Vexa Global: Legit Cryptocurrency Trading and Investment Opportunity?


Vexa Global is a new company entering the cryptocurrency industry, describing themselves as a “team of technology and finance hotheads.” The company ultimately believes in the power of cryptocurrency to change the financial world, which it easily is already adapting to the use of cryptocurrency. However, this company is looking to change the way that this industry works, rather than just joining the current market. Presently, the main goal of Vexa Global is to

“start manipulating the cryptocurrency market with the help of fintech services, IT products that have no analogues in the industry.”

What Are Vexa Global’s Benefits?

There are a few areas of interest that Vexa Global names as their advantages that keep them ahead of the game. For instance, the leaders involved with this brand already have experience internationally with the promotion of new products, as well as experience with the launch of ICOs and IPOs. They’ve secured Global Partner LLC in their brand already, which is an investment and management company.

While there are many companies that approach investments in a way that experienced traders do, this platform is much more user-friendly. It is made to help investors that are new to the industry or that don’t actually invest on a regular basis.

For consumers that want to know more information about the company, it prides itself on offering transparency, offering client information as often or as intricate as they need. At any time, the company can provide their full portfolio, as well as attribution reports. Investment managers can be available on an as-needed basis.


Vexa Global has a few products already planned, which include:

  • A cryptocurrency ATM
  • An exchange
  • A token
  • A bot
  • A payment system

The cryptocurrency ATM allows consumers to use their cash or debit card to purchase cryptocurrency. There are some ATMs that allow both the sale of crypto and the purchase of crypto, though there are some situations that require the users to have an account already for these transactions.

Each stage of the roadmap describes when these launches should take place, starting with the launch of the platform.

The Roadmap of Vexa Global

As this company progresses, there’s already a roadmap in place that shows where the company is planning to be through January 2020. Presently, the roadmap covers a few events that have already passed, including the platform launch in April and the launch of the crypto ATM in May.

Still to come, the company has planned:

  • The cryptocurrency exchange launch, which is scheduled in July
  • The release of the token, which is scheduled in September
  • The launch of the trading bot, which is scheduled in November.

Vexa Global doesn’t plan to launch the Vexa payment system until January 2020.

The Global Partner LLC was originally founded in July 2015, entering the blockchain technology industry by 2016, which was a big year for this sector. By 2017, the company invested in cryptocurrencies, seeing the big changes in the industry. The next year, the company was taking a greater stand by supporting startup, seeking out opportunities that would provide them with a big return on investments.

Now, with the opening of the Vexa global platform, the company believes that their experience in the market and the knowledge that they’ve gained is enough to make themselves successful as well.

Contacting Vexa Global

Even with the information on the official website, some potential investors could have additional questions. While there is an entire FAQ section, consumers can get in touch directly with a representative by sending an email to [email protected].

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Author: Krystle M

Bitcoin is in a New Market Cycle and a “Much More Mature Position”: Circle Q2 Report

  • Bitcoin hash rate saw an uptick of 32% q/q while miners’ revenues register a change of 177% q/q
  • Tether dominance grew in Q2 despite being the center of controversy
  • Unlike previous cycles, this bull run has a slower cadence of institutional investors

Circle released its Q2 2019 report talking about the crypto industry growth and price of Bitcoin that rose to levels not seen since January 2018 along with the trading volumes across custodial, non-custodial exchanges and derivatives platforms.

When it comes to network activity, average daily active addresses surged for five consecutive months, up 26% quarter over quarter (q/q).

The average daily transaction had mixed monthly performance, up 187% year over year. Average daily value transacted and transaction size registered a consistent rise.

There has also been an uptick of 32% q/q in the hash rate of the Bitcoin network while miners’ revenue saw a quarter over quarter increase of 177%.

Meanwhile, Litecoin Network capacity declined 11% q/q in BTC terms.

Tether Dominance Grew in Q2 Despite Being the Center of Controversy

When It comes to stablecoins, Tether’s dominance grew this quarter despite the revelation that USDT is only 74% backed by cash and equivalents followed by an investigation into Tether and Bitfinex by NYAG. Tether also dominates on-chain volume relative to all other stablecoins.

Among stablecoins, USDC showed the greatest growth (rise 48.7% q/q in market cap) followed by USDT (46.7% q/q) while GUSD’s market cap declined 75% q/q.

Bitcoin dormancy that sheds some light on the state of Bitcoin market cycles and its long term economic growth, has been on the rise with recent price action, up 103% q/q. But it’s still down 30% YTD and not yet at 2017 levels.

High dormancy means more long term holders are selling their BTC which is a bearish indicator while low dormancy is bullish as more coins are held for a longer period.

Unlike Previous Cycles, This Bull Run Has A Slower Cadence of Institutional Investors

The report says, Bitcoin performance in 1H 2019 suggests the “starting of a new market cycle” and in a

“much mature position.”

It also points out how high-quality assets have seen “differentiated” performance and they do not see the entrance of new low-quality assets that was “pervasive” in the last bull cycle.

This bull run, it notes, unlike the previous two cycles that were driven by retail investors, this time a “longer” cycle will see a

“slower cadence of Institutional investors.”

Institutionalization has been a recurring theme for years now but now we have started to see “greater involvement” from not only existing but also new institutional investors. The market is also seeing a maturation of institutional infrastructure such as regulated exchanges, custody providers, and investment vehicles and products,

“paving the way for incumbents enter.”

Notable mentions are Grayscale that showcases continued strength and derivatives volume that spiked in line with BTC price. Futures volume on BitMEX and CME combined were $342 billion while combined options volume on Debit and LedgerX was $2.6 billion in Q2.

All of Today’s Bitcoin Price Analysis, Chart Forecasts and Industry News

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Author: AnTy

Judge Gives 90-Day Extension for NYAG’s Bitfinex and Tether Investigation


New York Supreme Court Judge, Joel M. Cohen has recently given a 90-day extension on an investigation involving both crypto exchanges, Bitfinex, and Tether report Coin Desk. Such decision was made because Cohen still needed some time to finalize his concluding say. More specifically, he was quoted saying:

“I will extend the injunction […] If I dismiss the case, then obviously the injunction goes with it. If I don’t dismiss the case, the injunction will be extended.”

With the given extension, operations on both Bitfinex and Tether’s end do not need to be halted, however, both involved parties trust that the NYAG shouldn’t be getting involved in the first place. Before emphasizing on the latter, here’s what happened:

Tracing Back Past Events

According to the claims made, Bitfinex incurred $850 million in losses, and as a way to conceal the missing funds, the crypto exchange supposedly took the exact amounts from the Tether reserve. Since both parties have mutual executives involved, Tether had approved a $900 million line of credit to Bitfinex.

NYAG Letitia James was the one to have revealed the news regarding said court filing back in April reports Coin Telegraph, in which it was noted that those involved in Bitfinex and Tether have violated the New York law.

As for the NYAG office, they claim that they have “sufficient jurisdiction,” as it such activities can pose a risk to New York residents. Coin Desk referenced The Block, which gave an example of a New Yorker who was able to sign up with Bitfinex in “early 2019”. This was allegedly confirmed by the latter.

iFinex, the sole operator of Bitfinex supposedly applied to have the case closed, as it is believed that New York regulators lack authority to take on this role. In particular, the argument made is that Bitfinex wasn’t operating in New York when the loss was incurred.

Here’s a statement that lawyers on Bitfinex and Tether’s side released:

“For purposes of personal jurisdiction, OAG cannot show Respondents engaged in any busy activity purposefully directed at New York. OAG tries to confuse matters by referring to isolated instances where Respondents’ foreign customers have shareholders […] in New York. But in those circumstances, Respondents’ counterparties […] are the foreign entities.”

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Author: Nirmala Velupillai

Last Week Today: Bitcoin and Cryptocurrency Weekly Digest July 17-24

  • Day 2 of Libra hearing – House Financial Serices Committee unanimously against Libra launch
  • Research explores potential catalyst for unprecedented Bitcoin demand
  • No, India has NOT banned Bitcoin just yet. Supreme court further delays hearing
  • Will BitMEX get rekt? CFTC probes whether exchange is illegally servicing American traders

“Unstoppable Force” Bitcoin Shines Through Like a Beacon of Hope At Grim Libra Hearing

We covered day 1 of the two-day Libra hearing at the Senate Banking Committee in last week’s digest and besides lack of trust in Facebook, the refrain for the day, ad nauseam, was money laundering and financing of terrorist activities. It was pretty prosaic scare-mongering without too much substance. Calibra’s CEO David Marcus being largely unforthcoming certainly didn’t help matters.

On day 2 of the hearing in front of the House Financial Services Committee (FSC), it wasn’t just Marcus who testified but also a panel of blockchain experts, presumably to better inform the committee to pose more pertinent questions.

* FSC Chairwoman Maxine Waters set the tone for the day’s proceedings by highlighting the systemic risk posed by government currencies backed Libra tokens and recommending that Facebook walk back on Libra plans, “Facebook’s plan to back Libra with government currencies and securities by holding them in the so-called Libra reserve to be governed by Facebook and its partners would shift government assets on such a massive scale without proper oversight, threatening to concentrate government influence in the hands of few elites.”

* North Carolina Congressman and FSC ranking member Patrick McHenry eloquently stressed the importance of embracing innovation, while stopping short of endorsing Facebook’s inclination and competency to lead innovation, “Whether Facebook is involved or not, digital currencies are here and blockchain is real. The world that the author of Bitcoin’s whitepaper Satoshi Nakamoto envisioned and others are building is an unstoppable force. Governments cannot stop this innovation.”

* McHenry also asked a very fundamental question which could have important implications on how Libra is regulated, “What is a Libra? Is it a security, a commodity..?” To which Marcus responded by characterizing Libra as a payment tool similar to Venmo and PayPal, “Libra would be a reserve-backed digital currency. We don’t believe it is a security but based on current US laws, it could be a commodity but we see it as a payment tool.”

* Asked whether the decision to domicile the project in Switzerland was to evade US regulations, Marcus said,

“The decision to locate in Switzerland was not an attempt to evade regulation or responsibility in the US. We thought a global, digitally native currency used by people around the world would benefit from being headquartered in an international place that is the home to many international organizations.”

* Georgia Congressman David Scott perceptively highlighted the contradiction of Facebook’s express mission statement to bank the unbanked and unequivocal regulatory compliance, pointing out that the reason most people are unbanked is because they do not have government identification that is required to open a bank account and registering for Facebook’s Calibra wallet would require fulfilling the same criteria.

* On the subject of censorship, Wisconsin Congressman Sean Duffy asked Marcus who could use Calibra and Libra, to which Marcus responded, “Anyone that can open an account, goes through KYC, in countries where we can operate.” Duffy then held up a $20 bill to illustrate his point, “This $20 bill doesn’t discriminate on anything you can be a murderer say horrible things, you can say great things. This $20 bill can be used by every single person that possesses it. With regard to your network, can Milos Yianopolous and Louis Farrakhan use Libra?”

* Rep. Alexandria Ocasio-Cortez brought up the important issue of antitrust,

“Facebook is a publishing platform, an advertising network, a surveillance corporation, a content distributor and now it wants to establish a currency and act through its wallet as at minimum a payment processor. Why should these activities be consolidated under one corporation?”

* Facebook’s recent $5 billion FTC fine for breach of privacy was brought up by Rep. Madelaine Dean,

“Could you be specific as to the wrong-doing that generated a $5 billion fine? It’s tough to trust when the collection, storage and misuse of the information of your customers generated a $5 billion fine.”

* The quote of the day came from Coinshares’ Meltem Demirors’ prepared testimony, which deftly delineated the fundamental differences between Bitcoin and Libra,

“Bitcoin is three things – it’s a technology, a network and a cryptocurrency. Bitcoin’s network is not regulated, is permissionless and decentralized. Like the Internet, Bitcoin could be considered a public good. However the companies providing services on top of the Bitcoin network are centralized and regulated. We’re now seeing countless imitators, which borrow some features of but are decidedly not cryptocurrencies. Libra is not a cryptocurrency. It cannot and should not be compared to Bitcoin.”

The hearing was severely hampered by Marcus’s taciturn disposition, obviously under instructions not to commit too strongly on any future plans on regulatory compliance or developmental roadmap. However, the hearing served to spotlight the brilliance of Bitcoin and it seems now that US lawmakers are getting their head around to the idea that Bitcoin is inevitable, whether they like it or not.

Congress doesn’t trust or believe in Libra. What about the public? Market intelligence platform CivicScience carried out a survey of 1799 US adults, which was published on Monday, and found that only 5% of responders had any interest in Libra.

In another curious development, Despite Facebook’s claims that their 27 partners had fully committed to the project, Visa CEO, Alfred Kelly played down their involvement on Wednesday, stating that the agreement with Facebook was non-binding, “So we have signed a nonbinding letter of intent to join Libra. We’re one of – I think it is 27 companies that have expressed that interest. So, no one has yet officially joined.”

Retail Demand For Bitcoin Sees Exponential Growth In Hyperinflationary Economies

Compared to late 2017 levels, retail interest in Bitcoin in leading economies has been rather modest despite a fourfold price appreciation this year. That is not to say there isn’t a great deal of retail interest, it’s just not coming from more stable economies.

Research findings of Digital Assets Data, a Fintech data provider, have revealed that although Bitcoin remains a speculative asset in relatively stable economies, retail demand for Bitcoin in hyperinflationary economies keeps soaring to new highs as the currency is being used as a legitimate store of value in these countries, a mantle traditionally held by gold.

This was happening in 2018 even as Bitcoin’s price kept tumbling, according to Mike Alfred, co-founder of Digital Assets Data,

“We found that in developing countries and places where monetary policy and banks are less stable, bitcoin trading volume continued to rise even as the bitcoin price was falling.”

Although leading economies like the US, UK and the EU manage their economies better, that’s not saying much. As evidenced a decade ago, continually stimulating economic ‘growth’ by cutting lending rates comes at the ultimate price of a recession.

In the US, the current federal funds rate – interest banks charge each other to lend money – is 2.25-2.5%. Under pressure from the US president, the Federal Reserve is expected to further lower this rate. This negatively impacts savings and leads to systemic overlending.

Another key factor which portends imminent recession is the yield curve inversion – which hasn’t occurred since 2007 and is considered a bad omen for the economy. Yield curve plots yields on government bonds from shortest maturity to highest. In a healthy market environment, long-term bonds have higher yields than short-term bonds.

When this inverts and short-term bonds have higher yield, it indicates that people are uncertain that growth is here to stay. Yield curve inversion is a major reason for pessimism from economists despite the Dow average scaling unprecedented highs this month.

It stands to reason that in the event of a recession, as widely expected, we may come to see Bitcoin’s ascendency to SoV status in larger economies.

Indian Government Panel Recommends Ban On Bitcoin Because It’s A ‘private’ Cryptocurrency

It’s the year 2019 and the Bitcoin network has been around for ten years. The economic affairs secretary of the sixth largest economy, Subhash Chandra Garg, in the world has proposed a ban on Bitcoin because he thinks it’s a private cryptocurrency. Someone needs to go back to the ISI in Delhi to get up to speed on current economic affairs.

Garg leads the panel which was given a remit by the Indian government to recommend a regulatory framework for cryptocurrencies so it’s hardly surprising that the panel has recommended that the Indian government ban Bitcoin.

There have been reports all week that India had already banned or is on the brink of banning Bitcoin after Tim Draper criticized Indian government for banning Bitcoin.

An official Bitcoin ban hasn’t happened just yet. It requires the proposed bill to be introduced by the Finance Ministry before both legislative assemblies, which may not happen until December’s parliamentary session, and pass by a two-third majority in both houses. Let’s hope that not all lawmakers in India are as ignorant as Garg.

While endorsing distributed ledger technologies as a necessary innovation in delivering financial services, the panel’s proposal demonizes private cryptocurrencies, including Bitcoin, and urges the RBI to work towards issuing a digital rupee. The panel’s recommendations can be read in full here.

Last year, Indian government introduced legislation prohibiting banking institutions from providing financial services to cryptocurrency exchanges. There are five petitions appealing this banking restriction and the proposed draft bill to ban cryptocurrencies, which are due for hearing in India’s Supreme Court. The case was supposed to be heard this week but has been tentatively postponed to August 2.

Wrath of Roubini – CFTC opens overdue investigation of margin trading platform BitMEX

BitMEX CEO Arthur Hayes thought it would be a cool plug to have a debate with Keynesian economist and Bitcoin critic, Nouriel Roubini, at the Asia Blockchain Summit earlier this month in Taiwan. It seems he got a lot more than he bargained for out of the encounter.

Incensed at BitMEX for releasing heavily edited footage of the debate, Roubini has since been on a crusade against the exchange. On July 16, Roubini published an essay titled “The Great Crypto Heist”, in which he criticized the compliance policies of BitMEX and called on authorities to intervene.

Three days later, on July 19th, it was reported that CFTC was opening an investigation against BitMEX to find whether it had breached US laws by allowing US customers to trade on its platform.

There have been frequent rumors about all manner of malpractices by BitMEX. BitMEX even openly trades against its own users with its so-called trading desk. Most traders have tended to normalize them as par for the course in unregulated markets.

Although HDR Global Trading Limited, the parent company which operates BitMEX is registered in Seychelles, there are fears among traders now that a CFTC probe could lead to further inquest against other allegations against the exchange.

Blockchain data analytics firm, TokenAnalyst revealed on Wednesday that traders have duly withdrawn $175 million worth of Bitcoin from BitMEX between Friday and Tuesday.

Trading Insights

Despite sinking as low as 9049 during the week, Bitcoin closed last week strongly in green by rallying towards the end of the week to close at 10600, thought to have been spurred by Bakkt launching the platform’s testing phase on July 22.

There are a few things to look for in the daily chart. A falling wedge pattern is beginning to take shape, which would be confirmed by a strong daily close above 10378 with an attendant increase in volume.

Daily RSI is holding firm above the perceived bull cycle low of 40, but it’s something to keep an eye on. A breakdown below this level has historically indicated a shift in market sentiment. Looking at the stochastic oscillator on daily, %K is shaping up to converge and crossover bullishly at the lower band.

In the monthly chart, there are two things to note. First, it illustrates the importance of RSI holding above 40 as an indicator of the bull market. Bitcoin’s monthly RSI has never dipped below the level.

Secondly, July seems likely to be the first close in red in 6 months, after 5 green closes. The last time this occurred was September 2017, which propelled Bitcoin to its all-time high within 3 months.

Leading altcoins posted modest gains against Bitcoin this week, with Ethereum clawing back slightly to 0.022 and Ripple’s XRP up to 3200 sats. Bitcoin’s dominance is at 64.5%, down 4% from last week.

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Author: Bitcoin Exchange Guide News Team

ZCASH Price Prediction: Long-term (ZEC) Value Forecast – July 28

Zcash Says Goodbye to Its Name, Rebrands as 'Electric Coin Company'
  • The journey to the south may be sustained in the long-term outlook.
  • $56.77 in the demand area is the bears’ targets in days ahead.

ZEC/USD Long-term Trend: Bearish

Supply zone: $120.00, $140.00, $160. 00
Demand zone: $50.00, $40.00, $30.00

The cryptocurrency long-term outlook remains in a downtrend. The bears attained their dominance in last week session with a low at $66.31 in the demand area on 27th July.
The trendline is a strong resistance with a bounce to the downside each time price touches it. The touch came during yesterday session as ZECUSD rose to $75.22 in the supply area.

$56.77 in the demand area remains a target as the momentum increased down south. This was a market correction of the bears’ impulsive move.

The new week is starting on a bearish note at $69.03 with a drop at $66.77 below the two EMAs. It suggests a strong bears pressure on the cryptocurrency in the days ahead coupled with the signal of the stochastic oscillator pointing down at 20%.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez Mustapha

IOTA Price Prediction: Long-term (MIOTA) Value Forecast – July 28


The bears sustained momentum in the long-term outlook.
$0.02500 in the demand area is on the card.

IOTA/USD Long-term Trend -Bearish

Supply zone: $0.6000, $0.7000, $0.8000
Demand zone: $0.1000 $0.0800, $0.0600

IOTA long-term outlook continues in a down-trending market. With a low of the week at to $0.2768 in the demand area within the 23.6 fib area, the bears are set for a long journey down south in the new trading week.

The week opened on a bearish note at $0.2869 and price already down to $0.2753, the journey down south in the long-term may be confirmed.

Price is below the two EMAs and the stochastic oscillator signal points down at 36%. These suggest a downward momentum in price. Increased bearish momentum may result in new candles opened and closed below the two EMAs.

$0.2510 in the demand area may be retested as the bears’ pressure becomes stronger in days ahead.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez Mustapha

MONERO Price Prediction: Long-term (XMR) Value Forecast – July 28


• The long-term outlook is in the downtrend.

  • $72.00 in the demand area is the bears’ target in the new week.

XMR/USD Long-term Trend: Bearish

Supply zone: $140.00, $180.00, $220.00
Demand zone: $40.00, $20.00, $10.00

XMR remains in a bearish trend in its long-term outlook. The bears held on to the market during last week session with a drop to $78.43 in the demand area on 24th July. This is within the 23.6b fib area a trend continuation zone.

The resistance at the 10-EMA rejected further upward price movement at $83.71 in the supply area.

$83.71 in the demand area was the low of the week as the bears’ momentum increased.
Exhaustion denoted by wicks in the candles is seen in yesterday and today’s candles with today’s opening price at $83.71. The sustained pressure by bears has the coin down to $78.14 in the demand area.

Price is below the two EMA and the stochastic oscillator signal points down at 34% which suggest downward continuation in price in the long-term.

$72.00 in the demand area is on the card for a retest as the journey down south continues in the new week.

The views and opinion as expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

BINANCE COIN Price Prediction: Long-term (BNB) Value Forecast – July 28


• The coin long-term outlook is a bearish trend.
• $24.00 in the demand area is on the card.

BNB/USD Long-term Trend: Bearish

Supply zone: $60.00, $80.00, 100.00
Demand zone: $10.00, $8.00, $6.00

BNBUSD is in a downtrend in the long-term outlook. The bears’ strong pressure on the coin led to the breakdown at the lower demand area of the range at $28.00 on twice on 24th and 27th July.

The bulls had a brief push back up at $30.13 on these two days. The week ended with the cryptocurrency dropping to $26.69 in the demand area.

The new week began opened at $27.69 with a brief retest at the broken demand area as price rose to $27.97. These confirmed the correction and resumption of the bearish momentum in the long-term.

Price is below the two EMA crossover and the signal of the stochastic oscillator points down at 48%. This suggests downward momentum in price in the new week with target initially at $24.00 in the demand area.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez Mustapha

The War on Bitcoin is Starting, And Embracing Real Struggles to Happen is Smartest Thing To Do

  • Bitcoin is growing in popularity around the world.
  • As regulators examine Bitcoin, stronger regulations could easily become strict bans on cryptocurrency.

Bitcoin has been working to expand its reach across the globe since it was originally launched, which it seems to be doing quite well. However, by placing itself in this position, it has now reached a point when it is a political subject in nearly every part of the world. From tweets by the President about it to discussions in Congress, Bitcoin is in the public’s sights.

As the Federal Reserve urges caution against the industry, and the Treasury Secretary expresses the belief that cryptocurrencies could ultimately be a threat to national security, investors don’t seem deterred. Some countries are trying to stop the use of cryptocurrency with a ban on Bitcoin (like India), while others try to create their own cryptocurrencies (like China).

According to a theory by Eric Voskuil, there’s four phases that Bitcoin will ultimately go through with the regulators and states, which are:

  1. Honeymoon
  2. Black Market
  3. Competition
  4. Surrender

Right now, it is clear that the United States is still in the honeymoon stage, which means that the governments aren’t fully outlawing Bitcoin yet. However, they are putting regulatory pressure on any companies that are presently involved in the crypto environment. As Voskuil states, this phase “is characterized by a desire of state agencies to retail regulatory control.” A perfect example of this process taking place is with the BitLicense in New York.

New, Bitcoin should enter the Black Market phase, during which time the governments will outlaw Bitcoin transactions and the mining of Bitcoin. In many countries of the world, this stage is already taking place, due to worries that the monopoly on fiat currency is being threatened in that stage. One of the latest countries to enter this stage is India, as the regulators have already proposed a complete ban that would criminalize the digital possession, mining, and transacting of Bitcoin.

Voskuil explained that, during this phase, it is possible that other states will end up issuing their own digital currency, which “may coincide with the adoption of official new money, i.e. Fedcoin.” An article by CCN points out how close this is to a proposal in India for a “digital rupee” to be the only available form of legal tender. China, Russia, Iran, and Venezuela have all come out with their own cryptocurrencies that they are trying out as well.

The stages, according to Voskuil, can overlap, and each region of the world is at a different place. However, if the states end up working together to eradicate cryptocurrency, the situation could get worse, creating a worldwide “war on Bitcoin.” While this would be a worst-case scenario, Bitcoin users should still take note.

As far as the reality of whether this “war” could happen, Nic Carter, co-founder of and partner of Castle Island Ventures, explained that it is likely that the United States will implement stricter regulations, rather than a full ban.

The next few years will be a very big deal for Bitcoin’s future. Governments will soon realize that Bitcoin isn’t going anywhere, which leaves them with a decision – to fight back or regulate.

To read the full theory by Voskuil, visit Github.

Presently, a single Bitcoin is worth $9,494.12, dropping by over 6% in the last 24 hours.

All of Today’s Bitcoin Price Analysis, Chart Forecasts and Industry News

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Author: Krystle M

Is the ‘King of the Geeks’ the Creator of Bitcoin? The Argument About Linus Torvalds


Is The ‘King Of The Geeks’ The Creator Of Bitcoin? The Argument About Linus Torvalds

A dramatic over extension in the volume of lending, the integration of sub-prime mortgages and other toxic assets into Mortgage Backed Securities (MBS’) were not components that came up as a surprise during the recession of 2008. On May 3rd, 2007, these rumors emerged as just some of the concerns, and used as a reason for why the digital asset – Bitcoin – should be seen as a truly breakthrough invention. Bringing digitalized cash to the broader public.

The man, giving this talk was none other than the ‘King of the Geeks,’ Linus Torvalds. He has since managed to gain a couple of other nicknames like ‘The godfather of the ope-source movement,’ even being considered ‘one of the revolutionary heroes of the past 60 years.’ In context, what was he actually talking about? He was, in fact, presenting his own solution known as Git.

This refers to a system which would allow for the wholly decentralized collaborative solution, giving users the ability to share code through replicating file copies into all ‘computers’ that are interested in the information.  These same users would then be updated whenever the code changes.

One of the ways that we could define Git is almost as a highly mutable blockchain – considering that it stands as a version control system, operating on a structure that is interestingly similar to a Merkle Tree, a now commonly used Layer-2 solution by Blockchains like Bitcoin.

“Let’s say there’s a humongous tree under Git, would it be possible to check part of the tree?”

This is one of the questions that was asked by a member of the crowd.

Torvalds replies with gusto, complimenting the audience member for the question. Before going on to explain it further, asking why you wouldn’t want just one specific file, but an entire repository of files. Along with how the former would have a certain amount of issues with scalability. All before elaborating on just how Git operates in a highly efficient manner.

One of the questions that does come up is this one – is this where the concept of Bitcoin began?

Linus Torvalds – King Of The Geeks And The Shy?

“Based on my own calculations from Tip4Commit’s publicly available tip data for the Linux project, Torvalds had earned at least 0.172 bitcoin.”

This is according to the ITWorld team all the way back in 2014.

It’s interesting to consider the fact that this same amount of BTC would be worth a little more than $2,000, an impressive amount of maturity. Torvalds does happen to be pretty rich himself. Having a net worth of more than 150 million dollars.

One of the reasons that Torvalds has managed to rack up this amount of capital is thanks to the shares he accrued in Red Hat Linux. These shares were allegedly given to him as thanks for creating the open-source OS that has since exploded into an operating system that helps run a large amount of the world.

Beginning his ‘career’ as one of the radicals on campus, Torvalds belongs to an innovative and radical generation that came to the forefront of technology with the introduction of computers during the 70s and 80s.

This means that Torvalds belongs to the same brood of intellectuals including Steve Jobs, Bill Gates and other, lesser-known innovators like Richard Stallman, Torvalds can effectively be thanked or condemned for what we see from the internet in this day and age.

He is a seriously major figure in the field of computer science, and now that Jobs has departed, Torvalds is an even larger figure. But with this lineage of innovation, why has he spent almost his entire career and has not uttered a single word about Bitcoin?

There have been times when he was asked by email and sometimes via social media. He, of course, provided no response. There have clearly been more than a good number of people, many of whom have likely not received as a response either. Along with all of these enquiries, Google doesn’t seem to have a single quote on record that relates to Bitcoin coming from Torvalds.

When the article came out back in 2013/14, it would have otherwise been pretty well understood why. But years on and this silence says a lot more than words have.

Personifying A Paradox – The ‘Communist-Capitalist’

“By giving away his software, the Finnish programmer earned a place in history.

Linus Torvalds was just 21 when he changed the world. Working out of his family’s apartment in Helsinki in 1991, he wrote the kernel of a new computer operating system called Linux that he posted.


If anyone does and has demonstrated the skills needed in order to put together this kind of technology together and put it to use within an ecosystem that prevents the prospect of copying individual files, then it would be Torvalds.

Having answered that one mans question about the single file may have in fact sparked Torvalds interest in shifting direction to the matter of digital money. Made all the more critical a talking point considering the kind of economic issues going on in the background during the time of that talk.

According to some, with the formulation of Bitcoin by Satoshi Nakamoto back in 2007. It ultimately culminated in the piecing together of components that they were otherwise unable to stop thinking about.

Some of the comments that Nakamoto received regarding his code include individuals who say it looked like the creation of someone who was more effectively trained in ‘old’ practices and code languages. Other members of the community had otherwise referred to his temperament as being brash on many occasions.

“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.” – This is one of the quotes that a good number of community members can recall from memory.

These pieces fit together a little too perfectly. The sudden decision on Nakomoto’s part to go off the radar, which was explained initially by Nakamoto as having moved on to other projects less than a year after successfully launching Bitcoin. It all seems to fit more effectively with someone who already has a considerable amount of fame and wealth behind them.

This gets us onto the subject of those millions of Bitcoin that Nakamoto locked away in a digital wallet all those years ago. What’s the actual purpose of holding them as opposed to putting them into circulation?

“I think I was named equally for Linus the Peanuts cartoon character.”

One of the other things that came to our attention was, Ash of Pikachu is allegedly better known in Japan as ‘Satoshi.’

There are plenty of hints out there that can be pieced together to construct an argument as to the real identity of Satoshi Nakamoto, yes. But they all inevitably end up being placed in the same space. As possible theories and brash speculation – little else gives them credence apart from coincidence or some kind of odd rationale.

As someone who was introduced to Stallmen before anyone was around, Nakamoto’s ability to remain private and otherwise unknown for all of this time, for Torvalds – this would have otherwise been pretty easy to accomplish.

I am reminded of this every time I see a commit hash [on Git]: bdd5fd74686bdee484227eb42d21190618a59ce4. That looks very similar to a blockchain address! I know that it is just common SHA encryption, but always feels like an eery coincidence to me.”

Torvalds, A Living Legend?

If ever this kind of evidence was placed in front of Torvalds, it’s likely that he would categorically deny it, or laugh and be slightly complimented by the comparison. But it’s likely that he’ll just keep an eye of silence, which indicates his own desire to reserve the option to confirm or deny.

That’s entirely up to him to decide to do. It may very well be the case that this is all just interesting speculation on the part of people doing the information scraping for this correlation. But if he is, in fact, the creator of Bitcoin, then his exit was probably a kind of accident on account of his already busy schedule of taking care of Linux.

Since it was first introduced, Bitcoin has taken on a whole life of its own, during this time, it’s cultivated its own range of ideologues, maximalists and hardcore advocates. If Torvald’s were connected to the Bitcoin ecosystem, he would possibly comment on how foolish it is to combat each other instead of pressing up against the politics of the time and focusing their energy on refining the technology.

“Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage to move in the opposite direction.”

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Author: James Fox