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Bitcoin, Ethereum and other cryptocurrencies are crashing hard, again

Actually, the price of Bitcoin has more than halved since January.Image: Photo by Yu Chun Christopher Wong/S3studio/Getty Images The cryptocurrency market is bleeding for the second consecutive day, with prices of most popular coins down double digits in the last 24 hours.  Bitcoin, the largest cryptocurrency by market cap, is down 12.4% in this period according to CoinMarketCap and is currently trading at $6,426. Other coins are having it even worse: Ethereum is down 20.5%, Ripple is down 13.3%, Bitcoin Cash is down 20.1% and EOS is down 22.3%.  SEE…

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Venezuela just ‘linked’ its currency to its terrible Petro coin

Not good.Image: FEDERICO PARRA/getty You know you’re in trouble when your only hope for stability is something as notoriously unstable as cryptocurrency. And yes, Venezuela appears to be very much in trouble.   According to Bloomberg, Venezuelan President Nicolas Maduro announced on Friday that he intended to link a new national currency, the sovereign bolivar, to a cryptocurrency of his own government’s making — the Petro. This is the first case of a government tying its economic fortunes so closely to that of any digital currency, and suggests a possible…

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The PGA just got hit with ransomware

This club was built for mining.Image: Sam Greenwood/getty Raise that single gloved-hand to your mouth in shock: The hackers have gone after golf. America’s last bastion of proud visor-wearers is scrambling this week, after unknown criminals took over the PGA of America’s servers on Tuesday — locking the golf association out of its files just days before the official Aug. 9 start of the PGA Championship in Missouri. And you better believe those hackers want bitcoin.  SEE ALSO: Ransomware has been around for almost 30 years, so why does it…

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