Tuesday, May 19, 2020

Bitcoin

Bitcoin is about to usher in the third halving in May, which means that it is more difficult to obtain Bitcoin.

However, some market participants said that just after the first halving of BCH and BSV in the first few trading days, the two led the decline in cryptocurrencies, and as Bitcoin fell below the $ 7,000 mark again, Bitcoin could usher in a substantial rebound Is unknown.

It is reported that the number of Bitcoins created every 10 minutes is halved every 4 years. This is called Bitcoin halving. As of now, there have been two halving events of BTC block rewards in history. The first time occurred on November 28, 2012, the reward for digging a block was reduced from 50 BTC to 25 BTC; the second happened on July 10, 2016, the reward for digging a block was 25 One BTC is reduced to 12.5 BTC.


5000 BTC Giveaway Scam: Chamath Palihapitiya, Elon Musk Not Giving Away Bitcoin (current BTC/USD price is $9,717.80)

Latest Bitcoin News:

5000 BTC Giveaway Scam: Chamath Palihapitiya, Elon Musk Not Giving Away Bitcoin

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


[Daily Discussion] Wednesday, May 20, 2020

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Altcoin Discussion] Wednesday, May 20, 2020

Thread topics include, but are not limited to:

  • Discussion related to recent events
  • Technical analysis, trading ideas & strategies
  • General questions about altcoins

Thread guidelines:

  • 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:


BetFury 2.0

https://betfury.io/?r=5e0c16fcf3881367d8c34306

Free Bitcoins for registration! Prize pool — 2 BTC💰 (≈$18 000💵) Reward will be available after the launch to the platform🚀

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@binance: Over a month has passed since #Binance released the OTC Trading Portal. During this time, we’ve seen the Bitcoin halving event come and go and thought it would be interesting to share what users were buying/selling on the portal post-Bitcoin halving. https://t.co/OfMaa0Xgaa

https://mobile.twitter.com/binance/status/1262930030151249920

I'm aiming to build an easy-to-understand Bitcoin guide. Searching for every article titled "Bitcoin is officially dead" or something similar.

With the guide, my goal is describe the value and power dynamics of Bitcoin (rather than only the tech).

I'm looking for articles that called Bitcoin "officially dead" or "finally unraveling." Anything like that, and the more confident the title, the better.

https://preview.redd.it/nnkesqrjrtz41.png?width=1296&format=png&auto=webp&s=b3f7eccbb61dba4c46bbbabd628c43f829bda6c3

Guessing there might be examples back to 2011 or so.

On the flip side of this, would also be cool to have over-optimistic articles too. Something from 2017 like "Bitcoin definitely headed towards $50K by year's end"

The goal is to show how people consistently overreact in both directions.

Wanted to ask here because I have a feeling there may be some really good examples of this.



I'm aiming to build an easy-to-understand Bitcoin guide. Searching for every article titled "Bitcoin is officially dead" or something similar. (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/gn2dak/im_aiming_to_build_an_easytounderstand_bitcoin/

For Trading May 20th

DJIA Rally Falters

POWELL & Mnuchin Visit the Hill

Today’s market was slightly stronger, and we started the day with the Housing starts and permits, and they really didn’t have much effect since they were lower, but just about as expected. Permits were actually -20.8% but better than 27.6 from last month. After being down around 200 by 10:00AM, we fought back up to just slightly over unchanged and stayed around that level until 3:00 when we broke to the downside for good. The DJIA finished -390.51 (1.59%), NASDAQ -49.73 (.54%), S&P 500 -30.97 (1.05, the Russell -25.96 (1.96% and the DJ Transports -93.93 (1.13%). Market internals were nothing special with A/D 1.7:1 on the NYSE and 1.9:1 on the NAZ. Volume was a bit light and the weakest sectors were Energy, financial and real estate. The DJIA was 3 up and 27 down with the biggest losers being HD -50, BA -34, UNH -30, GS -26, and PG -25 DP’s.

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/pgkZIcywPX8

SECTORS: The news was Housing starts and permits that were no surprise, but we also had earnings from WMT. The retailer beat expectations and when I did my Pre-open comment the stock was actually trading $132.60 +4.94 (3.9%) in the pre-market trading session. The stock never came close to that number opening $131.60 and falling back to close $124.95 -2.71 (2.12%). HD also reported but it was a miss that was blamed on COVID-19 related expenses had weighed on profits. The stock gapped down to open $240.45 and then traded to $237.80 and closed $238.10 -7.25 (2.95). In retail, KSS also reported, and while WMT turned out to be a disappointment, KSS didn’t have the option to be open, and it showed. After the numbers, they suspended the dividend and said they were replacing several brands in favor of more women’s activewear.

FOOD SUPPLY: was LOWER with TSN -2.02, BGS -.29, FLO -.11, CAG -.75, MDLZ -1.07, KHC -.92, CALM -1.31, JJSF -3.78, SAFM -8.00 (5.63%), LANC -2.56, GO unchanged and PBJ $30.72 -.43 (1.39%).

BIOPHARMA was LOWER with BIIB -5.80, ABBV -.42, REGN +.71, ISRG -7.14, GILD -2.28, MYL -.39, TEVA +.25, VRTX -1.63, BHC +.34, INCY -1.54, ICPT +.92, LABU -4.40 (8.47%) and IBB $130.68 -3.10 (2.32%).

CANNABIS: This group was MIXED with TLRY +.16, CGC +.98, CRON +.03, GWPH +2.05, ACB -2.23, PYX -.74 (26.06%), NBEV +.04, CURLF -.87 (13.36%), KERN +.49, and MJ $12.66 -.28 (2.16%).

DEFENSE: was LOWER with LMT -5.94, GD -3.29, TXT -.70, NOC -3.17, BWXT -.32, TDY -2.35, RTX +.25 and ITA $149.14 -2.24 (1.48%).

RETAIL was LOWER with M -.30, JWN -.62, KSS -1.41 (7.48%), DDS -1.18, DELETING JCP AS OF TONIGHT, WMT -2.41 see above, TGT -1.36, TJX +.74, RL -.66, UAA -.28, LULU -3.67, TPR -.62, CPRI -.88 and XRT $38.04 -.48 (1.25%).

FAANG and Big Cap: were MIXED with GOOGL -11.17, AMZN +28.54, AAPL -.42, FB +5.16, NFLX -.66, NVDA +5.46, TSLA -2.53, BABA +2.47, BIDU +2.01, CMG +10.72, CAT -2.02, BA -4.24, DIS -1.85 and XLK $95.41 -.35 (.37%).

FINANCIALS were LOWER with GS -3.36, JPM -1.53, BAC -.62, MS -.82, C -1.10, PNC -2.56, AIG -.76, TRV -1.30, AXP -.76, V -.99, and XLF $21.59 -.54 (2.44%).

OIL, $31.96 +.31. Oil was higher today with the close right on the falling 50-day moving average. I thought that the most recent downside break occurred from just under $29.00 and may stop this move too, but as we saw, it went right through that level. All the stocks on my list were lower with XLE $37.84 -1.09 (2.8%).

METALS, GOLD: $1,745.60 + 11.20. After breaking the downtrend line around $1727 we came all the way back to test it this morning, before we continued higher and closing strong.

BITCOIN: closed $9,680 -65. 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 $11.38 -.03 today.

Tomorrow is another day.

CAM



For Trading May 20th

DJIA Rally Falters

POWELL & Mnuchin Visit the Hill

Today’s market was slightly stronger, and we started the day with the Housing starts and permits, and they really didn’t have much effect since they were lower, but just about as expected. Permits were actually -20.8% but better than 27.6 from last month. After being down around 200 by 10:00AM, we fought back up to just slightly over unchanged and stayed around that level until 3:00 when we broke to the downside for good. The DJIA finished -390.51 (1.59%), NASDAQ -49.73 (.54%), S&P 500 -30.97 (1.05, the Russell -25.96 (1.96% and the DJ Transports -93.93 (1.13%). Market internals were nothing special with A/D 1.7:1 on the NYSE and 1.9:1 on the NAZ. Volume was a bit light and the weakest sectors were Energy, financial and real estate. The DJIA was 3 up and 27 down with the biggest losers being HD -50, BA -34, UNH -30, GS -26, and PG -25 DP’s.

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/pgkZIcywPX8

SECTORS: The news was Housing starts and permits that were no surprise, but we also had earnings from WMT. The retailer beat expectations and when I did my Pre-open comment the stock was actually trading $132.60 +4.94 (3.9%) in the pre-market trading session. The stock never came close to that number opening $131.60 and falling back to close $124.95 -2.71 (2.12%). HD also reported but it was a miss that was blamed on COVID-19 related expenses had weighed on profits. The stock gapped down to open $240.45 and then traded to $237.80 and closed $238.10 -7.25 (2.95). In retail, KSS also reported, and while WMT turned out to be a disappointment, KSS didn’t have the option to be open, and it showed. After the numbers, they suspended the dividend and said they were replacing several brands in favor of more women’s activewear.

FOOD SUPPLY: was LOWER with TSN -2.02, BGS -.29, FLO -.11, CAG -.75, MDLZ -1.07, KHC -.92, CALM -1.31, JJSF -3.78, SAFM -8.00 (5.63%), LANC -2.56, GO unchanged and PBJ $30.72 -.43 (1.39%).

BIOPHARMA was LOWER with BIIB -5.80, ABBV -.42, REGN +.71, ISRG -7.14, GILD -2.28, MYL -.39, TEVA +.25, VRTX -1.63, BHC +.34, INCY -1.54, ICPT +.92, LABU -4.40 (8.47%) and IBB $130.68 -3.10 (2.32%).

CANNABIS: This group was MIXED with TLRY +.16, CGC +.98, CRON +.03, GWPH +2.05, ACB -2.23, PYX -.74 (26.06%), NBEV +.04, CURLF -.87 (13.36%), KERN +.49, and MJ $12.66 -.28 (2.16%).

DEFENSE: was LOWER with LMT -5.94, GD -3.29, TXT -.70, NOC -3.17, BWXT -.32, TDY -2.35, RTX +.25 and ITA $149.14 -2.24 (1.48%).

RETAIL was LOWER with M -.30, JWN -.62, KSS -1.41 (7.48%), DDS -1.18, DELETING JCP AS OF TONIGHT, WMT -2.41 see above, TGT -1.36, TJX +.74, RL -.66, UAA -.28, LULU -3.67, TPR -.62, CPRI -.88 and XRT $38.04 -.48 (1.25%).

FAANG and Big Cap: were MIXED with GOOGL -11.17, AMZN +28.54, AAPL -.42, FB +5.16, NFLX -.66, NVDA +5.46, TSLA -2.53, BABA +2.47, BIDU +2.01, CMG +10.72, CAT -2.02, BA -4.24, DIS -1.85 and XLK $95.41 -.35 (.37%).

FINANCIALS were LOWER with GS -3.36, JPM -1.53, BAC -.62, MS -.82, C -1.10, PNC -2.56, AIG -.76, TRV -1.30, AXP -.76, V -.99, and XLF $21.59 -.54 (2.44%).

OIL, $31.96 +.31. Oil was higher today with the close right on the falling 50-day moving average. I thought that the most recent downside break occurred from just under $29.00 and may stop this move too, but as we saw, it went right through that level. All the stocks on my list were lower with XLE $37.84 -1.09 (2.8%).

METALS, GOLD: $1,745.60 + 11.20. After breaking the downtrend line around $1727 we came all the way back to test it this morning, before we continued higher and closing strong.

BITCOIN: closed $9,680 -65. 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 $11.38 -.03 today.

Tomorrow is another day.

CAM



Grayscale Buys 33% of All Bitcoin Mined in Last Three Months (current BTC/USD price is $9,670.19)

Latest Bitcoin News:

Grayscale Buys 33% of All Bitcoin Mined in Last Three Months

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


Binance support phone number (+𝟏) 𝟖𝟖𝟖-𝟑𝟏𝟎-𝟕𝟏𝟗𝟒 comprehensive surveillance infrastructure, it could well spell

Binance support phone number (+1) 888-310-7194

Binance support number 1888-310-7194 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located.

To kick off ConsenSys' Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Binance support number 1888-310-7194 brand.

Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China's digital yuan were unlikely to be competitors to existing stablecoin providers; how Binance support number 1888-310-7194's smart chain wouldn't tread on Ethereum's toes – "that depends on the definition of competing," he said – and how Binance support number 1888-310-7194 had an incentive to keep its newly acquired CoinMarketCap independent from the exchange.

There were only five minutes left on the clock. Zhao was looking confident; he had just batted away a thorny question about an ongoing lawsuit. It was looking like the home stretch.

Then it hit. Shin asked the one question Zhao really didn't want to have to answer, but many want to know: Where is Binance support number 1888-310-7194's headquarters?

This seemingly simple question is actually more complex. Until February, Binance support number 1888-310-7194 was considered to be based in Malta. That changed when the island European nation announced that, no, Binance support number 1888-310-7194 is not under its jurisdiction. Since then Binance support number 1888-310-7194 has not said just where, exactly, it is now headquartered.

Little wonder that when asked Zhao reddened; he stammered. He looked off-camera, possibly to an aide. "Well, I think what this is is the beauty of the blockchain, right, so you don't have to ... like where's the Bitcoin office, because Bitcoin doesn't have an office," he said.

The line trailed off, then inspiration hit. "What kind of horse is a car?" Zhao asked. Binance support number 1888-310-7194 has loads of offices, he continued, with staff in 50 countries. It was a new type of organization that doesn't need registered bank accounts and postal addresses.

"Wherever I sit, is going to be the Binance support number 1888-310-7194 office. Wherever I need somebody, is going to be the Binance support number 1888-310-7194 office," he said.

Zhao may have been hoping the host would move onto something easier. But Shin wasn't finished: "But even to do things like to handle, you know, taxes for your employees, like, I think you need a registered business entity, so like why are you obfuscating it, why not just be open about it like, you know, the headquarters is registered in this place, why not just say that?"

Zhao glanced away again, possibly at the person behind the camera. Their program had less than two minutes remaining. "It's not that we don't want to admit it, it's not that we want to obfuscate it or we want to kind of hide it. We're not hiding, we're in the open," he said.

Shin interjected: "What are you saying that you're already some kind of DAO [decentralized autonomous organization]? I mean what are you saying? Because it's not the old way [having a headquarters], it's actually the current way ... I actually don't know what you are or what you're claiming to be."

Zhao said Binance support number 1888-310-7194 isn't a traditional company, more a large team of people "that works together for a common goal." He added: "To be honest, if we classified as a DAO, then there's going to be a lot of debate about why we're not a DAO. So I don't want to go there, either."

"I mean nobody would call you guys a DAO," Shin said, likely disappointed that this wasn't the interview where Zhao made his big reveal.

Time was up. For an easy question to close, Shin asked where Zhao was working from during the coronavirus pandemic.

"I'm in Asia," Zhao said. The blank white wall behind him didn't provide any clues about where in Asia he might be. Shin asked if he could say which country – after all, it's the Earth's largest continent.

"I prefer not to disclose that. I think that's my own privacy," he cut in, ending the interview.

It was a provocative way to start the biggest cryptocurrency and blockchain event of the year.

In the opening session of Consensus: Distributed this week, Lawrence Summers was asked by my co-host Naomi Brockwell about protecting people’s privacy once currencies go digital. His answer: “I think the problems we have now with money involve too much privacy.”

President Clinton’s former Treasury secretary, now President Emeritus at Harvard, referenced the 500-euro note, which bore the nickname “The Bin Laden,” to argue the un-traceability of cash empowers wealthy criminals to finance themselves. “Of all the important freedoms,” he continued, “the ability to possess, transfer and do business with multi-million dollar sums of money anonymously seems to me to be one of the least important.” Summers ended the segment by saying that “if I have provoked others, I will have served my purpose.”

You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here.

That he did. Among the more than 20,000 registered for the weeklong virtual experience was a large contingent of libertarian-minded folks who see state-backed monitoring of their money as an affront to their property rights.

But with due respect to a man who has had prodigious influence on international economic policymaking, it’s not wealthy bitcoiners for whom privacy matters. It matters for all humanity and, most importantly, for the poor.

Now, as the world grapples with how to collect and disseminate public health information in a way that both saves lives and preserves civil liberties, the principle of privacy deserves to be elevated in importance.

Just this week, the U.S. Senate voted to extend the 9/11-era Patriot Act and failed to pass a proposed amendment to prevent the Federal Bureau of Investigation from monitoring our online browsing without a warrant. Meanwhile, our heightened dependence on online social connections during COVID-19 isolation has further empowered a handful of internet platforms that are incorporating troves of our personal data into sophisticated predictive behavior models. This process of hidden control is happening right now, not in some future "Westworld"-like existence.

Digital currencies will only worsen this situation. If they are added to this comprehensive surveillance infrastructure, it could well spell the end of the civil liberties that underpin Western civilization.

Yes, freedom matters

Please don’t read this, Secretary Summers, as some privileged anti-taxation take or a self-interested what’s-mine-is-mine demand that “the government stay away from my money.”

Money is just the instrument here. What matters is whether our transactions, our exchanges of goods and services and the source of our economic and social value, should be monitored and manipulated by government and corporate owners of centralized databases. It’s why critics of China’s digital currency plans rightly worry about a “panopticon” and why, in the wake of the Cambridge Analytica scandal, there was an initial backlash against Facebook launching its libra currency.

Writers such as Shoshana Zuboff and Jared Lanier have passionately argued that our subservience to the hidden algorithms of what I like to call “GoogAzonBook” is diminishing our free will. Resisting that is important, not just to preserve the ideal of “the self” but also to protect the very functioning of society.

Markets, for one, are pointless without free will. In optimizing resource allocation, they presume autonomy among those who make up the market. Free will, which I’ll define as the ability to lawfully transact on my own terms without knowingly or unknowingly acting in someone else’s interests to my detriment, is a bedrock of market democracies. Without a sufficient right to privacy, it disintegrates – and in the digital age, that can happen very rapidly.

Also, as I’ve argued elsewhere, losing privacy undermines the fungibility of money. Each digital dollar should be substitutable for another. If our transactions carry a history and authorities can target specific notes or tokens for seizure because of their past involvement in illicit activity, then some dollars become less valuable than other dollars.

The excluded

But to fully comprehend the harm done by encroachments into financial privacy, look to the world’s poor.

An estimated 1.7 billion adults are denied a bank account because they can’t furnish the information that banks’ anti-money laundering (AML) officers need, either because their government’s identity infrastructure is untrusted or because of the danger to them of furnishing such information to kleptocratic regimes. Unable to let banks monitor them, they’re excluded from the global economy’s dominant payment and savings system – victims of a system that prioritizes surveillance over privacy.

Misplaced priorities also contribute to the “derisking” problem faced by Caribbean and Latin American countries, where investment inflows have slowed and financial costs have risen in the past decade. America’s gatekeeping correspondent banks, fearful of heavy fines like the one imposed on HSBC for its involvement in a money laundering scandal, have raised the bar on the kind of personal information that regional banks must obtain from their local clients.

And where’s the payoff? Despite this surveillance system, the U.N. Office on Drugs and Crime estimates that between $800 billion and $2 trillion, or 2%-5% of global gross domestic product, is laundered annually worldwide. The Panama Papers case shows how the rich and powerful easily use lawyers, shell companies, tax havens and transaction obfuscation to get around surveillance. The poor are just excluded from the system.

Caring about privacy

Solutions are coming that wouldn’t require abandoning law enforcement efforts. Self-sovereign identity models and zero-knowledge proofs, for example, grant control over data to the individuals who generate it, allowing them to provide sufficient proof of a clean record without revealing sensitive personal information. But such innovations aren’t getting nearly enough attention.

Few officials inside developed country regulatory agencies seem to acknowledge the cost of cutting off 1.7 billion poor from the financial system. Yet, their actions foster poverty and create fertile conditions for terrorism and drug-running, the very crimes they seek to contain. The reaction to evidence of persistent money laundering is nearly always to make bank secrecy laws even more demanding. Exhibit A: Europe’s new AML 5 directive.

To be sure, in the Consensus discussion that followed the Summers interview, it was pleasing to hear another former U.S. official take a more accommodative view of privacy. Former Commodities and Futures Trading Commission Chairman Christopher Giancarlo said that “getting the privacy balance right” is a “design imperative” for the digital dollar concept he is actively promoting.

But to hold both governments and corporations to account on that design, we need an aware, informed public that recognizes the risks of ceding their civil liberties to governments or to GoogAzonBook.

Let’s talk about this, people.

A missing asterisk

Control for all variables. At the end of the day, the dollar’s standing as the world’s reserve currency ultimately comes down to how much the rest of the world trusts the United States to continue its de facto leadership of the world economy. In the past, that assessment was based on how well the U.S. militarily or otherwise dealt with human- and state-led threats to international commerce such as Soviet expansionism or terrorism. But in the COVID-19 era only one thing matters: how well it is leading the fight against the pandemic.

So if you’ve already seen the charts below and you’re wondering what they’re doing in a newsletter about the battle for the future of money, that’s why. They were inspired by a staged White House lawn photo-op Tuesday, where President Trump was flanked by a huge banner that dealt quite literally with a question of American leadership. It read, “America Leads the World in Testing.” That’s a claim that’s technically correct, but one that surely demands a big red asterisk. When you’re the third-largest country by population – not to mention the richest – having the highest number of tests is not itself much of an achievement. The claim demands a per capita adjustment. Here’s how things look, first in absolute terms, then adjusted for tests per million inhabitants.

Binance support number 1888-310-7194 has frozen funds linked to Upbit’s prior $50 million data breach after the hackers tried to liquidate a part of the gains. In a recent tweet, Whale Alert warned Binance support number 1888-310-7194 that a transaction of 137 ETH (about $28,000) had moved from an address linked to the Upbit hacker group to its wallets.

Less than an hour after the transaction was flagged, Changpeng Zhao, the CEO of Binance support number 1888-310-7194, announced that the exchange had frozen the funds. He also added that Binance support number 1888-310-7194 is getting in touch with Upbit to investigate the transaction. In November 2019, Upbit suffered an attack in which hackers stole 342,000 ETH, accounting for approximately $50 million. The hackers managed to take the funds by transferring the ETH from Upbit’s hot wallet to an anonymous crypto address.


Binance support number (+𝟷) 𝟾𝟾𝟾-𝟹𝟷𝟶-𝟽𝟷𝟿𝟺 smart chain wouldn't tread on Ethereum's toes

Binance support number (+1) 888-310-7194

Binance support number 1888-310-7194 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located.

To kick off ConsenSys' Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Binance support number 1888-310-7194 brand.

Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China's digital yuan were unlikely to be competitors to existing stablecoin providers; how Binance support number 1888-310-7194's smart chain wouldn't tread on Ethereum's toes – "that depends on the definition of competing," he said – and how Binance support number 1888-310-7194 had an incentive to keep its newly acquired CoinMarketCap independent from the exchange.

There were only five minutes left on the clock. Zhao was looking confident; he had just batted away a thorny question about an ongoing lawsuit. It was looking like the home stretch.

Then it hit. Shin asked the one question Zhao really didn't want to have to answer, but many want to know: Where is Binance support number 1888-310-7194's headquarters?

This seemingly simple question is actually more complex. Until February, Binance support number 1888-310-7194 was considered to be based in Malta. That changed when the island European nation announced that, no, Binance support number 1888-310-7194 is not under its jurisdiction. Since then Binance support number 1888-310-7194 has not said just where, exactly, it is now headquartered.

Little wonder that when asked Zhao reddened; he stammered. He looked off-camera, possibly to an aide. "Well, I think what this is is the beauty of the blockchain, right, so you don't have to ... like where's the Bitcoin office, because Bitcoin doesn't have an office," he said.

The line trailed off, then inspiration hit. "What kind of horse is a car?" Zhao asked. Binance support number 1888-310-7194 has loads of offices, he continued, with staff in 50 countries. It was a new type of organization that doesn't need registered bank accounts and postal addresses.

"Wherever I sit, is going to be the Binance support number 1888-310-7194 office. Wherever I need somebody, is going to be the Binance support number 1888-310-7194 office," he said.

Zhao may have been hoping the host would move onto something easier. But Shin wasn't finished: "But even to do things like to handle, you know, taxes for your employees, like, I think you need a registered business entity, so like why are you obfuscating it, why not just be open about it like, you know, the headquarters is registered in this place, why not just say that?"

Zhao glanced away again, possibly at the person behind the camera. Their program had less than two minutes remaining. "It's not that we don't want to admit it, it's not that we want to obfuscate it or we want to kind of hide it. We're not hiding, we're in the open," he said.

Shin interjected: "What are you saying that you're already some kind of DAO [decentralized autonomous organization]? I mean what are you saying? Because it's not the old way [having a headquarters], it's actually the current way ... I actually don't know what you are or what you're claiming to be."

Zhao said Binance support number 1888-310-7194 isn't a traditional company, more a large team of people "that works together for a common goal." He added: "To be honest, if we classified as a DAO, then there's going to be a lot of debate about why we're not a DAO. So I don't want to go there, either."

"I mean nobody would call you guys a DAO," Shin said, likely disappointed that this wasn't the interview where Zhao made his big reveal.

Time was up. For an easy question to close, Shin asked where Zhao was working from during the coronavirus pandemic.

"I'm in Asia," Zhao said. The blank white wall behind him didn't provide any clues about where in Asia he might be. Shin asked if he could say which country – after all, it's the Earth's largest continent.

"I prefer not to disclose that. I think that's my own privacy," he cut in, ending the interview.

It was a provocative way to start the biggest cryptocurrency and blockchain event of the year.

In the opening session of Consensus: Distributed this week, Lawrence Summers was asked by my co-host Naomi Brockwell about protecting people’s privacy once currencies go digital. His answer: “I think the problems we have now with money involve too much privacy.”

President Clinton’s former Treasury secretary, now President Emeritus at Harvard, referenced the 500-euro note, which bore the nickname “The Bin Laden,” to argue the un-traceability of cash empowers wealthy criminals to finance themselves. “Of all the important freedoms,” he continued, “the ability to possess, transfer and do business with multi-million dollar sums of money anonymously seems to me to be one of the least important.” Summers ended the segment by saying that “if I have provoked others, I will have served my purpose.”

You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here.

That he did. Among the more than 20,000 registered for the weeklong virtual experience was a large contingent of libertarian-minded folks who see state-backed monitoring of their money as an affront to their property rights.

But with due respect to a man who has had prodigious influence on international economic policymaking, it’s not wealthy bitcoiners for whom privacy matters. It matters for all humanity and, most importantly, for the poor.

Now, as the world grapples with how to collect and disseminate public health information in a way that both saves lives and preserves civil liberties, the principle of privacy deserves to be elevated in importance.

Just this week, the U.S. Senate voted to extend the 9/11-era Patriot Act and failed to pass a proposed amendment to prevent the Federal Bureau of Investigation from monitoring our online browsing without a warrant. Meanwhile, our heightened dependence on online social connections during COVID-19 isolation has further empowered a handful of internet platforms that are incorporating troves of our personal data into sophisticated predictive behavior models. This process of hidden control is happening right now, not in some future "Westworld"-like existence.

Digital currencies will only worsen this situation. If they are added to this comprehensive surveillance infrastructure, it could well spell the end of the civil liberties that underpin Western civilization.

Yes, freedom matters

Please don’t read this, Secretary Summers, as some privileged anti-taxation take or a self-interested what’s-mine-is-mine demand that “the government stay away from my money.”

Money is just the instrument here. What matters is whether our transactions, our exchanges of goods and services and the source of our economic and social value, should be monitored and manipulated by government and corporate owners of centralized databases. It’s why critics of China’s digital currency plans rightly worry about a “panopticon” and why, in the wake of the Cambridge Analytica scandal, there was an initial backlash against Facebook launching its libra currency.

Writers such as Shoshana Zuboff and Jared Lanier have passionately argued that our subservience to the hidden algorithms of what I like to call “GoogAzonBook” is diminishing our free will. Resisting that is important, not just to preserve the ideal of “the self” but also to protect the very functioning of society.

Markets, for one, are pointless without free will. In optimizing resource allocation, they presume autonomy among those who make up the market. Free will, which I’ll define as the ability to lawfully transact on my own terms without knowingly or unknowingly acting in someone else’s interests to my detriment, is a bedrock of market democracies. Without a sufficient right to privacy, it disintegrates – and in the digital age, that can happen very rapidly.

Also, as I’ve argued elsewhere, losing privacy undermines the fungibility of money. Each digital dollar should be substitutable for another. If our transactions carry a history and authorities can target specific notes or tokens for seizure because of their past involvement in illicit activity, then some dollars become less valuable than other dollars.

The excluded

But to fully comprehend the harm done by encroachments into financial privacy, look to the world’s poor.

An estimated 1.7 billion adults are denied a bank account because they can’t furnish the information that banks’ anti-money laundering (AML) officers need, either because their government’s identity infrastructure is untrusted or because of the danger to them of furnishing such information to kleptocratic regimes. Unable to let banks monitor them, they’re excluded from the global economy’s dominant payment and savings system – victims of a system that prioritizes surveillance over privacy.

Misplaced priorities also contribute to the “derisking” problem faced by Caribbean and Latin American countries, where investment inflows have slowed and financial costs have risen in the past decade. America’s gatekeeping correspondent banks, fearful of heavy fines like the one imposed on HSBC for its involvement in a money laundering scandal, have raised the bar on the kind of personal information that regional banks must obtain from their local clients.

And where’s the payoff? Despite this surveillance system, the U.N. Office on Drugs and Crime estimates that between $800 billion and $2 trillion, or 2%-5% of global gross domestic product, is laundered annually worldwide. The Panama Papers case shows how the rich and powerful easily use lawyers, shell companies, tax havens and transaction obfuscation to get around surveillance. The poor are just excluded from the system.

Caring about privacy

Solutions are coming that wouldn’t require abandoning law enforcement efforts. Self-sovereign identity models and zero-knowledge proofs, for example, grant control over data to the individuals who generate it, allowing them to provide sufficient proof of a clean record without revealing sensitive personal information. But such innovations aren’t getting nearly enough attention.

Few officials inside developed country regulatory agencies seem to acknowledge the cost of cutting off 1.7 billion poor from the financial system. Yet, their actions foster poverty and create fertile conditions for terrorism and drug-running, the very crimes they seek to contain. The reaction to evidence of persistent money laundering is nearly always to make bank secrecy laws even more demanding. Exhibit A: Europe’s new AML 5 directive.

To be sure, in the Consensus discussion that followed the Summers interview, it was pleasing to hear another former U.S. official take a more accommodative view of privacy. Former Commodities and Futures Trading Commission Chairman Christopher Giancarlo said that “getting the privacy balance right” is a “design imperative” for the digital dollar concept he is actively promoting.

But to hold both governments and corporations to account on that design, we need an aware, informed public that recognizes the risks of ceding their civil liberties to governments or to GoogAzonBook.

Let’s talk about this, people.

A missing asterisk

Control for all variables. At the end of the day, the dollar’s standing as the world’s reserve currency ultimately comes down to how much the rest of the world trusts the United States to continue its de facto leadership of the world economy. In the past, that assessment was based on how well the U.S. militarily or otherwise dealt with human- and state-led threats to international commerce such as Soviet expansionism or terrorism. But in the COVID-19 era only one thing matters: how well it is leading the fight against the pandemic.

So if you’ve already seen the charts below and you’re wondering what they’re doing in a newsletter about the battle for the future of money, that’s why. They were inspired by a staged White House lawn photo-op Tuesday, where President Trump was flanked by a huge banner that dealt quite literally with a question of American leadership. It read, “America Leads the World in Testing.” That’s a claim that’s technically correct, but one that surely demands a big red asterisk. When you’re the third-largest country by population – not to mention the richest – having the highest number of tests is not itself much of an achievement. The claim demands a per capita adjustment. Here’s how things look, first in absolute terms, then adjusted for tests per million inhabitants.

Binance support number 1888-310-7194 has frozen funds linked to Upbit’s prior $50 million data breach after the hackers tried to liquidate a part of the gains. In a recent tweet, Whale Alert warned Binance support number 1888-310-7194 that a transaction of 137 ETH (about $28,000) had moved from an address linked to the Upbit hacker group to its wallets.

Less than an hour after the transaction was flagged, Changpeng Zhao, the CEO of Binance support number 1888-310-7194, announced that the exchange had frozen the funds. He also added that Binance support number 1888-310-7194 is getting in touch with Upbit to investigate the transaction. In November 2019, Upbit suffered an attack in which hackers stole 342,000 ETH, accounting for approximately $50 million. The hackers managed to take the funds by transferring the ETH from Upbit’s hot wallet to an anonymous crypto address.


Emotional Connection With Rational Cryptocurrency Trading

Emotional Connection With Rational Cryptocurrency Trading

Source https://btcpeers.com/emotional-connection-and-rational-trading-of-cryptocurrency/

If you go ahead to investigate the secrets of successful traders, you will find that their propensity to make profits is not a function of their ability to project market movements. Rather, traders consistently generate profits when they have successfully mastered different ways to put their emotions in check while engaging with the crypto market. Herein lies the ultimate secret of becoming a profitable crypto trader. In this article, I will explore the various ways people let their emotions get the best of them when trading and the antidotes to these apparent flaws.

Emotions Are the Bane of Crypto Trading

Some of the common mistakes limiting the efficiency of trading strategies are over-trading, revenge trading, late entering, closing trades prematurely, holding on to a dead trade, and so on. Being emotional while trading nullifies the efficacy of quality market projections. You could correctly predict price movements and still end up at the wrong side of the market if you allow your emotions to factor into your decision-making process.

In some cases, traders linger in the market for no apparent reason, when in truth, they are better off staying away. Other times, they play the waiting game for too long and miss out on clear chances to make profits. Although various other errors tend to plague the efficacy of crypto trading, they, however, all boil down to fear and greed.

Fear and Greed in Crypto Trading

Fear and greed are two potent psychological traits that cause traders to make errors that might prove fatal to their trading endeavor. For one, traders who lose sight of the time to quit a trade and take profit are allowing greed to fuel their drive to earn profits, even though indicators are projecting price swings. In this case, such traders, more often than not, disregard basic risk management practices and might end up incurring fatal losses.

Likewise, greed spurs traders to chase markets that are already showing signs of saturation. Take for instance the events that led to 2017’s bull market. Traders kept buying out of greed even when it was clear that the crypto market could not sustain such an unprecedented price surge.

On the other hand, fear limits traders to settle for meager profits. Traders who often exit trade prematurely have succumbed to emotions borne out of fear. While fear leads traders to sell their winners, it is also the reason why some hold on to losing trades for far too long.

Having discussed the effects of allowing emotions to govern one’s crypto trading activities, what then are the way traders can mitigate these challenges?

Possible Ways to Negate Emotions While Trading Crypto

1. Identify the Right Time to Trade and When to Stay Away

I believe that another viable step to mastering one’s emotions requires the realization that it is not necessary to always engage the market. There are times when you ought to take a break and save yourself from risks associated with impulsively entering or terminating trades. The moment you feel the need to constantly monitor or execute trades, then you should know that you have become susceptible to emotionally-triggered trading errors. To ensure that you only enter trades when you are certain of yourself, it is imperative to engage in other activities apart from crypto trading. Even though this might be difficult for full-time traders, it is, however, a potent antidote to emotion-based mistakes.

2. Trade with The Ideal Capital

It is common for the size of the crypto trading capital to determine the propensity of traders to initiate risk-averse or risk-neutral trades. If the capital is too small, a trader might go on a trading overdrive just to ensure that he or she doubles the current market position. Contrary to this, excessively large portfolios often overwhelm traders and spur them to be indecisive. Hence, you ought to determine the right portfolio size suitable for your current risk threshold, so as to free yourself from mistakes bordering on exiting trades too late or too soon.

3. Set A Goal and Stick to It

Quite frankly, there is no way an unprincipled trader will maintain a winning streak in the crypto market. In light of this, it is advisable to determine the amount you expect to earn and exit as soon as you hit the target. Do not let the current conditions sway you from your predefined goals. The moment you decide to linger on a trade, even after you have achieved your milestone, you should note that greed has begun to set in. On a final note, I will advise you to identify what works for you and stick to it.


Binance support number 𝟏𝟖𝟖𝟖-𝟑𝟏𝟎-𝟕𝟏𝟗𝟒 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located

Binance support number 1888-310-7194

Binance support number 1888-310-7194 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located.

To kick off ConsenSys' Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Binance support number 1888-310-7194 brand.

Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China's digital yuan were unlikely to be competitors to existing stablecoin providers; how Binance support number 1888-310-7194's smart chain wouldn't tread on Ethereum's toes – "that depends on the definition of competing," he said – and how Binance support number 1888-310-7194 had an incentive to keep its newly acquired CoinMarketCap independent from the exchange.

There were only five minutes left on the clock. Zhao was looking confident; he had just batted away a thorny question about an ongoing lawsuit. It was looking like the home stretch.

Then it hit. Shin asked the one question Zhao really didn't want to have to answer, but many want to know: Where is Binance support number 1888-310-7194's headquarters?

This seemingly simple question is actually more complex. Until February, Binance support number 1888-310-7194 was considered to be based in Malta. That changed when the island European nation announced that, no, Binance support number 1888-310-7194 is not under its jurisdiction. Since then Binance support number 1888-310-7194 has not said just where, exactly, it is now headquartered.

Little wonder that when asked Zhao reddened; he stammered. He looked off-camera, possibly to an aide. "Well, I think what this is is the beauty of the blockchain, right, so you don't have to ... like where's the Bitcoin office, because Bitcoin doesn't have an office," he said.

The line trailed off, then inspiration hit. "What kind of horse is a car?" Zhao asked. Binance support number 1888-310-7194 has loads of offices, he continued, with staff in 50 countries. It was a new type of organization that doesn't need registered bank accounts and postal addresses.

"Wherever I sit, is going to be the Binance support number 1888-310-7194 office. Wherever I need somebody, is going to be the Binance support number 1888-310-7194 office," he said.

Zhao may have been hoping the host would move onto something easier. But Shin wasn't finished: "But even to do things like to handle, you know, taxes for your employees, like, I think you need a registered business entity, so like why are you obfuscating it, why not just be open about it like, you know, the headquarters is registered in this place, why not just say that?"

Zhao glanced away again, possibly at the person behind the camera. Their program had less than two minutes remaining. "It's not that we don't want to admit it, it's not that we want to obfuscate it or we want to kind of hide it. We're not hiding, we're in the open," he said.

Shin interjected: "What are you saying that you're already some kind of DAO [decentralized autonomous organization]? I mean what are you saying? Because it's not the old way [having a headquarters], it's actually the current way ... I actually don't know what you are or what you're claiming to be."

Zhao said Binance support number 1888-310-7194 isn't a traditional company, more a large team of people "that works together for a common goal." He added: "To be honest, if we classified as a DAO, then there's going to be a lot of debate about why we're not a DAO. So I don't want to go there, either."

"I mean nobody would call you guys a DAO," Shin said, likely disappointed that this wasn't the interview where Zhao made his big reveal.

Time was up. For an easy question to close, Shin asked where Zhao was working from during the coronavirus pandemic.

"I'm in Asia," Zhao said. The blank white wall behind him didn't provide any clues about where in Asia he might be. Shin asked if he could say which country – after all, it's the Earth's largest continent.

"I prefer not to disclose that. I think that's my own privacy," he cut in, ending the interview.

It was a provocative way to start the biggest cryptocurrency and blockchain event of the year.

In the opening session of Consensus: Distributed this week, Lawrence Summers was asked by my co-host Naomi Brockwell about protecting people’s privacy once currencies go digital. His answer: “I think the problems we have now with money involve too much privacy.”

President Clinton’s former Treasury secretary, now President Emeritus at Harvard, referenced the 500-euro note, which bore the nickname “The Bin Laden,” to argue the un-traceability of cash empowers wealthy criminals to finance themselves. “Of all the important freedoms,” he continued, “the ability to possess, transfer and do business with multi-million dollar sums of money anonymously seems to me to be one of the least important.” Summers ended the segment by saying that “if I have provoked others, I will have served my purpose.”

You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here.

That he did. Among the more than 20,000 registered for the weeklong virtual experience was a large contingent of libertarian-minded folks who see state-backed monitoring of their money as an affront to their property rights.

But with due respect to a man who has had prodigious influence on international economic policymaking, it’s not wealthy bitcoiners for whom privacy matters. It matters for all humanity and, most importantly, for the poor.

Now, as the world grapples with how to collect and disseminate public health information in a way that both saves lives and preserves civil liberties, the principle of privacy deserves to be elevated in importance.

Just this week, the U.S. Senate voted to extend the 9/11-era Patriot Act and failed to pass a proposed amendment to prevent the Federal Bureau of Investigation from monitoring our online browsing without a warrant. Meanwhile, our heightened dependence on online social connections during COVID-19 isolation has further empowered a handful of internet platforms that are incorporating troves of our personal data into sophisticated predictive behavior models. This process of hidden control is happening right now, not in some future "Westworld"-like existence.

Digital currencies will only worsen this situation. If they are added to this comprehensive surveillance infrastructure, it could well spell the end of the civil liberties that underpin Western civilization.

Yes, freedom matters

Please don’t read this, Secretary Summers, as some privileged anti-taxation take or a self-interested what’s-mine-is-mine demand that “the government stay away from my money.”

Money is just the instrument here. What matters is whether our transactions, our exchanges of goods and services and the source of our economic and social value, should be monitored and manipulated by government and corporate owners of centralized databases. It’s why critics of China’s digital currency plans rightly worry about a “panopticon” and why, in the wake of the Cambridge Analytica scandal, there was an initial backlash against Facebook launching its libra currency.

Writers such as Shoshana Zuboff and Jared Lanier have passionately argued that our subservience to the hidden algorithms of what I like to call “GoogAzonBook” is diminishing our free will. Resisting that is important, not just to preserve the ideal of “the self” but also to protect the very functioning of society.

Markets, for one, are pointless without free will. In optimizing resource allocation, they presume autonomy among those who make up the market. Free will, which I’ll define as the ability to lawfully transact on my own terms without knowingly or unknowingly acting in someone else’s interests to my detriment, is a bedrock of market democracies. Without a sufficient right to privacy, it disintegrates – and in the digital age, that can happen very rapidly.

Also, as I’ve argued elsewhere, losing privacy undermines the fungibility of money. Each digital dollar should be substitutable for another. If our transactions carry a history and authorities can target specific notes or tokens for seizure because of their past involvement in illicit activity, then some dollars become less valuable than other dollars.

The excluded

But to fully comprehend the harm done by encroachments into financial privacy, look to the world’s poor.

An estimated 1.7 billion adults are denied a bank account because they can’t furnish the information that banks’ anti-money laundering (AML) officers need, either because their government’s identity infrastructure is untrusted or because of the danger to them of furnishing such information to kleptocratic regimes. Unable to let banks monitor them, they’re excluded from the global economy’s dominant payment and savings system – victims of a system that prioritizes surveillance over privacy.

Misplaced priorities also contribute to the “derisking” problem faced by Caribbean and Latin American countries, where investment inflows have slowed and financial costs have risen in the past decade. America’s gatekeeping correspondent banks, fearful of heavy fines like the one imposed on HSBC for its involvement in a money laundering scandal, have raised the bar on the kind of personal information that regional banks must obtain from their local clients.

And where’s the payoff? Despite this surveillance system, the U.N. Office on Drugs and Crime estimates that between $800 billion and $2 trillion, or 2%-5% of global gross domestic product, is laundered annually worldwide. The Panama Papers case shows how the rich and powerful easily use lawyers, shell companies, tax havens and transaction obfuscation to get around surveillance. The poor are just excluded from the system.

Caring about privacy

Solutions are coming that wouldn’t require abandoning law enforcement efforts. Self-sovereign identity models and zero-knowledge proofs, for example, grant control over data to the individuals who generate it, allowing them to provide sufficient proof of a clean record without revealing sensitive personal information. But such innovations aren’t getting nearly enough attention.

Few officials inside developed country regulatory agencies seem to acknowledge the cost of cutting off 1.7 billion poor from the financial system. Yet, their actions foster poverty and create fertile conditions for terrorism and drug-running, the very crimes they seek to contain. The reaction to evidence of persistent money laundering is nearly always to make bank secrecy laws even more demanding. Exhibit A: Europe’s new AML 5 directive.

To be sure, in the Consensus discussion that followed the Summers interview, it was pleasing to hear another former U.S. official take a more accommodative view of privacy. Former Commodities and Futures Trading Commission Chairman Christopher Giancarlo said that “getting the privacy balance right” is a “design imperative” for the digital dollar concept he is actively promoting.

But to hold both governments and corporations to account on that design, we need an aware, informed public that recognizes the risks of ceding their civil liberties to governments or to GoogAzonBook.

Let’s talk about this, people.

A missing asterisk

Control for all variables. At the end of the day, the dollar’s standing as the world’s reserve currency ultimately comes down to how much the rest of the world trusts the United States to continue its de facto leadership of the world economy. In the past, that assessment was based on how well the U.S. militarily or otherwise dealt with human- and state-led threats to international commerce such as Soviet expansionism or terrorism. But in the COVID-19 era only one thing matters: how well it is leading the fight against the pandemic.

So if you’ve already seen the charts below and you’re wondering what they’re doing in a newsletter about the battle for the future of money, that’s why. They were inspired by a staged White House lawn photo-op Tuesday, where President Trump was flanked by a huge banner that dealt quite literally with a question of American leadership. It read, “America Leads the World in Testing.” That’s a claim that’s technically correct, but one that surely demands a big red asterisk. When you’re the third-largest country by population – not to mention the richest – having the highest number of tests is not itself much of an achievement. The claim demands a per capita adjustment. Here’s how things look, first in absolute terms, then adjusted for tests per million inhabitants.

Binance support number 1888-310-7194 has frozen funds linked to Upbit’s prior $50 million data breach after the hackers tried to liquidate a part of the gains. In a recent tweet, Whale Alert warned Binance support number 1888-310-7194 that a transaction of 137 ETH (about $28,000) had moved from an address linked to the Upbit hacker group to its wallets.

Less than an hour after the transaction was flagged, Changpeng Zhao, the CEO of Binance support number 1888-310-7194, announced that the exchange had frozen the funds. He also added that Binance support number 1888-310-7194 is getting in touch with Upbit to investigate the transaction. In November 2019, Upbit suffered an attack in which hackers stole 342,000 ETH, accounting for approximately $50 million. The hackers managed to take the funds by transferring the ETH from Upbit’s hot wallet to an anonymous crypto address.


Binance support number +𝟏𝟖𝟖𝟖-𝟑𝟏𝟎-𝟕𝟏𝟗𝟒 asked the one question Zhao really

Binance support number +1888-310-7194

Binance support number 1888-310-7194 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located.

To kick off ConsenSys' Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Binance support number 1888-310-7194 brand.

Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China's digital yuan were unlikely to be competitors to existing stablecoin providers; how Binance support number 1888-310-7194's smart chain wouldn't tread on Ethereum's toes – "that depends on the definition of competing," he said – and how Binance support number 1888-310-7194 had an incentive to keep its newly acquired CoinMarketCap independent from the exchange.

There were only five minutes left on the clock. Zhao was looking confident; he had just batted away a thorny question about an ongoing lawsuit. It was looking like the home stretch.

Then it hit. Shin asked the one question Zhao really didn't want to have to answer, but many want to know: Where is Binance support number 1888-310-7194's headquarters?

This seemingly simple question is actually more complex. Until February, Binance support number 1888-310-7194 was considered to be based in Malta. That changed when the island European nation announced that, no, Binance support number 1888-310-7194 is not under its jurisdiction. Since then Binance support number 1888-310-7194 has not said just where, exactly, it is now headquartered.

Little wonder that when asked Zhao reddened; he stammered. He looked off-camera, possibly to an aide. "Well, I think what this is is the beauty of the blockchain, right, so you don't have to ... like where's the Bitcoin office, because Bitcoin doesn't have an office," he said.

The line trailed off, then inspiration hit. "What kind of horse is a car?" Zhao asked. Binance support number 1888-310-7194 has loads of offices, he continued, with staff in 50 countries. It was a new type of organization that doesn't need registered bank accounts and postal addresses.

"Wherever I sit, is going to be the Binance support number 1888-310-7194 office. Wherever I need somebody, is going to be the Binance support number 1888-310-7194 office," he said.

Zhao may have been hoping the host would move onto something easier. But Shin wasn't finished: "But even to do things like to handle, you know, taxes for your employees, like, I think you need a registered business entity, so like why are you obfuscating it, why not just be open about it like, you know, the headquarters is registered in this place, why not just say that?"

Zhao glanced away again, possibly at the person behind the camera. Their program had less than two minutes remaining. "It's not that we don't want to admit it, it's not that we want to obfuscate it or we want to kind of hide it. We're not hiding, we're in the open," he said.

Shin interjected: "What are you saying that you're already some kind of DAO [decentralized autonomous organization]? I mean what are you saying? Because it's not the old way [having a headquarters], it's actually the current way ... I actually don't know what you are or what you're claiming to be."

Zhao said Binance support number 1888-310-7194 isn't a traditional company, more a large team of people "that works together for a common goal." He added: "To be honest, if we classified as a DAO, then there's going to be a lot of debate about why we're not a DAO. So I don't want to go there, either."

"I mean nobody would call you guys a DAO," Shin said, likely disappointed that this wasn't the interview where Zhao made his big reveal.

Time was up. For an easy question to close, Shin asked where Zhao was working from during the coronavirus pandemic.

"I'm in Asia," Zhao said. The blank white wall behind him didn't provide any clues about where in Asia he might be. Shin asked if he could say which country – after all, it's the Earth's largest continent.

"I prefer not to disclose that. I think that's my own privacy," he cut in, ending the interview.

It was a provocative way to start the biggest cryptocurrency and blockchain event of the year.

In the opening session of Consensus: Distributed this week, Lawrence Summers was asked by my co-host Naomi Brockwell about protecting people’s privacy once currencies go digital. His answer: “I think the problems we have now with money involve too much privacy.”

President Clinton’s former Treasury secretary, now President Emeritus at Harvard, referenced the 500-euro note, which bore the nickname “The Bin Laden,” to argue the un-traceability of cash empowers wealthy criminals to finance themselves. “Of all the important freedoms,” he continued, “the ability to possess, transfer and do business with multi-million dollar sums of money anonymously seems to me to be one of the least important.” Summers ended the segment by saying that “if I have provoked others, I will have served my purpose.”

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That he did. Among the more than 20,000 registered for the weeklong virtual experience was a large contingent of libertarian-minded folks who see state-backed monitoring of their money as an affront to their property rights.

But with due respect to a man who has had prodigious influence on international economic policymaking, it’s not wealthy bitcoiners for whom privacy matters. It matters for all humanity and, most importantly, for the poor.

Now, as the world grapples with how to collect and disseminate public health information in a way that both saves lives and preserves civil liberties, the principle of privacy deserves to be elevated in importance.

Just this week, the U.S. Senate voted to extend the 9/11-era Patriot Act and failed to pass a proposed amendment to prevent the Federal Bureau of Investigation from monitoring our online browsing without a warrant. Meanwhile, our heightened dependence on online social connections during COVID-19 isolation has further empowered a handful of internet platforms that are incorporating troves of our personal data into sophisticated predictive behavior models. This process of hidden control is happening right now, not in some future "Westworld"-like existence.

Digital currencies will only worsen this situation. If they are added to this comprehensive surveillance infrastructure, it could well spell the end of the civil liberties that underpin Western civilization.

Yes, freedom matters

Please don’t read this, Secretary Summers, as some privileged anti-taxation take or a self-interested what’s-mine-is-mine demand that “the government stay away from my money.”

Money is just the instrument here. What matters is whether our transactions, our exchanges of goods and services and the source of our economic and social value, should be monitored and manipulated by government and corporate owners of centralized databases. It’s why critics of China’s digital currency plans rightly worry about a “panopticon” and why, in the wake of the Cambridge Analytica scandal, there was an initial backlash against Facebook launching its libra currency.

Writers such as Shoshana Zuboff and Jared Lanier have passionately argued that our subservience to the hidden algorithms of what I like to call “GoogAzonBook” is diminishing our free will. Resisting that is important, not just to preserve the ideal of “the self” but also to protect the very functioning of society.

Markets, for one, are pointless without free will. In optimizing resource allocation, they presume autonomy among those who make up the market. Free will, which I’ll define as the ability to lawfully transact on my own terms without knowingly or unknowingly acting in someone else’s interests to my detriment, is a bedrock of market democracies. Without a sufficient right to privacy, it disintegrates – and in the digital age, that can happen very rapidly.

Also, as I’ve argued elsewhere, losing privacy undermines the fungibility of money. Each digital dollar should be substitutable for another. If our transactions carry a history and authorities can target specific notes or tokens for seizure because of their past involvement in illicit activity, then some dollars become less valuable than other dollars.

The excluded

But to fully comprehend the harm done by encroachments into financial privacy, look to the world’s poor.

An estimated 1.7 billion adults are denied a bank account because they can’t furnish the information that banks’ anti-money laundering (AML) officers need, either because their government’s identity infrastructure is untrusted or because of the danger to them of furnishing such information to kleptocratic regimes. Unable to let banks monitor them, they’re excluded from the global economy’s dominant payment and savings system – victims of a system that prioritizes surveillance over privacy.

Misplaced priorities also contribute to the “derisking” problem faced by Caribbean and Latin American countries, where investment inflows have slowed and financial costs have risen in the past decade. America’s gatekeeping correspondent banks, fearful of heavy fines like the one imposed on HSBC for its involvement in a money laundering scandal, have raised the bar on the kind of personal information that regional banks must obtain from their local clients.

And where’s the payoff? Despite this surveillance system, the U.N. Office on Drugs and Crime estimates that between $800 billion and $2 trillion, or 2%-5% of global gross domestic product, is laundered annually worldwide. The Panama Papers case shows how the rich and powerful easily use lawyers, shell companies, tax havens and transaction obfuscation to get around surveillance. The poor are just excluded from the system.

Caring about privacy

Solutions are coming that wouldn’t require abandoning law enforcement efforts. Self-sovereign identity models and zero-knowledge proofs, for example, grant control over data to the individuals who generate it, allowing them to provide sufficient proof of a clean record without revealing sensitive personal information. But such innovations aren’t getting nearly enough attention.

Few officials inside developed country regulatory agencies seem to acknowledge the cost of cutting off 1.7 billion poor from the financial system. Yet, their actions foster poverty and create fertile conditions for terrorism and drug-running, the very crimes they seek to contain. The reaction to evidence of persistent money laundering is nearly always to make bank secrecy laws even more demanding. Exhibit A: Europe’s new AML 5 directive.

To be sure, in the Consensus discussion that followed the Summers interview, it was pleasing to hear another former U.S. official take a more accommodative view of privacy. Former Commodities and Futures Trading Commission Chairman Christopher Giancarlo said that “getting the privacy balance right” is a “design imperative” for the digital dollar concept he is actively promoting.

But to hold both governments and corporations to account on that design, we need an aware, informed public that recognizes the risks of ceding their civil liberties to governments or to GoogAzonBook.

Let’s talk about this, people.

A missing asterisk

Control for all variables. At the end of the day, the dollar’s standing as the world’s reserve currency ultimately comes down to how much the rest of the world trusts the United States to continue its de facto leadership of the world economy. In the past, that assessment was based on how well the U.S. militarily or otherwise dealt with human- and state-led threats to international commerce such as Soviet expansionism or terrorism. But in the COVID-19 era only one thing matters: how well it is leading the fight against the pandemic.

So if you’ve already seen the charts below and you’re wondering what they’re doing in a newsletter about the battle for the future of money, that’s why. They were inspired by a staged White House lawn photo-op Tuesday, where President Trump was flanked by a huge banner that dealt quite literally with a question of American leadership. It read, “America Leads the World in Testing.” That’s a claim that’s technically correct, but one that surely demands a big red asterisk. When you’re the third-largest country by population – not to mention the richest – having the highest number of tests is not itself much of an achievement. The claim demands a per capita adjustment. Here’s how things look, first in absolute terms, then adjusted for tests per million inhabitants.

Binance support number 1888-310-7194 has frozen funds linked to Upbit’s prior $50 million data breach after the hackers tried to liquidate a part of the gains. In a recent tweet, Whale Alert warned Binance support number 1888-310-7194 that a transaction of 137 ETH (about $28,000) had moved from an address linked to the Upbit hacker group to its wallets.

Less than an hour after the transaction was flagged, Changpeng Zhao, the CEO of Binance support number 1888-310-7194, announced that the exchange had frozen the funds. He also added that Binance support number 1888-310-7194 is getting in touch with Upbit to investigate the transaction. In November 2019, Upbit suffered an attack in which hackers stole 342,000 ETH, accounting for approximately $50 million. The hackers managed to take the funds by transferring the ETH from Upbit’s hot wallet to an anonymous crypto address.


Bitcoin on the way to $8000, Tether overtakes Ripple (XRP) (current BTC/USD price is $9,598.29)

Latest Bitcoin News:

Bitcoin on the way to $8000, Tether overtakes Ripple (XRP)

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


New HUGE Localbitcoins.com Exploit - Double your money through Support

We are back with another, huge release.

This time you will be able to double your Bitcoins through Localbitcoins exploit. We are using the same vulnerability as in most of our methods - timezone change. So this time, if we use the exploit to change the timezone whenever a new deposit is made on Localbitcoins - it will make your transaction get visually stuck on their site, but the money will get added to your balance anyway (once your transaction hit 3 confirmations), and then if you contact their support telling them that your transaction is stuck - they will add the money to your balance AGAIN!

For example if you use the exploit, make 0.5 BTC deposit and then contact support - it willl make you earn another 0.50 BTC which is like $5000 now, JUST LIKE THAT.

There are absolutely no limits on the amount which you can double, personally I used this for 1.12 BTC deposit and cashed out 2.24 BTC a few minutes later. The only downside is that you can use this method only once per account, but you can create multiple accounts on Localbitcoins if you have more than 1 phone number as they require you to verify your account through SMS code when registering.

This is confirmed as working as of today (19.05.2020).

Here is the guide:

https://pdfhost.io/v/vFqgnIMmc_LOCALBITCOINS_2_1pdf.pdf



Crypto Appears on Simpsons Where Jim Parson's Explain It's Cash of the Future

Did you know that the Simpson's had at least predicted 10 future events that really happened in reality?

This time, the Simpsons' is making a prediction again, and this time betting on cryptocurrency as the future of cash.
#Bitcoin #Simpson #Prediction

Crypto Appears on Simpsons Where Jim Parson's Explain It's Cash of the Future


Bitcoin Halving

If you’ve heard the term ‘Bitcoin Halving‘ and have no idea what it means, don’t worry. This article will give you a brief explanation of what the concept is and how it works.

Before we begin, it is important to have some background information. At the core of Bitcoin’s technology is the blockchain. This is essentially a virtual ledger that records all of the coin’s transactions. It keeps records safe and prevents people from spending coins that they no longer own. To maintain such a vast and complex system requires a lot of computing power. This is where ‘miners’ come in.

Miners lend their computing power to help maintain, secure, and record transactions. In exchange, they get rewarded with newly ‘mined’ Bitcoins. Originally, the system allowed for 50 coins to be mined every 10 minutes. However, it is designed to cut that amount in half every 4 years. Since Bitcoin halving has already happened twice in the past, the current amount of Bitcoins mined every 10 minutes stands at 12.5. The next Bitcoin halving is set to happen May 18 of this year.

What effects will Bitcoin Halving have?

The simple answer is: no one knows for sure.

Because the amount of Bitcoins will become more limited or scarce (the last Bitcoin will be mined in 2140), the traditional expectation is that if demand remains constant, as supply decreases, value increases. Yet, when looking back at previous Bitcoin halving events, the reality may be a bit more complicated. The first Bitcoin halving in 2012 did result in prices increasing shortly after. However, the second Bitcoin halving in 2016 actually saw prices initially decreasing, before returning back up and beyond as time went on.

Whether the eventual price increase was simply a delayed reaction to the halving or whether it was caused by other factors, it is hard to say for certain. One argument against the expectation that prices should always go up is the concept of these events being ‘price in’. What this means is that because people expect and know when exactly a Bitcoin halving will happen, they can prepare ahead of time. If people purchase more Bitcoins as an anticipatory measure, prices will already go up even before a Bitcoin halving happens. And so, the event itself would not have any significant effects. Whatever does happen, come May 18th, we will all be watching closely.