US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase Updates US Sanctions Evrofinance The American administration has explained it targeted Evrofinance because it enabled corruption, embezzlement, and money laundering by the disputed Venezuelan government of “Maduro and his cronies.” As a result, all the property of the bank and…

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Famous Swiss Investor Marc Faber Finally Buys Bitcoin

Renowned Swiss investor and central bank critic Marc Faber has finally bought Bitcoin (BTC).  Does this mean the bear market is on its way out?  Marc Faber may not be revered for his views on racial equality. But when it comes to investing, he’s up there with Warren Buffet — as far as successful track records go. Unlike the other aging investor who dismisses Bitcoin as a ‘rat poison squared,’ Faber finally bought his first chunk of the world’s number one cryptocurrency. Marc Faber Famously Skeptical of Bitcoin Bitcoin has…

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TRON CEO: Bitcoin Holds Greater Promise for Younger Generation of Investors

Justin Sun believes that Bitcoin (BTC) and other cryptocurrencies have the potential to create opportunities for the younger generation of investors. TRON’s CEO also implied that critics of Bitcoin and other cryptocurrencies were focused on the business side of things rather than the more profound technological implications virtual currencies provide within the emerging digital economy.  A Promising Future for Bitcoin and Cryptocurrencies Speaking to CNBC on Wednesday (March 13, 2019), Sun weighed in on the future of Bitcoin (BTC) and cryptocurrencies in general. Commenting on the matter, Sun said he…

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Bitcoin Price Analysis: Pressure is Building

Sentiment among traders and speculators in the market is extremely temperamental, swinging between bearish and bullish on an almost daily basis. The charts are relatively neutral but pressure is certainly building in the Bitcoin (BTC) market. Let’s take a closer look at the action. 1-Day Chart The one-day chart for Bitcoin (BTC) shows that, since the decline following the three-wave run up to $4200 during February, Bitcoin has been range bound — swinging around four percent either side of the March opening and establishing a monthly range between $3670 and…

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