Thursday, May 14, 2020

Be excellent to each other.
All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

Other ways to interact:

Get an invite to live chat on our Slack group and check out the #altcoins channel
Daily Discussion for bitcoin only: Daily Discussion
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Bitcoin halving rush may end up in tears: Experts (current BTC/USD price is $9,750.96)

Latest Bitcoin News:

Bitcoin halving rush may end up in tears: Experts

For Trading May 15th

DJIA Reverses 835

POWELL Says, “No Neg Rates”, BUT

Today’s market was down from the start with the initial and continuing claims numbers, but it only lasted for 45 minutes before the market started back to the unchanged mark. We chopped around until 1:00PM and then we were above the prior close to stay. We finished +377.37 (1.62%), NASDAQ +80.55 (.91%), S&P 500 +32.50 (1.15%), the Russell +4.30 (.32%) and the DJ Transports +37.54 (.48%) and still -471 (5.65%) for the week. Market internals were anemic for an 835 rally at just over 1:1 on both exchanges. DJIA was 25 / 5 higher with no losses of over $3 DPs while gainers were UNH +86, AXP +39, HD +29, V +26, and JPM +24 DPs.

While Jay Powell said, “not looking at negative rates,” they really have no control over the markets. As our rates remain higher than others, we continue to be a magnet for the massive amount of money looking for a home. He may not be considering them, but he can’t really enforce the issue without some very unattractive methods of monetary controls, which, BTW, never work.

Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!

Tonight’s closing comment video https://youtu.be/MKauYKKMqeo

SECTORS: The news Taiwan Semi (TSM) that they were building an “advanced chip” facility in Arizona helped the group early and it finished $52.10 +1.18 (2.3%). AMAT followed with earnings after the close and while they were somewhat a disappointment, the stock, which closed $54.43 +2.94 (5.71%), it moved up to $57.88 and finished $57.01 +2.58.

Last night I mentioned ASCO, the Cancer Society annual meeting is in 2 weeks, and Allogene (ALLO) published their findings on a new therapy and the stock shot up from its close of $30.98 -1.56 (4.79%) to trade as high as $46.57 before closing $39.50 + 8.52. Today it continued higher and finished $42.12 +11.14 (35.96%). There will be a steady stream of these type of announcements in the next 10 days.

FOOD SUPPLY: was MIXED with TSN +1.12, BGS -.61, FLO +.20, CAG -.22 MDLZ -.01, KHC +.05, CALM +.46, JJSF -4.10, DAFM -2.35, LANC -2.17, GO +.73, and BYND +1.49.

BIOPHARMA was LOWER with BIIB +.86, ABBV +.78, REGN -6.26, ISRG +8.34, GILD +.34, MYL -.24, TEVA +.03, VRTX -2.53, BHC +.01, INCY -1.62, ICPT-2.33, LACU -1.19, and IBB $128.80 -.80 (.62%).

CANNABIS: This group was HIGHER with TLRY +.17, CGC +.79, CRON +.27, GWPH +2.45, ACB +1.85 (21.9%), PYX +.18, NBEV +.04, CURLF +.06, KERN -.15, and MJ $11.10 +.14 (1.28%).

DEFENSE: was LOWER with LMT -7.72, GD +1.41, TXT +.07, NOC -8.46, BWXT -2.43, TDY -4.79, RTX +.47, and ITA $141.12 -.58 (.41%).

RETAIL was HIGHER with M -.02, JWN +.62, KSS +.51, DDS +.62, JCP -.036 (16.29%), WMT +.28, TGT +.85, TJX +.58, RL +1.29, UAA +.11, LULU +8.52, TPR +.56, CPRI +.11, and XRT $36.22 +.18 (.50%).

FAANG and Big Cap: were HIGHER with GOOGL +6.42, AMZN +17.08, AAPL +2.55, FB +2.18, NFLX +4.72, NVDA +11.30, TSLA +12.04, BABA +2.14, BIDU +.53, CMG +29.71, CAT +1.71, BA +1.25, DIS +3.26, and XLK $93.00 +1.17 (1.27%).

FINANCIALS were HIGHER with GS +3.25, JPM +4.32, BAC +1.13, MS +1.13, C +1.92, PNC +2.18, AIG +.89, TRV +.43, AXP +6.37 (8.16%), V +4.01, and XLF $21.19 +.53 (2.57%).

OIL, $27.88 +2.20. Oil was higher today with the close right on the falling 50-day moving average. The most recent downside break occurred from just under $29.00 and may stop this move too, but we’ll have to see. All the stocks on my list were higher with XLE $36.38 +.65 (4.13%).

METALS, GOLD: $1,740.90 +24.50. After breaking the downtrend line around $17.27 we continued higher hitting $1746 before closing strong. The 5 and 20-day MAs look like they may cross to the upside, we are long NEM.

BITCOIN: closed $9,725 +405. After breaking out over $7500 we have moved as high as just over $10,000 before gapping down overnight to trade as low as $8,400 earlier this week. We continue to recover higher prices and today broke above the $10030 close from which we gapped down on Monday. We added 350 shares of GBTC Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.80 + .59 today.

Tomorrow is another day.

CAM

For Trading May 15th

DJIA Reverses 835

POWELL Says, “No Neg Rates”, BUT

Tonight’s closing comment video https://youtu.be/MKauYKKMqeo

FOOD SUPPLY: was MIXED with TSN +1.12, BGS -.61, FLO +.20, CAG -.22 MDLZ -.01, KHC +.05, CALM +.46, JJSF -4.10, DAFM -2.35, LANC -2.17, GO +.73, and BYND +1.49.

BIOPHARMA was LOWER with BIIB +.86, ABBV +.78, REGN -6.26, ISRG +8.34, GILD +.34, MYL -.24, TEVA +.03, VRTX -2.53, BHC +.01, INCY -1.62, ICPT-2.33, LACU -1.19, and IBB $128.80 -.80 (.62%).

CANNABIS: This group was HIGHER with TLRY +.17, CGC +.79, CRON +.27, GWPH +2.45, ACB +1.85 (21.9%), PYX +.18, NBEV +.04, CURLF +.06, KERN -.15, and MJ $11.10 +.14 (1.28%).

DEFENSE: was LOWER with LMT -7.72, GD +1.41, TXT +.07, NOC -8.46, BWXT -2.43, TDY -4.79, RTX +.47, and ITA $141.12 -.58 (.41%).

RETAIL was HIGHER with M -.02, JWN +.62, KSS +.51, DDS +.62, JCP -.036 (16.29%), WMT +.28, TGT +.85, TJX +.58, RL +1.29, UAA +.11, LULU +8.52, TPR +.56, CPRI +.11, and XRT $36.22 +.18 (.50%).

FINANCIALS were HIGHER with GS +3.25, JPM +4.32, BAC +1.13, MS +1.13, C +1.92, PNC +2.18, AIG +.89, TRV +.43, AXP +6.37 (8.16%), V +4.01, and XLF $21.19 +.53 (2.57%).

Tomorrow is another day.

CAM

SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - LUNO(25) - BITPANDA(10)

BE CAREFUL PLEASE - I WILL PERSONALLY PROVIDE YOU WITH MY UNIQUE LINKS AND PROMO CODES TO INSURE (PROTECT) OUR REWARDS.

BANKS - BANKING SERVICES AND CRYPTOCURRENCIES – FREE MONEY - FREE CRYPTO -SKRILL(15€/10£) - VERSE €\£5 - CURVE(5£) - WORLDREMIT(25 euros, 30CAD, 35 AUD e.t.c.) - XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) - TRANSFERGO(10£/12€) - TRANSFEWISE(5€) - CURRENCY FAIR(30€) - XAPO($10 IN BTC) - Celsius Network (UP TO $ 220 in BTC) - CRYPTO.COM ($50 in MCO) - IBANWALLET($25/25€)

Bitpanda (10) + 5 from me

Bitpanda (One of the mots known Crypto Currency Services)

PM Me for Referral Link (in order to protect both our rewards)
Verify your identity
Deposit at least €25 on your account via bank transfer
Buy €25 in cryptocurrency (for example Bitcoin (BTC), Ethereum (ETH) or (USDC) for a more stable crypto)
The €10 bonus will be added to your account
Complete the beginner quiz on https://www.bitpanda.com/academy/en/ to get €5 in BEST coins
Sell all the cryptocurrency
Transfer the money back to your bank :)

Luno(25) + 10 from me

Luno is a service to buy and sell cryptocurrencies. For new users: when buying €250 in BTC you get €15 free in BTC!

Steps:

Verify your ID (it should take a around 30mins-1hour)

Fill in my code on the 'Rewards' page. If you get "This type of promotion code can only be applied once per person" then the code was already accepted during sign-up :)

Buy €250 in Bitcoin. You can deposit through Visa, which is instant and has no fee (no MasterCard, since the fees eat up your bonus), bank transfer (using Revolut it should only take a couple of hours) or iDeal.

After buying 250€ in Bitcoins the €15 in BTC will be credited to your account within a few minutes.

Sell the Bitcoins and transfer the full amount back to your bank account. It is possible that you end up with a bit less than €265 because of fees, but this shouldn't be more than a few euros. In my case I ended up with €262.27 due to fees and BTC fluctuation.

PM me for your bonus and enjoy!

Iban Wallet ($25/25€) + 10 from me

Step 1 : SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK

Step 2 : Complete the sign up form and verify your ID. You only need a photo of it, no annoying calls to make. When it asks for a referral code, you should use mine.

Deposit €1,000/$1,000 or more. You can use a credit card or bank transfer.

Step 3 : You will immediately receive the bonus €25/$25. All €1,025/$1,025 can be immediately withdrawn.

Full terms and conditions : https://www.ibanwallet.com/terms

Xapo ($10 in BTC) +5 from me

Xapo is a nice platform for investing in cryptocurrency. They have also offer a good referral bonus of $10 paid in BTC just for depositing $100 (±£80, ±€108 ) to your Xapo account.

Here's how to get it:

SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK AND OPEN MY LINK ON YOUR PHONE (must be done on your phone so it tracks properly) and download the app.
Finish your registration by providing your phone number, e-mail address and verify your identity. You will need a picture of your Passport/ID/Driver's license and a picture/PDF of any bill with your address.
Deposit €100 by a regular SEPA transfer. It's free to do it. You can also use your card for an instant deposit but it will charge you extra 2% for it.
Your bonus of $10 in BTC will be credited immediately after your transfer reaches your Xapo account. There is no need to invest your money or do anything else with it.

You can exchange your BTC to EUR and transfer it back to your bank account.

T&C : https://static.xapo.com/terms/index.html

Celsius Network (UP TO $60 in BTC) + 5 from me

Celsius Network is a cryptocurrency investment app where you can get 8-12% yearly return on your coins. You don't need to do anything with them - just keep them in your Celsius' wallet.

They have a great referral program, which gives you $10 for signing up with my link, depositing and keeping $200 worth of coins for 30 days. You will also get some percentage of interest paid from Celsius for your investment.

They also have a lot of promotional codes which you can use to get up to $60 worth of bonuses paid in BTC.

Here are all the steps for you to get your FREE $60:

SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK and use it when signing up on the app.
Verify your identity with a picture of your Passport/ID/Driver's license. It usually takes no more than 30 minutes.

3. In Celsius app go to 'Enter a promo code' and enter these codes (depending on the amount you're willing to deposit):

· SPRING - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days

· POV- $10 bonus paid in BTC when you deposit $200 and hold it for 3 days

· PAKMAN - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days

· SAGA - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days

· MINEABLE - $10 bonus paid in BTC when you deposit $100 and hold it for 30 days

4-Deposit crypto coins to your Celsius wallet. Make sure you entered the codes BEFORE your deposit. If you're not willing to risk with holding usual crypto coins (BTC/ETH/XRP/LTC etc.), which can gain or lose value, you can simply deposit one of the stablecoins (USDΤ/GUSD/TUSD/TGBP etc.), which will keep it's value. Buy your stablecoins on another cryptocurrency exchange platform. You can buy your USDΤ on CRYPTO.COM. (Referral code for crypto.com – SEND ME A MESSAGE) Make sure you deposit your coins in one transaction (equivalent to $100 or $200).

5-Hold your coins for these required days. Afterwards just transfer your coins, together with your bonuses back to wherever you want it and cash them out.

T&C: https://celsius.network/terms-of-use/

CRYPTO.COM ($50 in MCO) + 20 from me

Crypto.com is a well-known cryptocurrency exchange, and is paying 50$ to stake your crypto on their platform for 6 month. Im paying you 25$ of my reward to make the deal even better! So to get the bonus you have to buy and stake 50 MCO on crypto.com you will lock the 50 MCO for 6 months, but the reward will be withdrawable as soon as you stake the 50 MCO - so you can withdraw your bonus instantly.

Guide:

1. Sign up via my link - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK

2. Verify your account via KYC - just follow the instructions ID will be necessary!

3. Go to “Card” in the app and make the buy and staking of MCO, you will now have unlocked your reward, make the last few steps to order the ruby steel card - this will get you, free spotify, 2% cashbacks and a lot more!

4. Sell and withdraw you reward or let the reward stay in your wallet as an investment - that’s totally up to you!

5. Write me a message so I can give you the extra 25$ to make this a great deal!

T&C: https://blog.crypto.com/update-crypto-coms-bg50-both-get-50-referral-program/

CurrencyFair (30€) +10 from me

CurrencyFair is a service to send money internationally (just like Skrill, WorldRemit, Xoom etc.). They have now increased the referral bonus to €50 for new users when making a transfer of at least €2000 (or equivalent in another currency, ~ £1765). SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. It is super easy to be obtained. I have proofs of my rewards! You must send 2000 Euros and after that you are credited 50 Euros in your CurrencyFair Account (3 Euros fee to transfer to your personal bank). The steps for the registration are very easy. Follow my link, chose to send approximate 2030 or 2040 due to the gap that CurrecyFair holds between exchange rates, verify your account (need to attach two proofs of identity and one proof of your address or one proof of your identity and two proofs of your address) and make the transfer through your Revolut or Monese account. For example, send money from Revolut EU account to Revolut GB account. Finally, your net profil will be about 20 euros.

T&C:https://www.currencyfair.com/express-deposits-terms-conditions/

Skrill (£10/€15 e.t.c.) + 5 from me

Skrill is a money transfer service, where you also get £10 referral discount for your first transfer. Skrill doesn't require any ID verification.

Here are the steps to get your FREE £10:

SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK

Choose the country where your other account is and enter £100.
Complete all the details about your EUR account on the next page.
Make sure you have written my code before submitting the transfer so you will only have to pay £90 and will receive £100 to your account.
Finish the transfer by paying with your card. Easy as that.

It never took more than 24 hours for the money to reach my account.

If you're an existing member on Skrill but have never used Skrill Money Transfer you can still enter my code for your first transfer and get the discount. Please note - it might not work for really old Skrill accounts but it's still worth trying.

Here are the different options for countries outside of UK:

EUR countries = minimum transfer of 150€ to get 15€ off transaction

Canada = minimum transfer of 200$ to get 25$ off transaction.

Australia = minimum transfer of 100$ to get 40$ off transaction

South Africa = minimum transfer of 1500 ZAR to get 250 ZAR off transaction

T&C:https://www.skrill.com/en/footer/terms-conditions/skrillaccounttermsofuse/

VERSE - €\£1 From Verse (UK or EU)

Verse is a money transfer service that has a generous reward for signing up. Steps are simple.

How to get the reward? From Verse (UK or EU) Verse is a money transfer service that has a generous reward for signing up. Steps are simple. How to get the reward?

[ HOW TO CLAIM MONEY ]

STEP 1 - SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK. DO NOT DOWNLOAD THE APP AND REGISTER AS IT IS FOR NEW USERS ONLY

STEP2 - Register using my link and load £20/€20 by linking your bank

STEP3 - Send the money to a friend or relative, or if you need assistance you can send to me and I’ll send it right back.

STEP4 - After both requirements are completed you can IMMEDIATELY claim your reward and withdrawal the money to your bank account.

If there are any inquiries, feel free to message me.

T&C:https://verse.me/en/terms

CURVE (5£) +1 from me

Curve is a great app where you can add all your debit and credit cards and spend from any of them just by choosing it with a tap of your finger.

Here's how to get your FREE £5:

Download the Curve app on your phone. You can use this link ***SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK***
Make sure to enter my code when signing up to get FREE £5 after your first transaction.
Add one of your debit or credit cards in the app.
Wait for your Curve MasterCard to arrive by post (it's completely free) and make your first payment. I added my Revolut card and topped up my Revolut account with Curve card in order to activate the bonus, so no actual spending needed. You can also add your Curve card to PayPal and verify it. It will count as a transaction and will activate the bonus.
You will be awarded FREE £5, which you can spend anywhere with your Curve card.

T&C:https://www.curve.com/en/terms

WORLDREMIT (Voucher code 25 euros, 30CAD, 35 AUD e.t.c.) + 5 from me

SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK

I send money online with WorldRemit. I think you should too. If you join and send 125.00 EUR we'll each get a 25.00 EUR voucher. Also, use the code 3FREE. The first free transactions are fee-free.

IF YOU YOU ARE NOT RESIDENT OF COUNTRY (ex. Belgium) WHERE YOU SEND MONEY TO AND DO NOT HAVE PHONE NUMBER (Belgium), BUT HAVE BELGIUM ACCOUNT, JUST FILL IN THE FIELDS WITH YOUR REAL INFORMATION. IT IS PASSED.

Warming : What is the minimum send amount to qualify for Refer a Friend? (IN this link you can find Sending from / Minimum send amount / Voucher amount)

T&C:https://www.worldremit.com/en/about-us/recipient-terms-conditions

XENDPAY (10$/€\£, or equivalent in sending currency - unlimited) + 4 from me

It a trusted and really fast money transfer service, which offers **£10 referral reward (**£10/€10/$10 or equivalent in sending currency) (so called first transfer discount) if you haven’t tried their service yet.

Here are the steps to get your **FREE (**£10/€10/$10):

SEND ME A PERSONAL MESSAGE OR BID ME AS A COMMENT TO SEND YOU MY UNIQUE LINK
Verify your identity with a picture of your Passport/ID/Driver’s license and your address with a picture of an utility bill. It took me around 4 hours to get verified, which is not too long. It was even faster for others I know.
Make your first transfer of £100 or more)(minimum sending amount is £100/€100/$100, or equivalent in sending currency) . Click ‘Send Money’ on the Dashboard. On the next page choose that you’re sending money from UK to the country where your EUR account is and write 0 next to ‘Transfer Fee’, so it becomes free. You will see £10 discount applied, which means that you will have to pay £90 for this transfer and will receive equivalent to £100 in Euros.
Enter your own personal details and your EUR account details.
Pay with your card or bank transfer.

Your money should reach your account within 1 business day.

T&C:https://xendpay.com/xendpay-terms-and-conditions/

TRANSFERGO (10£) + 5 from me

Get £10 bonus using my referral code: Enter my code when signing up to get your £10 bonus. Once you’ve transferred over £50 or equivalent, you’ll receive your £10 cashback. I love using TransferGo to send money abroad! Try it for FREE yourself! After the identity verification you will receive a code for fee-free transfer. The procedure takes about 30 minutes to be completed.

We recommend reading our terms in full.

T&C: https://www.transfergo.com/en/terms-and-conditions

TRANSFERWISE (PROVIDE YOU WITH 5€ IF YOU DO A TRANSFER OVER 250)

TransferWise provides you with a first transfer of up to 500 GBP fee-free. And, as always — you’ll get the real exchange rate whenever you send money abroad. Instant transfer. In my case, I used my Revolut card (physical or virtual) and sent money (250€) from my EU Revolut account to GBP Revolut account. The money transfer was completed after 10 second and exchanged Pounds into Euro without losing anything. SEND ME A PERSONAL MESSAGE OR BID ME A S A COMMENT TO SEND YOU MY UNIQUE LINK.

T&C: https://transferwise.com/terms-and-conditions

[uncensored-r/Bitcoin] In light of a recent campaign to rewrite the history of this event remember the truth: Bitcoin th...

The following post by MrRGnome is being replicated because some comments within the post(but not the post itself) have been silently removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ Bitcoin/comments/gjsdt1

The original post's content was as follows:

https://hackernoon.com/bip-148-uasf-first-year-anniversary-a-new-system-of-governance-223907ec298b

China Opens A New Era In Blockchain History

In 2020 the main world news about blockchain and cryptocurrency come mainly from China, whose policy in this sphere was already called “super-aggressive”. Mining state calls blockchain the main innovative technology, they say it fuels the competitive environment for the crypto business and connects large bankers and telecommunications giants.

On April 18, 2020, the Agricultural Bank of China launched a test application for using the national cryptocurrency. The acronym “DCEP” (Digital Currency Electronic Payment) is increasingly discussed in the analytic community. The app became available in test mode in large cities of the country.

The system created by the Agricultural Bank includes two types of digital currency. The first is the currency for commercial banks. The second is the issue of digital money for individuals and legal entities by commercial banks.

Although mobile payments through Alipay and WeChat Pay have been used in the daily life of the Chinese for a long time already, the government made another step and created a new cryptocurrency.

The digitalization of the global financial Chinese system and the widespread adoption of blockchain technology – that is a future caused by the actions of China, which initially remained wary of such initiatives.

A little bit of history

In October 2019 Xi Jinping, the President of China announced that the development of blockchain technology is one of the state’s priority tasks and called for boosting the development of this sphere in the country. It was heard by the grapevine that China started developing its own cryptocurrency in early 2014. The news about new crypto periodically popped up, although according to the experts, the country was more associated with strict regulatory actions. The industry was even included in the preliminary list of industries that should be banned and some blockchain conferences were closed by the police.

Much has changed with the release of Libra (Facebook cryptocurrency). Facebook is a private company with 2.3 billion users worldwide and the prospect of issuing its own currency could potentially turn the project into the main global cryptocurrency.

China took this as an incentive. First of all, an incentive to push the dollar out of the electronic payment market, and in the future, to change the entire global financial system. Looking at the example of China, and realizing what opportunities might be missed, many other countries have announced the development of their CBDC (Central Bank Digital Currency). For example, the European Central Bank, the Central Bank of South Korea, Russia, Sweden, and several other countries talk about their own developments in the field of state cryptocurrencies.

Forbes has placed the launch of the DCEP in the first place on the list of the most influential events that will determine the blockchain ecosystem in 2020.

However, China has always been the largest cryptocurrency miner. Huge mining farms and some of the largest cryptocurrency exchanges are based here. And while Xi Jinping’s statement was logical and expected, official support from the authorities led to major investments and blockchain research. The Chinese telecommunications giants have been given the green light to freely innovate. In fact, they were given tremendous power. Immediately after the October announcement, shares of Chinese technology companies rose significantly, as well as Bitcoin prices. Requests for the term “blockchain” in the Chinese searching engines have grown up 60 times.

Blockchain Bonds

The scale of China’s actions is huge nowadays. One of China's largest commercial banks, Bank of China (BoC), issued blockchain bonds for $2.8 billion. Two-year bonds will go on sale with an interest rate on the coupon of 3.25% per annum.

The Bank of China intends to direct the raised funds to support small and medium-sized businesses. Entrepreneurs will be able to obtain loans at lower rates since the blockchain system allows the bank to reduce the cost of issuing and circulating debt instruments.

What positive changes will the project bring?

The introduction of the DCEP system will help the People's Bank of China reduce the cost of issuing money. It will also help reduce the commercial banks’ costs in transactions, improve the business climate in the field of innovation, and minimize risks. When making an interbank transfer using the new currency, users will not be charged a transaction fee. DCEP will allow us to make transfers within the country and abroad easily. It is most likely that the DCEP platform will have more opportunities and advantages. Now the world needs to accept the fact that the monetary and financial system has entered a new era.

https://preview.redd.it/awjf922x9qy41.png?width=3300&format=png&auto=webp&s=67cfecc57fd71b30242c2406e9f5e537ec1636ca

What should we write about next? Leave your thoughts in the comments, and we'll post another article soon!

China Opens A New Era In Blockchain History

Although mobile payments through Alipay and WeChat Pay have been used in the daily life of the Chinese for a long time already, the government made another step and created a new cryptocurrency.

A little bit of history

Forbes has placed the launch of the DCEP in the first place on the list of the most influential events that will determine the blockchain ecosystem in 2020.

Blockchain Bonds

What positive changes will the project bring?

What should we write about next? Leave your thoughts in the comments, and we'll post another article soon!

China Opens A New Era In Blockchain History

Although mobile payments through Alipay and WeChat Pay have been used in the daily life of the Chinese for a long time already, the government made another step and created a new cryptocurrency.

A little bit of history

Forbes has placed the launch of the DCEP in the first place on the list of the most influential events that will determine the blockchain ecosystem in 2020.

Blockchain Bonds

What positive changes will the project bring?

https://preview.redd.it/kf3xw3az9qy41.png?width=3300&format=png&auto=webp&s=18306abbfb2ef9a24006b3574c019bd191d367f2

What should we write about next? Leave your thoughts in the comments, and we'll post another article soon!

[uncensored-r/BitcoinMarkets] Licensing Guide – Payment Services Act (“PSA”)

The following post by dhakosla_com is being replicated because the post has been silently removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ BitcoinMarkets/comments/gjfo9q

The original post's content was as follows:

Payment Services Act (“PSA”) came into effect in Singapore on 28 January 2020 and it streamlines payment services regulatory framework under a single piece of legislation. MAS has introduced 2 parallel regulatory frameworks.

Licensing Guide – Payment Services Act (“PSA”)

China Opens A New Era In Blockchain History

Although mobile payments through Alipay and WeChat Pay have been used in the daily life of the Chinese for a long time already, the government made another step and created a new cryptocurrency.

A little bit of history

Forbes has placed the launch of the DCEP in the first place on the list of the most influential events that will determine the blockchain ecosystem in 2020.

Blockchain Bonds

What positive changes will the project bring?

https://preview.redd.it/uvhufv0v9qy41.png?width=3300&format=png&auto=webp&s=eb6209f26b316e56cb28259b0a31213f788afd66

What should we write about next? Leave your thoughts in the comments, and we'll post another article soon!

China Opens A New Era In Blockchain History

Although mobile payments through Alipay and WeChat Pay have been used in the daily life of the Chinese for a long time already, the government made another step and created a new cryptocurrency.

A little bit of history

Forbes has placed the launch of the DCEP in the first place on the list of the most influential events that will determine the blockchain ecosystem in 2020.

Blockchain Bonds

What positive changes will the project bring?

https://preview.redd.it/f7c1sjxp9qy41.png?width=3300&format=png&auto=webp&s=42617173bbd1b6157fcc9d458ffe95c3b1d65068

What should we write about next? Leave your thoughts in the comments, and we'll post another article soon!

China Opens A New Era In Blockchain History

Although mobile payments through Alipay and WeChat Pay have been used in the daily life of the Chinese for a long time already, the government made another step and created a new cryptocurrency.

A little bit of history

Forbes has placed the launch of the DCEP in the first place on the list of the most influential events that will determine the blockchain ecosystem in 2020.

Blockchain Bonds

What positive changes will the project bring?

https://preview.redd.it/o6zu9nz0aqy41.png?width=3300&format=png&auto=webp&s=d2a2aaf55525b745455af1b3a5dd23d87a69ed2f

What should we write about next? Leave your thoughts in the comments, and we'll post another article soon!

Esports vs Virtual Sports for all — explained by BestBitcoinCasino.com

Many have now set their eyes on esports and virtual sports amid the coronavirus outbreak as sports matches have been put on hold for an indefinite time. But many still confuse esports for virtual sports, and the other way around. This is why the editorial team of BestBitcoinCasino.com decided to clear those for you!

With online sports betting industry suffering a huge blow from the COVID-19 pandemic, sports bettors have shifted their focus on esports and virtual sports for the past weeks. This has resulted in the increasing popularity of esports betting, as well as the reemergence of virtual sports betting.

These two — esports and virtual sports — are by no means similar to each other, but there are some identical features at first glance. This is the reason why it is easy to get these two completely different markets mixed up. Here, we will look at how these two are different in terms of what they are and what they offer.

How Do Esports and Virtual Sports Differ?

The simplest way to understand the difference between these two is to know what esports and virtual sports are.

Esports

Esports is the term given to the idea of gaming seen as a sport. This involves the video game industry, which produces games that have reach mainstream popularity, so much so that professional players join tournaments and compete to win prizes. This concept simply involves a video game that real players play.

Some of the popular esports games are:

Counter-Strike: Global Offensive
League of Legends
Fortnite
Dota 2
Call of Duty
Overwatch

Virtual Sports

Compared to esports, virtual sports are computer-generated sports like football, racing, basketball, etc. with fixed results. Human intervention in these games is absent, thereby leaving the fate of the matches entirely dependent on the RNG software. In short, no players control the outcome of the matches.

From the perspective of online betting, esports betting is more attuned to the mechanics of sports betting relative to real-life sporting events and matches. Virtual sports betting, on the other hand, is similar to playing RNG games but with the focus on popular sports.

Opportunities for Esports Betting and Virtual Sports Betting

Before anything else, it is important to assess where the attention on esports betting and virtual sports betting are coming from.

Why Are Esports and Virtual Sports Popular?

Esports betting includes the most popular video games on computers, consoles, and mobile.
Esports betting involves the biggest esports tournaments and events happening across the world.
Virtual sports betting enables bettors to make sound decisions based on statistics.
Virtual sports betting treats virtual sports similar to real-life sports matches in terms of schedule, team’s game style, etc.

With these, there are various ways esports betting and virtual sports betting can change or improve. For one, organizers can set up more esports competitions using top video games that professional players can join and on which bettors can wager. An example of this was when pro racers joined the friendly tournaments of Formula 1 and NASCAR during the coronavirus pandemic. This has opened doors for other games to enter the world of esports and potentially receive positive reception, as well as join the ranks of the most popular esports games to date.

Virtual sports betting, on the other hand, can include more sports as well other than football, horse racing, and basketball. iGaming software companies can focus on developing more virtual sports titles for hockey, tennis, American football, MMA, and boxing, to name a few.

Moreover, as to how long the need to stay indoors and practice social distancing during these difficult times remains unknown, operators and organizers can continue to bank on the renewed interest in esports betting and virtual sports betting. They can also use this popularity as a first step to fully launch virtual sports betting as a solid betting option and not just as an alternative to online sports betting.

Do you know some other valuable information that we could share on the topic? Comment below

Bitcoin halving event could signal big price increase -

https://www.valuewalk.com/2020/05/bitcoin-halving-event-price/

If Bitcoin hits $15,000 after the recent bitcoin halving event, what will you do with your long-term position?

1) HODL everything

2) Sell some/ all for fiat

3) Sell for physical asset

4) Other (comment answer)

Do share your thought with us. So, that together we can make the most out of our BTC. Thank you.

📢 Beginner Guide To Super Bitcoin From Scratch To Hatch

This article is like a Beginner guide to Super Bitcoin which helps you in a better understanding of the improved version of Bitcoin.....read more 👉🏻https://bit.ly/2WvMdWs

#bitcoin #bitcoinbeginnerguide #Cryptocommunity #superbitcoin #BTC #Comprehensiveguidetobitcoin #Bitcoinnews #cryptonews #Cryptocurrencies

Weekly general discussion - May 14, 2020

Welcome to the weekly general discussion thread of /r/btcsv! Thread topics include, but are not limited to: General discussion related to the weeks events, questions that don't deserve their own thread. Please discuss prices in the Weekly Bitcoin markets and price discussion thread.

Why TrueDEX chooses Bitcoin SV (current BTC/USD price is $9,435.15)

Latest Bitcoin News:

Why TrueDEX chooses Bitcoin SV

The Rise of Digital Payments

https://preview.redd.it/jm1m2g05uoy41.png?width=3800&format=png&auto=webp&s=74ed4ae1ee25ad25ec0f03c03e6f6e8cea86e30b

When I was young, I remembered my teacher asked: “Hands up to those who think money is not important.” I raised my hand and he asked why. Being a naive 9 year old, I hesitantly answered “There are many other things that are far more important than money – health, clean air, etc. He then answered “True. But, you need money to build a mechanism with the purpose of maintaining clean air. You need money to buy medicine to recover your health. The list goes on. It’s a painful truth. But, the world revolves around money – whether we like or not.” It taught me the meaning of “value” and the impact money had on the world as well as external factors that impact the value of money.

Currently, we are facing a global pandemic that threatens our precious lives. Coronavirus started to create panic in China around November 2019. Little did we know that it had the power to cause such drastic changes especially towards the economy with multiple currency downturn. The most affected currency is the China dollar as well as China’s largest trading partner Australia and New Zealand, affecting their currency drop. Cryptocurrency has been taking a major hit as well with the market crash that happened early in March. The cause of the market crash was, however, unclear.

In other news, Bitcoin, a cryptocurrency that was initially perceived as a “safe haven” asset that is expected to retain or increase in value was seen to be a risky asset. For some, Bitcoin was bought at a low price to be resold at a higher price. Whereas some genuinely utilize it and consider it as a substitute to fiat currencies. Sadly, due to recent events, Bitcoin is once again seen as a risky asset that takes investors in a worry-joy roller coaster ride. According to experts, the crash was due to a general panic on the stock exchanges. Consequently, some investors began to rethink their investment strategies by selling their cryptocurrency assets most probably to pay off urgent debts and prepare for the pandemic by preparing for food and supplies.

History will record the occurrence of global panic buying, deaths, and peculiar drastic trends such as masks, cleaning supplies, and shockingly, a rise in digital wallet usage. As people become more health conscious while the government and doctors learn to contain the spread of coronavirus, thankfully, the economy is slightly improving. Analysts predict that the market will begin to recover gradually in the coming months, following a similar pattern to the SARS outbreak in March 2013, as the currency markets went back to normal after 2 months SARS was under control. However, as the economy slowly reverts, what will happen to consumer’s trend of making digital payments?

Digital Payments Post-Pandemic

When experts revealed that cash is able to transport live virus for up to 17 days, people have immediately switched to digital payments in fear of spreading or getting infected by the virus from money transference. On the other hand, the U.S. Federal Reserve increased the minimum holding period for bills coming from Asia and Europe in an attempt to contain the spread. China and South Korea take it to another level by disinfecting money and burning it. Multiple banks have also encouraged the use of contactless payments such as online banking to avoid overcrowding of ATM terminals to withdraw money. These incidents have led experts to believe that digital payments are the future.

A world without cash. Canada, Sweden, and the UK are among the top cashless countries. But, what would happen if other countries follow their footsteps? The absence of cash could attract many benefits such as crime reduction. People are able to eliminate the risk of being a target by not carrying cash as debit and credit cards can be easily reported and canceled if reported stolen. Whereas, if cash is stolen, it’s impossible to retrieve it back unlike digital currencies such as Bitcoin and online banking that enables you to keep track of your transactions. On the other hand, a complete cashless world is impossible as the poor remain dependent on cash. It might even cause a return to barter among the poor to exchange one thing for another in order to survive. This could, however, be avoided if there is a global strategic plan transforming the way humans live. Is it possible, though?