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The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 3 The Centralization of Crypto and the Banality of Evil First we must realize that all actions are performed by individuals… If we scrutinize the meaning of the various actions performed by individuals we must necessarily learn everything about the actions of the collective whole. For a social collective has no existence and reality outside of the individual members’ actions. –Ludwig von Mises In 1963, the political philosopher Hannah Arendt wrote a book Eichmann in Jerusalem,…

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The High Court of Zimbabwe has lifted a ban on cryptocurrencies in the Southern African country. This follows a lawsuit that was filed by a local cryptocurrency exchange which argued that the Reserve Bank of Zimbabwe did not have any authority to declare cryptocurrencies illegal.  Contested Jurisdiction On the 12th of May, Zimbabwe’s financial services regulator, the Reserve Bank of Zimbabwe (RBZ), issued a directive to all financial institutions to stop all forms of transactions related to cryptocurrencies and to wind down all accounts tied to cryptocurrencies within 60 days.…

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Cryptocurrency markets have had a rough week over the last seven days as many digital assets lost quite a bit of value most had gained two weeks prior. Currently, markets are seemingly consolidating and have remained somewhat stable over the last 24-hours. At the moment Bitcoin Core (BTC) values have been hovering around $7,470-7,560 during the last few hours. Meanwhile, Bitcoin Cash (BCH) prices are steadily holding just above the $1K region at $1,038 per BCH at the time of publication. Also Read: Bank in Argentina Launches BTC Settlement Services A…

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Murphy’s Law states that “whatever can go wrong, will go wrong.” For Bitcoin Gold (BTG), this epigram appears to be spot on as the network recently fell victim to the dreaded 51 percent attack. Forensic Analysis of the BTG hack On May 18, Edward Iskra, the BTG communications director alerted the crypto community to the attack via a blog post on the Bitcoin Gold forum. According to Iskra: An unknown party with access to very large amounts of hashpower is trying to use ‘51% attacks’ to perform ‘double-spend’ attacks to…

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Investigations are all about the crypto ecosystem, but a recent report regarding a US Department of Justice price manipulation crackdown was widely said to be the cause of market caps falling, and by a lot. Fundstrat, the ecosystem’s favorite financial professional crypto bull, is on record as welcoming government regulation, what it calls “adult supervision.” Also read: Bitcoin Use Case: Limiting Government Growth Fundstrat Welcomes Adult Supervision of Crypto Legacy media, thanks to a Bloomberg article, ran wild with fear, uncertainty, and doubt (FUD) this week, regarding a supposed US…

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Matt Hougan of Bitwise Asset Management believes that the price of Bitcoin could increase by 500 percent in the next ten years. Hougan hinges his prediction on the cryptocurrency becoming an actual store of value and the blockchain permeating several facets of human life. Is Bitcoin a Store of Value? Finding a consensus on any argument related to Bitcoin is almost a futile effort at this point. There’s the bubble argument, the economic definition argument, and of course, the store of value argument. Matt Hougan, in a recent op-ed for…

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The overall percentage of Bitcoin transactions using Segregated Witness (SegWit) technology has climbed to all-time highs this week, approaching 40%. May Sees SegWit Spike Data from monitoring resource transactionfee.info reproduced on Twitter by investor and entrepreneur Alistair Milne shows steep growth in SegWit’s share beginning earlier in May. The rise was likely fuelled by wallet and cold storage provider Xapo implementing the technology, Milne commented. The company’s president Ted Roger confirmed the implementation separately May 24. Thanks to @xapo recently implementing SegWit, we will likely see >40% of all transactions…

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John McAfee is back again with another flurry of bold cryptocurrency predictions. In a tweet on May 24th, the tech activist and internet security expert listed five cryptos that will experience huge gains in the summer. The tweet also contained some political predictions on U.S. foreign relations. Bitcoin Will Rise in June and Dip in July According to McAfee, “Bitcoin will surpass $15,000 in June.” The controversial crypto proponent, however, predicts that the spike will be short-lived as he said the number one crypto would dip in July. My short…

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The Monetary Authority of Singapore has warned eight digital token exchanges operating in the country over unauthorized securities trading. The regulator also stopped an initial coin offering, prompting its issuer to return all funds received from Singapore-based investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Eight Token Exchanges Warned Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), announced on Thursday that it has “warned eight digital token exchanges in Singapore not to facilitate trading in digital tokens that are securities or futures contracts without MAS’…

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The Securities Division of the Office of the Attorney General in South Carolina has served ShipChain with an administrative order to cease and desist from conducting business transactions within the state. The ruling comes down after it was determined that the tokens offered by ShipChain during its ICO fell under the state’s legal definition of securities.  Oversight and tough calls are rampantly increasing on behalf of the Securities and Exchange Commission (SEC) in what is supposed to be an attempt to protect investors from fraudulent ICOs. Earlier this year, the SEC issued…

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