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How a Crash in Bitcoin Price Could Tank the Stock Market
A crash in bitcoin prices could spill over into the broader stock market, according to Danielle DiMartino Booth, former Federal Reserve adviser and author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America.
Booth was a panelist on TheStreet's monthly Trading Strategies roundtable, which also featured:
Stephen Guilfoyle, co-manager of TheStreet's Stocks Under $10 model portfolio, author of our daily Market Recon column and a former New York Stock Exchange floor...
Related topics : bitcoin stock market price
Bitcoin Plummets as MtGox Continues to Halt Withdrawals
The price of bitcoin continues to fall on Monday after Tokyo-based bitcoin exchange MtGox said the virtual currency contains a bug that allows for fraud. MtGox said the bug causes problems when customers try to make transactions to a third party. The exchange said the bug makes it appear that the transfer did not go through, which can prompt multiple transfers unintentionally on behalf of the sender. The exchange halted bitcoin withdrawals over the weekend and said on Monday that...
Related topics : virtual currency exchange bitcoin / bitcoin price exchange
Million Dollar Listing Miami Star Says Buyers are Cashing in Bitcoin to Buy Real Estate
The bitcoin frenzy is now making its way into the real estate sector.
Samantha DeBianchi, founder of DeBianchi Real Estate, based in Ft. Lauderdale, Fla. and a cast member of Bravo TV's Million Dollar Listing Miami said some buyers are cashing in their bitcoin to buy real estate.
"There was someone in Texas who was buying a $4 million home and when he came to the closing table, he converted it to U.S. dollars," she said, adding that he made an extra $1 million on the cash-out and bought a...
Related topics : buy bitcoins with cash / bitcoin 1 million dollars
Here's Why Bitcoin Will Change the World's Economic Order
Bitcoin may currently trade in wild swings, but the technology behind the digital currency has the the potential to change the entire financial system, said Michael Casey, author of 'The Age of Cryptocurrency'. Casey added that Bitcoin is disruptive because it removes intermediaries and middlemen from the system by verifying the authenticity of a transaction. He viewed the Mt. Gox scandal where Bitcoin were stolen from the system as an opportunity for innovators to build new tools to make it...
Related topics : bitcoin new world order currency
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