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Trump Will Nominate William Barr as Attorney General

on December 09, 2018

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By CHARLIE SAVAGE from NYT U.S. https://ift.tt/2BXNxHh
via Paleo Diet Book

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TA- The Price Of Axie Infinity Struggles Despite Crypto Relief Rally

The price of Axie Infinity (AXS) has struggled recently with a few bullish signs against Tether (USDT) despite market sentiments around the project. As a result of the “Merge” sentiments, this has led to many altcoins showing relief rallies and newer altcoins making all-time highs; the price of Axie Infinity has struggled to rally despite many expectations on AXS holders. The Merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) to increase its network efficiency in transactions. (Data feeds from Binance) Axie Infinity (AXS) Price Analysis On The Weekly Chart Weekly AXS Price Chart | Source: AXSUSDT On Tradingview.com From the chart, the price of AXS saw a weekly low of around $14.2, which bounced from that area and rallied to a price of $18. The price has built more momentum as it faces resistance at $19.3. If the price of AXS on the weekly chart continues with this structure, it could quickly revisit $18, acting as a good support area for b...

Chainalysis: Bitcoin Whales Not Responsible For Volatility Bitcoin (BTC), Cryptocurrency–While cryptocurrency has been on a gradual decline throughout 2018, investors and interest groups have cried foul over the presence of notorious market manipulators, commonly known as whales. In markets such as cryptocurrency, which lack the total trade volume and regulations of the traditional stock market, large cap players with substantial BTC and dollar holdings have long been thought to hold sway over market prices with their buy and sell activity. However, new research out of analytics firm Chainalsysis claims that Bitcoin, and the broader cryptocurrency market, has not experienced prices influenced by the activity of whales. The study reports following the activity of 32 of the largest Bitcoin wallets, which in all command 1 million in BTC, worth around $6.3 billion in market value or about 6 percent of the total Bitcoin capitalization. Cointelegraph reports that Bitcoin whales are typically classified as “individual or entities that own large amount of cryptocurrency and are said to exert influence on the market volatility.” While nearly all coin followings, including Bitcoin, cry foul over the actions of whale accounts and large capital investors having sway over market prices, the research from Chainalysis refutes the idea that Bitcoin valuation is being held in check by a handful of inflated accounts. Instead, the data reports that Bitcoin whales constitute a more varied group of traders, with only a fraction of the large holding accounts constituting active traders moving BTC on a regular basis, “Only about a third of them are active traders. And while these trading whales certainly have the capability of executing transactions large enough to move the market, they have, on net, traded against the herd, buying on price declines.” While all 32 of the wallets examined in the study hold massive amounts of Bitcoin, worth a collective total in the billions, only one third of the accounts were found to make trades on a regular basis or with the sort of frequency that would typically be associated with whale behavior. Despite the smaller portion of large wallets that are engaged in frequent trading, the group still manages to command $2 billion worth of Bitcoin in capital, or about 2 percent of the total valuation of BTC. However, Chainalsysis data concludes that the actions and trade volume of this group are not enough to exert any direct impact on the volatility of Bitcoin pricing. Interestingly, the study did include in the major account holders of several different categories of wallet activity, which ranged from accounts associated with “criminal behavior” to wallets that were clearly from accounts lost via hardware negligence or lost passwords. The latter constituted nearly $1.3 billion worth of BTC, or 212,000 coins which are lost forever to the owners and general Bitcoin market. The takeaway from the study found that while Bitcoin whales constitute a massive and disproportionate amount of the total BTC holding (including miner accounts which have been chipping away at Bitcoin steadily over the years), the actions of such account holders have not had any meaningful impact upon the markets either individually or en masse. So while investors may cry foul over the whale activity surrounding the Bitcoin market, the research by Chainalsysis refutes such a claim, “That net activity demonstrates that trading whales were not selling off Bitcoin in any mass amount, but rather were net receivers of Bitcoin from exchanges in late 2016 and 2017. This indicates that trading whales were, in aggregate, buying on declines and, consequently, were a stabilizing, rather than destabilizing factor in the market…” The post Chainalysis: Bitcoin Whales Not Responsible For Volatility appeared first on Ethereum World News.

Bitcoin (BTC), Cryptocurrency– While cryptocurrency has been on a gradual decline throughout 2018, investors and interest groups have cried foul over the presence of notorious market manipulators, commonly known as whales. In markets such as cryptocurrency, which lack the total trade volume and regulations of the traditional stock market, large cap players with substantial BTC and dollar holdings have long been thought to hold sway over market prices with their buy and sell activity. However, new research out of analytics firm Chainalsysis claims that Bitcoin, and the broader cryptocurrency market, has not experienced prices influenced by the activity of whales. The study reports following the activity of 32 of the largest Bitcoin wallets, which in all command 1 million in BTC, worth around $6.3 billion in market value or about 6 percent of the total Bitcoin capitalization. Cointelegraph reports that Bitcoin whales are typically classified as “individual or entities that own large...

“OKCoin USA Will Launch a Fully Compliant [Yuan-backed] Stablecoin,” Xu Star Says OkCoin’s subsidiary in the United States is working to launch a stable coin backed in Chinese Yuan. This was announced by Xu Star, CEO of OKGroup in a tweet published on his personal account: Embracing the tide of technology, the launch of a #CNY backed #stablecoin is an inevitable trend, and it will significantly improve the internationalization of the RMB. OKCoin USA will launch a fully compliant stablecoin. — Star Xu (@starokcoin) October 10, 2018 RMB or Ren Min Bi (人民币) is the official name of China’s currency. It is internationally known as CNY or Chinese Yuan (¥) because this term is used in chinese to refer to monetary amounts. Generally, in the financial world, they are taken as synonyms, being used indistinctly in many cases. According to Mr. Star, the future stable coin will be 100% law compliant, something of great importance for those who wish to use it to “freeze big capital.” Star, who stated that the use of stable coin is an “inevitable trend” also considers that the issuance of a stable currency aimed at the Chinese market can strengthen that market in the same way as the dollar-pegged stablecoins have done. Star says that the issuance of a Stablecoin does not differ much from the digital expressions of fiat money. In one of his tweets he explains his conception of a system in which there is complementarity between central banks and stablecoins as mechanisms for transmitting value: #Stablecoin are in essence electronic cash. They have the same attributes. The central bank issues the currency and then it is distributed peer-to-peer. The difference is it's electronic. Today, the amount of cash in China's domestic monetary system is not small. — Star Xu (@starokcoin) October 10, 2018 OkCoin is Not Alone It is important to note that while The OkCoin team efforts are relatively new to the Chinese market, the interest in stablecoins on the part of large operators of financial services based on cryptocurrencies is growing. Besides the issuance of the famous Tether (USDT) that dominates this market, other alternatives have emerged to capture a user base eager to enjoy the stability of banks and the decentralization and transparency of blockchain technologies. In the western world, the appearance of TrueUSD marked an essential point in the relationship of exchanges with stablecoins, giving a breath of fresh air to this type of crypto asset that had recently received a strong mediatic blow as a result of accusations of fraudulent use. Likewise, in the Japanese market, GMO, a Japanese multinational focused on crypto businesses and famous for the miners it offers in the market even started the issuance of a Yen-pegged cryptocurrency “GMO Japanese YEN (GJY)“ The post “OKCoin USA Will Launch a Fully Compliant [Yuan-backed] Stablecoin,” Xu Star Says appeared first on Ethereum World News.

OkCoin’s subsidiary in the United States is working to launch a stable coin backed in Chinese Yuan. This was announced by Xu Star, CEO of OKGroup in a tweet published on his personal account: Embracing the tide of technology, the launch of a #CNY backed #stablecoin is an inevitable trend, and it will significantly improve the internationalization of the RMB. OKCoin USA will launch a fully compliant stablecoin. — Star Xu (@starokcoin) October 10, 2018 RMB or Ren Min Bi ( 人民币 ) is the official name of China’s currency. It is internationally known as CNY or Chinese Yuan (¥) because this term is used in chinese to refer to monetary amounts. Generally, in the financial world, they are taken as synonyms, being used indistinctly in many cases. According to Mr. Star, the future stable coin will be 100% law compliant, something of great importance for those who wish to use it to “freeze big capital.” Star, who stated that the use of stable coin is an “inevitable trend” also considers...

BNB Price is Surging as The Gates To $400 Are Now Open

BNB price (Binance coin) found support near $300 against the US Dollar. BNB rallied above $320 and might aim more upsides towards the $400 level. Binance coin price started a steady increase from the $300 support against the US Dollar. The price is now trading above $320 and the 100 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $320 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could is rising and might climb further above the $335 resistance zone. Binance Coin Price Rallies Over 5% This past week, BNB price formed a support base above the $300 level. The bulls were active and they were able to pump the price above the $310 and $312 resistance levels. The price is up over 5% in a day and there was a move above the $320 resistance. Besides, there was a break above a major contracting triangle with resistance near $320 on the 4-hours chart of the BNB/USD pair. The pair is now showing pos...

Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time The infamous Mark Karpeles, former CEO of the now defunct bitcoin exchange Mt Gox, appeared in an exposé interview on Monday and publicly discussed how he tolerated Japanese jail. Karpeles explained how he’s been accused of financial misconduct in a land that has a 99 percent conviction rate and he wouldn’t wish his experience on anyone. Also Read: Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support Mark Karpeles Speaks of Japan’s “Hostage Justice” in Latest Interview This week, Mark Karpeles spoke in an interview about his experience in a Japanese jail after being charged by the Tokyo court system for embezzlement tethered to the Mt Gox operations. When Karpeles was the chief executive of the Tokyo exchange Mt Gox, the trading platform lost approximately 850,000 bitcoins that belonged to customers. At the time, the loss represented nearly 6 percent of the bitcoins in circulation. Roughly 200,000 coins were eventually “found” and Karpeles and the company filed for bankruptcy on Feb. 28, 2014. Mark Karpeles tells CNN he is a victim of Japan’s “hostage justice” system. A year later, Karpeles was arrested for allegedly changing important data within the Mt Gox computer system and was later arrested again and charged with embezzling $3 million from the company. Karpeles has maintained his innocence the entire time, but did time in jail and was released on bail as long as he doesn’t leave the country. Speaking in his recent interview, the former exchange operator gives his account of some of the injustice he allegedly faced during his jail time and interrogation. Karpeles says he wouldn’t wish the experience on his worst enemy and even “humanity’s worst enemy.” Karpeles must not leave Japan and he faces a verdict this March. “There’s a very big feeling of powerlessness — Whatever you do, there’s nothing you can do,” says Karpeles during his CNN interview. Karpeles took detailed notes of his 12 months in Japanese jail and explained that Japanese police interrogated him for 50 days straight, up to 8 hours a day without his lawyer. Soon Karpeles expects to hear a verdict on his charges in a country where the conviction rate is 99 percent. Karpeles adds: The more you try and deny being guilty the harsher it gets. Karpeles says he has comprehensive notes on how he was treated in a Japanese prison. The notebook in the photo allegedly is his notes on the entire jail experience and interrogation. Bitcoiners Weigh in on the Japanese Conviction Rate The Karpeles interview on CNN appeals to people who believe the Japanese conviction rate is draconian and the broadcast also discusses the former Nissan chairman Carlos Ghosn. Like Karpeles, the Nissan executive is being charged with the same crimes, including a charge called “breach of trust.” Further, Ghosn’s interrogation is also being scrutinized and he has already been rejected one bail request due to being a “flight risk.” Japanese prosecutors say the justice system is fair. “We would never prolong the detention to harass suspects and we believe [suspects] are treated fairly.” Attorney Shuji Yamaguchi from the legal firm Okabe and Yamaguchi emphasized that the legal system in Japan works and the country has one of the lowest crime rates in the world. “Our system supports our society and still crime goes down every year — So I think our system works very well,” Yamaguchi explained in the video. Karpeles current residency in Tokyo. When the interview was posted to cryptocurrency Reddit forums, lots of people discussed how Karpeles looked like he gained some weight. His weight was also a topic of discussion when the former exchange operator was released on bail in July 2016. However, some people did discuss the Japanese justice system and how it applies to one of the most notorious individuals in cryptocurrency. A traditional cell for a single person living inside the Tokyo Detention Center. One Reddit user on the Mt Gox insolvency forum admitted there was “two wrongs” involved with the story. The individual explained that the Japanese justice system was wrong but it doesn’t excuse what Karpeles did. “I feel bad for Mark having to go through this, but I still think Mark is guilty guilty guilty,” explained the response to Karpeles interview. The final verdict for the Karpeles embezzlement trial will be held in March. Image credits: Shutterstock, Tokyo Detention Center Kyodo/via Reuters, CNN, and Pixabay Want to create your own secure cold storage paper wallet? Check our tools section. The post Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time appeared first on Bitcoin News.

Tips on Tipping This Holiday Season

Who should you tip and how much should you give during the holidays? Those are questions consumers grapple with every year, and there’s no clear-cut answer. But there are guidelines, depending on... from Yahoo News - Latest News & Headlines http://ift.tt/2yKrajR via Paleo Diet Book

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