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Hawaii’s Latest Bitcoin Scam

Customers of energy providers in Hawaii are the latest victims of a scam that has been designed to extort Bitcoin from victims. It’s a typical example of how cryptocurrencies can be used to illicit money out of unsuspecting victims, by using a cloak of anonymity to make the scammer seem legitimate. Reports suggest that scammers are directly contacting customers of Hawaii Electric Light, Maui Electric and Hawaiian Electric, in order to try and persuade them to send Bitcoin to an address to cover outstanding energy bills, if they don’t pay, the scammers then threaten to cut the customers energy supply....

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Why Bitcoin (BTC) Might Still Hit $60,000 By July 2019

Bitcoin (BTC) has been trading in a series of rising wedges as can be seen on the monthly chart for BTC/USD above. The price reached a target of $1,000 in late 2013 and then began to fall. During that fall, the price broke out of the falling wedge to consolidate before continuing upwards to prepare to enter another falling wedge. From late 2015 to until now, the price has been preparing to enter another falling wedge. Bitcoin (BTC) is just about to enter another falling wedge before the beginning of September this year. The last time Bitcoin (BTC) entered a...

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Stuck In Jail With A Boat Load Of Bitcoin? It’s Cool, You Can Now Pay Your Bail In Crypto

You hear stories of these mastermind criminals who have tonnes of Bitcoin stashed away, ready to be sold at the end of their sentence. Obviously, there’s not a lot you can do with your crypto when you’re in jail, until now that is. In a historical move, one that may well shake the foundations of the law in the future, a judge in San Francisco has agreed to accept a bail payment from a cyber criminal in Bitcoin. The criminal, Martin Marisch was initially charged with hacking the video games producer - Electronic Arts. Through these hacks, Marisch was able...

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Bitcoin (BTC)’s Worst Case Scenario: What Is Smart Money Up To?

Monthly Chart for BTC/USD The popular sentiment right now is that Bitcoin (BTC) is going down. Nobody can say for sure how low it is going to fall but most people are convinced that this is certainly not the end of this correction. As the chart above shows, Bitcoin (BTC) completed a correction of 86.54% between Nov 2013 and Sep 2015. A significant majority is of the view that this scenario is likely to unfold this time. If this were to happen, Bitcoin (BTC) would have to complete a correction of 86.54% in a period of 669 days which comes...

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It Seems That Bitcoin Mining Is Starting To Really Offend Some People

Mining Bitcoin is a process that is loud, hot, expensive and also very noisy. As a result, mining efforts on a large scale tend to be focused out of town, in rural settings in factories that have an exclusive energy supply, in areas that are naturally very cold. This is the perfect setting for a mining farm, even so though, it seems that mining in remote locations isn’t enough for some people. According to reports out today, one farm in Norway has been the victim of bomb threats from one very disgruntled local, as a result of the noise generated...

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