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Bitcoin futures trading begins on CBOE exchange in Chicago

Bitcoin has begun trading on a major exchange for the first time. It launched on the CBOE futures exchange in Chicago at 23:00 GMT Sunday, allowing investors to bet on whether Bitcoin prices will rise or fall. In the lead-up to its futures debut, the value of the digital currency has surged. Bitcoin’s introduction to the CBOE has been seen by some as a step towards legitimising the currency. The move is expected to be followed next week by a listing on the rival Chicago Mercantile Exchange. Futures are a…

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Bitcoin: 'I'm part of a crazy wave'

In its early days, Bitcoin might have been dismissed as a quirky tech sector fad. But it is rapidly evolving into the mainstream and has already made some people rich. If once Bitcoin was seen as a tool for money launderers and drug dealers, it has recently become as commonplace a topic at middle-class dinner parties as house prices. There are advertisements on the London Underground proposing ways to invest. It’s been on the newspaper front pages. There are anecdotes of taxi drivers who say they’ve borrowed money to buy…

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Valve Will No Longer Accept Bitcoin as Payment for Games on Steam

This site may earn affiliate commissions from the links on this page. Terms of use. Digital gaming giant Valve has announced that some 18 months after adding the ability to buy games on Steam with Bitcoin, it will no longer accept BTC as a method of payment. The original decision to accept the cryptocurrency was never seen as a make-or-break affair for Bitcoin’s acceptance as legal tender, but Steam’s dominance of PC digital game distribution and the overlap between PC game enthusiasts and BTC users made it a high-profile win…

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Bitcoin surges above $13,000 to new high

Bitcoin has surged above $ 13,000 (£9,710; €11,020) to a new record high despite warnings the digital currency’s rapid rise could be a dangerous bubble. The coin has seen its value double in the last month in a volatile journey. Its latest milestone came after Bitcoin surged by another $ 1,000 in value in less than 24 hours. Spread betting firm CMC Markets said the rise had all the symptoms of a bubble market, warning “there is no way to know when the bubble will burst”. What’s behind the Bitcoin…

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UK government mulls bitcoin regulation

Anti-money laundering regulations should be updated to include Bitcoin and other virtual currencies, the UK Treasury has said. The Metropolitan Police says criminals are using crypto-currency cash machines to launder money in London. The government’s aim is part of a broader update to the EU rules which are under negotiation. The update, revealed in Parliament last month, would mean that traders would no longer be able to operate anonymously. ‘Self-police’ Bitcoin expert Dr Garrick Hileman, a research fellow at the University of Cambridge, said that in jurisdictions such as New…

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Cyber-thieves seek to cash in on Bitcoin boom

Bitcoin’s booming value has driven a huge rise in crypto-currency themed malware, say security firms. In one month, anti-malware software company Malwarebytes said it stopped almost 250 million attempts to place coin-mining malware on to PCs. Symantec said it had seen a “tenfold” increase in the amount of malicious code connected with crypto-cash. Cyber-thieves are using both dedicated software, hacked websites and emails to snare victims. Cashing in “There’s been a huge spike,” said Candid Wuest, a threat researcher at online security firm Symantec, adding that it had been caused…

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Bank deputy warns of Bitcoin bubble risks

Investors should be aware of the risks from the rapid rise in the price of digital currency Bitcoin, a Bank of England deputy governor has warned. Bitcoin’s value passed a record $ 11,000 (£8,200) on Wednesday after a sharp but often volatile rise this year. Sir Jon Cunliffe, the Bank’s deputy for financial stability, said that when prices grow so fast, “investors should do their homework and think carefully”. But he added that Bitcoin’s rise was not big enough to unsettle the economy. Unlike traditional currencies, Bitcoin is not issued…

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