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European Central Bank Exec Weighs In On Bitcoin

The European Central Bank is the central banking authority that exists as a central hub for 19 of the European Union member states, known as the Eurozone. The central bank are responsible for managing matters surrounding the Euro and also work towards establishing new policies and standards within the Eurozone, which includes economic giants such as Germany and France. The 2008 financial crisis shook the globe, as a central bank involved with many different countries we can be assured that the 2008 crash had a huge impact on the European Central Bank too, this is why it could be said...

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Bitcoin Patterns Continue To Impact Other Industries Too

Through this week, the markets have taken a slight downturn and the general feeling towards cryptocurrency is a negative one. Thankfully, this is something many of us can forget about as we all know that the markets will shoot upwards (we hope, at least). What we have to remember however, is that when the markets fall, or remain stagnant (as they have done this year) other industries suffer too, namely the mining industry. Simply put, the falling value of Bitcoin means that Bitcoin mining is no longer a profitable activity, this is because the amount of Bitcoin you extract from...

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Bitcoin (BTC) All Set For A Final, More Devastating Fall

Bitcoin (BTC) crashed hard the past few days. Most analysts and investors were quick to call it the final wave of capitulation. For a moment, it seemed to be the final wave of capitulation. However, soon afterwards Bitcoin (BTC) printed a pattern which is not a common sight in the crypto markets. The above 4H chart for BTC/USD is as bearish as a sell setup could get. The price has formed a very obvious bear flag the past few days. However, if it were the whole story, we might still have significant hope of a recovery from current levels considering...

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EUR/USD And Bitcoin (BTC) Share Similar Outlook After Dovish Fed Tone

EUR/USD bulls claimed victory when the price rose above 1.140. In addition to that, Morgan Stanley said that the Dollar’s bull run had ended. On top of all of that, a dovish fed tone led to an understanding among traders and investors that the Dollar might indeed be due for a long decline against the Euro in the months ahead. The above monthly chart for EUR/USD is what we have been emphasizing on when the first signs of a similarity between 2004 to 2006 and 2018 started to appear. If you look at the encircled price action during both of...

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Why Lightning Payments Are Not Always Cheaper Than On-chain Bitcoin Transactions

Bitcoin’s Lightning Network has become the digital currency’s main response to those who say fees for on-chain transactions have gone far too high over the past couple of years. The transaction caching system has been hyped by some as a saviour for those who wish to make small-value payments on the Bitcoin network, and others say there won’t be a reason to use on-chain payments ever again. Of course, these people are wrong — at least on that second point. As Blockstream Core Tech Engineer Christian Decker recently explained at Chaincode Labs’s Lightning Apps Residency, Lightning payments and on-chain transactions...

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