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Showing posts with the label Bitcoin

Is Bitcoin Legal in Ukraine?

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Despite a number of legal hurdles, Bitcoin is now fully legal in Ukraine, thanks to a new law. In September, the parliament passed a bill making Bitcoin service providers and users subject to a clear set of rules and regulations.  It also outlines the fines that can be imposed if these rules are not followed. The country's National Securities Commission is also tasked with monitoring the cryptocurrency market, ensuring that the cryptocurrency is not misused or abused. The current crypto legislation in Ukraine does not allow for payment using Bitcoin, and does not even put it on equal footing with the national currency, the hryvnia. But it is part of a larger effort to embrace cryptocurrency.  The government has said it plans to open the country's cryptocurrency market to businesses by 2022. Meanwhile, in neighboring Russia, the government has been touting its crypto credentials to Silicon Valley investors. The government of Ukraine is taking steps to protect digital currenc...

The Bitcoin Price Has Reached $1 Million

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If the Bitcoin price were to double every day, this could equate to a staggering $20.9 trillion! But that is not to say that the price will continue to rise indefinitely. In a recent article, Victor Dergunov examined the factors that could influence the rise of bitcoin.  The first factor was the lack of government support for the digital currency, which also presents a high technical barrier for entry. Another factor is the fact that Bitcoin has already run into problems with its initial goals. By the time it reaches everyday use, another digital currency will likely replace it. The underlying issue is not that bitcoin is a currency but the fact that it's a store of value. If that were the case, it would be very hard for people to hold onto it and become millionaires. After all, the price of paper currency will eventually become worthless.  The fact that bitcoin is decentralized means that its value is unaffected by government regulation. Even if it is possible to buy a bitco...

BitcoinX Review - Should You Invest in BitcoinX?

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Before you start investing with BitcoinX, it is important to know the basics. You need a minimum investment of $250 to get started, and then you'll need a little bit more time to make gains. Fortunately, the BitcoinX website is SSL secure, and you can pay with Visa, MasterCard, or transfer funds directly to your account. However, there are some things you need to keep in mind before you invest. In this BitcoinX review, you'll learn more about the basics of the platform, and whether or not you should invest your money. As a new investor, you're probably a little nervous about investing in BitcoinX. After all, the currency market is new and not very popular. However, with a little research, you can find a good cryptocurrency exchange. This BitcoinX review will help you get started with the right program. The application is relatively easy to use, so you'll be able to understand it easily. If you're a beginner, consider using the trading robot. These programs are inc...

Is Bitcoin Going to Crash?

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Many people have wondered if Bitcoin is about to crash and reach a "dead zero". According to Nouriel Roubini, the cryptocurrency will fall 80-83 percent during the next major price decline. The reason for this is a lack of supply. It is important to understand how Bitcoin works. If you're unfamiliar with cryptocurrencies, they're decentralized digital money that you can spend with any bank or credit card. The price of Bitcoin is extremely volatile, and it seems as if it will crash again at some point. As it stands, however, the prices may crash further this time and then begin to climb.  The only way to be sure is to learn as much as you can about the currency and avoid common mistakes. The price of Bitcoin is still too high to be a good investment. For this reason, it is crucial to understand the risks and benefits associated with investing in cryptocurrencies. A popular theory that Bitcoin will crash is that further regulation of the cryptocurrency market will hi...

How to Buy the Bitcoin Scrypt (BTCS) Cryptocurrency

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The Bitcoin Scrypt (BTCS) cryptocurrency is a store of value. However, it is not widely accepted. Although it is widely accepted by online stores, eCommerce businesses and brick-and-mortar businesses, it is still considered a speculative investment. In order to buy BTC, you must have an Ethereum or BTC wallet. The latter are required to purchase BTCS. This means that you can only buy it with a BTC wallet. In order to purchase Bitcoin, you need to setup funding sources like a bank account or credit card. The Bitcoin Scrypt and Ethereum Scrypt can be purchased immediately from the site. You should open a credit card if you are new to crypto investing. Using a credit card lets you purchase and trade instantly, but there is a weekly purchase limit of $750 for the first few days. You should make sure you check the actual price of the currencies to make sure they are still worth purchasing. In addition to the Bitcoin Scrypt and Ethereum, there are other types of cryptocurrencies that you ...

Learn and Be Safe on How Do Bitcoin Scams Work?

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 If you've been a victim of a fake bitcoin, you're probably wondering: how do these scams work?  The basic premise behind these schemes is that the scammer opens an account with a cryptocurrency exchange and asks their victims to pay via credit card or wire transfer. Once the victim pays, the scammer will send them their fake bitcoins, which they then spend on something else. Unfortunately, the same scammers are often using the same techniques. Some scams involve phony blackmailers, who have no evidence to back up their claims.  They try to scare their victims into sending them their cryptocurrency in return for some "free" stuff. Another type of scam involves celebrity impersonators who claim to have the winnings.  These fakes usually ask their victims to send them their money through a fake account.  While it is difficult to verify whether these phony celebrities are real or not, they will almost always ask their victims to send them Bitcoin. These scams are u...