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Is Bitcoin Really On The Brink Of A Mass Breakout?

Nigel Green, the CEO and Founder of deVere Group has spoken out about Bitcoins capacity to embark on a global level breakout, one that will see Bitcoin hit a new all time high and continue to climb, exceeding international expectations and making a lot of people very rich in the process. Green believes this is down to FOMO, a fear of missing out, driving people towards Bitcoin investment when it’s price starts to climb. As a result of this FOMO, more people will start to panic buy, initiating a huge flow of money into Bitcoin, in turn pushing prices to...

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Are ICO’s The Right Way To Solve Bitcoins Problems?

The Initial Coin Offering is a controversial platform. In their essence, ICOs are positive and exciting, though as many will know, they open us up to a whole host of potential problems and risk. In the growing cryptosphere, we want to minimise risk in order to secure our investments, therefore ICOs are considered by many, as a total no go, although even with this in mind, ICOs still run, they still happen and they still bring in heaps of investment for new and budding crypto projects. Is ICO ‘culture’ a good way to solve Bitcoin’s problems though? Many are starting...

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Bitcoin (BTC): The Two Possible Scenarios

Bitcoin (BTC) is in a no trade zone as far as traders are concerned. The number of bulls is low compared to that of bears and confused investors. The above daily chart for BTC/USD shows that Bitcoin (BTC) is reluctant to test the 61.8% Fib retracement level from the previous high. Even if it does test that level, confusion will continue to loom over as long as Bitcoin (BTC) stays below $10,000. Bitcoin (BTC)’s trading volume is on a constant decline. Institutional investors have showed interest in Bitcoin (BTC) the last few months. However, they seem to be waiting for...

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Bitcoin And Monero Used To Launder $89M: Investigation

Nearly $89 million USD worth of Bitcoin (BTC) and other top cryptocurrencies were mostly converted to privacy coin Monero (XMR) at 46 exchanges around the world in order to launder illicit funds, a Wall Street Journal investigation has found. The months-long investigation tracked 2,500 potentially criminal wallets and traced transactions dating back to 2016. These used 46 international and U.S.-based exchanges that concealed the original source of crypto funds, per Sept. 28 report. The following exchanges were used in highest order of funds received: Binance, Bitfinex, ShapeShift, BTC-e, Bittrex, Changelly, Gemini, KuCoin, Bitstamp and HitBTC. Nearly $35 million in bitcoins...

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Here's Why Paranoia Fuels Bitcoin

The only sort of financial system which works at scale is one which has been decided by courts and enforced by a threat of violence. Widespread belief in the threat reduces the need for active enforcement. "The IRS relies on a system of voluntary compliance which means that individuals are responsible for reporting and calculating their own tax obligations." Less than 1% of tax returns are actually audited due to the lack of man hours for the IRS to check everyone's work. Americans can be over submissive that Indian phone scammers have made a killing off impersonating government officials. Overall,...

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