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Bitcoin Allegedly Used By Terror Group

Bitcoin Allegedly Used By Terror Group A woman who bought Bitcoin among other cryptocurrencies by using dishonestly gained credit cards before wiring the funds to the terror group, ISIS has pled guilty to the crimes of offering financial support to a terrorist organisation. The Pakistani-American woman in question, Zoobia Shahnaz has allegedly made a couple of wire transaction last year to the front for the Islamic terror group ISIS in China, Turkey and Pakistan. Aside from providing the terror outfit with financial support, Shahnaz was also intending to travel and join the group in Syria. She was intercepted at the...

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How 'Burying' Bitcoin Could Be Beneficial

The Chief Global Economist at UBS Wealth Management, Paul Donovan recently said in an interview in which he explained why he had written a blog post with the alluring title of "I come to bury bitcoin, not to praise it." In a post for the UBC Global Wealth Blog that was published on 26th November 2018, Donovan had made quite a few negative remarks regarding the leading cryptocurrency, Bitcoin. "The cryptocurrency bubble may be in its death throes." "Economists said from the start that Bitcoin and the like would never be currencies. They never will be currencies. Their designers are...

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Ethereum Classic (ETC) Consolidates Before A Breakout Against Bitcoin (BTC)

Ethereum Classic (ETC) just like most cryptocurrencies broke below many critical levels during this correction. It broke market structure trading against the US Dollar (USD) and ultimately settled around $4. Ethereum Classic (ETC) demonstrated significant weakness trading against USD but it has remained incredible strong against Bitcoin (BTC). If we look at the above daily chart for ETC/BTC, we can see that Ethereum Classic (ETC) has held all critical levels against Bitcoin (BTC) so far. It has managed to remain above the trend line and is now ready for a move up as the market recovers. The expected move in...

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The Lightning Network: What You Need To Know

The Lightning Network has split the crypto community into two. On one side, you have people who think that it is a work of genius that is the best invention since Bitcoin. On the side, though you have people which think it is just preventing Bitcoin from growing and potentially a waste of time. No matter which side you are on, there is one thing that almost everyone can agree on which is the importance of decentralisation. For the Lightning Network to be a successful project in its attempt to build a reliable second layer for payments then the distribution...

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Bitcoin (BTC) Climbs Double Digits In One Day But The Bears Are Not Scared

Bitcoin (BTC) made a successful attempt to break out the last 24 hours. It pierced straight through the near term resistances but was eventually stopped when the rally got over extended. However, it resulted in a major sentiment shift. The bulls that feared a fall to $3,000 or lower levels now felt confident that this was it and Bitcoin (BTC) is supposed to begin a new cycle now. Many of the investors waiting on the sidelines also jumped in which is why the price was able to move double digits within just one day. This is the first time in...

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