Sunday Digest: Bitcoin Price, Politics, and Poppycock

The G7 summit is being held this weekend, with several weighty issues to be discussed by some of the most powerful leaders on the planet. Rumour has it that Bitcoin may also feature on the bill. Bitcoin Price: Short-Term, It’s Anyone’s Guess It’s been another one of those weeks for bitcoin price, with not much serious movement in either direction. The only thing we really learned is that nobody has the faintest clue what’s going to happen in the short term. At the start of the week, a rising wedge saw predictions…

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Bitcoin History Part 16: The First Mt. Gox Hack

No one remembers the first Mt. Gox hack. It was a small sum, even by 2011’s standards, and the exchange reimbursed all users. The incident was to prove significant, however, for it set in motion a string of attacks on other bitcoin platforms that began the very next day. By the time the dust had settled six weeks later, four separate thefts had occurred, culminating in the loss of more than 178,000 bitcoins. Also read: Bitcoin History Part 15: Silk Road Is Born The First Bitcoin Exchange Hack Summer 2011…

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Send Token Payouts With Ease Using Bitcoin.com’s SLP Dividend Calculator

On August 23, Bitcoin.com released a new application called the SLP Dividend Calculator. The new platform allows users to build a transaction to make dividend payments to any Simple Ledger Protocol (SLP) token holder. Also read: How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash Testing the New SLP Dividend Calculator From Bitcoin.com Over the last year, SLP tokens have been extremely popular among BCH proponents, and so far supporters have made thousands of unique coins on the BCH chain. As time has progressed, the SLP ecosystem has…

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Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small saver, who is often their voter too. Also read: Major Swedish Bank Orders Negative Interest Rate on Euro Deposits Bavarian Leader Wants Berlin to Outlaw Punitive Interest Germany needs to ban banks from passing negative rates…

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BoE Governor Mark Carney Proposes Global Cryptocurrency

Governor of the Bank of England Mark Carney put forward the idea of replacing the U.S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and overall weaker business activity are deteriorating the global economy. Carney also underlined that, because of globalization and the widespread dominance of the U.S. dollar, U.S. developments have significant worldwide implications in terms of trade and…

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The White House Just Blamed Bitcoin for America’s Opiate Crisis

The opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical and illicit activities, that doesn’t stop the powers that be from continuing their propagandistic assault on financial freedom — ignoring their own central role in creating these massive problems, by pumping up the artificial monopolies that peddle them,…

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Doing What You Want With Your Money Is a Fundamental Right

Since the birth of Bitcoin, crusaders fighting for the separation of money and state discovered a new payment tool that bypasses the nation state’s control over the monetary system. For over ten years now, lots of people have been using digital currencies to hide from prying eyes of governments in order to free themselves from a system that contributes to insanity. Also read: How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash The Separation of Church and State Has Proved Humans Can Remove the Monetary System From State…

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Bitmain to Increase Hashrate By 50% With 600,000 New Mining Chips

Showing renewed optimism, Bitmain is increasing its investments in the crypto mining industry. Now, Bitmain is reportedly buying 600,000 new crypto mining chips. As a result of this new investment, the company expects to make over $1 billion in profits. Bitmain to Increase its Capacity By 50% Hash rate The battle to produce fast cryptocurrency mining gear is heating up. In this context, Chinese Bitcoin mining giant, Bitmain Technologies Ltd, is placing orders for new mining machines with high hash rate capacity. In this connection, and according to a Chinese…

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Bitcoin Price Analysis: Bullish Divergence Forms At $10K, is $11K Next?

Bitcoin breaks 5-day long up-trend, dropping back to key support levels at $9,800. Since then bullish divergence appears to have formed on lower time-frames and could spur a reversal in the coming days. Bitcoin 1-Hour Analysis On the 1 hour chart for the XBT/USD pair, we can see the ascending wedge that formed throughout the middle of August. This wedge was broken two days ago on the 21st of August and has since dropped to key support at $9,800, as mentioned in my previous analysis on Bitcoin.  Since re-testing key…

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Cryptocurrency Domains Have Become Hot Property

Bitcoin, cryptocurrencies, and blockchain technology have become mainstream terms and are now featured in most dictionaries. Crypto-related terms have a lot of value when they are tethered to a web domain, and these days digital currency domains are prime real estate, with some selling for up to seven figures. Also read: How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash Crypto Domains Are Being Snatched Up, Squatted and Sold for Profit Cryptocurrencies have been around for 10 years now and the entire ecosystem is worth more than $250…

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