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Barhydt Believes Japanese Government Benefited Bitcoin Boom

What an awful lot of alliteration there. Bill Barhydt, CEO of Abra has told angel investor, Jason Calacanis why he believes the 2017 Bitcoin and cryptocurrency boom took place in a recent interview for Calacanis’ website, ‘This Week in Start-ups’. Catch the interview for yourself, here- http://thisweekinstartups.com/bill-barhydt-abra/ He believes that the intervention of the Japanese government in approving blockchain technology was enough to see the cryptocurrency economy stretch beyond unimaginable limits. Through their approval, Barhydt believes that investors and potential investors where assured that both cryptocurrency was safe, and that cryptocurrency was legal and thus took their approval as permission...

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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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