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Head of Fundstrat Global Advisors Tom Lee stands firm on his feet, saying that the very worst of the sharp price drops could be ‘largely over’. Tight Grasp on Reality At the time of writing, Bitcoin is trading at a price of $7,538.19, marking a rough 6% decline in the last 24 hours. “The mood in crypto is terrible right now” – Tom Lee wrote in a note on Wednesday as reported by Bloomberg, acknowledging the horrid feeling most crypto investors are having right now, as prices continue to free…

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GIFcoin has had an amazing start to their ICO journey.  First, they sold out at their private sale, and then went on to do the same during the first stage of their public sale. Did you know that online gambling is a multi-billion-dollar industry? In fact, it generated more than $500 billion worth of revenue in 2017 alone. This huge number is set to grow even more with the continued adoption of fast and secure blockchain technology. GIFcoin is one such platform that is taking advantage of the benefits of…

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Bitfinex, which is currently the 5th largest cryptocurrency exchange by 24-hour volumes, is contemplating at Switzerland as its new potential humble abode. Weighing its Options The Swiss-German weekly publication Handelszeitung reported (German) on Tuesday that Bitfinex wants to establish its HQ in Switzerland, citing company’s CEO Jean-Louis van der Velde directly: We are looking for a new home for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over several locations. Apparently, the head of the Department of Economic Affairs Johan Schneider-Ammann, as well…

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Two Turkish imams have been fired for possessing bitcoin investments, according to local media reports. Turkey’s religious authorities determined that bitcoin is “not compatible with Islam” in November 2017. Also Read: Bitcoin Mining Training Coming to 30 Cities in India Two Imams Fired for Owning Bitcoin It has been reported that two religious officials in Zonguldak, Turkey, have been removed from office by Turkey’s Presidency of Religious Affairs. Mecit K, who held a position at a mosque in Zonguldak’s city center, and Satilimis B, who worked in a surrounding village, were…

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The doors have closed on two more cryptocurrency exchanges in Japan following investigations by the country’s Financial Services Agency — raising questions as to whether or not most exchanges will be able to meet the regulatory authority’s standards. Not Secure Enough In the face of tightening regulatory oversight from the country’s authorities, two additional Japanese cryptocurrency exchanges are ceasing operations — bringing the total number of closed cryptocurrency exchanges to five. This follows the large-scale heist of digital assets from prominent Japanese exchange Coincheck. As reported by Nikkei Asian Review,…

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There’s a 99% chance that you’re reading these words on news.Bitcoin.com. And there’s a 1% chance that you’re reading them on some other cryptocurrency site. It might have a similar name to this one, or it might be called something entirely different. But whatever its name, it wasn’t responsible for producing this content – it simply copied and pasted it from Bitcoin.com. Some people call plagiary the greatest form of flattery. Others call it the worst fraud of all. Also read: Coingeek to Fund the BCH Anonymizer Mixing Platform ‘Cash Shuffle’…

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The most of current cryptocurrencies remain in the development of new technology or concept as mainstream, products and services still stay in the dream-building idea. Most cryptocurrencies are dejected without subsequent support from the enterprises, causing most of investors disappointed and panic. The largest aero-ecological…

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Researchers from a broad collection of renowned institutions point to serious flaws in Monero’s privacy protections. The faults suggest that, while still better than Bitcoin, the privacy features of Monero are far from being the cloak of invisibility they might seem like. Jeopardizing Privacy Monero’s main designation is to mix up any given Monero “coin” with funds of random multiple users. The result is that anyone who’s scouring its blockchain won’t be able to link it to any identity or any previous transaction coming from the same source – in…

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This week, the text messaging platform Cointext announced the public launch of its feature service that allows anyone with a mobile phone to transact with bitcoin cash (BCH) without internet services. Cointext uses a phone’s Short Message Service (SMS) protocol, and the beta release can now be tested throughout the US, Canada, South Africa, Switzerland, Sweden, Netherlands, and the UK. Also read: Crypto Business Is Now Legal in Belarus Cointext Launches Beta Release Allowing Users to Send and Receive Bitcoin Cash With SMS Technology Bitcoin cash users now have the ability…

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Bitfinex has announced that it will not list or transact Venezuela’s new “oil-backed cryptocurrency” or any other tokens that the country may issue in the future, citing U.S. sanctions. Meanwhile, the Venezuelan government has reportedly set the minimum investment amount for the petro initial coin offering.  Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions Bitfinex’s Restrictions on the Petro Cryptocurrency exchange Bitfinex announced on Tuesday its stance regarding Venezuela’s new digital currency, the petro (PTR). “We see the PTR as having limited utility,” the exchange…

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