Forget China—Is This The Real Reason Bitcoin, Ethereum ...
Forget China—Is This The Real Reason Bitcoin, Ethereum ...
Former Ripple CEO Believes Bitcoin Can Be Destroyed by China
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Bitcoin News Today - Latest Cryptocurrency News and Updates
Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
05-06 19:05 - 'Bitcoin News Today 2020: Will 3 Billion People In India And China Drive Bitcoin and Crypto Mass Adoption?' (self.Bitcoin) by /u/Lumin8_Crypto removed from /r/Bitcoin within 331-341min
''' Bitcoin News Today 2020: What is the most crucial metric for Bitcoin growth? Could it be mass adoption? The population of China and India is approaching 3 billion people. Could Digital Yaun and an Indian Crypto trading app become the catalyst that pushes Bitcoin towards mass adoption? In this video, we will dig into this new app and the Digital Yaun. Another headline we are going to talk about is those who invested their stimulus checks into Bitcoin are currently up more than 35%. It sounds like they made a wise investment. Watch the video: [[link]2 [link]3 ''' Bitcoin News Today 2020: Will 3 Billion People In India And China Drive Bitcoin and Crypto Mass Adoption? Go1dfish undelete link unreddit undelete link Author: Lumin8_Crypto 1: yo*tu.be/C*b**kT*Ddw 2: *outu.be/C*b*4k**Ddw]^*1 3: pre**ew.redd.it*uoi8zlg*b5*41.jp*?wi*th=*92*&form*t**jpg*amp;a*to=we**&**p*s=91*95cf998ce5e****d***cd76e*38d**f6bdb44 Unknown links are censored to prevent spreading illicit content.
China coins up today more that other alts. I think we may see President Xi have some nice words in his closing speech tomorrow. BTC could be up too except news the fork isn't going to be as big of a deal. /r/Bitcoin
From the horse's mouth: An article in English summarizing today's Bitcoin China news, just posted by Caixin, the Chinese news source that wrote the article that started the whole thing
[I've read every news story I can find on the Bitcoin China news, and everyone is basically using Caixin and Bobby Lee as their sources, so once you've read this, and Bobby Lee's quotes, you know almost everything you need to know.] http://m.english.caixin.com/m/2014-03-27/100657518.html PBOC Rule Means Bitcoin Websites in China Must Close, Expert Says 03.27.2014 17:17 Central bank told banks and payment firms to shut accounts of site operators, a move one analyst says means traders have to leave country By staff reporters Zhang Yuzhe and Li Xiaoxiao (Beijing) – The central bank has taken a step that at least one expert says means all bitcoin trading websites in the country must close. The People's Bank of China (PBOC) renewed its crackdown on bitcoins by requiring banks and payment companies to close all the accounts opened by the operators of websites that trade in the virtual currency by April 15. This means people will only be able to use cash to buy bitcoins, an analyst who has been following the matter said, and will force all trading websites in the country to close. "The only one way out for bitcoin websites is moving their servers abroad and using the service of foreign banks and payment companies," the expert said. The requirement, which Caixin saw in a document the central bank's headquarters recently sent to regional offices, says money can be taken from the accounts before the deadline, but no deposits can be made. Banks that fail to close the accounts will be punished, the PBOC said, but it did not elaborate on what those punishments would be. The central bank document listed 15 trading websites whose accounts must be closed. The regulator and four other central government agencies jointly issued a circular last year that prohibited payment companies and financial institutions from providing services to bitcoin trading platforms. The circular said bitcoins are a commodity, not a currency. It added that investors are free to trade in bitcoins at their own risk, but should know they cannot be used as legal tender. Bitcoins are created by computers linked in a network. To get them, a person can either make a purchase on a trading platform or become a "miner," who uses a computer to process data generated when other miners and traders create and trade bitcoins. The value of bitcoins rode a rollercoaster last year as demand fluctuated. The highs exceeded 8,000 yuan per unit and the lows dipped to only several hundred yuan. Prices on March 27 were around 3,500 yuan per bitcoin. Experts estimate that transactions on Chinese bitcoin trading platforms account for about 60 percent of the global total. Mt. Gox, once the world's largest exchange, filed for bankruptcy in February. (Rewritten by Wang Yuqian)
The Dow fell 632.42, or 2.25%, to 27,500.89, the Nasdaq lost 465.944, or 4.11%, to 10,847.69, and the S&P 500 declined 95.12, or 2.78%, to 3,331.84. The major averages were sharply lower in Tuesday's trading, picking up where they left off before the long holiday weekend. Tech once again was leading the charge lower, with the Nasdaq the laggard among the major averages. Today's selling was largely a continuation of last week, but unlike Friday, buyers appeared unwilling to buy the dip. Tesla's 21% decline was a drag on the Nasdaq, while Apple's 7% decline pressured the large-cap indices and the S&P 500 information technology sector (-4.6%). The energy (-3.7%) and financials (-2.6%) sectors followed suit amid weaker oil prices ($36.76/bbl, -2.94, -7.4%) and lower Treasury yields, while the utilities sector (-0.6%) declined the least. Besides concerns that the market's pullback had more room to go, investors had to contend with Democratic leadership rebuffing the Senate's $300 billion coronavirus relief bill, President Trump suggesting disincentives for U.S. companies to outsource jobs to China, and reports that China's largest semiconductor foundry could be added to a trade blacklist. Production problems at a BA 787 Dreamliner factory have prompted air-safety regulators to review quality-control lapses potentially stretching back almost a decade, The Wall Street Journal reported over the weekend. This morning, Boeing said in a statement to media outlets that inspections stemming from production problems of its 787 Dreamliners are slowing deliveries. AAPL announced an event, to be held from Apple Park on September 15, without offering details on the nature or contents of the meeting. Bloomberg is reporting the event will be focused on the iPad, not the company's new iPhone models. The prospect of potential retaliation on U.S. semiconductor companies was an additional drag on the Philadelphia Semiconductor Index (-4.7%). Separately, Boeing (BA 161.08, -9.97, -5.8%) provided a disappointing update, saying 787 Dreamliner production problems have slowed the pace of deliveries. Among the noteworthy gainers was NKLA, which surged +40.8% after GM, +7.9% formed a strategic partnership that was well-received by investors. WDIS, +1.7% was upgraded to Buy from Hold at Deutsche Bank. Among the notable losers was CRBP, which fell 74% after its RESOLVE-1 Phase 3 study did not meet its primary endpoint. Also lower was ACMR, which declined 26% after Needham analyst N. Quinn Bolton downgraded the stock to Hold from Buy, saying that the company's business outlook could weaken due to its "material exposure" to Chinese chip giant SMIC. The downgrade follows reports that the Pentagon proposed for SMIC to be added to U.S. government trade blacklist. U.S. Treasuries saw increased buying interest amid the decline in equities but closed off highs. The 2-yr yield declined two basis points to 0.14%, and the 10-yr yield declined four basis points to 0.68%. The U.S. Dollar Index rose 0.8% to 93.46. Oil prices were pressured by Saudi Aramco lowering its prices for buyers in Asia and the U.S. due to sluggish demand. Elsewhere, Stoxx 600 provisionally closed over 1% lower, with the tech sector falling another 2% as almost all sectors and major bourses fell into negative territory. Stocks in Asia-Pacific were higher on Tuesday, as Japan released revised gross domestic product figures for the second quarter.
The U.S. Dollar Index climbed 0.8% to 93.46, recording its sixth consecutive advance. In emerging markets, Turkey’s lira hit another record low and Russia’s rouble sagged to its lowest since April amid ongoing talk about fresh Western sanctions.
EUUSD: -0.3% to 1.1777
GBP/USD: -1.3% to 1.2988
USD/CNH: +0.3% to 6.8537
USD/JPY: -0.2% to 106.03
Treasuries overtook their opening levels as the stock market opened for the day, but the buying pressure faded shortly thereafter, allowing Treasuries to inch back to their starting levels as the day went on. Today's $50 bln 3-yr note auction was met with lukewarm demand but Treasuries of most tenors remained near their midday levels into the close.
2-yr: -2 bps to 0.14%
3-yr: -1 bp to 0.17%
5-yr: -3 bps to 0.27%
10-yr: -4 bps to 0.68%
30-yr: -5 bps to 1.42%
WTI crude futures settled sharply lower by 7.4%, or $2.94, to $36.76/bbl. Prices were pressured by Saudi Arabia reducing October prices for buyers in Asia and the U.S. Gold futures settled $8.90 higher (+0.5%) to $1,943.20/oz, recouping earlier declines, as pressure from equities pushed investors into the yellow metal. Gold’s gains came despite a stronger dollar, which rose 0.7% against rivals. Investors are now awaiting an ECB policy meeting due on Thursday, while the U.S. Federal Reserve’s next meeting is scheduled for next week.
WTI crude: -7.4% to $36.76/bbl
Gold: +0.5% to $1943.10/ozt
Copper: -1.3% to $3.023/lb
Bitcoin is again proving itself to be a bit too correlated with financial markets for comfort, continuing to slide right alongside stocks.
Bitcoin: $10,035.96 (24hr: -1.15%)
Ethereum: $337.05 (24hr: -2.62%)
Ripple: $0.23 (24hr: -0.06%)
FAAMG + some penny stocks +20.9% YTD
Spoos +3.1% YTD
Old man -3.6% YTD
Russy -9.7% YTD
In COVID-19 news, Florida reported 650,092 cases of the virus versus 648,269 the previous day, while California reported a 2,676 increase in cases from the prior day. The CEOs of AZN, BNTX, GSK, JNJ, MRK, MRNA, NVAX, PFE and SNY announced a pledge, outlining a "united commitment to uphold the integrity of the scientific process as they work towards potential global regulatory filings and approvals of the first COVID-19 vaccines." The statement reads in part: "We, the undersigned biopharmaceutical companies, want to make clear our on-going commitment to developing and testing potential vaccines for COVID-19 in accordance with high ethical standards and sound scientific principles. The safety and efficacy of vaccines, including any potential vaccine for COVID-19, is reviewed and determined by expert regulatory agencies around the world, such as the United States Food and Drug Administration. FDA has established clear guidance for the development of COVID-19 vaccines and clear criteria for their potential authorization or approval in the US. FDA's guidance and criteria are based on the scientific and medical principles necessary to clearly demonstrate the safety and efficacy of potential COVID-19 vaccines. More specifically, the agency requires that scientific evidence for regulatory approval must come from large, high quality clinical trials that are randomized and observer-blinded, with an expectation of appropriately designed studies with significant numbers of participants across diverse populations...We believe this pledge will help ensure public confidence in the rigorous scientific and regulatory process by which COVID-19 vaccines are evaluated and may ultimately be approved. We believe this pledge will help ensure public confidence in the rigorous scientific and regulatory process by which COVID-19 vaccines are evaluated and may ultimately be approved." The companies also pledged to "only submit for approval or emergency use authorization after demonstrating safety and efficacy through a Phase 3 clinical study that is designed and conducted to meet requirements of expert regulatory authorities such as FDA."
Slack Technologies EPS beats by $0.03, beats on revenue. Reports paying customers of 130k +30%. Shares down by 15%.
Snowflake prices $75-85 IPO with Salesforce, Berkshire Hathaway set to buy
Lululemon slips after earnings beat, execs cautiously optimistic on back half
TL;DR: Wakey wakey, give a crap about freedom, or accept the consequences. Another Sunday afternoon, another news item about Monero being delisted from a centralized exchange, this time in Australia. Last year it was OKEx and others. Just a few days ago it was Coinspot. It is sort of an open secret that Coinbase is not listing Monero due to external pressures. Today we're hit with news that Kraken will be ceasing Monero trading for AU residents. And you will also recall that Japan and South Korea have made similar moves. It's a near impossibility with me, especially when powered by caffeine, which is most definitely the case today, but I will try to make this brief, sweet and to the point. These are not isolated incidents. There is an International Organization™ in particular orchestrating, behind the scenes, the policies and requirements that financial institutions (crypto exchanges have since joined that category for this purpose) must follow, or else. Here is what bothers me about this. Have you been consulted about this? Anyone you know? Heard of it in the news? Yeah, me neither. You have to know where to look to find some information on what they would like to see happening (we'll get to that in a moment), and often you have to read PDFs with dozens of pages to find the good stuff too. I will leave that as an exercise to the reader. Suffice to say, I have been digging a bit deeper myself, and what I found shocked me. FATF wants nothing less than the complete elimination of anonymity and privacy in financial affairs, even going so far as to consider BANNING peer to peer transactions so that people are forced to interact with each other through exchanges, where data collection is more reliable and certain, effectively obliterating one of the major selling points of cryptocurrency (p2p-ness) with complete disregard for the millions of people who are already onboard with the vision. No privacy and no anonymity, imagine that. Many of you probably already use plastic cards for everything, day in day out, and don't think too much about this stuff. But the fact that an international organization that you have little to zero democratic control over is planning to get rid of class of financial tools that 99.99999% of people don't even realize exists yet should give you pause for concern. The tools I speak of are, of course, digital cash-like cryptocurrencies like Monero. I would like you to PAUSE, daydream a bit, visualize and imagine, what a world without zero financial privacy/anonymity would look like. Consider, this has certainly not been the case in human history, ever -- yes, even today. Today most of you still have cash as a choice. But what happens when that goes out of the window, and the only options are CBDCs, CorporateCoins, and transparent cryptocurrency ? Needless to say, both in the case of CorporateCoins and CBDCs, there will be little to none privacy/anonymity, and even if there was (in the case of CorporateCoin), the state would obviously bully its way into it and force them to do otherwise (without being asked to do so, of course). So, imagine that world. Every donation you make. Every $50 transfer to a friend or family member. Every item you buy. Every service you purchase. Every money you send to help a friend you. All of it stored, forever, to be accessed later at will for whatever reasons. Would you make the same choices, knowing that your entire financial life is entirely exposed to powerful organizations of which you likely know very little about and almost certainly can hardly ever influence at all? Does that seem like a good recipe for a free society?
The people at the top either don't care about the consequences of what they're imposing worldwide, or they don't understand. Sounds highly concerning to me either way - It comes down to either bullying or ignorance. Would you ever have truly heart-to-heart conversations if you knew your worst enemy was potentially watching and recording everything? Could you make passionate love knowing hundreds of strangers are analyzing your every move? Can you be spontaneous knowing you are being recorded? What if you did not have a choice in those matters ?! What if someone has already decided for you, your friends, your family, your neighbors, your country, that you are all potential criminals and the thing to do is to keep records on everyone, just in case ? Newsflash: It already happened. It's been happening for awhile, and it seems to be picking up pace; the technology that was going to liberate us, slowly enslaving us instead -- because the general public largely does not understand the issues at hand, while the elite certainly does, and boy oh boy, are they thrilled with the technological advancements that help them cement their power. What do I mean by cement? Imagine trying to kick-start civil rights in a place where every social map is known, everything a person is interested in is known, every transaction they make is known, every website they have visited is known, every time they step on the street, an AI-powered camera automatically identifies them and tracks their movement. You would be unable to organize. To exchange value. To discuss behind curtains, so to speak. You would not have any privacy, and you would not have any anonymity. Could you be free under these circumstances?
It's been a long road towards more freedom, but nowdays it is disappearing fast. Stopping to consider the implications is a most pressing issue. They want Monero(-like tools) GONE because Monero ACTUALLY would change the paradigm. By the time they are done with their "recommendations" (which really mean: comply, or else...), mark my words, there will be a name behind every Bitcoin address in some centralized database, query-able by partners in deciding who can and cannot use the system. Merchants will be forced to perform chain analysis and by law they will be compelled to reject/refund/report transactions coming from "anonymous clusters" (addresses that are not known to have an identity tied to them). This is what the normalization of the lack of privacy has brought us. The possibility was there, and they took it. Of course they did. I repeat, it is no accident that it's not Dogecoin and Nano, Bitcoin or Litecoin being delisted. The star of the show (for better or for worse) is Monero, and that is because it works. It lets you transact anonymously and privately, like cash - why the hell should FATF know that you sent $500 to your mother last week? in fact, why the hell should they know your entire financial history?! When cash goes (and we can be fairly certain that it will be gone; would already be gone if this sort of authoritarian mindset had its way), Monero or tools like Monero, will become the only way to make any transaction outside the eyes of the state. It's not because you have anything (nefarious) to hide. It's not because you're a criminal. Rather, it's because to accept anything else is to bow to tyranny. It's your choice to make - are you meekly going to accept that in perhaps less than a decade there will be zero privacy and anonymity in financial matters, or are you going to fight back? Will you organize, campaign, email, discuss, spread awareness? Will you spend precious summer Sunday afternoons writing for strangers on the Internet trying to help a few more see the major shit-show we're headed into? Or will you be a good boy and do what you're told? Tomorrow, by the way - if left unchallenged - it won't just be financial privacy that disappears. One of the most prominent examples in the introductory part of this post (Australia) has already made quite clear that they don't like the fact that people can hide things from them (encryption). In other words, either they know about it (and archive it forever), or you better let them know. After all, a threat - any threat! - could be lurking somewhere in that encrypted data. And you have nothing to hide anyway, yes? This is a cryptocurrency sub though so let's not steer too far from that. It is important to remember that ultimately the issue is the same though - totalitarian control over everyone's life; mass-surveillance, and the ability to rewind and see someone's entire life exposed for the benefit of the state. Their actions are letting you know what really works and what really threatens the status quo. That is useful information. If you care at all about the freedom and privacy of your future self, your friends and family, children present or future, I think you would do well to think long and hard about these issues. Because the direction assumed by the most prominent regulators seems to be headed in a uniform direction - that is no surprise, seeing as how they meet with each other. You have to ask yourself though, is this for your benefit, your safety? Or is it to keep the statuo quo? How would the world be different if human beings - regardless of color, nationality, age, sexual orientation, political beliefs- with an Internet connection could freely exchange value privately and anonymously (the way we can still communicate private and anonymously in most places today - though not so in authoritarian places like China, AND THAT IS NOT A COINCIDENCE)? It would be instant, like an instant message. It would cost very little. Well, I have news for you: It's already possible, and a growing number of people are realizing this. This tool is called Monero. It exists today, and the cat is out of the bag. The technology will only get better, and more interesting tools may even come along later. In fact, barring mass persecution of open-source developers, that is very likely what is going to happen, as ultrasmart people everywhere congregate in virtual spaces to discuss better ways to do stuff. If we keep losing our right to be left alone until suspected of a crime, life will increasingly come to resemble what the regulator types are - consciously or unconsciously - creating: a Panopticon society. If you don't speak up, then the decision has already been made - and you're probably going to live to regret being complicit in it. Freedom or Tyranny. It's your choice to make. p.s: Yes, totally failed at making this short. I guess it's just not my thing.
China’s digital cash is designed to be an electronic version of a banknote, or a coin: it just lives in a digital wallet on a smartphone, rather than a physical wallet. Its value would be backed ... Bitcoin News is the world's premier 24/7 news feed covering everything bitcoin-related, including world economy, exchange rates and money politics. In a recent op-ed article published by The Hill, former Ripple CEO Chris Larsen argues that China has enough power to take control over Bitcoin: “At least 65 percent of cryptocurrency mining is concentrated in China, which means the Chinese government has the majority needed to wield control over those protocols and can effectively block or reverse transactions.” Bitcoin has swung wildly this week, as many had expected it to, with it losing $1,000 per bitcoin a few days ago before suddenly shooting back up earlier today. The bitcoin price is now at over ... Bitcoin price prediction: China-induced surge will continue if cryptocurrency defies dreaded 'Death Cross' INDY/ LIFE newsletter Be inspired with the latest lifestyle trends every week
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