Financial technology
Crowdfunding saves tumbling down French chateau
It's a modern story of an ancient fairytale castle: a crowdfunding effort online has raised 1.6 million euros to restore a chateau in western France.
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Beware of Bitcoin, Turkish Deputy PM Şimşek warns
Deputy Prime Minister Mehmet Şimşek warned investors on Dec. 13 against betting on cryptocurrencies such as Bitcoin, comparing the current Bitcoin frenzy to “tulip mania” of the 17th century.
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6,500 Strangers Club Together to Save Crumbling French Castle
Thousands of people have joined together in a crowdfunded effort to save a 13th century French castle.
The Mothe-Chandeniers chateau in Les Trois-Moutiers, western France has been through some tough times.
Taken by the English twice and all but destroyed during the French Revolution, it was later further damaged by a fire in the 1930s after it had been carefully restored.
The Applications You Use May Generate Bitcoins For Hackers
Hackers are using increasingly diverse methods to generate revenue from cryptocurrency. The easiest way is for users to download an application that they do without their knowledge to make money for hackers.
Big Money Stays Away From Booming Bitcoin
Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion, reported Reuters.
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The First Public Auction with Bitcoin to be Held in Italy
The Italian auction house Sant'Agostino announced that at its next auction the participants will have the opportunity to bid with bitcoin. This will be the first such auction in the world, where cryptocurrency payment will be allowed, reports sega.
Russia Bans Sites Trading Bitcoin
Russia will block access to trading websites that offer cryptocurrency like a bitcoin. This was stated by the first Deputy Governor of the Russian Central Bank, Sergey Shvezov, defining such a trade as "dubious", Reuters reports.
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STASY workers stop issuing Smart Tickets & Cards – Minister threatens to fire them!
JP Morgan: Bitcoin is fraud and will blow up
The CEO of JPMorgan Chase Jamie Dimon has denounced the bitcoin cryptocurrency as a fraud, bound to fail.
"The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart," Dimon said at a bank investor conference in New York.
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The Price of Bitcoin Traded Near its All-time High.
Bitcoin traded near its all-time high price late on Thursday after the intense debate over the cryptocurrency's future appears to be heading to a positive end, according to CNBC.
The price of bitcoin hit a high of USD 2,948.51 on Thursday evening, just shy of the record high USD 3,025.47 reached on June 11, according to data from CoinDesk.