13 Sep '17, 4pm

Bitcoin slides on 'fraud' warning from JPMorgan's Dimon

LONDON (Reuters) - Bitcoin slid by more than 10 percent on Wednesday, as investors sold the cryptocurrency after a warning by JPMorgan (JPM.N ) Chief Executive Jamie Dimon that it “is a fraud” and will eventually “blow up”. Bitcoin, the original and still the biggest cryptocurrency, has been on a tear in recent months, hitting a record high just below $5,000 at the start of September after a more than fivefold increase in price since the start of the year. But bitcoin and other cryptocurrencies have been falling since early last week, when China banned the issuance of new digital coins for fundraising purposes - a phenomenon known as initial coin offerings, or ICOs. ICOs have fueled a rapid ascent in the value of all cryptocurrencies, from about $17 billion at the start of the year - with bitcoin making up around 90 percent of that - to a record high close to $180 billion ...

Full article: http://www.reuters.com/article/us-bitcoin-dimon/bitcoin-s...

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JPMorgan's Dimon says bitcoin 'is a fraud'

reuters.com 12 Sep '17, 7pm

NEW YORK (Reuters) - Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N ), ...

JPMorgan's Dimon says bitcoin 'is a fraud'

reuters.com 12 Sep '17, 6pm

NEW YORK (Reuters) - Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N ), ...

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