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What Are Bitcoin Dust Attacks?

When it comes to Bitcoin transactions, they are partially anonymous but it doesn’t take a lot of effort to cross-reference different BTC addresses. Even so, users can still add that extra layer of privacy by using multiple different addresses and other techniques to confuse the blockchain (to a certain extent). But the de-anonymisation method, known as dust attacks, are seemingly on the rise. If the microtransactions that characterise a dust attack go unnoticed, they can potentially be used to identify cryptocurrency users. Looking at cryptocurrencies like Bitcoin and Bitcoin Cash, they prove to be not private by default. In fact,...

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Can The Mt. Gox Bitcoins Be Recovered? This Russian Law Firm Thinks So

Zheleznikov and Partners is a Russian law firm which has recently proposed legal action in the nation that should enable its solicitors to trace up to $200k lost the Mt.Gox situation. The former BBC journalist, Andy Pag invited representatives from the firm to take part in a Q&A this week to which they outlined the highlights of this proposal to recover close to $2 billion in bitcoin on behalf of the victims who lost their crypto savings in the Mt. Gox hack all those years ago. Lawyers of Zheleznikov and Partners say that because of the close cooperation with law...

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Ethereum (ETH) Eyes Significant Further Downside Against Bitcoin (BTC)

Ethereum (ETH) is primed for a massive decline against Bitcoin (BTC). It has yet to fall towards the next fib circle which means that we might see a next wave of downside similar to what we saw in August if not more devastating. The daily chart for ETH/BTC shows that Ethereum (ETH)’s downtrend against Bitcoin (BTC) remains intact. As long as it remains below the 21 day EMA, we can expect further downside to follow in an aggressive manner. The next few weeks are expected to be brutal for Ethereum (ETH) as it will lose most of its gains not...

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Fundstrat Co-Founder Gives His Predictions for the Future of Bitcoin

Fundstrat’s Tom Lee has just made an argument that a strong macro outlook will provide the ‘tailwinds’ for the next bitcoin bull run. The co-founder of Fundstrat Global Advisors recently sat down with CNBC on their Fast Money segment this week. Lee started saying that investors buy into bitcoin to hedge macro risks, viewing the asset as a safe-haven asset for a type of digital gold. But in reality, his view is that investors will start buying into crypto when they feel optimistic in regards to the wider economy. Geopolitics and industry and traditional markets are booming. “Bitcoin has stalled...

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Why Bitcoin (BTC) Could Crash Below $10,000 Anytime Now

Bitcoin (BTC) could decline below $10,000 any time now. This is not matter of if it will happen but when it will happen. We have seen BTC/USD face a strong rejection at the 38.2% fib retracement level. As long as the price remains below this level, the probability of a fall below $10,000 remains very high. Such moves are usually expected around the weekend and it would not be surprising to see something like that happen this weekend as well especially if Bitcoin (BTC) ends up closing the day below the 38.2% fib retracement level. We predicted a move to...

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