Major African Insurer Refuses to Cover ‘Risky’ Crypto Mining Equipment

One of Africa’s largest insurers, Old Mutual, has announced it will no longer cover crypto mining equipment due to lack of regulation. After researching the industry, the Pan-Africanist financial group…

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Bitcoin Price Reclaims $8,200 as Trade War Intensifies Bullish Demand

In the past four days, the bitcoin price has increased from $7,630 to $8,240 by nearly eight percent against the U.S. dollar as other major crypto assets such as Ethereum…

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90% of Polish Bitcoin Users are Uber-Bullish Males Under 40: Survey

Bitcoin users in Poland are mostly men under the age of 40. Moreover, a whopping 92% of them believe that payments using cryptocurrencies will soon become commonplace. The results were…

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Everyone’s Hodling Bitcoin: Only 1.3% of Transactions are Payments in 2019

Research by Chainalysis finds that only 1.3% of bitcoin transactions so far in 2019 came from merchants. The remaining 98.7% of volume is all on the exchanges. That means almost…

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Crypto Giant Coinbase Hints at First-Ever U.S. Bitcoin Margin Trading

For years, the global bitcoin margin trading market has been dominated by BitMEX, which at one point reached a daily volume of $10 billion on May 12, a new record…

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Bitcoin Price Briefly Hits $9,000 Before ‘Fakeout’ Dump to $8,000 in Minutes

On May 31, the bitcoin price briefly hit $9,000, achieving a new 2019 high in a powerful recovery from around $8,500. Within minutes, the bitcoin price crashed from $9,000 to…

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‘Bitcoin MegaCity’ Fraud Lands Nevada Promoter 21-Months in Jail

A Nevadan who has been accused of wire fraud as well as operating an unlicensed money transmitting service using bitcoin has been sentenced to nearly two years in prison. Morgan…

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Bitcoin Price Will Nosedive After Dead Cat Bounce: Crypto Blogger

The bitcoin price will crash again soon because the latest rally was merely a dead cat bounce and not because the cryptocurrency’s fundamentals are strengthening. That’s what Motley Fool blogger…

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Russia Stunningly Explores a Gold-Backed Crypto to Settle Payments

Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international…

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Still Reeling From $54 Million Bitcoin Hack, Binance Sues Sequoia Capital

Binance CEO Changpeng Zhao — who is still reeling after a $54 million bitcoin hack — is suing Sequoia Capital China, a unit of California-based venture capital firm Sequoia Capital….

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