News of News For Bears and Bulls – Trustnodes

News of News For Bears and Bulls

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Crypto prices, October 2020

Stocks are down 3%. Bitcoin is now below $13,000. Eth is minus close to 6%. Oil is down. Gold is falling.

Where all this money is going no one knows, but the dollar is up a bit finally, although not by that much.

Fears of another potential lockdown weigh on investor’s minds, with protests in Napoli against pandemic related measures being the latest indication of what the public response might be to this seemingly never ending pandemic which was to last only three weeks.

Astonishingly, the China lied meme is now turned on its head because only there it appears the pandemic did indeed last just three weeks.

How this vast country is escaping the so called second wave is not quite a mystery. They had this disease just as with the Spanish flu, which actually came from China, and they exported it to the world.

On the other hand things feel a bit normal. People do go out, though with masks. They go to work. They go to school, though sometime from home. They’re getting accustomed to the “three weeks” lockdowns.

So any effect on asset prices is unlikely to be panicky, depending of course on just what the donkeys do to get a grip.

“Large scale power systems are comprised of regional utilities with IIoT enabled assets that stream sensor readings in real time.

In order to detect cyberattacks, the globally acquired, real time sensor data needs to be analyzed in a centralized fashion.

However, owing to operational constraints, such a centralized sharing
mechanism turns out to be a major obstacle.

In this paper, we propose a blockchain based decentralized framework for detecting coordinated replay attacks with full privacy of sensor data.

We develop a Bayesian inference mechanism employing locally reported attack probabilities that is tailor made for a blockchain framework.

We compare our framework to a traditional decentralized algorithm
based on the broadcast gossip framework both theoretically as well
as empirically.”

So says an academic paper, which we find interesting as although bitcoin, bitcoin, bitcoin is now more in vogue than blockchain, blockchain, blockchain, it shows there may well be places where a blockchain might well be useful.

Another paper however shows where blockchain optimism might be too colorful. Bias-resistant social news aggregators based on blockchain, is its title, with us needing to read no further because there’s no such thing.

Honolulu is amused by “a curious ATM” which “takes in money for cryptocurrency.” How cute, even Honolulu is behind, imagine the rest.

“EDF blockchain subsidiary Exaion has become a ‘baker’ to validate transactions on the Tezos ecosystem…

The move indicates a strategic decision to utilise a protocol anchored in French scientific research, responsible in energy use and whose implementation is facilitated both by its open source philosophy and by the French R&D software developer Nomadic Labs’ technical support, a statement says.”

It’s not clear what the gimmick is. That an energy company has become a ‘baker’ or that it has chosen a ‘French’ blockchain because it is a French company.

“Concluding the three-day programme, the QFC tapped into one of the current most trending global economic developments – the rise of central bank digital currency (CBDC). Co-hosted with PwC Switzerland, the final webinar, titled ‘Central Bank Digital Currency (CBDC): Key Developments and Relevance in the Post Covid-19 Monetary Environment’, highlighted how the accelerated digitisation of commerce, trade, government, health care, and financial services is reshaping the monetary environment. It also tackled the benefits and implications of CBDC on the global economy.” So says Qatar.

Will Germany need bitcoin soon to bypass US sanctions? That’s something we could have asked in its own article after German mayor Frank Kracht apparently “now faces sanctions from a bipartisan coalition in the US Congress, opposed to the deepening economic ties with Russia and European dependence that the [Nord Stream] project allegedly represents.”

“The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced on October 19, 2020 that it assessed a $60 million civil monetary penalty against Larry Dean Harmon, as the primary operator of Helix, and as the Chief Executive Officer and primary operator of Coin Ninja LLC (Coin Ninja), for violating the Bank Secrecy Act (BSA) and related anti-money laundering regulations. Mr. Harmon operated Helix and Coin Ninja as a mixer or tumbler, in an effort to assist customers in anonymously transacting in bitcoin.”

There aren’t many beautiful ethereum transactions, but this flashloan one is among them. $24 million with no upfront capital and after just a few lines of code? Welcome to the present.

The Turkish Lira has now surpassed 8 to the dollar. It’s effects on Turkish bitcoin usage remain generally speculative due to lack of data, but you can buy houses with bitcoin there.

“Huobi Futures has announced its latest offering that looks to take advantage of the ever-growing and popularizing stablecoin market with USDT-Margined Swaps on Oct. 26. Ten popular currencies including BTC, ETH, BCH, BSV, LINK, DOT, UNI, FIL, YFI, and BNB are listed in its first batch. Based on Huobi’s announcement, currently only Web and API are available; trading on APP will be supported around one week later.”

Huobi also bought about $4 million worth of their token in a dividend distribution of sorts.

“Jack Dorsey to Keynote at Africa Fintech Summit 2020.” What? “Dorsey’s closing keynote on November 12 will revolve around the concepts of decentralized finance and opportunities it creates for financial inclusion.”

“Marathon Patent Group, Inc. (NASDAQ:MARA) (‘Marathon’ or ‘Company’), the largest publicly traded Bitcoin self-mining companies in North America, today announced that it has entered into a contract with Bitmain to purchase an additional 10,000 next generation Antminer S-19 Pro ASIC Miners.”

Up and up. The machine will eat all the hash. Better bitcorn than surveillance corporate AI.

On the latter, China appears to be on a full on propaganda mode. They claim because they are more people, they have more data, and therefore if data is oil, they the new Saudi Arabia.

Wait until they learn there is no such thing as intelligence in artificial intelligence, except where such intelligence is human intelligence and not the dum pattern recognition sort. Meaning, their planned economy combined with dum AI is more likely to precipitate and inflate dead ends.

“The Securities and Exchange Commission today announced charges against The Goldman Sachs Group Inc. for violations of the Foreign Corrupt Practices Act (FCPA) in connection with the 1Malaysia Development Berhad (1MDB) bribe scheme, and as part of coordinated resolutions, it has agreed to pay more than $2.9 billion, which includes more than $1 billion to settle the SEC’s charges.”

A billion is now the new one million. A trillion is the new one billion. And if that’s the case…

When will bitcoin hit it?

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