Category: Bitcoin News
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Federal Trade Commission Issues Warning on Bitcoin Blackmail Scams
The U.S. Federal Trade Commission (FTC) is blowing the whistle on of a new Bitcoin blackmail scam—one purportedly targeting men with a disposition for extramarital “activity.” According to the government’s consumer protection watchdog, allegedly unfaithful men are being sent letters by scammers demanding a “confidentiality fee,” payable in Bitcoin, in return for silence. The letters also…
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This Bitcoin Indicator Uses CNBC Tweets to Predict Crypto Price Rallies
With more Bitcoin ETF decisions on the horizon, cryptocurrency traders are adopting new methods to forecast upcoming rallies–including trader Jacob Canfield, who has developed a Bitcoin indicator that uses CNBC tweets to predict prices. CNBC Tweets Contradictory to Price Action Canfield’s Bitcoin indicator displays a Bitcoin price chart labeled with bullish and bearish CNBC tweets,…
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Another Day, Another ETF Denial: SEC Rejects 7 Bitcoin ETF Proposals
Retail investors have long awaited a Bitcoin ETF to draw in an influx of new institutional capital. On Aug. 22, the SEC denied seven Bitcoin ETF proposals from ProShares and Direxion. This article was co-authored by Avi Felman and Jonathan Kim. Bitcoin ETF Approval Far from Here The Securities and Exchange Commission (SEC) has filed seven…
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A Three-Headed Mess: Bitcoin Cash Headed Toward Messy Three-Way Split
Once a unified front, the leadership of Bitcoin Cash has fractured into warring factions, and it appears that it’s headed toward not one, but two contentious forks. In this, we’ll review Bitcoin’s history, from its first hard fork to the details of Bitcoin Cash’s upcoming three-way split. 2009 – The Genesis Block In January 2009,…
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BTC Spikes to $6800, BitMEX Down for Maintenance
Bitcoin has stormed out of its week-long consolidation in truly dramatic fashion, yet the timing of the monster $5 billion buy rally has prompted a torrent of accusations from BitMEX users — seeming to coincide perfectly with the exchange’s scheduled downtime. Bitcoin bulls seemed to come out guns blazing in one of the largest buy…
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eToro Signs Advertisement Deals with Seven Premier League Teams
Shortly after adding IOTA to its platform, eToro has unveiled a flurry of partnerships with seven premier league teams. The football (soccer) teams included in the deal are: Southampton Tottenham Hotspur Crystal Palace Newcastle United Cardiff City Leicester City Brighton & Hove Albion Credit to @ElliottGotkine This exciting partnership will help bring awareness to Bitcoin and other…
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Bitcoin-Friendly Square’s Cash App Grows in Favor Despite Bear Market
PayPal’s Venmo is losing favor to Square’s cryptocurrency-integrated payments application Cash, according to data collated by Japan’s Nomura Instinet and research firm Sensor Tower. Cash vs. Venmo A brief glance at various forums indicates that Cash has more than 33.5 million downloads, with 80,000 reviews on the Apple App Store and 35,000 on Google Play.…
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Bitmain: Unicorn IPO or Massive Fraud
In early August, Beijing-based Bitmain Technologies announced its plan to go public in Q4 2018 to much excitement and fanfare. The Chinese cryptocurrency company, founded in 2013 by Jihan Wu and Micree Zhan, has long been a powerhouse in the cryptocurrency space. As a pioneer of ASIC mining chips, Bitmain controls approximately 70 percent of…