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Grayscale: “Bitcoin Can Serve As A Hedge”

Bitcoin has only been around for a decade but in that short time, the flagship cryptocurrency has made waves throughout the world. The crypto asset was created by someone we don’t know of, only a codename or sorts, Satoshi Nakamoto and is secured by a worldwide group of miners. No government or authority backs it. It is a decentralised entity. As a result, people look at Bitcoin and cryptocurrencies as an escape from the grasp of governments. Release following the crash of 2008, Bitcoin has been a safe haven for anti-establishment proponents. But not everyone agrees… As reported by News...

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Can Bitcoin Repair The World’s Broken Politics

As we enter the new year, there are several news outlets which are talking about the current state of cryptocurrency and what prospects we have for 2019. Some will be wondering where 2019 will send Bitcoin, will it be the stars or the floor? Whereas others are wondering when blockchains will have the throughput to handle several applications at scale with developers debating the best use cases for crypto and what is the best blockchain. Many experts seem to respond with cliches saying that we are all in the same boat after they are asked about how collaboration in the...

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Italy’s Currency Issues Could See BTC come Out On Top

The Italian government is currently making a decision to issue a ‘parallel currency’. This is in a move that could see the eurozone crash into a crisis. For Bitcoin, this could see mainstream adoption. On top of this, the Italian deputy minister proposed a tax grab on cash and valuables stored in safety deposit boxes. These crisis policies show some pretty intense holes in the fiat monetary system. A move which pushed Rebecca L. Spang (currency historian) to call for a new foundation of money. “The time has come for a new, more equitable, version of money.” Whereas cryptocurrency wasn't...

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Sally Ho's Technical Analysis 17 June 2019

Bitcoin Bitcoin (BTC/USD) recovered some lost ground early in today’s Asian session as the pair traded as high as the 9083.76 area after finding some demand around the 8810.53 area. The pair established a fresh 2019 high during yesterday’s European session, establishing its strongest print since May 2018. Stops were elected above the 9090.00 area, a relative high dating to 30 May 2019. During the pullback lower during yesterday’s European session, Bids emerged around the 8876.41 area, representing the 38.2% retracement of the move from 8048.75 to 9388.00. Technical Resistance then emerged around the 9071.94 area during yesterday’s North American...

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Bitcoin (BTC): Why This Could Be The Most Important Week Since Dec, 2018

Bitcoin (BTC) is back above $9,000 and could be near $10,000 by the end of the day. This a very interesting development considering CME Bitcoin Futures closed the week at $8,440. If the price does end up rallying past $9,600 before the weekly close, there will be a huge gap to be filled. That makes this week important but there is more to it than that. If we look at the weekly chart for BTC/USD, we can see that Bitcoin (BTC) is now very close to testing the 38.2% fib retracement level from its all-time high. The price flash crashed...

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