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Showing posts from March, 2020

“Mega Bullish for Bitcoin” – Treasury Bill Yields Fall into Negative Territory

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Binance to Launch Crypto Exchange Supporting KRW-Backed Stablecoin

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On April 4, the Malta-based cryptocurrency exchange Binance will open Binance KR for trading in South Korea. Crypto exchange Binance is preparing to enter the Korean market for the first time. According to a company blog post on March 31, the Malta-based exchange will soon open Binance KR for trading. The crypto-to-crypto exchange is so named for South Korean traders.  Binance KR will be launched on Binance Cloud and offer the “market’s deepest spot trading liquidity, most robust matching engine, and most advanced state-of-the-art security, custody, and risk controls.” The exchange will also support Binance KRW (BKRW), a stablecoin backed by the South Korean Won (KRW). Users can trade in Bitcoin (BTC), Ethereum (ETH), and the firm’s signature Binance Coin (BNB). By supporting stablecoins , Binance KR will allow Korean traders to easily convert their country’s fiat currency into BKRW. Open for deposits using KRW starting April 2 The launch of Binance KR comes right on the heels

Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal

Mt. Gox's bankruptcy trustee is holding off on filing a civil rehabilitation plan to the Tokyo District Court after creditors took issue with it. from CoinDesk https://ift.tt/33W2A0y

Bitcoin Just Rejected $6,600 and Its Vulnerable To a Short-Term Correction

Bitcoin is up more than 8% and it broke the $6,500 resistance area against the US Dollar. BTC price is now struggling to clear $6,600 and it could correct lower in the short term. Bitcoin gained bullish momentum above the $6,200 and $6,400 levels against the US Dollar. The price topped near the $6,640 level and it is currently correcting lower. There is a connecting bullish trend line forming with support near $6,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower towards the $6,280 area if it breaks the trend line support. Bitcoin Gains 8% After a successful close above the $6,000 area, bitcoin price formed a support base against the US Dollar. As a result, BTC price started a steady increase above the $6,200 resistance and the 100 hourly simple moving average. The price gained pace and traded above the $6,400 pivot area. It is up more than 8% and it even climbed above the $6,500 resistance. A high is formed near the $6,641 level and it se

Owning keys?

How do I own my bitcoin? I’m new and buying a little here and there. I want to know about “not your keys, not your btc.” Before I make a big purchase on Coinbase. Thanks submitted by /u/torobravo405 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2UuPmor

Look what came on Nickelodeon today. “Loud House” they mentioned Crypto today.

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Whether or not you contract the virus, everyone is feeling the consequences. The monetary system in every developed country is being forced to respond and by so doing has created an opportunity to examine what that system is and what it does.

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The wealthy are still clueless about the value of bitcoin and blockchains

We're still in the early stages of adoption and acceptance. Cuban has no idea what is talking about when it comes to blockchain technology and the intrinsic value of bitcoin. https://youtu.be/q2t0kCc2k6Q?t=101 submitted by /u/lost_civilizations [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/39uToBx

Bitcoin & Stocks Rise as US Economy Grinds to a Halt — Furloughs Soar

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Bitcoin price attacked the $6,600 resistance on Monday but a move above $6,900 is what’s really needed to change the current trend. Monday proved to be a surprisingly fruitful day for Bitcoin ( BTC ) price as the digital asset rallied 12.73% to $6,599 before pulling back to $6,380 a few hours later.  Despite gloomy news of the U.S. reaching 3,000 deaths from the Coronavirus and major retailers furloughing 500,000 workers, traditional markets also surged on Monday. The S&P 500 rallied 3.35% while the Dow and Nasdaq gained 3.19% and 3.62% respectively.    Crypto market daily price chart. Source: Coin360 As discussed in a recent analysis , the price of Bitcoin needed to reclaim the $6,200 level to avoid a revisit to $5,870. Retaking $6,200 placed the price above the descending trendline and the 23.6% Fibonacci retracement level.  BTC USDT 4-hour chart. Source: TradingView Earlier in the day Cointelegraph contributor Michaël van de Poppe suggested that once above $6,200 t

Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears

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On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds ($3,200). The CBE cited concerns over the covid-19 outbreak and also limited automated teller machine (ATM) withdrawals to 5,000 pounds per day. Also read: Bitcoin Mining Roundup: BTC Regains 100 Exahash, Miners Close Shop, Pre-Halving Shake-Up Central Bank of Egypt Enforces Cash Withdrawal Limits at Bank Branches and ATMs The global economy has been suffering from the economic hardships tied to the covid-19 outbreak that has ravaged multiple countries. The coronavirus scare has caused people to question the use of cash due to the uncleanliness of bills. For instance, at the beginning of March, the U.S. central bank told the public it was holding U.S. dollars repatriated from Asian count

Ripple (XRP) Lacks Momentum But Here’s Why Bulls Are Comfortable

Ripple is up around 5% and it broke the $0.1700 resistance area against the US Dollar. XRP price is currently consolidating gains below the key $0.1750 resistance. Ripple price is showing a few positive signs above the $0.1650 support against the US dollar. The bulls are likely to gain strength if there is a break above the $0.1750 hurdle. There was a break above yesterday’s key bearish trend line with resistance near $0.1690 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh decline if it fails to stay above the $0.1650 support area. Ripple Price Consolidating Gains After trading as low as $0.1620, ripple started a steady upward move. XRP price traded above the key $0.1650 and $0.1700 resistance levels to start a real recovery wave. There was even a break above the $0.1720 resistance and the 100 hourly simple moving average. However, the bulls faced a strong resistance near the $0.1750 area. There was also a break above yesterday’s key bear

Graphic artist uses Dreams to create photorealistic worlds on the PS4

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WTF?! Dreams is a creative platform for the PlayStation 4 that allows users to create whatever they want, limited only by their imagination and the PS4’s hardware, which is apparently stout enough to render a photorealistic forest in real-time. I don’t think anybody anticipated Dreams to facilitate the creation of something this authentic looking. When Little Big Planet developer Media Molecule launched Dreams on PlayStation 4 in Early Access last year, it seemed pretty limited. The sandbox-like application allows users to create anything from games to works of art with a simple interface. At first, most of the creations were crude versions of other games like an HD remake of Metal Gear Solid or a retro-style imagining of Cyberpunk 2077 called Cyberpunk 1997. The graphics are what you would expect — mostly last-generation rather than current. However, now that players have gotten their feet wet, some have created stunning worlds or levels that are near photorealistic. [embedded c

Japan’s Crypto Garage Is Raising the Bar for Bitcoin-Based Cryptofinance Products

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This is a sponsored article provided by Crypto Garage. At Tokyo-based Crypto Garage, innovators are working to create a wide array of specialized cryptofinance tools to help facilitate a transformation of our financial world into one based on the values of Bitcoin: transparency, security and decentralization. “We see a world where there is a platform for various types of assets that can be transacted without counterparty risk,” as Justin Dhingra, chief cryptofinance officer at Crypto Garage, put it. “Our service is not here to replace the existing financial infrastructure, but instead give the end customer, ranging from consumers to institutions, a choice to conduct different types of financial transactions on a peer-to-peer (P2P) basis.”  Crypto Garage’s DNA in Bitcoin Crypto Garage seeks to become the leading architect of products in the cryptofinance space, which it defines as a specialized field that integrates modeling and structuring from financial engineering, cryptography

Ethereum Defies Gravity But Here Is Why It Could Fail Again

Ethereum is up more than 5% and it broke the $130 resistance area against the US Dollar. However, the main $135 resistance area is still acting as a major hurdle for ETH bulls. Ethereum gained traction and it broke the $130 ad $132 resistance levels against the US Dollar. The price is currently facing a major resistance near the $135 level (the previous support). There is a short term declining channel or a flag pattern forming with resistance near $135 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either rally above the $135 barrier or it might restart its downward move. Ethereum Price Testing Key Resistance After tagging the $125 support area, Ethereum started a fresh upward move against the US Dollar. ETH price was able to clear the $130 resistance area to move into a positive zone. The bulls were able to push the price above the $132 level and the 100 hourly simple moving average. The price is up more than 5%, but it is now facing a strong hurdle near the $1

You need a pair to #HODL

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Recent developments in transaction volume on the Bitcoin network show very nicely how keeping the block size limit at 1MB was the correct decision.

https://www.blockchain.com/charts/n-transactions Those two abrupt declines in volume were caused by the companies Veriblock and Coinbase respectively (I think this is the result of Coinbase batching, correct me if I'm wrong). Whatever territory you give them, they will take. Veriblock will just spam the blockchain with its useless crap if it's cheap enough. There has to be a fee market, and those who use the blockchain inefficiently must be made to pay until they improve their practices. Otherwise why would they ever bother to do things better? /u/luke-jr was probably right when he said the block size should actually be decreased. It could have hastened adoption by making running a node easier. But of course, consensus is the name of the game and neither he nor the big-blockers could get it. NB: Technically the current limit with segwit is 4 MWU (million weight units), corresponding in practice to a usual limit of around ~2 MB. submitted by /u/Mccawsleftfoot [link]

Tokyo District Court Extends Mt. Gox Rehabilitation Plan Deadline

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Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi was granted a motion with the Tokyo District Court to extend the deadline to July 1, 2020. The trustee of now-defunct Japanese cryptocurrency exchange Mt. Gox has extended the deadline for the submission of rehabilitation plans.  According to an official announcement published on the company’s website on March 30, Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi filed a motion with the Tokyo District Court to extend the submission deadline of a rehabilitation plan. On March 27, the court released an order to extend the deadline to July 1, 2020.  Kobayashi was granted a similar extension in April 2019, which pushed the deadline at that time to October. Deadline moved due to ‘matters that require closer examination’ Once a rehabilitation plan is submitted, former Mt. Gox crypto and fiat currency holders may be able to receive some of their funds back. However, the wording of the announcement is vague, citing “matters that require

FWIW

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Is Ethereum Legit? (3 Reasons)

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Ethereum as a Cryptocurrency token has been considered as an “illegitimate” cryptocurrency. Many have asked the basic question: Is Ethereum legit? The answer to this question is yes!! Ethereum is as legit as it gets! The following points shall prove the legit nature of Ethereum as a cryptocurrency token: The Ethereum Blockchain is an Operating System Rather than being just a cryptocurrency token, Ethereum’s blockchain is a decentralized operating system. This is because it allows for the development of decentralized applications. The enforcement of rules based on conditions that are defined by what is called “Smart Contracts”. Smart Contracts are the first example of liquid conditions on a blockchain. Remember that blockchain records don’t change. This is a big problem for many types of applications. To solve this, smart contracts define conditions for the exchange of tokens. Tokens must be given to the miners so that the App can run smoothly. Let’s put it this way. Ethereum has

Transcend Launches microSD Cards with SLC Caching

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Transcend has unveiled a new series of microSD memory cards that support pseudo-SLC caching to boost burst write speeds. The new USD230I memory cards offer data transfer speeds of up to 100 MB/s as well as random read/write performance of up to 3,400 IOPS. Transcend’s USD230I lineup includes microSD cards featuring 8 GB, 16 GB, 32 GB, and 64 GB capacities. The cards carry the A1 as well as the V30 badges, so they can be used to install Google Android applications and guarantee a minimum write speed of up to 30 MB/s, which is good enough for 4K video shooting. Pseudo-SLC caching was introduced into the standard by the SD Association back in early 2017, but so far no actual memory cards have used this technology. Meanwhile, since Transcend’s USD230I use 3D TLC NAND memory, the only way to boost their writing performance is indeed through pSLC caching. Unfortunately, the manufacturer does not specify the sizes of its pSLC cache. As far as endurance is concerned, the 8 GB model is rat

Bitcoin is going up in the midst of the world going bananas. Who's accumulating? Banks? Governments? Good guys, bad guys? Very interesting!

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Would Bitcoin Hit $9,500 again this year?

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Kleiman Estate Calls on Former nChain CEO for Deposition in Craig Wright Case

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In their case against Craig Wright, the legal team for Kleiman has resorted to Twitter to serve Jimmy Nguyen a subpoena to appear at a deposition. After a court slammed Craig Wright for producing forged documents and giving perjured testimony in the ongoing legal circus between Wright and Ira Kleiman’s estate concerning the Tulip Trust, Kleiman’s legal team is hard at work finding a key witness.  Wright’s legal team are trying to subpoena former nChain CEO Jimmy Nguyen to provide a deposition. However, it seems like they are having a difficult time tracking him down. Wright’s legal team left a comment on Jimmy’s latest Twitter post on March 29 , saying:  “Jimmy — we've been trying to serve you with a subpoena in Kleiman v. Wright.  We tried your house and your email. Will you accept service via Twitter?” Craig Wright beating around the bush  As Cointelegraph reported previously, the court had ordered Craig Wright to provide the private keys to Satoshi’s Bitcoin by January

Ripple (XRP) Turned ‘Sell’ On Rallies: Key Resistance Levels To Watch

Ripple is down close to 5% and it broke the key $0.1680 support zone against the US Dollar. XRP price is currently correcting higher, but it is likely to face hurdles near $0.1700. Ripple price declined below the $0.1720 and $0.680 support levels against the US dollar. A low is formed near $0.1620 and the price is currently correcting higher. There is a key bearish trend line forming with resistance near $0.1685 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to face a lot of selling interest if it corrects towards $0.1680 or $0.1700. Ripple Price Turns Red In the past few days, ripple faced an increase in selling pressure from well above the $0.1750 zone. XRP price broke a couple of important supports near the $0.1720 level to move into a bearish zone. The bears gained traction and they succeeded in gathering momentum below the $0.1680 level and the 100 hourly simple moving average. The price traded as low as $0.1620 and it is currently correctin

If I had a dollar for every time someone said this was the last time it’d ever be below $X,XXX I’d have 0 bitcoin.

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Coinbase’s Retail Payment Portal Passed $200 Million in Transactions

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The payment portal for crypto exchange Coinbase passed $200 million in transactions from the platform’s 8,000 integrated retailers. Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, just passed $200 million in total transactions processed over its two-year history. According to sources available to Cointelegraph, the wing of the largest crypto exchange in the U.S. reported on March 26 that the platform’s success was due in part to the 8,000 retailers currently using Coinbase for payment services. Bitcoin preferred for retail payments While the coronavirus pandemic is wreaking havoc with traditional markets, the news from Coinbase Commerce would imply consumers are still comfortable using Bitcoin (BTC) to pay for products. John Zettler, product lead at Coinbase Commerce, said BTC was by far the preferred payment method among the cryptocurrencies offered as payment methods on the platform: “Merchant customers often tell us it's the

Singapore Crypto Exchange Eyes US Expansion After Registering With FinCEN

Singapore-based Bitget has registered with the U.S. Treasury Department as a money services business, the first step to launching operations in the country. from CoinDesk https://ift.tt/2UqKtg0

Ethereum Price Plunges to $125: Can Bulls Save the Day?

Ethereum is currently declining and it broke the $130 support area against the US Dollar. ETH price is consolidating losses and upsides are likely to face hurdles near $128 and $130. Ethereum is down around 2% and it tested the $125 support zone against the US Dollar. The price is currently consolidating above $125 and it remains at a risk of more losses. There is a major bearish trend line forming with resistance near $128 on the hourly chart of ETH/USD (data feed via Kraken). A clear break below the $124 low could set the pace for more losses towards $120 and $118. Ethereum Price Gaining Bearish Momentum After struggling to stay above the $135 zone, Ethereum started a fresh decline against the US Dollar. ETH price gained bearish momentum and broke the $130 support level. There was a close below the $128 level and the 100 hourly simple moving average. The price tested the $124-$125 support area and a low is formed near $124. Ethereum is currently consolidating losses and trading above

Well, they aren’t entirely wrong...

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The Number Zero and Bitcoin.... such a thoughtful essay. Just remember that finite digital money is infinitely divisible

https://medium.com/@breedlove22/the-number-zero-and-bitcoin-4c193336db5b submitted by /u/the420chronicler [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/33WJibC

Should you prepare for the economy to tank? Jim Rickards thinks so -- and explains why.

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AR Crypto Game Makes an Impact on Social Distancing

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Crypto company,Triffic, is rewarding users with crypto for social distancing in their growing AR game. The coronavirus pandemic is causing the worst global economic recession among all business sectors since 1929 . Advertising and marketing budgets alone could see a $3 billion loss in 2020. Both traditional brands and crypto companies are replacing their high profile ads with low budget posts in an effort to combat the rising pandemic. Crypto industry is taking on the social responsibility Triffic, a free augmented reality game which rewards players with cryptocurrency, is doing their part to promote social distancing among their user base. On March 26, the startup announced on twitter that beta users can now collect limited indoor special items, such as toilet rolls, hand sanitizers, and facemasks. By participating, users could help raise money to help fight COVID-19. The company explained that: “Triffic is raising up to $10,000 for COVID-19 Response by donating GPSTokens ev

Voter records for the entire country of Georgia published online

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Image via Mostafa Meraji Voter information for more than 4.9 million Georgians, including deceased citiens, has been published on a hacking forum over the weekend, on Saturday. Personal information such as full names, home addresses, dates of birth, ID numbers, and mobile phone numbers were shared online in a 1.04 GB MDB (Microsoft Access database) file. The leaked data was spotted by the Under the Breach, a data breach monitoring and prevention service, and shared with ZDNet over the weekend. The database contained 4,934,863 records but was not kept up to date, as it also included details for millions of deceased voters — as can be seen from the screenshot below. According to a 2019 census, the country of Georgia has 3.7 million citizens — of which more than a third are believed to be underage and not eligible for voting. Image: ZDNet It is unclear if the forum user who shared the data is the one who obtained it. The user claimed the data originated from voters.cec.gov.ge

Market Update: Uncertainty Remains Thick as Bears Claw Bitcoin Price Below $6K

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Bitcoin’s price has been dragging downward and on March 29, BTC’s fiat value slipped beneath the $6K zone. Most of the top ten cryptocurrencies are down between 5-8% in the last 24 hours. As the global economy falters and the halving approaches, people are uncertain about the future price of bitcoin as “safe-haven” theories have been steadily vanishing. Also read: In-Between Bitcoin Halvings: Analyst Proves Bitcoin’s Price Not Bound to 4-Year Cycles Top Ten Cryptos See Some Percentage Losses During Sunday’s Trading Sessions The price of bitcoin affects the entire cryptoconomy most of the time and on Sunday, March 29, the story is no different. BTC has slipped beneath the psychological $6K mark after hovering around $6,450 for a while and then $6,200 during the last day and a half. At the time of publication, BTC is swapping for $5,904 per coin and has a market capitalization of roughly $108 billion. As usual, tether (USDT) is the top pair with BTC on Sunday capturing more than

Bear Market Over? Charts on Bitcoin and ASX 200 Suggest Otherwise

U.S stocks are showing signs of life amid the recent $2 trillion stimulus package. Yet it may be a while before confidence is restored. from CoinDesk https://ift.tt/3byTycl

Dutch Govt to Embrace Blockchain in Fight Against Pandemic

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A DLT firm will freely offer its blockchain platform to the Dutch government to track the nation’s medical supply chain. A consortium of Dutch companies has launched the “ Tech against Corona ” initiative. Participating firms will freely provide the Dutch government with access to innovative technologies that can be used in the fight against COVID-19. Netherlands-based distributed ledger technology (DLT) firm, Tymlez, is one of more than 10 companies who are freely providing their services and technologies to the government. Tymlez’ blockchain platform to bring transparency to medical supply chain Tymlez has offered its blockchain platform as the underlying technology to “model the medical goods ecosystem through a platform that matches supply and demand.” The firm's blockchain will be used to ensure transparency across the supply chain — preventing predatory value extraction, such as price gouging, amid the coronavirus pandemic. Some of the other local companies contributin

The Reality of life

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I want to invest 3k USD in Bitcoin. What is the best strategy to do it?

- How best to spread it over DCA? - Where is the best place to buy? - What is the best way to store? and - What is the best strategy to cash it out, if I don't want to wait more than 2-3 years? submitted by /u/leo45 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2xtS8kN

I have created a r/Bitcoin Team for folding Proteins to help with the fight against COVID19: 238758

This video will help provide some context: https://www.youtube.com/watch?v=KU4qOebhkfs And here is an article from Folding@Home for more details: https://foldingathome.org/2020/03/15/coronavirus-what-were-doing-and-how-you-can-help-in-simple-terms/ I've created a r/Bitcoin Team for COVID19 protein folding, our team number is 238758 . add this into the GUI by clicking "change ID" when you start mining/folding. I have been mining proteins now for the past week, its fairly easy to setup, but you do have to allow for express install on windows. custom installing is too much of a headache. once it's installed, it opens up a Firefox (Brave browser doesn't work, go figure) GUI where you can set how much CPU/GPU power you want to have dedicated to helping solve/folding proteins. You can use your CPU or GPU, and you can adjust the settings to have the program only work when you are idle or not doing anything. The COVID19 project is under the "All" category