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Jeremy Allaire’s Circle Lays Off 10% of Staff amid Prickly US Regulation

By CCN: Bitcoin has been booming lately, but Circle, the parent company of crypto exchange Poloniex, announced yesterday afternoon that about 30 employees are leaving as part of “organizational changes.” Circle CEO Jeremy Allaire cited an increasingly burdensome regulatory environment in the United States as part of the impetus for the move. Today we made […]

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Year of the Bear: Making Sense of the Bitcoin, Stock Market Downturns

The sell-off in US stocks which began in October is establishing 2018 as the worst year the market has encountered in a decade. As of December 28, the S&P 500 index was down about 7 percent on the annual and 15 percent from its high. Other indexes, including the Dow Jones and the Nasdaq, also […]

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Bitcoin Hits $4,000 But Retraces, is Another Drop to Mid-$3,000 Next?

On December 29, the Bitcoin price briefly surpassed $4,000, initiating a promising rally from around $3,600. In the past 24 hours, the value of Bitcoin has retraced from $4,000 to $3,800, falling to $3,688 at the day’s lowest point. The decline in the Bitcoin price led other major crypto assets such as Ripple (XRP) and […]

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Paxos Standard Hassling Ethereum Traders Trying to Redeem Stablecoin PAX for Dollars

The source for this article wishes to remain anonymous. He is one of multiple sources this reporter has spoken to recently. All of them are relatively large-scale traders who have used Paxos Standard. They are a group of five traders. They trade in the millions of dollars per week via multiple exchanges including Binance and […]

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Cryptocurrency Exchange Kraken Adds Bitcoin Cash and Ripple Margin Trading

Kraken has added Bitcoin Cash (BCH) and Ripple (XRP) to Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT) bringing its margin trading offering to a total of eight cryptocurrencies. Margin trading of all eight will be available on all of Kraken’s platforms. The latter site boasts an improved user […]