Why Cryptocurrencies Will Never Be Safe Havens

Why Cryptocurrencies Will Never Be Safe Havens:

Every further new high in the price of Bitcoin brings ever more claims that it is destined to become the preeminent safe haven investment of the modern age — the new gold.

But there’s no getting around the fact that Bitcoin is essentially a speculative investment in a new technology, specifically the blockchain. Think of the blockchain, very basically, as layers of independent electronic security that encapsulate a cryptocurrency and keep it frozen in time and space — like layers of amber around a fly. This is what makes a cryptocurrency “crypto.”

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“Overwhelming Demand” Sees Filecoin ICO Raise $250 Million Without A Viable Product

“Overwhelming Demand” Sees Filecoin ICO Raise $250 Million Without A Viable Product:

It’s official: Filecoin, a blockchain project created by Protocol Labs, has raised nearly $250 million following a private “pre-sale” and public initial-coin offering – all without having a viable product to market.

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US Launches Quiet Crackdown On Cryptocurrencies

US Launches Quiet Crackdown On Cryptocurrencies:

While all eyes were distracted with the Trump-demeaning headlines of the foreign sanctions bill, few spotted the hidden mandate that foreign governments monitor cryptocurrency circulations as a measure to combat “illicit finance trends” in an effort to “combat terrorism.”….

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AND NOW: ‘Kosher’ Cryptocurrency Only For Jews – #BitСoen

Serial entrepreneur launches ‘kosher’ cryptocurrency only for Jews:

Russian entrepreneur Viacheslav Semenchuk has announced plans for an initial coin offering (ICO) of the world’s first kosher digital currency aimed specifically at Jewish communities across the globe.

The BitСoen, which comes from the Hebrew word ‘priest,’ has been created to simplify payments within Jewish communities, according to Semenchuk. At the same time, BitСoen can be bought by anyone.

Semenchuk said he has invested $500,000 in the project and the new cryptocurrendy is based on a separately developed blockchain.

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BREAKING: BANKERS’ NEW SDR CRYPTO BLOCKCHAIN WILL ENSLAVE HUMANITY?? – Lynette Zang (Video) – FEAR & LOATHING IN CRYPTO LAND (Video) – THE ACChain CONTROVERSY — JSNIP4 & BRAD PETERS (Video)

FYI.

BREAKING: BANKERS’ NEW SDR CRYPTO BLOCKCHAIN WILL ENSLAVE HUMANITY?? – Lynette Zang

Aug 9, 2017

The new Chinese-created ACChain crypto currency blockchain will be the SDR-related world currency that will allow the international banking elite to digitize every tangible asset on earth, and they will then exert total control over all of it.

FEAR & LOATHING IN CRYPTO LAND

Aug 10, 2017

This is a response to my friends Jsnip joe, Bix Weir and Andy Hoffman regarding their reactions to my latest CONVERSATION with ITM Trading’s Lynette Zang in which we discuss the new ACChain blockchain and the bankster’s goal to chip, track, trace and own EVERYTHING on the planet.

THE ACChain CONTROVERSY — JSNIP4 & BRAD PETERS

Aug 11, 2017

Intel senior software engineer Brad Peters and Joe from the Jsnip4 Realist News you Tube channel join me to discuss my recent interview with ITM Trading’s Lynette Zang and the ACChain SDR blockchain controversy.

In summary:

George Carlin: The American Dream (Video):

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Bitcoin Is Rallying As ‘Fork’-Day Arrives

Bitcoin Is Rallying As ‘Fork’-Day Arrives:

With only a few hours remaining before the widely-expected Bitcoin network’s SegWit activation and its anticipated fork, there is a bifurcation in the crytpo-world with Bitcoin higher (up 5%) and the rest of the major virtual currencies lower (down 4%). For now, crypto markets seem relatively calm and stable ahead of what was feared to be an extreme volatility moment.

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Cryptocurrencies Are Crashing Again

Cryptocurrencies Are Crashing Again:

The largest cryptocurrencies are under presure again today – Bitcoin, Ethereum down around 10% – as it seems some anxiety remains ahead of the August 1st scaling decision deadline, chatter about Russian Bitcoin viruses, and a new report from BofA has raised more questions than answers about the future of virtual currencies.

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SEC Cracks Down On “Initial Coin Offerings”: Concludes Tokens Are Subject To Securities Laws

SEC Cracks Down On “Initial Coin Offerings”: Concludes Tokens Are Subject To Securities Laws:

In groundbreaking news for the blockchain community, moments ago the SEC issued a press release, which concluded that DAO Tokens, a Digital Asset, are securities for regulatory purposes, and cautioned that US Securities law “may” apply to offers, sales and trading of interested in virtual organization, targeting the increasingly more popular Initial Coin Offerings.

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Bitcoin Surges Above $2500 Following Goldman’s Bullish Note As ‘Civil War’ Ends

Bitcoin Surges Above $2500 Following Goldman’s Bullish Note As ‘Civil War’ Ends:

Bitcoin is up 40% from its weekend lows as the combination of a bullish Goldman Sachs note on the virtual currency and a major sigh of relief that the potential ‘civil war’ over cryptocurrency’s scaling solutions appears to be over (with over 80% of the hashrate currently voting for the protocol upgrade).

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Bitcoin Soars As Much-Feared Network Split Appears To Be Avoided

Bitcoin Soars As Much-Feared Network Split Appears To Be Avoided:

Bitcoin and other virtual currencies have rallied hard  this week as growing support for a controversial software update suggests that a long-feared network split might be averted, and the issue settled…at least for now.

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Bitcoin, Ethereum Plunge Accelerates As Scaling Deadline Looms

Bitcoin, Ethereum Plunge Accelerates As Scaling Deadline Looms:

Yesterday it was Bitcoin, today it is Ethereum that is taking the brunt of selling pressure (down 20%) but the dumping of virtual currencies is evident across the entire crypto space with the biggest market cap coins tumbling to 2-month lows

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Crypto ‘Civil War’ Looms – The July Ethereum Price Crash And The August Fork

Crypto ‘Civil War’ Looms – The July Ethereum Price Crash And The August Fork:

The last 48 hours have seen a significant collapse in the prices of nearly all crypto-currencies with Bitcoin at one-month lows, and Ethereum tumbling below $200, but volatility is not expected to subside as August 1st looms as Bitcoin undergoes a ‘coming of age’ and the current ‘civil war’ between Core and miners comes to a head…

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Central Banks Are Considering The Use Of Cryptocurrencies Like #Ethereum And #Bitcoin

Central Banks Are Considering The Use Of Cryptocurrencies Like Ethereum And Bitcoin:

The rise of cryptocurrency has been quite something to watch. A decade ago, the mere concept might have sounded a little bit too futuristic, but today, many use cryptocurrency on a regular basis, and perhaps even more than one type. The most notable option up to this point has been Bitcoin, which has great support the world over (as far as cryptocurrency goes), but catching up fast is Ethereum, which we’ve wrote about a few times in recent weeks (and even put to a performance test for transaction processing chores).

Because of how out-of-nowhere cryptocurrency hit us, it would be understandable if you considered it to be a fad, or something that might not last. At this point, though, it appears that cryptocurrency isn’t going anywhere, and if that idea needs reinforcement, look no further than a few central banks that have been considering adopting it.

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Chinese Bitcoin Giant BTCC Launches Global Crypto Exchange ‘DAX’ with Ethereum Classic

Chinese Bitcoin Giant BTCC Launches Global Crypto Exchange ‘DAX’ with Ethereum Classic:

BTCC, the operator of China’s oldest bitcoin exchange, has launched a ‘pure crypto-to-crypto exchange’ in BTCC DAX, with Bitcoin/Ethereum Classic (BTC/ETC) as its first trading pair.

Launched today at 10:00 AM (UTC) with customer deposits enabled, BTCC DAX will see trading go live tomorrow on Tuesday, June 27th, at the same time.

H/t reader kevin a.

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