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CME Bitcoin Futures Trading Volumes Sky Rocket

Towards the end of last year, CME Group, the operator of the world’s largest futures exchange, launched its Bitcoin futures product. Unlike the year so far, last year told a different story for cryptocurrencies and the market absolutely surged in value. Tim McCourt, the managing director and global head of equity products and alternative investments, spoke how their Bitcoin futures product had actually become incredibly popular, saying; “It [trading volume] is steadily increasing each month.” According to figures issued by the company, back in December, the average daily trading volume was about 1,600 contracts, but in just three months, this...

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Bitcoin Price Could Plummet In A Week

Tax Day in the USA is almost like a national holiday for the Internal Revenue Service (IRS). Imagine your birthday, Christmas and Easter all at once. Tax Day, dictates a deadline for self-assessed tax payments to be made by, to the IRS. This year, it falls on the 17th of April. At the moment, cryptocurrency markets are still looking bleak, Bitcoin specifically stands at $6736.68, down 1.87% at the time of writing this piece. Therefore, heading in to Tax Day, things really aren’t looking that promising. As we know the IRS are clamping down on the taxation of cryptocurrency assets...

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Corrupt Representatives Of The Law Found To Be Extorting Bitcoin From Victims

According to the Hindustan Times (India) eight police officers have been arrested by the Gujarat Criminal Investigations Department (GCID), with two eventually being charged for the extortion of 200 Bitcoins from a Surat businessman. The report by the Hindustan Times refers to the extortion being delivered through a random to set the businessman free, suggesting that the business man was physically held hostage until he paid out. The GCID have not yet found any evidence of a Bitcoin transfer (due to the nature of the blockchain, obviously) but do have a wealth of evidence to support claims of abduction, hostage...

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Bitcoin Twitter Ban - The Plot Thickens

This afternoon we published an article about the Bitcoin Twitter page being suspended. Since posting, it now seems that the Bitcoin Twitter account is now up and running again, to the surprise of many and seemingly, to the frustration of Lightning Network Investor, Jack. According to Bitcoin, the following happened- In any case, I'd love to hear a public explanation from @twittersupport about why #bitcoin competitor #LightningNetwork investor @jack disabled this account, gave it to someone else, only to return it in the face of public backlash with 750,000 fewer followers. #censorship — Bitcoin (@Bitcoin) April 9, 2018 Jack, has...

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Censorship Rife As Bitcoin Is Booted Off Twitter

At the time of writing this, it would be impossible for me to head to Bitcoin’s official Twitter page in order to find some interesting tweets to reference. That’s because Bitcoins official Twitter account has been suspended, due to a ‘violation of Twitter rules’. You can probably work out which rules Bitcoin have allegedly broken more specifically by referring to Twitters rules yourself, but I shall warn you that it’s a long document and it’s a document that changes all the time, Twitter even admit that themselves: “Please note that we may need to change these Rules from time to...

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