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Will A Russian Bitcoin Launch Next Month

According to new reports, ministers in Russia are on the verge of launching a new oil-backed cryptocurrency, native to Russia, that will be known as the Russian State Duma. The reports suggest that a full roll out of the currency could be seen as early as March 2019, meaning we expect to see more announcements regarding this in the coming weeks. The Russian State Duma (RSD) is said to be backed by oil, therefore it’s funding and prices will be relative to Russian oil and mineral stocks, in the same way the Venezuelan Petrol currently operates. Whilst RSD is not...

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Bitcoin (BTC) Falls Aggressively But Short Term Bullish Recovery Not Likely

When an asset declines in price, investors often look for a quick recovery because if that does not happen, things are likely to get worse in the near future. BTC/USD declined sharply in the past 48 hours but we did not see any quick recovery after the decline. The price continued to trade in a tight range below a critical support turned resistance. This is not a good beginning after a devastating rally that led to a decline of more than $400 in the price of Bitcoin (BTC) in a matter of minutes. As the price continues to trade sideways...

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4,000 Crypto Friendly Swedish Citizens Ditching Cash For Microchips

Sweden has taken a further step towards the stereotypical future that has been portrayed in so many 80s films by inserting a microchip under their skin. Yes you read that right as the crypto friendly and cashless society is well known for accepting new technologies and more than 4,000 citizens from Sweden will now be using microchips to pay for their, food, drinks, holidays and so on. In addition, the citizens taking part in the program will be able to replace their IDs, gym cards, trains tickets and more with the microchips. Cash is expected to disappear at more than...

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Bitcoin Helping Citizens In Venezuela During Crisis

Venezuela’s situation seems to be getting more intense but a local Bitcoin user has explained how he has used the cryptocurrency to support him and his family during the crisis. Carlos Hernández has kept all his money in the leading cryptocurrency and only exchanges small amounts into the continuous hyperinflating economy when it is necessary. The Venezuelan citizen lives in Ciudad Guayana told his story in the New York Times over the weekend about how Bitcoin is keeping his family safe throughout the chaos that is happening in the nation. The native currency to Venezuela is the Bolivar which is...

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Amazon Rival Rakuten Set To Integrate BTC In March

The Japanese e-commerce site that is Rakuten has outlined their plans to implement the leading cryptocurrency with their online platform. In the e-commerce space, there isn’t much competition with big platforms like Amazon dominating the industry but with this new move from Rakuten, that could change. The report was released earlier this month and announced several plans for the firm to make steps forward. One of the most interesting parts of the report was the mention of Bitcoin and their future plans to include cryptocurrency features on the online platform. This announcement is a great way to start of the...

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