Analysts Disproves Cryptocurrency Money Laundering Article by the WSJ

Analysts Disproves Cryptocurrency Money Laundering Article by the WSJ

It’s no secret that some media outlets and journalists have a grudge against the decentralized cryptocurrencies. The main reason for this is that some media outlets favor and benefit from the centralized system. Sometimes, they are even paid to write ill about cryptocurrencies just to hinder their widespread popularity. As any news about cryptocurrencies tends to be widely popular amongst the readers, and some of the media sources write about these digital assets without even…

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Crypto Data Company CoinMarketCap Rolls Out Cryptocurrency Indices on Bloomberg, Reuters, NASDAQ

Crypto Data Company CoinMarketCap Rolls Out Cryptocurrency Indices on Bloomberg, Reuters, NASDAQ

CoinMarketCap has long been one of the leading data collectors and distributors for cryptocurrencies and digital assets. Now, it has launched two cryptocurrency benchmarks on financial data feeds from Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Germany’s Börse Stuttgart, as well as on their own platform. The news came Wednesday when CoinMarketCap announced the launch of its indices in a blog post on its website. CoinMarketCap claimed that their…

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Venezuela’s Maduro Regime Targets Cryptocurrency Remittances to Finance Itself

Venezuela’s Maduro Regime Targets Cryptocurrency Remittances to Finance Itself

According to a report published by Bloomberg back on January 31st, Venezuelans were moving to the black market to buy dollars because the officially sanctioned government exchange rate rose way above the black market rate. The same report also says that the reason behind what caused the reversal of the long-time dynamic and collapse in the supply of dollars is still uncleared. Due to the excessive fees of the official exchange, people were forced to…

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Digitec Galaxus Becomes the First Swiss Online Retailer to Accept Cryptocurrencies

Digitec Galaxus Becomes the First Swiss Online Retailer to Accept Cryptocurrencies

The biggest online retailer in Switzerland, Digitec Galaxus, has recently announced that it will now accept cryptocurrencies as a medium of exchange, according to a press release published on March 19. According to ecommerceDB, an e-commerce data platform, Digitec Galaxus was first launched in 2010, it is the world’s 100th biggest online retailer, and in 2018 had net sales of over $811 million, which seem only to increase this year. Digitec Galaxus, from now on,…

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The Winklevoss Twins Don’t Seem Bothered by the Crypto Winter

The Winklevoss Twins Don’t Seem Bothered by the Crypto Winter

All of us remember the infamous Winklevoss brothers from the 2010 movie, The Social Network. These were the same brothers who sued Mark Zuckerberg for stealing their idea of Facebook and making it his own. The twins settled after being paid millions of dollars as well as certain amount of FB shares. The twins did not stop just there. After earning millions of dollars from their settlement, the brothers came across the next big thing,…

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Bitcoin Price Technical Analysis (March 18th): Stuck Between Support and Resistance

Bitcoin Price Technical Analysis (March 18th): Stuck Between Support and Resistance

Looking at the chart below, we can see that BTC is trading at around the $4,000 mark. The price is contained between channels with some false breakouts, and an upper limit acting as resistance at $4,161 and lower limit acting as support at $3,765. Since there could be false breakouts, it is not recommended to take a long position immediately after the breakout. Dow Theory According to Dow Theory, BTC is currently appearing in an…

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Armed Robbers Steal a Bitcoin ATM from a Shop in the UK

Armed Robbers Steal a Bitcoin ATM from a Shop in the UK

When it comes to news about some sort of online theft, one can easily expect Bitcoin or other cryptocurrency to be involved especially due to the anonymity that digital currencies offer their users. However, unlike most other thefts in which the actual Bitcoin is stolen, a unique armed robbery happened in a shop in Northampton, England, when masked robbers attempted to rob the Bitcoin ATM that was installed in the store. How did this robbery…

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Yale Finance Professor: Bitcoin Is neither a Great Currency nor Good Store of Value

Yale Finance Professor: Bitcoin Is neither a Great Currency nor Good Store of Value

On March 15th, a Yale professor gave an interview in which he says that Bitcoin is not a great store of value or currency. William Goetzmann, an expert on the history of finance and director of the International Center for Finance at the Yale School of Management, a person with a long history in finance, has quite a bit to say about what he thinks of cryptocurrencies, particularly Bitcoin (BTC) as an asset that stores…

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TRON Founder Expresses an Optimistic View about the Future of Bitcoin and Cryptocurrencies

TRON Founder Expresses an Optimistic View about the Future of Bitcoin and Cryptocurrencies

Kicking off the year with a strong start, the Chief Executive Office of TRON (TRX) Justin Sun says he believes Bitcoin and other cryptocurrencies have a promising future ahead of them. The sustenance of the crypto ecosystem has been a disturbing question since the crypto plunge in 2018 that sent Bitcoin, the largest cryptocurrency, down by about 85% of its value in 2017. Crypto enthusiasts, as well as investors, have all been worried sick of…

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Green Is the Answer? Bitcoin Miner Turns Profit by Going Solar

Green Is the Answer? Bitcoin Miner Turns Profit by Going Solar

There has been a lot of talk online about the environmental and energy footprint of Bitcoin mining. Critics have thrown around numbers like the 1,100 percent growth rate of Bitcoin over the last few years and the fact that Bitcoin mining consumes the same amount of energy today as a small sized country. While there is some truth to the numbers, the problem is with the projections laid out based on these numbers. The expectation…

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