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Bitcoin is facing a strong resistance near the $7,000 level against the US Dollar. BTC price is likely forming a double top pattern near the $7,000 level and it could dive below $6,400.Bitcoin is forming a bearish breakdown structure below $7,000 against the US Dollar.A double top pattern is forming
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The Celsius Network is the first major cryptocurrency lending platform that is profitable, according to its CEO and founder Alex Mashinsky.CryptoX interviewed Mashinsky to learn more about this achievement, how the latest market downturn has affected its business and his outlook on the industry.According to Mashinsky, the company was
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Telegram has pointed to a fresh precedent that could bolster its argument against allegations it violated United States federal securities laws.In a March 6 letter to Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York, Telegram brought attention to a recent case
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Alex de Vries, the founder of the Digiconomist, has given a damning assessment of the electricity consumed by Bitcoin (BTC) mining in an interview with British media outlet, The Telegraph.According to de Vries, a single Bitcoin transaction expends the same quantity of electricity needed to power a British household
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An ex-employee of cryptocurrency derivatives exchange Digitex began leaking stolen Know-Your-Customer (KYC) on Telegram. The stolen data reportedly includes passport and driving license scans and other sensitive documentation pertaining to more than 8,000 Digitex customers. The Seychelles-based exchange issued CryptoX a statement indicating that it is not currently able to
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As CryptoX reported yesterday, self-proclaimed Bitcoin (BTC) creator Craig Wright claims that Bitcoin can and will be seized to accommodate court orders. What follows is an analysis of whether what he says is possible and plausible.Screenshots resurfaced on Feb. 26, show that Wright claims Bitcoin will be seized without
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Bitcoin, altcoins, and global equities have all seen some intense bearishness today, which has primarily stemmed – at least in the case of the traditional markets – from fears surrounding the rapid spread of the Coronavirus across the globe. The fact that this selloff has transcended just the traditional markets and
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The New York-based private equity firm Fortress has issued a "premium" offer to buy out creditor claims from the now-defunct Mt. Gox exchange. In a letter said to be sent by Fortress managing director Michael Hourigan on Monday, the company said it was offering creditors with large claims at a
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Fortress Investment Group has increased its offer to purchase claims from creditors who lost money in the infamous $480 million Mt. Gox hack. The group, which aims to profit by eventually recovering the Bitcoin (BTC), upped its offer on the cryptocurrency to 88% of the estimated account value.CryptoX has
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Last updated:February 19, 2020Bitcoin’s intense 2020 rally is showing no signs of slowing down, with yesterday’s dip from highs of $10,200 to lows of $9,700 being met with an abundance of buying pressure that has now led its price to rally up to fresh 2020 highs. This momentum, which comes just
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