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Cryptocurrency chaos as China cracks down on ICOs

hina’s move last week to ban initial coin offerings (ICO) has caused chaos among start-ups looking to raise money through the novel fund-raising scheme, prompting halts, about-turns and re-thinks. FILE PHOTO: Cryptocurrencies are seen on a website that tracks the value of initial coin offerings (ICO) in this illustration photo …

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Bitcoin drops to three-week low on profit taking

Bitcoin fell to a three-week low on Thursday as investors took profits partly in response to a bearish report from Goldman Sachs as well as concerns about a Chinese bitcoin miner’s plan to undertake a “hard fork” that will result in a split in the digital currency. A Bitcoin (virtual …

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Park and Higo were drawn into bitcoin by friends. Others are attracted through seminars, social media groups and blogs penned by amateur investors. A man is reflected in an electronic board showing the graph of the recent fluctuations of the Tokyo Stock Price Index (TOPIX) outside a brokerage in Tokyo, …

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Fretting over savings, Mrs Watanabe turns to bitcoin

Long the preserve of geeky enthusiasts, bitcoin is going mainstream in Asia, attracting Mrs Watanabe – the metaphorical Japanese housewife investor – South Korean retirees and thousands of others trying to escape rock-bottom savings rates by investing in the cryptocurrency. Asia’s moms and pops, already regular investors in stock and …

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ECB’s Nowotny: Bitcoin unstable, too vulnerable to speculation

European Central Bank governing council member Ewald Nowotny warned against accepting bitcoin as an official payment method, saying the digital currency lacked stability and was too vulnerable to speculation. Ewald Nowotny addresses a news conference in Vienna, Austria, June 9, 2017. REUTERS/Leonhard Foeger Many governments around the world are considering …

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