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Stripe, a digital payments provider, took a pioneering role with bitcoin in 2015 when it introduced a tool that allowed merchants to accept bitcoin. This past April, the company discontinued the service. The company’s COO, Claire Hughes Johnson, told Fortune’s Brainstorm Tech conference Tuesday that the reason behind the firm’s abandonment of BTC is that blockchain-based payment services are...
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Tomorrow morning at 10 am EST the eyes of the world will turn to Russia as France and Croatia duke it out in the final game of the World Cup. The last World Cup in 2014 was watched by almost 3.2 billion people and the world’s population has grown by almost half a billion since then....
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The bitcoin price took a sharp turn back toward the $6,000 mark on Monday, reversing what had been a significant early-day rally for the flagship cryptocurrency. Earlier this morning, the bitcoin price had recovered back as high as $6,245 on Bitfinex after descending as low as $5,755 on Sunday. That mark had represented a year-to-date low for...
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US Senate candidate Austin Petersen received a $130,000 bitcoin donation but was forced to return it due to federal regulations governing campaign contributions. Petersen, a Republican who is hoping to unseat incumbent Missouri Sen. Claire McCaskill during the mid-term election in November, said that an enthusiastic supporter attempted to donate $130,276 worth of bitcoins (~20...
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A French national has pleaded guilty to selling narcotics on the dark web after police were able to trace his criminal activities through his bitcoin accounts. Police arrested 36-year-old Gal Vallerius in September at the Atlanta airport in the US while traveling to attend a beard and mustache competition, according to Bleeping Computer. Investigators said Vallerius,...
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An Italian court has seized bitcoin wallets belonging to shuttered cryptocurrency exchange BitGrail as part of the company’s bankruptcy proceedings. BitGrail disclosed that its assets had been seized in a statement dated June 15, explaining that it had turned over the bitcoin wallets on June 5 in response to an order from the Tribunal of Florence. From the statement:...
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When the bitcoin price declined from nearly $20,000 in Dec. 2017 to below $6,000 during the first quarter of 2018, many observers blamed new investors whose shaky hands had never endured a true bear market. However, new research from blockchain analytics firm Chainalysis suggests that it was long-term investors, hands calloused from years of holding though they may have...
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John Hyland, the global head of exchange-traded products for Bitwise Asset Management, told ETF.com he believes the Securities and Exchange Commission could soon approve a cryptocurrencyETF. Hyland, who played a key role in developing the first commodity and oil ETFs in his role as CIO at United States Commodity Funds, hopes to introduce some of the first crypto ETFs. Last...
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The valuation of the cryptocurrency market has dropped by more than $9 billion over the past 24 hours, as major cryptocurrencies such as bitcoin, Ethereum, Ripple, Bitcoin Cash, and Cardano declined in the range of 2 to 5 percent. Minor Movement Yesterday, on June 7, CCN reported that the cryptocurrency market has stabilized to an...
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JP Morgan chief executive Jamie Dimon continues to Wall Street’s biggest bitcoin critic while legendary investor Warren Buffet joins the hate wagon. Jamie Dimon and Warren Buffett have been spending time together this week. As two of Wall Street’s highest-profile figures, the two billionaires penned a joint editorial in the Wall Street Journal on Wednesday, offering their...
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