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EBay May Introduce Bitcoin

Bitcoin has soared in popularity in the past week, but when it comes to spending your cryptocurrency there are very few merchants who accept it. This could be about to change though, as it seems that EBay is considering welcoming Bitcoin to it’s platform.  Despite being very well known for its PayPal payments, the online auction site has started adding more and more payment options in recent months. Although they were still keen for people to use PayPal to avoid potential scammers.  Despite its previous rocky relationship with cryptocurrency, the situation could now change. It is already possible to buy...

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Bridging The Gap Between Cryptocurrencies And Institutional Investment

The launch of Bitcoin on the Chicago CBOE Futures Exchange earlier on in the week, showed that cryptocurrencies are increasing legitimately among the professional investment community. The move followed announcements from Nasdaq, which is the world’s second largest exchange that they too will offer similar crypto derivatives. Most of the traditional investment world is incredibly sceptical about cryptocurrencies, with many believing that they concept and venture will fail. In a recent interview, Lloyd Blankfein, who is Chairman and CEO of Goldman Sachs said Bitcoin would not work out thanks to its fluctuating value. Institutional investors on the whole do not...

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Hacked Starbucks Hotspot Used To Mine Cryptocurrency

A Starbucks store in Buenos Aires is unlikely to be top on your list of locations for you to find illegitimate mining of cryptocurrencies, but this is exactly what has happened. Caffeine lover Noah Dinkin got more than he bargained for, when he discovered that his laptop had been infected by malware after he had sat down to log onto the coffee shops free WiFi hotspot. The WiFi hotspot had been hijacked and infected with malware that syphons off processor power, which can then work out the calculations needed to generate and mine the cryptocurrency, all without the users knowledge....

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Man loses $22,000 in Cryptocurrency Scam

Chris Dejrit was hit by a car three years ago, which left him partially disabled. Due to him being unable to work, he invested the little money that he had left into Digital Currency. Dejrit claimed that “The returns are phenomenal.” However, when he was having problems buying a certain type of Cryptocurrency he called customer support. Or so he thought. “He needed access to my computer, so I gave him access to my computer and it was a big mistake. I gave him the password,” said Dejrit. Within minutes of giving access to the supposed customer support, his accounts...

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To Make Money, Bet Against Bitcoin

Despite Bitcoin taking over the headlines and getting bigger by the day, Jeffrey Gundlach, and investment guru is one of the few who is sceptical about all of the buzz that surrounds this virtual currency. He told CNBC; “We’re starting to see the big rock of silly season…This is the kind of nutty stuff. The fact we’re talking about it 24/7…If you short Bitcoin today, you’ll make money. Can it go higher? Of course.” He is adamant that he won’t ever invest in Bitcoin or any other cryptocurrency for that matter for fear that they will some day get hacked....

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