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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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Bitcoin Cash surges again; lead developer declares Bitcoin dead

Bitcoin Cash has experienced another substantial growth surge as the cryptocurrency's lead developer announces the death of rival Bitcoin. This would appear to be Bitcoin life #191, as Deadal Nix tweeted on Tuesday when Bitcoin Cash began gaining momentum that the hard fork in August meant Bitcoin was already a non-entity. He claimed "Bitcoin...was split in two. There is Bitcoin Cash and Bitcoin Core. Deal with it." This came in response to a warning about Bitcoin Cash from a prominent online commentator. The Core community responded quickly, with Charlie Shrem pointing out that Nix describes himself as a "pro sh*tlord"...

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Is a bitcoin flash crash coming in 2018?

The history of flash crashes The flash crash that took place in May 2010 was named so as it was a crash of the United States stock market, at around 2.32pm EDT and lasted for approximately 36 minutes. In June of 2016, one minute after 4am EDT, as the European market was warming up for trading, gold suddenly plunged $18, or as much as 1.6%, to $1,236 an ounce before bouncing, on a massive surge in volume with over 18k contracts, or just over $2 billion national, trading in a seconds. A total of 18,149 lots were traded on Comex...

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