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Buterin: Bitcoin SV Is A “Complete Scam”

The co-founder of Ethereum, Vitalik Buterin has solidified his outlook on Bitcoin SV as he calls it a “complete scam” in a new interview. Speaking with the YouTuber Hardcore Crypto, Buterin left little room for interpretation regarding his thoughts on Bitcoin SV. the Ethereum co-founder also gave his thoughts on decentralised exchanges and the worryingly centralised accumulation of power by Binance. Speaking to Hardcore Crypto: “Obviously BSV is a complete scam, but the delisting from Binance – that was interesting. There’s arguments in favour of it, but then there’s also an argument that this is a centralized exchange that’s wielding...

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XMR: Could A Monero Hard Fork Lead To Unprofitable Mining?

Once again it seems that Monero has split through means of a hard fork to keep the ASIC miners off their back, who take over the network after a time and are seemingly disliked by the community surrounding Monero. Monero would prefer to be a CPU, at most a GPU coin, which is mined by the people who use it. In discussing Monero’s moves, Binance released a new report over the weekend.   The crypto exchange noted that there was some backlash related to permanently kicking ASIC miners off the network. For those that don’t know, here’s a quick summary...

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Senior Trader: “The Market Is In An Identity Crisis, Trying To Find A Place To Stabilize”

It’s only Wednesday but it’s been a strange week for Bitcoin. The price has been all over the place as far as we can tell with is currently sat around the $7,830 range following a 1.8 percent change over the past 24 hours. According to Bloomberg, the GTI Vera Convergence-Divergence indicator has flashed ‘sell’ for the first time since April. The indicator measures both positive and negative trends and has been showing positive signals for most of the year so far. A senior trader at Greenwich, Jake Stolarski told the outlet: “The market is in an identity crisis, trying to...

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Bitcoin (BTC): Why This Is Not The Fall That Takes The Price Below $3,000

Bitcoin (BTC) declined below $8,000 within days of testing the $9,000 mark. This goes on to show that a lot of professional traders who rode the parabolic rally cashed out near the $9,000 mark. However, just when retail bears think this is the time for further continuation of the downtrend, we might expect another rally to the upside that will end up testing the 38.2% fib retracement level from Bitcoin (BTC)’s all-time high. The daily chart shows that BTC/USD has now broken below a large ascending wedge and has also broken the parabolic uptrend. We are likely to see a...

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How Valid Is The SECs Suit Against Kik?

Earlier today we published an article on how the messaging app Kik is being sued by the United States Securities and Exchange Commission for its $100 million Initial Coin Offering. The agency contends was an unregistered securities sale with the regulator building up a strong case in its initial court move. In a complaint that was filed yesterday, the SEC alleged that the messaging app violated federal securities law by not registering its ‘Kin’ token sale. A few attorney’s from America have had their say on the whole lawsuit fiasco including a principal at Smolinski Rosario Law, Nelson Rosario who...

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