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Bitcoin (BTC) Compound Fulcrum And Correlation With Copper

Bitcoin (BTC) is printing a pattern which is a very rare sight in the world of technical analysis. This formation seen on the above daily chart for BTC/USD is called a compound fulcrum. It comprises of an inverse head and shoulders and a head and shoulders trading inside a wedge in the order visible above. This is a very bullish sign which often results in the price breaking straight through the wedge and eventually reaching a new high. We have seen similar patterns in the past for commodities like Copper as well as a few stocks. Bitcoin (BTC) is also...

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North Korea Using Bitcoin And Monero To Fund Nuclear Program

Ever heard of the term crypto laundering? North Korea (DPRK) is trading, laundering and mining cryptocurrencies such as Bitcoin (BTC) and possibly Monero (XMR) in order to evade U.S. sanctions, intelligence experts tell Asia Times. The isolated country with a population of 25 million could be raising up to $200 million USD to fund its nuclear and ballistic missile programs through digital coins. Lourdes Miranda, a financial intelligence analyst, and Ross Delston, an expert in terrorist financing, told the paper that Kim Jong-un's regime is trading cryptocurrencies on various exchanges as well as mixing coins (which obscures the senders and...

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With September Passing, What Does October Hold For Bitcoin, Ethereum & XRP

September has been yet another cold month for cryptocurrency. As each new month arrives, speculation of the next bull run follows, though it seems that at the moment, bullish optimism is at an all time low. September promised to bring riches, with the SEC Bitcoin ETF deadline looming and various other big projects coming to the fore, we really did hope to see some great progression made this month. Of course, XRP is the stand out crypto for the past two weeks, after the stunning announcement of a pending full release for xRapid, an announcement that saw XRP climb more...

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Check Out If You Can Spend Bitcoin Before You Book Your Next Holiday

Buying your travel money can be a bore, what if you don’t actually need to buy any? What if your next holiday destination is saturated with stores that accept Bitcoin and of course, Bitcoin ATMs? It’s probably worth checking out before you travel, right? Now you should probably note that if you’re traveling to a remote location, like a small Greek island or a Caribbean retreat, Bitcoin acceptance may be a little lower than you would like, therefore this guide is more suited to those travellers who are off on city breaks, where Bitcoin acceptance is likely to be at...

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Google-Funded Veem Uses Bitcoin To Improve Int'l Payments

San Francisco, Calif.-based Veem announced on Wednesday the raising of $25 million in growth funding led by an impressive list of companies, including Goldman Sachs (lead investor), GV (formerly Google Ventures), Silicon Valley Bank, Kleiner Perkins, Pantera Capital and others. The money adds to $26 million that Veem raised in Series B in March 2017, according to Sept. 26 company blog. The blockchain firm was founded in 2014 and is seeing skyrocketing growth. It's disrupting global bank transfers by offering faster, cheaper and blockchain-powered cross-border payments that compete with SWIFT's 40-year-old technology. More than half of transactions use Bitcoin (BTC)...

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