Cryptocurrencies have lost about $60-billion in less than a week following the continuing decline of Bitcoin, Ethereum, Litecoin, Ether, and Ripple. Bitcoin tumbled to $4,237 before regaining support in the late afternoon session. According to CoinMarketCap.com, digital-currency assets have lost approximately $700-billion of market value since the peak in December 2017.
Bitcoin’s hash rate, or the speed at which a given mining machine operates by finding and solving blocks through complex computations, has dropped and led some crypto miners to shut down their rigs. The 2018 bear market is forcing many miners to operate at a loss, and some are pulling the plug on their operations.
[We do not recommend what investors should do at this stage but we feel compelled to remind everyone that the market for all emerging, disruptive technologies, such as cryptocurrencies, are volatile. Major price dips are to be expected rather than viewed as the end of the market. The reason so few people never buy low and sell high is that, when prices fall, they run for the exit doors instead of seeing it as possibly the opportunity they are hoping for. Click here for additional commentary on this phenomenon.] – GEG commentary
Cryptocurrencies have lost about $60 billion in less than a week following the collapse of Bitcoin, Ethereum, Litecoin, Ether, and XRP, which hit their lowest levels since 2017. Bitcoin tumbled to $4,237, a 13-month low, before regaining some support in the late afternoon session. If $4,207 support is breached, Bitcoin could crash even more to the weekly 200sma at $3,130.
After months of low volatility and declining volume, everything has been flipped upside down, and cryptocurrency bulls are left scrambling after a 30% liquidity gap opened up in the last several weeks.
According to CoinMarketCap.com, digital assets have lost approximately $700 billion of market value since the crypto-mania peak in December 2017. Since the peak, Bitcoin has sustained 87% declines as hash rates have also taken a dip.
According to eToro senior analyst Mati Greenspan, Bitcoin hash rates have fallen to the lowest levels since August, and this has led some crypto miners to shut down their rigs.
The robber reportedly put his gun inside the child’s mouth. The grandmother screamed and snatched the child back while the father “flipped out” and hit the gunman so hard that he suffered a severe head injury. The father is now being held in jail for aggravated assault.
The US has one-quarter of the world’s immigrants, between 45 to 60 million, but they are not assimilating. Even though citizens vote against immigration, progressive elites foist it upon them to change the demographics and the culture of the host nations.
NBC News is making propaganda videos aimed at children aged 2 -11 that has a strong leftist bias. Topics include DACA Dreamers, refugees, sanctuary cities, and transgenders. Leaders in the Democratic Party are featured throughout the program.
Democrats are against the wall because the left gains votes from immigrants. There are an estimated 22-million illegal aliens in the US, and Republican politicians also welcome immigrants because they provide cheap labor for their corporate donors.
Neuroplasticity allows molding and shaping of the brain when exposed to certain environments for more than three hours a day, and the average American child spends nine hours a day interacting with screens.
An 8-months pregnant Honduran woman scaled California’s flimsy border fence with her husband an 3-year old son and gave birth to an anchor baby hours later in the US. The baby will entitle her to taxpayer-funded welfare under birthright citizenship laws.
She is planning to decline prosecution of crimes that include resisting arrest, drug possession with intent to distribute, threats, wanton or malicious destruction of property, breaking and entering vacant properties, larceny under $250, shoplifting and more.
Arkansas Representative Johnny Rye has proposed a bill that would allow large social media websites to be sued by the Arkansas attorney general in civil litigation for removing certain religious and political posts.
France deployed 89,000 police and milirary to try and contain the crowds across the country. 1,385 people were arrested and over 100 protesters were injured, including a man whose hand was blown off after reportedly picking up a grenade fired by police.
Initially, law enforcement authorities identified Bradford as the gunman and then changed their story the next day. A judge ordered the police officer’s body-cam video and mall surveillance video to b released, but it is being withheld from the public pending a police investigation.
Duterte’s remarks preceded the arrest of yet another priest in the country accused of of sexual assault of children. Duterte regularly attacks the Catholic Church and claims to have been the victim of sexual assault as a child at the hands of an American Jesuit priest.
Portland is a secular city with a left-leaning monoculture that has a void instead of religion or purpose. He says people want to be heroes and actually believe they are in a fight with fascists and they are willing to use violence.
For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.
Bitcoin makes another dramatic advance, this time above $9,500 as Korea’s second largest bank, Shinhan Bank, tested Bitcoin services for its clients. The bank intends to manage and issue the private keys of bitcoin addresses and wallets. Shinhan is no small enterprise with $192-billion in assets and over 13,000 employees in 2016. Bitcoin now has a market cap over $156-billion, leaving the cryptocurrency worth more than Merck, Disney, and GE.
Find out what the blockchain is, why the price of Bitcoin has exploded, how to buy and store Bitcoin, and how the banks are maneuvering to dominate the system. This is not a recommendation to buy Bitcoin, but a guide for what to expect should you decide to do so. We believe that lots of money will be made and lost in the early stages of cryptocurrency. The more you know about it, the better your chances are for success.
BitConnect has closed down its lending and trading platform. Many have called it a ponzi-scheme, because people would loan the anonymously-run site money in exchange for exorbitant interest, depending on the length of the loan. BitConnect’s platform was a multi-level referral system. The site claimed it earned revenue from day-trading crypto coins. The company blamed the closure on bad press, two cease-and-desist letters from securities authorities on the basis that it lacked proper registration, and perpetual DDoS (distributed denial-of-service) attacks on its servers.