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US Treasury Secretary is Playing Mind Games with Bitcoin Investors

US Treasury Secretary Steven Mnuchin is the new Nouriel Roubini for bitcoin enthusiasts. The comparison borrows fat from the White House official’s string of verbal attacks on the cryptocurrency. Last week, he called bitcoin “a national security threat,” sending it down by as much as 16 percent in just 12 hours. And then, Mnuchin appeared…

Bitcoin Slips Below $10,000; Where It Would Go Next?

Bitcoin price fell on Tuesday as investors wrapped their heads around increased financial regulations. The bitcoin-to-dollar exchange rate today established an intraday low of $9864.99, down 5.67 percent on a 24-hour adjusted timeframe according to data provided by CoinStats’ cryptocurrency portfolio management app. The move downhill came as a part of a broader downtrend, which…

Facebook’s Libra Cryptocurrency is Transformative: UK Chancellor

Facebook’s plan to launch Libra, a payment cryptocurrency, is potentially a step in the right direction, believes Philip Hammond. The UK chancellor said in an interview to CNBC’s Squawk Box that Libra could be transformative in shaping the payment industry, adding that the UK regulators are willing to work with Facebook in making that happen. “We…

Bitcoin Price Slips Below $9,500 Following Facebook Hearing

The price of bitcoin fell below the $9,500 level soon after US lawmakers questioned Facebook executive David Marcus on its cryptocurrency plans. The BTC/USD exchange rate established a fresh intraday low of $9,426.61, down 13.17 percent from the market open. The downside price action brought the pair 31.94 percent lower from its year-to-date high of…