Born in 1899 in Vienna, Nobel Prize-winning economist F.A. Hayek is a legend of sorts in voluntaryist, libertarian, and crypto-economic circles. Freshly rediscovered video footage of the Austrian School philosopher and social theorist from 1984 is now making the rounds on crypto Twitter. In a stunning soundbite of an already well-known quote, Hayek declares that the only way to return to sound money is to take it out of the hands of government. He goes on to describe in spine-chillingly fortuitous fashion a money that requires no permission, and no central “authority.”
Lightning Network’s Antifraud Methods Inferior to Nakamoto Consensus, Research Shows
The Lightning Network, the touted scaling solution for the BTC chain, has recently seen its capacity decrease significantly and the beta project is still best suited for a cliche of technically savvy users. Now according to an analysis by Bitmex Research, the Lightning Network’s nodes have taken 2.2 BTC in “justice transactions” even though the connections might not be dishonest.
Also read: Looking Beyond the Lightning Network Hype: Everyday Users Experience Issues
Bitcoin’s Parabolic Move Shows Why It’s a Sucker’s Bet
Bitcoin has been on a tear lately, exploding from $ 3,000 to over $ 13,850.While pundits try and ascribe reasons for the move, bitcoin traders who have managed to ride the wave are cheering. For now. If anything, this wacky move only serves to support the long-term bearish argument on bitcoin. What Goes Up… One of my […]
The post Bitcoin's Parabolic Move Shows Why It's a Sucker's Bet appeared first on CCN Markets
Consumer Affairs Report Shows 70% Spike in Japanese Crypto Inquiries
Japan’s Consumer Affairs Agency (CAA) has released its 2019 report and noted a significant spike in inquiries concerning cryptocurrency related issues last year. The report details a 70% increase in 2018 in regard to consumer queries largely stemming from exchange issues. Moreover, over the last two quarters of 2019, the Japanese yen paired with various cryptocurrencies like BCH and BTC has been climbing steadily, showing the country has a lot of demand for digital assets.
Also read: Policymakers Meet to Finalize Global Crypto Guidance – A Look at Standards G20 Supports
Latin America and Turkey Have the Most Cryptocurrency Users, Poll Shows
Cryptocurrency usage has been expanding globally and a new survey confirms that trend. The poll conducted by Statista shows that the citizens of troubled countries tend to exploit the benefits of decentralized digital money far more readily than the citizens of thriving nations.
Also read: VPN Providers Defy Order to Connect to Russia’s Internet Censor
Study Determines Global Cryptocurrency Adoption
The 2019 edition of the Statista Global Consumer Survey offers a worldwide perspective on consumption and explores how consumers think. It covers dozens of industries and attempts to answer questions like “How many Americans have a video on demand subscription?” and “What is the demographic profile of online food shoppers in the UK?” It polls more than 400,000 consumers in 46 countries.
Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders Worldwide
Six days ago news.Bitcoin.com announced the launch of Local.Bitcoin.com, a peer-to-peer marketplace that allows people to trade bitcoin cash (BCH) in a private manner. Since then there have been roughly 14,000 accounts created so far, and many people are actively trading throughout various countries worldwide.
Also read: G20 Starts Crypto Discussions – A Look at Global Standards
Local.Bitcoin.com Spreading Free Trade Everywhere
On June 4, in honor of the 30th anniversary of the Tiananmen Square protests, Bitcoin.com launched our peer-to-peer BCH marketplace. Since then many individuals have executed trades on our new platform and so far the platform has gathered close to 14,000 account signups. Preliminary statistics show traders are from all around the world and you can find someone selling bitcoin cash throughout many countries and cities.
First Ghost Recon Breakpoint Trailer Shows Special Forces Against Silicon Valley
Fans of the Tom Clancy video game franchise are no stranger to cinematic trailers that get the blood flowing. This trend continued with the recent release of the first trailer for Tom Clancy’s Ghost Recon Breakpoint. “Tom Clancy’s Ghost Recon Breakpoint is a military shooter set in a diverse, hostile and mysterious open world that […]
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47% of Institutional Investors Welcome Crypto Investments, Survey Shows
A new study reveals surging investments in cryptocurrencies by institutional investors, with almost half of them viewing crypto assets as having a place in their portfolios. “Institutional investors are overwhelmingly favorable about the appealing characteristics of digital assets,” Fidelity Investments described.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
Institutional Investors See Crypto’s Potential
Fidelity Investments released the results of its new survey and study on institutional investors’ crypto asset investment strategies on Thursday. Noting a significant rise in interest among intermediaries and institutions, the company wrote:
Survey Shows Europeans Think Crypto Will Last a Decade, but Are Less Confident in BTC
According to a recent survey of 10,000 European residents, 63% believe that cryptocurrencies will still be around in 10 years. However, polled respondents were not so confident about bitcoin core (BTC) lasting over the next decade as only 49% of participants believe BTC will be around.
Also read: Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs
Bitcoin (BTC) Chart Shows First Golden Cross Since 2015
Cryptocurrency investors now have another reason to be bullish on Bitcoin (BTC) after one of the more bullish chart patterns formed on Tuesday. According to the BTC/USD chart, Bitcoin’s 50-day moving average has officially crossed above the 200-day moving average. The pattern is commonly known as a golden cross and is often viewed as an […]
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Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year
Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over the last year.
Also read: Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings
Xthinner Protocol Tested on BCH Mainnet Shows 99% Block Compression
On April 8, BCH developer Jonathan Toomim revealed how far he’s come with the Xthinner block compression protocol. Toomim tested the platform between two Bitcoin ABC full nodes on the BCH main network and a 363 kB block was compressed down to 1,660 bytes, or 99.54% compression.
Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’
Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won’t File
According to personal finance firm Credit Karma Tax, filers who reported short-term capital losses for cryptocurrencies in the first month of 2019 jumped fivefold year-over-year. After the incredibly bearish crypto markets of 2018, data from early tax filers highlights the fact that more investors are claiming losses this tax season. However, a survey the company recorded back in November found that the number of people deciding not to file crypto taxes has increased.
Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1
Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees
Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.”
Also read: Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch
Coinbase Purchased Neutrino for $13.5 M, Acquisition Contract Shows
Cryptocurrency exchange Coinbase purchased controversial Italian software services provider Neutrino for $ 13.5 million (€12 million), a copy of a legal document dated February 15, 2019, and shared with Bitcoin Magazine reveals. The hard numbers of the acquisition were previously unknown.
The document leak comes after a week of turbulent developments following the February 19 acquisition. Community members, namely Block Digest podcast member Janine, began to raise ethical concerns stemming from the company’s shared past with Hacking Team, an Italian, man-in-the-middle software provider whose malware and spyware has been linked to human rights and privacy abuses around the globe.
Leaked Data Shows Apex Legends May Soon Get a Character Named ‘Crypto’
Earlier this week, we reported that Respawn Entertainment’s wildly popular battle royale title Apex Legends had quietly made a reference to blockchain technology via a skin for one of the characters. Now, a recent report by Forbes suggests 11 new characters could be joining the 8 that are currently available, including one named “Crypto.” This […]
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Crazy Number of Subpoenas Shows Why Crypto Exchanges are Fleeing the US
By CCN.com: A new report released by major crypto exchange ShapeShift revealed that it had received 18 subpoena requests from U.S. authorities in 2018. Despite being based in Switzerland, the U.S. government filed 30 percent of all requests ShapeShift received last year. Why US Authorities Always Rank at the Top: Not Exclusive to Crypto Earlier
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How Tesla’s 7% Stock Drop Shows Dow Jones Isn’t in the Clear
The stock price of Tesla has dropped by 7.14 percent in pre-market following the release of CEO Elon Musk’s letter. The struggle of the car marker demonstrates the lack of fundamentals in the U.S. stock market which may lead to the decline of the Dow Jones. Over the past week, several analysts including Morgan Stanley
The post How Tesla’s 7% Stock Drop Shows Dow Jones Isn’t in the Clear appeared first on CCN
Watch: Nadeshot Shows Off the New 100 Thieves Content House in LA
100 Thieves (100T), an American esports organization founded by former Call of Duty player Matthew “Nadeshot” Haag, has released a long-awaited tour of the organization’s new content house based in Los Angeles. One of our biggest initiatives in 2018 was to find a space for our creators to live, collab, and bring their best ideas to […]
SludgeFeed
With Deplatforming on the Rise, Onchain Social Media App Memo Shows Promise
Last year the Bitcoin Cash (BCH) community welcomed a BCH-based social media network called Memo.cash. Since then Memo has gathered a lot of traction with hundreds of profiles and thousands of onchain updates and conversations posted to the BCH chain.
Also read: Crypto-Friendly Statesman Takes Over Swiss Presidency
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