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Russian nuclear scientists arrested for Bitcoin mining plot

February J, 2018

Russian nuclear scientists arrested for Bitcoin mining plot Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies. The suspects had tried to use one of Russia's most powerful supercomputers to mine Bitcoins, media reports say. The Federal Nuclear Centre in Sarov, western Russia, is a restricted area. The centre's press service said: "There has been an unsanctioned attempt to use computer facilities for private purposes including so-called mining." The supercomputer…

Wells Fargo strategist – Bitcoin and the market are correlated

February J, 2018

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Wells Fargo strategist – Bitcoin and the market are correlated Assessing risk is a good gauge for determining stock market and cryptocurrency movement, says Wells Fargo strategist. Wells Fargo raises its price target for equities up by 10 percent this year. Both the market and bitcoin are now beginning to recover from dips earlier this week. If the bitcoin bubble bursts, the stock market may go down along with it, said Christopher Harvey, head of equity strategy at Wells Fargo,…

Bitcoin drops below $6,200 for first time in three months

February J, 2018

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Bitcoin drops below $6,200 for first time in three months The virtual currency fell to $6,190 for the first time since mid-November, according to Bloomberg News, and represents the latest hammering for a unit that saw a stratospheric 26-fold rise last year. Bitcoin plunged 20 per cent to a three-month low today, its latest sharp loss following a series of setbacks for the cryptocurrency that, with a collapse across global mainstream markets adding to the selling. The virtual currency fell…

Bitcoin Not Giving a Big Enough Hit as âGateway Drug’

February J, 2018

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Bitcoin Not Giving a Big Enough Hit as ‘Gateway Drug’ Interest in Bitcoin hit its high point leading up to its own high of $20,000 in the middle of December last year. Interest peaked, not only in investing circles, but also in the mainstream as Bitcoin became the buzzword on everyone's lips. This adoption was championed by Bitcoin as it welcomed millions of users to the cryptocurrency community, as expressed in Coinbase’s figures alone. However, in this fast paced ecosystem,…

Cryptocurrency Markets Move Back Into Green After Substantial Selloff

February J, 2018

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Cryptocurrency Markets Move Back Into Green After Substantial Selloff Cryptocurrency markets are rebounding today, Feb. 3, following yesterday’s multi-month low in Bitcoin's price. Most of the top 50 coins are in green, with 24 hour gains over 20 percent. In part due to pressure from misleading reporting on regulations in India, the overall cryptocurrency market took a massive nosedive starting Thursday, Feb.1, shedding more than $100 billion in market cap in the 24 hours following the news. However, after the…

Bitcoin is bottoming, expect a 70 percent surge â Trader

February J, 2018

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Bitcoin is bottoming, expect a 70 percent surge – Trader The old saying goes, "buy when there's blood in the streets," and that's what I'm doing with the recent bitcoin price action. Bitcoin traded to a low of $7,700, this level is a loss of 25 percent on the week and 40 percent on the year. That $7,700 low is ironic because it is the same level that it broke above and began a parabolic ascent in mid-November. I am…

Bitcoin Price Technical Analysis for 2nd Feb â Another Nearby Support

February J, 2018

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Bitcoin Price Technical Analysis for 02/02/2018 – Another Nearby Support Bitcoin Price Key Highlights Bitcoin price went on another leg lower after breaking below a short-term triangle consolidation pattern. Price is now testing another potential support at the bottom of its falling wedge pattern visible on the 4-hour time frame. Price could bounce off this area and make another test of the wedge resistance around the $10,000 area of interest. Bitcoin price can’t quite catch a break as it…

Bitcoin Price Looking Heavy As News Turns Negative

January J, 2018

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Bitcoin Price Looking Heavy As News Turns Negative Bitcoin's possible upside appears capped by a recent run of negative news. Following a hack against the exchange Coincheck last week, CoinDesk's Bitcoin Price Index (BPI) turned lower from $11,942 (Sunday high), ultimately hitting a low of $11,110 at 09:59 UTC Monday. Still, what may be more notable is not the recent price (which continues its sideways 2018 trajectory), but the changing narrative for potential buyers. Though the Coincheck news…

How Chinese Bitcoin Buyers Are Getting Around Government Ban

January J, 2018

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How Chinese Bitcoin Buyers Are Getting Around Government Ban Chinese citizens are still investing in Bitcoin and the cryptocurrency market despite the government’s heavy crackdown. In September 2017, Chinese cryptocurrency exchanges BTCC China, Huobi and OKCoin were ordered by the government to shut down their businesses. At one point, executives of the three cryptocurrency exchanges were prevented from leaving the country, due to a government investigation into local cryptocurrency exchanges. Three months later, in December of 2017, China’s three largest…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano – Price Analysis, Jan. 25

January J, 2018

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano – Price Analysis, Jan. 25 The massive upwards movement in cryptocurrencies over 2017 has not gone unnoticed. The participants at the World Economic Forum (WEF) in Davos are being questioned about cryptocurrencies and Cointelegraph has been one of the main voices representing the fraternity. The traditional investors are still not willing to accept the rising clout of the cryptocurrencies and are pushing for tighter regulation. Only recently, Nordea Bank banned its…