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e governor of the Bank of France has become the latest to voice a warning about investing in bitcoin, stating that those who do do so at their ‘own risk.’Speaking at a conference in Beijing on Friday, 58-year-old Francois Villeroy de Galhau, said that bitcoin was neither a currency nor a cryptocurrency, reports Fortune. He said: It is a speculative asset. Its value and extreme volatility have no economic basis, and they are nobody’s responsibility. The Bank of France reminds those investingin bitcoin that they do so entirely at their own risk.His comments come at a time when the digital currency’s value dropped from a record high of over $11,000 to around $9,200 at the end of November, amid a major selloff and volatile trading. Despite this, though, the cryptocurrency managed to claw its way back up to $10,760, reportedly due to the announcement that the CME Group is to launch its bitcoin futures on the 18th December.Speaking on Friday, Terry Duffy, CME Chairman and CEO, said:We are pleased to bring Bitcoin futures to market after working closely with theCFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities.However, regardless of the digital currency’s rising value, which is further cementing it in the mainstream, it appears that Goldman Sachs’ CEO Lloyd Blankfein has changed his turn on the digital currency. Following bitcoin’s march to $10,000 he proclaimed that it is a ‘vehicle to penetrate fraud.’ Speaking earlier this week, he stated: Something that moves up and down 20 percent in a day doesn’t feel like acurrency, doesn’t feel like a store of value. If it works out — and it gets more established, and it trades more like a store of value, and it doesn’t move up and down 20 percent, and there is liquidity to it — we’ll get to it. In the past Blankfein has maintained a neutral position on bitcoin, previously saying that while he wasn’t okay with it, he was ‘open‘ to the idea of it. Now, though, in a shifting of gears Blankfein is of the opinion that the digital currency won’t work out and that it’s not for him. His feelings mimic those that have proceeded him such as Jamie Dimon, JPMorgan Chase CEO, who called bitcoin ‘a fraud’ in September. This was later followed up with the statement that it was ‘worth nothing.’ Submit a Press Release Advertise Write for CCN News Tips Contact Explore CryptoCoinsNews CryptoCoinsNews Prices Bitcoin Blockchain ETH Learn Free Trade Featured Analysts Blame Gold’s Fall On Bitcoin’s Rise Explore Menu Bitcoin Price NewsBitcoin TradingBitcoin Value Analysts Blame Gold’s Fall On Bitcoin’s Rise Lester Coleman on 12/12/2017 Bitcoin OpinionNews Bitcoin’s Dark Secret Joe McHugh on 12/12/2017 Bitcoin AnalysisNews CBOE Bitcoin Futures Trade Near $18,000; ‘Speculative Mania’ Carries Volume Past 3,400 XBT Josiah Wilmoth on 12/12/2017 News Two Firms File Bitcoin ETF Applications in Wake of CBOE Futures Launch Josiah Wilmoth on 11/12/2017 Analysts Blame Gold’s Fall On Bitcoin’s Rise 12/12/2017 Bitcoin’s Dark Secret 12/12/2017 CBOE Bitcoin Futures Trade Near $18,000; ‘Speculative Mania’ Carries Volume Past 3,400 XBT 12/12/2017 Ethereum ETF SEC Two Firms File Bitcoin ETF Applications in Wake of CBOE Futures Launch 11/12/2017 Advertisement: Bitcoin AnalysisBitcoin Price NewsNews Bitcoin Price Headed for $100,000, Says Trader Who Called Q4 Rally Josiah Wilmoth / 11/12/2017 Litecoin price Altcoin PricesLitecoin NewsNews Litecoin Price Leaps 30% to New All-Time High Josiah Wilmoth / 11/12/2017 Ron Paul Bitcoin Bitcoin OpinionNews Goldbug Ron Paul ‘Surprised’ His Followers Prefer Bitcoin to Gold Josiah Wilmoth / 11/12/2017 Bitcoin price Altcoin NewsBitcoin AnalysisBitcoin Price News Bitcoin Price, Crypto Markets Trade Up After Cboe Futures Launch Josiah Wilmoth / 11/12/2017 Advertisement Kazakhstan blockchain central bank Blockchain NewsExchangesNews This New Group Wants to Jumpstart Kazakhstan’s Blockchain Sector Tim Walker / 11/12/2017 Sberbank Blockchain IBM BankingBlockchain NewsNews Russia’s Biggest Bank Pilots Money Transfer on an IBM Blockchain Samburaj Das / 11/12/2017 Bitcoin AnalysisBitcoin Price NewsNews Bitcoin Price Surges 20% Overnight as Volume of CBOE Futures Skyrockets Joseph Young / 11/12/2017 Bitcoin MiningBitcoin RegulationNews Bitcoin Will be Legal, Mining to See Regulation: Russia’s Deputy Finance Minister Samburaj Das / 11/12/2017 NewsTrade Impressive Recovery Seen in Crypto Markets eToro / 11/12/2017 Bitcoin AnalysisNews Bitcoin Breaks CBOE as Futures Up 20% Hours After Launch, Trading at $18,210 Joseph Young / 11/12/2017 Bitcoin ExchangeBitcoin RegulationNews Australia’s Financial Watchdog Will Monitor Bitcoin Exchanges Samburaj Das / 11/12/2017 NewsSponsored Stories Chimaera Presents the Future of Gaming with Decentralized Autonomous Universes Dennis Mangoli / 11/12/2017 Dash cryptocurrency NewsSponsored Stories Decentralized Gaming Platform CryCash Announces Partnership with Developers of FarCry Tom Clancy / 11/12/2017 Bitcoin remittance NewsSponsored Stories Blockchain Company Rides on Telecom Backbone to Disrupt the Remittance Industry Tom Clancy / 11/12/2017 Read All Posts Here Press Releases Press Releases Geneviève Partners with Ivory Coast Government to Propel Local Business Growth Through Blockchain Financing Tom Clancy / 11/12/2017 Press Releases JoyToken Announces Token Generation Event for Ethereum-Backed Gambling Platform Tom Clancy / 11/12/2017 Press Releases After Successfully Burning More Than 60 Million XVIA Tokens, VIABET Proceeds with The First Round of its Public Token Sale Tom Clancy / 11/12/2017 Press Releases PIVX Becomes Most Advanced Proof of Stake Currency Tom Clancy / 11/12/2017 STAY UPDATED? Subscribe to our mailing list and don't miss the most important news. Enter your email here.. SUBSCRIBE Advertisement Follow us on Twitter Trending Traditional Money on the Decline Amid Rising Interest in Digital Currencies Traditional Money on the Decline Amid Rising Interest in Digital Currencies Nobel Laureate Economist Predicts a Bitcoin Crash "Won't Go to Zero, It Will Just Come Down" Nobel Laureate Economist Predicts a Bitcoin Crash “Won’t Go to Zero, It Will Just Come Down” The White House is Monitoring Bitcoin: Press Secretary Sanders The White House is Monitoring Bitcoin: Press Secretary Sanders Bank of France Governor: Invest in Bitcoin 'At Your Own Risk' Bank of France Governor: Invest in Bitcoin ‘At Your Own Risk’ JPMorgan Strategist: Bitcoin Futures Could 'Elevate Cryptocurrencies Into an Emerging Asset Class' JPMorgan Strategist: Bitcoin Futures Could ‘Elevate Cryptocurrencies Into an Emerging Asset Class’ Advertisement Search Search for: Search here... 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