Bitcoin Cash Tokenization Bolstered by the Creation of an SLP Foundation

On Monday, Bitcoin Cash (BCH) supporters were introduced to a Simple Ledger Protocol alliance called the SLP Foundation. According to the initial members, the SLP Foundation has been in the works since December 2019, and the primary goal is to foster SLP innovation and standards. Meet the SLP Foundation: A Nonprofit Aimed at Fostering a Healthy Environment for SLP Growth and Innovation A new organization has been created called the SLP Foundation and it aims to bolster SLP development, growth, and common practices. The Simple Ledger Protocol (SLP) is an…

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John McAfee Announces Privacy Coin – Airdrop Today

2020 has been a turbulent year for the cryptocurrency market, but it has established the resilience of blockchain technology. Despite a single-day market plunge that battered the entire market valuation with a 50% drop, the following rapid uptick in Bitcoin price has led it to outperform the S&P500 index by a large margin. To Receive GHOST, You Must Hold ESH Tokens Such a milestone has made way for significant opportunity as crypto’s Store of Value narrative expands its appeal to a new market, and cryptocurrency headlines are already sparking with…

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This Is Not Capitalism: How Covid-19 Shined a Light on America’s Fascist System

In the last few months, giant American corporations and financial incumbents that are subsidized by the U.S. government, have profited immensely during the coronavirus outbreak. This has caused certain groups of people and those who despise wealth to claim that “capitalism is broken.” However, today’s system, that’s currently practiced in the U.S. and many other nation states, resembles fascism far more than any capitalist ideal. How Covid-19 Has Caused Illiterate Pundits to Blame Capitalism on Society’s Recent Blunders Since the initial predictions came out from Neil Ferguson and Anthony Fauci’s…

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US Real Estate Crisis: Home Sales Plunge to 9-Year Low, Mortgage Delinquencies to Soar Past Great Recession Level

The US real estate market is facing a crisis as unemployment soars amid the coronavirus pandemic. Home sales have plunged to a nine-year low and a record-high number of homeowners are defaulting on their mortgage payments. The impact of the real estate crisis is also seen in rental and commercial real estate markets. Massive Declines in Home Sales, Housing Starts The economic crisis, coronavirus pandemic, lockdowns, and record-high unemployment have severely affected the real estate market. Existing home sales, which make up about 90% of all U.S. home sales, plunged…

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Hacker Attempts to Sell Data Allegedly Tied to Ledger, Trezor, Bnktothefuture Customers

According to an online monitoring web portal called, Under the Breach, a hacker is purportedly trying to sell customer information that stems from companies like Keepkey, Trezor, Ledger, and even the investment platform Bnktothefuture. The hacker doesn’t seem to have any passwords, but is offering detailed information that was stolen from a Shopify breach like email addresses, home addresses, and phone numbers. The cybercrime resource known as Under the Breach has disclosed that customers who have purchased products using Shopify and purchased items from companies like Ledger, Trezor, Keepkey, and…

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Market Outlook: Golden Cross Invalidated, Andreessen Horowitz Predicts ‘Fourth Crypto Cycle’

The price of bitcoin and a number of other popular cryptocurrencies have been collectively holding a market valuation of around $255 billion. The fiat value of these cryptocurrencies has slipped downwards during the last four days. Despite the weekly losses of around 3-6%, many digital currency proponents are still very optimistic. Mainly because of how well crypto markets have performed during the coronavirus outbreak and the global economy’s current hardships. Entire Crypto Market Cap Still Hovers Above a Quarter of a Trillion US Dollars Digital currency supporters can safely say…

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Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail

Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for using BTC in financial transactions. People will also be penalized for buying crypto with cash or transferring to accounts opened with Russian banks. If signed into law, the bills will punish companies that issue or…

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Carl Menger: The Nature and Origin of Money

In the early stages of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing exchange opportunities, their attention is, in keeping with the simplicity of all cultural beginnings, directed only to the most obvious of these opportunities. **The following essay was written by the father of Austrian Economics, Carl Menger, and was published in 1892. “The Nature and Origin of Money” was originally published after Menger testified before the Currency Commission in Austria-Hungary the same year. The…

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Iranian President Calls for Launching a Cryptocurrency Mining Strategy

Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s President Hassan Rouhani told the press that the country needs to spur a cryptocurrency mining strategy, in order for the country to prosper economically amid U.S. sanctions. Reports stemming from the regional news outlet Arzdigital which claims Rouhani has told his administration to start drafting a crypto mining strategy for Iran…

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Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware

Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss. Demand slumped as the coronavirus pandemic, which disrupted the movement of goods worldwide, took its toll. Shares of Canaan fell as much as 3.51% to $3.85 on the Nasdaq Stock Exchange, at Press time. The stock has…

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