Why Litecoin Will Skyrocket 140% in Less Than 3 Months & Hit $220

By CCN: The Litecoin price has enjoyed a breakneck bull run in 2019, launching the cryptocurrency nearly 200 percent higher in less than six months. But while cautious investors might be tempted to take their profits and run, a crucial upcoming event could send Litecoin another 140% higher over the next three months, enabling LTC to eclipse the $220 mark for the first time in more than a year. The trigger from this mammoth ascent? Litecoin’s long-awaited “halvening,” which will slash block rewards by 50%, from 25 LTC to 12.5 LTC. Historically, such halvenings (or “halvings”) have proven to be

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This Painfully Boring CNBC Crypto Debate Is Bullish as Hell for Bitcoin

By CCN: If you’re looking for reasons behind bitcoin’s recent price surge, this video tells the whole story. Because it’s so completely dull. Has bitcoin gone too far, too fast? Here's how two traders are thinking about bitcoin futures. via @CNBCFuturesNow https://t.co/StSHvYGYD9 pic.twitter.com/aHKgt62GNe — CNBC (@CNBC) May 22, 2019 The two established analysts with decades of trading experience talk about bitcoin with maturity and logic. They make a strong case for allocating portfolio funds to crypto, and no-one mentioned bubbles or scams. The way people talk about bitcoin is changing, especially on mainstream finance outlets. It’s evolving. Bitcoin is a

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Dow Cringes as Xi Jinping Ominously Sparks Fears of Economic Cold War

By CCN: The Dow lurched back into decline on Wednesday after Chinese President Xi Jinping amped up the trade war rhetoric in an ominous speech that suggested that Beijing could not only permanently freeze negotiations with the Trump administration but also mire the two nations in an economic cold war. Dow Stumbles Toward Another Setback All three of Wall Street’s major indices braced themselves for significant pullbacks at the opening bell. As of 9:27 am ET, Dow Jones Industrial Average futures had lost 90 points or 0.35%, implying an 86.33 point decline. S&P 500 futures slid 0.44%, and Nasdaq futures

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Twitter CEO Dorsey: Square Crypto Begins ‘Inevitable’ Bitcoin Mass Adoption

By CCN: Square, the $32.7 billion mobile payment company founded by Twitter’s Jack Dorsey, is one step closer to launching its long-awaited crypto project. The company claimed last night that bitcoin mass adoption is “inevitable” and it is close to making its first hire. Took some time but getting there https://t.co/YpngV9u5Ic — jack (@jack) May 21, 2019 Everything we know about Square Crypto so far In March 2019, Square CEO Jack Dorsey announced his company would hire three or four developers and a designer to work on the open-source Bitcoin ecosystem. #BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers

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Bitcoin Bull’s $800,000 Tax Bill Due as Israeli Court Rules Crypto is ‘Property’

By CCN: An Israeli court has ruled that Bitcoin is not a currency but rather an asset. This was in a case brought forth by Noam Copel, a blockchain entrepreneur, according to business publication Globes. The ruling means that Copel will pay taxes of New Israeli Shekel (NIS) 3 million ($830,115). This is after making profits of over NIS 8 million ($2.2 million) trading bitcoin six years ago. In the course of presenting arguments, Copel had made the case that bitcoin should be classified as a foreign currency. The country’s tax collection agency, Israel Tax Authority, had made the opposing

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Turkey’s Collapsing Currency Will Drive Investors to Bitcoin, Says Max Keiser

By CCN: Bitcoin bull Max Keiser has hinted that as Turkey’s economy worsens, Turks could turn to Bitcoin as a hedge. In a tweet, Keiser said that Bitcoin ‘will become a factor for Turks as hard money becomes hard to come by’. #Bitcoin will become a factor for Turks as Hard Money becomes hard to come by. https://t.co/bD5iw2mLMs — Max Keiser, tweet poet. (@maxkeiser) May 21, 2019 The broadcaster who hosts the Keiser Report show on RT is on point in making this prediction. Already, the Turkish Lira is the 5th most traded national currency for Bitcoin. In this regard,

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Dutch Crypto Conman Scams Dozens in $2.2 Million Bitcoin Mining Fraud

By CCN: Authorities in the Netherlands have arrested a suspect who allegedly operated a bitcoin mining investment scam, according to Dutch daily De Gelrderlander. The fraudulent scheme which was reportedly started in 2017 earned the man named Berry van Mourik at least €2 million ($2.24 million). Berry was apprehended in Apeldoorn, a city in the Dutch province of Gelderland. Per the publication, van Mourik was a senior executive of two firms which sold bitcoin mining rigs. He sought investors to buy rigs with the understanding that he would operate the bitcoin mining operations on their behalf. The suspect promised the

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Russia’s KGB Successor Warns Terrorists are Turning to Cryptocurrencies

By CCN: Terrorist organizations getting support in the form of cryptocurrency are becoming the norm, according to Russia’s FSB director Alexander Bortnikov. As per local news portal RBC, citing media agency Tass, the chief of Russia’s Federal Security Service (the FSB’s successor) reported on the latest updates in the international terrorist networks at a meeting of the heads of security agencies of Commonwealth of Independent States (CIS) member states. “Electronic payment systems and cryptocurrencies are increasingly being used by terrorists to move money received from some states and organizations that support the global terrorist network,” Bortnikov noted. He said that

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Bitcoin SV (BSV) Dump Awaits after Mindless Rally Gained 200% Returns

By CCN: It took Bitcoin SV just two hours grow its market valuation from $1.09 billion to $2.478 billion. There are no clarifications about how the world’s eleventh largest yet controversial cryptocurrency managed to attract approx $1.4 billion. The move just happened out of thin air, as if somebody with a big bag of money – or even cryptocurrencies – was waiting to click on the big buy button. As of 1315 UTC yesterday, the BSV-to-dollar exchange rate had established its all-time high at $195 on Huobi, up more than 200-percent from the market open. The price action surprised, partially

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Billionaire Crypto Bull Thiel’s Block.one Seed Shares Reap Staggering 6,500% Profit

By CCN: Block.one is returning jaw-dropping profits to its earliest investors like Peter Thiel. It’s a stock buyback of epic speed and proportions. In only three years the blockchain startup is buying back shares sold in a seed round of funding in 2017. The ROI for anyone who cashes out will be as much as 6,567%. Where did Block.one come up with all that money in so little time? It executed the biggest ICO in cryptocurrency history. The company raised $4 billion over a year-long token sale of EOS coins to power Block.one’s EOS.IO blockchain. The year-long crowd-funded token sale

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