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Is Bitcoin Mining Going To Destroy The Planet?

Is mining Bitcoin worth the threat it poses our very existence? Whilst Bitcoin offers communities and society a chance to access a new technology and a form of value that is not regulated by the government, it’s production and mining does have a detrimental impact on the planet, yet, few people seem to recognise that this is the case, especially those scholars who are big on blockchain. Dr. Jon Truby of Qatar University has recently spoken out about the environmental impact of Bitcoin, referring to its design as one that has been made without any environmental considerations, thus, it poses...

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This Is A Sign Of Things To Come, There’s Nine More Bitcoin ETF’s To Be Approved

This weeks decision by the United States Securities & Exchange Commission (SEC) to delay the decision on the pending SolidX-VanEck Bitcoin ETF application had caused a storm in the markets. Likewise, a few weeks ago, we saw a similar thing happen within the markets when the SEC rejected a Bitcoin ETF application made by the Winklevoss twins and Gemini. It has become clear recently that these ETF decisions are holding an emotional grip on the markets and thus, when they are denied or ignored, the markets react poorly. On the flip side, we do guess that should an ETF be...

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Bitcoin (BTC) Fractal Analysis Shows Bots Still Dominate The Market

Bitcoin (BTC) has fallen sharply in the last 24 hours on news of the SEC delaying its decision regarding the VanEck/SolidX Bitcoin ETF till September. The 4H chart above for BTC/USD shows that while the news served as a catalyst for yesterday’s price action, Bitcoin (BTC) would have eventually followed the same pattern as major trading activity is still dominated by bots. Fractal analysis of the above chart shows how closely Bitcoin (BTC) is following the same pattern that it followed between April and June. The timeframe however has decreased as Bitcoin (BTC) is now trading further along in a...

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Another Blow For Bitcoin, As ETF Decision Is Prolonged, BTC Future Still Bright

 Yesterday, Bitcoin was comfortably hovering around the $7,000.00 region, a region that seems to suggest investors were playing it cool, in anticipation for something big that could have accelerated the markets. A decision regarding the Bitcoin ETF was expected to come this Friday, however yesterday, things took a turn for the worse. The recent decision by the United States Securities and Exchange Commission (SEC)  to extend their deadline for another Bitcoin ETF decision however seems to have stabbed a huge hole in our optimism, and of course the value of the markets. Not all hope is lost just yet....

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Financial Conduct Authority Issue Warning To UK Bitcoin Investors

The UK Financial Conduct Authority (FCA) have issued a warning to Bitcoin and cryptocurrency investors in the UK with regards to a rogue trading platform that has been established by the name of ‘Fair Oaks Crypto’. It is alleged that Fair Oaks Crypto seems to be masquerading as a cryptocurrency trading platform, yet it does not have authorisation from the FCA, which is currently a legal requirement in the UK. In fact, any company offering any form of financial service needs to have FCA registration and approval in order to be able to trade. Part of the problem, is that...

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