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RAND Report: Bitcoin Not Useful For Terrorists, But That Could Change

In a new report (PDF), the RAND Corporation explores the usefulness of bitcoin and other cryptocurrencies for various terrorist organizations. The general summary of the research is that cryptocurrencies are currently not very useful for terrorists, but the report adds the viability of cryptocurrency use by terrorists could change in the future. “Large receipted sums are difficult to manage or spend anonymously, and cryptocurrencies still require infrastructure to manage and spend,” says the report. “We see little current evidence of the adoption of cryptocurrencies by terrorist organizations or the motivation to do so, but that very well might change as...

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Bitcoin’s Daily Transaction Count Just Hit Heights Not Seen Since January 2018 — Here’s Why

Bitcoin may still be in a bear market, but the number of daily Bitcoin network transactions has skyrocketed over the past few days. Considering the shutdown of the VeriBlock testnet and launch of the their mainnet, it seems clear this project had a key role in this recent Bitcoin transaction count explosion. VeriBlock is used by altcoins in an effort to improve their own security by piggybacking on top of Bitcoin’s network hashrate. Earlier this year, VeriBlock’s testnet was found to have accounted for roughly 20% of daily Bitcoin transactions.   The Numbers   When looking at the Coin Metrics...

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Bitcoin (BTC)’s Future Outlook Hinges On Price Action In Next Few Days

Bitcoin (BTC) has printed most of the patterns of the 2014-15 trading cycle so far. The more we see this cycle proceed towards completion, the easier it becomes to spot similarities between now and then. However, the price does not often follow the exact same price action. In other words, history may not necessarily repeat itself but it does rhyme. That is exactly what we have seen happen in the past several months of Bitcoin (BTC)’s bear trend. Certain movements are hard to time but others like a break of market structure or resistance at a historical trend line resistance...

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Bear Market Hasn’t Fazed Fidelity’s Plans

The Bitcoin and crypto bear market hasn’t really had an impact on Fidelity, their excitement on the space is as big as it has been according to the firm’s head of digital assets, Tom Jessop who spoke to CNBC recently saying, “In terms of our pipeline, prices really haven’t had an impact. If anything, they are as encouraged now as they were when prices were higher.” Fidelity’s crypto custody and trading platform is live and has been selectively adding new clients such as hedge funds and family offers for months. According to the head, clients are looking to hold crypto...

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Sally Ho's Technical Analysis 28th March 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains during today’s Asian session as the pair got as high as the 4035.80 level, after absorbing technical Resistance around the 4009.52 area, representing the 76.4% retracement of the 4056.33 – 3858.00 range. Price activity is now trading above 50-bar MA, 100-bar MA, and 200-bar MA on both Hourly and 4-Hourly charts. As noted in our 27 March 2019 analysis, traders tested the 3984.88 level without much resistance and are working to establish a base above the key technical level, representing the 61.8% retracement of the move from 4188.79 – 3655.00. Technical Support is expected...

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