Bitcoin News Summary – November 11, 2019

   In Canada, the British Columbia Securities Commission has taken control over the troubled Einstein Exchange, which owes over $12 million to users. At the end of October, Einstein announced that it would suspend services in the coming months, but the government agency seized the company before those plans could be implemented. According to…

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Bitcoin News Summary – November 4, 2019

   Bitcoin futures exchange, BitMEX accidentally compromised user privacy, when it sent out a mass email to clients revealing all their email addresses to each another. Shortly after BitMEX warned its users about the email leak, hackers briefly took over its Twitter account too. The exchange claims, that although its Twitter account was hacked,…

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Bitcoin News Summary – October 28, 2019

Here’s what happened this week in Bitcoin.  Bitcoin had a real roller-coaster week. The price dropped like a stone on Thursday, falling to five-month lows of just over $7,000, only to bounce back to over $10,000 on Saturday. This 40% price surge represents the biggest daily gain since 2011. In China, President Xi Jinping…

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Bitcoin News Summary – October 21, 2019

Here’s what happened this week in Bitcoin.  It was not a good week for Facebook’s Libra project – again. Hotel reservation company, Booking.com, joined PayPal, Visa, and Mastercard to become the 7th major company to exit the project. Furthermore, a US Congressman said Facebook should drop Libra and instead implement Bitcoin. Warren Davidson criticized…

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Bitcoin News Summary – October 14, 2019

Here’s what happened this week in Bitcoin.  Some of the biggest corporate backers of Facebook’s Libra currency have withdrawn from the project, dealing a major blow to Facebook’s plans for a global cryptocurrency. Visa, MasterCard, eBay, and Stripe have all followed PayPal’s lead in bowing out of the Libra Association, just prior to its upcoming…

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Bitcoin News Summary – October 7, 2019

Here’s what happened this week in Bitcoin.  Coinbase’s specialized exchange for advanced traders, Coinbase Pro, unexpectedly hiked its fees significantly. Beginning Monday, Coinbase Pro introduces a new tiered system whereby anyone trading under $10,000 per month will pay half a percent fee on every trade. Small traders are understandably unhappy with the new fee…

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Bitcoin News Summary – September 30, 2019

Here’s what happened this week in Bitcoin.  Crypto markets suffered a serious drop this week. Bitcoin led the market downwards, as it slipped below its support level of $10,000. Bitcoin’s falling dominance is perhaps a result of stablecoins holding steady during this market decline.  Binance.US, the American arm of cryptocurrency exchange giant Binance, has…

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Bitcoin News Summary – September 23, 2019

Here’s what happened this week in Bitcoin.  Financial giant, Wells Fargo is developing a U.S. dollar-linked stablecoin that will run on the firm’s blockchain platform. Dubbed Wells Fargo Digital Cash, the tokenized dollar will be used in a pilot for internal settlement across the company’s business.  Snowden’s new book, “Permanent Record,” sheds further light…

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