Crusoe Energy Systems Builds Gas-to-Computing Crypto Mining Farm

Crusoe Energy Systems Builds Gas-to-Computing Crypto Mining Farm

Adding to the increasing number of major cryptocurrency facilities in the global crypto ecosystem, the Denver-based energy company Crusoe Energy Systems is set to launch a new Bitcoin mining farm after raising $70 million. Crusoe Energy Systems is well known for its role in the oil and gas industry. As a matter of fact, the company is looking to help mitigate gas flaring by channeling this wasted energy to its new Bitcoin mining facility. With…

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Thailand’s Police Arrested 24 Chinese Citizens Over Bitcoin Call Center Scam

Thailand’s Police Arrested 24 Chinese Citizens Over Bitcoin Call Center Scam

According to local news outlets in Thailand, 24 Chinese have been arrested in the country under the accusation of running a crypto investment scam. The authorities conducted the raid in a call center where the Chinese nationals were allegedly conducting a Bitcoin(BTC)trade con scheme. One of the news outlets who reported the events of the arrest, Chiang Rai Times, further detailed that the alleged scam had been operational since March of this year. Currently, the…

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Brazil’s IRS Sets Rules to Fine Citizens Who Don’t Declare Crypto Holdings

Brazil’s IRS Sets Rules to Fine Citizens Who Don’t Declare Crypto Holdings

The Internal Revenue Service (IRS) in Brazil has established a specified code to categorize punishment for taxpaying citizens who fail to declare their cryptocurrency operations and holdings. This can be seen as Brazil’s major attempt to take a stronger control over the Bitcoin(BTC)trade and other digital currencies trade and exchange in the country. The new rules have already been enforced in Brazil as per the Federal Official Gazette’s publication of the briefings of the executive…

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The First Bitcoin-Featured Commercial Advertised on French Television

The First Bitcoin-Featured Commercial Advertised on French Television

Bitcoin has enjoyed its first television commercial on free-to-air station across France. The 30-second video promotes Keplerk, a financial-technology firm based in Paris, and its services. Currently, the ad is running on TF1, France’s national on-air station. Keplerk provides a virtual platform for consumers to exchange traditional fiat money for the digital currency Bitcoin(BTC)trade through exchange services in 6,500 different locations. The commercial features different functions offered by the company where customers can purchase vouchers…

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Almost 70% of Crypto Hedge Funds Will Close this Year Due to Volatility

Almost 70% of Crypto Hedge Funds Will Close this Year Due to Volatility

Crypto Fund Research, one of the largest databases of crypto hedge funds based in San Fransisco, conducted an analysis and found out that almost 70 crypto hedge funds will be closing this year, as reported by Bloomberg. The hedge funds in focus mainly catered to family offices, pensions and affluent individuals. The research also found that less than half number of crypto hedge funds that started last year are newly launched funds. The cutback in…

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Asset Manager WisdomTree Rolls Out Bitcoin Exchange-Traded Product

Asset Manager WisdomTree Rolls Out Bitcoin Exchange-Traded Product

WisdomTree, a New York-based exchange-traded fund (ETF) issuer and asset manager, has launched a physically backed Bitcoin exchange traded product (ETP). On December 3rd, WisdomTree announced the Bitcoin news of its latest venture in the cryptocurrency sector. The asset management firm currently holds over $60 billion in client assets since its launch in June 2006. WisdomTree Bitcoin ETP (BTCW) was registered on SIX, the Swiss Stock Exchange, yesterday, totaling its expense ratio of 0.95%. It…

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Report: Coinbase the Largest Bitcoin Holder Among Exchanges with Over $7B

Report: Coinbase the Largest Bitcoin Holder Among Exchanges with Over $7B

On December 2nd, the Reddit user webb32503 posted a screenshot from a research by the blockchain security firm PeckShield and the software company BitUniverse on a Bitcoin subreddit of Bitcoin(BTC)trade holdings that various crypto exchanges possess. At the top of the list is Coinbase with a total of 966,230 BTC, which is worth over $7 billion in the current Bitcoin price. The leading crypto exchange based in the United States is significantly ahead of other…

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Bitcoin Price Technical Analysis (Dec. 2): No Indication for a Breakout

Bitcoin Price Technical Analysis (Dec. 2): No Indication for a Breakout

When looking at the chart below we can see that Bitcoin(BTC)trade is trading at $7,300. The largest cryptocurrency by market capitalization is trading within the channel with $7,600 acting as resistance and as the channel upper limit, and $7,190 is acting as support and as the channel lower limit. The lower limit is confirmed by the formation of a morning star pattern and the upper limit is confirmed by the formation of a piercing pattern….

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PayPal CEO Dan Schulman Rolls Over to the Pro-Crypto Side

PayPal CEO Dan Schulman Rolls Over to the Pro-Crypto Side

Widespread jubilation hit the global crypto community as yet another tech boss swims over to the pro-Bitcoin side. This time it’s PayPal CEO, Dan Schulman. Quoting his very words, Schulman stated, “Yes. Bitcoin” when asked if he holds any digital currency. These two magical words are more than a simple answer. Coming from Schulman, this answer is more like an endorsement and a reassurance that Bitcoin(BTC)trade still holds the spot of the world’s most celebrated…

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Did the Purported Fraud PlusToken Manipulate the Bitcoin Price?

Did the Purported Fraud PlusToken Manipulate the Bitcoin Price?

This year has been a great year for the crypto world. Okay, not as great as the 2017 craze, but it is a long way up compared to what we saw last year. As good as that sounds, several indicators show that the price curve was, in fact, influenced by some in-house players. Could PlusToken, which is accused of a $3.2 billion fraud, be the reason for the bull and bear price actions in the…

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