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Hotly anticipated bitcoin futures surge 21 percent on debut

A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration NEW YORK/SYDNEY: Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world’s largest cryptocurrency even…

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Bitcoin futures surge past $17,000 on launch day

SYDNEY: The front-month bitcoin futures contract XBTc1 on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of trading, reported Reuters. The January contract opened at $15,460 in New York on Sunday evening, before leaping to a high of $17,170 during Asian hours. They were last quoted at $17,120, a more…

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Bitcoin drops after dramatic gains ahead of futures launch

FILE PHOTO: A bitcoin sign is seen during Riga Comm 2017, a business technology and innovation fair in Riga, Latvia November 9, 2017. REUTERS/Ints Kalnins/File Photo LONDON/NEW YORK: Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the…

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Bitcoin plummets more than 12 percent to below $15,000

TOKYO: Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session, reported Reuters. Bitcoin was down 12.6 percent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $16,666.66. It was still…

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Bitcoin blows past $16,000, alarm bells ring louder

FILE PHOTO: Bitcoin (virtual currency) coins placed on Dollar banknotes, next to computer keyboard, are seen in this illustration picture, November 6, 2017. REUTERS/Dado Ruvic/Illustration/File Photo LONDON/NEW YORK: Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is…

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Bitcoin hits $15,000 for first time after fresh surge

London: Bitcoin ploughed past $15,000 to a fresh record on Thursday, triggering a warning the cryptocurrency was “like a charging train with no brakes” and prompting fresh concern about its looming launch on mainstream markets. It struck a new high of $15,242.99 around 1030 GMT, according to Bloomberg News. The rally came just a day…

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Digital currency exchange NiceHash says bitcoin worth nearly $64 million hacked

NEWS DESK: Cryptocurrency marketplace NiceHash said the contents of its bitcoin wallet had been stolen in a security breach and one executive said nearly $64 million had been lost, reported Reuters. NiceHash head of marketing Andrej P. Ĺ kraba told Reuters on Thursday that the hack was “a highly professional attack with sophisticated social engineering” and…

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Bitcoin touches its highest at $14,400 in Asian trade

SINGAPORE: Bitcoin hit a fresh record of $14,000 Thursday as investors piled in, triggering a warning the cryptocurrency was “like a charging train with no brakes” which would inevitably slip back. It touched a new a high of $14,400 in Asian trade before slipping back to $13,900, according to Bloomberg News. The rally came just…

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Bitcoin hits new record; climbs above $12,000

Singapore: Bitcoin smashed through the $12,000 barrier for the first time Wednesday, extending the virtual currency’s stratospheric rise to new records as it gears up to take its place on mainstream markets. The controversial cryptocurrency, which has been used to buy everything from a pizza to manicures, touched a new high of $12,590 in Asian…

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Winklevoss twins who sued Zuckerburg are now bitcoin billionaires

NEWS DESK: Cameron and Tyler Winklevoss, the identical twins famous for their legal battle with Mark Zuckerburg over the ownership of Facebook, have become bitcoin billionaires following a surge in value of the currency over the past year, according to The Telegraph. The Independent reported that the Harvard University-educated rowing brothers sued the Facebook founder…

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Bitcoin rebounds to $10,500 after U.S. regulator approves futures

Bitcoin rebounded on Friday to hit the day’s highs above $10,500, recovering from an earlier dip below $9,500, after the U.S. derivatives regulator said it would allow CME Group and CBOE Global Markets to list bitcoin futures. The announcement by the Commodity Futures Trading Commission (CFTC) paves the way for CME and CBOE to become…

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Bitcoin hits new records, heads for $10,000 as bubble fears grow

Bitcoin soared to fresh records Tuesday, putting it on course for $10,000, but the virtual currency’s stratospheric rise has fuelled fears of a bubble after a 10-fold increase this year. The cryptocurrency, launched in 2009 as a bit of encrypted software written by someone using the Japanese-sounding name Satoshi Nakamoto, has had a roller-coaster ride…

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Bitcoin hits record high after developers suspend plans to ‘fork’ currency

NEW YORK/LONDON: Bitcoin hit a record high just shy of $8,000 on Wednesday after a coalition of developers and investors suspended a software upgrade planned for next Thursday that could have split the digital currency in two, reported Reuters. In an email on Wednesday, the lead developer of the team planning to carry out the…

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Bitcoin plunges, recovers after China bans virtual fundraising

BEIJING: China’s decision to clamp down on bitcoin and other crypto-currencies has sent a shock through the world’s virtual currency markets, an indication of the power of the country’s investors in the exchanges. The bitcoin steadied Tuesday internationally after dropping sharply following Beijing’s decision to ban initial coin offerings. The central bank has decreed that…

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IBM seeks adopting bitcoin technology for currencies

NEW YORK: International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the “blockchain,” to create a digital cash and payment system for major currencies, according to a person familiar with the matter. The objective is to allow people to transfer cash or make payments instantaneously using this technology without a…

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Bitcoin sinks in value after FBI busts Silk Road drug market

SAN FRANCISCO: The price of the bitcoin digital currency dropped on Wednesday, after U.S. law enforcement authorities shut down Silk Road, an online marketplace used to buy and sell illegal drugs.The bitcoin, valued by many for its anonymity, fell to $129 from over $140 a day before, according to a website for trading bitcoins, Mt.Gox….

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