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Blockchain bandits hit crypto start-ups: Time Business News

In early September, developer Stephanie Kent watched the approach of Hurricane Hermine with growing trepidation.
A hurricane making landfall is never welcome but it looked set to strike Ms Kent's home in Florida at the worst possible time.
Back then, Ms Kent was fighting hackers seeking to take over her digital cash start-up Krypton - a services firm based around a variant of Bitcoin's underlying technology, the blockchain.
Ms Kent and her coding team had just recovered from one attack and had seen early signs that another was under way.


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Bitcoin enjoys end of year price surge: Time Business News

The value of the Bitcoin virtual currency has hit a three-year high with each one now worth about $900 (£730).
At the start of 2016, single coins were only worth around $435 but their value has climbed steadily all year.
The steady upward progress has continued despite regular hack attacks on virtual currency exchanges in which coins have been stolen.
Experts said the rise in value was linked to the long-term depreciation of the Chinese Yuan.
Stolen coins


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ADVERTISEMENT Deutsche Bank agrees $7.2bn penalty with US regulators:Time Business News

Germany's Deutsche Bank says it has agreed a $7.2bn (£5.9bn) payment to US authorities over an investigation into mortgage-backed securities.
The sum, which needs final approval, is far lower than the $14bn the US had asked the bank to pay in September.
That looming fine had caused concerns that a failure of the bank could pose a risk to the global financial system.
Credit Suisse also announced a similar deal, while Barclays is now under investigation too.
The sale of residential mortgage-backed securities played a significant role in the 2008 financial crisis.


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Lord King says Brexit brings 'real opportunities

Lord King, the former governor of the Bank of England, has said that the UK should be "self-confident" about leaving the European Union.
He said there were "real opportunities" for economic reform and new trade deals which meant Brexit could be a success.
He highlighted agricultural reform and a developing relationship with the Republic of Ireland as areas where the UK could be positive.
After Brexit, the Irish border will be the only EU-UK land border.


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