Wednesday, August 9, 2023

EUgenicists using weather control to start forcing first countries into CBDC ?

Some Context: 1. USD or at least PetroDollar is taking its nosedive. After the impact, what is left of USD ain't gonna be even similar to what we have today. 2. New brainfuck is needed, so globalists ghave chosen next obvious choice: crypto -in centralized form, so that it can be controlled glo0bally from one point. 3. Technical efforts to filter out any other competition (OS and off-the-shelf equipment backdoors etc) have failed to guarrantee full control that would keep various local cryptos and Bitcoin out. 4. Time is running out. Globalists tried staving the impact of by waves ofgovernment bonds sells, which have flopped, especially in EU. So Lagarde/EU has said straight out that EU is to enforce errrm "present" CBDC by Oct, She revealed that in a phone call from Russian prankster, imeprsonating (Z)Elensky, no less:

* [ChristineLagarde,President of the EuropeanCentralBank gets dup€d by Russian comedian/hacker pretending to be Zelensky](https://twitter.com/sophiadahl1/status/1638217811922153472?s=20)
* [Christine Lagarde admits that central banks will lose control of the monetary system unless they move to the Central Bank Digital Currency (CBDC) ](https://twitter.com/ricwe123/status/1638923336058109954?s=20)

so all "democracies" are: * announcing CBDC under various local brands as disguises: BritCOin, Digital Dollar, Digital EURO etc. * Bank of England assembles 30 experts to design the digital pound * CryptoShekel in CBDC/"Digital EUro" flavor incoming: * Major Australian Banks Are Going Cashless - Forced Acceptance Of CBDCs Next? * they are gradually introducing legislation that is eventually to formally forbid anything but CBDC, but at this time they are pushing physical cash out - simply by denying the user that option at particular points. For now, they are hiding it under decision of particular outlets (ALDI etc), shops, banks etc. * planting the narrative to make cash illegal, often in most ridiculous ways: * Hillary Clinton: ‘It’s Time to BAN Cash To Fight Climate Change’

... all of which is just an uverture to CBDC enforcement. As lagarde has said, EU can't wait much past October, so what is it to do ?

Well, one way might be to wait for some of its part to be in dire need of money injection and since EU is practically bancrupt, only obvious way is to introduce digital "funny money" - CBDC!

Well, one of the most vulnerable points of EU as Italy and chronically bankrupt vassal microstates east of it up to Ukraine and Albania to the south. Remember, COVID-19 has started its EU journey in Italy, where it had significant "help on the ground": * Hug a Chinese tourist event held in Italy shortly before Coronavirus spread around country. If this is state sponsored, it's for sure biowar * During COVID-ITA outbreak, teams of couple dozen "nurses" were sent to "help" from usual vassal suspects (Albania etc). Why would bazzilion times bigger and far more advanced Italy need dozen nurses for help ? COVID OTOH might well used to boost its spread rate.

So this time, we have unusually strong rains in that area, followed by record hailstorms. They are not unusual for this time of year, but their size is - it's just like they, just as COVID, had quite a bit help on the ground: * Northern Italy pelted by ‘out of the ordinary’ golf-ball sized hail as region enters fourth summer heat wave * Weather tracker: new European record set as 19cm hailstone found in Italy

Interestingly enough, people have been reporting on chemical analysis in hailstones showing unusually high content of the stuff that is used to percipitate rain (aluminum compounds etc).

So, now, at the end of Aug, we have another result: highest-ever flood in neighbouring Slovenia:

Slovenia, as all "independent" (LOL!) vassal micro-quasi-states has economy in total shit and being almost two orders of magnitude smaller than Italy, almost no real voice in EU.

Flood has caused probably more than €3B in damage and Lagarde's response is... €400M. And since she had to come personally, make all the theatre out of it and personal meetings, it obviously is to come with strings attached.

So, Slovenia is now in convenient, dire need for help, just at the right time for CBDC to be introduced, just like Lagarde has revealed it quite a few months ago. * CryptoShekel in CBDC/"Digital EUro" flavor incoming:

EUgenicists do everything stepwise. Slovenia is just a first step/anchor for the CBDC, before it starts intruding into its neighbours. They are always used as a testing ground for the stuff that is to be R&D-ed before it's applied elsewhere. πŸ™„


Financial prepping with Bitcoin

I’m curious this subs thoughts on the financial implications of storing Bitcoin for a SHTF event. I’ve seen people discuss holding other hard assets such as lower value silver coins and higher value gold coins, but IMHO, it also makes sense to hold at least some Bitcoin. Similar to small amounts of gold or silver held at home safely, Bitcoin is easy to self custody on a so called hardware wallet, it doesn’t have to be held on a centralized exchange (such as Coinbase) Assuming you have an internet connection, you’ll be able to pay for things in Bitcoin, and “carry” a potentially significant amount of value with you, which would be challenging with a large amount of gold or silver.

Bitcoin is volatile, but many believe the price will be higher “tomorrow” than today. And importantly, there are only 21 million total coins, compared to gold which continues to grow at 2% per year due to ongoing mining.


Web3 Business News and Web3 Events: Midweek Update

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Going Short: How Traders Profit From a Declining Cryptocurrency

TL;DR

Most cryptocurrencies experience extended periods of decline during a bear market, and can even draw down in value in a bull market. Because of this, traders opt to trade on the short side — predicting which cryptocurrencies will decline in value and netting a potentially handsome profit if correct.

With that in mind, we’ll take a look at seven methods that traders use to short a cryptocurrency.

  • Trade Short/Inverse/Down Tokens - Short (also known as inverse or down) tokens are by far the simplest way to profit from a declining cryptocurrency. These are tokens designed to move in the opposite direction to an underlying cryptocurrency.
  • Prediction Markets - Cryptocurrency prediction markets are platforms that allow users to wager on the outcome of future events, such as the Bitcoin price reaching $100,000 by December 31, 2024.
  • Contract for Difference - A contract for difference, or “CFD” is a powerful financial instrument that allows traders to capitalize on cryptocurrency price movements by going either long or short.
  • Binary Options - Cryptocurrency binary options are simple financial derivatives that allow traders to make a prediction on whether they believe an asset will go up or down in value by a specified time and date in the future.
  • Margin Trading - Margin trading allows traders to borrow funds from a third party (such as the exchange or a liquidity provider) to open larger positions than their balance otherwise allows using leverage.
  • Perpetual Futures - Cryptocurrency futures are a type of financial derivative contract that entitles the holder to buy or sell an asset at an agreed price at an agreed date.
  • DeFi Short Selling - The concept is nearly identical to margin trading, as in that you borrow the cryptocurrency you want to short, sell it, then rebuy it at a later date (and hopefully lower price) to pay off your loan. But instead of using a broker, you take out a loan using one of the myriad DeFi lending platforms.

What’s your take on this? πŸ˜‰

More details here: https://coinmarketcap.com/alexandria/article/going-short-how-traders-profit-from-a-declining-cryptocurrency


Ai Can Help Forecast Air Quality, But Freak Events Like 2023'S Summer Of Wildfire Smoke Require Traditional Methods Too #MENAFN #Bitcoin #LatestNews #BreakingNews

https://menafn.com/1106818073/Ai-Can-Help-Forecast-Air-Quality-But-Freak-Events-Like-2023S-Summer-Of-Wildfire-Smoke-Require-Traditional-Methods-Too&Social=on

Overview about CEX

So I figure for today's post, it would be interesting to look at the history and facts on CEX.

Note, CEX is a Centralized Exchange. So think of Kraken, Coinbase, and others like it.

Historical:

Note I'm not getting into the complete history. There is A LOT of exchanges out there, and I wanted to highlight a few major ones.

While the first crypto (BTC) was made in 2009. The first CEX was made in 2010. The first centralized cryptocurrency exchange was launched by Jed McCaleb under the name Mt. Gox. The following year in 2011 Bitstamp, Kraken, and a few others were made. In 2012 Coinbase was made.

In 2014 Mt. Gox filed for bankruptcy after losing 850,000 Bitcoins. Or what would be equal to today as in 2023, $25,488,950,000.

Skipping to 2017, Binance was launched in China, 2018 Coinbase became the first exchange to be valued at over $1 billion. And in 2019, Binance became the largest exchange by trade volume. In the same year, 2019 FTX was founded. And November 11, 2022 FTX went bankrupt due to illegal practices.

Again this isn't a complete history. There is a lot of crypto exchanges out there, a lot of events, and I doubt anyone would want to read a complete history here.

List of crypto exchanges:

I don't think most people understand how many exchanges there were and are. A good list is here, but note it isn't even a complete list. https://blockspot.io/exchange/

The list shows over 1,000 exchanges that are up and closed. Almost 925 of them currently online.

Note there is other list which shows the fees and what not. But note that not all exchanges are to be trusted. As the saying goes

"Not your keys, not your crypto."

Benefits to using a CEX:

A major benefit is it's a great way to on/off ramp. On top of this, many exchanges are extremely easy to use, you don't have to worry about transaction fees giving the crypto stays on the exchange, and with some exchanges it can be a safe way to test out crypto without having to learn about wallets and everything else.

Some exchanges even give rewards for learning or using the exchange like Coinbase's learn to earn.

Downsides to using a CEX:

A major major major downside to all CEX is you are at their mercy. They can easily lock your accounts, lock your funds up, the exchange can get hacked, and so on. The reason for the saying, "Not your keys, not your crypto." It's because if you don't control the keys and aren't the only ones controlling the keys. Then you are at the mercy of whomever controls them.

Another major downside is on some exchanges there is hidden fees, staking benefits could be a lot less, in some cases staking on exchanges doesn't mean the exchange is actually staking the stuff. Kraken, a highly beloved exchange of this sub even got in trouble for this. On some exchanges there is hidden fees when you withdrawal. A number of exchanges artificially slow down transactions going off the exchange.

Random rule changes or things can lock your funds up. For example, if you move crypto from a gambling site to Coinbase, this will lock your account down. Where if you move it to your wallet and then Coinbase they ignore this. My point is, you are at the mercy of the CEX personal moral and ethic police.

CEX are highly targeted when it comes to government bodies wanting information. CEX are highly targeted when it comes to cyber security. If someone tricks the CEX, they can get access to your funds. Every time you have to do the KYC stuff if you get locked out, lose your 2FA ability, etc. More eyes are on your personal information.


What’s going to happen to Bitcoin this week

What’s going to happen to Bitcoin this week

Weekly feature: our experts analyzed the market situation and told how it may change in the short term for Bitcoin

The week from July 31 to August 6 was relatively quiet. The BTC/USDt pair traded in the range of $28,585 – $30,047. Increased volatility in the market was observed on August 1 and 2. On August 1, the price of Bitcoin fell to $28,585. The market was pressurized by fears of regulatory action by the Securities and Exchange Commission (SEC) regarding the crypto projects Hex, PulseChain and PulseX. The hack of the Curve crypto exchange was also negatively impacted. And as a result of which hackers stole about $50 million. Despite the fall in quotes in the first half of the day, the daily candle closed with growth at $29,705.

On August 2, Bitcoin was recovering to $30,047. There are two reasons that may have provided support for buyers:

The first one is the release of MicroStrategy’s Q2 2023 report. The company made a profit for Q2 and purchased 12,333 BTC. As of July 31, the company owns 152,800 BTC. The total BTC purchase price is $4.53 billion at an average price of $29,672 per 1 BTC.

Second – Fitch Ratings downgraded the U.S. sovereign credit rating from AAA to AA+ due to a growing budget deficit and a buildup of government debt. The downgrade had a limited impact on the markets. And since with such debt it is an expected event. U.S. government debt service has nearly reached $1 trillion a year. At this rate, debt interest payments will soon become a major spending item in the U.S. budget. Hardly anyone will repay the debt. The share of the dollar is declining in international settlements and in central bank reserves. No matter what anyone says, U.S. bonds are becoming toxic.

Analysis of other factors

Friday’s U.S. labor market data points to a continued slowdown in job growth. 187,000 jobs were created in July. And that is below forecasts. And the figures for June were revised downward to 185k. That’s the smallest job gain since December 2020.

Although the unemployment rate has fallen. And wages have risen, the low rate of job growth suggests the labor market is gradually cooling under the influence of the Fed’s tighter monetary policy and a slowing economy. Companies are cutting back on hiring because of rising costs and an uncertain outlook.

Overall, the data points to weakening employee attitudes and cooling labor demand. This could have a dampening effect on inflation and cause the Fed to slow the pace of rate hikes. Nevertheless, the labor market remains relatively resilient despite the slowdown.

Despite a relatively quiet week in terms of economic events, the key indicator will be the U.S. Consumer Price Index (CPI), which will be released on August 10. It will give an indication of the inflation rate and could affect the US Dollar’s performance and the Fed’s monetary policy expectations.

The dollar ended last week on a weak note after a five-day rally. And the question is whether it was a correction of the uptrend or the beginning of its reversal. Overall, the US inflation report will be a key benchmark in the coming week to understand the outlook for the dollar and monetary policy. Bitcoin did not take advantage of the dollar’s weakness, and that’s a bad thing, as its rebound and a decline in U.S. stock indices could bring down the market more.

Buyers’ activity in the crypto market is low due to fears of a new market crash

The U.S. Attorney’s Office is preparing charges against Binance. However, it fears that it may provoke a massive outflow of user funds, as in the case of the bankrupt FTX.

DOJ officials are rumored to be concerned that filing criminal fraud charges against Binance could cause panic. And mass withdrawals by customers, causing them to lose money and destabilize the entire cryptocurrency market.

Therefore, prosecutors are considering alternative options to punish Binance, such as fines, deferred prosecution, or a settlement agreement. This would avoid a harsh reaction from investors and negative consequences for the industry. A decision on what charges will ultimately be brought against Binance has not yet been made and is under review by the US Department of Justice.

Prospects

Our experts note that despite the local recovery, buyers failed to gain a strong foothold above $30 th. The price Bitcoin stabilized around $28,950, where it traded until the end of the week amid the absence of positive triggers. The key support level is the $28,250 mark. If the trend line from the low of $16,333 does not hold. The risks of falling to $25,250 will increase sharply. According to seasonal cycles, the bearish phase should last until September. BitRiver estimates that Bitcoin needs to break through the resistance at $30,500 for the situation to turn bullish.

/


Core Web All-In-One Command

The Best Way to Connect to Web3 | Core

Core Web, developed by Ava Labs, is an all-in-one command center designed to provide a seamless and intuitive user experience for the Avalanche network, Avalanche Subnets, and Ethereum. It is part of the Core product suite, which also includes the Core browser extension and Core mobile. Here are some of the key features of Core1. Bridge: This feature allows users to transfer and use native Bitcoin and Ethereum tokens (ERC-20) on all Avalanche dApps. source

  1. Swap: Users can trade tokens on Avalanche and Ethereum without ever leaving source
  2. Buy: This feature enables users to go from cash to crypto in minutes. source
  3. Unify: Users can view and manage NFTs and digital assets across multiple networks. source
  4. **Control feature allows users to own their identity and automatically switch across Avalanche, Ethereum, and any EVM-compatible network. source
  5. Search: Users can explore and seamlessly transact with Web3 addresses on chain. source
  6. Discover: This feature helps users track the latest Avalanche ecosystem news, events, and projects. source
  7. Stake: Core it easy for users to stake assets directly to. source

To with Core, you can download the Core extension from the [Chrome Web Store](https://chrome.google.com/webstore/detail/core/agoakfejjabomempkjlepdflobhb then visit core.app to experience Avalanche and Web3 like never before.