Current Bitcoin Price

Thursday, October 31, 2019

Bullish for Bitcoin? Analyst Warns of Growing Motives for Global De-Dollarisation

Of course, Bitcoin use is free from the kind of financial censorship that is seen in examples like Argentina's recent dollar buying restrictions, payment ...

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clowns don't hodl

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Submitted October 31, 2019 at 04:43PM by satoshiBoi https://ift.tt/2N69iKF https://ift.tt/2Z7cX2s

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Klaytn Unveils 8 Additional KLAY-based Blockchain Applications

1, 2019 /PRNewswire/ -- Klaytn, the leading blockchain project led by the South Korean Internet giant Kakao, today announced that 8 new 'KLAY ...

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A move to implement better blockchain solutions for enterprises undergoing digital transformation

In a move to implement better blockchain solutions for enterprises across industries that are undergoing digital transformation, Talos Enterprise ...

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Blockchain and the Future of Banking (FrenchTech)

2/ 7pm – 7:15pm : 1 startup pitch Blockchain Fintech (to be announced) 3/ 7.15pm – 8.15pm : panel discussion moderated by Jerome Bailly, Chair ...

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A look at Monday's Chinese blockchain stock rally

On the first trading day after reports of Chinese President Xi Jinping's comments regarding the use of blockchain for innovation, Chinese ...

from Google Alert - Blockchain https://ift.tt/2WAp2IT

NY Regulator Looks to Tweak Oversight of Blockchain, Cryptocurrencies / Fresh Today / CUToday ...

ALBANY, N.Y.—After nearly five years of tough oversight of blockchain technology and cryptospace, the New York Department of Financial Services is ...

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The Future of Cryptocurrency Security will be Open Source

SatoshiLabs, the company behind Trezor, the first cryptocurrency hardware wallet in the market, is improving its services and facing many challenges ...

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Cryptocurrency

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Bitcoin On-Ramp: The Comprehensive Guide On How To Get Bitcoin

Cryptocurrency has revolutionized how global citizens view what the definition of currency may mean. Even at a young age, most people understood ...

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11 Years Ago Today Satoshi Nakamoto Published The Bitcoin White Paper

Bitcoin: A Peer-to-Peer Electronic Cash System — published on Oct. 31, 2008 — outlined a tamper-proof, decentralized peer-to-peer protocol that ...

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Bullish for Bitcoin? Analyst Warns of Growing Motives for Global De-Dollarisation

Of course, Bitcoin use is free from the kind of financial censorship that is seen in examples like Argentina's recent dollar buying restrictions, payment ...

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clowns don't hodl

https://ift.tt/324x51Q

Submitted October 31, 2019 at 04:43PM by satoshiBoi https://ift.tt/2N69iKF https://ift.tt/2Z7cX2s

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NY Regulator Looks to Tweak Oversight of Blockchain, Cryptocurrencies / Fresh Today / CUToday ...

ALBANY, N.Y.—After nearly five years of tough oversight of blockchain technology and cryptospace, the New York Department of Financial Services is ...

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The Future of Cryptocurrency Security will be Open Source

SatoshiLabs, the company behind Trezor, the first cryptocurrency hardware wallet in the market, is improving its services and facing many challenges ...

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Cryptocurrency

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Bitcoin On-Ramp: The Comprehensive Guide On How To Get Bitcoin

Cryptocurrency has revolutionized how global citizens view what the definition of currency may mean. Even at a young age, most people understood ...

from Google Alert - Bitcoin https://ift.tt/2BYdPZ5

11 Years Ago Today Satoshi Nakamoto Published The Bitcoin White Paper

Bitcoin: A Peer-to-Peer Electronic Cash System — published on Oct. 31, 2008 — outlined a tamper-proof, decentralized peer-to-peer protocol that ...

from Google Alert - Bitcoin https://ift.tt/2qUwtyO

Bullish for Bitcoin? Analyst Warns of Growing Motives for Global De-Dollarisation

Of course, Bitcoin use is free from the kind of financial censorship that is seen in examples like Argentina's recent dollar buying restrictions, payment ...

from Google Alert - Bitcoin https://ift.tt/2WtJXgT

clowns don't hodl

https://ift.tt/324x51Q

Submitted October 31, 2019 at 04:43PM by satoshiBoi https://ift.tt/2N69iKF https://ift.tt/2Z7cX2s

NY Regulator Looks to Tweak Oversight of Blockchain, Cryptocurrencies / Fresh Today / CUToday ...

ALBANY, N.Y.—After nearly five years of tough oversight of blockchain technology and cryptospace, the New York Department of Financial Services is ...

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The Future of Cryptocurrency Security will be Open Source

SatoshiLabs, the company behind Trezor, the first cryptocurrency hardware wallet in the market, is improving its services and facing many challenges ...

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Cryptocurrency

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Wednesday, October 30, 2019

Why I Joined the Blockchain Revolution at Cred

Cliff Edwards joins the blockchain revolution as Chief Marketing Officer at Cred. An award-winning journalist for The Associated Press, BusinessWeek ...

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BitcoinTV by Chico Crypto on YouTube

BITCOIN Critical Range Hit🎯 Next Move? Bounce or Dump?
Bitcoin is settling into a critical range, & is getting ready for another BIG move! Will it propel Bitcoin back into Bullish territory or will the Bears take over once again? The charts don’t lie, and previous indicators point to a major bounce or a major dump. Plus crypto news from around the space including: Tron, Tether, Binance, Ethereum DeFi, Chainlink, iExec RCL & More! 👌👌Subscribe to The Chico Channel--https://www.youtube.com/channel/UCHop-jpf-huVT1IYw79ymPw?sub_confirmation=1 📺Watch These Videos Again📺 Bitcoin Winter Is Coming! How Low Can It Go?? https://www.youtube.com/watch?v=mNn5-Q8sCxI&t=54s Bakkt Bad for Bitcoin? Their Connection To Donald Trump https://www.youtube.com/watch?v=grFtmLsyFqk China Isn’t The Reason For This Pump. Tether Is!!! https://www.youtube.com/watch?v=rEpS9M_1jkU&t=68s 🤫►► ► Chico Crypto Exclusive Links ◄◄◄🤫 🔥Join The Chat On Telegram 🔥 https://ift.tt/2QadgEi 👉🏻Follow Me On Twitter https://goo.gl/gmsDXa 👌👌Subscribe to The Chico Channel--https://www.youtube.com/channel/UCHop-jpf-huVT1IYw79ymPw?sub_confirmation=1 💥Buy A Ledger & Keep Your Crypto Safe💥 https://ift.tt/2SMkP1m 👍Download The Brave Browser $BAT & Support Crypto! https://ift.tt/2IyMkMa 💲 💲Want to buy your first crypto or Bitcoins? Sign up for Coinbase and get $10 in free Bitcoin https://ift.tt/2T3fxm7 👉Sign Up For Gate.io Exchange https://ift.tt/2ILoUky 📚 📚Educational links and crypto resources for starting in cryptocurrency Check the prices and stats of the most popular cryptocurrencies with Coinmarketcap https://ift.tt/1oKjfXP What is Bitcoin, altcoins, Ethereum and other cryptocurrencies https://ift.tt/2T6W5oH 🏺Cryptocurrency Donations: Support The Channel!!🏺 BTC: 3ArFPC5ik9tBy8ART6R2X59qiNXatw5EAG ETH: 0xF1d402C0175a9fa80dD770e82fa0BD50FDab0EbD BITCOIN CASH: 1DPJstcTeHzDbSd1aeeAnwUBNfJWFPNA #bitcoin #BIGMOVE #crypto #btc #cryptocurrency #altcoin #altcoins #bestcrypto #ethereum #chainlink #eth #chicocrypto #trx #blockchain #live The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research!


View on YouTube

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Binance CEO Warns Countries Risk Being Left Behind As Global Race for Blockchain and Crypto ...

In a new Periscope video, Binance CEO Changpeng Zhao says the success of cryptocurrency is evident in the price of Bitcoin. But he believes ...

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Why Governments Can Never Stop Crypto

Many people argue that cryptocurrencies will never be accepted as a valid form of money because governments can just pass laws to outlaw them.

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The most popular cryptocurrency is no longer Bitcoin

If you think it's Bitcoin, a cryptocurrency that accounts for about 70% of the world's digital assets, you're probably wrong. While specific trading volumes ...

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Bitcoin Trust Wins Go-Ahead in Canada After 3-Year Fight



Submitted October 30, 2019 at 04:30PM by ItalianAlaskan https://ift.tt/36j1cWG https://ift.tt/2Z7cX2s

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Aluminum Bitcoin signs For Sale roughly 24 x 24 out of 1/8 thick aluminum .01 BTC including shipping can ship anywhere in North America. beyond north america hit me up and we can figure out shipping

https://ift.tt/2BZfDkN

Submitted October 30, 2019 at 04:34PM by jimmypesto2121 https://ift.tt/34f4RTn https://ift.tt/2Z7cX2s

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Bakkt did over $30 million of volume last week

https://twitter.com/shakepay/status/1189648060248461312

Submitted October 30, 2019 at 04:01PM by 6maud https://ift.tt/2BZmeeQ https://ift.tt/2Z7cX2s

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Oracle selects first 20 startups for Chainlink blockchain project

On Monday, Oracle announced it had selected the initial cohort for a blockchain innovation project with Chainlink. The chosen 20 startups will use the ...

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How Bitcoin And Blockchain Technology Evolved | Avast

Blockchain, also referred to as distributed ledger technology, or DLT, is much more than just the mechanism behind Bitcoin and cryptocurrency ...

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TON

In this post, we will tell you about our adventures at the Telegram Open Network (TON) blockchain competition.

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The Key to Attracting More Blockchain Developers? It's the Computation, Stupid

To tackle blockchain's computational problem, engineers have sought to direct the bulk of the demand up the stack, to layer two solutions, and outside ...

from Google Alert - Blockchain https://ift.tt/2ptN9gb

Decentralized ICON is Now “Blockchain-Complete”

As ICON goes fully decentralized, the network is transforming into a “blockchain-complete” solution.

from Google Alert - Blockchain https://ift.tt/2Pyqc6s

Why I Joined the Blockchain Revolution at Cred

Cliff Edwards joins the blockchain revolution as Chief Marketing Officer at Cred. An award-winning journalist for The Associated Press, BusinessWeek ...

from Google Alert - Blockchain https://ift.tt/2WuWosx

BitcoinTV by Chico Crypto on YouTube

BITCOIN Critical Range Hit🎯 Next Move? Bounce or Dump?
Bitcoin is settling into a critical range, & is getting ready for another BIG move! Will it propel Bitcoin back into Bullish territory or will the Bears take over once again? The charts don’t lie, and previous indicators point to a major bounce or a major dump. Plus crypto news from around the space including: Tron, Tether, Binance, Ethereum DeFi, Chainlink, iExec RCL & More! 👌👌Subscribe to The Chico Channel--https://www.youtube.com/channel/UCHop-jpf-huVT1IYw79ymPw?sub_confirmation=1 📺Watch These Videos Again📺 Bitcoin Winter Is Coming! How Low Can It Go?? https://www.youtube.com/watch?v=mNn5-Q8sCxI&t=54s Bakkt Bad for Bitcoin? Their Connection To Donald Trump https://www.youtube.com/watch?v=grFtmLsyFqk China Isn’t The Reason For This Pump. Tether Is!!! https://www.youtube.com/watch?v=rEpS9M_1jkU&t=68s 🤫►► ► Chico Crypto Exclusive Links ◄◄◄🤫 🔥Join The Chat On Telegram 🔥 https://ift.tt/2QadgEi 👉🏻Follow Me On Twitter https://goo.gl/gmsDXa 👌👌Subscribe to The Chico Channel--https://www.youtube.com/channel/UCHop-jpf-huVT1IYw79ymPw?sub_confirmation=1 💥Buy A Ledger & Keep Your Crypto Safe💥 https://ift.tt/2SMkP1m 👍Download The Brave Browser $BAT & Support Crypto! https://ift.tt/2IyMkMa 💲 💲Want to buy your first crypto or Bitcoins? Sign up for Coinbase and get $10 in free Bitcoin https://ift.tt/2T3fxm7 👉Sign Up For Gate.io Exchange https://ift.tt/2ILoUky 📚 📚Educational links and crypto resources for starting in cryptocurrency Check the prices and stats of the most popular cryptocurrencies with Coinmarketcap https://ift.tt/1oKjfXP What is Bitcoin, altcoins, Ethereum and other cryptocurrencies https://ift.tt/2T6W5oH 🏺Cryptocurrency Donations: Support The Channel!!🏺 BTC: 3ArFPC5ik9tBy8ART6R2X59qiNXatw5EAG ETH: 0xF1d402C0175a9fa80dD770e82fa0BD50FDab0EbD BITCOIN CASH: 1DPJstcTeHzDbSd1aeeAnwUBNfJWFPNA #bitcoin #BIGMOVE #crypto #btc #cryptocurrency #altcoin #altcoins #bestcrypto #ethereum #chainlink #eth #chicocrypto #trx #blockchain #live The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research!


View on YouTube

Binance CEO Warns Countries Risk Being Left Behind As Global Race for Blockchain and Crypto ...

In a new Periscope video, Binance CEO Changpeng Zhao says the success of cryptocurrency is evident in the price of Bitcoin. But he believes ...

from #Bitcoinmovement https://ift.tt/2N4zrJX
via IFTTT

Why Governments Can Never Stop Crypto

Many people argue that cryptocurrencies will never be accepted as a valid form of money because governments can just pass laws to outlaw them.

from #Bitcoinmovement https://ift.tt/34ko1aL
via IFTTT

The most popular cryptocurrency is no longer Bitcoin

If you think it's Bitcoin, a cryptocurrency that accounts for about 70% of the world's digital assets, you're probably wrong. While specific trading volumes ...

from #Bitcoinmovement https://ift.tt/2JAxCCh
via IFTTT

Bitcoin Trust Wins Go-Ahead in Canada After 3-Year Fight



Submitted October 30, 2019 at 04:30PM by ItalianAlaskan https://ift.tt/36j1cWG https://ift.tt/2Z7cX2s

Aluminum Bitcoin signs For Sale roughly 24 x 24 out of 1/8 thick aluminum .01 BTC including shipping can ship anywhere in North America. beyond north america hit me up and we can figure out shipping

https://ift.tt/2BZfDkN

Submitted October 30, 2019 at 04:34PM by jimmypesto2121 https://ift.tt/34f4RTn https://ift.tt/2Z7cX2s

Bakkt did over $30 million of volume last week

https://twitter.com/shakepay/status/1189648060248461312

Submitted October 30, 2019 at 04:01PM by 6maud https://ift.tt/2BZmeeQ https://ift.tt/2Z7cX2s

Oracle selects first 20 startups for Chainlink blockchain project

On Monday, Oracle announced it had selected the initial cohort for a blockchain innovation project with Chainlink. The chosen 20 startups will use the ...

from Google Alert - Blockchain https://ift.tt/34fjxBX

How Bitcoin And Blockchain Technology Evolved | Avast

Blockchain, also referred to as distributed ledger technology, or DLT, is much more than just the mechanism behind Bitcoin and cryptocurrency ...

from Google Alert - Blockchain https://ift.tt/2BTIxCV

Tuesday, October 29, 2019

Show of votes who thinks a country will announce it is holding bitcoin as part of its national reserves by 2025.

No text found

Submitted October 29, 2019 at 04:51PM by Henrythe1st https://ift.tt/2NnoWAd https://ift.tt/2Z7cX2s

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Prepare For What is Coming! Be One Step Ahead Of Everyone

https://www.youtube.com/watch?v=MrqiYCOvoHs

Submitted October 29, 2019 at 02:20PM by InvestWise89 https://ift.tt/32Y4Fb4 https://ift.tt/2Z7cX2s

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Bitcoin Whales Are Selling BTC Before Market Crash: Peter Schiff

Bitcoin Whales Are Selling BTC Before Market Crash: Peter Schiff ... Peter Schiff, the CEO of Euro Pacific Capital, is not amused by Bitcoin's latest 40 ...

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Inventors of Blockchain Explain Project's Humble Beginnings, Sound Warnings About Its Future

While blockchain now is associated with a wide variety of applications from cryptocurrency to supply chain management to smart contracts, Stuart ...

from Google Alert - Blockchain https://ift.tt/2BXwkgc

Blockchain Protecting Telemedicine

The blockchain expert explains how, within a telemedicine programme, sensitive health data and other information of patients may land in the hands ...

from Google Alert - Blockchain https://ift.tt/32Ymner

Russia: Government Official Expects To Mine 20% Of The World's Bitcoin

A Bitcoin mining company owned by Russia's internet ombudsman is planning to open a new facility and corner 20% of the international market...

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Is bitcoin anonymous

The Best Anonymous Bitcoin Wallets. We are here to entertain you and offer interesting opportunities to win Bitcoin. Bitcoin can only be used as a ...

from Google Alert - Bitcoin https://ift.tt/2JyhXU2

Will Bitcoin price reach $10 million dollar as predicted?

Now that China has thrown its hat in the ring and going full steam ahead for blockchain technology – will this be the springboard for bitcoin price to ...

from Google Alert - Bitcoin https://ift.tt/2Wo2Z8g

Bitcoin Faces Resistance at $10000 as Mammoth Rally Loses Steam

Bitcoin Faces Resistance at $10,000 as Mammoth Rally Loses Steam. By ... As Bitcoin's monster rally over the past few days loses steam, technical ...

from Google Alert - Bitcoin https://ift.tt/332jGbS

Startup Aims to List Bitcoin Product on Frankfurt, Luxembourg Exchanges

A German startup is attempting to list a Bitcoin (BTC) derivative product on the Frankfurt and Luxembourg stock exchanges. According to German ...

from Google Alert - Bitcoin https://ift.tt/2pf9Qoz

Bitcoin could collapse or hit record highs with this 2020 event risk

(Kitco News) Bitcoin prices could either collapse or hit new all-time highs after the next bitcoin halving, scheduled for May of next year, according to ...

from Google Alert - Bitcoin https://ift.tt/2Jvvo74

China appeals for calm over Bitcoin 'endorsement'

Beijing has told Bitcoin enthusiasts throughout the world not to get carried away over China's apparent support for cryptocurrency. Bitcoin went into ...

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ChainWise Bitcoin & Blockchain Convention Comes to the Sharonville Convention Center

ChainWise Bitcoin & Blockchain Convention Comes to the Sharonville ... will play host to the ChainWise Bitcoin & Blockchain Convention on Nov.

from Google Alert - Bitcoin https://ift.tt/2BSv1iH

Bitcoin Hardware Company Canaan Creative Files For IPO

Chinese bitcoin hardware company Canaan Creative is aiming to raise $400 million in an initial public offering, according to paperwork filed with the ...

from Google Alert - Bitcoin https://ift.tt/2q1tRPq

An Upcoming Protocol Improvement Could Massively Improve Bitcoin Privacy

Bitcoin privacy has always been a confusing topic for newcomers to the space. On the one hand, the cryptocurrency is the money of choice for users of ...

from Google Alert - Bitcoin https://ift.tt/2WuVuwj

How China is using blockchain technology

Bitcoin's price shot up on Friday on the news that Chinese President Xi Jinping had issued a ringing endorsement of blockchain technology. But how ...

from Google Alert - Blockchain https://ift.tt/2BVSbF6

Artificial intelligence and blockchain converge in "world's first" AI-powered dapp

With a growing presence in consumer products and services, artificial intelligence and blockchain have become synonyms for innovation. But the two ...

from Google Alert - Blockchain https://ift.tt/2WnfKzQ

Daily Discussion - October 30, 2019 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.


Disclaimer:

Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.


Rules:

  • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
  • Discussion topics must be related to cryptocurrency.
  • Comments will be sorted by newest first.

To see prior Skeptics Discussions, click here.



Submitted October 29, 2019 at 07:09PM by AutoModerator https://ift.tt/2PtP1jR https://ift.tt/2Z7cX2s

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2NmU7Mb
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Show of votes who thinks a country will announce it is holding bitcoin as part of its national reserves by 2025.

No text found

Submitted October 29, 2019 at 04:51PM by Henrythe1st https://ift.tt/2NnoWAd https://ift.tt/2Z7cX2s

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2BUcenh
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Prepare For What is Coming! Be One Step Ahead Of Everyone

https://www.youtube.com/watch?v=MrqiYCOvoHs

Submitted October 29, 2019 at 02:20PM by InvestWise89 https://ift.tt/32Y4Fb4 https://ift.tt/2Z7cX2s

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/34bv4SR
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Daily Discussion - October 30, 2019 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.


Disclaimer:

Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.


Rules:

  • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
  • Discussion topics must be related to cryptocurrency.
  • Comments will be sorted by newest first.

To see prior Skeptics Discussions, click here.



Submitted October 29, 2019 at 07:09PM by AutoModerator https://ift.tt/2PtP1jR https://ift.tt/2Z7cX2s

Show of votes who thinks a country will announce it is holding bitcoin as part of its national reserves by 2025.

No text found

Submitted October 29, 2019 at 04:51PM by Henrythe1st https://ift.tt/2NnoWAd https://ift.tt/2Z7cX2s

Prepare For What is Coming! Be One Step Ahead Of Everyone

https://www.youtube.com/watch?v=MrqiYCOvoHs

Submitted October 29, 2019 at 02:20PM by InvestWise89 https://ift.tt/32Y4Fb4 https://ift.tt/2Z7cX2s

Monday, October 28, 2019

Karuschain Speaks on the Impact of Blockchain in Mining at the World Blockchain Summit Dubai

GIBRALTAR, Oct. 28, 2019 /PRNewswire/ -- The World Blockchain Summit is a global series of elite gatherings that take place in 10+ destinations ...

from Google Alert - Blockchain https://ift.tt/31QEqlr


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4 reasons blockchain is growing in healthcare

Although blockchain solutions are not a cure-all for healthcare, the technology does have potential. Below are four reasons blockchain continues to ...

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Leader of Brazilian Cryptocurrency Investment Scam has Arrest Warrant Upheld

A legal executive at a fraudulent Brazilian cryptocurrency investment platform has had appeals against the warrant for his arrest rejected. The ruling ...

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Why Central Banks Are Not Designed for Democracies

Why Central Banks Are Not Exactly Part of Democracies

Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks are almost never part of the due democratic process.

Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates

Bankers Oversee Bankers in the US

Modern democratic societies are in a crisis for various reasons, and one of them is that very few things depend on the will of the populace. When’s the last time anyone asked you if you agree to see your savings depleted due to low interest rates or has anyone ever acquired your permission to bail out bankrupted financial institutions with your money? These are actually some of the main reasons why decentralized cryptocurrencies allowing peer-to-peer transactions were invented.

On paper at least, there is a mechanism in representative democracies that supposedly takes into account your interests. You vote for a political representative who must consider your point of view in the decision-making process at the highest levels. But while you may have some success with elected officials and institutions, that’s almost impossible with central banks due to their independence.

Take the U.S. Federal Reserve, for example, arguably the most important of all central banks in a dollar-dominated world. The Fed was created by a group of bankers and politicians who drafted the plan for its establishment outside of Washington which was later approved by the Congress. The Federal Reserve System is a network of 12 regional Federal Reserve Banks which is governed by a board of seven members appointed by the U.S. president and confirmed by the Senate. But there’s a catch: the elected head of state can appoint only one member to the Board of Governors every two years with a 14-year term, while the 12 branches are effectively controlled by commercial banks.

Why Central Banks Are Not Designed for Democracies

Each regional reserve bank is in reality a corporation and every U.S. chartered bank is required to keep 6% of its capital with its regional reserve bank. For that it receives an amount of shares at a fixed price of $100 per share and these cannot be sold or traded. Their holders, commercial banks, control about two thirds of the voting power in the regional federal reserve banks’ boards. The bigger the bank, the larger its share in the regional Fed, which is supposed to oversee its activities and operations.

The Federal Reserve System was structured like this to ensure the central bank’s independence from Washington. But in a representative democracy, that also makes it independent from the electorate, from the taxpayers. The people are left with one option to have any influence over their central bank – to buy as many shares as possible of the largest commercial banks in their region. The Fed itself has been accused of exerting political influence and absorbing influence from Wall Street. Raising or cutting interest rates at the “right time” can tip the scales in an economy and affect the voters’ perception of its current state. The instruments the Federal Reserve has at its disposal can stimulate economic recovery or create a false impression of one by inflating bubbles, or even slow down an ongoing recovery. To use them it doesn’t need political capital, unlike an elected institution, and it won’t pay a political price at the next elections.

Informal Group Determines Banking Policies in the EU

If you thought the situation in Europe was radically different, you were wrong. The European Central Bank (ECB) is responsible for the monetary policy in the Eurozone and along with the central banks of the countries in the common currency area forms what’s known as the Eurosystem. But while the Frankfurt-based ECB is formally entrusted with serious regulatory powers, including the adjustment of key interest rates, many would be surprised to learn that its decisions are often dictated by an informal forum that has been heavily criticized for its non-transparency. In reality, political control over the euro and the Economic and Monetary Union of the EU is exercised by the Eurogroup.

Why Central Banks Are Not Designed for Democracies

The term Eurogroup refers to the meetings of the finance ministers of the Eurozone countries. It draws its legality from two short articles in Protocol 14 of the Consolidated Treaties of the European Union, added not too long ago with the Treaty of Lisbon. The first one starts with “The Ministers of the Member States whose currency is the euro shall meet informally.” They are to “discuss questions related to the specific responsibilities they share with regard to the single currency.” The discussions take place with the participation of the European Commission and the European Central Bank. But that’s not all. High-ranking officials from the International Monetary Fund, like its Managing Director Christine Lagarde and President-elect of the ECB, are sometimes invited to these meetings. In other words, the so called European troika, of which the IMF is also a member, is well represented.

The largely informal nature of the Eurogroup has attracted a serious amount of criticism within the European Union mainly for the absence of democratic oversight of its proceedings. Critics have pointed out that the Eurogroup does not publish minutes from its meetings and documents revealing its agenda. Some have spoken about the lack of accountability towards the European Parliament, which remains the only democratically elected EU institution, as well as the dominant position of the Troika and countries like Germany in the format. Participants in the meetings have indicated that the decisions taken by the Eurogroup are often simply rubber-stamped by the Economic and Financial Affairs Council (Ecofin), the group that gathers the economics and finance ministers of all 28 member states, before being directly implemented by the European Central Bank.

Do you think central banks should be more accountable to the citizens and the elected institutions of a country? Share your opinion on the subject in the comments section below.

Op-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.


Images courtesy of Shutterstock.


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Daily Discussion - October 29, 2019 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.


Disclaimer:

Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.


Rules:

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  • Discussion topics must be related to cryptocurrency.
  • Comments will be sorted by newest first.

To see prior Skeptics Discussions, click here.



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The Blockchain, Cryptocurrency and Bitcoin Accounting Basics

Cryptocurrency is a digital or virtual medium of exchange that exists online. Bitcoin is considered the first decentralized cryptocurrency.

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Audit guidance on cryptocurrencies

It was developed by auditors of six major audit firms with specific knowledge and experience in cryptocurrencies and distributed ledger technology.

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Why is Bitcoin Rising? Cryptocurrency Adoption in Canada

The awareness of Bitcoin is moving towards the mainstream, the Oxford English Dictionary recently added the word “Satoshi”, which is the smallest ...

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Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO

Canaan Creative, the Avalon bitcoin miner maker and one of the world's largest mining equipment manufacturers, has just formally filed another ...

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Chile: ATMs destroyed, shut down amid violent protests. Is a Bitcoin spike coming?

Week-long protests have erupted in violence in the streets of Chile, long considered a beacon of stability in an otherwise unstable region. And citizens ...

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Why Peter Thiel Doubled Down On Bitcoin

Some investors have not been put off by bitcoin's rollercoaster year, however, with billionaire PayPal cofounder Peter Thiel backing new ventures.

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The Blockchain, Cryptocurrency and Bitcoin Accounting Basics

Cryptocurrency is a digital or virtual medium of exchange that exists online. Bitcoin is considered the first decentralized cryptocurrency.

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Wallets in 2019

Where to store your hard-earned cryptocurrency? Check out the best Bitcoin wallets 2019: the safest and most functional solutions.

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3 Reasons Bitcoin Price May Hit $20000 by Year-End

Days after a depressing flash crash, Bitcoin had a mind-bending rally, snapping up a 42% gain. BTC moved up from $7,500, briefly touching $10,000.

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5 Plausible Reasons the Bitcoin Price Exploded on Friday

Just when the death cross was on the horizon, Bitcoin price suddenly exploded on Friday. Here are five possible reasons behind the surge.

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China Wants Communist Party Members To Pledge Loyalty on Blockchain

China's Communist Party (CPC) is taking its leader's support for blockchain to heart. From a report: Following Xi Jinping's bombshell speech last week ...

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The Blockchain, Cryptocurrency and Bitcoin Accounting Basics

Blockchain is a chain of digital pieces of information, stored in a distributed ledger. Cryptocurrency is a digital or virtual medium of exchange that exists ...

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AI and Blockchain Set to Boost HR Productivity

It's early days in the adoption of AI and blockchain in HR. See where the greatest potential lies, and learn 5 steps to selecting good use cases.

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It's a blockchain reaction for Asian stock exchanges

Blockchain is innovating Asian stock exchanges, but there is a genuine need for collaboration to ensure the end user benefits from its full potential.

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Karuschain Speaks on the Impact of Blockchain in Mining at the World Blockchain Summit Dubai

GIBRALTAR, Oct. 28, 2019 /PRNewswire/ -- The World Blockchain Summit is a global series of elite gatherings that take place in 10+ destinations ...

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4 reasons blockchain is growing in healthcare

Although blockchain solutions are not a cure-all for healthcare, the technology does have potential. Below are four reasons blockchain continues to ...

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The Blockchain, Cryptocurrency and Bitcoin Accounting Basics

Cryptocurrency is a digital or virtual medium of exchange that exists online. Bitcoin is considered the first decentralized cryptocurrency.

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Audit guidance on cryptocurrencies

It was developed by auditors of six major audit firms with specific knowledge and experience in cryptocurrencies and distributed ledger technology.

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Sunday, October 27, 2019

Anthony Pompliano: Superpowers Battling for Position As Bitcoin, Crypto and Blockchain ...

Morgan Creek Digital co-founder Anthony Pompliano says the world's governments are trying to figure out how to deal with the impact of the internet ...

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Recovered my 4 year old wallet

I am super stoked about this. A long time ago (2011-2015), on an old machine (an iMac), I used Armory. I was selling that old machine, so I swept my keys into an electrum wallet, and I replaced the hard drive that was in it knowing one day I would come back to it.

Well, a couple years after that, I had issues because I couldn't access the files from that hard drive without another mac (trust me, I tried. I password protected that hard drive so only booting it from a legit mac would grant me access to it). And, I lost my paper backup... Luckily, my friend had an old mac mini he let me borrow, and I sat on it for about another 2 years.

Today, I finally pulled my wallet off, and could not remember the password I put on the wallet. Thank god for the btcrecover tool, because that cracked my password in under a second (I remembered what it could of been, but not exactly. I would have not guessed what it actually was).

It's not a huge amount of bitcoin. But it was more than I remembered keeping (more than 1). Still face-palming though at some of my transactions. I had my armory wallet going back to 2012. Sooooo many bitcoins went through that wallet, mining on slush with my petty mac GPU. I had one of the first OG ASIC butterfly 60GH/s miners too. If only I had kept more, I could quit my day job now. Oh well.

But, I thought I'd share an antitheses to the old "I lost my old wallet. please help!!!" posts. Probably going to continue sitting on it for a few more years. And now that I've regained interest, I'm going to start running a full node again. To the moon!



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List Of Cryptocurrency Thefts

The complete list of all cryptocurrency exchanges, trading platforms and marketplaces to buy, sell and trade cryptocurrencies (Cryptocurrency ...

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Peter Schiff is WRONG About Asset-Backed Cryptocurrencies

Watch on 3Speak Peter Schiff recently posted a tweet talking about the value of cryptocurrencies backed by… by louisthomas.

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Cryptocurrencies

Three developments: 1. Congress is told that Libra is critical to US dominance of the blockchain space which is a breakthrough technology

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Cryptocurrencies Archives - Page 16 of 16

Browsing: Cryptocurrencies. Cryptocurrencies · Bitcoin's month of calm shows frenzy turning into apathy · Previous 1 … 14 15 16. Facebook · Twitter.

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Mastercard Blockchain to Bring Visibility to Food Systems

Mastercard is collaborating with Envisible to bring visibility to food that people eat every day through Mastercard's blockchain-based Provenance ...

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Blockchain search volumes skyrocketed in China following President Xi's remarks

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How Blockchain and Crypto Are Poised to Shift the Balance of Power

Ultimately, blockchain and cryptocurrencies look increasingly likely to bring about a shift in the balance and locus of power, moving it away from ...

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“Crypto Regulation is Inevitable,” Says Chairman of the State Bank of India

India's state bank seems to feel the need to do something about cryptocurrencies. For example, regulate it. The State Bank of India is sure the country ...

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Cryptocurrency in 2025: What Does the Future Hold for Digital Money?

Written by: Dmytro, who is a CEO and Founder of Pridicto, a web analytics startup. His work has been featured in various publications, including The ...

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Daily Discussion - October 28, 2019 (GMT+0)

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Disclaimer:

Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.


Rules:

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  • Discussion topics must be related to cryptocurrency.
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My store gets 50,000 visitors a month. Doing my part guys 🚀🌖

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Speaking to Arthur Vayloyan from Bitcoin Suisse

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Anthony Pompliano: Superpowers Battling for Position As Bitcoin, Crypto and Blockchain ...

Morgan Creek Digital co-founder Anthony Pompliano says the world's governments are trying to figure out how to deal with the impact of the internet ...

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How Blockchain and Crypto Are Poised to Shift the Balance of Power

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“Crypto Regulation is Inevitable,” Says Chairman of the State Bank of India

India's state bank seems to feel the need to do something about cryptocurrencies. For example, regulate it. The State Bank of India is sure the country ...

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Cryptocurrency in 2025: What Does the Future Hold for Digital Money?

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Daily Discussion - October 28, 2019 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.


Disclaimer:

Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.


Rules:

  • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
  • Discussion topics must be related to cryptocurrency.
  • Comments will be sorted by newest first.

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My store gets 50,000 visitors a month. Doing my part guys 🚀🌖

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Speaking to Arthur Vayloyan from Bitcoin Suisse

During the conference I had the absolute pleasure to chat with Arthur Vayloyan, CEO of Bitcoin Suisse. According to Wikipedia and Arthur himself, ...

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Anthony Pompliano: Superpowers Battling for Position As Bitcoin, Crypto and Blockchain ...

Morgan Creek Digital co-founder Anthony Pompliano says the world's governments are trying to figure out how to deal with the impact of the internet ...

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Saturday, October 26, 2019

Molecule Catalyst and UTM to crowdfund psychedelics research with blockchain

Molecule uses blockchain technology to provide an incentive-based market for scientific research. Through Molecule Catalyst, research groups will be ...

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Bitcoin yesterday in it's new smoother rde

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US Senator denounces misinformation about cryptocurrencies

On CNBC's Squawk Box, Republican Senator Mike Rounds spoke about the state of digital payments in the United States. He proposed that the lack ...

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Cryptocurrency Wallet With Potential To Earn 5%/month Passively!

If you Google on 'Bitcoin Halving', you'll understand that the amount of new bitcoin being created is limited, making existing Bitcoin more valuable.

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BITCOIN (BTC) blockch✂️ain FORKS

🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧 Bitcoin Cash:  Forked at Block 478558, 1 August 2017, For each 1 BTC you get 1 BCH Bytether:  Cross for...