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All Inflation? In Bitcoin Terms, Stocks Never Recovered From Covid-19

[ad_1] Bitcoin (BTC), in fact, crushed stock markets during the Covid-19 recovery with equity “growth” simply down to inflation, fresh data argues.Charts showing stocks denominated in gold and Bitcoin in 2020 show that far from having their best quarter in ten years, markets had no “recovery” at all.“It’s all inflation”The perspective is starkly different to the message coming from governments and mainstream media about the health of the economy.Central bank
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S2F Bitcoin Price Prediction Model as Accurate as Astrology, Says Exec

[ad_1] Prominent members of the crypto community continue to express skepticism over the stock-to-flow (S2F) chart, a Bitcoin (BTC) price prediction model recently revised by analyst PlanB. Nico Cordeiro, CIO at crypto quant fund Strix Leviathan, called S2F a “chameleon,” a term from Stanford professor Paul Pleifderer describing models built upon dubious assumptions. “The model’s accuracy will likely be about as successful at forecasting Bitcoin’s future price as the astrological models of
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Public Mint Launches, Announces 200 Banks Are On Board

[ad_1] Public Mint launched its ‘fiat-native’ public blockchain on July 1 following two years of development.The platform comprises a blockchain for the tokenization of fiat currencies that are held in the accounts of insured and regulated fiat custodians — essentially comprising a stablecoin backed by a network of banks.Public Mint claims to have already partnered with a network of more than 200 banks to hold the funds backing its fiat
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‘Boring’ Bitcoin Hits Multiple Year-to-Date Highs

[ad_1] After weeks of uninspired price action, Bitcoin hit new yearly records today on a variety of metrics: new addresses, active addresses, hourly transaction count and hourly spent outputs.Glassnode CTO Rafael Schultze-Kraft posted on twitter listing the achievements:Quite the on-chain activity on #Bitcoin today –Hourly New Addresses: 2-year highHourly Active Addresses: 1-year highHourly Transaction Count: 10-month highHourly Spent Outputs with Lifespan 24h: All-time high🔥 pic.twitter.com/QrHExLQAgo— Rafael Schultze-Kraft (@n3ocortex) July 2,
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Brazil Eases WhatsApp Ban — But It’s Still Suspended

[ad_1] The payments feature of the popular messaging platform WhatsApp remains suspended in Brazil, despite local regulators easing restrictions placed on its owner, Facebook.On June 24, Brazil’s Administrative Council for Economic Defense, known locally by its Portuguese acronym ‘CADE’ suspended an agreement between Facebook and Brazilian payment firm Cielo to process payments for WhatsApp.On June 30, it reversed the decision, however WhatsApp payments remain suspended as a result of parallel
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Lebanese Pound Falls 50% in Ten Days — Now Worth One Satoshi

[ad_1] Lebanon’s national currency continues to shed value amid the country’s deepening monetary crisis, with unofficial reports indicating that the Lebanese pound, or lira, has lost 50% of its purchasing power in less than two weeks.On July 2, local crypto advocate Saifedean Ammous, author of The Bitcoin Standard, took to Twitter to assert that after “having lost half its value in the last 10 days, the Lebanese lira is now
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Boomer and Gen-X Interest in Bitcoin Surges During Pandemic

[ad_1] The older generations have increased their monthly Bitcoin investments by a factor of nine on U.K crypto trading app Mode since the beginning of the pandemic and lockdowns.Mode Banking reported that Baby Boomers (born 1946-1964) and Generation-X (born 1965-1980) investors are investing significantly larger portions of their wealth into Bitcoin since the start of the COVID-19 pandemic.Using February as the baseline, the findings show that investments from these generations
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‘I’m Getting Bitcoin! F—- This!’

[ad_1] Bitcoin bull Anthony Pompliano has just persuaded Bill Burr, one of the biggest comedians in the world, to invest in cryptocurrency.In a July 1 episode of the Bill Bert Podcast — so named for the comedian and his co-host Bert Kreischer — Burr said he was buying Bitcoin (BTC), after one of his famous profanity-laden tirades culminated in the phrase: “I’m getting Bitcoin! f--- this s---!”.Pomp commented on Twitter after
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LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share

[ad_1] Veteran peer-to-peer (P2P) crypto marketplace LocalBitcoins has reported annual revenue of nearly $29.5 million for 2019.The revenue comprises a roughly 10% increase over 2018’s $26.9 million, however, the firm also noted a 6% drop in annual operating income to $19.8 million.LocalBitcoins’ staff also expanded significantly last year as the platform strengthened its know-your-customer (KYC) requirements in the third and fourth quarters of last year, with the firm’s headcount increasing
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Theft Of 100 BTC Isn’t A Crime Because Bitcoin Isn’t Property

[ad_1] On June 30, a Russian criminal court denied a motion to provide restitution to a victim of what would in many jurisdictions be a felony, arguing that Bitcoin (BTC), as a virtual currency, does not enjoy the same property protection as other assets.The case goes back to 2018, when the two men impersonating Federal Security Service (FSB) agents and their accomplices kidnapped the victim and forced him into giving