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Bitcoin (BTC) Likely To Find A Bottom between $5,000 And $3,000 This Year

Bitcoin (BTC) has run into resistance and now appears to have topped out once again as it sets for a pullback. EMA alignment for BTC/USD on the daily chart above continues to remain bearish. The price action is showing signs of weakness as the bulls lose momentum at the strong downtrend resistance. RSI on the daily chart has also reached overbought levels. Furthermore, the RSI is trading in a rising wedge, a bearish indicator which means the price is likely to retrace strongly in the next few days. A rejection at this point would prepare Bitcoin (BTC) for its next...

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This Reddit Clone Is Using Bitcoin To Help You Become A Memelord

Introducing ThunderMessage, a new blockchain based Reddit style platform the utilises the power of Bitcoins Lightning Network. The platform allows users to interact by posting messages, comments and general content within which users can browse, comment on and importantly, up vote/down vote. As you know, those who receive high levels of up votes are considered demi-gods by the internet masses and those who receive high levels of down votes, well, they are considered to be inferior to say the least. The interesting concept behind ThunderMessage (and indeed, its link with the lightning network) is that in order to pass a...

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Authorities In India Admit They Recognise Bitcoin As A Legitimate Currency

As we should all know by now, cryptocurrency in India is taking a bit of a hit. With the Reserve Bank of India (RBI) ruling against it and the supreme court looking likely to do the same thing, by the end of September cryptocurrency could seriously hit a dead-end in the country. Reports out today however highlight that the Law Commission of India, a branch of the Indian government, responsible for enabling legal reform have stated that actually, cryptocurrency should be recognised as a viable currency with store value and thus is something that should be regulated, not banned. This...

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Founder Of WeExchange And BitFunder Pleads Guilty To Mass Crypto Fraud

Jon Montroll, the founder of two US based cryptocurrency trading platforms has pled guilty to allegations of security fraud that has seen Montroll deceive both investors and the authorities on multiple counts, allowing him to manipulate investigations into hacks that had taken place within his platforms. According to CCN: “Texan Jon Montroll aka ‘Ukyo’ admitted to deceiving investors and the SEC during the course of operating and the subsequent investigations into bitcoin exchange ‘WeExchange’ in Australia and securities investment platform BitFunder.” By refusing to pass on vital information to the Securities and Exchange Commission regarding a hack at WeExchange and...

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This Expert Believes Bitcoin Will Reach $250,000 In Just Four Years Time

With the current momentum of Bitcoin clear, Bitcoin hitting $250,000.00 by 2022 isn’t a totally unrealistic prospect. Although in order to reach this point, we do need to see some very significant gains and of course, Bitcoin needs to locate some stability at a number of other benchmarks too, considering that at the time of writing, Bitcoin is valued at just $8,262.04. Before we continue, please remember that this is not investment advice, we are simply reporting on the words of one ‘expert’ whose expertise has developed through venture capitalism. Though Draper speaks with good authority, he cannot guarantee that...

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