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BITCOIN TRADING ABANDONS THE DOWNSIDE
The MAs were aligned well but perhaps too far from the 200MA for sellers to take the bait. As mentioned earlier, it is this analyst’s opinion that the Bitcoin price cannot go down much further. There are sellers out there, but participation is waning. The w...
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A Rare Look Inside A Massive Bitcoin Mine
Bitcoin mining is not a pretty business. It requires lots of specialized servers that are essentially unusable for normal computing and lots of cooling. But when you bring thousands of miners together in the same room, things really get ugly. Motherboard  h...
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New EU Legislation on VAT Could Be Bad News for Bitcoin
Although it seems to have largely gone unnoticed, the European Union introduced new Value Added Tax (VAT) laws on 1st January this year. As a consequence of this legislation, companies selling electronic goods or services to customers within the EU are now ...
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‘Cheetahs’: Africa’s Young Minds Embrace Bitcoin (Op-Ed)
The key to Africa’s prosperity lies in the hands of its young entrepreneurs or “Cheetahs” who are increasingly turning to bitcoin to drive positive change across the continent. Africa’s Cheetahs Africa’s prosperity depends on Cheetahs. By Cheetahs I mean th...
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Logarithmic Scale – An Optimist’s Take on the Price of Bitcoin
By now we are all familiar with the price  chart  bitcoin pessimists throw at us when discussing the imminent “death” of bitcoin and the digital currency space as a whole. The  classic bubble spike to above $1000  and the collapse to where we now sit just a...
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Survey: Lower-Income Populations Are More Likely to Adopt Bitcoin
The 2014 Survey of Bitcoin Polling, was released earlier this week by the Bitcoin Knowledge, Use, and Opinion (BitKOU) project. The report suggests that lower-income populations are more likely to adopt Bitcoin, and recommends greater effort on building kno...
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VICE Tours a Bitcoin Mine in China
A detailed exploration of a bitcoin mine in Dalian, a major city in the north-east of mainland China, has been  published  by VICE's technology title  Motherboard . The facility is called the No. 1 Bitcoin Mine. It contains 3,000 miners and costs $80,000 a ...
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