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LA Bitcoin Trader Faces 30 Months In Jail

Cryptocurrency has never been favoured or supported by the mainstream media, but this week's news that an LA trader is facing jail time for their trading of Bitcoin, one of the biggest worldwide digital currencies, is bringing strange new attention to this new financial frontier. Facing over two years in jail, prosecutors have argued that the Los Angeles-based Bitcoin trader has been illegally operating a money transmitting business, supposedly against California law. The woman in question was making over $300,000 a year by trading Bitcoin on a specialised website from 2014 to 2017 and ultimately made trades worth over $6...

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Kenya Has Its First Bitcoin ATM

The first Bitcoin ATM has been installed in Nairobi, making it the first in East Africa, which makes it possible to purchase Bitcoins and Litecoins instantly. The traders can purchase the cryptocurrencies for as little as $5, and they can pay for them in both dollars and Kenya shillings. Speaking of the ATM, Bitcoin entrepreneur Wangechi Kariuki said; “The transaction is simple, taking less than two minutes; You can get as many Bitcoins as the value of your cash.” Although this is the first digital currency ATM that has been installed in East Africa, South Africa installed it’s first four...

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Why Australia Wants Some Of Your Bitcoin Gains

Australia is moving towards requesting all cryptocurrency exchanges to report to the Australia Taxation Office, in order for them to collect Capital Gains Tax on all cryptocurrency gains, which essentially means that they will be classified as assets. Liz Russel, who is a senior tax agent at a private Australian online tax return service revealed how the Australian Taxation Office will treat the cryptocurrency gains, so people know what to expect from it. Australia is in the middle of an ongoing debate, regarding the classification of cryptocurrencies. This is the case for a number of countries, as there is no...

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Will Bitcoin Rise To $60,000 Before The End Of The Year?

Everyone is aware that 2017 was a year of huge highs for Bitcoin, with the cryptocurrency proving itself to be the most resilient. The form of spending hit a record high of $19,796 per coin last year, sending the world into overdrive about what Bitcoin actually is and how it's performing so well (especially considering it's still difficult to spend in the majority of stores). It's been predicted by experts that by the end of 2018, Bitcoin can and will triple its record high value, potentially reaching $60,000 (although some experts have predicted it to be $50,000). The price of...

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Binance CEO Talks About The Bitcoin Correction Point

CEO of Binance, Zhao Chengpeng, issued a statement reminding Bitcoin users not to be overly concerned by the current level of volatility in the market. He also pointed out that Bitcoin hasn’t seen a ‘flat’ price chart to date. Despite this, many users appear to believe the BTC price was relatively flat prior to the massive surge in price towards the end of 2017 and the spectacular pricing slump that followed in early 2018. What those people may not realise is that history often repeats itself, especially in the world of Bitcoin. Every financial market around the globe is subject...

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