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Major Banks Dealing In Bitcoin

It was announced last week that two large Russian banks are building cryptocurrency portfolios for their biggest clients. Under the supervision of Bank of Russia, companies are beginning to offer customers and clients shares in a brand new fund that trades in six of the most popular cryptocurrencies available to trade on the market today. According to the article, Sberbank - who process paychecks for governmental employees - will also help in the introduction of cryptocurrency into the financial movements of the major banks, as well as a number of private companies. A representative for the company announced that this...

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Bitcoin (BTC) Yet To Test $6,000 Before A Likely Reversal

Bitcoin (BTC) price has continued to fall out of triangles since the big fall from $19,783 in January 2018. However, it is fair to mention that the triangles have become less steep over the time and the slope signals a pending reversal in the near future. Having said that, it is important to note that for a reversal to occur Bitcoin (BTC) has to complete the current cycle. That cycle will only be completed when the price falls to $6,000 level and successfully bounces back from there. Most technical as well as fundamental indicators point to a reversal at this...

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Bitcoin Price Is Expected To Erupt Soon

Chris Briskey, the owner of a shop in Yakima, Washington, purchased a Bitcoin ATM in April this year. Soon, the ATM began attracting those who purchase, or are interested in purchasing, Bitcoin from all over the state. Briskey calls Bitcoin "digital gold" and sees the potential that this cryptocurrency has to change the way that people interact with money on a large scale. In rural areas, cryptocurrencies such as Bitcoin are seen to be a niche interest, but there are signs that cryptocurrencies and blockchain are beginning to venture away from this niche. Major technology companies are exploring the possibility...

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LA Bitcoin Trader Faces 30 Months In Jail

Cryptocurrency has never been favoured or supported by the mainstream media, but this week's news that an LA trader is facing jail time for their trading of Bitcoin, one of the biggest worldwide digital currencies, is bringing strange new attention to this new financial frontier. Facing over two years in jail, prosecutors have argued that the Los Angeles-based Bitcoin trader has been illegally operating a money transmitting business, supposedly against California law. The woman in question was making over $300,000 a year by trading Bitcoin on a specialised website from 2014 to 2017 and ultimately made trades worth over $6...

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Kenya Has Its First Bitcoin ATM

The first Bitcoin ATM has been installed in Nairobi, making it the first in East Africa, which makes it possible to purchase Bitcoins and Litecoins instantly. The traders can purchase the cryptocurrencies for as little as $5, and they can pay for them in both dollars and Kenya shillings. Speaking of the ATM, Bitcoin entrepreneur Wangechi Kariuki said; “The transaction is simple, taking less than two minutes; You can get as many Bitcoins as the value of your cash.” Although this is the first digital currency ATM that has been installed in East Africa, South Africa installed it’s first four...

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