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Mt. Gox Exchange Paying Back Creditors?

We’ve all heard of the Mt. Gox crisis that occurred back in 2011. Well, we recently saw the former head, Mark Karpeles get sentenced for crimes he still denies but now, users who held Bitcoin on the exchange and filed for self-admission rehabilitation claims potentially could receive some of their funds back according to an unconfirmed email. It was addressed to all Mt. Gox users with the message saying: “The creditors who objected to your self-approved rehabilitation claim withdrew their objections. As a result, the approval of your self-approved rehabilitation claim has become effective, and you no longer need to...

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The Lightning Network Now Let’s You Buy Products on Amazon With BTC

Exciting news for all you Bitcoin spenders as you will now be able to use the lightning network to shop at the very popular e-commerce site Amazon. It was announced over the bank holiday weekend by the crypto payment processing startup Moon, that any lightning-enabled wallet can now also be used through Moon’s browser extension. Prior to this lightning feature, around 250 beta users already used Moon to spend crypto on e-commerce sites by connecting the browser extension to exchange accounts like Coinbase. Speaking to CoinDesk, the CEO of Moon, Ken Kruger said: “[The extension] will pop up a QR...

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Bitcoin (BTC) Golden Cross Dream Could Turn Into A Nightmare For Retail Traders

Bitcoin (BTC) is very close to forming a golden cross. To most retail traders, this golden cross is an eventuality that has to happen sooner or later. However, to the whales it is a perfect opportunity to create a bull trap. Yes, this has happened before many a time but there will always be people who fall for it. Human psychology never changes and traders make the same mistakes over and over again which is why it is so easy for these whales and market makers to take their money. If we look at the daily chart for BTC/USD, just...

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BTC Prediction: Could it reach $1m by 2020?

The popular cryptocurrency enthusiast and founder of the anti-virus software McAfee Associates, John McAfee has always been quite out there when it comes to the price of Bitcoin. Recently, he has even predicted the BTC price to reach $1 million by 2020 which is a brave estimate, to say the least. In mid-2017, the entrepreneur first spoke on Bitcoin saying that one BTC would be worth half a million by the end of 2020. As we know, later that year the price of Bitcoin got mainstream appeal when it reached its all-time high of $20,000 but of course, following that...

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Bitcoin’s Gains Are Well On The Way To $6k

This month has been a very bullish one for Bitcoin. We finally saw the price break past the $5,000 mark and it seems to be just recording even higher gains. This has been especially the case for the past week as BTC has been slowly grinding higher and is recording higher lows. The trend has clearly been ascending and current bullish price formations, plus the imminent ‘golden cross’, suggest higher moves could be very much on the table. As reported by Ethereum World News: “When the 50 day moving average crosses the 200 day it is seen as a clear...

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