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| Ex-banker cheerleads his way to cryptocurrency riches "At $0.50, risk/return felt right," tweeted Barry Silbert, founder and chief executive of a private New York-based company called Digital Currency Group, or DCG. It has turned out to be a great bet. The digital coin, ethereum classic, was trading this week at as much as $47 – more than 90 times higher ...
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| Bitcoin goes on wild ride and it may only get crazier After losses over the last few days, the digital currency fell as much as 30 percent overnight in Asia, and the action became so frenzied that the website Coinbase suspended trading. It later made up much of that ground, and slumped 9.5 percent to $14,042 Friday, according to the tracking site CoinDesk.
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| Bitcoin plunges 25pc in 24 hours in a cryptocurrency rout Million of investors in bitcoin were nursing heavy losses after the digital currency suffered its most volatile trading week in four years. From its recent peak, bitcoin has lost about $US110 billion ($143bn) of its total market value in less than a week, twice the market capitalisation of electric carmaker-battery ...
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Bitcoin loses nearly half its value in $187 billion wipe-out as crypto correction continues The correction has only wiped out about two weeks' worth of gains, bringing the currency back to December 6 levels. "I was there during the 2013 crash, so unless it drops more than 95 per cent again [I'm] not really fussed," Sydney investor Justin Zhu said. "I actually completely forgot about my bitcoin ...
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