Tag: Cryptocurrency

Bitcoin Bloodbath Thursday: Price Nosedives As $53 Billion In Profit Taking Wiped Off Crypto Market Cap

Bitcoin prices suffered a meltdown Thursday after bottoming out at $7,676 before recovering somewhat. In a sell-off that kicked into high gear yesterday, the market capitalization of the entire cryptocurrency market lost a whopping $53 billion in value. The market cap of all the world’s virtual currencies totaled $319.9 billion as of this writing, down from $372.9 billion…

Dark Pools In Cryptocurrency Trading Is Increasing

It was only a matter of time. Dark pools, which are notorious for their anonymous transactions, are making their presence felt in cryptocurrency markets. According to a WSJ report, Republic Protocol, which describes itself as a decentralized dark pool for atomic trading of bitcoin, ether, and ERC20 tokens, has raised 35,000 ether ($33.8 million) from crypto…

Rigging Of The Block Chain ~ $300 Million Vanishes With A Click: U.S. Bitcoin Becoming More Isolated

Bitcoin’s meteoric rise [JP Morgan Involved] in price has been accompanied by a predictably parallel rise in the contorted lunacy we seem to witness in every irrational bubble, no matter what its origin. The Bitcoin bubble delusion has become so convincing to some people that they now believe Bitcoin is the “new gold” or “better…

Fiat Bitcoin Centralizers Decided To Do Another Fiat Hard Fork For You On October 25, 2017

Bitcoin’s growing pains continue, it seems. Throughout the year and leading up to the summer, investors, developers, and miners [The Elite Centralizers] engaged in a difficult and at times tense debate about how to scale the cryptocurrency to accommodate the growing customer base and transaction volume. The result was the adoption of new protocols which…

Digital Fools Gold: Bitcoin Alchemy

Recently, Jamie Dimon of Citibank made headlines by labeling Bitcoin a fraud. Whether those comments played any part in Bitcoin’s recent sell off is hard to say, but the true believers reacted with predictable outrage given that the comments came from the ultimate Wall Street insider whose financial supremacy is supposedly threatened by crypto currencies…

South Korea Outlaws Cryptocurrencies Following China & Russia

Ethereum and bitcoin dropped after South Korea banned domestic initial coin offerings and margin trading in cryptocurrencies. The Financial Services Commission in Seoul said all forms of ICOs are prohibited in the country, including projects that share profits, rights, dividends, and other “coin-style” offerings, according to a statement. The commission also banned the practice of…

The Petrodollar Doomsday Clock Just Ticked Closer To Midnight

Don’t be Duped! [I do not believe the East will go along with the IMF running the show using the SDR.  I want to point out;… the IMF was originally a U.S. led creation whereby the U.S. had and has control via it’s veto power.  How exactly does changing from one “paper” currency to another change…

Bitcoin aka ‘Digital Bit On A Spread Sheet’: Crashes On Massive Volume As China Plans To Shut Local Exchanges

Having bounced back dramatically from the 20% plunge following China’s ban of ICOs, Bitcoin is getting battered again this morning on very heavy volume as Caixin reports Chinese authorities plan to shut local Bitcoin exchanges. The supervisory authority has decided to close the exchange of virtual currency in China , which involves all the currencies and currencies of…

Keeping The Faith: Bitcoin’s Top Three Myths

“Bitcoin can never become the currency of the world because it uses as much electricity as an entire nation just to run the infrastructure,” Adams adds. “It would be slow, and the transaction would be high, and to solve that problem we create these {crypto control} hard forks that proves Bitcoin isn’t permanent.” When Bitcoin…

Spitznagel: Why Crypto Spreadsheet Digits ~ “Misnomer Currencies” Will Never Be Safe Havens

Every further new high in the price of Bitcoin [misnomer coin] brings ever more claims that it is destined to become the preeminent safe haven investment of the modern age — the new gold. Comparing Gold’s Price To Bitcoin Is Patently Ridiculous: Spreadsheet Bit-digit Would Need To Be Backed By $450,000.00 Each But there’s no getting around the…

Bitcoin With Click Of A Mouse You Could Be Without: Contrary To The Hype, Bitcoin Is Centrally Controlled

Hardfork Proves Crypto Centralization ~ Which Can Be Altered At Any Time Bitcoin is a New World Order scam designed to trick liberty-loving types into moving their money out of physical assets and into a system that appeals to their anti-bank, anti-government instincts – but they are being conned by the powers that be, according to…

Bitcoiners “Holding On With A Death Grip” As “Pipe Dream” Appears Hopelessly Obsolete

In a fascinating, two-part interview with cryptocurrency analyst Kevin Lawton, the Health Ranger discusses the promise of decentralization, the vulnerabilities of Bitcoin and what the future holds for cryptocurrencies. (See video below.) – Background on cryptocurrencies, and why Bitcoin was a useful “proof of concept” but doesn’t represent the future of cryptocurrency. – Why Bitcoin…