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Billionaire investor believes Bitcoin will hit 10K this year

Recent developments in Bitcoin’s progression in 2017 have left analysts speeding to revise any predictions that they had made in terms of Bitcoin’s downfall. Mike Novogratz, a long-term, billionaire investor in Bitcoin, strongly believes that Bitcoin’s growth has not peaked yet and that is will cross the $10,000 mark by the end of the year. Novogratz was an early investor in Bitcoin. In 2013, he purchased the currency for just $50 each and has publicly stated before that 10% of his life’s savings are invested in Bitcoin and Ether. Novogratz, ranked as a billionaire by Forbes in 2007 and 2008,...

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CBOE and CME release details of Bitcoin futures trading

It's been known for a while that the CBOE, or the Chicago Board Options Exchange, and the CME, or the Chicago Mercantile Exchange, have been planning on launching Bitcoin contracts. Both companies have now released some preliminary details about their upcoming futures trading products of the cryptocurrency. The CBOE released a statement announcing that they intend to offer Bitcoin futures products under the ticker XBT. CBOE will set the tick, which is the smallest possible price fluctuation, at $10, and the contracts offered will be 1 BTC. CBOE CFA Russell Rhoads has also had some interesting comments to make on...

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Award-winning producer announces plans for MovieCoin

The cryptocurrency craze is spreading to Hollywood this week, as award-winning producer Christopher Woodrow announces plans to create 'MovieCoin', which will be used to fund big budget films and will appreciate in value if and when the films are successful. Woodrow, who produced Hollywood hits Birdman and Black Mass, hopes to raise $100 million in the Initial Coin Offering in the first quarter of 2018. The idea behind MovieCoin, Woodrow claims, is to democratise the business of film financing. Other ICOs in the past have been used in similar ways to open up investment opportunities to common people who would...

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BNP Paribas warn of limit to Bitcoin's future

As Bitcoin continues to ride the wave of success in 2017, there have been many people and organisations warning of potential issues to come. The latest in this line is huge banking group BNP Paribas with their recent comments around the cryptocurrency. Lack of central bank could hamper Bitcoin In their recent reported comments, BNP Paribas has essentially highlighted the lack of a central bank as the major factor that could hamper Bitcoin's future progress. They believe the long-term future of the cryptocurrency to be limited, as there is no lender of last resort as you would usually have with...

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How to use Bitcoin

The general public, businesses and even traditional financial institutions are all taking an increasing interest in the world of crytocurrency. The benefits are becoming better understand and therefore it is growing in popularity. Not least as the early adopters - who seized early manifestations of Bitcoin - are now beginning to report fortunes made. However, Bitcoin is rising in usage not just due to potential investment opportunities. It is also an increasingly favoured method for buying and selling goods and services online. Impossible to counterfeit, it is also a universal currency system throughout the world. Transactions can be completed in...

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