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How Bitcoin Heist Suspect Managed To Flee On Icelandic Prime Ministers Plane

It has been reported that the suspect who was reported to have been involved in a huge Bitcoin heist has reportedly escaped prison and fled to Sweden on the same plane that was also carrying the Icelandic prime minister. Sindri Thor Stefansson was the alleged mastermind behind the theft of 600 computers used to mine Bitcoin in Iceland. A crime he was sent to prison for. It has been reported that he escaped through the window of the low-security prison in rural southern Iceland where he was being held, before he boarded a flight to Sweden, that left from the...

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Bitcoin Is Still Considered A Crime In These Countries

Bitcoin was the first and the largest cryptocurrency, and was set up with the aim of replacing conventional currency. This has not completely happened, and although it has been accepted in more and more places now, becoming a viable payment option, you might be surprised to hear that it is actually still illegal in some countries. These are largely third-world nations, which are known to have struggling economics. Bitcoin nodes have been distributed throughout the whole world, which has formed a huge decentralised network without a central point of failure. This means that no government can close the whole Bitcoin...

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Indecisive Bitcoin (BTC) Could Slow Down Ripple (XRP) Rally

Ripple (XRP) which is the third largest coin by market cap is up almost 5% at the time of writing. This growth has been a lot more exuberant in the past few days when Ripple received a big boost in anticipation of a market recovery. However, the excitement fizzled out when Bitcoin (BTC) proved to be indecisive once again. Recent price movements hint a retracement to test the previously breached downtrend line again. If Bitcoin (BTC) holds that line as support, it will confirm a trend reversal and we can expect a recovery from them for most coins. As for...

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Bitcoin (BTC) Tax Day Hype Just Another Bull Trap?

Most investors in Bitcoin (BTC) expected a big pump after tax day which is why it did not happen. Makes sense? Let me put it this way, when you start trading you put your stop loss around all these beautiful trend lines and it fails you most of the time. Then you get to thinking why people actually draw trend lines if they are not supposed to work? A little more digging followed by practice and you realize that the point where you used to place your stop loss should actually be the point you open your positions. This is...

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As The Shadow Of Tax Day Passes, Bitcoin Could Reach The Moon

Today marks the US tax deadline, also known as Tax Day. As this date has been looming the past few months, many experts have put the low performance from the big cryptocurrencies like Bitcoin down to the fact people have been selling off their assets in order to square up their accounts ready for tax returns. Head of Research at Fundstrat Global Advisors, Tom Lee has said that with the deadline here, we should see all selling of crypto-assets for capital gains tax, halt, giving the markets a chance to re-cooperate and settle, before the next expected bull run. Which,...

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