On Tuesday, November 23, the closing arguments for both sides of the Kleiman v. Wright trial finished and now ten jurors will decide the fate of the billion-dollar bitcoin lawsuit. While Craig Wright claims he’s Satoshi Nakamoto, he also insists the now-deceased Dave Kleiman did not help with the creation of Bitcoin. The plaintiffs are […]
During an MSNBC interview, Hillary Clinton continued to suggest hypothetical scenarios in which cryptocurrencies could destabilize the United States and called on the Biden administration to regulate them as she fears that state and nonstate actors manipulate the role of the U.S. dollar. Related Reading | Inverse Signals: Why Bitcoin Weakness Is Attributed To Dollar Strength Clinton warned people are only beginning to see the need to regulate the cryptocurrency markets and called to imagine “the combination of social media, the algorithms that drive social media, the amassing of even larger sums of money through the control of certain cryptocurrency chains,” The former presidential candidate has already voiced her unamicable views around cryptocurrencies before, seeing them as a threat for the United States. Likewise, for Clinton, the nations of China and Russia are manipulative obstacles for the country. We are looking at not only states, such as China or Russia or others, manipulating technology of all kinds to their advantage, we are looking at nonstate actors, either in concert with states or on their own, destabilizing countries, destabilizing the dollar as the reserve currency. Clinton thinks that the Biden administration needs to address many questions regarding the role of cryptocurrencies in the U.S. nation and its economy, but added they might not have much time to do so. The Former Secretary of State hopes that the current administration will try to operate “exactly” in the way she thinks best based on what she has been “hearing from them”, meaning their views regulations match her hostility. We certainly need new rules for the information age, because our current laws, our framework, it is just not adequate for what we are facing. Is The U.S. Marching Towards More Crypto Hostility? Last week, the Former Secretary of State made a similar warning during the Bloomberg New Economy Conference, where she stated that crypto represents a risk for the stability of the U.S. nation and currency (the U.S. dollar). Clinton believes the “interesting and somewhat exotic effort” of crypto mining can undermine the role of the dollar and seemed to consider full-ban on cryptocurrencies similar to China’s: It appears as though China is going to prevent outside technology payment systems, like the cryptocurrencies development, from playing a big role inside China. I think they recognize, giving their nationalism, perhaps earlier than other nations, that this could be a direct threat to sovereignty. On the other side, Senator Pat Toomey had voiced back in September that the China ban was an advantage for the United States and tweeted his own opinion on the upside of innovation and economic liberty, which Hillary Clinton still fails to approach. Beijing is so hostile to economic freedom they cannot even tolerate their people participating in what is arguably the most exciting innovation in finance in decades. Economic liberty leads to faster growth, and ultimately, a higher standard of living for all. Furthermore, Jerome Powell has just been renominated as U.S. Federal Reserve Chair to face the accelerating inflation and other challenges the nation’s economy is facing. Powell has been warry around cryptocurrencies, but he has also stated he would not opt for a ban, but regulatory controls on stablecoins. Related Reading | Bitcoin Heads Towards $35,000 as Biden Stimulus Hurts US Dollar
Memecon Shiba Inu has continued to struggle this week as the crypto has lost 17% in value over the past seven days. Shiba Inu Continues To Decline As Whales Start Taking Profits DOGE’s cousin coin, SHIB, has been struggling this month as it tumbles down for a straight third week. Over the past seven days alone, the memecoin has lost more than 17% in value. In the month of October, Shiba Inu had an amazing rally even by crypto standards where at one point the crypto was up 1000% over the previous 30 days. During this rally, SHIB entered into the top ten crypto by market cap list for a while. And briefly, it even surpassed DOGE to claim the 8th spot on the list. However, since November began, the coin started to lose ground, and has since continued to decline. It wasn’t long until Shiba Inu fell below Dogecoin again, and soon after it also exited the top ten list entirely. Currently, SHIB is the number twelve crypto in terms of market cap. Here is a table that shows how it compares with DOGE: The gap between the two memecoins widens | Source: coinmarketcap DOGE has also seen loses recently, but they have been lesser than what SHIB has experienced. In terms of market cap, Dogecoin seems to be building a significant lead over Shiba Inu. Related Reading | Twin Peaks: Comparing The Two 2021 Bitcoin Tops The reason behind the coin’s recent downtrend may be the fact that whales have started to sell. As per an article by Coindesk, SHIB transactions with values above $100k have been increasing since the beginning of the month. SHIB whale activity seems to be on the rise | Source: Santiment The above chart shows the Shiba Inu transaction counts of transfers that involve values greater than $100k and $1 million. Related Reading | Brace For More Downtrend: 15% Of Bitcoin Supply Is Now In Loss Such large transactions are associated with whales, and as the graph shows, they have been on the rise since November started. Recently, AMC announced that they are partnering with Bitpay to bring the Shiba Inu payment option to their customers. Such news can be bullish for the coin. SHIB Price At the time of writing, Shiba Inu’s price is trading around $0.00004015. Over the past thirty days, the crypto has gained 4% in value. Below is a chart that shows the incredible rally that SHIB had in October, and also the subsequent decline. The sharp rise of SHIB, followed by a gradual fall | Source: SHIBUSD on TradingView Even after the latest decline in Shiba Inu’s price, gains for the crypto are still nearly 500% over the past three months. In the same period, Dogecoin is down 7%. Featured image from Unsplash.com, charts from TradingView.com, Santiment.net
BAT stands for Basic Attention Token They aim to "solve the endemic inefficiencies and privacy violations hobbling the digital ad industry."Basically advertisers like Google, who probably know more about you than you know about yourself. The targeted ads on every single website you go to happens behind your back, and you can do little to…
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Today across the United States, the masses are celebrating the annual Thanksgiving holiday tradition. In the past, the holiday has acted as a catalyst for the final phase of the Bitcoin bull run. To celebrate the holiday and the ongoing cryptocurrency bull cycle, we are looking back at the history of Bitcoin price action over the years to try to predict what is to come next. Please Pass The Bitcoin The tradition of Thanksgiving began in 1619, which celebrated the annual harvest ahead of colder winter months. Rather than allow crops to spoil, there was a large feast that sometimes lasted days. The tradition today is commonly centered around a turkey dinner, with stuffing, mashed potatoes, gravy, and pumpkin pie. Dinner table discussions range from tender to tense, depending on the family unit. Related Reading | 10 Bullish Monthly Bitcoin Price Charts To Start November Such dinner table conversations in the past have possibly had an impact on Bitcoin and other cryptocurrencies, with the holiday always occurring near important culmination points in price cycles. To celebrate in a very NewsBTC way, we’ve taken a deep dive into the history of holiday and the effect it’s had on price action. The results are quite interesting, and something BTC holders might want to give thanks for. Past tops and bottoms have been within 48 days of Thanksgiving | Source: BTCUSD on TradingView.com Thanksgiving Proximity To Peaks Give Holders Something To Celebrate Dating back as far as the Bitcoin price index will run, we’ve added a pumpkin-colored vertical line to represent each Thanksgiving to the day. The proximity of Thanksgiving to important pivot points in Bitcoin market structure is undeniable. The holiday appears close to most major bull market peaks and bear troughs. In fact, five out of five major Bitcoin tops and bottoms have appeared within 48 days of Thanksgiving. Four out of five of these same tops and bottoms have occurred within 24 days of Thanksgiving. Finally, two out of five tops and bottoms appear to coincide with the holiday itself. Related Reading | Want To Learn Technical Analysis? Read The NewsBTC Trading Course In 2017, Thanksgiving dinner table talk was less focused on “pass the gravy” and instead discussed “which coins to buy.” 24 days following Thanksgiving that year, Bitcoin rallied 150% from $8,000 to $20,000, putting in the bull market peak. The following Thanksgiving was within just 24 days to the bear market bottom. 24 days from today and 150% would put the top cryptocurrency by market cap at around $144,000 on approximately December 19, 2021. Currently, there is more data to suggest that this could happen again than information to suggest otherwise. Is this the type of harvest crypto holders should expect with the US holiday here? If that’s the case, the Thanksgiving theme is appropriate, as it will be the last major harvest before a very cold crypto winter. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
Need some suggestions on the real kickers that’ll convince him submitted by /u/_whodatboy69 [link] [comments]
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My fellow crypto enthusiasts: The following list is one I have compiled after playing Crypto Royale for the first time, realizing how big the future of blockchain gaming is going to be. Most of these games are games that you can have your kids to play for you (if you have them,) … some of…
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