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Money

Bitcoin Skyrockets above $1800 – A New All-time High

May 11, 2017 CNBC 1

In April, Japan passed a law recognizing Bitcoin as a legal method of payment and put in place capital requirements, cybersecurity regulations, and annual audits. There is speculation that Japanese banks will start trading Bitcoin as a currency. The value of Bitcoin has surged 81% since the beginning of the year.

Money

Bitcoin Dipped 35% On News It Will Not Be Publicly Offered

March 13, 2017 Jen Wieczner, Fortune 0

Last week, the price of Bitcoin fell from an all-time high of more than $1300, and dipped below $980, a decline of 35%. The drop was due to a decision to reject admission of Bitcoin to the stock exchange as an ETF (exchange traded fund) that was designed by the Winklevoss twins to reduce volatility. Bitcoin’s value has rebounded.

Money

5 Ways Blockchains Can Bring Prosperity

March 6, 2017 Don Tapscott 0

Dom Tapscott explains how blockchain technology operates, not just in Bitcoin digital currency, but many other applications. Blockchain removes the middleman in a decentralized system and, by so doing, allows those at either end of value transactions to retain more of the benefit.