Bitcoin Price Watch: Currency Breaks $7,000 as Charts Turn Bullish

At press time, the father of cryptocurrency has broken $7,000, which is about $300 higher than where it stood yesterday afternoon. This means that bitcoin jumped roughly 20 percent over the past two weeks, with gains of approximately $1,200 (the August low was $5,865). One source alleges that bitcoin short positions have grown exponentially over […]

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Bitcoin’s Volatility Renders it Useless as a Payment Method, Says Former PayPal CEO

Bill Harris has made clear his view on cryptos several times. The former PayPal CEO has in the past described Bitcoin as the ‘greatest scam in history’ and a massive ‘pump and dump scheme.’ Harris recently reiterated his stand, further claiming that all the praise that Bitcoin has been receiving as an efficient payment method […]

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Bitcoin Price Watch: Currency Spikes to $9,200

Bitcoin has jumped to just over $9,200. That’s a $400 increase from yesterday’s trading position of $8,800, and it appears the bulls are back in the game. The last 48 hours had everyone worried somewhat, with the currency experiencing a $500 drop from its recent high of $9,300. A whirlwind of phony deals and Mt. Gox maneuvers may have potentially led to a dip in the currency’s price, though it appears the worry and fear has largely dissipated thanks to some newfound regulatory steps in Europe. France – a country infamous for its maltreatment of bitcoin and related cryptocurrencies –

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Bill Harris Remains Convinced Bitcoin Is a Scam, but Does Anyone Care?

TheMerkle BitcoinPlug ATM Minimum PurchaseIt has been at least a full week since we last heard a highly controversial statement regarding Bitcoin and other cryptocurrencies. According to PayPal Founding CEO and Former Intuit CEO Bill Harris, Bitcoin is the greatest scam ever.  A statement like that from an individual who sees his business models threatened by cryptocurrency is not necessarily surprising. Even so, it has the cryptocurrency community up in arms yet again. Bill Harris Makes a Ridiculous Statement It is neither the first nor the last time someone will call Bitcoin a scam. In virtually all of these cases, the statement is a direct result of

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