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Town In Canada Meets Hackers Demands With Bitcoin Ransom

In the Ontario province of Canada, holds the town of Midland which has a population of more than 16,000 people and has recently had its computer systems hacked and infected with ransom malware. The town of Midland has come to conclusion that they are going to meet the hackers wants and pay them (as per their demands) in Bitcoin, in order to get the computer system up and running again. The attack on the towns computer systems left the town with ineffective computers for around 48 hours which ruined the processing of payments, issuance of permits, email services, marriage applications...

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EUR/USD Monthly Outlook Hints Unprecedented Bitcoin (BTC) Gains

Bitcoin (BTC)’s price movement so far has been a reaction to the EUR/USD pair for the most part. In fact, Bitcoin (BTC) has rarely made any moves that were not coherent with movements in the EUR/USD pair. The monthly chart above for EUR/USD shows the Euro (EUR) in a strong ascending channel against the US Dollar (USD) since 1994. The first large circle shown on the chart above between 2003 and 2008 bears extremely close resemblance to the one formed this time between 2017 and 2018. As we can see, the price has broken this circle in the past to...

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Canadians Can Now Trade Through Savings Accounts After Bitcoin Fund Approval

Canada is one step ahead of the SEC as they approved the very first regulated Bitcoin trust fund the status of a Mutual fund that enables accredited traders to invest in Bitcoin through their retirement savings plan and free of tax saving accounts. The first and only regulated Bitcoin fund granted mutual status in Canada. Canada has overtaken the SEC and according to the official announcement made by First Block Capital Inc. the FBC Bitcoin Trust has become the first and only regulated Bitcoin Trust eligible for accredited traders. This lets those that hold units, put their units in a...

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Bitcoin Is Extremely Useful In These Problematic Countries

In many countries, there are emerging monetary crises as local currencies lose value. Local governments or central banks are unwilling or unable to solve inflation, and that's a key chapter in the story of Bitcoin. The late economist Milton Friedman, a Nobel Prize winner, said people should only look to one reason why long-term inflation exists: The above institutions keep printing cash out of thin air which debases the local currency. That makes Bitcoin and other reliable cryptocurrencies an attractive solution in places that operate on shaky or desperate economic ground. High-Inflation Countries So in which countries is Bitcoin most...

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Luxury Car Designers Rolls Royce, Bentley And Bugatti To Accept Bitcoin

Those lucky to have enough Bitcoin and Bitcoin Cash, they can now spend their cryptocurrencies on luxury vehicles including, Rolls-Royce, Bentleys and Bugattis. Post Oak Motor Cars is the first dealership that sells luxury vehicles to accept Bitcoin and Bitcoin Cash, the venue is owned by hospitality mogul Tilman Feritta. On 5th September, there was an official press announcement released by the company who will now be partnering with Bitcoin processor BitPay in order to enable luxury car buyers to purchase carriages from anywhere in the world using the aforementioned cryptocurrencies. Tilman Fertitta spoke about the matter and said: “The...

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