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Bitfinex and Tether hit back at mismanagement claims

Bitfinex, the largest cryptocurrency exchange, and Tether, which issues dollar-pledged cryptocurrency, have finally broken their silence. A spokesperson for both companies yesterday blamed "questionable actors" for causing doubts about them. He expressed the commitment of Bitfinex to being the "most transparent cryptocurrency exchange". He also slammed the biggest Bitfinex critic "Bitfinex'd" for being an anonymous social media user who makes allegations without even revealing his/her own identity. Conversely, he explained that Bitfinex is transparent and led by a strong team of managers - though, interestingly, he did not name any of those managers, and their names are not listed on...

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Famous faces that believe in Bitcoin

Bitcoin has been one of the huge talking points of the last couple of years, and is a topic of debate between famous faces. Some say to stay well clear, and some put faith in that bitcoin will change how currency is used in this modern day. Below is a list of famous faces that believed in Bitcoin: Bill Gates Co-founder of Microsoft, investor and philanthropist “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions,...

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Africa to welcome ICO investments

In recent cryptocurrency news, African countries have welcomed ICO investments. It would seem that many with an interest in the countries that make up this fantastic continent hope ICOs can provide a platform for Blockchain based start-ups to flourish. Bitcoin is out of reach for the ordinary African While Bitcoin is the premier digital currency at the moment, the high-price this has brought about leaves it out of reach for most working Africans. In Nigeria for example, the average daily wage is around N800 ($2) - one Bitcoin costs N3 million! This is the case in many African countries and...

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Indian investors attracted to Bitcoin boom

Digital currency exchanges in India claim that investment in Bitcoin has increased significantly in recent weeks, as the cryptocurrency surpasses the $11,000 mark on November 29. This unprecedented rise in interest from Indian investors happens despite rumours that the Indian central bank may soon declare cryptocurrencies illegal. Unocoin CEO Sathvik Vishwanath stated that the number of traders to register on their platform in the last month reached around 200,000, thanks largely to a surge in the interest in Bitcoin. He said that it took the company around three years to acquire 100,000 registered customers, but in the last month a...

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Uphill battle continues for price of Bitcoin Gold

The price of Bitcoin Gold continues its bearish trend, still below $320. It continues to hold $250, but the risk of further declines is still prominent. There seems to be no reprieve for the Bitcoin Gold price, which has plummeted recently close to the $250 support area. Its recent low was recorded at $252.44. There was an upside move, but that met resistance from the $300 mark as buyers failed to force it through the barriers of $300 and $310. The recent 50% Fib retracement level, from $346 high to $252 low was also a major stumbling point. Furthermore, a...

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