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Thursday, September 30, 2021

4 Reasons to Believe Cryptocurrencies Are Here to Stay - Finovate

... and CBDCs, on the topic of blockchain technology, cryptocurrencies, and the potential traction both are gaining within mainstream finance.

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Hiring Frenzy In Crypto Industry Even As Regulators Tighten Oversight - NDTV.com

On LinkedIn, paid U.S. job postings with keywords like “cryptocurrency” and “blockchain” were up more than 600 per cent from the previous year as of Aug. 1 and ...

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Blockchain, Bitcoin & Cryptocurrency 30+ Best & Free courses - EDU ACTIVE

Here is the list of Best Blockchain, Bitcoin, Cryptocurrency online certification courses from top universites/ online education providers (Udemy, Coursera, ...

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BTC045: Luke Gromen on China, Evergrande, Macro, & Bitcoin - Apple Podcasts

Preston Pysh and Luke Gromen discuss all major macro economic themes happening in the world right now. At the end of the conversation they talk about Bitcoin.

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Cryptocurrency Prices Today On September 30: Bitcoin Up More Than 2% - Moneycontrol

The total cryptocurrency market volume over the last 24 hours is $91.84 billion, a decline of 0.07 percent. Bitcoin's price is currently Rs 33.5 lakh and its ...

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Bitcoin private key regex

bitcoin private key regex It can be a string of 256 ones and zeros (32 * 8 = 256) or 100 dice rolls. bitcoin private key generator.

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CORRECTION FROM SOURCE: Canada Computational Unlimited Corp. Announces Early ...

On June 30, 2019, CCU entered into bitcoin loan agreements (the "BTC Loan Agreements") pursuant to which it borrowed a total of 118.4743 bitcoins ("BTC") ...

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El Salvador's troubled Bitcoin experiment gains attention - Chinadaily.com.cn

Within weeks of El Salvador becoming the first country in the world to adopt the cryptocurrency Bitcoin as legal tender, the experiment has already run into ...

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Billionaire Venture Capitalist Believes Gold Has Met Its Match in Bitcoin - Yahoo Finance

One billionaire venture capitalist has weighed in on the bitcoin vs. gold debate. Chamath Palihapitiya, CEO of Social Capital, said during CNBC's Delivering ...

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Department of Labor Teases Cryptocurrency Interest - Lexology

Cryptocurrency Options in Investment Lineups? There have been recent reports of interest in cryptocurrency investing by at least some ERISA plans, including ...

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Top cryptocurrency prices today: Binance Coin, XRP, Ethereum gain up 12% - The Economic Times

New Delhi: Cryptocurrencies were trading higher on Thursday as volatility eased down in global markets and investors fancy riskier asset classes.

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Cardano is no longer the world's third largest cryptocurrency | Business Insider India

Cryptocurrency Cardano has lost its crown being the 'third largest player in market. · Stablecoin Tether has now taken its place instead. · The gap between has ...

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HODL is a strategy only works if your coins will suceed in the future

Okay I have a confession to make. I used to invest on shitcoins, scamcoins, lottery and charity coins, etc. This is during May. One of my biggest success was Bonfire, I invested ~$100 when the market cap was $20mil and watch it grow to $500mil in a matter of a week.

My $100 became close to $3,000 but ofcourse I didn't sell a dime because the roadmap is crazy good (duh) and the AMA was reassuring. Then the May crash happened. I watch my investment shrunk to $2,000 then to $1,000 and then back to my original investment. I felt terrible but who will sell just to breakeven right? Even more so their telegram group scream "HODL" in solidarity which encourages me to wait it out.

Fast forward in Sept, just 2 weeks ago the devs announced that they will abandon the project and create a new token instead. This is because they can not change the transaction tax and creating NFT marketplace inside the ecosystem would not be feasible by it. In the light of such news the price dumps even more. What worse is that the devs did not promise to issue 1:1 migration which should at least help ease the current holders pain, they just say "fuck it, you are on your own. We sold our bags and move on."

Safe to say I won't be selling my now $20 worth of coins but you should not feel discouraged to take profit here and there especially if what you're investing is a shitcoins or really small cap coins no matter how bullish or how much faith you have in the project. I lost money but that doesn't mean you have to as well. sometimes HODLING will leave you to become eternal HODLER.



Submitted September 29, 2021 at 08:53PM by LebornVsMikeShinoda https://ift.tt/3mb0of9 https://ift.tt/2Z7cX2s

EverRise Brings Buyback Token and Ecosystem of dApps to Polygon and Ethereum

EverRise Brings Buyback Token and Ecosystem of dApps to Polygon and Ethereum

PRESS RELEASE. Singapore, September 30, 2021. Less than three weeks after releasing its first dApp EverOwn for Binance Smart Chain, EverRise is proud to announce they will launch EverBridge to both the Ethereum and Polygon blockchains on October 5th. With EverBridge, EverRise will make its revolutionary suite of dApps available to projects on both networks starting with EverOwn for Ethereum on October 5th, followed by EverOwn for Polygon on October 8th. This will expand the reach of EverRise’s security solutions and enable the $RISE token to be traded and utilized across all three networks.

“This is an exciting time for us to expand the EverRise Ecosystem and also introduce improvements to our project. This bridge allows us to take the dApps and blockchain solutions we have been building and make them more accessible to all developers on the Binance Smart Chain, Polygon, and Ethereum networks,” said Suresh Maddineni, EverRise CEO and Founder.

Keeping with the standard of being security pioneers in the DeFi space, EverRise is bringing a novel approach to the cross-chain bridge concept to protect $RISE holders. Typically tokens are minted and burned as they move between chains, but EverRise is creating new smart contracts and locking the supply within the bridge: allowing holders to transfer tokens on one chain to the bridge and receive tokens on another chain without paying a transaction tax beyond gas fees. This locking and unlocking mechanism on the bridge makes it impossible for hackers to exploit a mint function to mint an infinite number of tokens while keeping the circulating supply the same across the three different networks– effectively creating three different $RISE pairings with one circulating supply.

When EverRise launched on June 15, 2021, the project immediately became famous for being the first to introduce the concept of a strategic buyback to crypto and has been forked thousands of times. With EverBridge, EverRise will introduce separate Strategic Buyback Reserves and automatic buyback functions to each network. Like on BSC, the Ethereum and Polygon Strategic Buyback Reserves will be locked and only able to buy and burn $RISE tokens on the respective network and debut a new feature of the ability to swap the native coin in the reserves for a stable coin.

New trading pairs of RISE/ETH and RISE/MATIC will have their initial liquidity funded by EverRise and will be fair launched on October 5th, 2021 with no presale. Users will be able to trade the ETH backed pair on Uniswap and the MATIC backed pair on QuickSwap.

RISE/ETH – Tokenomics – 6% Tax

1% Rewards to Holders

2% Project Sustainability: Operations, Marketing, Development

3% Buyback Strategic Funds

RISE/MATIC – Tokenomics – 11% Tax (Same tax as Binance Smart Chain)

2% Rewards to Holders

3% Project Sustainability: Operations, Marketing, Development

6% Buyback Strategic Funds

EverRise will also be making EverBridge available to projects on the Binance Smart Chain, Ethereum, and Polygon looking to access the other blockchains without the hassle of developing their own bridge. Projects interested in utilizing EverBridge can contact the EverRise team at partnerships@everrise.com

 

About EverRise

A blockchain technology start-up committed to bringing security solutions to the DeFi space through an ecosystem of decentralized applications (dApps). EverRise was the first token to bring the buyback to cryptocurrency with the novel function that purchases tokens from the open market and immediately burns them. $RISE tokens are required to utilize their dApps, with EverOwn released in September and more coming soon. EverRise aims to bring additional levels of trust, safety, and security to Binance Smart Chain, Ethereum, and Polygon space.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



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Submitted September 29, 2021 at 09:49PM by Feb2nd2022 https://ift.tt/3ijWeAJ https://ift.tt/2Z7cX2s

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Gasoline price in El Salvador will now be $0.20 cheaper if bought with Bitcoin

https://twitter.com/nayibbukele/status/1443410462129983490

Submitted September 29, 2021 at 10:31PM by Juankestein https://ift.tt/3zRMD9V https://ift.tt/2Z7cX2s

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Daily Discussion, September 30, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted September 30, 2021 at 12:04AM by rBitcoinMod https://ift.tt/3AUx0QF https://ift.tt/2Z7cX2s

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4 Reasons to Believe Cryptocurrencies Are Here to Stay - Finovate

... and CBDCs, on the topic of blockchain technology, cryptocurrencies, and the potential traction both are gaining within mainstream finance.

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Hiring Frenzy In Crypto Industry Even As Regulators Tighten Oversight - NDTV.com

On LinkedIn, paid U.S. job postings with keywords like “cryptocurrency” and “blockchain” were up more than 600 per cent from the previous year as of Aug. 1 and ...

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Blockchain, Bitcoin & Cryptocurrency 30+ Best & Free courses - EDU ACTIVE

Here is the list of Best Blockchain, Bitcoin, Cryptocurrency online certification courses from top universites/ online education providers (Udemy, Coursera, ...

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those who thought btc was going to 10k be like:

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Submitted September 29, 2021 at 09:49PM by Feb2nd2022 https://ift.tt/3ijWeAJ https://ift.tt/2Z7cX2s

Gasoline price in El Salvador will now be $0.20 cheaper if bought with Bitcoin

https://twitter.com/nayibbukele/status/1443410462129983490

Submitted September 29, 2021 at 10:31PM by Juankestein https://ift.tt/3zRMD9V https://ift.tt/2Z7cX2s

Daily Discussion, September 30, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted September 30, 2021 at 12:04AM by rBitcoinMod https://ift.tt/3AUx0QF https://ift.tt/2Z7cX2s

Wednesday, September 29, 2021

Antminer S19pro 110th/s ASIC Miner Bitcoin Miner 3250W BTC Bitcoin Mining Machine Include PSU

We will ship from china by dhl 5-8 days deliver, and if there is any custom fee, we will afford for you and refund by amazon,Brand New Asic Bitcoin Miner ...

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Cryptocurrency prices today: Bitcoin, ether, dogecoin under pressure. Check latest rates - Mint

In cryptocurrencies, Bitcoin prices today slumped just below $42,000 as it was trading over 1% lower at $41,955. The world's largest cryptocurrency by ...

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Cryptocurrencies Price Prediction: Polkadot, Axie Infity & Ethereum — Asian Wrap 29 Sep - FXStreet

However, danger caution should remain if the broader cryptocurrency market continues to weaken and becomes exceedingly bearish.

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Celo on Twitter: "Cryptocurrencies and the underlying blockchain technology are ...

Cryptocurrencies and the underlying blockchain technology are changing the DNA of global finance. Today, @Forbes and @CeloOrg are chatting with central bank ...

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China's cryptocurrency ban: What it means for Bitcoin, Coinbase and the US - CNET

The Chinese government has long been dubious of cryptocurrency, so the move to ban it outright isn't entirely surprising. Below, we break down the ...

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The #1 reason we won’t be entering a bear market

Okay so I see speculation that we’re entering a bear market, but I also see “analysts” saying we’re still in the Bull. - Here’s my analysis, it’s probably the best one yet. Here’s why we’re not entering a bear market. - Winter is coming, yes. Winter will be here shortly, therefore it’s bullish. Why is it bullish? Bears hibernate during winter. - Therefore they cannot short anything during hibernation, therefore only bulls can long and pump everything. - Therefore, winter is going to be the most bullish time for us. Sometimes you need to take a step back from “golden crosses” and “death crosses” and just do some studies on nature bruh.



Submitted September 28, 2021 at 10:55PM by Kingkong_smoldong https://ift.tt/2YcqEhb https://ift.tt/2Z7cX2s

Bitcoin: Moment Of Truth | Seeking Alpha

Bitcoin has almost regained what it lost last week. It is showing resilience. It is trading around the weekly average price of 43687.

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36% of South Africans Are Keen To Invest in Cryptocurrencies, KLA Reports - The Daily Hodl

The discussion on cryptocurrency investment is a moot point. While proponents of crypto investment are considered risk-takers, the critics argue the ...

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Elon Musk Wants US Regulators To Let Cryptocurrency 'Fly': Report - NDTV.com

Tesla chief executive Elon Musk thinks US regulators should take cryptocurrency out of their crosshairs, leaving it free to 'fly', he told a conference in ...

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Five Ways Crypto “Disrupts” Silicon Valley—and Innovation Itself

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Share your Ticker Setup

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Submitted September 28, 2021 at 11:30PM by osem23 https://ift.tt/3oi5pp6 https://ift.tt/2Z7cX2s

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Jane Manchun Wong on Twitter: "What are some good non-custodial Bitcoin mobile wallet? I ...

I've been using Rainbow and MetaMask for the Ethereum sphere for quite sometime and I'm wondering if there are Bitcoin equivalents. Thanks!" / Twitter ...

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A summary from my 100 hours of learning Bitcoin

Warning: It will be long, but I tried to write it in the most simple language possible

Does bitcoin have intrinsic value?

Imagine this: If people hire an army to guard a vault full of gold and lots of people to count the gold coming in and out, making sure the truth is maintained, and gold could be sent in and out of the vault, at the speed of light, does this have value?

Now think about this: If the vault only hire 3 guards with a few guns and one person to keep the count, would you trust your life saving in it?

When you hear on the news that Bitcoin is using more energy than Finland, what they actually mean is: If Finland were to spend a huge amount of money to buy mining rigs and divert all its energy to attack this Bitcoin vault, Finland would lose. The truth will still be kept, your money is intact.

The “Bitcoin vault” has one of the strongest defend “army” in the world nowadays in the form of energy. It also has hundred of thousand of computers keeping count, so value can go from one place to another 24/7/365 at the speed of light.

Wouldn’t it still be a huge waste of energy though?

Yes, so here’s the “catch”: The vault has been using a lot of its defense energy from common sources such as coals, gas, solar, wind, etc, very similar to what we are using in our home today. But it doesn’t have to.

There is a lot of “trapped” energy too far away from towns and cities for human to make use of. Think about geothermal energy sources next to volcanos. If we were to harvest electricity there and build power cables to lead it all the way to our cities, there will be almost no power left when it arrives because of the long distance travel. Now imagine you can “hire” that renewable energy army to guard the vault by harvesting electricity very close to the volcano.

That’s what the recent and near future of bitcoin defense will look like. One of its “intrinsic” value is the army of defense the size of nations, to make sure no one can tamper with the record and the value it’s holding inside.

What real life applications are there?

There are four main applications for Bitcoin in my opinion:

First: A store of value

For normal middle class people like you and I, if we are lucky and live in a well run country where inflation is about 2-5% a year, after 30-35 years of working and saving, our life savings in cash would lose about 50-80% of its value.

For 1.4 billion people who is currently living in not so well run countries where inflation is about 10% a year, after working and saving their whole lives, their saving would lose 98% of value at retirement.

Note that many people like myself can access ETFs and other investment vehicles, many people in less developed countries can’t. The more money their government print, the more diluted and valueless their bank account becomes. People’s live savings chipping away in their sleeps, a small piece at a time.

Fiat is money governments can print but you and I can’t. Bitcoin is money you and I can’t print, and no one else can print either. There is 21 million coins and that’s it. 21 millions coins under the best defense army in the world. It will help act as a store of value for many people, especially people living in high inflation or hyper inflation countries.

Second: Big payments, country to country, think a huge shipping boat with thousands of containers kind of payments.

It is tough to manage big payments in the tens and hundreds of millions of dollars. Imagine a company in Vietnam selling to a company in Finland, many banks need to be in the middle, they all need to work very hard, plus trust each other because it is hard to convert trillions of Vietnam Dongs into tens of millions of Euros and it will cost a lot of money.

One transaction in Bitcoin costs about $5 today for any amount, even a billion dollar. Because of the above mention army of security and hundred of thousands of computers keeping watch, no trust is needed between banks, a billion can go from Asia to Europe in about 10 minutes.

“$5 dollars are a lot of money for a small transaction though. Wouldn’t it make bitcoin not practical as a currency for small payments”

Yes, you are right, layer 1 of Bitcoin is not practical for small payments, this is what you might have heard a lot on the news: “only 7 transactions per second, not usable for every day use, too high fee, etc”

What many people missed is: layer 1 is not meant to be used for everyday transactions. Just like the Visa or Mastercard networks are layer 2 that were built on top of layer 1 which are clearing banks/houses. Clearing banks handle millions at the end of the day or week between banks and nations. Visa and Mastercard operate on top of this layer and keep count of small transactions.

The lightning network has been acting as Bitcoin layer 2 that is powering everyday transactions. While Visa is said to be capable of handling 24,000 transactions per second, lightning can handle millions. It is also borderless and decentralized, with the capability to power micro transactions at zero cost.

Third: Micro transactions, powering new business models

Jack Dorsey, CEO of Twitter said that if he had bitcoin and lightning back in the day, he wouldn’t have run Twitter on an advertisement model. Why?

It was close to impossible to charge people 1 cent for watching a video or for using Twitter for 5 minutes. It was impossible to do that when the users are in many different countries. The solution was then to sell ads, every time you watch and ad, Twitter charges the business that runs the ad 1p, at the end of the day after showing ads to tens of thousands of people, Twitter charges the business a few hundred dollars.

Bitcoin and lightning change this.

Imagine the new businesses models that could be powered by micropayments. Lightning made it possible.

Last but not least, bank the unbanked

I have been rather lucky to live in a big city in the UK that is served by many banks. However, it is not always the case in poorer and more remote area of the world. Some people I know back in Vietnam never had a bank account in their lives, some never will. They are deemed to poor and too unimportant to be served by banks.

Bitcoin and lightning network mean that anyone in the world today with a phone and internet access can own a bitcoin “bank account”, can participate in the “gold vault in the sky” without discrimination, without having to prove that they are credit worthy to be served, all within about 2 minutes.

Bitcoin and lightning network mean that small business owners can start charging and receiving payments for their little street side business almost instantly without applying at the bank, without having a proof of credit, without installing and paying for any card machines.

There are so many businesses and applications being built on top of Bitcoin and Lightning by amazing people globally. I am learning every day but still I couldn’t keep up with the space of innovation in this area. I will keep sharing my knowledge as I learn more.



Submitted September 28, 2021 at 05:31PM by JunoKat https://ift.tt/3umUkUp https://ift.tt/2Z7cX2s

Daily Discussion, September 29, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted September 29, 2021 at 12:06AM by rBitcoinMod https://ift.tt/3ofDdTw https://ift.tt/2Z7cX2s

Pan-African Exchange Yellow Card Raises $15 Million in Latest Funding Round

Yellow Card, an Africa-focused crypto exchange platform, recently announced a capital raise of $15 million from its Series A funding round. The capital raise, which is Yellow Card’s largest, was led by Valar Ventures, Third Prime, and Castle Island Ventures. Square, Coinbase Ventures, and Blockchain.com Ventures also participated in the round.

Making Cryptocurrencies Accessible

According to the exchange platform’s blog post, part of the funds raised will be used to “ramp up hiring and continue its expansion across the continent.” On the other hand, Chris Maurice, founder and CEO of Yellow Card, said he expects the latest capital raise to help the fintech realize its goal of making cryptocurrencies accessible to everyone. Maurice said:

Our mission has always been to make cryptocurrency accessible anywhere and everywhere across the African continent. Now, we have the backing to make that a reality, alongside an amazing team of investors who share our vision.

Prior to raising the $15 million, Yellow Card already had “a presence in 12 countries [and] 110 employees across 16 countries.” This footprint is likely one of the reasons why the exchange platform was able to record “a nearly 30X increase in users across Africa since the start of the Pandemic.”

Capital Raise Highlights Investors’ Positive Perception of Africa

The same blog post also quotes James Fitzgerald of Valar Ventures explaining why his organization is betting on Yellow Card. Fitzgerald said:

“Africa is poised to benefit tremendously from cryptocurrency’s potential to transform financial services. We believe in Yellow Card’s vision of a Pan-African cryptocurrency platform. What cemented the deal is their multi-national team, which we believe has the local knowledge, technical expertise, and unequivocal passion to address the basic financial services needs of the continent.”

Although Africa is widely seen as the ideal market for cryptocurrencies, regulatory uncertainty and continuing reports of regulator pushback make the continent a risky investment destination. However, this lack of clarity has not stopped fintech start-ups like Yellow Card from expanding their operations.

In fact, as Munachi Ogueke, Yellow Card’s chief bitcoin officer concludes, the start-up’s $15 million capital raise itself is “a validation that Africa has a major place in the crypto industry.” The statement suggests the fintech start-up is not presently overly concerned with this lack of clarity or certainty. Instead, Yellow Card is more focused on its goal of becoming “a reliable enabler for people across the continent.”

What are your views on Yellow Card’s $15 million capital raise? Tell us what you think in the comments section below.



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Huobi-Backed SocialFi Platform, Torum to Make Social Metaverses a Reality With Avatar NFTs

PRESS RELEASE. Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform.

29th September 2021, Kuala Lumpur, Malaysia Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and the world’s first-ever social-integrated Avatar NFT, following a strategic investment from Huobi Ventures back in August 2021.

Torum SocialFi Platform

The conceptualization and creation of metaverses has been on the rise since the explosion of the NFT market, and Torum is leading the social side of this emerging industry with its Huobi-backed SocialFi platform and ecosystem.

The Malaysian-based SocialFi platform has decided to take the lead and build a Social Metaverse within the crypto and blockchain industry. This evolution will kick off from the launch of the world’s first-ever social-integrated Avatar NFT.

Meet your Metaverse Identity

Powered by Binance Smart Chain, Torum is releasing 21 sets of Genesis Avatar NFTs that are designed with custom themes and popular cultural references. Each avatar represents a one-and-only identity in the Torum metaverse, joined by over 115,000 other users. The BEP-1155 Avatar NFT is created by combining 6 different types of Avatar pieces of different rarity, which are only obtained through the Torum Genesis Blind Box NFT.

There are more than 85 million Avatar variations to be explored, allowing the community to express their full inner creativity. As the Avatar NFT is integrated directly into Torum, the owner can use the Avatar as a socialized metaverse profile, bringing the combination of “Social + NFT” concepts into life.

Genesis Blind Box NFT

Each blind box contains one unit of Avatar NFT piece that is used to assemble a full Avatar NFT set and can only be purchased using the native token of Torum, XTM. To ensure equal opportunities for everyone, the chance of each NFT drop is completely fair and transparent as the total supply is pre-determined through smart contracts, and traceable via blockchain.

Every XTM spent in the blind box purchase will be burned from the total token supply forever. As the circulating supply of XTM is reduced, it creates a win-win situation for every party in a wholesome metaverse economy.

Gateway to Crypto Social Metaverse

As the metaverse concept is still in its infancy stage, there is a massive untapped potential for a socialized metaverse. The Avatar integration is a perfect scenario of how Torum can unleash the possibility of owning a Metaverse identity on social media platforms.

The Avatar NFTs and NFT pieces unlocked from the blind box can also be listed and traded on Torum NFT Marketplace upon availability. The swift and flexible approach of the multi-chain SocialFi project has also led to the integration of DeFi and crypto marketing tools like Torum Finance and Torum Lounge respectively.

With over 115,000 registered users and Huobi Ventures behind its back, Torum is always ready to adapt and integrate any blockchain trend that emerges in the crypto industry, including Metaverse.

 

Torum Socials

Website | Twitter | Telegram | Medium | Facebook

 

Media Contact Details

Contact Name: Jayson Tan

Contact Email: hello@torum.com

 

Torum is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



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Antminer S19pro 110th/s ASIC Miner Bitcoin Miner 3250W BTC Bitcoin Mining Machine Include PSU

We will ship from china by dhl 5-8 days deliver, and if there is any custom fee, we will afford for you and refund by amazon,Brand New Asic Bitcoin Miner ...

from Google Alert - Bitcoin https://ift.tt/3CRQu95

Bitcoin: Moment Of Truth | Seeking Alpha

Bitcoin has almost regained what it lost last week. It is showing resilience. It is trading around the weekly average price of 43687.

from Google Alert - Bitcoin https://ift.tt/3zSZ5Gu

36% of South Africans Are Keen To Invest in Cryptocurrencies, KLA Reports - The Daily Hodl

The discussion on cryptocurrency investment is a moot point. While proponents of crypto investment are considered risk-takers, the critics argue the ...

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Elon Musk Wants US Regulators To Let Cryptocurrency 'Fly': Report - NDTV.com

Tesla chief executive Elon Musk thinks US regulators should take cryptocurrency out of their crosshairs, leaving it free to 'fly', he told a conference in ...

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Five Ways Crypto “Disrupts” Silicon Valley—and Innovation Itself

https://ift.tt/3EZBJTw

Submitted September 28, 2021 at 09:34PM by Fu_Man_Chu https://ift.tt/3me2ISS https://ift.tt/2Z7cX2s

Share your Ticker Setup

https://ift.tt/3zSwvoC

Submitted September 28, 2021 at 11:30PM by osem23 https://ift.tt/3oi5pp6 https://ift.tt/2Z7cX2s

Tuesday, September 28, 2021

Watch Cryptocurrency - Nuti-borre.it

Cryptocurrencies News & Prices | Markets Insider, Watch cryptocurrency. ... Watch FACT FOCUS: Walmart quashes cryptocurrency partnership declare – Google ...

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Cryptocurrency Archives - Business Cloud

News - Cryptocurrency. Crypto price update: Ethereum up, Bitcoin down over weekend. Smart contract blockchain platform Ethereum (ETH) is the only major ...

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Here's Everything You Need to Know About Cryptocurrency - HelloGiggles

Cryptocurrency is a digital currency. Unlike a dollar bill, crypto isn't tangible money you can stuff in your wallet or feed into a vending machine.

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Fed Chair Powell to warn Congress that inflation pressures could last longer than expected - plus the $3.5T Reconciliation Bill will also cost $0. (This is a major BUY signal to me)

https://ift.tt/3kNmg0w

Submitted September 27, 2021 at 09:14PM by thadiusb https://ift.tt/3oaWq8T https://ift.tt/2Z7cX2s

Refinable Lists on AscendEX

PRESS RELEASE. AscendEX, a global digital asset trading platform, is thrilled to announce the listing of the Refinable token (FINE) under the pair USDT/FINE on Sept. 28 at 1 p.m. UTC.

Refinable is an interactive, multi-chain capable NFT marketplace with a one-stop solution to create, discover, trade, and leverage NFTs for brands and creators. Refinable is the first NFT marketplace built on the Binance Smart Chain enabling users and established brands to interact with each other by leveraging NFTs.

Beyond standard marketplace features, Refinable’s strategy is quite different from other NFT marketplaces. They are actively talking to non-crypto companies to develop unique NFT engagements. Its community’s strength will differentiate the NFT marketplace on Refinable, and they believe the most engaged, long-lasting communities are those of existing and beloved brands. Refinable believes in the idea that each brand would bring with it a whole community of users. The main goal and long-term value proposition for Refinable is to onboard brands and their dedicated communities.

As gas prices continue to rise on the Ethereum chain, it is becoming prohibitively expensive for creators and traders alike. These high costs stymy artists’ creativity and willingness to engage with the technology. Beyond the general inaccessibility, brands also lack an easy onramp to work with NFTs.

Refinable is building on BSC to solve these issues, providing users and brands with cheaper and more efficient scalability options. Additionally, BSC offers smart contracts that Refinable will leverage for engagements between its users and brand partners. Building on BSC represents an untapped opportunity to drive customer engagement and reach new demographics. Overall, the decision to run Refinable on BSC creates an accessible environment for brands and users to start engaging with NFTs and like-minded communities.

FINE is the platform’s native token. Token holders can access membership tiers with more platform benefits such as discounted service fees. Users can spend FINE tokens to access certain platform features without membership requirements, such as priority listing. Furthermore, token holders can obtain governance privileges to suggest proposals and even moderate content on the platform.

AscendEX’s listing of the FINE token highlights its commitment to supporting the growth of the NFT ecosystem. FINE joins a long list of high-quality NFT based projects listed on AscendEX. You can find a list of NFT related listings HERE.

About AscendEX

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

 

About Refinable

Refinable is an interactive, multi-chain capable NFT marketplace that provides a one-stop solution to create, discover, trade, and leverage NFTs for brands and creators. Refinable is the first NFT marketplace built on Binance Smart Chain that enables individual users and established brands to interact by leveraging NFTs.

For more information and updates, please visit:

Website: www.refinable.com

Twitter: https://twitter.com/refinableapp

Telegram: https://t.me/refinablenft

Medium: https://refinable.medium.com/

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



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Push to regulate crypto could test limits of CFPB's power | American Banker

Many in the regulatory community believe the Consumer Financial Protection Bureau is gearing up to launch enforcement actions against cryptocurrency firms.

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from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3CJk54u
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What do you think about Stellar (XLM) being connected to Polygon?

I read an article today stating that NewsCrypto and Polygon will collaborate to improve interoperability and connect the Polygon and Stellar blockchains.

With energy efficiency being important nowadays, I personally like Stellar and also use XLM for crypto transfer with its fast and low energy usage per transaction despite the fact that XLM began as coins to transfer money between exchanges.

Pair that with polygon, which uses a revolutionary sidechain method to address some of Ethereum's constraints, such as throughput, bad user experience with high speed and delayed transactions, and a lack of community governance, you've got yourself a force to be reckoned with!

Due to the huge capacity of both blockchains, the Stellar-Polygon bridge allows for near-instantaneous swaps at nearly no costs which really sounds amazing! Also, by partnering with NewsCrypto, a further $10 billion in value in XLM will be unlocked for usage in DeFi.

In terms of transaction speed, XLM is by far one of the most underrated and promising payment-oriented blockchains currently available. They've developed a lot of relationships and have been diligently improving their network.

I believe that both Polygon and Stellars time to shine is approaching.



Submitted September 27, 2021 at 11:23PM by CarliEly https://ift.tt/3zT6rKo https://ift.tt/2Z7cX2s

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Weekly News Summaries - September 26, 2021 (GMT+0)

INTRODUCTION

Welcome to the Weekly News Summaries megathread. Why does this thread exist? Daily news summaries are not allowed anymore since they were viewed as excessive. In response, the mod team created the Weekly News Summaries megathread for consolidating all periodic news summaries. The goal is to level the playing field between contributors while also creating a convenient all-in-one format for readers to enjoy.

STRUCTURE

All r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will posted every Sunday at 12PM CST and pinned once a week if an open slot is available.

Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors will post content at their earliest convenience so it might be advantageous if you use the RES extension to subscribe to this thread and find out when content is posted.

APPROVED CONTRIBUTORS:

RECRUITING CONTRIBUTORS

If you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your own weekly news summaries as a separate post.

Be advised, this thread is experimental and a work in progress. Expect future changes.



Submitted September 26, 2021 at 01:00PM by CryptoNewsUpdates https://ift.tt/3ANgWAa https://ift.tt/2Z7cX2s

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I am a time traveler from the future, here to tell you to please keep going.

I am sending this message from the year 2089. Things have never been so good in all of human history, and some of you will still be here to see it.

If you don’t believe me, I don’t have the time to try to convince you, sorry.

I know you are all busy building, and I don’t want to waste your time, so I’ll simply explain what happened.

On average, every year, the value of a bitcoin continued to grow at an over 250% annualized return, that is, of course, until hyperbitcoinization began in earnest. Arguably, hyperbitcoinization began with the genesis block, but when the US government started printing trillions of dollars during the old pandemic of 2019, the world, en masse, began to lose faith in their unit of account, the US dollar.

The largest demographic in the US, the Baby Boomers, began retiring. They held most of their wealth in their homes and retirement accounts (mostly equities), and as they watched the financial markets and real estate pump and dump continuously, due to money printing and government handouts, tempered by schizophrenic fiscal policy, they realized there would eventually be no demand for their overpriced homes and Amazon stock (I’m not sure what this company did, but I’ve read about it being very large), and started to cash out.

This, coupled with small countries beginning to adopt Bitcoin as currency, led the way to broader de-dollarization. China, for a few years, attempted a digital Yuan, but a civil war ended their dream by destabilizing CBDC rollout, all the while debtor countries in the Chinese Belt and Road initiative realized they could simply convert their treasuries to Bitcoin, and clear their debts in the weakened Yuan currency after a year or two, thus securing their financial freedom.

Back in the US, all hell broke loose when Vanguard, Fidelity and Schwab started metering retirement account redemptions. I don’t want to oversimplify those years, but scams abounded and confusion was the norm. Many lost their life savings while others 500x-ed what they had by buying Bitcoin as soon as possible. In all, it became clear when the dust had settled, that the digital scarcity of Bitcoin was the enforceable unit of account.

One famous couple, whose son had been telling them to buy Bitcoin since 2020, lost everything in their retirement accounts. That is, until one Thanksgiving when he logged into the long forgotten Swan website and realized their auto DCA of $50 a week had been running continuously for the last 10 years. They quickly bought a plane ticket and moved to a Bitcoin Citadel community for their remaining years.

“What is a Citadel?” you might wonder.

The concept started as a term of art to describe a hard money response to the fiat world pre-BItcoin. Today you probably think of the ‘fiat world’ when you see over-processed foods, low quality imported products designed with planned obsolescence, or hyper bureaucratic organizations that seem to produce little. Those things are alien to us in my time, I’ve only read about them, but I believe you’ll understand what I mean when I mention them. The Citadel concept has become a cornerstone of Bitcoin and most people in my era see the concept of a Citadel as one of the following:

  1. The Personal Bitcoin Citadel: This is the high standard of personal care and sovereignty that Bitcoiners (everyone nowadays) hold themselves to. It includes working out, eating clean foods, maintaining healthy relationships, and working on emotional and spiritual betterment. With Bitcoin as a standard, people started to realize that they were extremely capable of taking care of themselves and dove in headfirst. The Personal Citadel movement extended outside of the self to the immediate family, one’s home, and one’s work/schooling environment. People became empowered by the responsibility of earning and holding their own wealth and developed a culture of protecting it while respecting what others had.
  2. The Bitcoin Citadel Community: These developed as both free and paid communities dedicated to both member improvement and extending the social mission of Bitcoin. Some organizations operated like what you would, in your time, call a ‘meetup group’, focused on particular skill development, self refinement or community issues, other organizations developed like what you would call ‘investment clubs’. After hyperbitcoinization many Bitcoiners, now extremely wealthy, dedicated their lives to allocating capital to the building of a refined hard money world. These groups operated on principles of non-aggression, decentralization, permissionless-ness and opting-in. Sometimes they were meant to generate income and other times they were pure donations. The best example I can use is when I once read about the great capitalists of the 20th century, who often spent the latter halves of their lives giving away what they had earned. You may know Max Keiser and Michael Saylor, these two men, upon becoming some of the wealthiest individuals to have ever existed, spent their later years in campaigns to bring self sovereignty, energy independence and universal education to the world. They are the reason every country on Earth now has both fully funded trade, liberal arts, and research institutions.
  3. The Physical Citadel Community: During and immediately after hyperbitcoinization, the building of physical citadels became extremely popular for early adopters seeking to ‘ride out’ the volatility and confusion that abounded. Some individuals lived in mountain homes with abundant security, some on tropical islands they purchased, and others simply bought entire city blocks and retrofitted them to become entirely self-sufficient. Many of the later adopters of Bitcoin initially hated these citadel builders, seeing them as elitists or isolationists, but as hyperbitcoinization completed, most came to understand that physical citadels were meant as protective and self-sustaining structures, and were never used to offensively harm or attack anyone. What’s more, many of these citadels, post hyperbitcoinization began operating on an ‘open door’ policy to provide shelter, food and health care to both average citizens looking for something to eat for lunch or somewhere to stay on a road trip, as well as the few impoverished who still struggle in our day and age.

Initially governments tried to fight hyperbitcoinization by ostracizing early Bitcoiners and maligning them as dissidents or radicals. The Federal Reserve printed tens of trillions of dollars and distributed them widely, thinking that they could turn the average person away from Bitcoin. This provoked serious inflation and this plan backfired egregiously when the federal government shot and killed 25 peaceful protesters who had assembled in front of the White House to advocate for banking the underbanked in America’s major cities with Bitcoin. After this event, it became clear to nearly everyone that they could not stand for a government that enacted violence on those trying to improve the lives of others.

As more and more individuals opted out, government receipts faltered. The US, flush with cash but lacking any purchasing power, capitulated and announced they were buying Bitcoin. This announcement, combined with the flood of Baby Boomers retiring and smaller countries opting for a Bitcoin Standard is still seen today as the moment Bitcoin had won a peaceful revolution.

After governments realized they could not defeat Bitcoin as a network, they became obsessed with energy production and chip manufacturing as a way to participate in the network. Geopolitical advantage went to the country who was able to produce massive amounts of energy at a low cost and with low environmental impact. Natural gas and oil consumption are non-existent in my day and age. Some people still drive around in vintage internal combustion vehicles, but that is seen as an expensive hobby because oil is so difficult to find. Today we use various forms of fission and fusion reactors to power everything from our homes and devices, to our cities, planes and ships . Our chips are 100,000 times faster than your fastest quantum computers and fit in handheld devices that never require charging.

What you might call my ‘cellphone’, the device I keep with me most often for communication, work and play, is running a full bitcoin node and mining bitcoin! It only generates three to six Sats a month. I chose this model, one of the most expensive in the market, because of the more powerful 350 tera-hash mining computer inside of it. It won’t pay for itself and is nowhere near as advanced as the 100,000 tera-hash units some of the larger energy companies have, but it is nice to have a few Sats a month to get lunch or go on a coffee date with.

Even the most staunch talking heads against Bitcoin capitulated when they saw what was happening in Africa, South America, and Southeast Asia. With the introduction of a hard money standard and near limitless energy and computing power available to all, slavery and government tyranny disappeared entirely as the demand for goods produced on these continents for ‘fiat’ products dried up. These locations in particular flourished immensely as their people were able to utilize their skills and resources at home, own their own wealth and labor, and keep the rewards nearby. Service markets that used to rely on geo-arbitrage like design, programming, marketing strategy or website building, became more equitable when everyone was transacting in a shared currency and governments around the world had to compete for citizens. Some later scholars interpreted this as a global redistribution of wealth, while others saw it as the major social turning, when governments across the world started to think of their citizens as customers to be served and not taxpayers to be audited.

You might wonder, what is our plan now? To say we live in a utopia is incomplete. Some individuals have attempted to use their newfound wealth to create militias, take over lands, or attack and rule over others. But, these types of attacks work less and less as the years go on and Bitcoin becomes more and more decentralized. As countries themselves fight mainly to innovate, they fight less and less to dominate. They focus more on serving their citizens and protecting fundamental rights. This has led to a mass de-radicalization of politics and media as businesses and governments insist on maintaining peace, otherwise their citizens will simply leave for a better country.

Of course, in some sense hyper-bitcoinization is not yet complete, but we are living in a far more just and peaceful world because of what you created in the early 2000s.

This is also the reason I contacted you.

Keep going. What you see now as a vision becomes a reality. I don’t know how to explain to you that it was all worth it, you won, and the human race itself has become something better for your work. I can’t imagine the difficulties that you have gone through, and the ones you are about to go through.

However, I have seen where it leads.

          - RW

NOTE: This is an homage to the original Citadel Reddit post HERE.

You can find a version of this same post at Bitcoin Magazine HERE.

Thanks so much for reading!



Submitted September 27, 2021 at 06:09PM by BikesandBitcoin https://ift.tt/3icWsJT https://ift.tt/2Z7cX2s

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Daily Discussion, September 28, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted September 28, 2021 at 12:02AM by rBitcoinMod https://ift.tt/3CV3hHY https://ift.tt/2Z7cX2s

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2ZtgjOc
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Bitcoin Lightning nodes and channels hit record highs - Cointelegraph

The node count for Bitcoin's leading layer-two solution, the Lightning Network (LN), has spiked to record levels following a surge of adoption.

from Google Alert - Bitcoin https://ift.tt/3F12Ehy

'White Dissidents' Raise Millions in Cryptocurrency - PBS

The Bitcoin logo appears on the screen of a cryptocurrency ATM in Salem, New Hampshire, on Feb. 9, 2021. Banned by banks, many far-right actors are raising ...

from Google Alert - Bitcoin https://ift.tt/3uk6bTb

Bitcoin mogul who predicted China ban says 'huge rally' coming | Asia Markets

The price of Bitcoin is on the cusp of a major end of year rally, according to prominent analyst Bobby Lee.

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

China Vs. Bitcoin: We're In The Endgame Now (BTC-USD) | Seeking Alpha

China has outright illegalized all Bitcoin and cryptocurrency transactions. · The CCP can't allow Bitcoin to thrive if it wants its digital yuan to succeed.

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

'White Dissidents' Raise Millions in Cryptocurrency - PBS

The Bitcoin logo appears on the screen of a cryptocurrency ATM in Salem, New Hampshire, on Feb. 9, 2021. Banned by banks, many far-right actors are raising ...

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Cryptocurrencies Are Considered a Bubble: From a Thoughtless Insult to a Gigantic ...

Asset Market bubbles involve entire sectors, like real estate, for example. Currencies like the US dollar or euro or cryptocurrencies like Bitcoin can also fall ...

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Cryptocurrency to be used as payment for upscale condominiums | News | Institutional Real ...

The condos available are located at Optima Camelview and within the iconic Scottsdale Waterfront Residences. They have a starting price of $1.6 million and the ...

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Push to regulate crypto could test limits of CFPB's power | American Banker

Many in the regulatory community believe the Consumer Financial Protection Bureau is gearing up to launch enforcement actions against cryptocurrency firms.

from #Bitcoinmovement https://ift.tt/39ODXGJ
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What do you think about Stellar (XLM) being connected to Polygon?

I read an article today stating that NewsCrypto and Polygon will collaborate to improve interoperability and connect the Polygon and Stellar blockchains.

With energy efficiency being important nowadays, I personally like Stellar and also use XLM for crypto transfer with its fast and low energy usage per transaction despite the fact that XLM began as coins to transfer money between exchanges.

Pair that with polygon, which uses a revolutionary sidechain method to address some of Ethereum's constraints, such as throughput, bad user experience with high speed and delayed transactions, and a lack of community governance, you've got yourself a force to be reckoned with!

Due to the huge capacity of both blockchains, the Stellar-Polygon bridge allows for near-instantaneous swaps at nearly no costs which really sounds amazing! Also, by partnering with NewsCrypto, a further $10 billion in value in XLM will be unlocked for usage in DeFi.

In terms of transaction speed, XLM is by far one of the most underrated and promising payment-oriented blockchains currently available. They've developed a lot of relationships and have been diligently improving their network.

I believe that both Polygon and Stellars time to shine is approaching.



Submitted September 27, 2021 at 11:23PM by CarliEly https://ift.tt/3zT6rKo https://ift.tt/2Z7cX2s

Weekly News Summaries - September 26, 2021 (GMT+0)

INTRODUCTION

Welcome to the Weekly News Summaries megathread. Why does this thread exist? Daily news summaries are not allowed anymore since they were viewed as excessive. In response, the mod team created the Weekly News Summaries megathread for consolidating all periodic news summaries. The goal is to level the playing field between contributors while also creating a convenient all-in-one format for readers to enjoy.

STRUCTURE

All r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will posted every Sunday at 12PM CST and pinned once a week if an open slot is available.

Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors will post content at their earliest convenience so it might be advantageous if you use the RES extension to subscribe to this thread and find out when content is posted.

APPROVED CONTRIBUTORS:

RECRUITING CONTRIBUTORS

If you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your own weekly news summaries as a separate post.

Be advised, this thread is experimental and a work in progress. Expect future changes.



Submitted September 26, 2021 at 01:00PM by CryptoNewsUpdates https://ift.tt/3ANgWAa https://ift.tt/2Z7cX2s

I am a time traveler from the future, here to tell you to please keep going.

I am sending this message from the year 2089. Things have never been so good in all of human history, and some of you will still be here to see it.

If you don’t believe me, I don’t have the time to try to convince you, sorry.

I know you are all busy building, and I don’t want to waste your time, so I’ll simply explain what happened.

On average, every year, the value of a bitcoin continued to grow at an over 250% annualized return, that is, of course, until hyperbitcoinization began in earnest. Arguably, hyperbitcoinization began with the genesis block, but when the US government started printing trillions of dollars during the old pandemic of 2019, the world, en masse, began to lose faith in their unit of account, the US dollar.

The largest demographic in the US, the Baby Boomers, began retiring. They held most of their wealth in their homes and retirement accounts (mostly equities), and as they watched the financial markets and real estate pump and dump continuously, due to money printing and government handouts, tempered by schizophrenic fiscal policy, they realized there would eventually be no demand for their overpriced homes and Amazon stock (I’m not sure what this company did, but I’ve read about it being very large), and started to cash out.

This, coupled with small countries beginning to adopt Bitcoin as currency, led the way to broader de-dollarization. China, for a few years, attempted a digital Yuan, but a civil war ended their dream by destabilizing CBDC rollout, all the while debtor countries in the Chinese Belt and Road initiative realized they could simply convert their treasuries to Bitcoin, and clear their debts in the weakened Yuan currency after a year or two, thus securing their financial freedom.

Back in the US, all hell broke loose when Vanguard, Fidelity and Schwab started metering retirement account redemptions. I don’t want to oversimplify those years, but scams abounded and confusion was the norm. Many lost their life savings while others 500x-ed what they had by buying Bitcoin as soon as possible. In all, it became clear when the dust had settled, that the digital scarcity of Bitcoin was the enforceable unit of account.

One famous couple, whose son had been telling them to buy Bitcoin since 2020, lost everything in their retirement accounts. That is, until one Thanksgiving when he logged into the long forgotten Swan website and realized their auto DCA of $50 a week had been running continuously for the last 10 years. They quickly bought a plane ticket and moved to a Bitcoin Citadel community for their remaining years.

“What is a Citadel?” you might wonder.

The concept started as a term of art to describe a hard money response to the fiat world pre-BItcoin. Today you probably think of the ‘fiat world’ when you see over-processed foods, low quality imported products designed with planned obsolescence, or hyper bureaucratic organizations that seem to produce little. Those things are alien to us in my time, I’ve only read about them, but I believe you’ll understand what I mean when I mention them. The Citadel concept has become a cornerstone of Bitcoin and most people in my era see the concept of a Citadel as one of the following:

  1. The Personal Bitcoin Citadel: This is the high standard of personal care and sovereignty that Bitcoiners (everyone nowadays) hold themselves to. It includes working out, eating clean foods, maintaining healthy relationships, and working on emotional and spiritual betterment. With Bitcoin as a standard, people started to realize that they were extremely capable of taking care of themselves and dove in headfirst. The Personal Citadel movement extended outside of the self to the immediate family, one’s home, and one’s work/schooling environment. People became empowered by the responsibility of earning and holding their own wealth and developed a culture of protecting it while respecting what others had.
  2. The Bitcoin Citadel Community: These developed as both free and paid communities dedicated to both member improvement and extending the social mission of Bitcoin. Some organizations operated like what you would, in your time, call a ‘meetup group’, focused on particular skill development, self refinement or community issues, other organizations developed like what you would call ‘investment clubs’. After hyperbitcoinization many Bitcoiners, now extremely wealthy, dedicated their lives to allocating capital to the building of a refined hard money world. These groups operated on principles of non-aggression, decentralization, permissionless-ness and opting-in. Sometimes they were meant to generate income and other times they were pure donations. The best example I can use is when I once read about the great capitalists of the 20th century, who often spent the latter halves of their lives giving away what they had earned. You may know Max Keiser and Michael Saylor, these two men, upon becoming some of the wealthiest individuals to have ever existed, spent their later years in campaigns to bring self sovereignty, energy independence and universal education to the world. They are the reason every country on Earth now has both fully funded trade, liberal arts, and research institutions.
  3. The Physical Citadel Community: During and immediately after hyperbitcoinization, the building of physical citadels became extremely popular for early adopters seeking to ‘ride out’ the volatility and confusion that abounded. Some individuals lived in mountain homes with abundant security, some on tropical islands they purchased, and others simply bought entire city blocks and retrofitted them to become entirely self-sufficient. Many of the later adopters of Bitcoin initially hated these citadel builders, seeing them as elitists or isolationists, but as hyperbitcoinization completed, most came to understand that physical citadels were meant as protective and self-sustaining structures, and were never used to offensively harm or attack anyone. What’s more, many of these citadels, post hyperbitcoinization began operating on an ‘open door’ policy to provide shelter, food and health care to both average citizens looking for something to eat for lunch or somewhere to stay on a road trip, as well as the few impoverished who still struggle in our day and age.

Initially governments tried to fight hyperbitcoinization by ostracizing early Bitcoiners and maligning them as dissidents or radicals. The Federal Reserve printed tens of trillions of dollars and distributed them widely, thinking that they could turn the average person away from Bitcoin. This provoked serious inflation and this plan backfired egregiously when the federal government shot and killed 25 peaceful protesters who had assembled in front of the White House to advocate for banking the underbanked in America’s major cities with Bitcoin. After this event, it became clear to nearly everyone that they could not stand for a government that enacted violence on those trying to improve the lives of others.

As more and more individuals opted out, government receipts faltered. The US, flush with cash but lacking any purchasing power, capitulated and announced they were buying Bitcoin. This announcement, combined with the flood of Baby Boomers retiring and smaller countries opting for a Bitcoin Standard is still seen today as the moment Bitcoin had won a peaceful revolution.

After governments realized they could not defeat Bitcoin as a network, they became obsessed with energy production and chip manufacturing as a way to participate in the network. Geopolitical advantage went to the country who was able to produce massive amounts of energy at a low cost and with low environmental impact. Natural gas and oil consumption are non-existent in my day and age. Some people still drive around in vintage internal combustion vehicles, but that is seen as an expensive hobby because oil is so difficult to find. Today we use various forms of fission and fusion reactors to power everything from our homes and devices, to our cities, planes and ships . Our chips are 100,000 times faster than your fastest quantum computers and fit in handheld devices that never require charging.

What you might call my ‘cellphone’, the device I keep with me most often for communication, work and play, is running a full bitcoin node and mining bitcoin! It only generates three to six Sats a month. I chose this model, one of the most expensive in the market, because of the more powerful 350 tera-hash mining computer inside of it. It won’t pay for itself and is nowhere near as advanced as the 100,000 tera-hash units some of the larger energy companies have, but it is nice to have a few Sats a month to get lunch or go on a coffee date with.

Even the most staunch talking heads against Bitcoin capitulated when they saw what was happening in Africa, South America, and Southeast Asia. With the introduction of a hard money standard and near limitless energy and computing power available to all, slavery and government tyranny disappeared entirely as the demand for goods produced on these continents for ‘fiat’ products dried up. These locations in particular flourished immensely as their people were able to utilize their skills and resources at home, own their own wealth and labor, and keep the rewards nearby. Service markets that used to rely on geo-arbitrage like design, programming, marketing strategy or website building, became more equitable when everyone was transacting in a shared currency and governments around the world had to compete for citizens. Some later scholars interpreted this as a global redistribution of wealth, while others saw it as the major social turning, when governments across the world started to think of their citizens as customers to be served and not taxpayers to be audited.

You might wonder, what is our plan now? To say we live in a utopia is incomplete. Some individuals have attempted to use their newfound wealth to create militias, take over lands, or attack and rule over others. But, these types of attacks work less and less as the years go on and Bitcoin becomes more and more decentralized. As countries themselves fight mainly to innovate, they fight less and less to dominate. They focus more on serving their citizens and protecting fundamental rights. This has led to a mass de-radicalization of politics and media as businesses and governments insist on maintaining peace, otherwise their citizens will simply leave for a better country.

Of course, in some sense hyper-bitcoinization is not yet complete, but we are living in a far more just and peaceful world because of what you created in the early 2000s.

This is also the reason I contacted you.

Keep going. What you see now as a vision becomes a reality. I don’t know how to explain to you that it was all worth it, you won, and the human race itself has become something better for your work. I can’t imagine the difficulties that you have gone through, and the ones you are about to go through.

However, I have seen where it leads.

          - RW

NOTE: This is an homage to the original Citadel Reddit post HERE.

You can find a version of this same post at Bitcoin Magazine HERE.

Thanks so much for reading!



Submitted September 27, 2021 at 06:09PM by BikesandBitcoin https://ift.tt/3icWsJT https://ift.tt/2Z7cX2s

Daily Discussion, September 28, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted September 28, 2021 at 12:02AM by rBitcoinMod https://ift.tt/3CV3hHY https://ift.tt/2Z7cX2s

Monday, September 27, 2021

Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown - Win 98.5

By Samuel Shen and Andrew Galbraith. SHANGHAI (Reuters) – Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties ...

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Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown - The ...

Shanghai: Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties with mainland Chinese clients, after Beijing last ...

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How Not to Lose Money in Crypto | NDTV Gadgets 360

How can you be a smarter crypto investor? Highlights. Cryptocurrency investing is gaining a lot of traction in India; The market is volatile and ...

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UPDATE 1-Crypto-linked stocks plunge in Hong Kong, bitcoin steadies - Yahoo Finance

However, cryptocurrencies traded firmly on Monday, having rebounded from selling driven by the Chinese crackdown as buy-the-dip speculators swooped in.

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Cryptocurrency-Trading Hamster Outperforms Bitcoin, S&P 500 Since June

hamster

A hamster that trades cryptocurrencies has been outperforming Bitcoin and the S&P 500 since June. The rodent, called Mr. Goxx, uses a device called the “goxx box,” to give signals and make purchases in front of the live streaming audience that follows him. Mr. Goxx has achieved an impressive current score of +24% and even got to +50% before the latest crypto selloff.

Crypto-Trading Hamster Performs Better Than S&P 500, Bitcoin

A cryptocurrency-trading hamster that streams trading signals through Twitch has been on a roll since June, outperforming fellow human traders and Bitcoin, with impressive gains of 24% over its starting portfolio. The rodent, called Mr. Goxx, uses a simple system built on top of an infrastructure called the goxx box, that allows him to pick a cryptocurrency and send a signal to the traders.

The system (devised by Mr. Goxx’s human caretaker) uses a hamster wheel to pick a cryptocurrency, and two tubes which the cute trader crawls through then indicate if the selected cryptocurrency must then be bought or sold. The cryptocurrency portfolio of Mr. Goxx includes tron, xrp, cardano, and ether, among 30 other cryptocurrencies. Its portfolio started with $390 back in June and has increased to $498. Also, Mr. Goxx uses Twitter to report his portfolio movements, informing fans about the sales and performance of every trading session that Mr. Goxx engages in via his “office.”

Impressive Following & Holding Tron

The trading hamster has an audience of more than 3K followers on Twitch, being one of the cryptocurrency-related channels that stands out in a gaming-dominated platform. Mr. Goxx reached peak earnings before the recent cryptocurrency selloff when he attained more than 50% of his initial portfolio.

However, even with all its positive returns, Mr. Goxx’s anonymous caretaker has still not gained the funds to pay for the initial investment that built the goxx box. The caretaker told Protos in an interview that:

Mr. Goxx is happy to see that some of his investments finally pay off.

Mr. Goxx has also shown an interesting preference for Justin Sun’s tron. It is currently the biggest bag held in the hamster’s portfolio. Mr. Goxx has never sold tron. Mr. Goxx’s current portfolio also includes stellar, ether, bitcoin, and xrp.

What do you think about the impressive trading performance of Mr. Goxx compared to other popular financial indexes? Tell us in the comments section below.



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Cryptocurrencies bounce back from China crackdown | 1330 & 101.5 WHBL

SINGAPORE (Reuters) – Cryptocurrencies traded firmly on Monday, having rebounded from selling driven by an intensifying crackdown on the asset class in ...

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Does cryptocurrency facilitate and enable modern slavery? - Fingerlakes1.com

Many individuals need to depend on the banking sector to facilitate transactions. However, blockchain technology and cryptocurrency are proving to be helpful ...

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China bans cryptocurrencies | BlackHatWorld

I don't believe the humane reasons their government gives. Another theory is that they will launch their own cryptocurrencies.

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Random thoughts of a 38 year old

If you are on reddit bitcoin, maybe you are new to bitcoin, maybe you are considering putting in more $. Here are some thoughts of a random 38 year old.

  1. Are you still early? Super early? No. Early? Yes. The vast majority of people I know own zero bitcoin. I know people with real money who say "tulips". There is NO etf, and only 1 S&P 500 company that owns it. I personally know about 30 people with net worth above 500k. ZERO have more than 10% of their net worth in btc. For those that own it, we are talking between 3-10,000 worth.
  2. The dollar will NOT crash. I've heard this for a long time. The dollar is a measurement against other garbage currencies. I expect the dollar to stay in the same range for a long time. I do believe the dollar structurally crashes in about 20 years-we are far from this.
  3. Humans always chase. Let me repeat: humans always chase. 2017 crypto, 2007 housing, 2000 dot com. Those are the ones people talk about. How about fracking in North Dakota and Texas? People that took out loans to buy trucks and make money like water flowed and then lost it. The miami real estate bubble in 2008 was insane-we are talking about people flipping condos that the development had not even broken ground on. How about some of the NFTS? People ALWAYS chase.
  4. There are 5 things that will make btc go up: expanding balance sheets of central banks, more stimulus, rate cuts, institutional adoption, and the etf. I think this year brings a future based etf and next year more rate cuts as the economy, worldwide, is slowing. Taper is the new rate cut. So they have to taper AND raise rates...lol not happening.
  5. My belief is getting to 1 coin, or 2, is enough for the vast majority of people. Can people try to get to 10, 20, etc? yes, of course. However, if bitcoin goes to a path to 500k, then a million, it will be more than enough for most. Why? They can borrow against it or lend it out and use it as a 3-5% bond.
  6. I think trading is an art most lose money at, me included. The siren song of trading futures and leverage-most people I know with money are firm in their STAY AWAY stance. Bitcoin is an 80 volatility asset. The S&P is 10. There was a $1,000 swing in 1 hour today. Most people with leverage lose $. Most, not all. I think trading makes sense when you have hit your goal. Your goal is your goal alone.
  7. Your friends, co worker, boss, and family might ask you how much btc you have. I'd significantly understate it. Why? Most humans are jealous. It's not evil-people are interesting creatures. Let's say you have 5 btc. Let's say btc goes to $10,000. A lot of people will call you up, mock you, etc. However, lets say btc goes to $200k. You now have a million dollars. You will attract a lot of unwanted attention. Also, it might ruin your friendships (c'mon man, my radiator is down and work is slow, it's only $600, you have 5 btc!"). Look at a lot of young adult men who get quick money-it's gone fast. Also, people knowing you have money is actually a safety issue.
  8. Keep your job until you feel secure. I see a lot of people trying to gloat. Why not keep your job and build your stack?
  9. Unpopular opinion, but bitcoin or being rich won't make you happy. There are a lot of miserable people with a LOT of money. I think the vast majority of people on CT are actually unhappy even if they have tons of money and luxury goods.
  10. As a real estate person, I have been convinced that at this point, real estate is a worse bet than bitcoin. here's why:

ROI= equity gained / down payment.

The only way to max out this formula is to put as little down as possible.

However, there are 2 types of real estate and why they go up. Non luxury is only going to keep going up because of money printing and lower rates. If this happens, btc skyrockets. Luxury does this and because it's very scarce and the demand for luxury will greatly increase-however, to go after luxury real estate, at least in the US, starts are 2 million, and realistically more like 3. This means you are paying in most places 2-5k a month in taxes alone. Let me repeat-2-5k in monthly taxes alone. Unless you have tons of liquidity, my bet is btc.



Submitted September 26, 2021 at 11:14PM by throwaway29801A https://ift.tt/3CPqNpz https://ift.tt/2Z7cX2s

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Daily Discussion, September 27, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted September 27, 2021 at 12:04AM by rBitcoinMod https://ift.tt/3CN3Jb1 https://ift.tt/2Z7cX2s

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