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Bitcoin price: Why is bitcoin dropping today? | City & Business | Finance

BTC kicked off trading today at $11,348.02 (£8,229.58), before a steep sell-off just after midnight saw prices fall $1,000 (£725.20) in three hours, according to CoinDesk. Bitcoin struck out at $10,491.63 (£7,608.53) around 4am, marking the lowest BTC price in more than a month. CoinTelegraph analyst Rakesh Upadhyay argued that …

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Bitcoin Lotto: Win bitcoin on the lottery – How does it work and how to enter? | City & Business | Finance

Bitcoin’s (BTC) price has skyrocketed over the past 12 months, with one coin now worth about £11,000 ($15,000). And with the digital currency seeping further into the mainstream, Lottoland has jumped on the bitcoin bandwagon.  The online lottery ticket outlet is now offering users the chance to win 1,000 BTC …

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Bitcoin price: New cryptocurrency Ripple building up to take over | City & Business | Finance

Bitcoin price continued to drop after the Christmas holiday’s fiasco when virtual wallet holders saw the cryptocurrency declining for four consecutive days. And the bitcoin craze could be facing further falls after Ripple Labs CEO Chris Larsen announced plans to work alongside regulators to create a safer cryptocurrency trading system. …

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Pound V euro: GBP edges lower as UK factory activity slips further than expected | City & Business | Finance

GBP/EUR is currently at around €1.124, down by around 0.4 per cent from this morning’s starting levels. According to figures published by IHS Markit, UK factory activity slowed last month, with the manufacturing index sliding from a multi-year high of 58.2 to 56.3 – a more modest dip to 58 …

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European Central Bank: Bitcoin threatens Europe’s financial stability | City & Business | Finance

Yves Mersch, a member of the executive committee of the European Central Bank (ECB) said bitcoin and similar unregulated cryptocurrencies pose a real risk to the established financial order.  In an interview with the German newspaper Boersen Zeitung, Mersch warned the entirely speculative nature of bitcoin’s value was a ‘cause …

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Ethereum will be next BITCOIN – Flexible and smart digital cash to SOAR | City & Business | Finance

Ethereum is the second largest cryptocurrency, currently trading at an all-time high of $850 while its market capitalization is $82 billion, according to CoinMarketCap.  And Oliver Isaacs believe the digital currency could become as successful and profitable as the larger bitcoin, with has even off at around $19,000 after trading …

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