Bitcoin Is One of the Few Things Surging in a Sea of Losses

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financial markets, Bitcoin is still flashing green. The biggest cryptocurrency climbed as much as 5.4 percent Tuesday to $9,412, the highest since March 7. Bitcoin has gained 20 percent in the past week and 37 percent in April, on track … Continued

Cryptocurrencies Retreat Amid Concern of South Korean Clampdown

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Bitcoin slumped to its lowest level since Christmas day as South Korea’s justice minister reiterated his proposal to ban local cryptocurrency exchanges, fueling concern a state crackdown will erode demand for digital coins in one of the world’s biggest markets. … Continued

Thiel’s Founders Fund Has Been Quietly Buying Bitcoin Since 2012

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Bitcoin has gained global fame in the past year, but it’s been popular at Peter Thiel’s venture firm since at least 2012. Founders Fund, Thiel’s San Francisco-based firm known for early bets on SpaceX and Airbnb, has been purchasing small … Continued

Goldman Is Setting Up a Cryptocurrency Trading Desk

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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 … Continued

Bitcoin’s First 24 Hours on Wall Street Feed Euphoria and Doubts

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Bitcoin’s triumphant debut on Wall Street hasn’t ended the financial industry’s skepticism. The new breed of futures contracts that launched on Cboe Global Markets Inc.’s exchange late Sunday quickly became a 24-hour microcosm of bitcoin’s own wild ride this year, marked … Continued