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Tag Archives: Bitcoin

Jerome Powell: If USD Was Digital, BTC Would Vanish

Federal Reserve Chairman Jerome Powell took the stand to discuss bitcoin and other cryptocurrencies with the U.S. Financial Services Committee. He stated to the panel that if the United States had its own digital currency in play, bitcoin would serve no purpose and would ultimately disappear. Jerome Powell Doesn’t Appear Against the Idea of a National Digital Currency Powell explained: One of the arguments that are offered in favor of a digital currency: you would not...

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Saquon Barkley to Garner All Marketing Money in BTC

It does not always look like football and bitcoin would go together, but today, we are being given another example of how they do in the form of New York Giants running back Saquon Barkley, who has agreed to a deal that will give him all his marketing money in bitcoin. Saquon Barkley Is Now a Bitcoin Devotee Barkley has become a major crypto fan over the years. So much so, that he is now willing to accept all the money from his recent endorsement deals in the world’s...

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Nassim Nicholas Taleb: Bitcoin Is Way Too “Fragile”

Nassim Nicholas Taleb – the author of “Black Swan” – does not think much of bitcoin. Taleb Is No Longer a BTC Fan In the past, Taleb has been a huge advocate of the digital currency. He has commented that individuals “cannot ignore the bitcoin story,” claiming it had come quite far in the time it had been available to traders. He touted it as a powerful asset, and it was time to take the currency seriously. However, now it looks like Taleb is reversing his stance. In a...

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Some Analysts Do Not Think Bitcoin Is Protecting Anyone Against Inflation

What the heck ever happened to bitcoin serving as a tool that works against inflation? Bitcoin garnered this reputation last year during the coronavirus pandemic, but as it turns out, prices are continuing to rise, and the world’s number one digital currency by market cap has seemingly failed to get in the way. Bitcoin Is Not Working to Halt Inflation Many analysts are beginning to wonder why bitcoin is allegedly refusing to do its job. For the longest time, bitcoin was...

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This Summer Is Proving to Be a Harsh Time for Cryptocurrency

Summer is often a mixed time for cryptocurrency. In both 2018 and 2019, assets like bitcoin and Ethereum ultimately garnered mild gains here and there that caused several analysts and financial heads to think that the space was entering a period of recovery following massive prior drops. Cryptocurrency Sees Its Figures Drop During June This time around, however, cryptocurrency has been suffering heavily, and it does not look like things are on the verge of recuperating....

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Coin Shares: Europe Is Turning Its Back on Crypto

Crypto volumes are continuing to fall through the floor, and according to the latest data from digital asset manager Coin Shares, trading numbers have dropped to their lowest levels. Coin Shares Data Suggests an Ugly Exodus Bitcoin has taken one of its nastiest dives in history. The world’s number one digital currency by market cap was trading for a new all-time high of approximately $64,000 per unit in mid-April, though at press time, it is trading for approximately...

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Aaron Laws Gets Three Years in Jail for Bitcoin Fraud

It looks like a thief’s love of bitcoin has gotten him in big trouble with American legal authorities. 33-year-old Aaron Laws of Atlanta, Georgia was recently sentenced to approximately three years in prison for allegedly stealing credit card numbers through Apple Pay to purchase bitcoin and more than $600,000 in luxury goods for himself. Aaron Laws Is Heading to Prison According to prosecutors in Washington state, Laws bought more than 500 individual credit card numbers...

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Katie Ananina Helps Crypto Holders Keep Their Money Through Repatriation

A Russian woman named Katie Ananina has started a business that allows Americans, Canadians, Australians, and residents of the United Kingdom garner new passports as a means of avoiding taxation on their bitcoin and crypto holdings. Katie Ananina Wants You to Keep Your BTC Ananina first arrived in the United States in 2016. She garnered a green card after proving herself to be one of the best sailing instructors around, but she has since turned her attention to helping...

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How One Man Is Trying to Access His Deceased Brother’s Bitcoin Stash

A young man who committed suicide a few years ago left a massive bitcoin fortune worth more than $300,000 that his family cannot access. A Lot of Bitcoin That’s Inaccessible The brother of the man took to Reddit to seemingly ask bitcoin enthusiasts what his sibling’s password might be. He also asked if it was “morally wrong” to potentially garner access to the bitcoin stash, which contained as many as ten separate units. The person in question relayed the story of his...

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Bitcoin Price Analysis: BTC Prepares For Another Decline

Bitcoin price started a fresh decline after it failed to surpass $35,000 against the US Dollar. The price is now trading well below the $34,250 zone and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $30,000 support zone in the near term. Bitcoin price is slowly moving lower below $33,000...

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