Peaceful Protestor Recommends Buying Bitcoin On Live TV To Opt Out Of Failed Monetary System
Following the pandemic and its impact on the economy, the mental health, and tensions of all global citizens, things in the United States have reached a boiling point. Widespread protests have erupted into the streets over the unjust passing of George Floyd. While some have turned violent, others remain peaceful.
One particular protest in Los Angeles featured an outraged citizen who took pause to recommend Bitcoin on live TV as a way to “opt-out” of the failing economy.
Protests Breakout Across All 50 US States, Some Turn To Violence
News coverage of the virus outbreak has quickly turned toward an outbreak of violence and protests sweeping the United States.
Protests over the murder of innocent victim and “gentle giant” George Floyd by way of police brutality, have erupted across all 50 US states.
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Tether Launches Gold-Backed Crypto, Do You Trust Them with Your Bullion?
Controversial cryptocurrency startup Tether has just announced the launch of a new crypto asset. The latest product from the company that brought the market market US Dollar Tether (USDT) is a supposedly gold-backed digital token. Tether Gold reportedly backs the tokens with physical gold stored in a Swiss vault. However, given Tether’s lack of transparency over the years, it remains to be seen if anyone will even trust the gold-backed crypto. Tether Gold Launches on Crypto Networks Tron and Ethereum According to the project’s whitepaper, each Tether Gold (XAUt) token represents a single ounce of London Good Delivery gold. The custodian company reportedly holds these in a Swiss vault on the behalf of investors. Given that XAUt tokens are divisible, investors can customise the size of positions they take up. The lowest increment of XAUt is 0.000001. However, there are minimum purchase amounts. Buyers must take least 50 XAUt, representing 50 fine troy ounces (~$75,000), at a time. Tether Gold, the digital asset pegged to physical gold is officially live! Find full details about the only product among the competition…
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What the Wild History of Digital Currency Tells Us About The Future
The history of the cryptocurrency project can be traced to the 1970s. One key factor was the fear of future surveillance. Both surveillance and the possibility to more directly manipulate transaction data. I wrote about Paul Armor, a computer scientist who worked on and off in the Department of Defense, and at Rand in the 70s, where they asked him to design a next-gen surveillance system, to keep tabs on the Soviet Union and anticipate their moves. His team came up with an electronic payments system. They realized tracking money flows gives you useful information. It means that you have a time-stamped, geocoded record of every time someone pays for something. You have a really fine-grained dossier of everybody’s movements and activities, and the transaction data itself. So you know where they are, what they’re interested in, what they’re like. A lot of the people who are working on the earliest stages of digital cash were preparing for when most of the economy and commerce goes digital, so everyone would be under surveillance and coercion at a level never really seen before….
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Virgil Griffith Is Going Home as His Father Paid 1 Million Dollars Bond
Judge Vernon Broderick of New York has released Virgil Griffith, the Ethereum developer, on bail. The decision issued by the U.S. District Court. When the hearings took place, the judge said that the law in America is not something that can be identified as a suggestion. Matthew Russell Lee, Inner City Press CEO, was in the room during the new hearings and sent some information to Twitter. OK- here for Virgil Griffith’s appeal of his Dec 26 bail denial for alleged crypto violation of #NorthKorea sanctions, which Inner City Press also exclusively covered @SDNYLIVE. This time Virgil has two lawyers. Here comes Judge Broderck. “All rise” – thread — Inner City Press (@innercitypress) December 30, 2019 In America, One Million Dollars Can Set You Free According to his messages, Virgil is free after his parents promised $1 million as a bond. Brian Klein, Griffith’s attorney, says that he’s happy that the judge had agreed to release Virgil. Here’s what he told Coindesk: “We are very pleased the district judge sided with us and ordered Virgil to be released pending trial”…
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Binance Returns Frozen BTC After User ‘Promises’ Not to Use CoinJoin
Bitcoin (BTC) users who employ privacy tool CoinJoin to add anonymity to their transactions face a major wake-up call after exchange Binance froze a withdrawal. In an ongoing Twitter debate which began Dec. 19, a user by the name of Catxolotl uploaded what appeared to be correspondence from Binance Singapore staff stating they had launched an “investigation” into a withdrawal of an unknown amount of BTC. Binance: we “do not tolerate” CoinJoin The reason, they said, was Catxolotl was using CoinJoin via wallet provider Wasabi. A Binance representative confirmed the problem in private comments, explaining: “Binance SG operates under the requirements as set forth by MAS and our MAS regulated partner, Xfers. Hence there are AML CFT controls set in place for the Binance SG. Unfortunately, this user has triggered one of our risk control mechanisms and thus we are conducting a deeper investigation.” CoinJoin refers to a method of grouping together Bitcoin transactions, “mixing” unspent transaction outputs (UTXOs) and hiding who sent what to which address in order to increase all users’ privacy. According to Binance, including CEO Changpeng…
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Digital Dollars Give the State Too Much Control Over Money
Max Raskin is an adjunct professor of law at New York University. A bipartisan group of U.S. congressmen wrote Treasury Secretary Steven Mnuchin last week, urging him to consider the use of blockchain technology in administering the federal government’s coronavirus response. This comes just a month after Democrats in the House and Senate proposed bills that would allow individuals to hold checking accounts directly with Federal Reserve banks. Such accounts have been referred to as “digital dollars,” and such plans aim to both stimulate the economy with direct cash injections and bank the unbanked. Although this may seem like a sleek new idea riding the crest of enthusiasm over blockchains, digital currency and financial inclusion, a similar proposal, dubbed the “Chicago Plan,” was considered by President Franklin Roosevelt during the Great Depression of the 1930s and ultimately rejected. Then, like now, the plan is not without benefits. But then, like now, it should be rejected because it would be one of the biggest power grabs in American history, politicizing our system of finance irrevocably. See also: Money Reimagined: As Tech,…
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Here Is the Safest and Most Convenient Bitcoin Wallet of 2020
Whether you’re new to Bitcoin or just want to brush up on your knowledge, it all starts with a wallet. Without a Bitcoin wallet, there’s nowhere for you to keep your cryptocurrency. In this guide, we’ll walk you through… ● What a Bitcoin wallet is and how it works.● The different types of wallets you can use.● What cold storage is and how it works.● What multi-signature means and how it works.● Where you can find the safest and most convenient Bitcoin wallet. If you’d rather skip the intro and learn more about the best solution, then check out NordikCoin right now and find out how you can get a safe Bitcoin wallet and start trading in minutes. What Is A Bitcoin Wallet? A Bitcoin wallet is simply a place where you can store your Bitcoins. It’s made up of multiple public and private keys that are used to conduct transactions and access your money. A public key is also known as a Bitcoin address, and it works like a bank account number and sort code for your wallet. People…
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XRP Price Analysis for March, 20th
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The attempts of the XRP to perform a bounce after stressful trading days keep failing. On Friday, March 20th, it is generally trading at 0.1636 USD. On D1, the quotations may perform a pullback after a swift declining impulse. The quotations broke through the last meaningful low of 0.1741 USD but did not reach the psychologically important level of 0.1000 USD. In the current picture, the main resistance level is at 0.2525 USD, lying on the long-term resistance line. The MACD has formed a Black Cross which indicates the potential development of the downtrend. On H4, there is correctional growth beginning; the quotations are reaching 23.6% Fibo. The Black Cross and convergence on the Stochastic showed earlier that the declining impulse was coming to an end and a pullback would begin soon, and the market performed the scenario. The aims of the pullback are going to be the levels of 38.2% (0.2045 USD) и 50.0% (0.2317 USD). The support is at the local low of 0.1165 USD. Twitter Facebook reddit Pinterest Hacker News…
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Bitcoin’s Booming Hash Rate Ahead of Halving Signals a Serious Bull Run
In approximately 10 days as of this article’s writing, Bitcoin will experience its latest block reward reduction, known as a “halving.” Halvings, which take place around every four years, ensure that the number of coins issued per block gets cut in half, resulting in a 50% reduction in BTC’s inflation. Block rewards being cut in half means that the revenue of miners will be cut in half as well, but this hasn’t stopped Bitcoin’s hash rate — the measure of the computational power processing transactions — from hitting new heights. Bitcoin Hash Rate Sets a New High According to data shared by blockchain analytics company Glassnode, Bitcoin’s hash rate just today hit a new all-time high at just shy of 150 exahashes per second — 150 with 18 zeroes after it hashes every second. This signifies that ahead of the halving, Bitcoin miners are allocating more capital and machinery to the network than ever before. Whether or not the surge is related to the launch of new mining machines, new ASICs, or Chinese regulation is not clear. Bitcoin holders have…
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Ripple (XRP) Gearing For Another Lift-Off to $0.24: Rally Isn’t Over Yet
Ripple rallied more than 15% after it broke the key $0.2000 resistance against the US Dollar. XRP bulls now aim $0.2320 or $0.2400, considering the current market sentiment for bitcoin. Ripple price surged above the $0.2000 and $0.2120 resistance levels against the US dollar. Bitcoin also gained more than 5% and tested the main $8,000 resistance. There was a break above a major bearish trend line with resistance near $0.1985 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The first bullish target of $0.2120 was achieved and now the bulls seem to eye a test of $0.2320. Ripple Price Rally Is Likely Not Over Yesterday, we discussed the chances of a massive pump in ripple towards $0.2100 against the US Dollar. XRP did break the $0.2000 resistance and rallied more than 15%. More importantly, it broke many hurdles on the way up, including $0.2050 and $0.2120. Besides, there was a break above a major bearish trend line with resistance near $0.1985 on the 4-hours chart of the XRP/USD pair. The price surged above the 61.8% Fib…
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Bitcoin Price Falling, China Delays Work on Its Crypto Due to Coronavirus
The leading cryptocurrency is giving up its positions right before our eyes. On Thursday, February 27th, it is trading at $8,520, though just recently it was keeping above $10,000. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Bitcoin price is falling: technical analysis. The BTC may grow to $100,000 – Herjavec Group. China postpones the development of its cryptocurrency due to coronavirus. Bitcoin Price Technical Analysis On W1 of the BTC, there is a clear descending candlestick, hinting at the beginning of a new declining wave. The idea is supported by the Stochastic and the MACD. If the market manages to return under 50.0% Fibo, the quotations will then decline to 76.0% ($5,700) and then – to the fractal minimum at $3,122. Photo: Roboforex / TradingView On D1, the picture of a trend change is even clearer. After a breakout of the support line of the previous channel of growth, the quotation reached the projection support and are testing it. The construction of the descending dynamics indicates speeding up of the decline but the test of the projection support slows it…
