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Acclaimed Economist Joseph Stiglitz Believes Bitcoin Has No Purpose (He’s Wrong).

Nobel Prize winning Economist, Joseph Stiglitz has spoken about about Bitcoin. The long and short of this assault is that Stiglitz believes Bitcoin should be made illegal. Stiglitz believes that it’s association with crime, fraud and laundering makes it a dangerous assets that should be criminalised. He also believes that regulation won’t work as it will render Bitcoin useless anyway. According to NewsBTC, Stiglitz told Bloomberg: “We have a good medium of exchange called the dollar… we can trade in that. Why do people want bitcoin? For secrecy.” See more for yourself, here. NewsBTC believe that Stiglitz is wrong. So...

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Bitcoin (BTC) Could Take Off Without Retesting Support Line As Bears Continue To Lose Strength

Bitcoin (BTC) currently follows a clear symmetric correction replicating similar price action as during the 2017 rally except in the opposite direction. The time frame for these moves also appears to be similar. In other words, Bitcoin (BTC) correction is a mirror image of its last year’s rally. While Bitcoin (BTC) sentiment is near an all time low and the bulls are nowhere to be seen, it is pertinent to note that the bears are nowhere to be seen either. Recent discussions of a Bitcoin ETF being around the corner have convinced most bears to take their money and leave....

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Bitcoin Is About To Get A New Home, It’s Called Bitcointopia, But We Prefer Bit Vegas

Imagine if Bitcoin got its own Disney World. A magical land built upon imagination and in this instance, blockchain technology. Well, according to BTCManager, we’re about to see a project of this nature spring up within a 3,000 acre plot in Elko County, Nevada, USA. Named ‘Bitcointopia’ the project is set to build a futuristic city based on blockchain technology and cryptocurrency. The official currency for Bitcointopia will of course be Bitcoin, and Bitcoin will be available to the masses who use the city. All bills, services and local commerce will be payable with Bitcoin and moreover, land within the...

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Institutional Investment Through Bitfinex Will See Bitcoin To The Moon

Major cryptocurrency exchange Bitfinex have announced a new partnership that promises to bring a new wave of institutional investment into cryptocurrency through the Bitfinex platform. According to Finance Magnates, Bitfinex have announced a partnership with Markey Synergy GmbH. Market Synergy operate along a trading platform that allows institutions to trade in cryptocurrencies. Through this partnership, Bitfinex hope to bring a number of Market Synergy’s clients into the Bitfinex exchange, allowing for a greater level of investment from institutions such as banks and hedge funds. As we know, these are the investors with the money, so in theory, this move by...

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XRP Looks Less Volatile Than Bitcoin So Is More Attractive To New Investors

With the markets looking so volatile at the moment, we want to see how price changes are impacting perceptions of certain cryptocurrencies. Bitcoin, being the world’s most prominent crypto, does suffer from volatility. The price of Bitcoin changes dramatically even with small market shifts, this is down to the high value of Bitcoin though. Ultimately, 1% off 1000 is a far greater change in value than 1% off 0.10, even though by percentage, the change is the same. (1000-1%=990, 0.10-1%=0.09). Over the past month, the price Bitcoin has fallen on average at around 5%. During this time, Bitcoin has risen...

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