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bitcoin prices


For a cryptocurrency exchange that has seen its bitcoin price trade at a market premium since launch, the spike to nearly $9,000 on the WEX exchange on Wednesday was an outlier. Some background: in July of last year, U.S. and international law enforcement took aim at BTC-e, the long-running – and long-mysterious – cryptocurrency exchange. …

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Researchers from the U.S. Federal Reserve Bank’s San Francisco division believe that the launch of bitcoin futures on several marketplaces in the U.S. last December played a role in a subsequent slump in the cryptocurrency’s price. According to a research paper published on Monday, the authors  – including three researchers from the Federal Reserve Bank …

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Investment banking giant Goldman Sachs will use its own money to trade bitcoin futures on behalf of its clients, according to the New York Times. The Times reported Wednesday that while the exact launch date of the new trading operation is not yet set, the move came after the bank’s board of directors signed off on …

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MarketWatch, the news publishing unit of Dow Jones Media Group, announced Wednesday that it will begin tracking the market moves of eight additional cryptocurrencies. On Wednesday, the company said that on top of its bitcoin tracking tool, MarketWatch will display information for ether, XRP, bitcoin cash, litecoin, ether classic, monero, dash and zcash. The website has …

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A well-known economist has predicted a steep drop in the price of bitcoin over the long-term. Kenneth Rogoff, a Harvard professor and former chief economist at the International Monetary Fund, said on CNBC’s Squawk Box program on Tuesday that he expects a fall to as low as $100 over the net decade. Rogoff remarked on the …

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The top securities regulator in Massachusetts told CNBC yesterday that the bitcoin market is “entirely speculation.” “It doesn’t pass the smell test,” said Secretary of the Commonwealth William Galvin, whose responsibilities include overseeing the state’s securities division. He warned: “It’s also subject to manipulation, because no one can explain it, no one can control it.” …

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The price of bitcoin is down more than percent from the all-time high of nearly $20,000 reached this past weekend, market data shows. Prices fell to as low as $14,502 during today’s trading session, according to CoinDesk’s Bitcoin Price Index (BPI), about 25 percent from the all-time high of $19,783 reported on Dec. 17. Overall, …

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Bitcoin’s price “feels speculative,” according to the chief equity strategist for Nuveen Asset Management. Speaking with CNBC today, Nuveen’s Bob Doll made the remark, becoming the latest traditional finance analyst to point to the speculation in the market. Doll’s comments were driven by bitcoin’s surge to a new all-time high, following its jump above $9,000 this …

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