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Goldman Sachs opens its doors to Bitcoins

Lloyd Blankfein, the Chief Executive Officer of Goldman Sachs, has said that his company is open to trading in Bitcoins, even though he himself is not totally happy with the crypto currency. His comment was made during an interview with Bloomberg at the Sustainable Finance Innovation Forum held recently in New York. He qualified his statement by saying that although he feels a certain discomfort with Bitcoins, it is the same discomfort he experiences with any new innovation. Prompting his comments is the fact that CME Group has recently announced that they are considering launching Bitcoin futures, something that, if...

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As the CME Group announces futures trading on Bitcoin, will its value keep going up?

Mainstream trading and investing has for a long time looked askance at the Bitcoin and cryptocurrency trade. Digital trading has been at loggerheads with the concept of traditional stocks and futures, with many feeling that Bitcoin, Ethereum and other alt coins are too volatile to invest in. But change is coming, and the fact that on November 2nd the Bitcoin price went through the $7000 mark on the GDAX exchange, up from $5,750 on 28th October, is an indication of investors sitting up and taking notice. But this high point is partly the result of traditional and mainstream finance realising...

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Bitcoin shatters $7,000 threshold

We all knew that Bitcoin was having quite a year to date, but the way it smashed through the $7,000 barrier on Thursday 2nd November 2017 was just amazing. Already setting a new record high in previous days after moving past the $6,000 mark, the premier cryptocurrency is rewarding any investors who got on board early. An unreal five-day surge Although Bitcoin has had a pretty special year to date (you could pick it up around the $800 mark in January 2017), the way it has risen sharply over the last five days is really something. Beginning at around the...

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Using cryptocurrencies to help save the environment

Innovative and novel solutions to some of society's larger problems have emerged as businesses team up with cryptocurrencies. The latest is the UK based startup, The Blockchain Development Company (BCDC), who hope to improve the transparency of recycling, renewable energy and food industry supply chains, using their own cryptocurrency. Who are BCDC? With the sale of their own virtual currency, the BCDC token, they are hoping to focus on funding three projects: 1. Ecochain – the creation of an investment hub which enables private and public investors to directly finance renewable energy, like solar and wind power, throughout Europe and...

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The age of the SAFT

So far, 2017 has been the year of the ICO—the Initial Coin Offering—where anyone with the smarts to programme their own blockchain currency can raise funds from institutions and the public while offering absolutely no guarantees or legal promise of future rewards. It’s a Wild West casino, with many ICOs already proven to be money-raising scams, and so far this year $2.3 billion has been poured into the flourishing cryptocurrency ecoverse in the hope that another Bitcoin or Ethereum might be in the offing. It was only a matter of time before legal and fiscal scrutiny would be brought to...

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