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Tag Archives: lost

Bitcoin has lost most of its value this year

print-edition iconPrint edition | Finance and economics Nov 29th 2018 ON DECEMBER 17TH 2017 the price of bitcoin on CoinMarketCap, a cryptocurrency exchange, neared $20,000. True believers hoped that was just the beginning. One analyst at a Danish investment bank predicted bitcoin could be worth $100,000 by the end of 2018. The year is not yet over. But as The ...

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How much value Bitcoin lost in 2018

2018 has not been a good year for the cryptocurrency market. Major tokens across the board have steadily plummeted over the course of the year, with investors losing faith in digital currencies’ ability to provide massive gains. Bitcoin – the world’s largest cryptocurrency – was priced at over $16,500 at the beginning of 2018, while as of 6 December it ...

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Have institutional investors lost faith in Bitcoin?

Have institutional investors lost faith in Bitcoin? – CNNMoney Switzerland Lewin Boehnke, head of research at Crypto Finance, talks about the reasons behind the big drop of Bitcoin. Ana Maria Montero UBS move in China doesn’t mean others will follow, says Daryl Liew Even if UBS or Allianz are now allowed to control their Chinese operations, Beijing will not accelerate ...

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Singapore Residents Targeted in Crypto Scams, $78,000 Lost Between September and November

Members of the Singapore public have been targeted by the online advertisements of scammers posing as crypto brokerage services. The victims have been duped out of around $78,000 between September and November of 2018. Familiar Scam Plagues Singapore Residents According to a report in domestic news source The Straits Times, Singapore authorities have been made aware of several cases of ...

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Vertcoin Hit by 51% Attack, Allegedly Lost $100,000 in Double Spending

A bitcoin-replica launched with an aim to discourage miners from forming pools and gain a monopoly over its network has been compromised. Mark Nesbitt, a security expert, revealed that the blockchain of Vertcoin, a peer-to-peer PoW cryptocurrency, is under a 51% attack. The Coinbase engineer found that some anonymous cybercriminals rented a large amount of ASIC hash rate to attack the ...

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Galaxy Digital Lost $136 Million in the First Three Quarters of 2018

Mike Novogratz‘s crypto investment bank Galaxy Digital has lost $136 million in the first three quarters of 2018, Bloomberg reports Nov. 28. According to Bloomberg, Galaxy Digital’s realized and unrealized losses in Q3 amounted to $41 million, which when combined with the results of previous quarters, amounts to the firm being out $136 million so far this year. The firm’s ...

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Top Tech Stocks Lost More Than Entire Crypto Market Since ATH

The top five tech stocks collectively lost more than $1 trillion in market value from its 52-week highs on Tuesday, which is more than what the whole crypto market lost since its all-time high. FAANG, a combination of Facebook, Apple, Amazon, Netflix, and Google, was trading in a bear market. Nevertheless, investor sentiment continued to discourage the tech stocks from ...

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Network Fights Low Speeds and Threat of Lost Funds

Fraud, inefficient and expensive systems, a lack of transparency and slow transactions at busy times are a reality for many business networks around the world – inconveniencing merchants, their customers, and even the middlemen tasked with processing their transactions. Volume limitations have also frustrated retailers who may have considered turning to crypto, while a lack of security has deterred the ...

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