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How To Resist CBDCs5 Ways You Can Opt Out of This Dystopian Future

How To Resist CBDCs—5 Ways You Can Opt Out of This Dystopian Future

by Nick Giambruno, contributor, International Man Communique


How To Resist CBDCs—5 Ways You Can Opt Out of This Dystopian Future


There's an excellent chance governments worldwide will soon force their citizens to use central bank digital currencies (CBDCs).

CBDCs enable all sorts of horrible, totalitarian things. They allow governments to track and control every penny you earn, save, and spend. They are a powerful tool for politicians to confiscate and redistribute wealth as they see fit.

CBDCs will make it possible for central banks to impose deeply negative interest rates, which are really just a euphemism for a tax on saving money. Governments could program CBDCs to have an expiration date—like some airline frequent flyer miles—forcing people to spend them, for example, before the end of the month when they’d become worthless.

CBDCs will enable devious social engineering by allowing governments to punish and reward people in ways they previously couldn't. Suppose governments impose lockdowns again for flu season, so-called "climate change," or whatever pretext they find convenient. CBDCs could be programmed to only work in a geographic area. For example, your payments could be denied if you travel more than a mile from your home during a lockdown.

Suppose the people in charge want to encourage people to take a pharmaceutical product. With CBDCs, they could easily deposit money into the accounts of those who complied and deduct it from those who didn't.

Undoubtedly, CBDCs will be paired with a sort of social credit system. Such a system is already in place in China today. In the West, it’s likely to come in a different flavor. Perhaps CBDCs will be paired with an ESG score.

Did you commit a thought crime on social media? Or perhaps you read too many politically incorrect articles online? Did you exceed your monthly meat consumption allowance? Then expect some financial punishment thanks to the CBDCs.

CBDCs are, without a doubt, an instrument of enslavement. They represent a quantum leap backward in human freedom. Unfortunately, they’re coming soon.

Governments will probably mandate CBDCs as a "solution" when the next real or contrived crisis hits—which is likely not far off. That’s the bad news.


The Good News Is That CBDCs Are Destined To Fail

Despite all the hype, CBDCs are nothing but the same fiat currency scam on steroids. It’s doubtful CBDCs can save otherwise fundamentally unsound currencies—as I believe all fiat currencies are. If the current fiat system is not viable, then CBDCs are even less viable as they enable the government to engage in even more currency debasement.

Would a CBDC have saved the Zimbabwe dollar, the Venezuelan bolivar, the Argentine peso, or the Lebanese lira? I don’t think so. And a CBDC won’t save the US dollar or the euro either. But that doesn't mean governments won't try implementing CBDCs… with immensely destructive consequences for many people.

While I believe CBDCs will inevitably self-destruct, nobody knows how long it will take for that to happen. Communism was also destined to self-destruct, but it took generations. I don’t think it will take nearly that long for CBDCs to fail, but that’s just my guess. Therefore, the big question everyone should be asking is this… 

What Will You Do When The Government Forces Everyone To Use CBDCs?

I believe it's incumbent on free individuals to reject CBDCs. It will be challenging, but the reward—maintaining your sovereignty—will be priceless. Below are five ways you can do just that.

It’s important to remember the wise words of Ron Paul:

"What none of them (politicians) will admit is that the market is more powerful than the central banks and all the economic planners put together. Although it may take time, the market always wins."

No matter what edicts, decrees, or laws that politicians pass, they will never be able to fully extinguish the desire of people to use alternatives to CBDCs. That cracks the door open to other options.

For example, consider that Venezuela, Zimbabwe, Argentina, Lebanon, and many other countries restrict the use of US dollars today. However, all that does is create a thriving black market—or, more accurately, a free market—for US dollars and a parallel financial system.

We can expect the same kind of dynamic if governments impose CBDCs. I have no doubt significant parallel systems and underground markets will naturally emerge. Anyone who wants to avoid CBDC enslavement must learn to swim in those waters. Below are five steps anyone can take to opt-out of this dystopia.


Step #1: Use Physical Gold and Silver

Avoiding CBDCs means using alternative forms of money. Although people use money every day, few consider what it actually is or what makes for good money. Asking people, "what is money?" is like asking a fish, "what is water?" The fish probably doesn’t even notice the water unless it becomes polluted or something is wrong.

Money is a good, just like any other in an economy. And it isn’t a complex notion to grasp. It doesn’t require you to understand convoluted math formulas and complicated theories—as the gatekeepers in academia, media, and government mislead many folks into believing.

Understanding money is intuitive and straightforward. Money is simply something useful for storing and exchanging value. That’s it. Think of money as a claim on human time. It’s like stored life or energy.

Unfortunately, today most of humanity thoughtlessly accepts whatever their government gives them as money. However, money does not need to come from the government. That’s a total misnomer that the average person has been hoodwinked into believing.

It would be similar to transporting yourself back in time and asking the average person in the Soviet Union, "Where do shoes come from?" They would say, "Well, the government makes the shoes. Where else could they come from? Who else could make the shoes?"

It’s the same mentality here regarding money today—except it’s much more widespread. The truth is money doesn’t need to come from the government any more than shoes do. People have used stones, glass beads, salt, cattle, seashells, gold, silver, and other commodities as money at different times. However, for over 2,500 years, gold has been mankind’s most enduring form of money.

Gold didn’t become money by accident or because some politicians decreed it. Instead, it became money because countless individuals throughout history and across many different civilizations subjectively came to the same conclusion: gold is money. It resulted from a market process of people looking for the best way to store and exchange value.

So, why did they go to gold? What makes gold attractive as money? Here’s why.

Gold has a set of unique characteristics that make it suitable as money. Gold is durable, divisible, consistent, convenient, scarce, and most importantly, the "hardest" of all physical commodities. In other words, gold is "hard to produce" relative to existing stockpiles and is the one physical commodity most resistant to inflation of its supply. That's what gives gold its monetary properties.

Anyone can opt-out of CBDCs by using physical gold and silver to store and exchange value. Physical gold is optimal for long-term savings and large transactions. The best way to do that is with widely recognized gold bullion coins, like the Canadian Gold Maple Leaf or the American Gold Eagle. However, gold coins are generally inconvenient to use for small transactions. Silver coins are more practical here.


Step #2: Obtain Financial Sovereignty With Bitcoin

CBDCs and Bitcoin share some characteristics. For example, they are both digital and facilitate fast payments from a mobile phone. But that is where the similarities end. The reality is that CBDCs and Bitcoin are entirely different in the most fundamental ways.

You need the government’s permission and blessing to use a CBDC, whereas Bitcoin is permissionless. Governments can (and will) create as many CBDC currency units as they want. With Bitcoin, there can never be more than 21 million, and there is nothing anyone can do to inflate the supply more than the predetermined amount in the protocol.

CBDCs are centralized. Bitcoin is decentralized. Governments can censor transactions and freeze and confiscate CBDC units. Bitcoin is censorship-resistant. No country's laws can affect the protocol.

There is no privacy with CBDCs. However, if you take specific steps with Bitcoin, it is possible to maintain reasonable privacy.

CBDCs are government money that is easy to produce and give politicians a terrifying amount of control over people’s lives. On the other hand, Bitcoin is non-state hard money that helps liberate individuals from government control.

Bitcoin enables anyone to be their own bank. Bitcoin allows you to send and receive value from anyone anywhere without relying on third parties.

If you avoid CBDCs, that will almost certainly mean avoiding the traditional financial system. Knowing how to use Bitcoin in the most sovereign way possible will be essential.


Step #3: Get Organized Locally

Get to know the people in your local community. If you avoid CBDCs, many of the conveniences of society will become unavailable. You will probably be unable to shop at Walmart and large stores of any kind, as they will all be roped into the CBDC system.

You will have to become self-sufficient and rely on your local community to obtain what you need. And that starts with knowing who can provide you with the things you want and need.

The Amish are incredibly successful in this regard. I am not saying you must go 100% Amish to avoid CBDCs. But we can learn how their societies work outside the traditional system and emulate the areas that make sense in our local communities.


Step #4: Exchange Value for Value

Humans invented money to solve the difficulties of barter. But with CBDCs, governments will have perverted money from a technology that facilities economic exchange into a tool of enslavement. With CBDCs, barter doesn’t look all that bad.

The key is understanding what value you can provide to others in your local community and how you can exchange that for something you want. That might mean performing some landscaping work for your dentist in exchange for getting a cavity filled or washing the car of your butcher in exchange for some ground beef.


Step #5: Become a Prepper

To minimize the inconvenience of barter, it's ideal to become as self-sufficient in as many areas as possible. That includes stockpiling supplies and gaining survival knowledge and skills. If you already have what you need—or can produce it yourself—that reduces the need to get it from others.



Unfortunately, CBDCs—and all the terrible things that go along with them—are probably coming soon. To summarize, here are five steps anyone can take to opt out of this terrible system.

Step #1: Use Physical Gold and Silver

Step #2: Obtain Financial Sovereignty With Bitcoin

Step #3: Get Organized Locally

Step #4: Exchange Value for Value

Step #5: Become a Prepper


Here’s the bottom line.

We're on the cusp of the most significant changes in money and finance in world history… Yet few people are aware of what is really happening with CBDCs.


New Opportunities Are Emerging For Citizens of The World.

Freedom and democracy may appear to be struggling to stay alive in America, but there may be a knock-out punch ready to be released. The evolution of the blockchain-enabled metaverse is going to enable the 'Citizens of the World' to gain their own Freedom by democratizing power and creating a new world with new rules, new players, and new opportunities. For 99.99% of us, the metaverse will improve our real-world lives by democratizing power and opportunity.

Along with the major long-term trend of society towards decentralization and smaller-scale organizations, there are new opportunities developing to help 'Preparers' in the cryptocurrency sector. Businesses are beginning to issue their own Crypto Coins that can be traded on Cryptocoin Exchanges.

Markethive.com will release its HiveCoin (HIV) in the coming weeks. It has tremendous upside potential that is outlined in a Video by Founder Tom Prendergast, "Entrepreneur Advantage…".

Not only that, if you go to their website and register as a FREE Member, you will be given 500 HiveCoins for "FREE" along with access to several Earning Opportunities and online tools to increase your HiveCoin balance.

Be sure to check it out today – Markethive.com


Tim Moseley

Bitcoin price has hit bottom -coldest days of Crypto Winter are over Ran Neuner and Steven Sidley

Bitcoin price has hit bottom –  coldest days of Crypto Winter are over – Ran Neuner and Steven Sidley

With Bitcoin’s price bottoming below $20K in June, the worst days of the Crypto Winter are over, according to Ran Neuner and Steven Sidley, who joined Kitco’s Editor-in-Chief and Lead Anchor, Michelle Makori, in a panel discussion.

“We’ve hit the crypto bottom,” said Neuner, Host of Crypto Banter, a popular crypto-themed podcast. “Crypto suffered one of the biggest liquidations we’ve ever seen. We had the LUNA ecosystem collapse, which is a $100 billion ecosystem, which caused a cascade of liquidations throughout the market.”

Sidley, Professor at the University of Johannesburg and Head of the university’s Blockchain and CryptoVerse Research Group, agreed with Neuner, albeit with a few caveats.

“There are a couple of things still staring us in the face,” cautioned Sidley, who is also a best-selling author and a Director at Bridge Capital Future Advisory. “China deciding to invade Taiwan is a possible Black Swan event. If Russia decides to step up its aggression all the way to nuclear weapons, that’s another Black Swan event… but in most respects, I agree with Ran that we’re at the end of [The Crypto Winter.]”

A Black Swan event is an unexpected occurrence that has a significant impact on markets.

Crypto Winter thawing

Neuner, who is also the Co-founder and CEO of Onchain Capital, used the 200-week moving average of Bitcoin to support his claim that the cryptocurrency would continue its upward rally. The 200-week moving average is the longest measure of Bitcoin’s upward trend. Bitcoin’s spot price has only moved below this metric three times: in 2015, in 2020, and in 2022.

“Every time [Bitcoin’s spot price hit the moving-average], it has rebounded and given investors huge returns,” said Neuner. “The times it has gone under the 200-week moving average have been Black Swan events.”

However, Neuner said that investors should watch the “macro environment,” which could impact Bitcoin’s price.

“For as long as the macro environment continues to perform, I think we’ll be okay,” he said. “The probabilities are about 50-50 as to whether the Fed will increase [rates] by 50 basis points or 75 basis points, and I think that the market has already priced those rate increases in. In terms of whether we’re at the bottom or not, I’m confident to say that we’ve probably hit the bottom in crypto, unless another Black Swan event happens… but I think we’ve had the coldest days of winter.”

Bitcoin adoption

Asset-management firm BlackRock recently announced a partnership with Coinbase to provide institutional clients with Bitcoin access. However, this seemed to have no significant impact on Bitcoin’s price.

“In a bear market, the market does not respond to good news, and we know that we’re very much that we’re currently in a bear market,” said Neuner. “We thought that the BlackRock news would move the market, and it didn’t at all.”

Sidley added, “The BlackRock announcement was very profound. This [firm has] $10 trillion in assets that they manage.”

However, he said that Bitcoin’s price did not move after the BlackRock announcement because of unfavorable regulatory developments.

“There’s a regulatory pushback,” said Sidley. “Whereas BlackRock may say, ‘we’re going to give our clients exposure to [Bitcoin],’ everybody’s now looking to the other side, which is the regulators who are trying to control it and slow this thing down.”

To find out Neuner and Sidley’s forecasts for Bitcoin’s price, watch the video above.

By Cornelius Christian

For Kitco News

Time to buy Gold and Silver on the dips


Tim Moseley

An Introduction To Cryptocurrency

An Introduction To Cryptocurrency


If you are relatively new to cryptocurrency and have been wanting to learn more and get started here is a brief quick start guide.  Let’s start with some context.

R.I.P. Fiat Money

The word FIAT derives from latin, meaning a determination by authority. Our money is controlled by the central banks and the system is broken. It has been for a long time, only now the house of cards appears to be collapsing fast. 

Last year Turkey reported that its Lira has lost approximately 40% of its value over the last two years alone, but in truth we have been in a state of hyperinflation for way beyond that time. 

Something had to give, and you know that’s true when the World Economic Forum comes out and says that it is time for a reset. They want to bring in a Central Bank Digital Currency, which basically means they will control your money, albeit in a different form. That does not solve anything.

I recall here in the UK the last recession, when we experienced a bank run after the collapse of Northern Rock bank back in 2008. People could not get access to their money. It underlined that the current banking system controls your money and can freeze your account at will. 

What’s more, the bailouts and bail-ins of the big banks are effectively funded by you! Not to mention how that this same money can also be forged easily


Source image: ginifoundation.org

What is Cryptocurrency?

It is out of the rubble and backdrop of that recession that cryptocurrency emerged in the form of bitcoin. May 22nd 2021 marked the 11th anniversary of bitcoin, and you may be aware of the famous story of two men who sold two pizzas for 10,000 bitcoin, which was next to nothing back then. 

Cryptocurrency is a form of digital cash which is secured by something called cryptography so that it cannot be duplicated. It is decentralized meaning that you own it when stored in your own private wallet. It effectively allows you to become your own bank. As it gets widespread adoption you can use it in the same way you use traditional money.

Already you can use cryptocurrency to send digital cash to friends irrespective of where they live in the world. You can trade with it. You can pay for business services with it. You can also get cash backs in the form of cryptocurrency at certain shopping outlets. The list goes on.


There are so many different cryptocurrencies arising right now. The most well known cryptocurrency is bitcoin, reportedly created by someone called Satoshi Nakamoto. Depending on who you talk to there are various interpretations as to who this person is or was – an individual, team, or maybe a covert government set up.

It has a total supply of 21 million and a current circulating supply of just over 19 million. Over 15,000 businesses accept bitcoin including paypal, microsoft, home depot and starbucks to name but a few. On the downside bitcoin is having to deal with congestion and latency problems which may reflect in its transaction fees.

Bitcoin ATMs are springing up and becoming more ubiquitous, with the USA and Canada leading the way. You can find out where they are via this map.


Source: https://coinatmradar.com

What is The Blockchain

All transactions take place on something called the blockchain. The blockchain is like a  digital ledger system which records all transactions in a way that cannot be removed or altered, making for greater transparency. There are different blockchains for different cryptocurrencies. When you perform a transaction you can check its status from start to finish on the blockchain. The blockchain is a trustless system bringing transparency to the financial world.

Become Your Own Bank

Before buying bitcoin or any other cryptocurrency it is important to grasp the concept of being your own bank. This comes with a responsibility to manage your security and privacy.

You need somewhere safe to store your bitcoin for peace of mind. When you use an exchange to buy cryptocurrency it is important not to leave it there as exchanges can be hacked.

There are various types of wallet which can be created seamlessly and quickly. They fall into two broad categories. Hot wallets and cold wallets. A hot wallet is a wallet that remains connected to the internet. 

Exodus would be a common example. Exodus is a wallet you can download to your computer and also has an inbuilt swap feature for several cryptocurrencies, which is very useful. I have this on my computer.

A cold wallet on the other hand is not connected to the internet, a bit like a flash drive. These types of wallets cannot be compromised, and I strongly recommend you buy one and store it in a fireproof safe for obvious reasons. 

The three common cold wallets are ledger, trezor and yubikey. I have the ledger nano S

The other important aspect of opening a wallet is that you will be given private keys in the form of seed words which need to be stored offline ideally in a fireproof safe. They act like unique passwords, with the important exception that if you lose them they are not recoverable like passwords are. Be warned, and store them safely on paper.

How To Buy Cryptocurrency

I will use bitcoin as an example. You can buy bitcoin at an exchange like coinbase, and coinbase also has tutorials to aid your learning. Other popular exchanges are binance and kucoin. You do need to check if the exchange operates in your country as there are variations.

You will usually need to attach bank details or a debit card in order to make a purchase, and if it is a first time, just be aware that your bank may reject the transaction, so you may need to liaise with them to prevent it repeating.

If you want to acquire bitcoin without payment or risk, you can use faucets such as cointiply to get your feet wet, so to speak without risk. This is just one of many faucets. You can also use mining sites such as nicehash but I would be cautious due to the energy it might consume in electricity given the rise in energy prices. 

There are social media sites you can join that give you cryptocurrency for engaging on their site. For example Steemit, and our own Markethive Ecosystem.

In Markethive you can pay for membership in bitcoin, and you can also acquire their own markethive coin just by engaging in the platform through various marketing activities. That could be reading someone else's blog, adding content or referring friends. They have some fun gamification like the wheel of fortune too.

These are just a few simple and safe ways you can get started with cryptocurrency that are low cost or no cost. Welcome to the cryptocurrency world.









Tim Moseley

The Z Generation And Cryptocurrency

The Z Generation And Cryptocurrency


In recent years, we have witnessed the emergence of a new generation, who are often referred to as the “Z Generation.” A generation that has only ever known a world with the Internet. They have grown up in a time of rapid technological development and have been raised with ever-increasing political, social, and economic uncertainty. 


They are connected, globally-minded, and innovative; they are a product of their time in many ways. Gen Z is very familiar with technology and has always had access to it, and they do not need to be taught or encouraged to use it. They live their lives through their devices and social media, and many have turned to cryptocurrencies as an alternative investment.

Money And Excitement From The Game. 

The young are not discouraged by the endless crashes from cryptocurrencies, and they see it as a means to accumulate wealth and an investment opportunity. 


As 20-year-old Paxton See Tow told the BBC, "All my friends were talking about cryptocurrencies, so one day I decided I could get involved too and see if I could make a living." 

All he needed was a phone, and he was only a few clicks away from thousands of dollars in cryptocurrency purchases.


Who Are Gen Z?

Generation Z is a group of people born around the mid-1990s until about 2010. So it grew up in an interconnected world at a time when the Internet was practically everywhere. They are used to playing online games and meeting friends virtually, without physical contact.

This new generation was born into a relatively peaceful time. However, a peaceful childhood is undoubtedly compensated for by the events that take place during their adolescence. Recent developments in the world are proof of this. 

The Black Lives Matter movement in America, the riots in Hong Kong, and the Fridays for Future Movement have spread around the world. All these movements were founded or strongly supported by representatives of the Z generation.

The Economist has described Generation Z as a more educated, well-behaved, stressed, and depressed generation in comparison to previous generations.

From Wikipedia:

Other proposed names for the generation include iGeneration, Homeland Generation, Net Gen, Digital Natives, Neo-Digital Natives, Pluralist Generation, Internet Generation, Centennials, and Post-Millennials.


They Are Among The Technologies At Home

The development of technology is undoubtedly an important factor that contributed to the definition of Generation Z. 

In his article Digital Natives, Digital Immigrants, Marc Prensky describes Generation Z as a digital native, and they are surrounded by technology from birth. According to Prensky (2001), the younger generation "thinks and processes information significantly differently than its predecessors."

The possibility of quick profits has always attracted young people to invest in risky assets. For Generation Z, it is the significant price fluctuations – and the decentralized nature – of digital assets that are pulling. 

Whether they are cryptocurrencies or so-called unmistakable tokens (NFT), however, no one regulates the sector, which means minimal investor protection.



The trend for young people to trade in cryptocurrencies and NFTs has intensified during the pandemic. 

"The market has gone through extreme price fluctuations. When you have such fluctuations, you have an opportunity in the market," says Lily Fang, a professor of finance at INSEAD Business School. 

"Young people stayed at home, and it became almost a game. All these factors created the perfect conditions for that."


The Thrill Of it All

But in addition to financial losses, addiction is also a great danger. Resh Chandran, a financial educator, said, “The cryptocurrency market never sleeps, so people really swallow it up.”

Andy Leach from an addiction clinic in Singapore says he has experienced an increase in addictions to the thrill of trading crypto and NFTs and confirms Chandran’s sentiments, stating, 

“You can watch the bitcoin rise and fall, the whole process, the roller coaster ride, the highs and lows – all on your phone, 24 hours a day, seven days a week.” 


Making Money As A Game

But even the stories of people who lost a lot of money on cryptocurrencies do not seem to discourage young traders. Many of them have encountered digital assets for the first time through games that allow them to obtain NFTs or cryptocurrencies and use them within the game itself or exchange them for cash.

"Every child wants to make money playing games," says a 23-year-old Malaysian businessman who is nicknamed YellowPanther. "This is the dream of my generation."

“In the Czech Republic, the number of wallets with cryptocurrencies is estimated at half a million,” says Binance marketing manager Maya Bersheva.

On the opposite side of the globe, research has shown that one in five Australians believes that crypto is the key to homeownership as confidence in traditional savings dwindles. 

A survey conducted by the Kraken Cryptocurrency Exchange found that a growing number of young Australians are depressed by traditional investment opportunities. Almost a quarter of respondents expressed concern that the value of money in traditional cash savings is declining.

A similar trend is confirmed by other research showing a change from traditional attitudes towards investment and property. More than a third of millennials view crypto assets as an increasingly valid alternative to an elusive investment property, a new survey finds.

Commissioned by cryptocurrency exchange Kraken, it found that around four million Aussies say they are likely to purchase digital currencies in the next 12 months.

The survey, which was conducted by global researcher YouGov, found 21% of Australians are readying to purchase digital tokens if they hadn’t already, including 34% of millennials and 32% of Gen Z.

According to the survey, young Russians consider cryptocurrencies a safe investment. Due to Western sanctions, which increase the pressure on Russia's economy, young Russians consider cryptocurrencies to be a reliable and profitable investment. According to a recent study on the existence of BTC, two-thirds of Russian citizens know.


New Research Shows That 40% Of Young People Want To Use Cryptocurrencies For Payments

Cryptocurrencies are rapidly gaining in attractiveness among younger groups, with 40% of consumers aged 18-35 expressing their intention to use cryptocurrencies such as bitcoin, ethereum, and stablecoins to pay for goods or services within the next 12 months.

The report, entitled "Cryptocurrency Demystification: Shedding Light on the Acceptance of Digital Currencies for Payments in 2022," was presented by global payment provider Checkout.com at the Bitcoin 2022 conference in Miami on April 6. It revealed an increasingly positive trend in accepting cryptocurrencies for online payments.

Although digital currency often pretends to be an investment for young people, they often pay the most for its volatility. The "computer generation" perceives crypto as a game that can be easily and well earned.


Thanks for reading











Tim Moseley



     What happens to bitcoin, what is the price, and why did it fall so badly, the answers are multiple but also questions are many.

Bitcoin is the world’s first decentralized cryptocurrency, a type of digital asset that uses public-public key cryptography to record, sign and send transactions over the Bitcoin blockchain all done without the oversight of a central authority. It’s the original and most valuable cryptocurrency by far, despite its huge — and normal swings in recent months, ranging in value from less than $30,000 to more than $60,000. Bitcoin has also seen a lot of new investors, with more than half of all having bought in the past year.

It is also certain that the price now at this moment when I am writing this is $28,320.50, a change of -4.30% over the past 24 hours. The recent price action in Bitcoin left the token’s market capitalization at $539,510,082,593.91 USD. So far this year, Bitcoin has a change of -37.87%. 

The leading crypto Bitcoin is struggling to fully recover after weeks of losses. Bitcoin price crashed below $26,000 in early May amid a broader market sell-off of risky assets but has risen slightly a little many are saying all is because of the struggles and crash of TerraUSD (UST), one of the largest stablecoins, which play a big role in Bitcoin’s recent crash. Stablecoins are intended to bring stability to the crypto markets and have a similar value to hold as close to the U.S. dollar as possible, but the UST dropped below 12 cents in early May and many investors on the market panicked and sold off their coins. The Terra blockchain has officially halted and UST has remained de-pegged from the U.S. dollar since May.

To return to the question posed where will the price of bitcoin go I think no one knows, we can speculate about this, but still, it is good to believe in what bitcoin means for us crypto investors and what benefits it brings to the whole planet in implementing cryptocurrency, how the money transfer is faster and safer and how they eliminate the bank fees and other problems of the Bank system.

So believe in Bitcoin and don't sell wait .

 I believed the bitcoin will come back stronger than ever,in the end, I  want to end with a quote " People give value to things "



Tim Moseley

Bitcoin Recoils

Bitcoin Recoils After Fed’s Hawkish Comments — Ether, Cardano, AVAX, Solana Brace For Weekend Dip

By Newton Gitonga – April 22, 2022

Bitcoin continued to struggle to stay afloat Friday, April 22 after suffering yet another beatdown on Thursday following hawkish comments by the Fed.

As of writing, the pioneer cryptocurrency is trading at $39,943 despite tapping $42,967 on Thursday, accounting for a 5.97% decline in the past 24 hours according to CoinMarketCap. Ethereum also took a hit, albeit losing 5.32%, and is currently trading at $2,976. Other cryptocurrencies also continued to reel under a wider market drawdown with Solana (SOL) Cardano (ADA) and Avalanche (AVAX) bearing the largest brunt among the top ten altcoins, down 8.12%, 4.87%, and 6.09% in the past 24 hours respectively.

In the past 24 hours, 70,968 traders were liquidated, the total liquidations come in at $280.12 million, according to Coinglass data.

(Click image for larger view)

The drop was also mirrored in major tech stocks, with the Nasdaq 100 (NDX) slumping 4% in the last 24 hours.

The havoc has been attributed to hawkish comments by Fed Chair Jerome Powell on Thursday stating that the plan to raise the benchmark U.S. interest rates by 50 basis points (0.5%) “will be on the table” during the next Federal Open Market Committee(FOMC) sitting.

“I would say 50 basis points will be on the table for the May meeting,” Powell said during a panel meeting presented by the International monetary fund (IMF), raising expectations for the move in May. The comments come on the heels of the Fed rolling out an aggressive policy to tame inflation which has climbed to a rate of 8.5%, the fastest in four decades. His assertions have however mostly led to BTC dumping, as investors shield from the effects of an increasingly erratic FED.

“From the investor point of view and especially from an equity point of view, the words are great but there has to be some meaning and there actually has to be some action,” Andrew Maynard, Managing Director and Head of Equities at China Rennaisanse told CNBC on Friday.

That said, traders continue to view Powell’s comments as posing risk to cryptos in the short term and now closely watching macroeconomic indicators. The crypto market seems to still be strongly correlated with the equity market with the 90-day tie-in between the top cryptocurrency and the S&P500 hitting the highest level in BTC’s history. Sadly, the S&P500 does not look so good.

From a technical perspective, traders are closely watching the $40,000 support as we move into the weekend, with $37,800 being the strongest support level in sight. On the upside, Thursday’s swing high of $42,967 continues to pose a stake especially if the weekly candle closes in the red. To kickstart a strong upward move in the short term, BTC must settle above $40,250 and the 100 moving average. If bulls are successful, the price could push to the $44,000 resistance level.

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DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Newton Gitonga and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

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Tim Moseley

Cryptos Drop

Cryptos Drop As Markets Digest Interest Rate Hike And Forward Guidance

By RTTNews Staff Writer | Published: 3/18/2022 10:29 AM ET

Crypto markets remained subdued early on Friday as investors weighed the impact of the interest rate hikes announced by the Federal Reserve and Bank of England.

Both the central banks raised the rates by quarter percentage each, and on expected lines. However, the Fed's dovish action and a simultaneous hawkish stance has spooked investor sentiment as markets grapple with the prospect of six more rate hikes during the current fiscal. Lack of progress in the Russia-Ukraine ceasefire talks too dampened investor sentiment.

Markets also assessed the Dollar's rebound after correction in the previous sessions. The Dollar Index is currently at 98.54, having gained substantially from the level of 97.96 on Thursday.

Crypto market capitalization dropped close to a percent to $1.82 trillion. Bitcoin's dominance dipped to 42.3 percent while Ethereum powered to 18.5 percent.

Bitcoin is trading at $40,536.24, down 1.05 percent in the past 24 hours. Search data on Google Trends shows that 'Bitcoin' searches dropped to a six-month low reading of 30 in February, compared to 100 in mid-May, providing insights on behavioral dynamics in the context of a turbulent period in the lead cryptocurrency's history.

Ethereum is trading at $2,806.06, down marginally by 0.17 percent amidst huge expectations regarding the arrival of Ethereum 2.0. Meanwhile, Ethereum Co-founder Joe Lubin has reiterated his expectation that the next era of Ethereum would come within the next 6 months.

All the top 10 cryptocurrencies except 7th ranked Terra (LUNA) have been able to post gains on a weekly basis. Terra is down more than 5 percent on an overnight basis and 13 percent on a weekly basis.

As per data published by stakingrewards.com which tracks 261 yield-bearing assets, staked value of Terra (Luna) is at $26.45 billion, below the $33.02 billion attributed to top-ranked Solana (SOL) and the $26.62 billion on account of Ethereum 2.0. Terra's staked value has dropped from $31.7 billion on March 11 whereas Solana (SOL) bettered its previous level of $32.1 billion and Ethereum 2.0 improved from $25.1 billion.

Apecoin (APE), the new token of the popular NFT project Bored Ape Yacht Club has jumped to the 33rd ranking among all cryptocurrencies and 14th rank among all crypto tokens after prices surged around 100 percent in the past 24 hours. The cumulative gains on the token that was launched on March 17 exceed 1300 percent.

With a circulating supply of 0.28 billion and market capitalization of $4.11 billion, the ERC-20 token which is used within the Bored Ape NFT ecosystem is now ranked as the most valuable cryptocurrency in the Entertainment category. Based on market capitalization, it is also now ranked the second most valuable cryptocurrency in the Collectibles & NFT, Metaverse, Content Creation, Gaming, DAO and Governance categories.

In legal news, Coinbase Global Inc, Coinbase Inc, and Brian Armstrong, the CEO of Coinbase Global have been named defendants in a class action lawsuit that claims that the Nasdaq-listed exchange acted in the capacity of a brokerage for securities without sharing the required risks involved in trading as many as 79 different tokens. According to the Plaintiffs, Coinbase is liable as a brokerage firm and an "actual seller" when exchange takes place, crediting and debiting the parties involved in the transaction in its accounts, rather than facilitating direct exchange between those parties. The plaintiffs are being represented by Connecticut law firm Silver Golub & Teitell.

The previous occasion when the Fed raised interest rates was on 20 December 2018, when after increasing the Fed Funds Rate to 2.50 percent, the Fed promised to stop raising rates. At that time, Bitcoin was trading around $3250 and commanded a market capitalization of $57 billion.

On March 3, 2020, when the Fed Funds rate was reduced by 0.50 percent to 1.25 percent on account of the coronavirus pandemic, Bitcoin had risen to $8,560 while the market cap soared to around $156 billion. When on April 29, 2020, the Fed Funds rate were lowered further to 0.25 percent, Bitcoin had fallen to near $7670 and market cap to $140 billion.

On March 15, 2022, a day before the Fed hiked rates to 0.50 percent, Bitcoin was trading above $39,000, commanding a market cap of $747 billion.

Between March 2020 and March 2022, the Fed's Balance Sheet increased from $4.31 trillion to $8.91 trillion. FOMC's January press release stated that it expected to commence reducing the size of the Federal Reserve's balance sheet after the process of increasing the target range for the federal funds rate had begun. The latest word on this is that the Committee expects to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities at a coming meeting.

The quantitative easing carried out to increase money supply and stimulate economic growth would have found its way to varied asset classes. The Balance Sheet reduction aims to reverse the effect of the liquidity easing, given the profound impact it has had on inflation.

Tracking the Fed's Balance Sheet reduction program could give a sense of how liquidity and asset valuations would pan out in the day's to come. All asset classes would invariably have to take cognizance of this repositioning. Cryptocurrencies are no exception.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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Tim Moseley

Cryptos Brush Aside Rate Hike Fears

Cryptos Brush Aside Rate Hike Fears

By RTTNews Staff Writer | Published: 3/16/2022 10:01 AM ET

Cryptocurrencies rallied ahead of the interest rate review announcement by the Federal Reserve due on Wednesday. Market capitalization surged to $1.78 trillion from $1.72 trillion on Tuesday.

Bitcoin is trading at $40,376.25, having gained more than 4 percent in the past 24 hours. BTC has traded between $38,567.64 and $41,465.45 in the past 24 hours.

Ethereum surged by more than 5 percent in the past 24 hours and is currently trading at $2,674.48. The 24-hour trading range has been between $2,526.47 and $2,722.95.

Ethereum's rally assumes significance amidst reports that the Ethereum "Merge" has successfully taken place on the Kiln Testnet. The merging of the Beacon Chain with Kiln has happened on March 15. Ethereum's energy consumption is expected to drop significantly post the transition to the proof of stake consensus mechanism.

23rd ranked Chainlink (Link) which gained 6.50 percent and 25h ranked Uniswap (UNI) which rallied 5.25 percent are the top gainers among the top 25 cryptocurrencies ranked according to overall market capitalization.

Uniswap, the top ranked crypto token in the Decentralized Exchanges category has however lost close to 5 percent on a weekly basis.

7th ranked Terra (LUNA) shed 1.82 percent despite the broad-based rally and is the most prominent loser in the top 25 category. This follows a series of Twitter exchanges which eventually led to Terra's CEO placing a $1 million bet on the price of the coin in a year's time.

38th ranked metaverse crypto The Sandbox (SAND) has surged more than 8 percent in the past 24 hours amidst the announcement that global financial services provider HSBC would acquire a plot of land in The Sandbox metaverse. The virtual land would be developed to engage and connect with sports, esports and gaming enthusiasts. With the partnership, HSBC is also seeking to create innovative brand experiences that are educational, inclusive and accessible for its new and existing customers. The SAND token, which is the second most valuable metaverse token is presently trading at $2.92.

In regulatory developments, reports from Argentina indicate that the country is set to include cryptocurrency firms in the proposed anti-money laundering regulations. Earlier the U.K.'s Financial Conduct Authority (FCA) too had mooted a similar move.

The DeFi space witnessed two separate instances of exploits. DeFi protocols Agave and Hundred Finance have reportedly been exploited for $11 million. In another instance, $3 million has apparently evaporated from DeFi space as Deus Finance suffered a malware hack.

Financial markets worldwide are bracing for the Fed's policy review with a strong rally. Stock market indices across the globe surged and crypto prices appeared more or less dovetailed with movements in major stock markets. The pre-emptive relief rally appears to be founded on the strong reading that the current political and economic scenario would not justify a larger hike by the Fed even if the inflationary situation demands it.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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Tim Moseley

Shanghai Crypto Pyramid Scheme

Shanghai Crypto Pyramid Scheme With Over 60,000 Victims Busted

By Adrian Klent – March 16, 2022

Key Takeaways

  • Law enforcement agencies in Shanghai have infiltrated a crypto pyramid scheme.
  • The scheme involved over 60,000 victims and 100 million yuan.
  • Chinese authorities have been increasing their oversight of the illegal industry.

Despite ousting the crypto industry from its borders, China has continued to uncover criminal operations related to crypto. A joint law enforcement operation in Shanghai has led to the crackdown of the city’s first crypto pyramid-scheme case.

10 arrested in connection with 100 million yuan crypto scam

The local news outlet, The Paper, reports that the bust was the result of more than six months of investigations carried out by the Economic Investigation Team of the Shanghai Public Security Bureau, together with the Yungpu Public Security Branch.

So far, about 10 persons have been arrested in connection with the dubious scheme which was set up in June 2020. Authorities also claim more than 100 million yuan is involved.

The scammers marketed the scheme to be a “unicorn in the global application field” and “the world’s fastest public chain”, the authorities stated. However, investigations revealed that the elaborately set up company was only running multi-level marketing (MLM) scam, promising participants massive returns for signing up, buying tokens, and referring new participants.

No blockchain or token existed as the scheme was only run through a server, rewarding old signups with funds and new sign-ups.

This has not been the only crypto-related pyramid scheme that Chinese authorities have exposed of late. Last month, Ripple Pay Union, another MLM scam was clamped down. The criminal network claimed to have ties with the American fintech company, Ripple, and its XRP token.

Asides from pyramid schemes, China has also recorded an alarming amount of crypto being used for money laundering and gambling. The crypto that was most commonly involved was found to be USDT according to an analysis by a blockchain forensics firm.

China’s crypto scammers have also involved victims from neighboring countries. Business Standard recounts that victims in Singapore lost over $139 million to Chinese fraudsters last year.

China broadening its crypto crackdown net

China officially declared holding, trading, mining cryptocurrencies illegal last year. Since then it has been going after lawbreakers and putting new regulations in place to ensure there are no loopholes for the crypto industry.

Last week, China’s Supreme People’s Procuratorate disclosed that it prosecuted 1,262 people for laundering crimes involving crypto. The offenders included crypto exchange executives and online lending platforms.

DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

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The original article written by Adrian Klent and posted on ZyCrypto.com.

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Tim Moseley

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