The bitcoin price broke $4,000 for the first time over the weekend, and it continued its record-setting run on Monday. The bitcoin market cap soared past $70 billion, initiating an event the cryptocurrency community has been anticipating for years: bitcoin now has a greater total valuation than payment-processing behemoth PayPal.
While many of the largest cryptocurrencies are fading modestly this morning, Bitcoin is holding on to dramatic agains which saw the largest virtual currency spike to as high as $4190 as Yen, Yuan, and Won trading activity dominated volumes.
While all eyes were distracted with the Trump-demeaning headlines of the foreign sanctions bill, few spotted the hidden mandate that foreign governments monitor cryptocurrency circulations as a measure to combat “illicit finance trends” in an effort to “combat terrorism.”….
Bitcoin is now up almost 35% since the August 1st fork, and up over 90% from the mid-July fork-fears panic low. Buying was heavy in the overnight Asian session but surged once again this morning, seemingly after US CPI data disappointed, lifting the price to a new record high of $3547.
BREAKING: BANKERS’ NEW SDR CRYPTO BLOCKCHAIN WILL ENSLAVE HUMANITY?? – Lynette Zang
https://youtu.be/sG3Ju8AhCKM
Aug 9, 2017
The new Chinese-created ACChain crypto currency blockchain will be the SDR-related world currency that will allow the international banking elite to digitize every tangible asset on earth, and they will then exert total control over all of it.
FEAR & LOATHING IN CRYPTO LAND
https://www.youtube.com/watch?v=whA_9VrcRVI
Aug 10, 2017
This is a response to my friends Jsnip joe, Bix Weir and Andy Hoffman regarding their reactions to my latest CONVERSATION with ITM Trading’s Lynette Zang in which we discuss the new ACChain blockchain and the bankster’s goal to chip, track, trace and own EVERYTHING on the planet.
THE ACChain CONTROVERSY — JSNIP4 & BRAD PETERS
https://youtu.be/q048FZ14G_E
Aug 11, 2017
Intel senior software engineer Brad Peters and Joe from the Jsnip4 Realist News you Tube channel join me to discuss my recent interview with ITM Trading’s Lynette Zang and the ACChain SDR blockchain controversy.
In what some have called a “watershed” moment for bitcoin, Bloomberg reports that a company co-owned by an aide to Russian President Vladimir Putin is seeking to expand Russia’s bitcoin-mining industry, leveraging Russia’s cheap energy to rival China as the world’s largest mining market.
The company, known as Russian Miner Coin, or RMC, is seeking to raise $100 million in an initial coin offering, promising buyers a right to 18% of the company’s mining revenue, according to a presentation cited by Bloomberg.
Bitcoin, and Bitcoin Cash, are both higher this morning as the former surges above $3400 for the first time. Ethereum is also running higher as analysts predict a double for ether and $5000 Bitcoin price in 2018. This morning’s surge follows news over the weekend of a mysterious trader ‘Spoofy’ manipulating Bitcoin prices.
With Bitcoin trading at all fresh time highs, rumors are swirling about a trader “with nearly unlimited funds who is manipulating the Bitcoin markets.” This trader nicknamed “Spoofy” has received his “nom de guerre” because of his efforts to “spoof” the market, primarily on Bitfinex.
It’s been about a decade since the term “mortgage arbitrage” made headlines. It’s back.
In the clearest sign yet of just how late far the investing cycle the developed world finds itself, the FT writes that wealthy British homeowners are again borrowing against their property to invest in bonds, equities, alternative investments or commercial property as the low cost of debt creates opportunities for “mortgage arbitrage”. And while taking out a mortgage to invest in “safer” arbs like corporate bonds, commercial real estate or private equity would be at least understandable, if not excusable, in the current low-yield regime, some more extreme “investment” decisions suggest that the madness and euphoria that marked the peak of the last asset bubble is back: because while growing numbers are prepared to risk using their primary residence as collateral, some are ready to gamble on extremely volatile assets like bitcoin, wine and cars.
Despite the ongoing demise of Bitcoin Cash (down another 13% today) since the fork 4 days ago, cryptocurrencies are surging higher this morning with Bitcoin up 12% to a new record high at $3230.
While Bitcoin Cash (the product of the weekend’s fork) remains the third largest cryptocurrency (by market cap), it is rapidly collapsing in price as ‘supply’ picks up after Coinbase folds and will allow its clients to access their ‘cash’ coins. At the same time, Bitcoin is surging back towards $2900 on its way to record highs.
Bitcoin cash has existed for barely 24 hours. Yet its price has doubled as an increasing number of digital currency exchanges have enabled trading in the bitcoin twin.…
After a brief delay, the first bitcoin cash blocks have been mined and trading in the new cryptocurrency has begun – albiet at a sizable discount to bitcoin.
With only a few hours remaining before the widely-expected Bitcoin network’s SegWit activation and its anticipated fork, there is a bifurcation in the crytpo-world with Bitcoin higher (up 5%) and the rest of the major virtual currencies lower (down 4%). For now, crypto markets seem relatively calm and stable ahead of what was feared to be an extreme volatility moment.
This week the International Monetary Fund shocked some economic analysts with an announcement that America was “no longer first in the world” as a major economic growth engine. This stinging assertion falls exactly in line with the narrative out of the latest G20 summit; that the U.S. is fading away leaving the door open for countries like Germany and China to join forces and fill the power void. I wrote about this rising relationship between these two nations as well as the ongoing controlled demolition of America’s economy in my article ‘The New World Order Will Begin With Germany And China’.
I find it interesting that the IMF is once again taking the lead on perpetuating the image of a failing U.S., just as they often push for the concept of a single global currency system to replace the dollar as the world reserve. The most common faulty counter-argument I run into when outlining the globalist agenda to supplant the dollar with the Special Drawing Rights basket system is that “the IMF is a U.S. government controlled organization that would never undermine U.S. authority.” Obviously, the people who make this argument have been thoroughly duped.
Greek authorities have arrested a 38-year-old Russian man wanted in the United States on suspicion of masterminding a money laundering operation involving at least $4 billion through transactions in bitcoins. Reuters reports, a US jury indicted the man on Wednesday over the scheme which involved crimes ranging from computer hacking to drug trafficking.
KeepTalkingGreece reports that Alexander Vinnik was arrested in a small beachside village in northern Greece on Tuesday, according to local authorities, following an investigation led by the U.S. Justice Department along with several other federal agencies and task forces.
The following were found in his hotel room and seized by police:
A US jury has indicted a Russian man as the operator of a digital currency exchange he allegedly used to launder more than $US4 billion ($AU5 billion) for people involved in crimes ranging from computer hacking to drug trafficking.
Alexander Vinnik was arrested in a small beachside village in northern Greece on Tuesday, according to local authorities, following an investigation led by the US Justice Department along with several other federal agencies and task forces.
The largest cryptocurrencies are under presure again today – Bitcoin, Ethereum down around 10% – as it seems some anxiety remains ahead of the August 1st scaling decision deadline, chatter about Russian Bitcoin viruses, and a new report from BofA has raised more questions than answers about the future of virtual currencies.
“Bitcoin could make a marginal new low –to ~1,786—but again, not much further than there. Anything above 3,000 (Jun. 13th high) will suggest potential to have already started wave V, which again has a minimum target at 2,988 and scope to reach 3,691.”
Bitcoin is up 40% from its weekend lows as the combination of a bullish Goldman Sachs note on the virtual currency and a major sigh of relief that the potential ‘civil war’ over cryptocurrency’s scaling solutions appears to be over (with over 80% of the hashrate currently voting for the protocol upgrade).
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