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Musk: “Bitcoin Is Brilliant But Tesla Won’t Be Getting Involved”

There are a lot of faces out there who are getting ready to adopt cryptocurrency. Most recently the CEO of JP Morgan Jamie Dimon has announced that the banking institution is currently designing their own cryptocurrency. Unlike Dimon and JP Morgan, the CEO of Tesla, Elon Musk, isn’t ready to adopt Bitcoin just yet. Even though Musk has previously tweeted about crypto on his Twitter page it seems that the CEO isn’t getting involved in the space. Musk said that he isn’t going to push his company in the direction of an emerging technology but despite this, he did say...

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Bitcoin Gets Positive Boost In Wyoming

According to recent reports, the state of Wyoming in the United States have agreed to a number of new bills and legislation that have been developed in order to make the state more Bitcoin friendly and more crypto-centric. Officials in the state want to make their area a hub for crypto and blockchain technology and understand that in order to do this, they need to have a set of clear regulations that allow businesses to operate within the industry in a fair and controlled manner. A new bill, known as SF0125 was approved by the Wyoming House of Representatives last...

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Why We Think JP Morgan Weren’t Behind Bitcoin’s Recent Surge

Ever since the start of cryptocurrency with Bitcoin ten years ago, things seem to have come a long way. Over the course of the crypto space, we’ve seen highs and lows and more recently, JP Morgan Chase announced the development of the JPM Coin which came as a surprise to many since the CEO Jamie Dimon said many years ago that Bitcoin was a ‘fraud’. Nevertheless, the financial institution plans to deploy the cryptocurrency in its corporate payments operation in the near future. The cryptocurrency company BitRail, said that the announcement from JP Morgan was certainly a validating moment for...

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EUR/USD Hints At Bitcoin (BTC)’s Next Move After An Aggressive Rally

Bitcoin (BTC) has rallied aggressively over the past 48 hours which many believe to be a sign of a trend reversal or bullish momentum returning back to the market. However, I do not agree with it for the most part as I believe this rally had more to do with the rise in EUR/USD than Bitcoin (BTC) itself. As we can see on the daily chart for EUR/USD, the Euro has been on a roll for the past few days. When EUR/USD rises, it means the US Dollar (USD) goes down. So, when the US Dollar (USD) goes down, we...

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Mastercard & Visa Could Be Unintentionally Driving Merchants To Bitcoin

Mastercard and Visa are two of the biggest financial services in the world and they are both right on the edge of hiking the fees they charge to merchants who accept credit and debit cards. These new fees could be introduced as soon as April. While credit card payment service giants are both anticipating the move will help them move further line their financial coffers, merchants will most likely look elsewhere. Specifically, merchants could be looking to the crypto space due to the Bitcoin payments being a lot cheaper to process. A few members of the community were looking at...

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