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9 selected articles

Commentary: Bitcoin's Value Explained | Fortune

By Spencer Bogart

December 18, 2017

Bitcoin is a different kind of beast that can be difficult for people to understand. New things usually are. And while Bitcoin is nearly nine years old, it represents a completely new type of asset. Let's break down what I perceive to be the three major components of Bitcoin's value:

Payments -- What people think of

As investors near the Bitcoin iceberg, the...

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Bitcoin's surge creates more cryptocurrency jobs - fortune.com

December 26, 2017

Bitcoin slump or not, one thing that has been on the rise this year: cryptocurrency jobs.

Amid growing interest in Bitcoin and its peers this year, with exchange owners CME and CBOE offering Bitcoin futures, Bitcoin- and blockchain-related jobs on LinkedIn have risen roughly 306% in the 12 months ending mid-November. Bitcoin's price has risen roughly 900% in the same period....

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Bitcoin Down 30%: Why Sharks Are Circling Now | Fortune

Bitcoin faced one of its biggest tests this week, losing almost a quarter of its value after the world's largest cryptocurrency reached a record high Monday.

The digital currency plunged as much as 30 percent on Friday, before paring losses, as this week's selloff entered a fourth day with increasing momentum. Other cryptocurrencies also tumbled: ethereum dropped as much as 36 percent and...

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Bitcoin: New Tax Law Eliminates Loophole | Fortune

By Jeff John Roberts

December 21, 2017

Bitcoin has defied financial gravity in 2017 but, in one respect, it's just like any other investment: Uncle Sam expects a cut of the profits when you sell it. And starting in 2018 it will get a little harder to avoid paying up.

That's because the major tax reform passed in Congress this week contains a tweak that eliminates an exemption for many "like kind...

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How to Buy Ripple: A Cryptocurrency Guide | Fortune

By Robert Hackett

December 27, 2017

Let us preface this by saying that this is not an endorsement for any cryptocurrency, Ripple or otherwise. The markets for these largely untested, unproven digital assets are extremely young and fickle--as evidenced by the recent bloodbath that's been taking place in the past day or so.

Amid this week's crash, Ripple has managed to avoid some of the wilder...

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Goldman Sachs Will Start Trading Bitcoin | Fortune

December 21, 2017

At least one of Wall Street's biggest firms is growing more comfortable with cryptocurrencies.

Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier, two of the people said. Another said it's still...

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Bitcoin: Cryptocurrency Wallet Startup BitGo Raises $42.5 ...

With a wave of institutional investors expected to enter the Bitcoin game in coming months, safely storing cryptocurrency is becoming a top priority.

BitGo , a virtual wallet provider based in Palo Alto, Calif., said Monday it raised $42.5 million in venture capital fundraising as it gears up to service a hoard of new customers. The company helps secure digital assets held by hedge funds,...

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Twitter’s Best Reactions to the Great Bitcoin Crash | Fortune

-- WhalePanda (@WhalePanda) December 22, 2017

The Context

More substantively, commentators emphasized that the big correction still left Bitcoin in pretty good shape for the year.

BTC crashes to levels not seen in 2 weeks

-- zerohedge (@zerohedge) December 22, 2017

Bitcoin has "crashed" 30% SIX TIMES in 2017. Each "crash" has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. Bitcoin...

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Goldman Sachs Advises Clients About Bitcoin | Fortune

Goldman Sachs Group Inc. is acknowledging that it's getting harder for institutional investors to ignore the cryptocurrency market with total assets ballooning to $120 billion and bitcoin soaring more than 200 percent this year.

"Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are), real dollars are at work here and warrant watching," analysts including...

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