Brazilian 'Phantom Investment' Cryptocurrency Ponzi Scammer Extradited to US

Promoters falsely promised Victims that AirBit Club earned returns on cryptocurrency mining and trading and that Victims would earn passive, ...

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Why is PayPal Starting to Accept Cryptocurrency?

PayPal recently announced that it would start supporting a range of cryptocurrencies, including bitcoin (BTC), Ethereum, BTC Cash, and Litecoin.

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Here's Why Cryptocurrency Stocks Are Soaring Today

Many alternative cryptocurrencies also rose dramatically today, including a 9% surge in Ethereum prices and a 7% increase for Ripple tokens. A green ...

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Cryptocurrency Exchanges Binance and Huobi to List

The countdown has begun for the SKALE Network (SKL), which has been announced to be listed by the world's leading cryptocurrency exchanges ...

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{Crypto Watch: FIO Protocol} For Human Readable Addresses and Building a User Friendly Crypto ...

This cryptocurrency open source protocol is trying to bring people closer to the ... and it's different for different blockchains in different cryptocurrencies.

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Explainer: So you just bought cryptocurrency; how do you store your holdings safely?

Crypto investment is on the rise in Australia – but how do new investors store their cryptocurrency holdings? The lack of third party involvement, neither ...

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BTIG says cryptocurrency 'comes of age,' puts $50000 target on bitcoin for 2021

The volatile cryptocurrency crossed above $19,000 last week but fell back to about $17,000 at the end of the week, before bouncing back over the ...

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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 30 November

Like the majority of cryptocurrencies, Ethereum has managed to recover from its 23% crash and it's aiming to hit higher highs on Monday. There seems ...

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Extradition Of Co-Founder Of Global Cryptocurrency Ponzi Scheme, Gutemberg Dos Santos

Extradition Of Co-Founder Of Global Cryptocurrency Ponzi Scheme, ... of return on phantom investments in cryptocurrencies, defrauding victims of tens ...

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3 Stocks to Scoop Up When Bitcoin Dips

... seemingly due to speculation over the Chinese government recovering cryptocurrencies worth $4.2 billion as a part of the Plustoken Ponzi scheme.

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Bitcoin hits new all-time high after rollercoaster week which saw its price fall 12.5% days ago... will ...

Only days after the cryptocurrency tumbled more than 12.5 per cent in a 24 hour period as some deep-pocketed investors banked their gains, ...

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Bitcoin hits an all-time high of just under $20000

The cryptocurrency surged 9% to a new all-time high of about $19,860 on Monday, topping the previous peak of $19,783 from December 2017.

from #Bitcoinmovement https://ift.tt/3mptjer
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Bitcoin hits all-time record as 2020 rally power on

... monetary stimulus, hunger for assets perceived as resistant to inflation, and expectations that cryptocurrencies would win mainstream acceptance.

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Bitcoin futures soar above $20000 as cryptocurrency stages turnaround

The world's most popular cryptocurrency on Monday was soaring at a record around $20,000 for the first time ever, staging a remarkable turnaround ...

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Bitcoin Hits New Record, This Time With Less Talk of a Bubble

The cryptocurrency has soared since March, after sinking below $4,000 at the outset of the coronavirus pandemic. Bitcoin's latest climb is different from ...

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Evolving Ethereum: What The Second-Largest Cryptocurrency's 2.0 Upgrade Means For Investors

Like many cryptocurrencies, Ethereum currently uses a consensus ... The cryptocurrency landscape is livening up in the wake of bitcoin's push ...

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Bitcoin reached the new ATH after 1079 days and 84% correction

​

Bitcoin reached the new ATH after 1079 days and 84% correction

Submitted November 30, 2020 at 02:56PM by ThatNaimish1 https://ift.tt/2JmRFqW https://ift.tt/2Z7cX2s

WARNING: Paxful is aggressively KYC and doesn't warn users until AFTER depositing bitcoin their funds will be locked until verification is completed

Just posting to warn everyone about paxful. I literally found it on a list of KYC friendly exchanges and sadly that couldn't be more far from the truth

AFTER buying bitcoin through paxful, your funds will be locked until KYC is completed. There is no warning of this beforehand. If you are unable to complete the KYC verification your funds will be permanently locked in paxful. You cannot even trade them back to your original form of payment

The KYC is some of the most aggressive I have ever seen, involving submitting photos of government documents as well as a live 'video selfie' of your face for facial recognition purposes

I'm sure paxful makes quite a killing here, with crypto users that tend to value anonymity choosing to take a loss rather than have a three dimensional profile of their face in some for profit database

Do not use paxful. Do not support this business. This is literally the scummiest practice I have encountered since I began using bitcoin in 2013

Edit: Just because I know someone is going to ask, KYC = know your customer, which is a US government initiative for corporations to know who their customers are for tax/criminal investigative/surveillance purposes

Submitted November 30, 2020 at 04:43PM by fr33dom35 https://ift.tt/3oarZfP https://ift.tt/2Z7cX2s

U.S. Intel Official: We "Cannot Allow China to Dominate" Digital Currencies

https://ift.tt/3fPvTI8

Submitted November 30, 2020 at 01:27PM by JokeOlantern https://ift.tt/3loSfkI https://ift.tt/2Z7cX2s

Daily Discussion - December 1, 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 November 30, 2020 at 06:12PM by AutoModerator https://ift.tt/3mrVA3X https://ift.tt/2Z7cX2s

Monthly Skeptics Discussion - December 2020

Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging popular or conventional beliefs.

This thread is scheduled to be reposted on the 1st of every month. Due to the 2 post sticky limit, this thread will not be permanently stickied like the Daily Discussion thread. It will often be taken down to make room for important announcements or news.

---

Rules:

• All sub rules apply here.
• Discussion topics must be on topic, i.e. only related to skeptical or critical discussion about cryptocurrency. Markets or financial advice discussion, will most likely be removed and is better suited for the daily thread.
• Promotional top-level comments will be removed. For example, giving the current composition of your portfolio or stating you sold X coin for Y coin(shilling), will promptly be removed.
• Karma and age requirements are in full effect and may be increased if necessary.

---

Guidelines:

• Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects.
• Refer topics such as price, gossip, events, etc to the Daily Discussion.
• Please report top-level promotional comments and/or shilling.

---

Resources and Tools:

• Read through the CryptoWikis Library for material to discuss and consider contributing to it if you're interested. r/CryptoWikis is the home subreddit for the CryptoWikis project. Its goal is to give an equal voice to supporting and opposing opinions on all crypto related projects. You can also try reading through the Critical Discussion search listing.
• Consider changing your comment sorting around to find more critical discussion. Sorting by controversial might be a good choice.

• Click the RES subscribe button below if you would like to be notified when comments are posted.

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Thank you in advance for your participation.

Submitted November 30, 2020 at 06:12PM by AutoModerator https://ift.tt/2KP8I5b https://ift.tt/2Z7cX2s

Soon enough

https://ift.tt/39sor4q

Submitted November 30, 2020 at 03:26PM by jiar300 https://ift.tt/2HT6jFA https://ift.tt/2Z7cX2s

ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins

ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.”

Christine Lagarde, Bitcoin, and Facebook’s Libra

The president of the European Central Bank (ECB), Christine Lagarde, shared her view on the future of money in an article published Monday in L’ena hors les murs magazine. She specifically discussed “bitcoin or other crypto-assets that have been trying to gain a foothold in the digital payments space and to anchor trust in their technology.”

Lagarde began by stating that innovations like blockchain technology “bring both new opportunities and new risks.” She noted that peer-to-peer (P2P) transactions have “no need for a trusted third-party intermediary,” asserting that the trust “is replaced by cryptographic proofs and the security and integrity of records is ensured by DLT, which avoids the ‘double-spending’ problem.” The ECB chief elaborated:

The main risk lies in relying purely on technology and the flawed concept of there being no identifiable issuer or claim. This also means that users cannot rely on crypto-assets maintaining a stable value: they are highly volatile, illiquid and speculative, and so do not fulfil all the functions of money.

Lagarde proceeded to point out that unlike bitcoin, stablecoins “pose serious risks,” even though they “could drive additional innovation in payments and be well integrated into social media, trade and other platforms.” She explained that stablecoins “try to solve crypto-assets’ problem of a lack of stability and trust by pegging their assets to stable and trusted fiat money issued by States.”

In addition, the issuers of “global” stablecoins, “aim to introduce their own payment schemes and clearing and settlement arrangements.” Global stablecoins are stablecoins that are likely to achieve mass adoption from inception, such as Facebook-backed libra.

The ECB chief warned that if these global stablecoins are widely adopted, “they could threaten financial stability and monetary sovereignty.” For instance, she explained: “if the issuer cannot guarantee a fixed value or if they are perceived as being incapable of absorbing losses, a run could occur. Additionally, using stablecoins as a store of value could trigger a large shift of bank deposits to stablecoins, which may have an impact on banks’ operations and the transmission of monetary policy.”

Moreover, Lagarde believes that stablecoins backed by global tech firms “could also present risks to competitiveness and technological autonomy in Europe, as they would attempt to leverage their competitive advantage and control of large platforms,” adding:

Their dominant positions may harm competition and consumer choice, and raise concerns over data privacy and the misuse of personal information.

Former Goldman Sachs hedge fund manager Raoul Pal commented on Lagarde’s view. He tweeted: “the fear is real and it’s stablecoins they see as the threat, not bitcoin.”

What do you think about Lagarde’s view on bitcoin and stablecoins? Let us know in the comments section below.

The post ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins appeared first on Bitcoin News.

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Why doesn't anybody warn people that Changelly is a scam...

It's a site that allows you to set up and account and put money into it. Once you try to do a withdrawl they ask you to verify yourself. If the verification comes from a country they don't approve of, they hold your funds and there is no recourse. They also don't list the countries which you cannot be from before you sign up..

Submitted November 29, 2020 at 03:36PM by Throwawayiea https://ift.tt/3o0Lt6y https://ift.tt/2Z7cX2s

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

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TwitchPlaysCryptoMarket goes live today. Use the chat to vote on what gets bought or sold every 5 minutes. Starting with $2200 USD lets see what the Twitch portfolio will be worth in weeks/months.

Hi everyone. Starting in 15 minutes or so TwitchPlaysCryptoMarket will go live.

Type chat commands (!buy BTC, !buy ETH, !buy XRP, !buy ADA, !sell BTC, !sell ETH, etc) to cast votes. Every 5 minutes the asset with the most votes will have $20 USD bought (minus trading fees)

Check out the stream and schedule here: https://www.twitch.tv/twitchplayscryptomarket/schedule

Look at the stream About tab for more.

Lets see what the community can do. Will it be a nice balanced portfolio or trolls buying a bunch of dead coins (please be kind). Will big gains be sold back into USD at the top? Let's find out.

Please consider following as I need to become a twitch affiliate to earn money and de-risk a little.

Edit: Update #1 Just finished the first 4 hour stream. Thank you to all that attended. Check the link to the schedule for the next stream.
Check out the TwitchPlaysCryptoMarket portfolio here: https://coinstats.app/p/yZQbdo

Submitted November 29, 2020 at 10:44AM by dopeturtle1 https://ift.tt/37ma7rs https://ift.tt/2Z7cX2s

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

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Bitcoin stock to flow model.

https://ift.tt/3fPPZSo

Submitted November 29, 2020 at 03:28PM by dan_held https://ift.tt/39oSvxQ https://ift.tt/2Z7cX2s

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

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Five Reasons Ethereum Is Way More Powerful Than Bitcoin

Ethereum as a currency can verify transactions in 10 seconds, as opposed to 10 minutes in bitcoin. Switch to proof of stake over proof of work carries ...

from Google Alert - Bitcoin https://ift.tt/3ljYO8u

Bitcoin carnage, Eth2 milestone, Libra launch, PayPal blunder

Bitcoin was one resistance zone away from all-time highs, altcoins were rallying by triple digits, and the surge was making a splash on the homepage of ...

from Google Alert - Bitcoin https://ift.tt/2HTCu7Y

Bitcoin returns to $18000 as investors are mixed over what's next for the bull run

Bitcoin dropping 30 percent from its recent highs would mean a drop to the $14,000 region. BTC hasn't reached that price point yet as we well know. “ ...

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

Many More UK Residents are Buying Bitcoin and Other Cryptos as British Pound falls to Lowest ...

According to the P2P Bitcoin exchange, 23% of UK residents are now open to the idea of buying cryptocurrencies “if widespread use was possible and ...

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

Bitcoin To $30000 or Higher? Nothing Says It Has To Drop!

Today is Sunday and we are seeing Bitcoin (BTCUSD) moving back above the EMA10 ($17856) green line. After testing EMA21 as support, this level ...

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

Bitcoin Up Review 2020 – Is it a Scam or Safe to Use?

And cryptocurrency platforms trade digital currency with other brokers having different digital currencies like bitcoin and Litecoin, and Ethereum. Bitcoin ...

from Google Alert - Bitcoin https://ift.tt/3mluJ9M

Five Reasons Ethereum Is Way More Powerful Than Bitcoin

Warren Buffett has compared the cryptocurrency hype to gold, saying it is a non-productive asset that one only hopes to part with later at a higher price ...

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Ethereum, Bitcoin, Ripples XRP: has China already sold the $ 3 billion in cryptocurrencies?

As recently reported by The Block, $ 4.2 billion worth of cryptocurrency has been seized by lawmakers in China. It was rumored that many of the ...

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Top 5 cryptocurrencies to watch this week: BTC, ETH, ADA, XLM, XEM

298k members in the ethtrader community. Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, ...

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Bill Salus: Cryptocurrencies and the Mark of the Beast

Cryptocurrency is a digital currency. It's not cash. It's not credit card in which in which an encryption techniques are used to regulate the generation of ...

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Chinese cryptocurrency and blockchain...

Chinese cryptocurrency and blockchain journalist, Colin Wu, has revealed that the huge amounts of Bitcoin and Ethereum seized by the Chinese ...

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Sushiswap stops possible exploit in its track & awards bug bounty for it’s discovery.

https://ift.tt/2JuDcbZ

Submitted November 29, 2020 at 05:30PM by BardCookie https://ift.tt/2VtB6w5 https://ift.tt/2Z7cX2s

Pizza Hut to accept crypto in all its stores in Venezuela

https://ift.tt/33tq3Hw

Submitted November 29, 2020 at 02:27PM by robis87 https://ift.tt/37l4U3g https://ift.tt/2Z7cX2s

Where to start if you are looking to invest 1k a month in crypto?

Finally graduated and making enough money to invest. I'd like to set aside roughly $1k a month into crypto. This is money I'm alright with loosing but would love if it have a chance of making money down the road. Where would you start if you were new to crypto for basic knowledge and investing strategies/advice? Thanks for the help!

Submitted November 29, 2020 at 04:05PM by NotADrJustADentist https://ift.tt/3mkKZrn https://ift.tt/2Z7cX2s

Enormous Bitcoin Whale Unloads Crypto Wallet in $386,000,000 Transaction

https://ift.tt/3qdR0IP

Submitted November 29, 2020 at 06:19AM by Fhelans https://ift.tt/39rc88r https://ift.tt/2Z7cX2s

U.S. government uses USDC stablecoin to bypass Nicolas Maduro and give funds directly to Venezuelan medical workers (Using Venezuelan funds)

Besides the news I will post.

I know someone close, the process worked like this,

If you are a medical worked and wanted to receive the funds you had to do the following:

​

• Register in a webpage (As most of the medical workers work in public places administred by Maduro, Maduro's goverment tried several times with phishing, intercept the register to have the database and know the workers that registered to press them). Around 65k workers registered.

​

• They cross check the data, to make sure everything was legit.

​

• Wait.

​

• You would get an email so you register at www.airtm.com (just after that website was blocked by Maduro, you had to use a VPN).

​

• Wait.

​

• Weeks later you would get an email, with the confirmation of the first part of the funds. It is 100 USD monthly for three months to any medical worker (medic, nurses and so on). To put things in context, one medic that fights COVID with maybe 10 years of exprience has a monthly wage of MAYBE 50 USD.

​

• You got the funds in AIRUSD (AirTM stable coin, 1 AIRUSD = 1 USD). After that you can do whatever you can. Keep them there, buy cryptos, cash out (sadly, considering the situation, ALMOST all of them cashed out to Bs. to spend in the supermarket). You can do all of that in AirTM.

​

All of this against Maduro will, but he wasn't able of blocking it.

​

Remember, this is a goverment that is against anyone that want to help.

​

I'm a Venezuelan living here, crypto entusiast, you can AMA.

​

Sources:

​

https://www.coindesk.com/circle-usdc-venezuela-airtm

​

https://www.nytimes.com/2020/11/26/world/asia/venezuela-charity-raid.html

Submitted November 29, 2020 at 07:19AM by WorkingLime https://ift.tt/2VlwJ5P https://ift.tt/2Z7cX2s

One coin's commenters are not quite like all the other coins' commenters

https://ift.tt/3o0tSf0

Submitted November 29, 2020 at 12:34PM by jwinterm https://ift.tt/3o7Cyk0 https://ift.tt/2Z7cX2s

Why doesn't anybody warn people that Changelly is a scam...

It's a site that allows you to set up and account and put money into it. Once you try to do a withdrawl they ask you to verify yourself. If the verification comes from a country they don't approve of, they hold your funds and there is no recourse. They also don't list the countries which you cannot be from before you sign up..

Submitted November 29, 2020 at 03:36PM by Throwawayiea https://ift.tt/3o0Lt6y https://ift.tt/2Z7cX2s

TwitchPlaysCryptoMarket goes live today. Use the chat to vote on what gets bought or sold every 5 minutes. Starting with $2200 USD lets see what the Twitch portfolio will be worth in weeks/months.

Hi everyone. Starting in 15 minutes or so TwitchPlaysCryptoMarket will go live.

Type chat commands (!buy BTC, !buy ETH, !buy XRP, !buy ADA, !sell BTC, !sell ETH, etc) to cast votes. Every 5 minutes the asset with the most votes will have $20 USD bought (minus trading fees)

Check out the stream and schedule here: https://www.twitch.tv/twitchplayscryptomarket/schedule

Look at the stream About tab for more.

Lets see what the community can do. Will it be a nice balanced portfolio or trolls buying a bunch of dead coins (please be kind). Will big gains be sold back into USD at the top? Let's find out.

Please consider following as I need to become a twitch affiliate to earn money and de-risk a little.

Edit: Update #1 Just finished the first 4 hour stream. Thank you to all that attended. Check the link to the schedule for the next stream.
Check out the TwitchPlaysCryptoMarket portfolio here: https://coinstats.app/p/yZQbdo

Submitted November 29, 2020 at 10:44AM by dopeturtle1 https://ift.tt/37ma7rs https://ift.tt/2Z7cX2s

Bitcoin stock to flow model.

https://ift.tt/3fPPZSo

Submitted November 29, 2020 at 03:28PM by dan_held https://ift.tt/39oSvxQ https://ift.tt/2Z7cX2s

I. Petrova | Revista San Gregorio

Cryptocurrency is a modern phenomenon of the digital economy, which is gradually becoming part of the business processes of companies of various ...

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It's sad, but it's true 😅

https://ift.tt/33s4UgJ

Submitted November 28, 2020 at 06:17PM by TR5_ https://ift.tt/37eWYAF https://ift.tt/2Z7cX2s

Here's to 13 years on Reddit🍻

https://ift.tt/39lKMRi

Submitted November 28, 2020 at 04:09PM by 0rbytal https://ift.tt/2HQN6EC https://ift.tt/2Z7cX2s

CME Group Outpaces Competition Becoming the World's Largest Bitcoin Futures Market

Financial derivatives products for bitcoin have grown massively during the last few months. On Friday evening (EST), Arcane Research explained that ...

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

Major BTC Investors Are Not Bearish On Bitcoin And Here's Why

The major BTC investors are not bearish at all on Bitcoin despite the recent drop. Since the yearly peak, Bitcoin plummeted by 17%

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

Ukrainian government sponsors educational web show about cryptocurrencies

Cryptocurrency11 minutes ago (Nov 28, 2020 05:20PM ET) ... a web series to educate citizens about cryptocurrencies, blockchain and Bitcoin (BTC).

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Ripple (XRP) shoots 20% as cryptocurrencies recover from falling

The price of XRP, the third largest cryptocurrency with a market value of $ 29.14 billion, today reached $ 0.64, an increase of 20.62% over yesterday's ...

from #Bitcoinmovement https://ift.tt/3o2uYqE
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Bitcoin carnage, Eth2 milestone, Libra launch, PayPal blunder: Hodler's Digest, Nov. 21–27

All told, the world's biggest cryptocurrency collapsed by more than 15%. Massive liquidations were blamed for the crash from $19,484 to $16,334 in ...

from #Bitcoinmovement https://ift.tt/3q3Pjh4
via IFTTT

All Pizza Hut Locations Accept Cryptocurrencies in Venezuela

All Pizza Hut areas in Venezuela currently approve a wide variety of cryptocurrencies, consisting of bitcoin, by means of the settlement system ...

from #Bitcoinmovement https://ift.tt/33qyIdT
via IFTTT

Libra, the cryptocurrency that Facebook would launch at the beginning of the following year

In case it is authorized, Libra would compete with cryptocurrencies such as USD Coin (USDC), Tether (USDT) or TrueUSD (TUSD), which are ...

from #Bitcoinmovement https://ift.tt/37eEtfL
via IFTTT

Daily Discussion - November 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 November 28, 2020 at 06:11PM by AutoModerator https://ift.tt/39ofV6t https://ift.tt/2Z7cX2s

CME Group Outpaces Competition Becoming the World’s Largest Bitcoin Futures Market

Financial derivatives products for bitcoin have grown massively during the last few months. On Friday evening (EST), Arcane Research explained that the Chicago Mercantile Exchange has surpassed Okex as the largest bitcoin futures provider. The regulated derivatives market at CME has doubled month after month as incoming interest has created more demand for CME’s bitcoin futures.

• The Chicago Mercantile Exchange (CME Group) is the world’s largest financial derivatives exchange that trades in various asset classes. The exchange first launched its bitcoin futures products back in December 2017, and since then the demand for crypto derivatives has skyrocketed.
• On October 14, 2020, the investment manager Wilshire Phoenix published a study which says that “CME Bitcoin Futures contribute more to price discovery than its related spot markets.”
• “CME Bitcoin Futures have grown to become significant, this is not only demonstrated through trading volume and open interest, but also by influence on spot price formation,” the investment manager’s research called “Efficient Price Discovery in the Bitcoin Markets” said.
• On October 24, 2020, news.Bitcoin.com reported on how CME Group became the second-largest derivatives market for bitcoin futures in terms of open interest. Two key events helped push CME’s futures above the competitors; the crypto support announcement from Paypal, and the legal troubles surrounding the derivatives exchange Bitmex.

• This week, CME Group has surpassed Okex and is the largest bitcoin futures provider at the time of publication. The exchange has captured over $1.16 billion in open interest toward its bitcoin futures market product. This is just a hair above the exchange Okex, which commands $1.07 billion in bitcoin futures open interest.
• The research and analysis firm Arcane Research tweeted about the latest CME Group milestone after obtaining data from Skew.com. “According to data from Skew.com, CME is now the largest futures market for bitcoin. Institutional investors are here,” Arcane tweeted on November 27.

• Other bitcoin derivatives exchanges that are also seeing notable open interest spikes include Binance, Huobi, and Bybit. In fact, according to Arcane Research’s recent tweet, Bybit and Bitmex share the same amount of open interest.
• The bitcoin derivatives exchange Bakkt, which deals in physically-settled bitcoin futures is barely a blip on the radar compared to competitors.

What do you think about CME outpacing the competitors like Okex when it comes to bitcoin futures open interest? Let us know what you think about this subject in the comments section below.

The post CME Group Outpaces Competition Becoming the World’s Largest Bitcoin Futures Market appeared first on Bitcoin News.

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BITCOIN Is it repeating the May10 pull back or can decline more?

So as you see above, Bitcoin has reached the top of the Channel Up which under normal market conditions, would call for a pull-back towards the ...

from Google Alert - Bitcoin https://ift.tt/37eOeug

Bitcoin price – Bitcoin Analysts Clarify Why price Is Rallying Once more

As for why the price of Bitcoin is heading again up, Eric Wall, Chief Funding Officer for crypto funding agency Arcane Property, advised Decrypt that it ...

from Google Alert - Bitcoin https://ift.tt/36egz4H

Nigeria emerging as a true Bitcoin nation

In Nigeria, Bitcoin is “a necessity as opposed to a luxury or this cool thing that you could use,” Akin Sawyerr, a US-based crypto investor and ecosystem ...

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Bitcoin and Cryptocurrency Worth $4 Billion Seized From Top Crypto Ponzi Group

Chinese authorities seized around $4 billion worth of bitcoin and other cryptocurrencies from the notorious crypto Ponzi group PlusToken. This comes ...

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Bitcoin, Facing Two Upcoming Scenarios, One More Likely One!

Hi my friends, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspective, the recent events, the comparison to the ...

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Ukrainian government sponsors educational web show about cryptocurrencies

Ukrainian government sponsors educational web show about cryptocurrencies. Cryptocurrency17 minutes ago (Nov 28, 2020 05:20PM ET).

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Facebook cryptocurrency Libra to launch as early as January

A cryptocurrency is a new form of digital asset based on a network that is distributed across a large number of computers. This decentralized structure ...

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Bitcoin (BTC) Outperformed Every Mainstream Asset Class in 2020, as Family Offices Look to ...

Bitcoin (BTC), the flagship cryptocurrency, is considered a legitimate store of ... institutions and investors with significant exposure to cryptocurrencies.

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Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Cryptocurrencies collected from users as a joining fee were valued at at ... It doesn't come as a surprise that the cryptocurrency space is scam-laced.

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“Facebook” reveals the details of the “Libra” cryptocurrency

Cryptocurrencies have become stable currencies, whose value does not fluctuate against a particular fiat currency .. For example, one unit of a stable ...

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BTC $100K, ETH $10k lets go!

https://ift.tt/2KFR57Q

Submitted November 28, 2020 at 12:06PM by princehints https://ift.tt/3lpLEa5 https://ift.tt/2Z7cX2s

I did it. I emptied my Coinbase account.

Yeah, the title was a little bait and switch, but I did empty my coinbase account. I finally pulled the trigger and took control of my own keys.

I have always been hesitant to maintain full custody of my bitcoin since I wasn't 100% sure I could reliably and responsibly control it. My personal coinbase holdings were from my early days and it has been a relatively small amount. Plus I've just been lazy.

However, with everything going on with Coinbase, and rumors that they will be introducing new policies with the US government regarding self-custody, I am pretty worried they will sanction BTC for all US citizens. Yes, I know it's an extreme case, but as soon as things get real and the current elite realize they have holes in their moneybags (inflation, quantitative easing, stimulus, money printing, bailouts, etc...), they will probably take extreme measures to make sure they retain power.

p.s.

If anyone has or knows someone with mass amounts of venture capital, and wants to bring a better mousetrap to the market, I have a working concept for a hardware wallet that is better than any of the current offerings. I have the manufacturing set up. Just need the money to place the order. I also have experience in manufacturing crypto hardware and software, created the first plug-and-play bitcoin miner, and founded Hands Free Bitcoin. And before anyone starts trolling, yes, my business accounts have always had excessive custodial measures taken to ensure security. My personal coinbase holdings were from my early days and I just haven't taken time to pay much attention to them until now.

Submitted November 27, 2020 at 03:19PM by Adamsimecka https://ift.tt/2JoVk75 https://ift.tt/2Z7cX2s

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US Director of National Intelligence Urges SEC to Support Bitcoin and Crypto Companies: Report

https://ift.tt/3leLe6j

Submitted November 27, 2020 at 01:52PM by da_dreamerr https://ift.tt/3lbl6Jj https://ift.tt/2Z7cX2s

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Grayscale Bitcoin Cash Trust: Pure Lunacy

There are many bubbles in the current market. Grayscale Bitcoin Cash Trust stands tall among them. This is an asset where one can't build fantasies ...

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Record-setting bitcoin faces test after volatile week

Bitcoin is set for a crucial few weeks to determine whether its record-breaking rally this year marks a rerun of the cryptocurrency bubble that burst in ...

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Bitcoin for the Win: MintGox Pays Online Gamers in Crypto

With in-person events and conferences on ice, a monthly streaming competition provides interactive opportunities and Bitcoin rewards. By Andrew ...

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Price analysis 11/27: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, XLM, BNB

Bitcoin's recent correction is healthy, but several altcoins have lost momentum and could remain range-bound for a few days. 7465 Total views.

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Bitcoin's Price Plunged and Explanations Abound

Bitcoin had roughly doubled between mid-September and Tuesday. Analysts floated several explanations for the drop, including speculation about a ...

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Newly Launched Bitcoin Latinum Set to Become World's Largest Insured Digital Asset

PALO ALTO, CA, Nov 28, 2020 - (ACN Newswire) - Bitcoin Latinum, the next-generation Bitcoin fork capable of massive transaction volume, digital ...

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Here are key reasons bitcoin prices are tumbling, and the bullish factors that may buoy them

At last check, Bitcoins changed hands on CoinDesk, down 2.4%, at $16,714, representing a more than 14% decline from its 52-week peak at $19,495, ...

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Going long on Bitcoin, how risky is it?

Bitcoin is now trading at $17275, down from $19300, 3 days ago. The price has dropped by 10.49% and Bitcoin longs worth $43.8 Million were ...

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How it's ended 😎

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Submitted November 27, 2020 at 07:46PM by devboricha https://ift.tt/2Vcqx0c https://ift.tt/2Z7cX2s

Bitcoin be like

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Submitted November 27, 2020 at 07:32PM by dannydorrito https://ift.tt/36epQKb https://ift.tt/2Z7cX2s

Researcher Publishes Never Before Seen Emails Between Satoshi Nakamoto and Hal Finney

Just recently three previously unpublished emails from Bitcoin’s inventor, Satoshi Nakamoto, have been made public. The emails reveal the correspondence between Satoshi and the early Bitcoin developer Hal Finney. The communications between Nakamoto and Finney stem from November 2008 and January 2009, the very month Bitcoin was launched.

On November 27, three emails that have never been seen before were made public in an editorial written by Michael Kaplikov, a professor at Pace University. According to Kaplikov, the emails derived from the New York Times contributor Nathaniel Popper. The NYT journalist also wrote the book “Digital Gold” and Hal Finney’s wife Fran Finney gave Popper the emails at this time. Kaplikov published the emails alongside his editorial after confirming that the emails were indeed legitimate, and stemmed from the now-deceased Hal Finney’s old computer.

Hal Finney was a well-known developer during Bitcoin’s earliest days and received the very first BTC transaction from Satoshi. Finney passed away on August 28, 2014, as a result of complications from Amyotrophic lateral sclerosis (ALS).

The first email is dated November 19, 2008, which was nineteen days after Bitcoin’s mysterious creator published the white paper. Kaplikov, who has been studying the Bitcoin origin story, said that before the email, Nakamoto shared an early version of the Bitcoin codebase with a few people including Hal Finney. The early release origin story is well known, as Ray Dillinger and James A. Donald also received pre-release copies. In the email, Finney asked Satoshi about the number of nodes and scaling the Bitcoin network.

“Some of the discussion and concern over performance may relate to the eventual size of the P2P network,” Finney wrote to Nakamoto. “How large do you envision it becoming? Tens of nodes. Thousands? Millions? And for clients, do you think this could scale to be usable for close to 100% of the world’s financial transactions? Or would you see it as mostly being used for some ‘core’ subset of transactions that have special requirements, with other transactions using a different payment system that perhaps is based on Bitcoin?”

The researcher from Pace University also highlighted that soon after this particular email, Bitcoin’s creator allowed Finney commit access to the Sourceforge repository. Then another email dated January 8, 2009, shortly after the network was launched, Satoshi wrote to Hal. “Thought you’d like to know, the Bitcoin v0.1 release with EXE and full sourcecode is up on Sourceforge,” Nakamoto wrote. The creator also detailed that release notes and screenshots were also uploaded to the web portal bitcoin.org. The very next day, Finney replied to Nakamoto’s release email.

“Hi, Satoshi, thanks very much for that information,” Finney said on January 9. “I should have a chance to look at that this weekend. I am looking forward to learning more about the code.”

Running bitcoin

— halfin (@halfin) January 11, 2009

The very next day, Hal Finney took to Twitter and told his followers he was “running bitcoin.” It seems Finney did get a chance to look at the code after his recent correspondence with Nakamoto. In addition to the three unpublished emails, Kaplikov also discussed the email correspondence between Finney and Nakamoto that was given to the Wall Street Journal back in 2014.

The reason for this is because Kaplikov discusses discrepancies with the email’s timestamps. Kaplikov stresses that the January 2009 emails appear to be roughly eight hours ahead of Greenwich Mean Time (GMT). Just recently, new research from The Chain Bulletin contributor Doncho Karaivanov tried to pinpoint Satoshi’s home location by leveraging all his activity and scatter charts of all the timestamps.

Karaivanov’s study assumes that Satoshi Nakamoto lived in London (GMT) when he/she or they created the Bitcoin project. However, studies from the past show that Nakamoto could have also resided in California on the west coast and some have asserted he lived on the eastern side of the United States. Moreover, it is also assumed in a few of the studies that Satoshi Nakamoto pulled a lot of ‘all-nighters’ and crammed his work before he left the project.

Finney passed away on August 28, 2014, after suffering from complications from Amyotrophic lateral sclerosis (ALS). Bitcoiners and crypto proponents everywhere think of Finney in the highest regard, as he once said that the computer could help liberate people.

“It seemed so obvious to me,” Finney explained before his death. “Here we are faced with the problems of loss of privacy, creeping computerization, massive databases, more centralization – and [David] Chaum offers a completely different direction to go in, one which puts power into the hands of individuals rather than governments and corporations. The computer can be used as a tool to liberate and protect people, rather than to control them.”

The recently published emails are interesting and give some new insight into the early relationship between Nakamoto and Finney. The emails and Finney’s post on Twitter on January 10, clearly show he was very excited about this project and specifically made time available to look at Bitcoin right away. The email timestamps simply add more to the Satoshi Nakamoto identity mystery, and the uncertainty of the inventor’s whereabouts during the cryptocurrency’s creation period.

What do you think about the email correspondence between Nakamoto and Finney? Let us know what you think about this subject in the comments section below.

The post Researcher Publishes Never Before Seen Emails Between Satoshi Nakamoto and Hal Finney appeared first on Bitcoin News.

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This subreddit is Diego Maradona - RIP in peace to a legend

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Submitted November 27, 2020 at 06:00PM by jwinterm https://ift.tt/3qauqRg https://ift.tt/2Z7cX2s

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Negative Bitcoin headlines affect speculators, not HODLers says Morgan Creek CEO

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Submitted November 27, 2020 at 04:35PM by robis87 https://ift.tt/36bX8cz https://ift.tt/2Z7cX2s

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Daily Discussion - November 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 November 27, 2020 at 06:10PM by AutoModerator https://ift.tt/3q1UMoN https://ift.tt/2Z7cX2s

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

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I did it. I emptied my Coinbase account.

Yeah, the title was a little bait and switch, but I did empty my coinbase account. I finally pulled the trigger and took control of my own keys.

I have always been hesitant to maintain full custody of my bitcoin since I wasn't 100% sure I could reliably and responsibly control it. My personal coinbase holdings were from my early days and it has been a relatively small amount. Plus I've just been lazy.

However, with everything going on with Coinbase, and rumors that they will be introducing new policies with the US government regarding self-custody, I am pretty worried they will sanction BTC for all US citizens. Yes, I know it's an extreme case, but as soon as things get real and the current elite realize they have holes in their moneybags (inflation, quantitative easing, stimulus, money printing, bailouts, etc...), they will probably take extreme measures to make sure they retain power.

p.s.

If anyone has or knows someone with mass amounts of venture capital, and wants to bring a better mousetrap to the market, I have a working concept for a hardware wallet that is better than any of the current offerings. I have the manufacturing set up. Just need the money to place the order. I also have experience in manufacturing crypto hardware and software, created the first plug-and-play bitcoin miner, and founded Hands Free Bitcoin. And before anyone starts trolling, yes, my business accounts have always had excessive custodial measures taken to ensure security. My personal coinbase holdings were from my early days and I just haven't taken time to pay much attention to them until now.

Submitted November 27, 2020 at 03:19PM by Adamsimecka https://ift.tt/2JoVk75 https://ift.tt/2Z7cX2s

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US Director of National Intelligence Urges SEC to Support Bitcoin and Crypto Companies: Report

https://ift.tt/3leLe6j

Submitted November 27, 2020 at 01:52PM by da_dreamerr https://ift.tt/3lbl6Jj https://ift.tt/2Z7cX2s

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This subreddit is Diego Maradona - RIP in peace to a legend

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Submitted November 27, 2020 at 06:00PM by jwinterm https://ift.tt/3qauqRg https://ift.tt/2Z7cX2s

Negative Bitcoin headlines affect speculators, not HODLers says Morgan Creek CEO

https://ift.tt/3lgJEAJ

Submitted November 27, 2020 at 04:35PM by robis87 https://ift.tt/36bX8cz https://ift.tt/2Z7cX2s

Daily Discussion - November 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 November 27, 2020 at 06:10PM by AutoModerator https://ift.tt/3q1UMoN https://ift.tt/2Z7cX2s

I did it. I emptied my Coinbase account.

Yeah, the title was a little bait and switch, but I did empty my coinbase account. I finally pulled the trigger and took control of my own keys.

I have always been hesitant to maintain full custody of my bitcoin since I wasn't 100% sure I could reliably and responsibly control it. My personal coinbase holdings were from my early days and it has been a relatively small amount. Plus I've just been lazy.

However, with everything going on with Coinbase, and rumors that they will be introducing new policies with the US government regarding self-custody, I am pretty worried they will sanction BTC for all US citizens. Yes, I know it's an extreme case, but as soon as things get real and the current elite realize they have holes in their moneybags (inflation, quantitative easing, stimulus, money printing, bailouts, etc...), they will probably take extreme measures to make sure they retain power.

p.s.

If anyone has or knows someone with mass amounts of venture capital, and wants to bring a better mousetrap to the market, I have a working concept for a hardware wallet that is better than any of the current offerings. I have the manufacturing set up. Just need the money to place the order. I also have experience in manufacturing crypto hardware and software, created the first plug-and-play bitcoin miner, and founded Hands Free Bitcoin. And before anyone starts trolling, yes, my business accounts have always had excessive custodial measures taken to ensure security. My personal coinbase holdings were from my early days and I just haven't taken time to pay much attention to them until now.

Submitted November 27, 2020 at 03:19PM by Adamsimecka https://ift.tt/2JoVk75 https://ift.tt/2Z7cX2s

US Director of National Intelligence Urges SEC to Support Bitcoin and Crypto Companies: Report

https://ift.tt/3leLe6j

Submitted November 27, 2020 at 01:52PM by da_dreamerr https://ift.tt/3lbl6Jj https://ift.tt/2Z7cX2s

Bitcoin at $100000 in 2021? Outrageous To Some, a No-Brainer for Backers

Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as ...

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Can you withdraw Bitcoin from Coinbase?

You will need a Bitcoin wallet. There are many different options, but the best one is a hardware wallet - a physical device - like the Ledger Nano S. If ...

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Thankful

I'm 60 and have been a longterm bitcoin investor ever since I stumbled upon this community.

i want to thank all those who have given me the motivation and the information that a person my age (53 then) needed to get started and get somewhat knowledgeable with this new technology money thing.

I was, 7 years ago, in crippling debt and praying The Lord to find a way to send my children to college one day. After discovering this community and reading up on all the posts I scrapped together all I could, sold my car, my wife's car (with her consent of course) and invested all of it into bitcoin.

The stress on my shoulders was unreal, I don't know what I would have done had this failed. But one day I saw the light at the end of the tunnel. I couldn't believe it. The next few years of my life were simply beyond anything I could have imagined. I paid off my debts, bought a house for me and my family, and sent 2 of my kids to college. (Last one graduates this year from high school)

Yesterday my house burned down. My stuff is pretty much a loss and ill have to find a new place to live, but my kids are ok, my wife is ok and all of the pets are ok. Pictured is my 13 year old cat after being rescued by the Fire Department.

Sadly I kept my crypto offline on a laptop that was in the room the fire started in. I'm told it's gone.

After losing my job this year due to lockdowns and everything that happened yesterday I'm really not sure what I'm supposed to do or what the future holds for me and my family. I got lucky in the past and have faith I'll get lucky again. But all I care about right now is letting this community know how thankful I am for everything they have done to make my past 7 years the happiest I could have ever asked for. Thank you for talking to me and explaining to an out of touch old fart how this whole thing worked. I wish all of you a happy crypto journey and life ahead!

Rob.

( I would have liked to thank a few users personally so I apologize for the throwaway account but people I know follow me on my main one)

Submitted November 26, 2020 at 06:18PM by RelevantReplyAgent https://ift.tt/3nXV6my https://ift.tt/2Z7cX2s

Daily Discussion - November 27, 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 November 26, 2020 at 06:12PM by AutoModerator https://ift.tt/37i9q2K https://ift.tt/2Z7cX2s

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Lot of us bought at 1k in 2014 and 20k in 2017

And we saw it correct 80%. It felt like chewing glass while being constantly punched in the face.

So guys who just got in, don't bitch about a little correction. You bought Bitcoin, not a bank fixed deposit.

Submitted November 26, 2020 at 02:15PM by thecryptomask https://ift.tt/2V7tmiU https://ift.tt/2Z7cX2s

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Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC

Bitcoin price fell short of reaching $20,000, but record high open interest on BTC futures shows pros are still bullish. 1251 Total views. 7 Total shares.

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Bitcoin Black Friday Is Back On November 27!

This year's celebration marks the incredible amount of progress that Bitcoin has made as a payments technology, with technical deployments like the ...

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RBA eyes wave of digital sovereign currencies

But cryptocurrencies like Bitcoin and more recently, the Facebook-backed Libra ... The Facebook-backed Libra cryptocurrency project is known as a ...

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CPPIB and GIC still sceptical on cryptocurrencies

“I still don't understand how you underpin the value of cryptocurrencies,” said Alain Carrier, London-based head of international at CPPIB at the ...

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Cryptocurrency scheme under investigation in NZ

The Commerce Commission is investigating a cryptocurrency multi-level marketing scheme, known as Lion's Share. No caption. Photo: Facebook.

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Important Service For Banking Cryptocurrency Exchanges

South Korean banks are accelerating cryptocurrency moves with Kookmin (KB), one of the largest commercial banks in the country, and are forming a ...

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3 Reasons Bitcoin Crashed by $3000 – And Why It's Still Bullish

The cryptocurrency has seen several pullbacks of 20% or more during the previous bull markets. The price drop seen today has taken the cryptocurrency ...

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“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.” – F.A. Hayek, 1984

No text found

Submitted November 26, 2020 at 04:05PM by riskcapitalist https://ift.tt/2JlhJCA https://ift.tt/2Z7cX2s

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Daily Discussion - November 27, 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 November 26, 2020 at 06:12PM by AutoModerator https://ift.tt/37i9q2K https://ift.tt/2Z7cX2s

Lot of us bought at 1k in 2014 and 20k in 2017

And we saw it correct 80%. It felt like chewing glass while being constantly punched in the face.

So guys who just got in, don't bitch about a little correction. You bought Bitcoin, not a bank fixed deposit.

Submitted November 26, 2020 at 02:15PM by thecryptomask https://ift.tt/2V7tmiU https://ift.tt/2Z7cX2s

Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC

Bitcoin price fell short of reaching $20,000, but record high open interest on BTC futures shows pros are still bullish. 1251 Total views. 7 Total shares.

from Google Alert - Bitcoin https://ift.tt/3676hDp

Bitcoin Black Friday Is Back On November 27!

This year's celebration marks the incredible amount of progress that Bitcoin has made as a payments technology, with technical deployments like the ...

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RBA eyes wave of digital sovereign currencies

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“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.” – F.A. Hayek, 1984

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Submitted November 26, 2020 at 04:05PM by riskcapitalist https://ift.tt/2JlhJCA https://ift.tt/2Z7cX2s

New Research Suggests Satoshi Nakamoto Lived in London Creating Bitcoin

The hunt for the mysterious Bitcoin inventor, Satoshi Nakamoto continues to this day, as new data-driven research has been recently deployed in order to figure out the creator’s location while he/she or they worked on the network. The researchers analyzed Satoshi’s 539 Bitcointalk posts, 34 emails, 169 code commits, metadata from all the versions of bitcoin he worked on, the genesis block data, and archived data from the Wayback Machine.

Report Suggests Satoshi Nakamoto Lived in London While Creating Bitcoin

To this very day, the world is still clueless about the identity of Satoshi Nakamoto, the creator of the first cryptocurrency network Bitcoin. Just recently, research stemming from The Chain Bulletin published an editorial that attempts to hone in on Satoshi Nakamoto’s location during the creation of the world’s first blockchain.

On November 23, 2020, the author Doncho Karaivanov explains researchers combed through “Satoshi’s Bitcointalk posts, Sourceforge commits, and emails, along with other available data.” According to the research, the data points to “the most likely place the anonymous inventor of Bitcoin called home – London.”

Karaivanov says the research is data-driven and relies on timestamps that cover approximately “742 activity instances from 206 days (not consecutive).” The timestamped documentation started on Halloween on October 31, 2008, and statistics end on December 13, 2010, which was the last time the community heard from Satoshi. The researchers compiled scatter charts based on suspected time zones in order to see when Bitcoin’s mysterious inventor was awake and active.

“Common suspect locations are the UK (GMT), US Eastern (EST), US Pacific (PST), Japan (JST), and Australia (AEST),” Karaivanov’s study details. “The last two were easy to debunk, but the first three prospects needed further examination.”

“Scatter chart of Satoshi Nakamoto’s Bitcointalk activity, from his first post on November 22, 2009, to his last one on December 12, 2010, based on [the] day of the week and time of day in the Europe/London time zone,” Karaivanov states.

During the course of Satoshi’s online activity, the researchers also note that Nakamoto posted a total of 539 times on the website forum bitcointalk.org. “Looking at this data alone, we cannot determine, beyond a reasonable doubt, which time zone Satoshi lived in,” Karaivanov’s report stresses.

On Sourceforge, a code repository web portal where the Bitcoin code was once stored, Satoshi deployed 169 commits during that period of time. Again the researchers used scatter charts based on specific time zones to analyze Satoshi’s commit activity, which has proof timestamps in UTC.

Similarly, the commit charts just like the Bitcointalk post charts, are consistent and Karaivanov notes that they don’t leave a smoking gun in any of the plausible regions. Then the researchers charted Satoshi’s bulk of email activity which alone did not leave any hard evidence. However, by merging all the data from the Bitcointalk posts, commits, and emails the data starts to deduce that Satoshi’s home location wasn’t in Japan or Australia.

Bitcoin’s Genesis Block: ‘Chancellor on Brink of Second Bailout for Banks’

The biggest clue that points to Satoshi stemming from London resided in the genesis block’s initial message taken from The Times (Times of London) newspaper issue on January 3, 2009.

The Chain Bulletin’s contributor Doncho Karaivanov’s biggest clue stems from the message Satoshi Nakamoto left in the genesis block created on January 3, 2009. The message originated from this Times of London headline which did not appear anywhere else except in the UK.

According to the researchers they deduct that Nakamoto could not have seen the Times of London headline, if the inventor was located in the United States. “This exact issue of The Times did not circulate in the United States,” Karaivanov wrote.

Karaivanov says that it would be “extremely unlikely” that the front page of the U.S. edition was formatted in the same way, as it would be entirely different than the Times of London headline in the UK. Moreover, the newspaper did have an online version of the story, but the headline was written in a completely different way. That specific online article said: “Chancellor Alistair Darling on brink of second bailout for banks.”

An image of the genesis block message which says: “The Times 03/Jan/2009 Chancellor on Brink of Second Bailout for Banks.”

The genesis block data tips the scales “heavily in favor of the GMT time zone,” the author insists. “This is without mentioning all the clues that point to Satoshi being British, like his spelling of endings with -ise instead of -ize and -our instead of -or, e.g., analyse, organise, neighbour, colour, etc,” Karaivanov’s study concludes. “Then there’s his use of the word bloody. More specifically, we not only think he is British, but that he also lived in London while working on Bitcoin.”

Karaivanov also concedes by saying that it is impossible to say with “absolute certainty” that London was the precise location. “However, we can say, with reasonable confidence, that he was located in London,” the researcher added.

Satoshi Time Zone Studies from 2011 and 2018

Karaivanov’s research is not the first time Satoshi clues have been uncovered by researching specific time zones in comparison with Nakamoto’s known online activity. In February 2018, another data-driven research study called “The Time Zones of Satoshi Nakamoto,” also attempted to uncover Nakamoto’s location during the creation of Bitcoin as well.

For instance, the report highlights an early draft of the Bitcoin paper and the paper’s online metadata. Alongside this, they looked at the metadata tied to the bitcoin.org/bitcoin.pdf Nakamoto also created. Combining the two timestamp values, indicates the computer Satoshi used to do these things online was set to ‘Mountain Time Zone’ in the United States.

The February 2018 study called “The Time Zones of Satoshi Nakamoto.”

But the 2018 paper about Satoshi’s time zones is a bit more inconclusive, as there are multiple timestamps that show Satoshi could’ve been located in a myriad of regions. For example, the 2018 study also says that Satoshi’s commits indicate his computer leveraged “British Summer Time” timestamps.

“The Time Zones of Satoshi Nakamoto” review also highlights an analysis of Nakamoto’s hourly activity that was published in 2011. That specific research from 2011 concludes that Satoshi must have lived in an EST time zone in the U.S. The 2018 investigation alludes to circumstantial evidence that Satoshi was a “night owl” and regularly pulled all-nighters online. Most of Nakamoto’s all-nighter periods took place in the “summer of 2010 and the month of February.”

The armchair sleuth, ‘In Search Of Satoshi’ noted that Satoshi Nakamoto had a spurt of all-nighters and crammed to get bitcoin complete like a student rushing to study for a final exam.

Satoshi’s All Nighters and Cramming to Get Bitcoin Complete

One of the most compelling findings in the 2018 research suggests that Satoshi rushed toward the end of his task, after taking a brief period of time off from the Bitcoin project. The findings show that Nakamoto put little to no activity into anything Bitcoin-related during the 2010 months of March, April, and May. Then, all of a sudden, in the summer of 2010, there was a huge burst of online activity from Bitcoin’s creator.

“This is the behaviour of someone who at the end of February found himself with an all-consuming task to complete by the end of May and then had practically unlimited free time, including the latitude to work into the small hours of the night, until the following October,” the armchair detective dubbed ‘In Search Of Satoshi’ concluded on February 13, 2018.

The latest 2020 research suggesting that Satoshi lived in London and the 2018 research does show evidence weighs heavier toward a UK-based home location. In the opinion of Karaivanov and his team’s research, London definitely holds the highest probability.

“Put together, his writing style, his activity pattern, and the Genesis block message, blatantly points to the capital of England as the most likely candidate,” Karaivanov’s findings deduce.

Meanwhile, a number of cryptocurrency advocates discussed Karaivanov’s time zone study and questioned the reliability of his findings. For example, Jorge Stolfi, a professor of computer science commented on the theory after the study was published on the Reddit forum r/btc.

Stolfi said the “’London’ hypothesis implies that he worked on bitcoin straight from 17:00 to 03:00 without dinner. The ‘US/Eastern’ hypothesis would imply that he started working on it at noon and had dinner after about 22:00. The “US/Western” hypothesis would imply that he worked all day from 08:00 to about 20:00 and practically did not work after dinner.”

Stolfi added:

While all these are possible, if anything this data would confirm that he was in the US, probably in the Western part during that time — agreeing with the PDF metadata.

What do you think about the study that assumes Satoshi lived in London while creating Bitcoin? Let us know what you think about this enigmatic subject in the comments section below.

The post New Research Suggests Satoshi Nakamoto Lived in London Creating Bitcoin appeared first on Bitcoin News.

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