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Tag Archives: Bitcoin

L.I. woman charged with trying to fund ISIS through bitcoin scam

A Long Island woman tried to bankroll ISIS through fraud, bitcoin and shell companies, Brooklyn federal prosecutors said Thursday. Zoobia Shahnaz conned financial institutions out of about $ 85,000 — including about $ 60,000 in bitcoin and other digital currencies ...

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The Shift: I Was Wrong About Bitcoin. Here’s Why.

“The disparity between virtually no merchant acceptance and Bitcoin’s rapid appreciation is striking,” a team of Morgan Stanley economists wrote earlier this year. As it turns out, while few people want to use Bitcoin as a currency, plenty want to ...

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Bits: Farhad and Mike’s Week in Tech: The Big Bitcoin Boom

It kind of feels like those stories I heard years ago about hyperinflation in Zimbabwe, where people would cart around wheelbarrows of cash that wouldn’t be worth the paper they were printed on. But, uh, I guess the opposite of ...

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Bitcoin Hasn’t Replaced Cash, but Investors Don’t Care

But disagreements within the Bitcoin community are being watched closely by central bankers and financial industry executives. The titans of finance are monitoring Bitcoin’s successes and failures as they experiment with its technological concepts, like the ledger for recording virtual ...

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Coinbase: The Heart of the Bitcoin Frenzy

Advertisement SAN FRANCISCO — The booming stock market of the 1920s had the New York Stock Exchange. The tech bubble of the 1990s had Nasdaq and E-Trade. And the virtual currency market of the last year has had Coinbase. Coinbase ...

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As Bitcoin Scrapes $10,000, an Investment Boom Like No Other

On American exchanges, the price was hovering around $ 9,700 on Monday. The skyrocketing price has brought forth no shortage of skeptics, from Jamie Dimon, the chief executive of JPMorgan Chase, to Warren E. Buffett, who have variously called it ...

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Warning Signs About Another Giant Bitcoin Exchange

In the latest blow, on Tuesday, an alternative virtual currency that is owned and operated by the same people as Bitfinex, known as Tether, announced that it had been hacked and lost around $ 30 million worth of digital tokens. ...

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Mike and Nathaniel’s Week in Tech: Everybody Loves Bitcoin

Now, you’ve written a bit about Square over the past year, including how the company was set to surge past the market cap of Twitter, Dorsey’s other beloved company. What should I make of this move? Is it something significant ...

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Hedge Funds Push the Price of Bitcoin to New Highs

Now market watchers say a significant amount of the new money is coming from large institutional investors, many of them hedge funds looking to capitalize on the skyrocketing price. Many of the hedge funds were set up over the last ...

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Bitcoin Bug Bites Japan and South Korea as China Clamps Down

“Japanese people tend to be very conservative with their investments, but once they get triggered they go all in,” said Yuzo Kano, the founder and chief executive of bitFlyer. In South Korea, trading ticked up after the country’s largest company, ...

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