Bitcoin Poised To Break Out Big

Brendan Coffey With the equity markets roiling of late, Bitcoin’s been surprisingly quiet. But the cryptocurrency looks ripe for a breakout soon – one that could vault it toward the all-time highs – or sending it tumbling down to long-term support. Since late June, Bitcoin’s meandered between the recent peak around $13,850 and recent low around $9,150…

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Crypto Exchanges Are Facing Their Biggest Regulatory Hurdle Yet

(Bloomberg) — Bitcoin and its fellow cryptocurrencies have surged in popularity partly because they’ve offered a way to skirt the government oversight exercised over traditional financial systems. Well, get ready to kiss much of that autonomy goodbye. On June 21, the Financial Action Task Force — a multi-government effort that develops recommendations for combating money…

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