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.
People will accept any insult to their liberties in order to survive, which is the reason why one crisis after another is scientifically engineered. Confusion and fear is the secret weapon of tyrants. This will continue until a significant segment of the population (perhaps 15%) understands the scam and pushes back.
West railed against a COVID-19 vaccine saying he believes it is the mark of the beast, a symbol of opposition to God noted in the Book of Revelation. He condemned Planned Parenthood and believes it is the tool of white supremacists to do the “Devil’s work.”
No one has done a proper study for a novel, never-seen-before virus, and it will never be attempted because it would destroy the theory that one virus is causing a pandemic. A few people at the top know the truth, but the cult operates on blind faith.
The decision could call into question thousands of state prosecutions for serious crimes. Under federal law, major crimes committed by individuals on Native American land must be tried by the federal government. Hundreds of state prosecutions could become undone, even for heinous crimes.
Oregon politician Jonathan Lopez admitted to police that he sent an “anonymous” hate-filled racist letter to himself in a bid to advance his political career. He lost the primary race and placed fourth when he was a candidate for county commissioner in May 2020.
It is already a crime to file a false police report and this bill could have a chilling effect on calling the police in a real emergency – especially if the crime or threat of crime is committed by someone of a protected minority.
Trump’s broad rollback of Obamacare rules that required employers to provide free birth control to women. But employers are no longer forced to participate in providing cost-free contraceptives to employees. Congressman Jerry Nadler said the regulations upheld by the Court can be reversed by a new President.
Samantha Shader is accused of hurling a Molotov cocktail at an NYPD van full of police during a George Floyd protest, and she claimed a trio of “black” strangers made her do it. Prosecutors say the bottle failed to ignite because she used toilet paper instead of a rag as the fuse. The facts do not support her story.
The State’s Medical Practice Board accused Dr. Jensen of ‘providing reckless advice’ on a news program by comparing COVID-19 to the ordinary flu. [Dr. Jensen is correct, of course, and If this goes to court, there is a good chance he will prove his case. Our guess, therefore, is that it will never go to court.]
The new classification of ‘probable cases’ includes 15 possible ways to be counted as a COVID-19 patient without ever taking a lab test. Anyone who had contact with a COVID-19 patient and has two symptoms can be considered a probable COVID-19 case and could be quarantined for 14 days.
Forest City Police Department officials said that Shaquille Marshon Francis allegedly murdered the girl just three hours after he had been released from jail. Earlier in the day, he was arrested and booked for allegedly pointing a gun at someone, and he was released hours later, enabling him to kill the little girl.
The driver was attempting to make a U-turn near the near the burned-down Wendy’s where Rayshard Brooks was killed when a group of armed individuals who were blocking the entrance confronted her and opened fire on the car. The police are seeking three suspects.
House Bill 2502 that would give the director of the State Department of Health the power to declare a health emergency if authorized by the governor. The governor already has the power to declare a health emergency, and critics of this bill say that it gives too much power to a state official who is not elected.
Rockland County officials issued subpoenas to eight people allegedly infected by the coronavirus to compel them to speak with contact tracers about contracting the COVID-19 disease at a party last month. Patricia Rupert, the county’s health commissioner, said, “Failure to comply will be costly: $2,000 per day.”
The country’s uninformed population may be exploited as the French researcher Jean-Paul Mira proposed, “Shouldn’t we be doing this study in Africa where there are no masks, no treatment, no intensive care, a little bit like we did in certain AIDS studies or with prostitutes?”
Places of worship must therefore discontinue singing and chanting activities and limit indoor attendance to 25% of building capacity or a maximum of 100 attendees, whichever is lower. A choir practice without masks was blamed for an acute outbreak of coronavirus in Washington State in March.
Video shows a driver hitting two female BLM protesters standing on the I-5 freeway at 1:30 in the morning. Summer Taylor died at the hospital. The Washington State Patrol says it will not allow protesters to enter I-5 and will arrest pedestrians on the freeway. The driver, Dawit Kelete, was arrested.
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The Federal Reserve plans to have a cryptocurrency system, transforming our nation’s payment system by 2020, under the ‘Faster Payment Environment.’ The Federal Reserve is endorsing the AML Bitcoin that is compliant with the Patriot Act biometric identification.
Bulgaria: Banks cracked down on Bitcoin exchanges last week by closing down the exchanges’ commercial-bank accounts and blocking them from obtaining national currencies. The exchanges pointed to bankers, not the government, as the source of the problem, although it is likely that the government would have prevented the banks from doing that to any other class of customers. According to independent news sources, the exchanges began restoring operations several days later.
The goal of the new cryptocurrency is to create a new payment system for purchases on Facebook and across the Internet, as Facebook has 2.4 billion members who are active each month. There are reports that the investors will have full access to Facebook users’ financial data.