Buy a classic Ford Mustang with cryptocurrency

Buy a classic Ford Mustang with cryptocurrency Talk about a mix of the old and the new. Oklahoma-based Classic Recreations, known for rebuilding and updating vintage Ford Mustangs, now accepts cryptocurrency as payment. The company claims to be the first custom-car builder to do so. Henceforth, Classic Recreations said it will accept multiple types of cryptocurrency “including, but not limited to,” Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Docademic. The company has set up electronic wallet addresses associated with each cryptocurrency, as well as the obligatory encryption software to ensure privacy.…

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WORTH $5.2 MILLION CRYPTOCURRENCY SEIZED IN EUROPE’S LARGEST LSD RAID

WORTH $5.2 MILLION CRYPTOCURRENCY SEIZED IN EUROPE’S LARGEST LSD RAID The Deep Web or the “Darknet” gained a lot of notoriety back in 2013 when the United States FBI took down the Internet’s largest online black market and drug trafficking ring known as The Silk Road after an extended manhunt for the site’s libertarian creator, Ross William Ulbricht. Ulbricht, better known by his deep web pseudonym, “Dread Pirate Roberts,” was charged with narcotics trafficking, computer hacking, and money laundering after his arrest at the Glen Park Branch Library in San…

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Bitcoin Falls Below $6,000 and Likely to Fall More. Here Are Alternatives To Buy

Bitcoin Falls Below $6,000 and Likely to Fall More. Here Are Alternatives To Buy Bitcoin fell below $6,000 on Thursday. According to cryptocurrency trader Ran Neu-Ner, it’s likely to go even lower. “There’s more blood to come,” Neu-Ner, who is host of CNBC Africa’s “Crypto Trader,” said on Thursday Bitcoin traded down 3.3 percent at $5,885.60 as of 6:54 a.m. ET on Friday morning. “Right now my money is on the market continuing to go down,” he said. In fact, Neu-Ner said there’s more than a 60 percent chance of…

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Bitcoin Recovered After Downfall, But Experts Says Could Fall Again

Bitcoin Recovered After Downfall, But Experts Says Could Fall Again After a series of downfall, this Monday Bitcoin bounces a bit and its price ended up around $6,200 5:30 p.m. But according to Spencer Bogart, a blockchain venture capitalist, it might could fall again as the fund redemption cycle for many crypto hedge funds completed their one-year cycle which could became the reason of making its prices artificially lower. After falling below $6,000 on Friday, bitcoin finally bounced a bit ended up on $6,200. But blockchain venture capitalist Spencer Bogart,…

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Cryptocurrency Trends Could Hurt AMD’s Gaming Business

Cryptocurrency Trends Could Hurt AMD’s Gaming Business It’s no secret that both NVIDIA and Advanced Micro Device, the only two makers of high-performance graphics processors, have seen their respective graphics processor businesses soar thanks to the boom in cryptocurrencies. In a nutshell, as cryptocurrencies like Ethereum and ZCash, which have generally been produced by running computations on graphics processors, have grown in value, so too has demand for the graphics processors that can produce them. That production process is known as mining. However, in recent months, prices of cryptocurrencies have…

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BANKING GIANT ING SAYS, BITCOIN INTEREST IS GOING TO BE DOUBLE

BANKING GIANT ING SAYS, BITCOIN INTEREST IS GOING TO BE DOUBLE The price of bitcoin tends to mirror people’s interest in the cryptocurrency, with the level of Google searches providing a near-perfect correlation to the virtual currency’s value. This could be good news for investors, as new research suggests that interest in cryptocurrency is expected to more than double. The latest consumer economic report from Dutch banking giant ING revealed that fewer than one in 10 Europeans currently own cryptocurrency, however 16 per cent of people expect to own them…

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10% Tax on Cryptocurrency Trading Profits Report is False, Different From the Fact: South korean Govt

10% Tax on Cryptocurrency Trading Profits Report is False, Different From the Fact: South korean Govt The South Korean government’s Ministry of Strategy and Finance has denied a recent report which claimed that the authorities are planning to levy a 10% capital gains tax on cryptocurrency profits. On June 22 a high-ranking government official claim that the government was preparing to slap a flat 10 percent tax rate on profits from cryptocurrency returns irrespective of the size of the investment. He said that: “We have already decided to tax profits…

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Bitcoin Falls: Now at below $6,000, But Experts says it’s still alive

Bitcoin Falls: Now at below $6,000, But Experts says it’s still alive On this Friday, Bitcoin falls below $6,000, but bitcoin bull Brian Kelly said that “it’s still not dead.” This is not the funeral for bitcoin whatsoever,” Brian Kelly, founder and CEO of BKCM LLC, an investment firm focused on digital currencies, said on “Fast Money” Friday. “Let’s put this in perspective,” he said. “Do you know where we were a year ago? $2,500.” Kelly said a combination of things — including tax selloffs, multiple exchange hacks and about…

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United States Federal Reserve Bank Launches Cryptocurrency Index

United States Federal Reserve Bank Launches Cryptocurrency Index This week the Federal Reserve Bank of St. Louis added cryptocurrency to their Federal Reserve Economic Data (FRED) database. It’s a seemingly small gesture, but one that signals to most observers crypto’s maturation, at least in the eyes of arguably the most important central banking institution in the world. Federal Reserve Bank of St. Louis Adds Four Cryptos to its FRED Database “FRED has added four series on the prices of different cryptocurrencies,” the St. Louis Federal Reserve posted without much fanfare…

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Bitcoin Approaches Year Low as Japan Cracks Down on Venues

Bitcoin Approaches Year Low as Japan Cracks Down on Venues Bitcoin extended losses as it approached the lowest price for the year after Japanese regulators hit six of the country’s biggest cryptocurrency trading venues with business-improvement orders. The biggest virtual currency fell as much as 10 percent to $6,045.31, testing the low for the year of $5,922 that was set on Feb. 6, according to prices compiled by Bloomberg. The MVIS CryptoCompare Digital Assets 10 Index tumbled as much as 11 percent. Some of the targets of Japan’s regulator were…

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