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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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The Development Of Blockchain & Crypto In Malta

Blockchain is one of those things where you either love it or you hate it. It has divided many opinions from many authorities around the world. If you’re reading this article, you are probably a fan of blockchain but in places like China, they oppress the industry and are even trying to ban coins. But then places like Malta are paving the way for blockchain business, are giving a inch of hope to an emerging industry. As reported by the Daily Hodl: “Last year, the Maltese government took a historic step towards legalizing blockchain and cryptocurrency. Malta was the first...

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Gaming Bitcoin On A Nintendo Switch?

Throughout the world, Bitcoin has split opinions. The famous American investor Warren Buffett once referred to Bitcoin as ‘rat poison’ and there are many people out there who would agree with him. But then there are people who have the same outlook as us, who love Bitcoin - and the crypto space as a whole. Bitcoin is a form of money that is outside of the government’s reach, it’s a store of value, a hedge in a dwindling economy and potentially can be a life-changing investment. Others will see Bitcoin as a technology that they can mess around with just...

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Indian Cryptocurrency Regulation Is Ready(ish)

India’s new finance secretary has reportedly confirmed measure to introduce country wide regulation of digital currencies.  Coming ahead of the G20 summit the report, set to be submitted to India’s finance minister, is set the open the way for potentially hundreds of millions of new users of digital currencies such as Dragon Coin. After more than a year of analysis and debate finance secretary, Subhash Chandra Garg said, ‘we will submit it to the finance minister (soon). Of course, once the approval is done, it will be made public.' Hopes of a resolution faded after the draft regulation expected in...

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