The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong

By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday, The post The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong appeared first on CCN

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Russia Denies Buying $10 Billion in Bitcoin, Telegraph Story Fake News

Russia is not planning to buy $10 billion in bitcoin this quarter, according to an official with the Russian State Duma. Elina Sidorenko, chair of the Duma’s cryptocurrency group, says the rumors are nonsense. “This statement has no common sense,” Sidorenko told ForkLog. “The Russian Federation — like any other country in the world — is simply not The post Russia Denies Buying $10 Billion in Bitcoin, Telegraph Story Fake News appeared first on CCN

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Twitch Streamer Receives a Donation of 20 Bitcoins while Playing Runescape

An anonymous donor surprised popular Twitch streamer Sick Nerd with a donation of 20 bitcoins. He was streaming Old School RuneScape at the time to his 109,000 followers. Twitch Streamer Nets a Large Bitcoin Donation Initially, Sick Nerd received a donation of 4 BTC. He received more BTC throughout his stream. While the gamer at The post Twitch Streamer Receives a Donation of 20 Bitcoins while Playing Runescape appeared first on CCN

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Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between. The authors, David Andolfatto and Andrew Spewak, conclude that one of The post Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price appeared first on CCN

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10 Years Ago Today, Hal Finney Started ‘Running Bitcoin’

Hal Finney is one of the people many suspected to be Satoshi Nakamoto. A long-time cryptographer and cypherpunk, Finney was the first person ever to receive a Bitcoin transaction. From Satoshi Nakamoto. He was enthusiastic about the project from the beginning. He posted the first known tweet about Bitcoin ten years ago today: Running bitcoin The post 10 Years Ago Today, Hal Finney Started ‘Running Bitcoin’ appeared first on CCN

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Bitcoin Surges 5% in Minutes: Can it Lead to Bigger Rallies This Month?

The Bitcoin price has surged by six percent on the day to $4,070, breaking out of the $4,000 mark comfortably for the first time since Christmas Eve. Bitcoin’s strength does not convince many traders of a big short-term bull rally. Could Bitcoin Engage in Bigger Rallies in January? With a 20 percent increase in its The post Bitcoin Surges 5% in Minutes: Can it Lead to Bigger Rallies This Month? appeared first on CCN

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Major Bitcoin Exchanges Accused of Faking Volume: Who’s Trustworthy?

A blockchain data research firm has released a damning report which accuses several major cryptocurrency exchanges of engaging in unscrupulous activities aimed at faking bitcoin trading volumes. According to the Blockchain Transparency Institute (BTI), only three cryptocurrency exchanges of the dozens surveyed  — namely Binance, Bitfinex, and Liquid — were found not to be “grossly The post Major Bitcoin Exchanges Accused of Faking Volume: Who’s Trustworthy? appeared first on CCN

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Can the OTC Market Actually Have a Significant Impact on the Bitcoin Price?

The over-the-counter (OTC) market has long been considered to be bigger in size and volume than the crypto exchange market, having a bigger impact on the Bitcoin price. Large institutional investors and high profile retail traders often rely on the OTC market for orders that typically exceed $1 million to ensure the market has enough liquidity … Continued The post Can the OTC Market Actually Have a Significant Impact on the Bitcoin Price? appeared first on CCN

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