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Bank of England Insists that Bitcoin does not Pose any Danger to Global Economy

Bank of England Insists that Bitcoin does not Pose any Danger to Global Economy



+Bitcoin was called in different ways, both positive and negative. It was even called the danger to global economy, as it eventually has to break all rules in the financial world (that may be the truth in the end) and to put the world in chaos.

Though, the Bank of England calms investors and ordinary citizens insisting that bitcoin can be anything but the danger to the world economy.
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BitFinex and MtGox – What Is Common

BitFinex is compared with MtGox in the light of the last problems that users have already had. bitFinex community is having serious issues with money withdrawal, to such extend that some observers start mentioning the MtGox in this connection.
One more reason for worrying is the connection of Bitfinex and Tether, as some users are claiming that the company is risking with the money of its users and uses fraudulent practices in trading, hence, putting under risk all users` funds.

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Some Cryptocurrency Ventures Promise Token Rewards.

Some cryptocurrency ventures promise token rewards to all users who invests in their tokens. Wow how nice – you may think. Though… If an investor has a token that has some value plus it is rewarding the investors just for the fact that the investor bought it… it definitely creates prerequisites for artificial jeopardy and unpredictable consequences.

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Bitcoin Price Grows Above 8,000USD!

Bitcoin price grew to 8,000USD level, and this is not the end yet. Just some time ago, after the main threat for bitcoin, SegWit2x failed, bitcoin price surged from 7,200USD to 7,800USD. Just a few days after that though bitcoin dropped to 5,500USD, while bitcoin cash grew from 600USD to 2,600USD. Right at that moment, many bitcoins were exchanged to bitcoin cash, this, in turn, made the fees grow enormously.
Though, the bitcoin cash start time hasn’t lasted long. After it dropped in price, bitcoin miners started returning to bitcoin, hence, the digital coin price started growing. though, scalability and regulation issues are still unsolved.

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Investors Will Abandon Bitcoin Before It Reaches 196,000 USD