India’s Central Bank Considering Creating Digital Rupee, Dislikes Bitcoin

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India’s Central Bank, the Reserve Bank of India (RBI), is considering the possibility of issuing its own digital fiat currency as an alternative to Bitcoin, according to Economic Times. The bank expressed its displeasure with cryptocurrencies such as Bitcoin, calling them “private currencies.” According to the central bank’s executive director […]

Bitcoin’s Price Declines Anew, Hits Three-Week Low

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The price of Bitcoin price has declined below the $4,000-level, extending its losses in overnight trading to reach a three-week low of $3,275. This represents a 35% drop from its high of $5,000. Put differently Bitcoin is now trading virtually flat month-on-month for the first time since mid-2017. Possible reasons […]

Man Using £1 Mln Worth of Stolen Bitcoin to Fund Luxurious Lifestyle

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A 30-year-old man from Bath, England has denied eight charges of fraudulent activities involving the use of Bitcoin. The accused, Ryan Kennedy, was arraigned at the Bristol crown court on September 11, The Sun reports. Highly sophisticated While there had been already many cases of Bitcoin scams for the past […]

China’s Blockchain Industry Will Continue to Grow: Qtum aka “Ethereum Killer”

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Blockchain technology has huge potential to transform business models, but a large part of this potential is still untapped. While Ethereum is leading the smart contract platforms, other platforms such as Qtum and NEO are also contributing to the growth of Blockchain integration into the business world, by offering their […]

Russia Central Bank Categorically Against Regulating Crypto as Money

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Russia central bank head Elvira Nabiullina has said it is “categorically against” regulating cryptocurrency money, or equating it with foreign currency. Speaking at a forum organized by a group of Russian banks, Nabiullina, who previously said she is against cryptocurrency appearing on the Moscow Stock Exchange, warned about so-called “cryptomania” […]

Bitcoin Price Will ‘Explode’ But Adoption ‘Won’t Happen’: Allianz Chief Economist

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Bitcoin’s price will “explode” but mass adoption is “not going to happen,” Allianz’s chief economic advisor has said. Speaking on US media network CNBC’s Squawk segment, Mohamed El-Erian told a panel that Bitcoin should be worth half or one third of its then $4000 price. “The current pricing assume massive […]