Did China Drive Bitcoin's Price to 2016 Highs?The price of bitcoin surged nearly 20% during the week ending 3rd June, rising to its highest point in 20 months. But what was the cause of the increase? Mainstream media sources have largely attributed this sharp increase to demand from the Chinese market, prompted by yuan devaluation. But not everyone agreed with this explanation, as some market experts asserted that the rally was tied to other developments both within and outside of the digital currency ecosystem. http://www.coindesk.com/china-drive-bitcoins-price-2016-highs/
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Just a reminder. Prepare the popcorn.
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Why the Bitcoin Price MattersWho pays too much attention to the price? There are two main groups of people that have an unhealthy obsession with the price of bitcoin. First are the people who pay too little attention, a group that comprises nearly the entire world. This group has no knowledge of the developments within the community or the underlying technology but can easily understand the straightforward barometer of price. http://www.itsjoe.co/why-the-bitcoin-price-matters/
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Fed records show dozens of cybersecurity breachesThe U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage," according to Fed records. The central bank's staff suspected hackers or spies in many of the incidents, the records show. The Fed's computer systems play a critical role in global banking and hold confidential information on discussions about monetary policy that drives financial markets. http://www.reuters.com/article/us-usa-fed-cyber-idUSKCN0YN4AM
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