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Donald Trump is wrapping up misguided policies that will potentially threaten the U.S. and global economy with sensible supply side reforms, warns the boss of one of the world’s largest independent financial advisory organizations. The comments from Nigel Green, founder and chief executive of deVere Group, come as the outspoken billionaire frontrunner prepares for the latest Republican presidential candidate this evening. Mr Green observes: Trump is a Big Picture guy – and he has the soaring rhetoric to go with it.  But the details of his economic plans appear sketchy.  The nuts and bolts of ‘Trumponomics’ are somewhat hard to […]

The post Beware Trumponomics, Warns Financial Advisory Giant appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Foundation board members Jim Harper and Olivier Janssens have exited the trade organization amid questions about its future.

The Central Bank of Kenya (CBK) has warned that virtual currency is insecure and could fund terrorism, according to the Daily Nation. This comes a day after a court ruled that Safaricom, the nation’s largest cell phone provider, will not have to reinstate access for BitPesa, Africa’s largest bitcoin trading platform, to M-Pesa, the mobile payment service.   BitPesa, a bitcoin payments and remittance service which uses the Safaricom telecom, and Lipisha, the payment gateway for both BitPesa and M-Pesa, are suing Safaricom in Kenya, CCN recently reported. Safaricom stopped Lipisha from processing M-Pesa transactions and later reinstated it as […]

The post Kenya's Central Bank Warns Against Virtual Currency Amidst Access Conflict appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

This year will go down as the year of the personal data breach. Consumers all over the world are learning their personal information is not safe with businesses, health insurers, financial institutions, the government, and even the educational sphere. Estimates of the number of personal records exposed in 2015 range from 176 million to more than 193 million from about 730 breaches.

The post 2015: The Year Of The Breach; Close To 200 Million Personal Records Exposed appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

A Kenyan High Court judge has ruled that M-Pesa operator Safaricom will not be required to grant access to BitPesa amid an ongoing legal dispute.

The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) rose to its highest level since September 2014 today.

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The high-yield market has a lot of people worried.

There is a "genuine risk" that the sell-off could kickstart a recession, according to Deutsche Bank, which said that there is a chance that "an old fashioned credit crunch" could spread to the highest quality borrowers. 

UBS said in a note that investor redemptions could now become self-fulfilling. The high-yield market is experiencing "death by a thousand paper cuts", according to the head of high-yield and leveraged-loan strategy at Bank of America Merrill Lynch. The sell-off could also hit bank trading desks, making for a difficult fourth quarter. 

In other news, the Argentina versus American hedge funds drama could be set to start up again in full force, Whitney Tilson has covered his Lumber Liquidators short, and Goldman Sachs has made a round of promotions in its record-breaking M&A business. 

Here are the top Wall Street headlines at midday -

Valeant just picked up a key new partner and the stock is going off like a rocket - Valeant is finally getting some good news to close out the year. The specialty pharmaceutical and device company has struck a deal with Walgreens that will extend Valeant's distribution reach into the retailer's 8,000-plus stores.  

This epic slideshow tells you everything you need to know about bitcoin and blockchain right now - Magister Advisors has produced arguably the most comprehensive report to date on what is happening in the world of bitcoin and blockchain startups.

Deutsche Bank is trying to fix its technology problem with a new hire - Deutsche Bank is creating a new top management post to oversee the bank's technology, as part of new CEO John Cryan's battle to bring the struggling bank under control.

Merriam-Webster's word of the year is ism — and finance nerds know this is more than just some suffix - The letters ism also recall one of the year's most controversial and closely-followed economic data releases: the Institute for Supply Management's Purchasing Managers Index, more commonly know as ISM manufacturing. 

A 'sleepless elite' needs just 4 hours of sleep a night, and power players from Jim Cramer to Marissa Mayer might qualify - Jim Cramer, host of CNBC's Mad Money and co-founder ofTheStreet.com, told Business Insider that he only needs four hours of sleep each night to feel well-rested and alert. 

Elsewhere on the web -

Michael Lewis sent a letter to the SEC supporting the IEX exchange application - SEC website

Creditors Bawl: How Investors Ignored Risk of Junk-Bond Rout - Bloomberg

China’s Workers Are Fighting Back as Economic Dream Fades - The Wall Street Journal

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 Here they come: my mini-meetups. This week we’re meeting at WeWork Chelsea for a chat with Amol Sarva of Knotable about the magic and pain of starting up in NYC. The event starts at 7pm and there will be food and booze! You can RSVP here. This even is going to be sponsored by InVision so there will even be swag! Tomorrow I’m holding a Bitcoin meetup at Coinspace in Industry City,… Read More

Bitcoin Press Release: CHICAGO, Illinois – December 15, 2015 – DNotes today announced the early 2016 release of a book for small business owners. The announcement comes on the heels of October’s revelations about the company’s plans for the launch of a new for-profit enterprise next year. DNotes officials have confirmed that the new company launch and the planned book release are part of an ongoing strategy to differentiate the DNotes ecosystem and better serve partners and customers throughout the cryptocurrency industry and beyond. According to respected entrepreneur, technology visionary, and DNotes co-founder Alan Yong, the new company will fully […]

The post Bitcoin Alternative DNotes Announces Company Launch and Book for Small Business Owners in 2016 appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin price action is awkward due to hesitancy and frequent profit taking. Yet, price has continued pushing higher all day and we look at the prospects going into tomorrow's Fed Rate announcement. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h30 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: The bitcoin price chart looks to be pushing higher despite tomorrow being a day best spent out of the market. […]

The post Bitcoin Price Still Advancing On The Eve Of Rates Hike appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

In signs reminiscent of November’s early price surge, Bitcoin price is climbing with an upward trajectory and striking similar numbers achieved in the first week of November. Today, the Bitstamp Price Index (BPI) struck $450 in an upward swing following a late rally from $439.08 at 10: 02 PM UCT on December 14. Bitcoin price opened at $443.34 at midnight UTC before a 2-hour period which saw the BPI strike $450.06 at 2: 17 AM UCT. At the time of publishing, Bitcoin price stood at $455.09 while the day’s high reached $456.08. Bitcoin price recently soared past $400 on Wednesday […]

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Through a predominant public-private partnership program called Small Business Innovation Research (SBIR), the U.S. Department of Homeland Security (DHS) is looking to understand bitcoin’s underlying technology, the blockchain. The U.S. Department of Homeland Security through the SBIR’s Science and Technology Directorate (S&T) is now accepting proposals from small businesses comprising of fewer than 500 employees in at least 10 topic areas. Interestingly, the areas also cover the topics of “Applicability of Blockchain Technology to Privacy Respecting Identity Management” & “Blockchain Applications for Homeland Security Analytics”. Presumably, the former is looking for research into providing better awareness and the know-how for […]

The post Department of Homeland Security Wants Blockchain Applications appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Magister Advisors has produced arguably the most comprehensive report to date on what is happening in the world of bitcoin and blockchain startups.

Bitcoin is a digital-only currency not backed by any central bank, while the blockchain is the software underpinning it.

Blockchain uses complex cryptography to ensure transactions can't be tampered with and people sending and receiving money are who they say they are.

Jeremy Millar, a partner at technology bank Magister, told Business Insider blockchain is the fastest growing industry he's ever seen. There are a huge number of startups trying to use both bitcoin and blockchain to do a variety of different things.

Banks in particular are excited about the potential savings and benefits blockchain technology could offer them. Thirty top investment banks have joined an industry-wide group looking at potential uses and plenty of banks are experimenting with the technology themselves behind closed doors.

Magister's report is split into four sections — the bitcoin ecosystem, the blockchain ecosystem, and profiles of companies in each sector.

Magister has given BI permission to reproduce its presentation — check it out below.

Poland is seeking out a regulated cryptocurrency to become a contender in European economics. Poland, a member of the European community, is pressing for regulation from the European Union because of the impact that it envisions. Wojociech Trusz, from  Ministry of Economy, advises that: cryptocurrency can help Polish international competiveness. Europe must acknowledge the use of cryptocurrency through regulation, according to Trusz - who says that “this is a global phenomenon”. Trusz indicates that it could open doors to building a foundation for entrepreneurs and business if regulation was successful, but with regards to a common European market. To enhance […]

The post Poland Urges Regulation appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

 After a mostly boring 2015, bitcoin is making waves as the year ends by reaching new price heights. Bitcoin is north of the $400 mark, once again, for the second time since 2014. This time, it has surpassed a prior boomlet, reaching price points not seen since late summer last year. Read More