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Swiss Central Bank chairman weighs in on Bitcoin

Thomas Jordan, chairman of the Swiss National Bank, has made a statement about cryptocurrencies at an event held in Basel on Thursday 23 November. Jordan said that central banks are keeping a very close eye on the issues of cryptocurrencies and that he would regard them "more as an investment than a currency". According to a report from Reuters, he also acknowledged that there are "many unsolved questions" around the subject. He also stipulated that central banks have a responsibility to consider the potential impact cryptocurrencies might have on the existing financial habitat. Indeed, at last year's Sibos conference in...

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Bitcoin Diamond has arrived with 4.2 billion coins

Friday 24 November saw the arrival of a brand new Bitcoin fork, but the 4.2 billion coins it has emerged with are already raising a number of questions. Bitcoin Diamond launched at block 495866, with the aim to transition from proof-of-work to proof-of-stake once the mining process is completed, which means after just 10,000 blocks. A strangely complex unveiling on Bitcointalk laid the path for the latest Bitcoin doppelgänger, which differs from other incarnations, like Bitcoin Cash and Bitcoin Gold, in that it has very little in common with Bitcoin itself. There is very little known about what Bitcoin Diamond...

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German bank jumps on Bitcoin-bashing bandwagon

In a tone that Bitcoiners are becoming increasingly familiar with, another prominent lending institution has warned everyday investors against putting capital into Bitcoin. This time it comes from Deutsche Bank and its chief strategist Ulrich Stephan. The anti-Bitcoin tirade is losing steam as some well-established Wall Street names start to warm to the digital currency. The banking sector, however, is choosing to continue approaching it with something akin to disdain. It makes sense that a hegemony like the banking industry would feel threatened by a new money system that could make them obsolete. But the constant warnings and fearmongering are...

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Chinese cash to boost Bitcoin?

In an effort to raise market sentiment, China has injected more than 810 billion Chinese yuan (approx. $130 billion) into its economy over a five day period. This move is intended to solidify the country's economy and give a boost to the national supply, but they may actually have just done their greatest enemy a favour. The Chinese government controversially banned Bitcoin exchanges and ICOs in September. Since then, it has been preoccupied with working to keep capital within Chinese borders. Consequently, the quashing of Bitcoin and other cryptocurrencies has been seen as a prudent measure. However, this killing blow...

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Ether and Bitcoin Cash experience big increases

Cryptocurrency investors were given a boost on Thursday, as the price of Ethereum and Bitcoin Cash both showed remarkable growth. The price of Ether surpassed $400 at one point in the day, while Bitcoin Cash showed an increase of almost one-third in value compared to Wednesday's figures. Bitcoin Cash's continuing fluctuations The value of Bitcoin Cash – still in its infancy after being forked in August - has proved erratic over the past week or so, fluctuating between $800 and $2,900 at various points. Last night's increase, from $1,150 to $1,620, is thought to have been caused by a significant...

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