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Bitcoin is now legal for buying & selling in Russia but using it to pay for goods and services? Not yet…

Vladimir Putin has recently signed into law the landmark crypto bill on digital assets.  This bill will effectively provide legal status to many cryptocurrencies all across the nation and will legitimise crypto by allowing it to be traded throughout the country. Vladimir Putin, the President of Russia has recently signed into law the landmark crypto bill on digital assets. This bill will effectively provide legal status to many cryptocurrencies all across the nation and will legitimise crypto by allowing it to be traded throughout the country. That being said, the law doesn’t mean that crypto can be used as a...

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Technical Bids at 11510 Keep the BTC/USD Dream Alive: Sally Ho's Technical Analysis 6 August 2020 BTC

Bitcoin (BTC/USD) pared some recent gains early in today’s Asian session as the pair receded to the 11655.06 level after trading as high as the 11735.99 area during yesterday’s North American session.  Technical trading emerged during yesterday’s North American session when bids showed up around the 11510.41 area during a pullback, right around the 23.6% retracement of the recent appreciation from 11073.70 to 11646.70.  Traders recently drove BTC/USD as high as the 12134.29 area before profit-taking pushed the pair lower to the 10546.15 area, just above the 50% retracement of the same appreciating range from 8905.84 to 12134.29.  Additional upside price objectives include...

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Bitcoin (BTC) Whales Don’t Want You To Know This

The cryptocurrency market is truly one of its kind and for a number of reasons. First of all, most people in this market have no prior trading or investing experience. They are therefore easy to influence and the market makers and whales have been influencing them and taking their money since Bitcoin started trading on exchanges. We are now at a point where the level of naivete and ignorance is so high that these big players don’t even have to change their modus operandi; they keep shaking out both retail bulls and bears the same way over and over and...

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US business travel company CWT pays $4.5 million in Bitcoin to hackers

One of the main reasons why Bitcoin is criticized globally is its use by criminal networks. Over the past decade, quite a few accidents and illegal activities that made international headlines involved Bitcoin and other cryptocurrencies. The thing is that digital currencies benefit from being extremely transparent and anonymous. Transactions do not identify anything but the unique ID which is not linked to any personal information on either side of the financial operation. Therefore, making financial transactions through Bitcoin during illegal activities is a simple and easy way out for many criminal authorities, groups and international networks. The US-based global...

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Could gold replace the dollar if the need arises? Or would bitcoin be better suited…

Over the past few months, the world has been going into a spiral of economic downturn and chaos.  Specifically, the dollar is getting weaker as the government prints more money into circulation in an attempt to keep the economy afloat. Over the past few months, the world has been going into a spiral of economic downturn and chaos. Specifically looking at the US, the dollar is getting weaker by the day as the government prints more money into circulation in an attempt to keep the economy afloat as well as sending stimulus packages to families all over America. As the...

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