Day: December 30, 2020

The Credibility of Dr. Drew

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This is an opinion. Facebook Twitter LinkedIn Reddit Messenger Earlier in the year, Dr. Drew repeatedly tried to downplay the threat of the coronavirus. He just contracted the virus this month, and he’s now he’s singing a completely different tune. While it’s nice to hear him apologize, we can’t forget the gross misinformation this ‘doctor’ gave us in 2020. If Dr. Drew had any credibility left, it’s gone now. Whatever goodwill Dr. Drew Pinksy gathered as a grounded, fact-based physician on the hit radio show “Loveline,” he’s cheapened, muddled, and…

Censoring Bitcoin Mining Pool A Governments Dream Come True

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Mining pools that processes bitcoin transactions can reject wallets that are questionable to nefarious dealings. uneducatedeconomist@gmail.com real mail P.O. 731 Astoria , OR 97103 patreon Want to buy me a coffee ZELLE uneducatedeconomist@gmail.com uneducatedeconomist@handcash.io Buy an Uneducated Economist hoodie BTC 3QuefL5L7GbXJgHPqRnHzvAGdgz4pKo6tM LTC MR5Cisf7gNxgp5LDK97vx6Qy45S9X22LCD LINK 0x8905A67D405737152F8394C5fD35b2b9EfCBC25b BCH qratty9pxfr737p5q7tpr7fwrgfsc63zgvl4a3dsyr ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Heavy hitters of crypto call for users to comment on proposed FinCEN wallet rule

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A number of players are encouraging individuals to speak out against FinCEN’s new crypto rules before comments close next week. Crypto exchange Coinbase and the foundation behind Monero are the latest firms to join in calling for crypto users to share their thoughts on the U.S. Treasury’s Financial Crimes Enforcement Network’s new rules. In a blog post today, Coinbase CEO Brian Armstrong said the proposal would represent “too big of an intrusion” on users’ privacy, stating that crypto exchanges would need to collect and share names and addresses for anyone…

CRYPTO MARKET UPDATE: Paypal Now Live For Crypto Trading! Binance Blocking US Citizens From Exchange

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CRYPTO MARKET UPDATE: Paypal Now Live For Crypto Trading! Binance Blocking US Citizens From Exchange and You Now Can Take USDC Loans Out Against Your Stake ETH 2.0 Tokens w/ LiquidStake Customers will be able to trade up to $20,000 a week, rather than the originally announced $10,000. Darma Capital is one of several companies planning to offer intermediated staking that would let users have access to their capital. Through its LiquidStake initiative, both retail and institutional stakers can delegate their capital…

High volume surge propels Bitcoin price to a new all-time high at $29,000

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Within the last hour, Bitcoin (BTC) price rallied to set a new all-time high at $29,000.  On Dec. 29 Bitcoin price attempted to push through a stiff resistance cluster at $28,500 but after rallying to $28,600 the price rejected with a sharp correction to $27,300. Daily cryptocurrency market performance. Source: Coin360 Today’s move to $29,000 came after a high volume surge pushed through the $28,500 resistance but the battle for $30,000 is far from over. Data from Material Indicators shows there are still sell walls near the $30,000 level at…

NFL player Russell Okung isn’t getting paid in Bitcoin; this is what he’s doing instead

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National Football League player Russell Okung is a strong proponent of Bitcoin (BTC). And while he may be converting a portion of his salary into BTC, his employer, the Carolina Panthers, isn’t paying him in virtual currency — although a few excitable crypto-focused publications were foxed by the story. A spokesperson from the Carolina Panthers confirmed to Cointelegraph that Okung, like the rest of his teammates, is paid in dollars only. What he chooses to do with the money is his business, the spokesperson said. In other words, the player…

What Is Proof-of-Stake?

Proof-of-stake is a method of maintaining the integrity of a cryptocurrency, preventing users from printing extra coins they didn’t earn. While a different method, called proof-of-work, is currently used by Bitcoin and Ethereum – the two largest cryptocurrencies by market capitalization – Ethereum has plans to migrate to proof-of-stake to make the platform more scalable and reduce energy consumption of the network. Both proof-of-work and proof-of-stake are what are called “consensus mechanisms,” the method by which a blockchain maintains its integrity. Consensus is what addresses the “double spending” problem of…

Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes Long-Shot Bet

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Bitcoin (BTC) trading around $28,775 as of 21:00 UTC (4 p.m. ET). Gaining 7.3% over the previous 24 hours. Bitcoin’s 24-hour range: $26,796.90 to $28,969.90 (CoinDesk 20) BTC above its 10-hour and 50-hour moving averages, a bullish signal for market technicians. Another day, another all-time high in bitcoin as the cryptocurrency changed hands as high as $28,969.90, according to data compiled by the CoinDesk 20. Bitcoin’s price began its upswing at around 17:00 UTC (12:00 p.m. ET) Tuesday and barely let up, taking off from $26,400 to the brink of…

The Chances of a Parabolic Chainlink Rally are Surging; What Analysts Think

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Chainlink has been severely underperforming Bitcoin as of late, despite its enormous and devoutly loyal community and continued fundamental growth. This isn’t uncommon for the crypto, as it often trends independent from the rest of the market, seeing some of its largest rallies during the depths of the bear market seen over the past few years. Its growth from a small ICO to a multi-billion-dollar project has been incredible, and many still believe that its future is brighter than ever. From a technical perspective, its lackluster performance as of late…

SkyBridge Capital Makes Bitcoin Investment Worth over $180 Million

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Anthony Scaramucci’s SkyBridge Capital has become the latest company to invest in Bitcoin, with the firm putting over $180 million in BTC, according to an investment deck obtained by The Block. SkyBridge Capital Invests in Bitcoin While the proposed Bitcoin fund by SkyBridge Capital Investment firm awaiting approval from the U.S. Securities and Exchange Commission (SEC), the global investment firm has put in $182 million in bitcoin on behalf of its investment funds. SkyBridge Capital earlier filed with the U.S. SEC to launch a new Bitcoin Fund known as SkyBridge…