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Bitcoin ATM Roll Out Set To Hit Greek Islands

Bitcoin ATM’s allow users to purchase and manage Bitcoin wallets through physical outlets that are becoming more common across the world. Bitcoin ATM’s can be installed anywhere you’d expect to see a traditional cash machine, be that in shops, bars or even on high streets. The roll out of these machines is being managed by a Greek group by the name of Thess Cash Hellas. Thess Cash Hellas will oversee the installation of these new machines across the country. As it stands, there are already around five crypto ATMs in Greece, which give users the ability to buy and sell...

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Bitcoin, A Tool For The Labour Class, Or A Weapon For Capitalism?

We’ve touched upon this sort of issue before, but it’s a topic that comes back again and again. Bitcoin was produced as a site of liberation, a decentralised product designed to allow people a chance to break away from the capitalist financial system, a way to take control of your own money across a democratic medium. With no banks and no authorities having control, it seemed that Bitcoin would be the tool for ultimate freedom. However, is this the case? When we look at Bitcoin now, it actually seems to be more of a capitalist dream, than a tool to...

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Bitcoin (BTC) Halvening And Its Effect On Market Cycles

Bitcoin (BTC) halvening has an interesting effect on market cycles as we have seen during the recent correction. The above chart for BTC/USD clearly demonstrates how Bitcoin (BTC) halvening has not just brought about the halvening of Bitcoin (BTC) mining rewards, but also the halvening of market cycles in a similar manner. The first period of correction shown on the chart ranges between November 2013 and February 2015.  This correction lasted a period of 441 days. This was just before Bitcoin (BTC)’s halvening in 2016 which also halved the period of correction that followed. From December 2017 to August 2018,...

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Mines Now Being Used To Mine… Bitcoin

A decommissioned mine in the Norwegian Fjords is alleged to have been converted into a data centre, designed to mine Bitcoin in an efficient and sustainable manner. It’s not the first time an old mine has been re-designed as a Bitcoin mine, there’s a very good reason for that too, old mines allow for the perfect environment for cryptocurrency mining. According to Coinjournal: “Frankfurt-based Northern Bitcoin is the company behind the Lefdal Mine in Norway that is challenging the status quo of Bitcoin mining and redefining it. Founded in 2015, Northern Bitcoin is making sustainable infrastructure available to Bitcoin and...

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Trading Bitcoin (BTC) Has Been The Same As Trading The Euro (EUR/USD) On Margin

Bitcoin (BTC) and the Euro (EUR/USD) have been trading not just in the same direction, but in a similar manner. The above weekly charts for BTC/USD and EUR/USD show that the both topped out around January 2018 and since then have been in a correction. Bitcoin (BTC) broke the downtrend against US Dollar which later became a support as Bitcoin (BTC) bounced off it in August. The same happened with EUR/USD as the Euro broke the downtrend against US Dollar which later became a support. The three green candles visible on the EUR/USD weekly chart show that the Euro has...

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