Bitcoin Just Entered A Deceptive Territory, Here’s What You Should Know
Bitcoin’s recent price behavior has been everything the bulls hoped for, and that may be precisely the problem. Since bottoming out around $63,000 in early April, Bitcoin has posted a sequence of higher highs and higher lows and has now reclaimed $80,000. The structure looks bullish. However, technical analysis shows that Bitcoin has now entered into deceptive territory. Bitcoin’s Uptrend May Be Hiding A Compression Phase Bitcoin’s price action is now forming an interesting but deceptive pattern. The pattern in question is a rising wedge that has been forming on Bitcoin’s....
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Renowned futurist Peter Diamandis, the author of Abundance - the Future is Better Than You Think and founder of the XPrize and the Singularity University, believes that Bitcoin is "going from deceptive to disruptive." Writing on Forbes, he says: "At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions... all good things. Most importantly, it is an "exponential currency" that will change the way we think....
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PayPal has been fined $10 million for engaging in deceptive practices. The crux of their deception was enrolling customers into a credit program without their consent, creating a situation where people were on the hook for credit they'd never asked for. As you know, any credit program can have an effect on your credit score. The action was carried out by the Consumer Financial Protection Bureau, an agency created in 2011 for the express purpose of monitoring financial practices at the consumer level. CFPB Director Rich Cordray said in a statement: The Bureau alleges that PayPal lured in....
Andrew Left, a controversial figure behind Citron Research, renowned for his critical stance on crypto and often bearish stance on various high-profile stocks, has found himself on the other side of the law. Recently charged by the US Securities and Exchange Commission (SEC), Left is accused of orchestrating a deceptive $20 million scheme that manipulated […]