Crypto Liberate
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More evidence to the point that Bitcoin is can actual help tract down criminals better than cash, some of the Bitcoin from the pipeline ransomeware has been recovered. This raises the question though: “How did the FBI obtain the private keys?” https://www.coindesk.com/federal-officials-recover-bitcoin-ransom-from-colonial-pipeline-attack-cnn
Not only are companies investing their treasuries into Bitcoin and Crypto, but so too are Countries investing their sovereign wealth in Bitcoin. As more and more countries compete with each other to own Bitcoin, it could create a race to hold the future of money--even if countries find it prudent to hold Bitcoin only as a hedge (a what if scenario if you will) against Bitcoin becoming the global currency standard, such a race would send Bitcoin skyrocketing. Revolutionary: El Salvador On Its Way To Adopt Bitcoin As a Legal Tender https://cryptopotato.com/revolutionary-el-salvador-on-its-way-to-adopt-bitcoin-as-a-legal-tender/
Thank you Freeman for the link to the following article. It contains interesting information regarding how cryptocurrencies are taxed. Bitcoin crash opens door to a tax loophole for investors https://www.cnbc.com/2021/05/25/bitcoin-crash-opens-door-to-a-tax-loophole-for-investors.html
Does it even make sense that the FBI was able to retrieve the private keys through an exchange wallet by way of cooperation from an exchange? Exchange wallets are known to pose security risks since they hold the private keys. After over a decade, Bitcoin is still un-hacked when used peer-to-peer as it was designed to be used. But the question may still remain as to how did the FBI get the private keys: Did FBI Hack Private Keys to Bitcoin Wallet of Colonial Pipeline Hackers?https://coingape.com/did-fbi-hack-private-keys-to-bitcoin-wallet-of-colonial-pipeline-hackers/
Thank you Qortal team! Great article on Qortal--a grass roots project looking to bring Crypto back to its revolutionary roots: it's a democratic and decentralized blockchain, where everyone will have an equal share in the future direction of the project. The Qortal network is supported by "minters" who will share in the block reward and who can also level up based on contribution. The project is on the ground floor with a great development team and an excited community of believers. https://www.cryptoliberate.com/880-2/
Crypto Liberate pinned «Thank you Qortal team! Great article on Qortal--a grass roots project looking to bring Crypto back to its revolutionary roots: it's a democratic and decentralized blockchain, where everyone will have an equal share in the future direction of the project. The…»
"The road to serfdom consists of working exponentially harder for a currency growing exponentially weaker" - Michael Saylor
Included is an allocation of Bitcoin for the education of underserved entrepreneurship Square Completes $100M Investment in Underserved Communities https://apple.news/AZtJrjA8DREyE4Hk4ULVegA
The news is in and out of China over mining is about as fickle as Elon Musk's wavering of support over Bitcoin. Either way, China's exit from Bitcoin would only serve to help the network by decentralizing it away from authoritarian control. China’s Yunnan Province Did Not Order Miners to Shut Down, Despite Reports https://www.coindesk.com/chinas-yunnan-province-did-not-order-miners-to-shut-down-despite-reports
With 90% of miners agreeing to the protocol update, the Taproot upgrade for Bitcoin is locked in for November. Taproot will increase Bitcion privacy, help with scalability, and also lower transactions fees. Taproot is Here: Miners Lock In Bitcoin’s Biggest Upgrade in Years https://cryptopotato.com/taproot-is-here-miners-lock-in-bitcoins-biggest-upgrade-in-years/
For those of you interested in TA--looks like Bitcoin is showing some parallels to the Wycoff distribution model right now. The Wyckoff Method: A Tutorial https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method
This is positive for Bitcoin and Cryptocurrencies alike, too much regulation when we're are in the nascent stages of development will only block the creative forces behind crypto. With countries like El Salvador adopting Bitcoin as currency, US regulators should rethink and redefine their approach to Crypto--Crypto can't be melded inside a tidy box and classified strictly as an asset. Time will reveal more and more to world the capabilities of Crypto. Bitcoin Left Out Of SEC’s 2021 Regulatory Agenda https://zycrypto.com/bitcoin-left-out-of-secs-2021-regulatory-agenda/
More and more real estate is able to be purchased in Bitcoin. Luxury items and large transactions do not need a super fast network to conduct business, they mostly need a stable and secure network like Bitcoin. Houston office makes Bitcoin new payment method https://www.cryptopolitan.com/bitcoin-new-payment-method-in-an-office-in-houston/
Approval of an ETF (Exchange Traded Fund) would likely to be a great catalyst for BTC. Gary Gensler, the current head of the SEC, once taught an MIT class on blockchain and finance and could very well be the guy to get this done. SEC Delays VanEck Bitcoin ETF Application—Again https://decrypt.co/73817/sec-delays-vaneck-bitcoin-etf-application-again
Though the looming Bitcoin death cross is often a bearish indicator, it hasn't always played out that way in Crypto. As Michael Saylor has said, no one has lost money with Bitcoin as long as they held for 4 years. HODLing Bitcoin is kind of like voting with dollars. When you believe in asset, and you can see how it will make the world a better place--HODLing takes on a whole new dimension.Bitcoin Death Cross 2021 Is Here: The Reasons Why You Shouldn’t Be Worried https://cryptopotato.com/bitcoin-death-cross-2021-is-here-the-reasons-why-you-shouldnt-be-worried/