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Tether’s Trading Volume Suggest Bitcoin Could Surge To $20,000

Recent perks in the trading volume of one of the world’s leading stablecoins; Tether, suggests that Bitcoin could be about to embark on another huge price surge up to Bitcoin’s all time high of $20,000.00. Because Tether is a stablecoin, the value of it’s tokens does not change, it’s fixed to the price of the US Dollar (and other cryptocurrencies). The premise of this is that stablecoins give investors a way of buying cryptocurrency via stable means, without having to keep transferring from FIAT to crypto. Tether in short just turns your US Dollars into easier to spend, virtual dollars....

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Tensions In Hong Kong Are Pushing Bitcoin

This week we have seen endless suggestions that aim to explain why Bitcoin has embarked on a bull run recently. Whilst some of these theories are pretty wild, others do suggest that this recent bull run does show clear evidence for a causal link between the value of Bitcoin and world politics. The most prominent suggestion is that Bitcoin is spiking as a result of the falling value of FIAT currencies like the Chinese Yuan and the British Pound. In the UK, as a result of Brexit uncertainties, the Pound Sterling has stopped to new lows, almost meeting the Euro...

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Bitcoin (BTC) Likely To Plunge Below $10,000 In The Weeks Ahead

Bitcoin (BTC) has already begun its downtrend to the bottom of the descending triangle and the price has just broken below the fib circle on the weekly chart. It would not be surprising to see the price decline straight to the bottom of the descending triangle in a matter of one or two weeks. It could take longer but we are most likely to see a sharp decline which will serve two objectives. Firstly, it will discourage shorts from stacking up. Secondly, it will create the right conditions for a bounce up towards the top of the descending triangle again....

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Bitcoin Adoption One Step Closer In New Zealand

Reports out of New Zealand are starting to show Bitcoin and other cryptocurrencies in a very positive light, after announcements came from the countries Inland Revenue Department that states citizens in New Zealand can now start accepting cryptocurrency in order to pay their salaries. According to FXStreet: “A new published guideline by the tax authority in New Zealand has given a legal go ahead for workers to receive salaries in cryptocurrency. The ruling is expected to take effect on September 1. The information regarding the ruling was released on August 7 by the Inland Revenue Department. In this ruling employers...

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All You Need To Know About Bitcoin Banks

The reason that FIAT currency still rules over cryptocurrency is because of the traditional banking model. Banks and other financial service providers have made it so easy for us, as consumers to store and spend money. We can use cash, we can use card, we can use cheque and we can even use our fingerprint these days. Many people believe that true Bitcoin adoption won’t happen until we see a similar model for cryptocurrency hit mainstream communities. It’s a bit of a paradox actually because the idea of Bitcoin is that it removes the need for banks, but the honest...

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