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Why Ethereum Classic (ETC) Is The Next Bitcoin (BTC)

Chart for ETCUSDShorts (1W) Ethereum Classic (ETC) is a lot like Bitcoin (BTC) was back in 2012. Majority sentiment was against Bitcoin (BTC) and very few people actually believed that it might have a real shot at the level of adoption that it has achieved today. However, towards the end of 2012 we saw a major shift in sentiment as more people began to realize the importance of having a decentralized, independent and deflationary digital currency that might eventually replace centralized, inflationary and dependent fiat currencies. The concept is what got people on board but the greed to profit off...

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Bitcoin Is Replacing Bolivar As Venezuelan Economy Crashes

Whoever Satoshi Nakamoto is, he/she might be deserving of the Nobel Prize in economics for inventing Bitcoin (BTC), the nascent digital coin that is currently rescuing crypto-adopting Venezuelans from the abyss. Fiat cash has long been problematic because of their unsustainable, long-term value: Central banks and governments can simply turn on the printing press to print notes that are not backed by gold or anything of fungible value. In Venezuela, which has a population of 32 million, the bolivar has become unusable and the local economy has arrived at a grinding halt: Suppliers have stopped producing; workers have stopped working;...

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Forget About The Bitcoin ETF, Remember Bakkt

With the Bitcoin ETF hype back in full swing, we want to take a moment to stop and remember that Bitcoin ETFs aren’t the only thing that promise to be the trigger needed to encourage institutional investment, the Bakkt project as announced in August is equally, if not more promising for the future of large scale institutional investment. As many argue, institutional investment is the next chapter in the story of cryptocurrency and could be the activity needed to force the crypto markets into a rich and fruitful future. What is Bakkt? As per our initial coverage of this story:...

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Bank Of America Show That Bitcoin Transfers Are 6000 x Cheaper Than Their Own

The Bank of America have released data that shows how Bitcoin transfers equate to around 6000 times cheaper than the traditional transfer of FIAT currencies at the banks own standard rates. Many do argue that Bitcoin transactions carry a ridiculous expense, however with these findings in mind, Bitcoin is still proving to be a far superior alternative to FIAT currencies. The findings from the Bank of America show that an international transfer in US Dollars costs on average $45.00 per transaction, compared to just $0.46 for the same transaction made in Bitcoin. This is because, whilst Bitcoin uses a low...

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U.S. Regulators Move Towards Guidance On Cryptos

Various U.S. regulatory bodies this week announced actions that are shaping the $220 billion cryptos market. On Thursday, the U.S. Securities and Exchange Commission (SEC) said it has begun reviewing a proposed bitcoin exchange-traded fund (ETF) filed by Cboe BZX Exchange. A decision can come as early as Sept. 30 although it could also be pushed back as late as February 2019. The SEC's upcoming judgment is closely watched by investors, operators and speculators. That's because approval of an ETF, which is somewhat unlikely given past SEC actions, could send prices of Bitcoin (BTC) and other cryptos soaring, as well...

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