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Bitcoin Scammer Arrested In Thailand

The $34 million Bitcoin scam has its prime suspect named Prinya Jaravijit who was arrested in Thailand after returning to the country. Jaravijit is allegedly part of a scam which saw a man from Finland, Aarini Otava Saarimaa scammed out of over 5,500 Bitcoins, this would be worth around $34 million in today's market. The scam originally came to light during early August this year. According to Bitcoin News: “The victim believed that he was investing in Dragon Coin, but the cryptocurrency he handed over was laundered through several wallets and used to invest in real estate instead. He eventually...

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Bitcoin Almost Hit $7,500 This Weekend

The start to this week saw Bitcoin investors, and the market as a whole, shocked as the self-proclaimed stablecoin, Tether dropped 6% below the USD during a growing sense of confusion within the crypto space. In the early hours of Monday morning, crypto assets seemed to be on the upside and looked strong. However, numbers continued to waste away during the commotion. As users searched on the internet to find out what was the stimulant behind the influx, it became clear that there was something wrong. Furthermore, Bitcoin had somehow overshadowed the $7,200 mark on platforms that all support USDT...

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Don’t Underestimate China’s Power In Bitcoin

There has been a wealth of news of late about China and the Chinese authorities new position on cryptocurrency. In the shortest possible terms, the government want to totally ban cryptocurrency trading and investment and wish to stamp out the Bitcoin culture that has slowly built up in China. Whilst this could pose problems for companies like TRON and NEO, overall, the actual power China have here is being underestimated. The international cryptocurrency community seem to be hiding from the facts. Many say that China can’t just stamp crypto out and many more believe that if they do, the impact...

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Bitcoin (BTC): A Method To The Madness

Bitcoin (BTC) does not just go up and down, breaks supports and resistances based on sudden whims. Most traders are so focused on the 15 min chart that they miss the big picture. They fail to realize that major trading on exchanges is done by algorithmic bots. These bots are programmed to print a certain set of patterns. Have a good look at the above daily chart for BTC/USD. This is a pattern currently printed by the bots for us. To the amateur trader focused solely on smaller time frames, this is a disaster! The price just broke an important...

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Signs That The Bears Are Taking Over Bitcoin

After the market crash on Thursday, the future of a further drop in Bitcoin seems to be a bit brighter according to CoinDesk. The biggest digital currency in the world has been staying relatively steady over the past month but on Thursday there was a massive drop bringing the price down below the $6,500 mark and to the $6,200 level confirming a range breakdown. The technical indicators on the daily chart were also a bit slow and validating a negative moving average crossover on the long duration charts as was mentioned yesterday over several news outlets. The bears basically took...

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