Following a statement by Ray Dalio, American billionaire investor, founder of major global investment firm Bridgewater Associates, that governments would outlaw bitcoin (BTC) should it get too big, multiple responses came out from the Cryptoverse on why this is impossible, or at the very least, highly unlikely. If bitcoin becomes "material, the governments won’t Read…
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Bitcoin price started a steady upward move after there was a close above the USD 15,600 resistance. BTC even spiked above the USD 15,850 resistance, before correcting lower again. The price is currently (05:00 UTC) trading below USD 15,800, with a strong support at USD 15,500. Besides, most major altcoins are stuck in a broad…
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Today, the most popular cryptocurrency, bitcoin (BTC), surpassed the USD 16,000 level for the first time since January 2018, getting closer to its all-time high of USD 20,000. BTC was above USD 16,000 for around half an hour before correcting lower. At pixel time (10:39 UTC), BTC trades at USD 15,923 and is up by…
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An expert has claimed that the Russian Ministry of Finance’s plans to hit crypto holders with jail time if they fail to declare their earnings may be misguided – and said that while “dirty” crypto deals regularly go through unchecked in the country’s capital, the Kremlin may seek to punish ordinary crypto traders in their…
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Crypto is dominating the headlines across the board in Argentina, with an ambitious private member’s bill proposing the legalization of cryptoassets and the launch of a central bank digital currency (CBDC) heading toward a parliamentary vote. According to iProUp, the bill has been masterminded by Ignacio Torres, an MP for the main opposition coalition party…
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A new survey suggested that central banks may be on the hunt for a hedge – a search that may lead some directly to digital gold, bitcoin (BTC), albeit via the central banking sector’s default asset of choice: gold. In a new report focusing on the status of gold reserves in central banks conducted by…
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A compilation of Bitcoin ATM pictures, posted by Reddit users. A company called First Bitcoin Capital, freshly acquired by the software company BOTS, said it is looking to start collecting royalties from bitcoin (BTC) ATM operators and manufacturers, and potential copyright infringement offenders – and said it has already hired lawyers as part of its…
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In the past two days, bitcoin price struggled to gain momentum above the USD 15,500 and USD 15,600 resistance levels. At the same time, BTC remained well bid above the USD 15,000 and USD 15,200 support levels. The price seems to be stuck in a range and it is currently (05:00 UTC) trading near the…
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When it comes to bitcoin (BTC)’s nearest future, similar to what was seen since March 2020, BTC whales accumulation will drive further appreciation in price in November, Kraken Intelligence, the exchange’s team of in-house researchers, estimated. Therefore, be prepared for even higher volatility this month. The researchers compared the number of coins held in wallets…
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In what is presented as the first US criminal case involving bitcoin (BTC) that has a tax component, a software engineer was sentenced to nine years of prison for 18 federal felonies related to his scheme to defraud software giant Microsoft, his former employer, of more than USD 10m. The convict used a bitcoin mixing…
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