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Kremlin Economist Says Bitcoin Could Help Russia With US Sanctions

Russia is in the process of preparing an investment in Bitcoin to replace the United States dollar as a reserve currency. According to a Russian economist who has close ties to the Kremlin, this is being done in a bid to tackle the US sanctions. The economist in question is Vladislav Ginko, who is based at the state-funded institution of the  Russian Presidential Academy of National Economy and Public Administration, said that the government is making moves to make sure the US sanctions have minimal damage on the Russian rouble by replacing some of its US dollar reserves with the...

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Bitcoin (BTC) Finally Catches Up With Gold After Following It For Years

During the 1976 IMF Crisis also known as the Sterling Crisis, the British Government had to borrow the largest ever loan of $3.9 billion from the IMF. During that year, Gold Futures began to rally and the climb continued all the way till 1979. We have only seen one similar rally in Gold Futures and that was the one beginning in 2001 after the dot com bubble. Gold kept on climbing throughout the financial crisis of 2008-09 and finally topped out in 2011. Since then, Gold has been in a downtrend but things are about to change. After Gold’s previous...

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6,500 French Shops To Sell Bitcoin By February

Earlier this week, six tobacco stores in France became the first stores of their kind to sell Bitcoin as a result of a deal with a fintech company which intends to expand the sale of the leading cryptocurrency to over 6,450 more shops by February. The company in question is Keplerk and was announced to be partnering up with tobacco stores in the nation back in November to make Bitcoin an easy purchase, just like cigarettes! This is just the start though as Keplerk is aiming to bring aboard as much as 6,500 more stores next month, in what looks...

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Bitcoin Grows In UK Despite Brexit

Despite all the things the UK is going through right now with Brexit and Government MPs stepping down left right and centre, the cryptocurrency market hasn’t stopped growing. Even the sharp downtrend we have experienced in the crypto market hasn’t been able to halt its growth. Bitcoin powers through New investment figures have been published by the UKs London & Partners and Pitchbook which show that British tech firms raised a total of $2.49 billion in 2018, down from £3.12 billion in the previous year. The English capital isn’t just a popular tourist destination but it is the economic heart...

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Why Comparing Bitcoin (BTC)’s Current Cycle With The Previous One Is Wrong

The recent yearlong correction has convinced most investors and analysts that Bitcoin (BTC) is repeating the exact same cycle as before. It is true that Bitcoin (BTC) did decline in the same manner that it did in 2014-15 for the most part, but that does not mean that whatever followed afterwards is also going to repeat this time. Whenever Bitcoin (BTC) is due for a correction to the downside, it corrects regardless of the movement of bigger related markets. For instance, Bitcoin (BTC) started to fall in January, 2018 whereas EUR/USD kept on rising till March, 2018 when it finally...

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