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Reddit Roundup – June 2020

This contains 50 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other one as well such as r/BitcoinMining.

The post Reddit Roundup – June 2020 appeared first on Bitcoin Magazine.

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Ladies and gentlemen, we bring you the first ever edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine!

This contains 50 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other one as well such as r/BitcoinMining.

In this roundup there are 10 different categories each link falls under, and the categories are: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents), and last but not least Memes, Fun, And Other. 

Big shoutout to Sam Wouter, creator of BitcoinSnippets. From October 2016 to October 2019, he was creating these monthly link summaries to help everyone keep up to date with Bitcoin. He’s kept adding to his plate and has less time to put these together, so we decided to pick up the torch where he left off.


While the price was absolutely stagnant this month, the Bitcoin builders have been moving faster than ever.

It reminds me of the quote by Bill Gates who said “most people overestimate what they can do in a year and underestimate what they can do in ten years”. In real-time, things can seem slow, but over time they happening extraordinarily fast.

Two of our favorite highlights from this month were seeing over $300,000 in bitcoin grants being raised to support open source development and seeing bitcoin out-perform the price of gold by 100% so far this year.

We also had protagonists from the antiquated financial system flip flop and bend the knee to Bitcoin. Shark Tank billionaire Mark Cuban has been very vocal on Twitter about his disinterest in Bitcoin, then decided to backtrack. Now he’s recommending people to “put 10% of their money into Bitcoin”. How ironic considering all the hate he’s given Bitcoin in the past.

Also, it was revealed this month that US president Donald Trump has ordered Steve Mnuchin to “go after Bitcoin” to try and destroy or stop it in any way possible. Unfortunately for orange man, orange coin has an impenetrable defense of nodes and miners all around the globe, outside of the reach of the US government. 

So without any further ado, here is the round up for this past month, enjoy!

A Recap of Bitcoin In June 2020

Privacy

BlueWallet bringing cash and p2p buys with no-KYC to all its users : Bitcoin (6/23) 

Privacy-o-meter — a free tool to assess the privacy level of your BTC transactions.   (6/25)

Privacy-o-meter is the first step to defend yourself against heuristics blockchain surveillance companies use. : BitcoinMining (6/25)

Wasabi Wallet Donates 1 BTC to Defend Privacy in Bitcoin – Bitcoin (6/28)

Adoption

An increasing number of people trust Bitcoin over big banks, says survey : Bitcoin (6/15)

Portuguese kids aged 6-7 learning about Bitcoin in public education system : Bitcoin (6/17)

Bitcoin is > 80% of the worldwide search interest – Cryptocurrency World Map : Bitcoin (6/15)

Singapore ride-sharing app lets customers pay with Bitcoin. : Bitcoin (6/18)

Land Rover celebrated 50 years, and in a memorial video he also mentions the creation of BTC network : Bitcoin (6/19)

The Perfect Time to Buy Bitcoin is Always Now : Bitcoin (6/20)

The PayPal and Venmo news, broken down and analyzed. It’s bigger than you think 👀 : Bitcoin (6/23)

Venezuela government is officially taking bitcoin as payment for passports. : Bitcoin (6/24)

Last week 511 BTC were traded in Venezuela using LocalBitcoin (up from 475 BTC), buying BTC with FIAT and selling BTC for FIAT. 511 BTC are 959,197,000,000 Bs. (Bolivares). One BTC is around 1,970,000,000 Bs. Monthly minimum wage is 5 USD (50,000 satoshis) : Bitcoin (6/24)

The Australian Postal Service is Starting to Adopt Bitcoin, and Why This Matters : Bitcoin (6/29)

Development

Who Funds Bitcoin Development? BitMEX Research 28 Mar 2020 : Bitcoin (6/17)

Less than 20% of BTC is actively traded. Bitcoin isn’t a short-term “get rich quick” play, it’s a long-term “protect your wealth” play. : Bitcoin (6/19)

Number of Bitcoin ‘Whales’ Has Risen by 2% Since Halving – CoinDesk : BitcoinMining (6/20)

Bitcoin Wallet Tracker v0.1.4 is released: Improved mempool tracking, out-of-the-box pruning support, and more! : Bitcoin (6/22)

Bybit Launches Fiat Onramp as Bitcoin Institutional Interest Skyrockets : Bitcoin (6/23)

Fun with Bitcoin: LightningNode roundtable: Hack Sprint Edition : Bitcoin (6/25)

Kraken Announces Largest-Ever Grant to BTCPay Server : Bitcoin (6/25)

Security

Look how silly this seems now compared to Bitcoin’s security : Bitcoin (6/16)

Mining

Bitcoin mining pushing technology to physical limits : Bitcoin (6/17)

Bitcoin Mining Difficulty Posts Biggest Jump In 29 Months : BitcoinMining (6/17)

Bitcoin Mining Explained : BitcoinMining (6/13)

Make sure your GPUs are ready for the summer : BitcoinMining (6/17)

China is losing its dominance over Bitcoin mining industry: report : BitcoinMining (6/11)

Business

Ledger and Nomura launch institutional-grade Bitcoin custody service : Bitcoin (6/17)

Education

Why Not Just Print More Money? : Bitcoin (6/17)

“No generation has a right to contract debts greater than can be paid off during the course of its own existence.” George Washington to James Madison 1789 : Bitcoin (6/17)

12 Reasons to Buy BTC! : Bitcoin (6/18)

The end of money as we know it … very informative documentary : Bitcoin (6/17)

Bitcoin’s price has outperformed gold by 100% this year : Bitcoin (6/24) 

South African banking on Bitcoin : Bitcoin (6/25)

Governments Can Not Kill Bitcoin, and if They Tried, It Would Only Make Bitcoin Stronger : Bitcoin (6/28)

The Key Point on Bitcoin Scarcity That Few People Understand Today : Bitcoin (6/28)

Regulation & Politics

SEC charges issuer who was offering investors a “new and improved version of bitcoin”. : Bitcoin (6/26)

Archeology (Financial Incumbents)

JP Morgan Does a Complete 180 on Bitcoin. 3 Years ago, Jamie Dimon said BTC is a fraud 🤡 : Bitcoin (6/15)

German Stock Exchange start Trading Bitcoin ETF : Bitcoin (6/18)

Trump first wanted to ‘go after Bitcoin’ in 2018, says John Bolton : Bitcoin (6/18)

Thank you Nomura, very cool! : Bitcoin (6/19)

New York Fed: Bitcoin just ‘another example of fiat money’ : Bitcoin (6/20)

Blackballed by PayPal, Scientific-Paper Pirate Sci-Hub Takes Bitcoin Donations : Bitcoin (6/22)

Andreas Antonopoulos – Obama Story [What He Said About Bitcoin] : Bitcoin (6/25)

Mark Cuban: Put 10% of your savings into bitcoin : Bitcoin (6/29) 

Memes, Fun, & Other

Kangaroo Market : Bitcoin (6/15)

🤣 : Bitcoin (6/12)

In a small town in upstate New York we give tribute to Bitcoin. We call it “Freedom Friday”. Live music, Bitcoin and freedom. : Bitcoin (6/15)

Bitcoin – The End of Money As We Know It : Bitcoin (6/22)

Rajarshi Maitra went from zero coding experience to getting his first PR merged in Bitcoin Core in two years and five months. : Bitcoin (6/24)

Bitcoin! – I don’t know. : Bitcoin (6/25)

The post Reddit Roundup – June 2020 appeared first on Bitcoin Magazine.

Source: https://bitcoinmagazine.com/articles/reddit-roundup-june-2020?utm_source=rss&utm_medium=rss&utm_campaign=reddit-roundup-june-2020

Blockchain

Price of XRP Increases By 17% Bringing Stellar To A New Peak

XRP Stellar

Rate this post On a typically lazy Sunday, XRP and Stellar are performing impressively. The price of Stellar and XRP are continuously increasing. In the last 24 hours, XRP has increased by 17% to $1.6, its highest price since Monday, and Stellar has risen 18% to $0.7, its highest price ever. The XRP and Stellar Connection Considerably, these two coins are related as Jed McCaleb worked on these two coins. McCaleb was one of the creators of the Ripple protocol, which runs on the XRP cryptocurrency. To focus more on Stellar (XLM), he left Ripple in 2013. Stellar’s payments network is quick, inexpensive, and easy to use, similar to Ripple.  XRP is a cryptocurrency based on Ripple’s market capitalization is $57 billion, while the market capitalization of Stellar is $18 billion. Comparatively, Stellar has performed much better than Ripple in the past few weeks. It has increased by 31.9% in the last seven days, while XRP has only increased by 4%. Elon Musk’s economic tweets, in which he slammed Bitcoin as unfriendly to the world, contributed to both companies’ growth. Musk depressed the price of Bitcoin from the mid-$50,000s to $49,000 in a single tweet this week. Why Does Bitcoin Consume Too Much Energy? Both Stellar and XRP use less energy as compared to Bitcoin; to authenticate users, they depend on a small number of blockchains, whereas Bitcoin relies on a large network of power-hungry computers. Other, less environmentally harmful coins have risen in popularity as a result of Musk’s withdrawal of Bitcoin. Hedera Hashgraph has increased by 16.37% to $0.36, Solana has increased by 15% to $47, Cardano has increased by 10% to $2.39, and Algorand has increased by 8% to $1.53. The majority of the above are based on proof-of-stake, a consensus algorithm that allows those who own the most coins to validate transactions.

The post Price of XRP Increases By 17% Bringing Stellar To A New Peak appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

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Table of Contents

Rate this post

On a typically lazy Sunday, XRP and Stellar are performing impressively. The price of Stellar and XRP are continuously increasing. In the last 24 hours, XRP has increased by 17% to $1.6, its highest price since Monday, and Stellar has risen 18% to $0.7, its highest price ever.

The XRP and Stellar Connection

Considerably, these two coins are related as Jed McCaleb worked on these two coins. McCaleb was one of the creators of the Ripple protocol, which runs on the XRP cryptocurrency. To focus more on Stellar (XLM), he left Ripple in 2013. Stellar’s payments network is quick, inexpensive, and easy to use, similar to Ripple. 

XRP is a cryptocurrency based on Ripple’s market capitalization is $57 billion, while the market capitalization of Stellar is $18 billion.

Comparatively, Stellar has performed much better than Ripple in the past few weeks. It has increased by 31.9% in the last seven days, while XRP has only increased by 4%.

Elon Musk’s economic tweets, in which he slammed Bitcoin as unfriendly to the world, contributed to both companies’ growth. Musk depressed the price of Bitcoin from the mid-$50,000s to $49,000 in a single tweet this week.

Why Does Bitcoin Consume Too Much Energy?

Both Stellar and XRP use less energy as compared to Bitcoin; to authenticate users, they depend on a small number of blockchains, whereas Bitcoin relies on a large network of power-hungry computers.

Other, less environmentally harmful coins have risen in popularity as a result of Musk’s withdrawal of Bitcoin. Hedera Hashgraph has increased by 16.37% to $0.36, Solana has increased by 15% to $47, Cardano has increased by 10% to $2.39, and Algorand has increased by 8% to $1.53.

The majority of the above are based on proof-of-stake, a consensus algorithm that allows those who own the most coins to validate transactions.

READ  YFI Technical Analysis: Price Fell Below Support Levels of $74,238 and $72,420.73

#Altcoins #Bitcoin #Elon Musk #Ripple (XRP) #Stellar (XLM)

Source: https://www.cryptoknowmics.com/news/the-price-of-xrp-has-increased-by-17-bringing-stellar-to-a-new-peak/

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Binance Coin, XRP, Dogecoin Price Analysis: 16 May

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Binance Coin headed south towards $500-$510 support – a region bolstered by the 50-SMA (yellow). XRP jumped by 16% on strong volumes but its technicals were yet to reflect a strengthening bullish trend. Finally, Dogecoin could see further dips before a rise above $0.569-resistance.

Binance Coin [BNB]

Source: BNB/USD, TradingView

On the 1-day chart, Binance Coin slipped below $600 and its 20-SMA (blue) and headed towards $500-$510 support – an area that clashed with the 50-SMA (yellow). With large-cap alts trading largely in the red after bearish cues from the market leaders, BNB was no exception. Warning signals came in the form of a bearish twin peak setup on Awesome Oscillator.

Furthermore, bearish divergence on RSI indicated weakening prior to BNB’s dip. At the time of writing, RSI traded in neutral 50-territory. On the 4-hour chart, BNB moved below its 200-SMA and although traders could go long at the current price level, a further pullback towards $500 could be on the cards depending on broader market cues.

XRP

Source: XRP/USD, TradingView

XRP bashed away multiple bearish signs and jumped by 16% in the last 24 hours. Bullish sentiment may have stemmed from Ripple’s response to the SEC’s request of an informal conference to discuss all legal advice that Ripple has solicited during the past.

A series of successive green candlesticks were spotted on XRP’s daily chart and underscored buying resurgence. According to XRP’s technicals, bulls were yet to fully assert control. MACD was close to a bullish crossover, while RSI headed towards the 60-mark. A break above $1.75-resistance could spur some additional buying, while $1.31-$1.22 would provide support in case of further pullbacks.

Dogecoin [DOGE]

Source: DOGE/USD, TradingView

Even though Dogecoin was slightly bullish, the price remained below a key resistance level at $0.569. In fact, Squeeze Momentun Indicator noted weakening buying pressure and it seemed unlikely that $0.569 would be toppled over the coming days – barring any social media anomalies. Support marks stood at $0.37 and $0.44.

MACD line remained below the Signal line- underlining recent woes for DOGE. On the lower timeframe, a degree of equilibrium was noted between the buyers and sellers. If this continued over the coming hours, some consolidation can be expected before the next upswing.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/binance-coin-xrp-dogecoin-price-analysis-16-may

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Facebook’s Diem Unveils Its Latest Stablecoin Plans and Strategic Move to the United States

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Diem, the cryptocurrency project headed by Facebook originally known as Libra, recently announced its plans to launch a stablecoin with its focus scaled back to the United States. 

The company stated earlier this year that it would be relocating its primary operations from Switzerland back to the United States, and would withdraw its payment system license application from Switzerland’s financial regulators. “Diem is simplifying its plans for [its] USD stablecoin issuance by shifting its main operations from Switzerland to the United States,” they said.

This decision was later confirmed by the Swiss Financial Market Supervisory Authority. 

Stablecoins are digital currencies pegged to a fiat currency, with Tether (USDT) and USD Coin (USDC) being two prominent examples. California-based Silvergate Bank will become the sole issuer of the Diem USD, while also managing its dollar reserves. 

Diem to Launch Wholly New Subsidiary Diem Networks US Alongside Crypto Bank Silvergate

In a strategic partnership, the two firms have created a new subsidiary called Diem Networks US — which will run the Diem Payment Network (DPN) to facilitate transactions of Diem stablecoins within its network. 

“Silvergate is a leader in financial innovation and an ideal partner for Diem as we move forward with a blockchain-based payment system that protects consumers and enhances the integrity of the financial system,” said Stuart Levey, chief executive officer of Diem.

“We are committed to a payment system that is safe for consumers and businesses, makes payments faster and cheaper, and takes advantage of blockchain technology to bring the benefits of the financial system to more people around the world. We look forward to working with Silvergate to realize this shared vision.” 

Diem’s strategic shift to the United States comes at a time of a rapidly evolving regulatory environment for cryptocurrencies and blockchain technology. 

Some municipalities and states such as Miami and Wisconsin have embraced the recent innovation, whereas regulators such as the newly-appointed SEC Chair Gary Gensler have critiqued the autonomy of the crypto industry. 

With crypto ETFs and related financial products under intense scrutiny by the SEC, it remains to be seen whether Diem’s decision to relocate back to the United States will bear any fruit.

Featured image from ShutterStock

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/facebooks-diem-unveils-its-latest-stablecoin-plans-and-strategic-move-to-the-united-states/?utm_source=rss&utm_medium=rss&utm_campaign=facebooks-diem-unveils-its-latest-stablecoin-plans-and-strategic-move-to-the-united-states

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