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A Bitcoin millionaire and cryptocurrency loud mouth was arrested in Hong Kong over the weekend for causing mass hysteria after an airdrop of several HK $100 bills from an apartment rooftop. Hong Kong Style ‘Air Drop’ On Saturday (December 15, 2018), Wong Ching-kit; a cryptocurrency promoter caused a stir when he tossed several HK$100 from an …

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New regulations for crypto-related companies, which Hong Kong’s Securities and Futures Commission (SFC) earlier announced, might prevent crypto entrepreneurs from entering the market. Expert comments on the situation were reported by business media Nikkei Asian Review on Monday, Dec. 17. Timothy Loh, owner of a local law firm, told Nikkei that some entrepreneurs might decide not to participate in the new framework in order …

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Timothy C. May, cypherpunk legend and author of the “Crypto Anarchist Manifesto,” has passed away at the age 67. His passing was announced Saturday by Lucky Green, also a self-described cypherpunk, on Facebook, saying that his “dear friend” May had passed away earlier this week at his home in Corralitos, California. “Death appears to be from natural causes …

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Bitcoin (BTC) is still struggling to find the bottom of a bear market on the anniversary of its $20,000 all-time record price high. At press time, the world’s largest cryptocurrency by market capitalization was trading at $3,230 on Bitstamp – down 83.5 percent from the record high of $20,000 reached on Dec. 17, 2017. BTC …

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The Blockchain Transparency Institute has released its December Exchange Volumes Report, delving deeper than ever before into suspected wash trading. The conclusions paint a rather damning picture. Only 2 of CoinMarketCap’s top 25 BTC pairs aren’t massively inflating actual volume. It’ll Come Out In The Wash As part of the report, the Institute used its algorithm …

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The government of Switzerland wants to accommodate the blockchain sector within its existing financial laws. The country’s Federal Council issued a report on Friday, providing a legal framework for distributed ledger technology (DLT), or blockchain,, stating that Switzerland’s existing rules are well suited to dealing with such new technologies, but there is still a need for some …

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BTC traders were concentrating on one metric in particular this week as Bitcoin price slowly slides towards $3000. Bitcoin’s ‘All Over’ Scenario The largest cryptocurrency had recovered from fifteen-month lows over the weekend around $3130 to trade around $3200 at press time December 17. In the short term, however, the situation could deteriorate exponentially, veteran …

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Censorship-free social media platform, Gab, took to Twitter to proclaim the gospel according to Bitcoin. Describing the grandaddy of cryptocurrency as “free speech money,” it pledged to educate its near million-strong community. The Next Evolution Of Online Payments In recent tweets, Gab calls for the next evolution of online payments, in the form of un-censorable …

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Facebook, Amazon, Apple, Netflix, and Google stocks have together shed over $1 trillion in market capitalization from their all-time highs, marking an even bigger loss in dollar value than all cryptocurrencies combined in 2018. FAANGs Lose Bite Bitcoin and cryptocurrencies, in particular, are not the only bubble in town. Stocks of tech stalwarts like Google, …

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In February, Charlie Lee predicted a ‘flappening’ of Litecoin and Bitcoin Cash before the end of the year. Well, with just two weeks of the year left, the prediction came true, as Litecoin’s market cap overtook Bitcoin Cash. Natural Rivals In many ways, Bitcoin Cash was always a more natural competitor to Litecoin than to …

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