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What's Wrong With Gold? - The Daily Reckoning

What's Wrong With Gold? - The Daily Reckoning
dailyreckoning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyreckoning.com Daily Mail and Mail on Sunday newspapers.

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Top cryptocurrency news on June 18: Major stories on Bitcoin, Dogecoin and digital cash

Top cryptocurrency news on June 18: Major stories on Bitcoin, Dogecoin and digital cash
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Has Bitcoin lost one of its biggest supporters?

Has Bitcoin lost one of its biggest supporters?
Issued on:
BUSINESS DAILY © FRANCE 24
6 min
The electric carmaker Tesla, run by Elon Musk, has stopped accepting payments in Bitcoin, due to the environmental impact of the cryptocurrency. It s a major blow for supporters of Bitcoin, as Tesla s endorsement of it as a payment method in February was one of the factors which pushed its price to record highs. The price of Bitcoin slumped up to 11 percent in the hours after the announcement. Also today, Germany s financial regulator orders extra supervision of the online bank N26. ....

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Ethereum flips Visa, Palantir goes all in on Bitcoin, and EOS comes to the party

Ethereum flips Visa, Palantir goes all in on Bitcoin, and EOS comes to the party
Crypto at a glance
After a brief dip yesterday, Ethereum has come roaring back to another new all-time high of more than $4,300 this morning. It now has a market capitalisation of just below $500 billion, which makes it the 16th largest asset in the world. That puts it above JP Morgan and Visa and means the smart contracts giant is now bigger than any bank. How much further can it climb?
Ethereum’s latest push puts its market dominance at over 20 per cent – the highest it’s been since February 2018. The swing away from Bitcoin comes as the leading cryptocurrency continues to trade sideways. It’s up three per cent over the last 24 hours to $57,000, remaining in that corridor between $50k-$60k where it’s spent much of the past three months. ....

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Bitcoin marks a significant step forward in trust for all of us

Bitcoin marks a significant step forward in trust for all of us
by Michael Haynes and Jason Carpenter of Etherbridge
“Bitcoin has no fundamental value” has long been the war cry for many traditional financial participants. This week we thought we could shed some light on this short-sighted mantra.
To highlight the clear value that Bitcoin affords, we first need to define what it is we are talking about.
So, what is Bitcoin?
Bitcoin is both a network and an asset. The Bitcoin network is a real-time gross settlement system comparable to Fedwire and Target. Settlement systems are the base layer of any financial system, and they leverage net settlement systems built on top to scale and provide utility to the day-to-day user. ....

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