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Could A Tax Fix Bitcoin’s Carbon Problem?

Are we going to see a Tax added to help with the Carbon footprint? Bitcoin is becoming an issue with the Carbon Footprint It’s not a secret that Bitcoin has a bit of a carbon problem. The production of Bitcoin is a very harmful process that causes a huge level of carbon emissions. We have to consider that this isn’t an issue situated just within Bitcoin, as a matter of fact, many new technologies are harmful to the environment, however, as an industry we need to talk about these things, so we can work out how to rectify them. The...

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BTC/USD Fades Below 6500: Sally Ho's Technical Analysis 28 March 2020 BTC

Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session as the pair climbed higher to the 6710.45 area after finding buying pressure around the 6585.00 area during yesterday’s North American session.   Traders had pushed the pair as high as the 6880.00 level during yesterday’s Asian session before selling pressure knocked BTC/USD lower.  The pair has recently appreciated after trading as low as the 3858.00 level on 13 March, with traders curious when the market will exhibit the strength to once again cross the psychologically-important 7000 figure.   Traders have recently tested the level twice recently, pushing the pair as high...

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Why Bitcoin Has Not Bottomed Yet

The price of Bitcoin is primed for the next big decline, but this is not just about Bitcoin. The US has just surpassed China in the highest number of confirmed Coronavirus cases. This is an important development and it means that we may now be looking at the beginning of another downtrend in the S&P 500 (SPX) which could once again put financial markets under pressure. The 4H chart for BTC/USD shows that the cryptocurrency market has plenty of room to decline. In fact, at this point it would not be surprising to see it decline even below $3k near-term....

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Kraken declares Bitcoin will reach $350,000 in 25 years

Bitcoin has a difficult time right now, as the recent outbreak of coronavirus has significantly diminished its price. Some people are sure it is temporary, and Bitcoin will again reach its previous digits. Almost everything has been affected by the virus. Meanwhile, the Kraken cryptocurrency exchange believes that the price of bitcoin is capable of reaching $350,000 over the next 25 years, which will be caused due to a massive influx of capital. The Kraken cryptocurrency exchange released a report entitled How ‘The Great Wealth Transfer’ can give Bitcoin an increase of $1 trillion dollars, in which it tries to...

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CEO of Pantera capital believes bitcoin will thrive during the financial crisis

Dan Morehead has just this week predicted that the leading cryptocurrency will come of age during the 2020 financial crisis brought on by the coronavirus.  In fact, Dan continues saying that it may just top its all-time high price within just one year. The founder and CEO of Pantera Capital, Dan Morehead has just this week predicted that the leading cryptocurrency will come of age during the 2020 financial crisis brought on by the coronavirus. In fact, Dan continues saying that it may just top its all-time high price within just one year. The CEO of the San Francisco-based company...

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