Monthly Archives: August 2021

The Inherent Greed Of The Fiat System

The current monetary system of the world exposes the poor and disadvantaged to continuous debasement of value. Think back to the first time you were given a dollar. You were four, maybe five years old. It is a powerful first for a child: the first time you buy something with your own money. You handed the clerk your dollar and he exchanged with you an ice cream, a candy bar, or a toy. It likely made you feel powerful, sophisticated, independent. The act of exchanging something you […]

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Pro traders know it’s time to range trade when this classic pattern shows up

Traders analyze bearish and bullish rectangles to spot trend changes and range trade stocks and cryptocurrencies. A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes, this leads to the formation of a rectangle pattern, which can also be described as a consolidation zone or a congestion zone. Bearish and bullish rectangles are generally considered to be a […]

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Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering

The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen active in five different cities. Operation Compliance came about by way of an investigation that identified cryptocurrency-related money laundering crimes on the internet starting in 2018. Brazilian Police Fight Crypto Money Laundering The Brazilian Federal Police were deployed last week to scrutinize several locations that were allegedly linked to cryptocurrency-related money laundering operations. This […]

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Congress Has Kicked The Cyber Hornet’s Nest

It shouldn’t be surprising that a decentralized, open-source monetary network is good at organization. Written August 12, 2021. With the debate over the infrastructure bill, policymakers were caught off guard. Few in Washington anticipated Bitcoiners’ ability to respectfully and relentlessly express our disdain toward unnecessary regulation that is likely to have unintended consequences. The last few weeks were truly an incredible moment in time. Never before has such a multidisciplinary, multigenerational and multiparty ​​group come together to show Congress the power of a decentralized community. Policymakers are […]

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Bank Runners In Afghanistan See No Cash, Sought To Flee The Country After Taliban Takeover

As the Taliban advances after the President fled, Afghans fail to withdraw life savings due to cash shortage. ​Hundreds of residents of the Afghan capital, Kabul, rushed to banks on August 15 to withdraw money from their bank accounts as Taliban fighters took over the city demanding the government’s surrender, Al Jazeera reported. After the Taliban takeover, which followed hours of negotiations for a peaceful transition of power with President Ashraf Ghani, Afghans and foreigners alike have been racing to the airport to exit the city. Ghani […]

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Analysts say this key metric suggests an altcoin season is at hand

A series of new all-time highs from altcoins and a drop in the Bitcoin dominance metric has many analysts convinced that an alt season has started. Bitcoin’s (BTC) 65% recovery from sub-$29,500 on July 20 to a swing high of $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and to traders who were dreading the prospect of another prolonged bear market. Currently, the BTC rally has stalled out near the $46,000 price level, and this […]

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Team officially re-establishes Dogecoin Foundation after 6 years

Advisory board members for the foundation include Vitalik Buterin, Billy Markus, Max Keller, and Neuralink CEO Jared Birchall — representing Elon Musk’s interests. After several years of nearly total media silence, the Dogecoin Foundation is coming back to support core developers and projects benefiting the meme-based cryptocurrency. In a Tuesday announcement, the Dogecoin Foundation said it would be re-establishing itself in an effort to support the Dogecoin (DOGE) community as well as promote the future of the blockchain. The foundation said it would be announcing new projects […]

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Lloyds Banking Group Looking For “Digital Currency Manager,” Faces Decisive Choice

The U.K.-based bank can opt to focus on bitcoin and ensure lasting change or get lost in the “crypto” realm and lose resources. Lloyds Banking Group, prominent British retail, digital and mobile bank, is searching for a “Digital Currency & Innovation, Senior Manager.” The hire will work closely with the bank and its partners and “articulate market insights into central bank digital currency, crypto assets, and stablecoins to inform” Lloyds’ payments strategy sector, per the job post. The bank, which has over 30 million customers in the […]

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Fidelity’s crypto ambitions are bigger than expected: report

Fidelity says that 90% of its biggest clients are interested in accessing Bitcoin and other cryptocurrencies. The firm is now planning to open up the digital asset space to retail investors. Fidelity’s plan to corner the cryptocurrency market appears to be more ambitious than previously imagined, as the asset manager looks to provide more institutional pathways to digital assets.  In a recent interview with the Boston Globe, Chrstine Sandler, the head of sales and marketing for Fidelity Digital Assets, said institutional interest in crypto is growing. For […]

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Mining software appears to have cracked Nvidia’s Lite Hash Rate algorithm

The exploit reportedly unlocks up to 70% of the original graphic card mining power. The team behind mining software NBMiner claim to have partially cracked Nvidia’s anti-mining limitations. Back in June Nvidia implemented an algorithm called Lite Hash Rate, or LHR, on all graphics cards from its RTX 30 series in an attempt to curb crypto mining. The limiter works on both the BIOS and driver level detecting mining algorithms and drastically reducing its mining power by up to 50% of its original capability. At the time, the […]

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