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At press time, the father of cryptocurrencies hasn’t moved from its previous position, and is still trading for approximately $6,100. It’s disappointing in the sense that everyone wants bitcoin’s price to spike, but it’s also a positive sign that bitcoin is not dropping any further… At least for now. Forbes contributor Peter Tchir attributes bitcoin’s … Read more
At press time, bitcoin has fallen by another $100, and is now trading for $7,200. The bears continue to control the market as the cryptocurrency arena has thus far lost over $150 billion from its May high. Recently, it was announced that the U.S. Justice Department was opening an investigation into the manipulation of cryptocurrency … Read more
The Commodity Futures Trading Commission (CFTC), the industry’s main regulatory arm, reports a net increase in short contracts; volume is sluggish, and a legacy bank has now outright forbid clients and advisers from trading in the relatively new product. While it is too early in the experiment to draw definitive conclusions, bitcoin futures might not be … Read more
