On the Brink of…College? 'Bitcoin Baby' Receives BTC From Ad in The Times

A rather interesting listing has popped up in The Times of parents seeking to raise money for their newborn baby via Bitcoin donations.  ‘Bitcoin Baby’ Asks for College Donations Little Izabella Anna Bowles was born on January 6th, 2019. Her parents, however, have decided to waste absolutely no time in saving up for her college fund. Unlike…

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How Soon Could We Be Getting Taxed For Our Bitcoin?

The CEO and founder of Bittax, Gidi Bar Zakay has recently spoken to Bitcoinist at the Israel Bitcoin Summit on 8th January in Tel-Aviv about cryptocurrency tax obligations for users and how the regulatory landscape is taking shape across the world. To start with, Zakay was asked why he decided to launch Bittax and how…

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Crypto Mining Giant Bitmain Suspends Texas Mining Operations

Chinese crypto mining giant Bitmain has reportedly suspended its mining operations in the city of Rockdale, Milam County, Texas due to the collapse of the price of bitcoin. In August 2018, the Chinese crypto mining giant started to build its $500 million data center and mining facility at a section of the former Alcoa Rockdale…

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Bitcoin and Crypto Markets Face New Support Levels Following Today’s Drop

Bitcoin has failed to stabilize above $3,600, which is leading the crypto markets to now face new levels of support. Today’s downwards move has led many altcoins to plunge 6% or more, and they are showing few signs of major buying support near their current price levels. Analysts have mixed opinions regarding exactly where the…

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St. Louis Federal Reserve Report: Increased Supply of Altcoins Will Decrease BTC’s Value

The creation of competing altcoins is likely to place downward pressure on the prices of all cryptocurrencies, including Bitcoin (BTC). This conclusion was found by research conducted by the Federal Reserve Bank of St. Louis and published on Jan. 11. The report cites two perspectives: Bitcoin bulls’ belief that the capped supply and increased demand…

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New Analysis Finds That Less Than 1% of BTC Addresses Control Nearly 87% of BTC's Supply

A deep analysis of Bitcoin (BTC) addresses conducted by China’s state-run financial news publication, National Business Daily (NBD), reveals that about 0.7% of BTC addresses currently control 86.9% of the flagship cryptocurrency’s circulating supply. Moreover, analysts used data from BTC.com to conclude that this tiny 0.7% of BTC addresses own roughly $62 billion worth of BTC. To…

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What We Know About Yellow Vests’ Bank Run and How Crypto Could Help It

On Jan. 7, activists of the French grassroots political movement the Gilets Jaunes — Yellow Vests — announced a bank run via social media, essentially hoping to meet their goals by destabilizing the local financial system. Dubbed the “Collectors’ Referendum,” the movement’s latest demonstration calls on supporters to withdraw their savings from financial institutions on…

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Bitcoin Price Analysis: BTC Losses Coincide with China’s New Policies

Bitcoin Price slow down after sinking 10 percent China introduces new privacy quashing blockchain rules Trading volumes steady but bearish Even though today’s losses are low, there is hope for traders as long as Bitcoin prices are oscillating above $3,700. Drops below this minor support line could trigger sells towards $3,220 or lower in the…

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Analyst: Short-Term Correction Expected if Bitcoin Drops Below $3,600

Following a week of slow but steady gains Bitcoin fell off the digital cliff again yesterday with a flash crash that wiped out all progress made so far this year. Analysts are now looking at a short term correction if BTC can hold on to where it has currently fallen. Further Downside Expected on Consolidation…

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How A Global Recession Could Benefit Bitcoin

Many economists from around the world have predicted that a global recession is on its way which could very well happen next year. If this prediction comes to fruition then all cryptocurrencies will be in high demand according to a newly released report. Analysts at the cryptocurrency prime dealer, SFOX has said that a worldwide…

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Here Is How You Can Buy Bitcoin Using a Bank Account

A few years have passed since Bitcoin’s launch, the world’s first ever cryptocurrency known for starting what already is one of the biggest revolutions in the financial field. During these years, a lot has happened in the cryptosphere. Hacks, attacks, ICO scams, and incredibly high volatility are all part of the crypto environment. However, despite…

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French Tobacco Shops Start Selling Bitcoin Despite Regulatory Uncertainty

Several tobacco shops in Paris, France, have started selling Bitcoin (BTC) for fiat despite regulatory uncertainty, Reuters reports Tuesday, Jan. 8. Reuters has learned that the world’s largest cryptocurrency can now be purchased at six tobacco shops throughout Paris. However, in a contradicting report French magazine Capital has claimed that there are as many as…

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'It's Quite Cryptic': Normal People Explaining Bitcoin Shows It's Still Very Early

This video by Naomi Brockwell of ‘normies’ explaining Bitcoin reminds us there’s still a long way to go taking cryptocurrencies to the masses. Let’s be honest. Between wild price swings, sensational hash wars, Ethereum forks, 51% attacks, and bearish regulators, it’s easy to get caught up in the crypto space. And it’s equally easy to…

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Bitcoin Goes on Sale in 2 French Tobacco Stores

At least 24 tobacco shops have started selling bitcoin coupons in the French capital of Paris. Widely known as “tabacs”, the stores received regulatory approval for the cryptocurrency sales late last year. More than 6,500 tabacs – representing about a quarter of the registered tobacco stores in France – are expected to start offering BTC…

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Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency’s hold above $4,000 acts as its new cushion

The cryptocurrency market’s roller-coaster ride in 2019 has been ongoing with several coins seeing ups and down on the price charts. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP witnessed stagnated price holds in a scenario where Ethereum overtook XRP to become the second-largest cryptocurrency. Bitcoin, at the moment, is still holding above the…

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How Can You Use Bitcoin to Pay for Travel?

Ever since its inception, Bitcoin has slowly emerged as a very promising payment method, exactly as Satoshi Nakamoto, its creator, intended. Over the years, Bitcoin has cemented its name in the history books as the most popular and most valuable cryptocurrency out there. Together with a new wave of other cryptocurrencies, Bitcoin disrupted many industries….

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Russia Could Start a Bitcoin Bull Run as Early as February 2019 | BTCMANAGER

A Russian economist believes that the impending U.S. sanctions against Russia will force the country to start diversifying its reserves with Bitcoin as early as February 2019, Micky reported on January 8, 2019. New Sanctions Could Trigger a Bull Market The bear market that has persisted in the crypto industry since November 2018 might be…

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Venezuela Decrees Crypto Operators Must Pay Taxes in Cryptocurrencies

The Venezuelan government has published a decree requiring taxpayers with crypto operations in the country to pay their taxes in cryptocurrencies. Similarly, operators of foreign currencies must pay their taxes in those currencies. The decree states that the change is necessary for the “strengthening of the current fiscal regime.” Paying Taxes in Cryptocurrencies The Venezuelan government…

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Distributed Digest: Tuesday, January 8, 2019

Steemit.com blocks hackers for violating its terms of service, Coin Metrics research shows a significant decline among major Bitcoin mining pools, and the Status desktop alpha is out in the wild. Your daily distillation of crypto news for Tuesday, January 8, 2019: Steemit.com Resists “The Dark Overlord” The Steem social media site, Steemit.com, recently banned…

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Data Suggests That Bitcoin Is Seeing Increasingly Bullish Sentiment

Although many investors and analysts alike were disappointed that Bitcoin and the overall cryptocurrency markets did not end 2018 on a high note, the markets may be seeing increasingly bullish sentiment from traders and investors alike, according to new data. If Bitcoin’s price does begin climbing as this data suggests, it is important that it…

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