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As BitMEX Enforces KYC, Where Next for Crypto Traders?

With bitcoin futures exchange BitMEX enforcing KYC requirements on its users starting in Q3 of 2020, the range of private options on offer for cryptocurrency traders looks set to become even narrower.  BitMEX will now demand photographic identification and other personal documents starting August 28, 2020. Current users who fail to produce such documents before the cut-off date of February 12, 2021 will not be granted access to the platform’s services.  The slow encroachment of traditional finance regulations into the crypto space is not celebrated by everyone, and BitMEX may witness a great migration away from its platform once the...

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Will BTC become a standalone currency?

Bitcoin is one of the first digital currencies to take the world by storm. It started off in the early 2010s as a fun little investment for throwaway money for daredevils. In New York City once someone bought 2 large pizzas for 200 bitcoins, which right now is valued as a couple of million dollars. Although there has been a talk going around about BTC bubble bursting, deflating, losing all the value, it just never came true. A lot of people are still investing in this decentralized cryptocurrency. Although it is fundamentally limited with there being 21,000,000 in total there...

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BTC/USD Lower After Test of 12496.68: Sally Ho's Technical Analysis 19 August 2020 BTC

Bitcoin (BTC/USD) looked to extend recent gains early in today’s Asian session as the pair continued its gyrations around the psychologically-important 12000 figure after trading as high as the 12486.61 area earlier this week, its strongest print since July 2019.  Stops were elected above a series of important technical levels and upside price objectives during the ascent, including the 11992.15, 12086.22, 12112.97, 12173.80, and 12348.26 areas.  Traders note that the intraweek high of 12486.61 represented a test of the 12496.68 area, an upside price objective related to buying pressure that emerged around the 8055.91 area earlier this year.  One range that has...

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Popular analyst Willy Woo discusses the current state of bitcoin

Over the past few weeks, leading Cryptocurrency has spiked, spiralled and infused excitement throughout the community.  Bitcoin hasn’t so fast it’s Harveys from 2019 yet, in fact he hasn’t even come close but the community are very excited about the future of the coin. Over the past few weeks, leading Cryptocurrency has spiked, spiralled and infused excitement throughout the community. Bitcoin hasn’t even hit its highs of 2019 yet, in fact he hasn’t even come close, but the community are very excited about the future of the coin. At the start of last week, the coin was valued at $12,000...

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FOMO Alarmingly High, Is Now Too Late To Trade Bitcoin?

After months of inactivity, Bitcoin has woken up and stood above $12,000. According to Glassnode, 75% of Bitcoin wallets are in a state of profitability. The FOMO mode, or fear of missing out, could be seen in the market and many people wonder whether they are too late to the party.  Bitcoin holding above $10,000 is not a common occasion, as it has only been trading above this level for over 27 weeks in history. So the fact that Bitcoin is still standing firm above this level despite the sell-offs in the past two weeks, indicates that this could really...

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