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CNBC


Fewer than 100 out of 250,000 citizens, or 0.04 percent, who have filed federal tax returns this year to date via personal finance service Credit Karma reported cryptocurrency transactions to the US Internal Revenue Service (IRS), Reuters reported Tuesday Feb. 13. Credit Karma Tax General Manager Jagjit Chawla said that the company was not surprised …

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Jesse Powell, CEO of crypto exchange Kraken, told CNBC today, Feb. 13, that crypto traders must be responsible for the risks they take in investing in digital coins. During an interview at the World Government Summit in Dubai, Powell said that he sees consumers, not exchanges, as playing the primary role in risk evaluation: “I …

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Speaking to CNBC on Monday, Feb. 12, chief fintech officer of the Monetary Authority of Singapore (MAS) Sopnendu Mohanty said it will be “two years” before the central bank’s Blockchain project sees “real impact.” Discussing the state of its “Project Ubin” and cryptocurrency in general, Monetary Authority of Singapore (MAS) chief fintech officer Sopnendu Mohanty …

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Another Bitcoin prediction was made this week by Winklevoss twins – the famous Bitcoin billionaires. Bitcoin has “potential appreciation” of thirty to forty times its current value, Cameron Winklevoss claimed in an interview with CNBC on Wednesday, Feb. 7. At press time, the market capitalization of Bitcoin was just below $140 bln, following a huge …

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Yves Mersch, Executive Board member of the European Central Bank (ECB), referred to cryptocurrencies as a risk of “contagion and contamination of the existing financial system” during an interview with 4 Technology on Feb. 8. Both the traditional and crypto markets fell sharply at the beginning of this week, prompting responses from shaken financial institutions …

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The Dow Jones Industrial Average dropped more than 1,100 points Monday, Feb. 5 to its lowest point since 2011, while Bitcoin (BTC) also dipped below $7000 for the first time since November. The market dive took place around 2:40 pm EST, with reported trading volume at almost double the 30-day average, according to Bloomberg. While …

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Ran Neuner, the host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia, made a tweet Thursday, Feb. 1 claiming that Bitcoin will end 2018 at the price point of $50,000. The CNBC channel has been increasingly involved in cryptocurrency reporting over the past few months. On Jan. 8, the cable …

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Leo Blankfein, CEO of Goldman Sachs, refuted the Bloomberg report that Goldman Sachs will be opening a crypto trading desk in an interview with CNBC, although the New York bank has owned a stake in a crypto trading desk since 2015. In 2015, Goldman Sachs’ principal investment strategy group, which invests specifically in technology companies, …

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It has been a depressing fortnight for anybody reading various mainstream headlines touting the ‘end of Bitcoin’ and the arrival of the ‘crypto bubble’ crash. Unsurprisingly, the most recent cryptocurrency market slump has led to naysayers stepping onto their soapboxes, crying out messages of ‘I told you so’. Their rhetoric is not unfounded, given that …

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The mainstream media debate over Bitcoin as a success or failure approached live comedy this week after a “brawl” broke out between guests on a CNBC panel. In an exchange which ended an edition of the network’s increasingly notorious Fast Money segment, regular contributor and RiskReversal.com editor Dan Nathan told Evercore ISI technician Rich Ross …

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Yale economics professor and Nobel Laureate Robert Shiller has admitted in an interview with CNBC Thursday, Jan. 18., that he now “doesn’t know what to make of Bitcoin ultimately” after earlier calling it “the best example of a bubble”. In fresh comments Thursday, several months after he told host Brian Kelly it was Bitcoin’s “story” …

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Sheila Bair, former US Federal Deposit Insurance Corporation (FDIC) chair, told CNBC’s “Fast Money” on Friday, Jan. 19 that there is no precedent to ban Bitcoin (BTC) as an asset, but there is a need for additional regulation of digital currencies. Bair had previously written a December 2017 op-ed on Yahoo along the same theme …

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UK-based Blockchain.info, a digital wallet provider, has announced that they have begun offering users in 22 states the ability to buy and sell Bitcoin. According to the announcement, the company plans to continue adding services for US-based clients, including Ether and Bitcoin Cash exchanges in coming days. The move is being seen as a direct …

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Unlike the stock market, which is seeing its eight-year bull run thanks, in part, to institutional investors, crypto-markets are dominated by individual investors. This is evident by almost every metric. Crypto-exchanges, which are havens for individual investors, are overwhelmed. Popular crypto-exchange, Binance recently revealed that they added 250,000 new users in a single day. Kraken …

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Chinese e-commerce giant Alibaba has launched a surprise cryptocurrency mining platform, unconfirmed sources surfacing today claim. CnLedger, a Twitter-based local crypto news information provider, relayed the report from Chinese Internet service qq.com, stating Alibaba’s ‘P2P Nodes’ platform had “launched” after a registration in October 2017. According to the available material from cnLedger, Alibaba “may incorporate” …

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Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), expects the cryptocurrency market to recover after a prospective crash, as reported by CNBC. In an interview Monday, Jan. 15, Menon told CNBC: “I do hope when the fever has gone away, when the crash has happened, it will not undermine the much …

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Cryptocurrency mining is putting an undue amount of pressure on the electrical infrastructure of Douglas County, a small territory in Washington state, CNBC reports. Crypto miners are flocking to Washington to take advantage of the state’s cheaper electrical costs, creating a need for more data infrastructure to keep up with the higher energy demand. The …

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Cryptocurrency markets are on the up today, Jan. 12, with almost all of the top 20 coins on CoinMarketCap in the green, and the highest gain reaching almost 37 percent at press time. The market had been in the red as recently as Jan. 11, with almost $100 bln in losses in total market capitalization …

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While Bitcoin and various altcoins enjoyed a record-breaking 2017, chipmakers like Nvidia also benefited from the crypto boom. The graphics card manufacturer was the top performer on the S&P 500 in the chip manufacturer category, Overall, Nvidia’s share price saw a 100% rise in 2017 – and Goldman Sachs believes that growth will bubble continue …

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The Securities and Exchange Commission (SEC) has suspended trading of shares of UBI Blockchain. The regulator has issued the suspension based on: “(i) Questions of the accuracy of assertions…regarding the company’s business operations; and (ii) concerns about recent, unusual and unexplained market activity in the company’s Class A common stock since at least November 2017.” …

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