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Bitcoin’s retail investors aren’t as speculative as you’d think

In light of the short-term memory span of most people in the cryptocurrency space, it’s easy to forget just how bullish Bitcoin has been, despite its drop from $12,000. For over a month, Bitcoin has been trading in five-digits, and most of that time was spent over $11,000. The largest cryptocurrency in the world was trading in the red by around 7 percent on a 24-hour basis, at press time, but this was still 52 percent higher on a YTD basis and over 160 percent higher than its lowest point all year.  In the six weeks that Bitcoin has been…

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Uphold lists physical-gold backed token issued by the Universal Protocol Alliance

Uphold, a digital investment platform, today announced global customers can buy gold-backed token UPXAU. Universal Gold (UPXAU) is a physical-gold backed token issued by the Universal Protocol Alliance and backed by the Government of Western Australia. UPXAU is free to hold, government-backed, and spendable on a debit card—with no minimum investment required. By launching Universal Gold, Uphold and the Perth Mint have developed a more practical and affordable way of investing in gold for everyone. Lowering barriers to entry and eliminating holding costs completely, UPXAU allows people to buy as little as $1 worth of gold (with no maximum investment)…

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Bitcoin Investor Sues IRS for Unlawful Seizure of Financial Records at 3 Crypto Exchanges

Bitcoin investor Jim Harper has sued the U.S. Internal Revenue Service (IRS), its commissioner, and a number of federal agents. He alleged that they unlawfully seized his private financial information from three cryptocurrency exchanges. Bitcoin Investor vs. IRS Bitcoin investor Jim Harper has filed a lawsuit against IRS Commissioner Charles P. Rettig, the IRS, and “John Doe IRS Agents 1-10.” The latter refers to “fictitious names for the person or persons who authorized and conducted the search” of his private financial records, according to the court document filed on July 15 with the District Court for the District of New…

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