather trust of some clientele, get all their funds in one place, and run off with the money. It doesn’t actually matter the method by which you run off with the money, whether you...
  • Precious[Charismatic Caucus]

    10/26/2018 10:23:29 AM PDT · by Jedediah · 1 replies
    You are so precious to Me I wait in The Garden for you excited at the first glimpse of our friendship about to be renewed afresh for you have captured My Heart and I am swooned and overtaken by your love for me each and every time we meet and you understand that I even come to you in the form of others dressed in My Righteousness ; True worshippers , God chasers, My True Beloved ones for all they desire is more of me however I decide to appear. So now as you receive me in this way I...
  • People are being victimized by a terrifying new email scam... [tr]

    10/25/2018 9:04:28 PM PDT · by SunkenCiv · 56 replies
    Business Insider ^ | July 28, 2018 | Kif Leswing
    Ian Kar, a New York-based product manager who was sent the scammy email... said he was pretty sure his password was included in one of the big leaks in the past few years — databases have been stolen from LinkedIn, Yahoo, and eBay, for example. You can check whether your password is in one of these leaked databases over at the website Have I Been Pwned. Basically, the attackers don't actually have video of you or access to your contacts, and they haven't been able to install malicious code on your computer. In reality, they're taking a password from a...
  • The Global Blockchain Hiring Spree Continues: Unfilled Jobs up 300% in a Year

    10/22/2018 4:20:21 PM PDT · by 2ndDivisionVet · 7 replies
    Blockonomi ^ | October 22, 2018 | Nicholas Say
    Blockchain has taken the corporate world by storm. The little known technology that powers Bitcoin has exploded into the global development space, and the market for blockchain jobs is tight. A recent report from jobs site Glassdoor revealed how quickly the need for blockchain professionals has grown. According to Glassdoor, the number of unfilled blockchain-related positions in the US has grown by 300% on a yearly basis. In August of 2017 there were 446 open jobs that related to blockchain, and in the same month of this year, that number surged to 1,775. The rise in open positions has occurred...
  • Hacked, scammed and on your own: navigating cryptocurrency 'wild west'

    10/18/2018 1:01:11 PM PDT · by C19fan · 6 replies
    Reuters ^ | October 18, 2018 | Gertrude Chavez-Dreyfuss
    When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. They bought more coins. The Cyprus-based German couple, who describe themselves as financial educators, figured they had no chance of recovering the coins and it was not even clear who might take up their case. Yet they took the roughly $14,000 loss in stride - something that comes with the territory when one bets on a new, exciting technology in a yet unregulated...
  • Future Wealth: What a Nasdaq VP Told Me About the Future of Cryptocurrencies

    09/26/2018 12:26:41 PM PDT · by SeekAndFind · 22 replies
    Townhall ^ | 09/26/2018 | Jeff Brown
    Editor’s Note: During the week, Townhall sheds light on all the claptrap and win-lose deals playing out in Washington and on Wall Street. But on Wednesdays, we feature a unique essay on an idea outside of our usual fare.Today, Jeff Brown, a top technology analyst and Official Wealth Creation Expert to Townhall Media, reveals what the mainstream media won’t tell you about the future of cryptocurrencies, and shows how the crypto “insiders” are preparing to profit in the years ahead.The third wave of the blockchain boom is ramping up…By now, most people are familiar with bitcoin’s massive rise… from less than...
  • Argentina's central bank hikes rates to 60% as the currency collapses

    08/30/2018 10:50:10 AM PDT · by Red Badger · 33 replies
    cnbc ^ | 08/30/2018 | Sam Meredith
    Investors are increasingly concerned Latin America's third-largest economy could soon default as it struggles to repay heavy government borrowing. The peso is down more than 45 percent against the greenback this year, exacerbating pre-existing fears over the country's weakening economy and inflation running at 25.4 percent this year. "I know that these tumultuous situations generate anxiety among many of you ... I understand this, and I want you to know I am making all decisions necessary to protect you," Macri said. Argentina is struggling to cope with yet another financial crisis. Investors are increasingly concerned Latin America's third-largest economy could...
  • Venezuela’s Tyranny of Bad Ideas

    08/27/2018 4:31:57 AM PDT · by reaganaut1 · 16 replies
    Wall Street Journal ^ | August 26, 2018 | Daniel Pipes
    Ideas run the world. Good ones create freedom and wealth; bad ones, oppression and poverty. You are not what you eat, but what you think. Politicians in particular fall under the sway of ideas. As John Maynard Keynes put it, “Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. . . . It is ideas, not vested interests, which are dangerous for good or evil.” The...
  • Iran awaiting European guarantees on oil sales, banking: Zarif

    08/25/2018 11:23:00 AM PDT · by Olog-hai · 6 replies
    Al-Reuters ^ | August 25, 2018 10:32 AM | Babak Dehghanpisheh
    Iran awaiting European guarantees on the sale of Iranian oil and banking relations, Foreign Minister Mohammad Javad Zarif said on Saturday, according to the Iranian Students’ News Agency (ISNA). […] “We are still waiting for Europe to take action on the sale of Iranian oil and the preservation of banking channels,” the Iranian foreign minister said. Zarif also defended the European Union’s decision on Thursday to provide €18 million ($21 million) in aid to Iran to offset the impact of U.S. sanctions, part of efforts to salvage the 2015 deal to limit Tehran’s nuclear ambitions. […] The top U.S. envoy...
  • After the bitcoin boom: hard lessons for cryptocurrency investors (Many are broke)

    08/25/2018 8:28:15 AM PDT · by NRx · 38 replies
    CNBC ^ | 08-20-2018 | Nathaniel Popper and Su-Hyun Lee
    SAN FRANCISCO — Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter. Now, eight months later, the $23,000 he invested in several digital tokens is worth about $4,000, and he is clearheaded about what happened. "I got too caught up in the fear of missing out and trying to make a quick buck," he said this week. "The losses have pretty much left me financially ruined." Mr. Roberts, 28, has a lot of company. After the latest round of big price drops, many...
  • Russia, China, Iran pulling away from dollar, euro, in oil trade in bid to undercut U.S. sanctions

    08/23/2018 12:41:22 PM PDT · by SleeperCatcher · 30 replies
    Great Power War ^ | 8/22/18 | USA Featurs
    As the Trump administration tightens sanctions against Iran and Russia, and as the imposition of tariffs against China as a means of negotiating a more favorable trade arrangement continue, all three nations are moving away from the U.S. dollar primarily when it comes to oil sales, as a way of circumventing the punitive measures. “There is a common understanding that we need to move towards the use of national currencies in our settlements. There is a need for this, as well as the wish of the parties,” Russian Energy Minister Aleksandr Novak said earlier this month when discussing the move....
  • Venezuela 'paralysed' by launch of sovereign bolivar currency

    08/21/2018 5:03:49 PM PDT · by Libloather · 30 replies
    BBC ^ | 8/21/18
    Venezuela came to a standstill on Tuesday as the country tried to deal with its newly introduced currency. Thousands of businesses closed in order to adapt to the "sovereign bolivar", and many workers stayed at home. President Nicolás Maduro launched the new banknotes on Monday, revaluing and renaming the old bolivar currency. The government says this will tackle runaway inflation, but critics say it could make the crisis worse. The notes went into circulation on Tuesday.
  • This floating ‘utopia’ will have its own government and cryptocurrency by 2022

    07/09/2018 9:29:16 AM PDT · by qaz123 · 40 replies
    The Sun ^ | 6th July 2018 | Saqib Shah
    THE WORLD'S first floating city will boast its own government and cryptocurrency when it lays roots in the South Pacific in 2022, claim its backers. Building work on this isolated "utopia" will begin next year following the signing of an agreement with French Polynesia's government in 2017. The floating town is the brainchild of the Seasteading Institute, a non-profit co-founded by tech billionaire Peter Thiel (who sits on Facebook's board and is a former adviser to US President Donald Trump). It's teaming up with a private entity called Blue Frontiers to build 300 houses on a seaborne platform off the...
  • Venezuela says it is refining gold in Turkey following sanctions

    07/29/2018 10:27:50 AM PDT · by ameribbean expat · 25 replies
    CARACAS, July 18 (Reuters) - Venezuela’s central bank this year began refining gold in Turkey following a wave of international sanctions that have left it unwilling to carry out such operations in Switzerland, the country’s mining minister said on Wednesday. The central bank for several years has been buying gold from small miners in the south of the country and refining it to be used as monetary gold to shore up its international reserves that have tumbled as the country’s socialist economy implodes. “This is an agreement established with Turkey and the Venezuelan central bank,” said Victor Cano in a...
  • Buried news:Colombia's poor rejected socialism...time, out of a credible fear of 'another Venezuela'

    06/19/2018 4:55:25 AM PDT · by simpson96 · 8 replies
    American Thinker ^ | 6/19/2018 | Monica Showalter
    Sunday's election of a hard-core conservative in Colombia has left the media elites and their pundits befuddled. Some are calling Ivan Duque, the 41-year-old new conservative president-elect a 'populist' as if to suggest that both President Trump and the late unlamented Venezuelan strongman, Hugo Chavez, are all dreadful peas in the same pod. Others are speculating that Colombia elected another Emmanuel Macron, as if France's youthful, namby-pamby president amounted to a comparable sea change that this election represents. We heard of the new president summed up as 'pro-business' by the Wall Street Journal, as if that was all he meant...
  • Colombia asked Trump to urge end to Russian support for Venezuela

    07/21/2018 7:24:23 AM PDT · by CondoleezzaProtege · 7 replies
    Colombia Reports ^ | July 16, 2018 | Adriaan Alsema
    Colombia’s President Juan Manuel Santos asked his American counterpart Donald Trump to urge Russian leader Vladimir Putin to stop supporting Venezuela’s government. Santos took to Twitter on Saturday to ask Trump to address Russia’s support for the authoritarian government of Venezuelan President Nicolas Maduro. The governments of both Colombia and the United States fiercely oppose Maduro. Russia, however, has been accused of helping Venezuela evade sanctions imposed by Washington DC. Furthermore, Venezuela’s military appears to have received thousands of Russian surface-to-air missiles, according to news agency Reuters. “To contribute to the crisis in Venezuela I am asking President Trump to...
  • Venezuela pegging its economic recovery to a cryptocurrency that’s widely considered a scam

    08/20/2018 10:09:35 AM PDT · by NRx · 65 replies
    CNBC ^ | 08-20-2018 | Kate Rooney
    Venezuela is doing something completely unprecedented. Some even say illegal. As part of an attempt to stop skyrocketing inflation, the country is issuing a new fiat currency called the "sovereign bolivar," which will be backed by a cryptocurrency. But that cryptocurrency, called the "petro," does not trade, and Venezuela's own parliament says it's being illegally used to mortgage the nation's cash-strapped oil reserves. "This is a smoke-and-mirrors operation typical of Venezuela — I'll believe it when I see it," said Steve Hanke, professor of applied economics at Johns Hopkins University and one of the world's leading experts on hyperinflation. "The...