Bitcoin as a Leading Global Hedge
More than a decade into its existence, Bitcoin is finally maturing into a full-blown stock market hedge amid continued trade war tensions.
At least, that's the conclusion of new research from crypto prime dealer SFOX, which indicates that Bitcoin and other major cryptocurrencies like Ethereum have developed a negative correlation with the S&P 500. This means that as the stock market bellwether index falls, the prices of the cryptocurrencies rise - and vice versa.
Here's more from the report: - All of these cryptoassets (BTC, ETH, BSV, LTC, BCH, ETC) were more negatively correlated with the S&P 500 than gold was
- Bitcoin was the only major cryptoasset with positive month-over-month returns as of August 5th, 2019
- Bitcoin dominance is at the highest level since April 2017
| | Report: Exchange Hacks Funded North Korean Nukes
North Korea has generated an estimated $2 billion for its weapons of mass destruction programs using "widespread and increasingly sophisticated" cyberattacks to steal from banks and cryptocurrency exchanges, according to a confidential U.N. report.
| | How "WEED-tirement" could double your retirement fund
With all the growth in the pot industry you can bet that more than a few people are getting rich.
But a small group of over 13,000 Americans are using a special strategy to collect payouts as high as $1,529.07 per month!
It's NOT some risky penny stock or an option investing strategy. In fact, it's THE safest way to get your money into the exploding pot industry.
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| | MIT-IBM AI Lab Analyzed 200,000 Bitcoin Transactions. Only 2% Were Labeled 'Illicit'
Researchers at the MIT-IBM Watson AI Lab used machine learning software to analyze 203,769 Bitcoin node transactions worth roughly $6 billion in total...
Their findings? Only 2% of the ~200,000 Bitcoin transactions in the data set were deemed illicit...
| | First Bitcoin, then Libra: Why Bitcoin Didn't Tank when Libra was Announced
When Facebook announced their digital currency, Libra, it was met with immediate resistance. But the pushback didn't come from where one might expect – the regulators. Here's why that's a GOOD thing... along with some thoughtful reminders on why BTC isn't going anywhere anytime soon.
| | Tipping with Brave
Although there's not an overwhelming amount of news to report this week, we still like to keep our pulse on some of the cooler project developments that often fly under-the-radar.
Here's the latest announcement from BAT. You can now directly tip Tweets you like with BAT through the Brave browser. So go on and tip those dedicated crypto maniacs we all love.
| | U.S. Lawmakers Are Realizing They Can't Ban Bitcoin
Those who have been longtime critics of Bitcoin usually have one key theory in common, which is that governments will eventually ban Bitcoin and crypto will then cease to exist in any meaningful form.
Well, here's some food for thought on why none of that is factual...
| | SEC to run Bitcoin, Ethereum, and XRP Nodes
The United States Securities and Exchanges Commission (SEC) is planning to run through contractors a bitcoin and an ethereum node, in addition to "as many as possible of the following blockchains: Bitcoin Cash, Stellar, Zcash, EOS, NEO, and XRP Ledger."
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