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Draft Russian Law To Take 30% Of The Bitcoin That Is Not Declared

Russia is still in a quest of the perfect set of regulations for the cryptocurrency industry. In the latest crypto news, we can see that the government has taken a new turn – and the finance ministry proposes a set of measures that are somehow drastic. Interestingly, the new draft Russian law could take 30% of the BTC of users if they haven’t reported it for taxes. The ministry proposes a set of measures that could see failure to report crypto holdings made illegal, and punishable with potentially massive fines. According to reports by Kommersant, under new draft legislation put…

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Bitcoin value at a grave weekly close: Crypto traders outline probable outcomes

The value of Bitcoin (BTC) is imminent in the last weekly candle for August. Around traders have faith in Bitcoin’s performance over the next two weeks could decide whether its value drops below $10,000 again or sees a prolonged uptrend. The week’s weekly candle close accords with the expiration of CME’s Bitcoin futures contracts and Deribit’s options contracts. It could hypothetically set a precedent for September, significantly if Bitcoin closes overhead or below critical levels. In the short term, technical analysts usually consider $11,800 as the critical level for Bitcoin. A high time frame close underneath the level would raise…

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BTC History Suggests $20k Price Will Come In 3-12 Months

The latest Bitcoin news show that according to historical data, the price of the dominant coin may take anywhere from 3 to 12 months in order to reach its all-time high levels. The BTC history also shows that the cryptocurrency has had four market cycles since its inception in 2009. It went from a bottom to a new peak, while the cycles ranged from over 600 days to around 1,050 days. The most recent cycle in the BTC history has just surpassed 300 days, which suggests that it could last 3-12 more months. If the price of Bitcoin remains stable…

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Winklevoss Twins Think Bitcoin Could Reach $500k In The Future

The famous Winklevoss twins think that the price of the dominant coin Bitcoin (BTC) could reach half a million in the future. Named Tyler and Cameron, the twins have doubled down on the price of BTC in the future. The noted Internet entrepreneurs and crypto billionaires are again in the Bitcoin news as they believe that the weakness in the US financial system is what could mean that Bitcoin could reach $500,000 per coin in the near future. A post on the Winklevoss Capital blog on Thursday shows this in detail. The two set out how, while historically strong, there…

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Winklevoss Twins Think Bitcoin Could Reach $500k In The Future

The famous Winklevoss twins think that the price of the dominant coin Bitcoin (BTC) could reach half a million in the future. Named Tyler and Cameron, the twins have doubled down on the price of BTC in the future. The noted Internet entrepreneurs and crypto billionaires are again in the Bitcoin news as they believe that the weakness in the US financial system is what could mean that Bitcoin could reach $500,000 per coin in the near future. A post on the Winklevoss Capital blog on Thursday shows this in detail. The two set out how, while historically strong, there…

Continue Reading Winklevoss Twins Think Bitcoin Could Reach $500k In The Future

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