Bee Network Is An Anonymously Managed Clone of Pi Network

https://i0.wp.com/onlinemarketingscoops.com/wp-content/uploads/2021/03/EtS_DYxUcAUXV1X.png?resize=811%2C610&ssl=1

How did it grow so fast?

As a new network offering a free coin that will be magnetizable one day, it could be attracting users that didn’t join other such networks (e.g. Pi network) early on. It seems that some people are really into maximizing their virtual currency holding.

Similar to Pi Network, Bee has a referral marketing model and provides higher digital coins to initial users creating MLM like incentives for users. Based on our qualitative assessment of online comments, people seem to be driven by the desire to make money with very limited effort and are not concerned about their privacy since they already freely provide their data to other companies such as Facebook.

Bee Network has registered over 7 million users worldwide on 2 Mar 2021, the 13th week since our global launch. We have seen that the ranking of countries with most users are constantly changing! This is a good sign which Bee Network has gained momentum and gone viral across different communities in different period.

It does not matter where you are from as we are all the pioneers in making Bee Network great together. Let’s keep it grows and spread the word to the rest of the world!

Institutions buy more Bitcoins per month and there isn’t enough for everyone. As bitcoin is circulating freely right now, blockchain data show, the number has been getting smaller with each passing month over the last year. The pattern suggests that the ever decreasing supply of bitcoin available to buy and sell might lead to a price surge as more investors jump into the cryptocurrency market.

Rafael Schultze – Kraft, Chief Technology Officer of Glassnode, blockchain data company, reported that a total of 26,000 new bitcoins have been minded since 2021, and Grayscale has bought 40,000 bitcoins this year, worth up to 1.5 billion US dollars. At the same time, it means that the speed at which Grayscale buys bitcoins is 154% of the supply of newly mined bitcoin this year.

Fewer bitcoins are becoming available to investors, so as a result, the bitcoin price drives up. A longer period that seen historically, potentially providing more support to bitcoin’s price strength in the long term despite short-term corrections like last week’s 21% retreat.

The followings are the benefits mostly used in BEE:

  • Majority knows crypto, minority grasped its growth.
  • Majority burns energy, minority mines the fruit.
  • Majority invests, minority cashes out.
  • Majority gambles, minority manipulates.
  • Decentralized Ecosystem
  • Gaming experience of Bee Network is built upon an ecosystem of decentralization.
  • Fair Game For Everyone
  • Anyone with mobile phone and internet access can join the game upon referral. No supercomputers needed.
  • Exciting Game Experience
  • You will be rewarded by active participation in the game of Bee Network.
  • You are only required to verify one of your Facebook accounts, or phone number, or Apple ID at stage 1. Bee Network will require further verification from you when the project has entered next phases.

Once you have chosen to use a phone number as your signup method, you can only login your Bee account by SMS verification to that phone number. Therefore, if your SIM card is not a fixed mobile phone for some reasons, we suggest you use Facebook or Apple ID as your sign-in method.

If the application still can’t proceed, we recommend you uninstall the application and delete the relevant data on your phone, and download the latest version on App Store or Google Play and launch again. This shall not affect your Bee balance given you have not signed out before a 24-hour session ends.

Dont forget to put this referral code in registration: arminham

Source: Bee Network is an anonymously managed clone of Pi Network

.

.

Screenshot_2021-01-27-www-bevtraders-com-25-1-1-2-1-2-1-1-2-1-1-1-1-1-1

NFT Platform Zora Chips Away at Ethereum’s Carbon Footprint
kriptopsi.com – Today
[…] Read More Most Read News Market Analysis Report (05 Mar 2021) 2021-03-05 Crypto Exchange Bybit To End Trading for UK C […] Get Crypto Newsletter Subscribe Market Cap 24h Vol 60 […]
0
Networking notes – Recent articles, news and posts to help readers of the Computer Networking Principles, Protocols and Practice ebook to expand their networking knowledge
blog.computer-networking.info – Today
[…] READ MORE Using public-key crypto remains difficult Pretty Good Privacy, released in 1991, was probably one of the first softwar […]
0
Intro Video for Advanced Price Pattern Scanner – Trading Systems – 5 March 2021 – CRYPTO CRYPTO NEWS
cryptocryptonews.com – Today
Advanced Price Pattern Scanner is the non repainting pattern scanner designed for both MetaTrader 4 and MetaTrader 5. It can detects many important price patterns for your trading like rising wedge, falling wedge, head and shoulder patterns, Cup and Handle, etc. Here is an intro video for Advanced Price Pattern Scanner from YouTube. Please check it out. YouTube Video:  https://www.youtube.com/watch?v=A1-IUr6u5Tg Below is the direct link to Advanced Price Pattern Scanner. As usual, we provide it for both mql5.com and algotrading-investment.com. https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/ https://www.mql5.com/en/market/product/24679 https://www.mql5.com/en/market/product/24678
0
The Crypto Roundup: 05 March 2021 | CryptoCompare.com
[…] accepting payments in the meme-based cryptocurrency Dogecoin (DOGE) as part of an agreement with crypto payments services provider BitPay […] accepting payments in the meme-based cryptocurrency Dogecoin (DOGE) as part of an agreement with crypto payments services provider BitPay. The cryptocurrency was earlier this week added to crypto ATM provider CoinFlip’s network of over 1,800 machines […]
1
Sun Storm Investment Stocks Research 03.06.2021: Best 5 Stock To Watch : sunstorminvestment
[…] & Research Contact: Find me anywhere debadipb Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest o […]
0
Sun Storm Investment Stocks Research 03.06.2021: FTSE 100 Heat Map : sunstorminvestment
[…] & Research Contact: Find me anywhere debadipb Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest o […]
0
Next Generation Crypto Currency Exchange
nitroex.io – Today
Catch the Acceleration Of Crypto World At NitroEx…
144
Sun Storm Investment Stocks Research 03.06.2021: Single Stock Analysis: AXA SA France : sunstorminvestment
[…] & Research Contact: Find me anywhere debadipb Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest o […]
0
Crypto Casino Games – The 16 Best Bitcoin Gambling Games (BC)
bc.game – Today
BC.game offers the best crypto casino games and gambling games. Supports BTC, BTC-LN, ETH, DOG,EOS, TRX, XMR, LTC, XRP, TRTL, and SERO. Fast payouts, provably fair provably, and free coins.
N/A
Cardano (ADA) Signal | Blockfolio
blockfolio.com – Today
[…] that Cardano has once again been featured as one of the Top 50 blockchain projects by Switzerland’s Crypto Valley VC (CV VC) […]
2
Home
tcleducation.com – Today
[…] Click the button below to learn more! GET STARTED THE CRYPTO LOUNGE The TCL Crypto Lounge is a live zoom room showing you live chart and market analysis viewable on any device […] Click below to learn more! GET STARTED FOUNDATIONS OF CRYPTO TRADING The Foundations of Crypto Trading is an online, lesson based coursed, designed to teach you everything you need to star […] Click below to learn more! GET STARTED THE CRYPTO SOURCE CODE The Crypto Source Code is our advanced trading course designed to show you trade setups, how to use marke […]
344
IOST Partners With Polkadot for Cross-Chain Interoperability Breakthrough – Press release
news.bitcoin.com – Today
[…] Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community NEWS | 2 hours ago Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion TAXES | 4 hour […]
2
zenroom ·
pypi.org – Today
[…] Public License v3 (AGPLv3) Author: Danilo Spinella, David Dashyan, Puria Nafisi Azizi Tags zenroom, crypto-language-processing, virtual-machine, blockchain, crypto, ecc, dyne, ecdh, ecdsa, zero-knowledge-proofs, javascript, npm, ecp2, miller-loop […] Public License v3 (AGPLv3) Author: Danilo Spinella, David Dashyan, Puria Nafisi Azizi Tags zenroom, crypto-language-processing, virtual-machine, blockchain, crypto, ecc, dyne, ecdh, ecdsa, zero-knowledge-proofs, javascript, npm, ecp2, miller-loop […]
N/A
Smart R Distribution to supply Dahua video surveillance solutions | Security News
[…] other cases of hijacked user credentials can be limited or mitigated if devices are issued strong, crypto-derived, unique credentials like a digital certificate […]
1
BlockFi | Get Up To $250 In Bonus BTC
try.blockfi.com – Today
[…] this must be your first ever deposit in the BlockFi Interest Account, and you must maintain a $25+ crypto balance through the 14th of the month at 23:59:59 UTC two and a half months from the month o […]
N/A
‘Dr. Doom’ economist Nouriel Roubini blasts get-rich-quick schemes – and says it’s obvious that current market mania ‘will end in tears’
[…] are convinced that financial success lies in get-rich-quick schemes, or “worthless assets” like crypto […]
1
Bitcoinmix.org Review: How it Works and Why it Stands Out
[…] The crypto industry has multiplied since Satoshi Nakamoto published the 2009 Bitcoin White Paper. As the crypto industry grows, surveillance of crypto companies has also increased globally […] As regulations regarding crypto continue to be tight, most crypto exchanges now require strict KYC information and go beyond the overall goal of remaining anonymous […]
0
Stake.com: Bitcoin Casino & Sports Betting – Crypto Gambling
stake.com – Today
Trusted Crypto Casino & Sportsbook. Instant deposits and withdrawals. Live dealer, provably fair and over 1000 slot games. Bet with your favorite crypto.
N/A
How crypto exchanges checkmate scam activities in Nigeria
businessday.ng – Today
[…] of Nigeria, Yemi Osinbajo became the most important voice in the government on the side of the crypto market […]
0
CTBot|Get crypto tipping every day
ctbot.io – Today
How to check CTBot activity’s winning results? Just 3 step: 1. Copy the tweet URL 2. Search tweet URL on CTBot 3. Enter the search results to view Try it now!
N/A
Enjin Will Release Two Solutions To Support NFT Market And Reduce Ethereum Fees | by The Crypto Basic | The Capital | Mar, 2021 »
maxbit.cc – Today
Download MAXBIT Android App, Your best source of all crypto news! Source link
1
PYPL Stock Forecast, Price & News (PayPal) | MarketBeat
[…] com PayPal to Buy Crypto Custody Firm Curv: Sources – Yahoo Finance March 4, 2021 |  finance […] com PayPal Is in Talks to Acquire Crypto Storage Firm Curv – Bloomberg March 2, 2021 |  bloomberg […] com PayPal stock pares drop after reports on Curv crypto storage deal – Seeking Alpha March 2, 2021 |  seekingalpha […]
N/A
5 top crypto career opportunities for Nigerians
businessday.ng – Today
Any ardent Twitter user who follows a sizable number of the Nigerian tech community would have in recent times noticed some…
0
The Crypto Prophecies – Blockchain Game
[…] Sign up to claim free tokens BLOCKCHAIN GAMING Get ready to claim your spot in CRYPTO history. Your crypto prophets are your secret weapon, summon them, nurture them, and use their magic to overthro […] Follow Crypto Prophecies on: HOW TO PLAY Enter the Crypto Arena Summon your prophet Use magic stones to summon your Prophet then prepare them for battle b […] Crush your opponent in the battle arena to win the total wager and begin creating your very own Crypto Prophecy. THE CRYPTO PROPHETS Bearers of the ‘profit magic’ Prophets are magical creatures that are found within th […]
0
The Crypto Prophecies – Blockchain Game
[…] Sign up to claim free tokens BLOCKCHAIN GAMING Get ready to claim your spot in CRYPTO history. Your crypto prophets are your secret weapon, summon them, nurture them, and use their magic to overthro […] Follow Crypto Prophecies on: HOW TO PLAY Enter the Crypto Arena Summon your prophet Use magic stones to summon your Prophet then prepare them for battle b […] Crush your opponent in the battle arena to win the total wager and begin creating your very own Crypto Prophecy. THE CRYPTO PROPHETS Bearers of the ‘profit magic’ Prophets are magical creatures that are found within th […]
0
Hashing Ad Space
Watch Ads, Get Paid JOIN AND EARN (NO PAYMENT REQUIRED) Our revolutionary crypto minting platform lets you earn income daily viewing ads. With no special equipment needed. It’s simple, profitable and anyone can do it
N/A
Quebec-based auto dealer HGregoire now accepting Bitcoin when buying a car
telegraf.id – Today
[…] HGreg says that it has already completed some crypto transactions to test the process and help make it easier for customers […] Source by [author_name] CONTINUE READING BUSINESSCoinbase founder rides crypto boom to Nasdaq listingPublished 5 hours ago on 05/03/2021 By Of all the ways to grow rich from th […] “We’re gonna have the crypto Elon Musk,” said Linda Xie, founder of cryptocurrency fund Scalar Capital and a former Coinbas […]
1
Software Development Engineer – AWS Artificial Intelligence (AI) – CRYPTO CRYPTO NEWS
cryptocryptonews.com – Today
Job title: Software Development Engineer – AWS Artificial Intelligence (AI) Company: Amazon Job description: next generation of AI services, we’re looking for you! As a Software Development Engineer on the Amazon Transcribe team…) or Natural Language Understanding (NLU)? If you are a passionate and innovative engineer interested in developing the… Expected salary: Location: Seattle, WA Job date: Thu, 04 Mar 2021 08:56:15 GMT Apply for the job now! Register at Binance
0
US States where Bitcoin Gambling is Illegal –
mentalitch.com – Today
[…] You will need to obtain a special license to transfer any crypto coins […]
0
The Crypto Prophecies – Blockchain Game
[…] Sign up to claim free tokens BLOCKCHAIN GAMING Get ready to claim your spot in CRYPTO history. Your crypto prophets are your secret weapon, summon them, nurture them, and use their magic to overthro […] Follow Crypto Prophecies on: HOW TO PLAY Enter the Crypto Arena Summon your prophet Use magic stones to summon your Prophet then prepare them for battle b […] Crush your opponent in the battle arena to win the total wager and begin creating your very own Crypto Prophecy. THE CRYPTO PROPHETS Bearers of the ‘profit magic’ Prophets are magical creatures that are found within th […]
0
Decentralized Companies Are the New Norm and It’s the DAO Revolution That’s Making It Possible ⋆
[…] The crypto industry is not new to remote working as most projects are developed and run by multifunctiona […] The leading crypto exchange operator, Coinbase, recently became a decentralized company […]
1
Lead Blockchain Dev Ops Engineer – CRYPTO CRYPTO NEWS
cryptocryptonews.com – Today
Job title: Lead Blockchain Dev Ops Engineer Company: JPMorgan Chase Job description: our Blockchain Innovation group, supporting Onyx, by J.P. Morgan. As a DevOps Engineering Lead you will lead efforts to help the… blockchain team in supporting multiple blockchain networks. In this role, you’ll be working with the global blockchain… Expected salary: Location: Jersey City, NJ Job date: Wed, 03 Mar 2021 23:28:03 GMT Apply for the job now! Register at Binance
0
I Like Stocks Market Day Trading Options Forex Bull Crypto Raglan Baseball Tee
stocksnewsfeed.com – Today
ASIN: B08WLN3T41 Category: Women’s Shops Brand: Trading Bull Merchant: Amazon.com Condition: New Shipping: Amazon Global, Free shipping, Prime Price: $18.97 Buy Now more info Stocks Only Go Up! Stock Trader chart candle design for stock investors, Bulls and Bears!
1
I Like Stocks Market Day Trading Options Forex Bull Crypto Long Sleeve T-Shirt
stocksnewsfeed.com – Today
ASIN: B08WLNVLQV Category: Women’s Novelty Clothing Brand: Trading Bull Merchant: Amazon.com Condition: New Shipping: Amazon Global, Free shipping, Prime Price: $18.97 Buy Now more info Stocks Only Go Up!
1
Trust | Want | Need. March Market Outlook | by Blockchain.com | @blockchain | Mar, 2021 – CRYPTO CRYPTO NEWS
cryptocryptonews.com – Today
[…] Bitcoin blasts higher while long bonds and gold plunge; US dollar stays steady The crypto bull market powered on in February with bitcoin (BTC) setting another new all-time high at ~$58k on […] market value is currently less than $1 trillion And as we watch a very broad range of use cases for crypto continue to blossom, including non-monetary use cases such as the Microsoft digital identity system […]
0
PROPERSIX
propersix.com – Today
UNDERSTANDING CRYPTO – GLOBAL ADOPTION Global Adoption The world of finances has always moved forward with big leaps […] course, not instantly, but when was the last time you sent money through a telegraph system? Enters crypto But one thing all of those innovations had in common […] Even a person without a passport could have a crypto wallet […] com survey that was conducted in January 2021, there are over 106 million crypto users in the world […]
0
VeriCoin & Verium – Official Site | Home
vericoin.info – Today
Although the competition amongst crypto-currencies is intense at present, I have no doubt that with these features, VeriCoin will be one of […]
8
Enabling Web 3.0 Through Layer 2 Blockchain Framework »
maxbit.cc – Today
[…] Much of the crypto universe is built on Ethereum, including most of DeFi […]
1
Planet Vrilock Psionics and Magick Podcast – Psionics Space Hurricanes And Vrilock Crypto Empires | Free Listening on Podbean App
Herr Doktor von Vrilock in his indisputable and divine wisdom hath decided the fates of the planet! We’re talking macro-constructs, mega thoughtforms, space cyclones, and a heralding to the Crypto Empire!
0
Tesla for Crypto
Do you want to buy a Tesla for ₿ Bitcoin? Hold on. We have a better offer. Win a Tesla Model Y with your crypto. Every $1,000 in Multi HODL, Turbocharge or Classic loan gets you 1 ticket for the drawing.
N/A
Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions
aitrades.com – Today
[…] Cointelegraph spoke with Josh Lawler, partner at Zuber Lawler — a law firm with expertise in crypto and blockchain technology […] ” That said, Byun believes that whether it’s Bitcoin, Ether (ETH) or Tether, crypto investors generally understand that investing in crypto remains a high-risk activity and that they “must practice caveat emptor” at all times […]
0
Intel Rocket Lake Desktop CPU & NVIDIA GeForce RTX 30 Mobility GPU Powered Laptops From Chinese Manufacturer, Hasee, Detailed With Pricing
wccftech.com – Today
[…] Ti Rumored To Get 12 GB GDDR6X Memory Rated at 19 Gbps, Will Feature Hash Rate Limiter To Counter Crypto Miners Coming to the specifications, the Hasee laptops include the TX8 and TX9 series, both o […]
N/A
Enabling Web 3.0 Through Layer 2 Blockchain Framework »
earnbtc.cc – Today
[…] Much of the crypto universe is built on Ethereum, including most of DeFi […]
1
Bigmac Program: Call for Real-World Markets | by MonteCarlo DEX | Mar, 2021
mcdex.medium.com – Today
[…] assets (or anything at all) on MCDEX V3! Market Categories — Bring real-world markets to the crypto wonderland! Physical: -Precious metals: gold, silver, copper, platinum… -Agriculture: corn, wheat […]
0
Bison Trails launches staking and node services for Cosmos | Crypto Coin Growth
cryptocoingrowth.com – Today
Blockchain infrastructure firm BisonTrails has launched support for the Cosmos ecosystem, allowing its clients to stake and run nodes for blockchain ecosystem C…
1
Tim Sykes Trading Mastery
timsykesmarketmastery.com – Today
[…] Now we’re seeing 2021 play out the same way…Bitcoin and crypto stocks have hit all-time highs…Weed stocks have been on the rise…… and right now, you have a unique […] STRATEGY #1: Buying hot sectors… for example: weed, crypto, electric vehicle stocks… if it’s a hot sector we’re looking to buy it […]
N/A
Goldman Sachs’ Bitcoin trading desk returns
aibc.world – Today
[…] Former Goldman Sachs CEO, Lloyd Blankfein, had previously warned regulators about the crypto, stating: If I were a regulator, I would be kind of hyperventilating at the success of it at th […] of Bitcoin has helped it enter the mainstream with a number of sectors opening up, ranging from crypto services to companies opting to hold bitcoin on their balance sheets […]
1
BitForex – BitForex Ambassador Program�� The blockchain… | Facebook
[…] com #BitForex #blockchain #defi #btc #crypto #cryptocurrency #cryptonews #Bitcoin #earn #money #trader #traders #cryptolife #tradingtip […]

Bitcoin Isn’t Down Because of China, It’s Down Because You Don’t Need It

Crypto markets are not reeling this week because China is “cracking down on Blockchain.” Tokens have been getting slammed since the summer because most of them are unnecessary, and because the need for coins that may offer some utility is not as imminent as buyers thought it would be. This is most obvious with King Crypto, bitcoin, whose purported use-case as a store of value is not looking very compelling.

The risk-reward in bitcoin has always been an extreme one, which is why its biggest proponents/salespeople assigned astronomic price targets to it. Widespread adoption is an extremely low-probability event with an enormous payoff if the stars align. And let’s be clear: the things that need to happen for the world to turn to bitcoin – complete central bank impotence, widespread currency debasement, falling equity markets and the abandonment of traditional gold – means betting on bitcoin is essentially betting against the house. Hence the “short bankers, long bitcoin” meme. To say bitcoin will offer a 100x return yet also say it’s a highly probabilistic event is inherently contradictory and hugely dishonest.

The market is now realizing this. As the global economic slowdown of the last nine months shows signs of stabilization and the Federal Reserve sees no need for more interest-rate cuts, the case for bitcoin is taking body blows. None of the stories about adoption are turning out, big tech giants from Facebook to Google are doing everything possible to dominate electronic pay and finance, and projects designed to make bitcoin a means of exchange are either slow, fruitless, or both.

In short, the house does not look like it’s in a losing position just yet. And so bitcoin is getting killed. Sure, the U.S. and China could have a major fallout, get into a currency war, and Chinese citizens could rush to crypto as a way to get money out of the system. That’s why bitcoin will never be worthless, and why every investor should watch its price action, but that scenario is looking way, way further away from reality than the cryptoknights had so many believe.

Today In: Money

Bitcoin’s violent moves are a factor of the speculative nature described above. Because its probability of success is low, it is closer to a roulette wheel than any traditional asset class. Average people were lured into the bitcoin sales pitch in 2017 when the economy was tearing hot, cash flow was heavy, stocks were churning out huge gains, and people could afford to take a gamble. Why not roll the dice?

Now those buyers are losing faith in their chances of winning, and are using this year’s rally to get out. As the fundamental reason for owning bitcoin as a store of value also loses luster amid a stabilizing economic situation, the true believers may start bailing out too. If it continues, it should be a warning sign to more traditional investors who made a similar bet in gold, and maybe even those who ran to Treasury bonds as a hedge against chaos, too.

I am the Lead Anchor at TD Ameritrade Network, and the host of Morning Trade Live and Market On Close. I co-anchored Bloomberg BusinessWeek on TV and contributed to Bloomberg Markets and What’d You Miss while I was with Bloomberg beginning in June 2014. I also covered U.S. stocks and equity derivatives for Bloomberg News. Prior to that, I was a reporter at The Bond Buyer, primarily covering the sell side of the municipal bond industry, writing stories about bond insurers, underwriters, ratings services, bond counsel and general market trends. Early in my career I covered metropolitan news for the New York Post. I have a bachelor’s degree in materials science and engineering from Cornell University.

Source: Bitcoin Isn’t Down Because of China, It’s Down Because You Don’t Need It

3.38K subscribers
Blockchain is currently not suitable for large communities as it’s not scalable. In this video, the CVO of Dagcoin, Kris Ress, explains why the technology behind Dagcoin is perfect for small, big and very big communities. See more from the video!

Forget China—Is This The Real Reason Bitcoin, Ethereum, Litecoin, And Ripple’s XRP Bounced?

Bitcoin has swung wildly this week, as many had expected it to, with it losing $1,000 per bitcoin a few days ago before suddenly shooting back up earlier today.

The bitcoin price is now at over $9,000 per bitcoin after dropping to lows of almost $7,000 on Thursday–and heading fast towards the psychological $10,000 mark, according to the latest prices from Luxembourg-based exchange Bitstamp.

Elsewhere, other major cryptocurrencies ethereum, litecoin, Ripple’s XRP, and bitcoin cash rallied between 7% and 23%, adding billions to the value of the combined cryptocurrency market.

Many bitcoin and cryptocurrency market analysts pointed to comments made by China’s president President Xi Jinping that the country should “seize the opportunity” of bitcoin’s blockchain technology as the reason behind bitcoin’s rally.

China banned bitcoin and cryptocurrency exchanges in 2017 and some took Xi’s blockchain comments as a sign the country could ease bitcoin and crypto restrictions.

Today In: Money

“We must take the blockchain as an important breakthrough for independent innovation of core technologies,” Xi reportedly said, speaking at the 18th collective study of the Political Bureau of the Central Committee in Beijing.

“[We must] clarify the main direction, increase investment, focus on a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.”

However, Xi’s comments, which referred only to blockchain technology and not to bitcoin and cryptocurrencies, might not have been the driver behind bitcoin’s recovery.

Following bitcoin’s sudden drop earlier this week, bitcoin and crypto investors feared the worst wasn’t over the for the market.

Facebook’s chief executive Mark Zuckerberg was savaged by U.S. senators over his plans for a bitcoin rival dubbed libra and crypto investors are fretting there could be a global crackdown on bitcoin and other digital tokens.

Elsewhere, technical data pointed to a so-called “death cross” for bitcoin, while the Fear & Greed Index slumped and a Twitter reading of investor temperature was poor.

This sentiment slump meant investors bet against the bitcoin price, predicting it would move lower.

When the bitcoin price recovered a couple of hundred dollars per bitcoin in just a few minutes, some $150 million worth of short positions on the Seychelles-based BitMEX crypto exchange were liquidated, according to bitcoin and cryptocurrency analytics provider Skew.

This triggered what’s known as a “short squeeze,” where an asset rapidly increases in value due to short sellers trying to cover their positions, resulting in buying volume that drives the price up.

Follow me on Twitter.

I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com. Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.

Source: Forget China—Is This The Real Reason Bitcoin, Ethereum, Litecoin, And Ripple’s XRP Bounced?

12K subscribers
Why do you think Bitcoin dumped over the weekend? Leave a comment below and share your reasoning! ———————————————————————————————————- ⚡Connect With Me! Blog Posts/Updates/Insights/Thoughts: https://goo.gl/ngBDjd Updates Of Coins Ready To Break Out: https://goo.gl/3ZfehK Public Telegram Group: https://t.me/bullandbearcrypto Twitter.com: http://twitter.com/_bullandbear ———————————————————————————————————- ⚡Support The Channel SUPPORT From As Little As $1 & Get EXCLUSIVE EXTRA’S Patreon: http://patreon.com/bullandbear DONATE BTC – 1BFEFPG6ngis1J8WcoSp72jPAxqsNtmPJ3 ETH – 0x24C9b9555DD741CD39A004b758eC691A0e6Ea0bD LTC – LQnpKsvANZZe9ZoX6eMQpejxgogQs1kGpA DASH – Xi1Z2wVeCRGRtX4PvLUs4C8oVo1c7b22yr SECURE YOUR CRYPTO OFFLINE – Ledger Wallet: Grab A Ledger Hardware Wallet: https://www.ledgerwallet.com/r/df82 JOIN COINBASE – Buy Bitcoin, Ethereum, & Litecoin Buy Bitcoin & Get $10usd FREE by joining COINBASE https://www.coinbase.com/join/54cb9ac… JOIN BINANCE – Buy Your Altcoins Looking to trade altcoins? I recommend BINANCE https://www.binance.com/register.html… JOIN KUCOIN – Get Up And Coming Coins Before They List On Big Exchanges https://www.kucoin.com/#/?r=1g62w TRADING VIEW Want to look at the charts and do technical analysis. I reommend TRADING VIEW http://tradingview.go2cloud.org/aff_c… ———————————————————————————————————- ⚡Disclaimer: Read the Bull & Bear Financial Disclaimer Here: http://www.bullandbearcrypto.com/disc…

 

MiningWe The Potential Crypto Mining Leader in Worldwide Financial Market

2.jpg

MININGWE Bitcoin Cloud Mining is currently a leader in the cloud mining industry. As part of Bitmain Technology LTD. behind the MININGWE project is able to share with clients very reasonably prices with a small maintenance fee. Many big funds companies say MININGWE Bitcoin Cloud Mining is the future of all platforms in the cloud mining industry.

MININGWE Bitcoin Cloud Mining Service provider enables anyone to participate in the crypto economy. We firmly believe cryptocurrencies are the foundation for innovation, capable of reshaping our understanding of what currencies are, and how they are stored and transferred between individuals and businesses.

Our goal is to contribute to the advancement of the mining space and enable anyone to access mining operations to generate Crypto, including a secure digital wallet with a variety of exciting functions. Currently, mining needs intensive investments and a high level of technical understanding of mining hardware deployment and maintenance. We’re changing this. With our cloud mining service, it only takes a few simple steps to start bitcoin mining.

And that with minimum investment, minimal risk, and no technical knowledge needed. MININGWE (Bitmain) expert tech team has decades of experience in developing and operating large scale data centers. As a result, they’ve been able to keep uptime at 99% since our launch. Our high standards of security guarantees the full safety of your investment.

1.jpg

Crypto space can be complex and unpredictable. It’s directly linked with the Bitcoin exchange rate, technological and community risks, and mining difficulties. And of course this makes it difficult to determine what exact amount you will make mining.. But it is obvious that being part of a community building such an elegant piece of disruptive technology, bound to become more stable and robust, is very exciting.

Our company offers real incomes from 3% to 4% per day. The funds of our investors are reinvested by our team in the Financial Market, where we guarantee the payment to all investors with total security and responsibility, which are fundamental to our success over the years.

3
With state-of-the-art technology and a fully responsive website, you can access MININGWE by Computer, Tablet and Mobile from anywhere in the world. MININGWE offers an excellent Referral Commission and Multi-Level Marketing System, which pays commissions of levels (15%).

4.jpg

Source: https://miningwe.com/

‘Extreme’ Bitcoin Warning Spooks Crypto Market

Bitcoin and cryptocurrency traders and investors are nervously watching prices after market sentiment appeared to take a turn for a worse, dropping to its lowest level since December 2018.

The bitcoin price has been hovering around $10,000 per bitcoin for a few weeks, with many hoping bitcoin was becoming a safe haven from turbulent markets.

Bitcoin and crypto investors are worried, however, with the Crypto Fear and Greed Index showing “extreme fear,” and earlier this week dropping to a 244-day low last seen when bitcoin crashed to around $3,000.

The fear index hit an all-time high in late June as excitement around Facebook’s plans for its bitcoin rival reached fever pitch but has since dived as regulators signal their dissatisfaction with the social media giant.

“The current regulatory roadblock on Facebook’s plans for its digital token has dimmed down investor sentiment for cryptocurrencies,” said Christel Quek, chief commercial officer at Bolt Global, a cryptocurrency wallet provider and entertainment company.

The fear index is currently showing a reading of 20, but earlier this week dropped as low as 11 after falling sharply throughout August.

Since the index hit its year-to-date lows, the bitcoin price has fallen a further 2%, while the overall cryptocurrency market has seen more than $30 billion wiped from it over the last week.

Meanwhile, the bitcoin price dropped below the psychological $10,000 per bitcoin mark this week, further worrying traders and investors.

Some in the bitcoin and cryptocurrency industry pointed out the wider cryptocurrency market has declined along with the bitcoin price.

“Bitcoin and major cryptocurrencies including litecoin, ethereum and Ripple’s XRP have declined [this week], weighed down by concerns of a slowing economy,” Quek added.

The fear index, created by website and software comparison company Alternative.me, calculates the index’s value daily on a scale of 0 to 100 using volatility, market volume, social media, survey, dominance, and trends. Zero means “extreme fear,” while 100 means “extreme greed.”

Follow me on Twitter.

I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com. Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.

Source: ‘Extreme’ Bitcoin Warning Spooks Crypto Market

%d bloggers like this: