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Bitcoin Now Recognised By Scrabble, Finally The World Has Gone Crypto Mad

Yesterday, news broke out about a huge new listing for Bitcoin, though it’s not quite what it seems. Popular family board game Scrabble have announced that ‘Bitcoin’ will be added along with 300 news recognised words that can be used in order for players to earn points. If you’ve not played Scrabble, here’s brief introduction to one of the world’s most loved games, according to Wikibooks: “The goal of Scrabble is to score as many points as possible by placing letter tiles to create words onto the game board. At the end of the game, when one player has used...

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Mt Gox Trustee Did Sell Off $230 Million Bitcoin

With failed cryptocurrency exchange Mt Gox now set to provide some form of compensation payments, heads are now turning towards Nobuaki Kobayashi, also known as the Tokyo Whale and one of Bitcoin’s more prolific holders. Why? Kobayashi has been found to have sold off around $230 million in Bitcoin since March 2018. Remember those price falls that seemed to take place in line with a huge Bitcoin sell off (from wallet addresses that were suspected to be involved in Mt Gox), well it now seems that these coin dumps could have been as a result of Kobayashi’s selling. After further...

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Bitcoin (BTC): Walking The Razor’s Edge

Bitcoin (BTC) is playing a very dangerous game. It is hard to say if these are whales looking to lowball that have allowed the price to fall to such dangerous levels or if it is institutional players dumping Bitcoin (BTC) after every pump to take quick profits. The fact remains that Bitcoin (BTC) is currently walking the razor’s edge. Before descending to such levels, Bitcoin (BTC) had a chance to break the downtrend if the bulls had pushed enough. The above daily chart for BTC/USD shows that Bitcoin (BTC) already touched the trend line once in mid September and should...

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Regulatory News Have Biggest Impact On Crypto Prices: Report

When media outlets report regulatory news such as bans on crypto (think China, Venezuela and South Korea) and treatment of initial coin offerings (ICOs) under securities laws (think U.S.), these have the greatest negative effect on valuations, according to Sept. 23 report by Bank for International Settlements (BIS) titled "Regulating cryptocurrencies: assessing market reactions." Other news that have adverse consequences on crypto prices (but not as impactful) pertain to money laundering, terrorist financing and restrictions in regulated markets. However, there are news coverage that lead to strong, positive gains. These include establishment of legal frameworks and ICOs. These findings reflect...

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Supreme Court Of India Set To Finalise Bitcoin Verdict

We are edging ever closer to a final decision being made on the status of cryptocurrencies within India. As it stands, the Reserve Bank of India (RBI) have essentially banned cryptocurrency. As a result of this, the community have led a charge for the decision to be overturned, which in turn has led to a case being brought into the Supreme Court of India. Now, the Supreme Court are set to hear a final plea from both the RBI and the Mobile Association of India (IMAI) who are leading the defence case. After this, we expect that a final decision...

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