Virtual Blockchain Week Is A Virus-Proof Crypto Conference

The agenda kicks off the evening of April 26 and features a full lineup of huge blockchain names giving presentations and participating in fireside chats ...

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PayPal blockchain evaluation to boost market?

In a recent job posting from PayPal, it is becoming clear that the PayPal blockchain shift is taking shape. The global payment processor leader is ...

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Is Bitcoin a cryptocurrency?

Bitcoin is a cryptocurrency, or a type of digital currency that can be securely exchanged over internet platforms. Bitcoin is used by nearly 25 million ...

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Covid-19 is Changing the Relationship Between Bitcoin Price and Bitcoin Spending

Bitcoin, along with the stock market and other traditional asset classes, saw its value plummet the week of March 9 as the Covid-19 pandemic ...

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Money Printer Go Brrrrr: Bitcoin's solution to the Federal Reserve.

Bitcoin is a virtual currency created in 2008. What makes Bitcoin unique is that it is the first scarce digital asset without a centralized owner. The bitcoins ...

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Ripple Poised to Triple By Q4 2020 After XRP Forms Classic Bottom

The number three crypto asset by market cap is often accused of being less decentralized that competition cryptocurrencies like Bitcoin and Ethereum, ...

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Bitcoin, Ethereum & Litecoin - American Wrap: 3/31/20

Bitcoin price is trading in positive territory, up 1.00% in the second half of the session. The price is pushing for another big retest of a breached bearish ...

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BANANO Highlights: Celebrating 2 Years of Uniquely Free & Fair Crypto Distribution

https://ift.tt/3dKC4Mc

Submitted March 31, 2020 at 06:09PM by howtobanano https://ift.tt/2UwUJn1 https://ift.tt/2Z7cX2s

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Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon

Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts, quantitative easing (QE), and buying mortgage-backed securities, analysts believe the Fed could start purchasing stocks in order to quell the economy.

Also read: US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say

The Fed Is Deploying More Than Just a Monetary Policy Bazooka, It’s Unleashing the Whole Arsenal

On Tuesday, the U.S. Federal Reserve threw another tool into the financial system by announcing an international repo option in order to curb investors from panic-selling Treasuries. Since the covid-19 outbreak started spreading rapidly throughout the nation, the economy has been hit hard by numerous industry shutdowns across the U.S. After closing borders and shutting down major U.S. industries, the Fed has tried to save the American economy by using a variety of monetary schemes. The Fed has introduced rate cuts, quantitative easing (QE), foreign currency swap lines, discount windows, a Commercial Paper Funding Facility (CPFF), a Term Asset-Backed Securities Loan Facility (TALF), and a Secondary Market Corporate Credit Facility (SMCCF). The aforementioned list just scratches the surface when it comes to the newly introduced schemes the Fed has initiated since the covid-19 outbreak.

Fed Chair Jerome Powell and the bank’s board of directors have unleashed the big guns citing the covid-19 outbreak as the primary reason to throw unlimited amounts of money at private banks. The Federal Reserve said on March 26 that the central bank recognizes that small financial institutions may need additional time to submit “certain regulatory reports in light of staffing priorities and disruptions caused by the Coronavirus Disease 2019 (covid-19).” In order to give Wall Street some leniency, the Fed “will not take action against a financial institution with $5 billion or less in total assets for submitting its March 31, 2020.”

The Fed also invoked a Money Market Mutual Fund Liquidity Facility (MMFLF) and bought $185 billion in mortgage-backed securities. However, all these moves have not helped stock and commodity markets and the mortgage-backed securities purchase threatened the U.S. real estate market. After the Fed bought the mortgage securities it caused a massive margin call and put hundreds of lenders at risk and without capital.

To those of you wondering what the US stock market will do on any given day, just remember, the Fed has unlimited purchasing power to buy it all up. They have 100 percent full control over stocks and they will do whatever they please with it. Goodbye price discovery. The end.

— Heidi (@blockchainchick) March 26, 2020

Despite the adverse effects on the housing market, the Fed is still attempting to insulate the American economy with the central bank’s parlor tricks. The Fed’s new international repo is an unprecedented move by the central bank, as it will provide foreign central banks with the ability to get USD in exchange for U.S. Treasuries. In addition to the international repo, the Fed also revealed it established a temporary FIMA Repo Facility (FRF) to “help support the smooth functioning of financial markets.”

Fed has printed trillion of $ to do what?

To purchase financial assets

-They already are largest holders of real estate in the world
-Have already pushed the short term yields into negative
-They will soon buy out stocks

Don't fall for dead cat bounce#Buyeroflastresort

— Vinay Jaiswal (@vinayjazzi) March 31, 2020

The Fed’s Next Step Could Be Purchasing Large Quantities of Stocks

Now economists and investors think the Fed’s next move will see the central bank purchasing stocks. Because the American economy is in turmoil, market analysts say that the Fed will likely use this approach soon to bolster the financial system. “If there were any major dislocations, it is clear that they will go into whatever nook and cranny in the market that starts to choke,” chief market strategist at Prudential Financial, Quincy Krosby, told the media on Sunday. The Prudential executive further stated:

We know that when you have choking in one part of the market, you have choking in another part of the market that leads to dislocation. As soon as you cross that line, you are now facing something else that you could conceivably buy.

Members of the Federal Reserve and the Shadow Open Market Committee have already discussed the possibility of the Fed buying stocks to help the economy. Boston Fed President Eric Rosengren told the committee on March 6 that he thinks the U.S. should “allow the central bank to purchase a broader range of securities or assets.”

The Perfect Storm for Digital Assets Like Bitcoin

Cryptocurrency participants believe that the current economy is the “perfect storm” for censorship-resistant and a mathematically probable financial system. Bitcoin has a lot of benefits to a society that has been having significant problems doing what they want with their own money. In the last six months alone, news.Bitcoin.com has reported on governments and banks in countries like the U.S., Egypt, Lebanon, India, and Germany limiting cash withdrawals. Cryptocurrencies like bitcoin have better properties than gold during an economic crisis, as analysts have questioned gold’s alleged ‘safe-haven’ status since the 2007-2008 financial catastrophe. It’s a well known that central banks oversaturated bullion markets during those years by using bullion-bank repos just like they do with Treasuries today.

Cryptocurrency markets did decline with everything else under the sun on March 12th, otherwise known as ‘Black Thursday.’ The decline has made people assume that BTC and other digital assets have a strong correlation with stocks and equities right now. However, historical data shows digital asset markets have always been non-correlated with stocks, commodities, and equities. A higher correlation during a black swan event (covid-19) doesn’t equate to both markets being tethered together whenever economic environments change.

As the Fed and central banks worldwide pull out every tool they have in the monetary policy toolbox, bitcoiners understand that digital assets cannot be manipulated as easily as fiat currency, property investments, precious metals, and the stock markets. If you have never read or heard about the positive benefits and economic freedom bitcoin can provide, get started today with some of our educational resources.

What do you think about the Fed possibly buying stocks next? Let us know what you think in the comments below.

 

The post Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon appeared first on Bitcoin News.

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International Medical Corps Now Accepting BTC for COVID19 Response

https://ift.tt/33YnrAx

Submitted March 31, 2020 at 04:28PM by Alex-S-Wilson https://ift.tt/2V4p63x https://ift.tt/2Z7cX2s

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12 Blockchain Pilots In Insurance Aim At Operational Efficiency, Automation, & Customer Experience

Here are 12 ways insurers are leveraging blockchain tech including smart contracts, back-office help, and insurer-to-insurer payments.

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Bagels & Blockchain: How Blockchain Technology is Transforming the Healthcare Industry

This next episode will feature an enlightening discussion with Paige Krieger, Digital Engagement Program Manager - Blockchain Platform at IBM. With ...

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

Virtual Blockchain Week Is A Virus-Proof Crypto Conference

The agenda kicks off the evening of April 26 and features a full lineup of huge blockchain names giving presentations and participating in fireside chats ...

from Google Alert - Blockchain https://ift.tt/2R0t0cl

PayPal blockchain evaluation to boost market?

In a recent job posting from PayPal, it is becoming clear that the PayPal blockchain shift is taking shape. The global payment processor leader is ...

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

Is Bitcoin a cryptocurrency?

Bitcoin is a cryptocurrency, or a type of digital currency that can be securely exchanged over internet platforms. Bitcoin is used by nearly 25 million ...

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

Covid-19 is Changing the Relationship Between Bitcoin Price and Bitcoin Spending

Bitcoin, along with the stock market and other traditional asset classes, saw its value plummet the week of March 9 as the Covid-19 pandemic ...

from Google Alert - Bitcoin https://ift.tt/2JqHX3j

Money Printer Go Brrrrr: Bitcoin's solution to the Federal Reserve.

Bitcoin is a virtual currency created in 2008. What makes Bitcoin unique is that it is the first scarce digital asset without a centralized owner. The bitcoins ...

from Google Alert - Bitcoin https://ift.tt/2R39T1n

Ripple Poised to Triple By Q4 2020 After XRP Forms Classic Bottom

The number three crypto asset by market cap is often accused of being less decentralized that competition cryptocurrencies like Bitcoin and Ethereum, ...

from Google Alert - Bitcoin https://ift.tt/39yGS47

Bitcoin, Ethereum & Litecoin - American Wrap: 3/31/20

Bitcoin price is trading in positive territory, up 1.00% in the second half of the session. The price is pushing for another big retest of a breached bearish ...

from Google Alert - Bitcoin https://ift.tt/3bE8num

BANANO Highlights: Celebrating 2 Years of Uniquely Free & Fair Crypto Distribution

https://ift.tt/3dKC4Mc

Submitted March 31, 2020 at 06:09PM by howtobanano https://ift.tt/2UwUJn1 https://ift.tt/2Z7cX2s

Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon

Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts, quantitative easing (QE), and buying mortgage-backed securities, analysts believe the Fed could start purchasing stocks in order to quell the economy.

Also read: US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say

The Fed Is Deploying More Than Just a Monetary Policy Bazooka, It’s Unleashing the Whole Arsenal

On Tuesday, the U.S. Federal Reserve threw another tool into the financial system by announcing an international repo option in order to curb investors from panic-selling Treasuries. Since the covid-19 outbreak started spreading rapidly throughout the nation, the economy has been hit hard by numerous industry shutdowns across the U.S. After closing borders and shutting down major U.S. industries, the Fed has tried to save the American economy by using a variety of monetary schemes. The Fed has introduced rate cuts, quantitative easing (QE), foreign currency swap lines, discount windows, a Commercial Paper Funding Facility (CPFF), a Term Asset-Backed Securities Loan Facility (TALF), and a Secondary Market Corporate Credit Facility (SMCCF). The aforementioned list just scratches the surface when it comes to the newly introduced schemes the Fed has initiated since the covid-19 outbreak.

Fed Chair Jerome Powell and the bank’s board of directors have unleashed the big guns citing the covid-19 outbreak as the primary reason to throw unlimited amounts of money at private banks. The Federal Reserve said on March 26 that the central bank recognizes that small financial institutions may need additional time to submit “certain regulatory reports in light of staffing priorities and disruptions caused by the Coronavirus Disease 2019 (covid-19).” In order to give Wall Street some leniency, the Fed “will not take action against a financial institution with $5 billion or less in total assets for submitting its March 31, 2020.”

The Fed also invoked a Money Market Mutual Fund Liquidity Facility (MMFLF) and bought $185 billion in mortgage-backed securities. However, all these moves have not helped stock and commodity markets and the mortgage-backed securities purchase threatened the U.S. real estate market. After the Fed bought the mortgage securities it caused a massive margin call and put hundreds of lenders at risk and without capital.

To those of you wondering what the US stock market will do on any given day, just remember, the Fed has unlimited purchasing power to buy it all up. They have 100 percent full control over stocks and they will do whatever they please with it. Goodbye price discovery. The end.

— Heidi (@blockchainchick) March 26, 2020

Despite the adverse effects on the housing market, the Fed is still attempting to insulate the American economy with the central bank’s parlor tricks. The Fed’s new international repo is an unprecedented move by the central bank, as it will provide foreign central banks with the ability to get USD in exchange for U.S. Treasuries. In addition to the international repo, the Fed also revealed it established a temporary FIMA Repo Facility (FRF) to “help support the smooth functioning of financial markets.”

Fed has printed trillion of $ to do what?

To purchase financial assets

-They already are largest holders of real estate in the world
-Have already pushed the short term yields into negative
-They will soon buy out stocks

Don't fall for dead cat bounce#Buyeroflastresort

— Vinay Jaiswal (@vinayjazzi) March 31, 2020

The Fed’s Next Step Could Be Purchasing Large Quantities of Stocks

Now economists and investors think the Fed’s next move will see the central bank purchasing stocks. Because the American economy is in turmoil, market analysts say that the Fed will likely use this approach soon to bolster the financial system. “If there were any major dislocations, it is clear that they will go into whatever nook and cranny in the market that starts to choke,” chief market strategist at Prudential Financial, Quincy Krosby, told the media on Sunday. The Prudential executive further stated:

We know that when you have choking in one part of the market, you have choking in another part of the market that leads to dislocation. As soon as you cross that line, you are now facing something else that you could conceivably buy.

Members of the Federal Reserve and the Shadow Open Market Committee have already discussed the possibility of the Fed buying stocks to help the economy. Boston Fed President Eric Rosengren told the committee on March 6 that he thinks the U.S. should “allow the central bank to purchase a broader range of securities or assets.”

The Perfect Storm for Digital Assets Like Bitcoin

Cryptocurrency participants believe that the current economy is the “perfect storm” for censorship-resistant and a mathematically probable financial system. Bitcoin has a lot of benefits to a society that has been having significant problems doing what they want with their own money. In the last six months alone, news.Bitcoin.com has reported on governments and banks in countries like the U.S., Egypt, Lebanon, India, and Germany limiting cash withdrawals. Cryptocurrencies like bitcoin have better properties than gold during an economic crisis, as analysts have questioned gold’s alleged ‘safe-haven’ status since the 2007-2008 financial catastrophe. It’s a well known that central banks oversaturated bullion markets during those years by using bullion-bank repos just like they do with Treasuries today.

Cryptocurrency markets did decline with everything else under the sun on March 12th, otherwise known as ‘Black Thursday.’ The decline has made people assume that BTC and other digital assets have a strong correlation with stocks and equities right now. However, historical data shows digital asset markets have always been non-correlated with stocks, commodities, and equities. A higher correlation during a black swan event (covid-19) doesn’t equate to both markets being tethered together whenever economic environments change.

As the Fed and central banks worldwide pull out every tool they have in the monetary policy toolbox, bitcoiners understand that digital assets cannot be manipulated as easily as fiat currency, property investments, precious metals, and the stock markets. If you have never read or heard about the positive benefits and economic freedom bitcoin can provide, get started today with some of our educational resources.

What do you think about the Fed possibly buying stocks next? Let us know what you think in the comments below.

 

The post Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon appeared first on Bitcoin News.

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International Medical Corps Now Accepting BTC for COVID19 Response

https://ift.tt/33YnrAx

Submitted March 31, 2020 at 04:28PM by Alex-S-Wilson https://ift.tt/2V4p63x https://ift.tt/2Z7cX2s

12 Blockchain Pilots In Insurance Aim At Operational Efficiency, Automation, & Customer Experience

Here are 12 ways insurers are leveraging blockchain tech including smart contracts, back-office help, and insurer-to-insurer payments.

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Donald Trump "Advertised" Bitcoin With Fed Creating $6 Trillion

On March 27 press conference, Donald Trump ironically supported Bitcoin (BTC) by expressing his enthusiasm about manipulating the dollar.

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Bitcoin Is a Safe Haven For Turmoils Stronger Than This

Bitcoin (BTC) was created for various purposes, but one of the most important was to act as a safe-haven asset during financial crises.

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How Bitcoin Casino Works

What are the best Bitcoin casinos in 2020? How do they work? A guide about casino bonuses, deposits, bets, withdrawals, and more.

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Discussion of the Day: Icon ICX

-Today's Crypto of the Day is Icon ICX, and it's current price is $0.2071.

-Initially, since my first crypto of the day post on 2/18/20, I waited to post specific information on each project until people made posts. I waited to help prevent bias. Based on feedback, I now post information early to show I am not going for low effort posts, and actually trying to facilitate qualify discussions. Please feel free to search for my other posts, to see the information I and others have added.

-So far, I have featured all 20 crypto from Coinbase, 26 from Coinbase Pro, and 5 from Gemini. I now plan to finish the remaining ones on Binance US, Kraken, and others. Just because I feature a project does not mean I like it. I feel discussion on bad projects are just as important as the good ones. It is useful to hear pros and cons about every project, even if you are simply playing devils advocate.

-These posts are not meant to be financial advice, but instead to be an educational discussion. Everyone is responsible for doing their own research. For each project, I am interested in learning if you have any investment in it, and if so, about what percentage of your portfolio does it carry. Most importantly, what should we all know; good, bad, and indifferent, about this project?

-My challenge to each of you is to learn and post about projects you do not currently hold. It is easy for anyone to shill a coin they are trying to make a profit on, or to simply downvote and troll something they do not. As a community, let's all try to encourage intellectual discussion on any and all projects out there. We can all learn a lot from each other if we try...

Submitted March 30, 2020 at 06:54PM by joenorwood77 https://ift.tt/2URMWPC https://ift.tt/2Z7cX2s

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China's Digitization Endeavors Continue: National Blockchain Platform to Go Live in April

In this piece, we take a look at Blockchain Service Network, China's national blockchain platform for businesses and individuals to launch this April.

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blockchain meetup

blockchain meetup is on Meetup Pro with more than 1159 members across 4 Meetups worldwide. Meetup Pro is the professional tool for organizing ...

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Explain to me how a world on crypto would be better in our current situation.

I'm a huge advocate for crypto and have always defended it when discussing with other people.

I am struggling to find an answer to the question on why a world using crypto would be better than the current cash system we are using today to handle the pandemic.

For example Aus has just announced a 130b package to support workers who have lost their jobs. I'm assuming they are printing money daily to handle this crisis. Also America's plan to inject trillions into the economy.

Can someone smarter than me explain how this situation would have been handled with crypto or why crypto would be the better choice.

Thanks heaps for the replies!

Submitted March 30, 2020 at 08:02PM by Ownejj https://ift.tt/2QWXdJ4 https://ift.tt/2Z7cX2s

BitcoinTV: by BTC Sessions on YouTube

Capital Controls vs Bitcoin’s Freedom | BTC Recovery WITHOUT Stimulus | Coinjoin Day Approaches
SUPPORT THE SHOW: Visit LEDN to check out getting a bitcoin-backed loan https://ift.tt/2RIiNAw Paxful online Bitcoin marketplace: http://bit.ly/2HYQnOG Paxful Tutorial: https://www.youtube.com/watch?v=QyKJvjzLmag Built With Bitcoin: https://ift.tt/2O31323 Get Wasabi wallet and enjoy your privacy https://ift.tt/2tzrnGs Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Get NORDVPN to protect your online privacy. 75% off a 3 year https://ift.tt/2xfy5TL Check out my website for private bookings: http://btcsessions.ca/ Looking for an audio-only version of the show? https://ift.tt/2syvCoW Join my Telegram channel! https://ift.tt/2RIiOEA If you value my work and would like to send me a tip, they are always appreciated! LIGHTNING tips: https://ift.tt/2DZUzvb SHOW RESOURCES: Egypt enacts capital controls to avoid bank runs https://ift.tt/2yl7jxc US Unemployment could reach as high as 32% or 47 million people https://ift.tt/3apGJ45 Fed tries to fix economy buying mortgage backed securities, ends up triggering margin calls by those companies hedging https://ift.tt/2yjg5f7 Bitcoin has rallied 80% since its bottom – all WITHOUT a stimulus package https://ift.tt/2QROyrm Bitcoin core now available on the dark web via Tor browser https://ift.tt/2ymXfE1 Swan Bitcoin’s “presidential” promo video https://twitter.com/SwanBitcoin/status/1244695336104251392 Coinjoin Day is coming on April 5th! Start learning so you can partake! Wasabi Tutorial https://www.youtube.com/watch?v=ECQHAzSckK0 Samourai Wallet https://ift.tt/2qpkN2p

View on YouTube

Andrew Yang: US Has to Fix Its 'Hodgepodge' Crypto Regulation

"The underlying expertise of cryptocurrencies may be very, very excessive potential and we ought to be investing in it," Yang continued. "We want to ...

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OKCoin Gets License to Offer Its Services in Japan

Their cryptocurrency exchange services are part of a bigger effort to encourage the adoption of cryptocurrencies. OK Group is also into the development ...

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The United States Is Shooting Itself In The Foot With Blockchain

taskmaster4450 (78) in #blockchain • in 16 hours. For the last couple years, companies have complained that a lack of regulatory clarity is causing the ...

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Daily Discussion - March 31, 2020 (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 March 30, 2020 at 07:11PM by AutoModerator https://ift.tt/2WQKpIe https://ift.tt/2Z7cX2s

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Buy Bitcoin At Vons

Coinme and Coinstar have partnered together to build the largest Bitcoin Kiosk network in the US. Buying bitcoin has never been faster, easier, ...

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Donald Trump "Advertised" Bitcoin With Fed Creating $6 Trillion

On March 27 press conference, Donald Trump ironically supported Bitcoin (BTC) by expressing his enthusiasm about manipulating the dollar.

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

bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

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Bitcoin Is a Safe Haven For Turmoils Stronger Than This

Bitcoin (BTC) was created for various purposes, but one of the most important was to act as a safe-haven asset during financial crises.

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bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

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How Bitcoin Casino Works

What are the best Bitcoin casinos in 2020? How do they work? A guide about casino bonuses, deposits, bets, withdrawals, and more.

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Discussion of the Day: Icon ICX

-Today's Crypto of the Day is Icon ICX, and it's current price is $0.2071.

-Initially, since my first crypto of the day post on 2/18/20, I waited to post specific information on each project until people made posts. I waited to help prevent bias. Based on feedback, I now post information early to show I am not going for low effort posts, and actually trying to facilitate qualify discussions. Please feel free to search for my other posts, to see the information I and others have added.

-So far, I have featured all 20 crypto from Coinbase, 26 from Coinbase Pro, and 5 from Gemini. I now plan to finish the remaining ones on Binance US, Kraken, and others. Just because I feature a project does not mean I like it. I feel discussion on bad projects are just as important as the good ones. It is useful to hear pros and cons about every project, even if you are simply playing devils advocate.

-These posts are not meant to be financial advice, but instead to be an educational discussion. Everyone is responsible for doing their own research. For each project, I am interested in learning if you have any investment in it, and if so, about what percentage of your portfolio does it carry. Most importantly, what should we all know; good, bad, and indifferent, about this project?

-My challenge to each of you is to learn and post about projects you do not currently hold. It is easy for anyone to shill a coin they are trying to make a profit on, or to simply downvote and troll something they do not. As a community, let's all try to encourage intellectual discussion on any and all projects out there. We can all learn a lot from each other if we try...

Submitted March 30, 2020 at 06:54PM by joenorwood77 https://ift.tt/2URMWPC https://ift.tt/2Z7cX2s

The United States Is Shooting Itself In The Foot With Blockchain

taskmaster4450 (78) in #blockchain • in 16 hours. For the last couple years, companies have complained that a lack of regulatory clarity is causing the ...

from Google Alert - Blockchain https://ift.tt/3dFqaTR

Daily Discussion - March 31, 2020 (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 March 30, 2020 at 07:11PM by AutoModerator https://ift.tt/2WQKpIe https://ift.tt/2Z7cX2s

Buy Bitcoin At Vons

Coinme and Coinstar have partnered together to build the largest Bitcoin Kiosk network in the US. Buying bitcoin has never been faster, easier, ...

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Donald Trump "Advertised" Bitcoin With Fed Creating $6 Trillion

On March 27 press conference, Donald Trump ironically supported Bitcoin (BTC) by expressing his enthusiasm about manipulating the dollar.

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Bitcoin Is a Safe Haven For Turmoils Stronger Than This

Bitcoin (BTC) was created for various purposes, but one of the most important was to act as a safe-haven asset during financial crises.

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How Bitcoin Casino Works

What are the best Bitcoin casinos in 2020? How do they work? A guide about casino bonuses, deposits, bets, withdrawals, and more.

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First Game Built on Tezos Blockchain Preparing for Alpha Launch

While other blockchain-based card games reserve the right to alter an overpowered card's stats or supply, Coase will nerf overpowered cards by ...

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

bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

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7 movies of Bitcoin to see in quarantine

But, we must not let the situation overcome you, and now you can use your time to see these 7 interesting films about Bitcoin, and the cryptocurrencies.

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3.0 DataViz Step-by Step

As of March 2018, there are 1,658 cryptocurrencies in existence. The total cryptocurrency market capitalization is just under $369 billion. With the help ...

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Wallet for All Cryptocurrencies

Whether you are a beginner or an expert trader, a wallet for all cryptocurrencies is essential to those who want to take a plunge into the cryptocurrency ...

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How does the coronavirus epidemic affect blockchain and cryptocurrencies?

After traditional assets (mainly oil), the Bitcoin exchange rate immediately dropped, causing altcoins. Although the cryptocurrency market has partially ...

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Almost 2 years since accepting Bitcoin as a cryptocurrency for Tong Jerky's online sales

https://ift.tt/2x4KRb4

Submitted March 29, 2020 at 03:01PM by xxthey https://ift.tt/2xuK17A https://ift.tt/2Z7cX2s

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A latino-american on side of road selling Easter Baskets for Satoshi on Lighting Network; progress.

https://ift.tt/2WPgArv

Submitted March 29, 2020 at 05:46PM by bitcointwitter https://ift.tt/3dC470c https://ift.tt/2Z7cX2s

bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

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HTC and Hon Hai are in the top 50 of Forbes' blockchain companies

HTC Exodus 1 – the blockchain smartphone. Blockchain technology was originally developed for transactions of the digital currency Bitcoin. Today, ...

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bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

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This Guy Knew The Shit's About To Hit The Fan In World Financial Markets

https://ift.tt/2ya1ylJ

Submitted March 29, 2020 at 03:31PM by set-271 https://ift.tt/33UTWzg https://ift.tt/2Z7cX2s

bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

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Raoul Pal Makes His Bitcoin Price Prediction | Is More Than You Think!

https://www.youtube.com/watch?v=Bn8pBjQvZN4

Submitted March 29, 2020 at 07:08PM by fitnesssova https://ift.tt/2UpjjGu https://ift.tt/2Z7cX2s

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Daily Discussion - March 30, 2020 (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 March 29, 2020 at 07:15PM by AutoModerator https://ift.tt/3byeNv0 https://ift.tt/2Z7cX2s

bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

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US Food Inspectors to Test IBM Blockchain for Export Certifications

IBM is constructing a blockchain proof-of-concept for the Food Security and Inspection Service (FSIS), the meals security hawk inside the U.S. Division ...

from Google Alert - Blockchain https://ift.tt/2WSxLs1

First Game Built on Tezos Blockchain Preparing for Alpha Launch

While other blockchain-based card games reserve the right to alter an overpowered card's stats or supply, Coase will nerf overpowered cards by ...

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

7 movies of Bitcoin to see in quarantine

But, we must not let the situation overcome you, and now you can use your time to see these 7 interesting films about Bitcoin, and the cryptocurrencies.

from #Bitcoinmovement https://ift.tt/2QTgZWb
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3.0 DataViz Step-by Step

As of March 2018, there are 1,658 cryptocurrencies in existence. The total cryptocurrency market capitalization is just under $369 billion. With the help ...

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Wallet for All Cryptocurrencies

Whether you are a beginner or an expert trader, a wallet for all cryptocurrencies is essential to those who want to take a plunge into the cryptocurrency ...

from #Bitcoinmovement https://ift.tt/39wHB5v
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How does the coronavirus epidemic affect blockchain and cryptocurrencies?

After traditional assets (mainly oil), the Bitcoin exchange rate immediately dropped, causing altcoins. Although the cryptocurrency market has partially ...

from #Bitcoinmovement https://ift.tt/2JqHU7n
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Almost 2 years since accepting Bitcoin as a cryptocurrency for Tong Jerky's online sales

https://ift.tt/2x4KRb4

Submitted March 29, 2020 at 03:01PM by xxthey https://ift.tt/2xuK17A https://ift.tt/2Z7cX2s

A latino-american on side of road selling Easter Baskets for Satoshi on Lighting Network; progress.

https://ift.tt/2WPgArv

Submitted March 29, 2020 at 05:46PM by bitcointwitter https://ift.tt/3dC470c https://ift.tt/2Z7cX2s

HTC and Hon Hai are in the top 50 of Forbes' blockchain companies

HTC Exodus 1 – the blockchain smartphone. Blockchain technology was originally developed for transactions of the digital currency Bitcoin. Today, ...

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

This Guy Knew The Shit's About To Hit The Fan In World Financial Markets

https://ift.tt/2ya1ylJ

Submitted March 29, 2020 at 03:31PM by set-271 https://ift.tt/33UTWzg https://ift.tt/2Z7cX2s

Raoul Pal Makes His Bitcoin Price Prediction | Is More Than You Think!

https://www.youtube.com/watch?v=Bn8pBjQvZN4

Submitted March 29, 2020 at 07:08PM by fitnesssova https://ift.tt/2UpjjGu https://ift.tt/2Z7cX2s

Daily Discussion - March 30, 2020 (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 March 29, 2020 at 07:15PM by AutoModerator https://ift.tt/3byeNv0 https://ift.tt/2Z7cX2s

Will China Launch its Blockchain Service Network Amid the COVID-19 Pandemic?

Numerous cryptocurrency media outlets have published recent reports asserting that China's Blockchain Service Network will launch in April 2020.

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Will China Launch its Blockchain Service Network Amid the COVID-19 Pandemic?

China's Blockchain Service Network commences testing in October 2019. On October 15, 2019, Chinese state-operated media outlet, Xinhua news, ...

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

How is a transaction permanently accepted by the blockchain? - Quora

Transactions are accepted into blocks. Blocks are linked to the previous block creating a chain of blocks, aka a blockchain. Block are also hard to ...

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Interest in Blockchain Business Continues to Increase

Despite this, the interest and employment rate for cryptocurrency and blockchain-oriented jobs continues to increase without decreasing. The US has ...

from Google Alert - Blockchain https://ift.tt/3aCJuPP

Ethereum (ETH) On Bringing Down Blockchain Transaction Times

Ethereum (ETH) On Bringing Down Blockchain Transaction Times. By Maheen Hernandez March 28, 2020 Off. ethereum ETH Blockchain Transaction ...

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Community-led fork of Steemit is outperforming its predecessor

Tokens of Hive outperform parent blockchain, Steem. Image: Shutterstock.

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400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020

San Francisco-based exchange Kraken conducted a poll that stems from the responses of 400 “VIP” cryptocurrency traders. Despite the current economic climate, surveyed participants indicate they still believe the cryptoconomy is in a “bull market.” Moreover, Kraken’s survey respondents think BTC prices will touch a new all-time high at $22,866 per coin.

Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It

400 VIP Kraken Traders Are Still Bullish – Survey Respondents Expect BTC’s Price to Touch $22K in 2020

On March 27, Kraken published a survey called the “2020 Sentiment Survey: Where We Are & What’s To Come.” The poll was conducted with 400 “VIP” traders and 41% said they were “investors,” 40% noted they were “traders” and 15% said they were “institutions.” A small percentage of the respondents were payment firms, crypto exchanges, and miners.

“Kraken Intelligence, our team of in-house research experts, surveyed 400 clients from around the world this January to gauge their sentiments and expectations for crypto in 2020,” explains the VIP client letter sent on Friday.

According to the report, 44% of participants think the cryptoconomy is still in the midst of a “bull market.” Roughly 34% of those surveyed said they were “unsure” at the moment. Further, 22% of the Kraken survey respondents think that the cryptoconomy is facing at “bear market” right now.

Interestingly, surveyed individuals and organizations envision BTC touching a new all-time high (ATH) in 2020. The survey notes that respondents expect the price of BTC to jump to $22,866 per coin at some point during the year. The VIP traders also predict that the price of ETH will reach $810, but ether will not surpass it’s ATH in 2020.

‘Despite Uncertain Times, the Crypto Industry Remains Optimistic’

The respondents also indicated that some of them manage massive amounts of funds as 84% of participants said they manage less than $10 million. But 11% of surveyed individuals disclosed that they manage around $10 million and $50 million according to Kraken’s statistics.

6% said they managed funds between $50 million to $100 million. “Nearly 50% of respondents anticipate that the U.S. SEC will approve a bitcoin ETF this year,” Kraken’s blog post stresses. “Tether (USDT) was the overwhelming favorite (60.4%) among stablecoin users,” the report also notes. Kraken’s report adds:

Despite these uncertain times, it is clear from the survey that the crypto industry still has many advances and catalysts to be optimistic about.

What do you think about Kraken’s recent survey? Let us know in the comments below.

 

The post 400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020 appeared first on Bitcoin News.

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Global FinTech Blockchain Market 2025| By Top Key Companies AWS, Microsoft, IBM, Ripple ...

The FinTech Blockchain Market report provides in-depth analysis and insights into developments impacting businesses and enterprises on global and ...

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Daily Discussion - March 29, 2020 (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 March 28, 2020 at 07:11PM by AutoModerator https://ift.tt/3bCMY4z https://ift.tt/2Z7cX2s

bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

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Kraken investigated: Bitcoin price expectations set

Kraken's research arm, Kraken Intelligence, has released a research report with industry participants that discusses Bitcoin price expectations. Kraken ...

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

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Sign of Strength: Bitcoin Sees Massive Spike in Buy-Side Orders Despite Selloff

Bitcoin's sharp overnight selloff marked a firm end to the bout of consolidation that it had been experiencing over the past few days, with this movement ...

from Google Alert - Bitcoin https://ift.tt/2UIHy19

bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

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Bitcoin Dips Below 6214.2 Level, Down 7%

Bitcoin was trading at 6,214.2 by 13:22 (17:22 GMT) on the Investing.com Index, down 6.95% on the day. It was the largest one-day percentage loss ...

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Bitcoin and major cryptocurrencies experience drop this March 28

After a period relative stability which spanned two days, Bitcoin and the main cryptocurrencies are going down this March 28, especially highlighting ...

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News about Japanese cryptocurrencies: March 22-28 review

Japan's flagship headlines this week included Bitbank adding smartphone compatibility for identity verification, Fobi Japan announcing leverage ...

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Cryptocurrency news: 27 March, 2020

We hope that this review will help you understand how the cryptocurrency world works and how fast it develops. Table of Contents hide. 1.

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cryptocurrencies chart

vitalik buterin crypto blockchain space wont see 1000, as bitcoin ethereum ripples xrp and litecoin lose, all cryptocurrencies chart simple token crypto, ...

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Bitcoin Dips Below 6214.2 Level, Down 7%

Elsewhere in cryptocurrency trading. Ethereum was last at $127.82 on the Investing.com Index, down 6.64% on the day. XRP was trading at $0.17453 ...

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Best place to buy cryptocurrency reddit

Jan 19, 2018 · 10 best places to buy bitcoin with a credit debit card or PayPal in USA How To Buy Cryptocurrency With ZERO Fees! These are The ...

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Global FinTech Blockchain Market 2025| By Top Key Companies AWS, Microsoft, IBM, Ripple ...

The FinTech Blockchain Market report provides in-depth analysis and insights into developments impacting businesses and enterprises on global and ...

from Google Alert - Blockchain https://ift.tt/39s6Kyv

Daily Discussion - March 29, 2020 (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 March 28, 2020 at 07:11PM by AutoModerator https://ift.tt/3bCMY4z https://ift.tt/2Z7cX2s

Kraken investigated: Bitcoin price expectations set

Kraken's research arm, Kraken Intelligence, has released a research report with industry participants that discusses Bitcoin price expectations. Kraken ...

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

Sign of Strength: Bitcoin Sees Massive Spike in Buy-Side Orders Despite Selloff

Bitcoin's sharp overnight selloff marked a firm end to the bout of consolidation that it had been experiencing over the past few days, with this movement ...

from Google Alert - Bitcoin https://ift.tt/2UIHy19

Bitcoin Dips Below 6214.2 Level, Down 7%

Bitcoin was trading at 6,214.2 by 13:22 (17:22 GMT) on the Investing.com Index, down 6.95% on the day. It was the largest one-day percentage loss ...

from Google Alert - Bitcoin https://ift.tt/2w1fgH6

NOvid 2020: American Scientist Pushes for Blockchain to Secure Mobile Citizen Data and Build ...

What is special about this kind of questionnaire is that it would be implemented on a decentralized blockchain infrastructure (Ares, Indy/HyperLedger) ...

from Google Alert - Blockchain https://ift.tt/2UGXml1

IEEE International Workshop on Blockchain and Smart Contracts

presentations. Introduction: A Blockchain is a distributed ledger for recording transactions, maintained by many nodes without central authority through a ...

from Google Alert - Blockchain https://ift.tt/2QP8fQA

How Blockchain Tech Could Make Mergers And Acquisitions More Efficient

Blockchain technology is shaping and creating a new type of business model in a number of sectors. The advantages this technology provides ...

from Google Alert - Blockchain https://ift.tt/342tZy9

Sandbox Upcoming Blockchain Platform To Feature Atari

These incorporate Asteroids, Centipede, Pong and RollerCoaster Tycoon. In its blockchain cycle, in view of Ethereum, The Sandbox will offer clients ...

from Google Alert - Blockchain https://ift.tt/2WQ76we

Blockchain Technology, Its Purpose And Working – Unraveled!

When the first car was created by Daimler, they would never have imagined a Koenigsegg or a Pagani today! It's the same case with blockchain.

from Google Alert - Blockchain https://ift.tt/3bB28Hx

Getting the warning Served eth_sendRawTransaction err="already known"

The problem: I call a smart contract function on my local blockchain, then I confirm the transaction on metamask and finally the transaction is submitted ...

from Google Alert - Blockchain https://ift.tt/2y9Pn8w

Is Ethereum 2.0 the evolution of blockchain platforms?

... tech overlap each other, the tremendous benefits of decentralized blockchain coupled with finance could drastically revolutionize the ecosystem.

from Google Alert - Blockchain https://ift.tt/2QQC57s

Airlines: Transformations through Blockchain

Blockchain applications in the aviation industry is still very new. Nevertheless, around 59 percent of airline operators are pouring investment into this ...

from Google Alert - Blockchain https://ift.tt/33T9WCc

Confidentiality in Smart Contracts

This advancement is very evident in blockchain's ever-expanding role as an innovative solution for payment. One of the important pillars that drive this ...

from Google Alert - Blockchain https://ift.tt/39kcNFa

EDC Blockchain (EDC) Price Triple

Reaching a trade volume of $ 23 million in the past 24 hours, EDC made many investors smile during this process. The EDC Blockchain team launched ...

from Google Alert - Blockchain https://ift.tt/2xz3qUI

Don’t panic. We are in a worldwide crisis, everything is collapsing, it’s natural. Also, remember Bitcoin true purpose. Hodl on.

https://ift.tt/33SZmuY

Submitted March 27, 2020 at 07:39PM by notowisu https://ift.tt/3btLOIL https://ift.tt/2Z7cX2s

If Bitcoin ever goes to zero this is me. Are you man enough?

https://ift.tt/33Q6wzW

Submitted March 27, 2020 at 08:16PM by notowisu https://ift.tt/33Qp5UF https://ift.tt/2Z7cX2s

Daily Discussion - March 28, 2020 (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 March 27, 2020 at 07:11PM by AutoModerator https://ift.tt/3dCW9DZ https://ift.tt/2Z7cX2s

bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

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Ripple CEO’s Public Statements About XRP Token Under Fire in Class-Action Lawsuit

Plaintiffs in the class action lawsuit against Ripple Labs have filed another litigation complaint against Ripple CEO Brad Garlinghouse. The news follows the recent court judgment that denied Ripple Lab’s attempt to get the case dismissed.

Also read: Market Update: Slew of Unknown Coins Has Seen Considerable Gains Since ‘Black Thursday’

Plaintiffs Accuse Ripple Labs CEO of Selling XRP After Telling the Public He Was ‘Long XRP’

On March 25, the plaintiffs suing Ripple Labs filed an amended complaint with the court against the company’s CEO Brad Garlinghouse. According to the court filing, Garlinghouse told the public a few statements during interviews and on Twitter that ostensibly favor the plaintiff’s side of the argument. The document notes that the CEO told people on Twitter and in the media that he was holding and “long XRP,” but the plaintiffs believe Garlinghouse was selling the token regularly. The complaint filed on Wednesday reads:

Ripple’s CEO, Brad Garlinghouse, has also been a vocal advocate for investing in XRP. In a December 14, 2017 interview with BNN, when asked if he is personally invested in XRP, the CEO stated ‘I’m long XRP, I’m very, very long XRP as a percentage of my personal balance sheet.

However, despite Garlinghouse explicitly saying that in public, the plaintiffs believe the CEO was instead dumping lots of XRP on the open market for USD and other assets. They believe retail investors were damaged by these alleged actions and Ripple Labs employees had knowledge of these instances, the plaintiffs further claimed.

“Rather,[Garlinghouse] was dumping XRP on retail investors in exchange for dollars and other cryptocurrencies,” the complaint adds. “Defendants had exclusive or superior knowledge of material information regarding Garlinghouse’s XRP sales but omitted it from their representations to investors…Accordingly, Garlinghouse’s statement was a misrepresentation and omission of material fact to investors.”

Lawsuit Claims XRP Is Centralized and a Security

Essentially, the plaintiffs suing Ripple Labs also believe that the firm advertised XRP as a utility token for the network but the company is accused of simply using XRP for revenue. Other than making revenue, the plaintiffs say that XRP is basically a security token and other products like Ripplenet and Xvia are simply smoke and mirrors with no real value. Ripple Labs and Garlinghouse have denied all of these accusations against them and have tried to get the case dismissed. In addition to the plaintiff’s attempt to get a jury trial, the case questions whether or not XRP is a security. The plaintiffs wholeheartedly believe that XRP is a security and the entire project is centralized.

For instance, the plaintiffs further highlight that the Ripple Labs XRP product manager, Warren Paul Anderson, tweeted frequently about XRP’s centralization issues. “On January 9, 2018, Anderson tacitly admits that the XRP Ledger remains centralized, tweeting that the ‘[N]ew XRP Ledger (rippled) 0.81.0 release gets us one step closer to executing on our aforementioned decentralization strategy,’” the complaint notes.

What do you think about the class-action lawsuit against Ripple Labs? Let us know in the comments below.

 

The post Ripple CEO’s Public Statements About XRP Token Under Fire in Class-Action Lawsuit appeared first on Bitcoin News.

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