Litecoin – Wikipedia

Litecoin

Official Litecoin logo

Litecoin (LTC or ) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[citation needed] Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.[2] In technical details, litecoin is nearly identical to Bitcoin.

Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee and former Engineering Director at Coinbase.[2][3] The Litecoin network went live on October 13, 2011. It was a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[4]

In May 2017, Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness. Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zrich to San Francisco in under one second.

Litecoin is different in some ways from Bitcoin.

Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[6]

When it comes to Litecoin as a method of payment, in early days there was correlation to Bitcoin in terms of extended payment patterns. Although one might assume that payment patterns of Litecoin would converge to Bitcoin, it has been found that there is little correlation of the payment patterns of Litecoin vs Bitcoin today, and these patterns continue to diverge over time.[7]

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Litecoin - Wikipedia

Bitcoin, Litecoin, Ethereum: When They Move, They All Move …

usa one hundred dollar banknotes among the binary code background, crypto currency and internet ... [+] technology banking concept. Fintech or digital currencies.

After long weeks of mostly just going sideways, Bitcoin and its cryptocurrency friends finally made a move and it was upward. Definitely upward. Each one enjoyed a different gain percentage, but its clear that when the buying comes in, all of the big name cryptos participate in the fun.

Bitcoins daily price chart looks like this now:

Bitcoin daily price chart, 8 3 20.

After making the move up from the mid-March bottom and rallying significantly into May, the crypto stayed within in a narrowing price range for about 3 months. Lower highs and higher lows shows up as a classic flag pattern.

When the price finally closed above the top of the range, it took off on decent volume. Bitcoin seems to have peaked for now with that red bearish engulfing to kick off the month of August. It might take a while to catch its breath.

Bitcoins weekly chart looks like this:

Bitcoin weekly price chart, 8 3 20.

You can see that the rally from March, as bullish as it seems, has thus far failed to take out the April, 2019 high up there as marked with the horizontal red dotted line. Its likely to find serious resistance at that level where buyers gave up previously and handed momentum back to the sellers.

The other red dotted line connecting the March low with the June/July sideways low shows the dramatically upward quality of the move. A close or 2 below this trend line might be cause for concern.

Ethereums daily price chart looks like this:

Ethereum daily price chart, 8 3 20.

This crypto broke out of the summertime sideways action with more energy than Bitcoin, as you can see by the strong movement upward into August. Theres the classic flag pattern again.

Among technical analysts this used to be known as building cause although its been some time since Ive heard that phrase. The idea is that as price compresses in that narrowing range, when it finally breaks out of it, the move can be substantial. That seems to be the case here.

Ethereums weekly looks like this:

Ethereum weekly price chart, 8 3 20.

If you look closely, theres lots here. The first thing is: Ethereum is back above the 2019 high. So this is unlike Bitcoin which has yet to take out that level. From this standpoint, it could be said that this is the stronger crypto.

On the other hand, note that it has a long, long way to go before it can even approach the April/May 2018 high. One other item: Ethereum has moved back above its Ichimoku cloud which had been downtrending since the beginning of 2018.

Litecoins daily price chart looks like this:

Litecoin daily price chart, 8 3 20.

Its the same basic pattern as the other 2: the range in price from April to July is a little wider but its still compression. The flag pattern breaks out upward during the last days of July and boom Litecoin is higher than the late April peak and on decent volume. Its next to impossible to buy at lows, but if you could have and you had picked it up at the March low of 30, you would now be sitting on a double.

Litecoins weekly chart looks like this:

Litecoin weekly price chart, 8 3 20.

Its moving upward again but its not as strong as the other 2 cryptos. You can see that, even with the breakout on the daily chart, Litecoin remains well below the earlier-in-the-year high. Note also its inability, so far, to close above a declining Ichimoku cloud.

Of these 3 well-known, big name cryptocurrencies, its clear that while all had good moves, Ethereum managed to show a better looking price chart. Who knows if this will continue? Past performance does not guarantee future results, as you may have heard.

I do not hold positions in these investments.No recommendations are made one way or the other.If you're an investor, you'd want to look much deeper into each of these situations. You can lose money trading or investing in stocks and other instruments. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor.

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Bitcoin, Litecoin, Ethereum: When They Move, They All Move ...

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis August 6th, 2020 – Yahoo Finance

Litecoin

Litecoin rose by 2.29% on Wednesday. Reversing a 1.54% decline from Tuesday, Litecoin ended the day at $58.97.

It was a mixed start to the day. Litecoin fell to an early morning intraday low $56.73 before making a move.

Steering clear of the first major support level at $56.12, Litecoin rallied to a late intraday high $59.92.

Litecoin broke through the first major resistance level at $59.39 before falling back to end the day at $58 levels.

At the time of writing, Litecoin was down by 1.42% to $58.13. A bearish start to the day saw Litecoin fall from an early morning high $59.22 to a low $57.78.

Litecoin left the major support and resistance levels untested early in the day.

Litecoin would need to move through the $58.54 pivot to support a run at the first major resistance level at $60.35.

Support from the broader market would be needed, however, for Litecoin to break back through to $60 levels.

Barring another crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the $58.54 pivot would bring the first major support level at $57.16 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$55 levels. The second major support level at $55.35 should limit any downside.

First Major Support Level: $57.16

First Major Resistance Level: $60.35

23.6% FIB Retracement Level: $54

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen fell by 2.66% on Wednesday. Partially reversing a 5.51% rally from Tuesday, Stellars Lumen ended the day at $0.10760.

It was a bearish day. Stellars Lumen fell from an early morning intraday high $0.11134 to a late intraday low $0.10666.

Late in the day, the first major support level at $0.10670 limited the downside.

At the time of writing, Stellars Lumen was down by 0.65% to $0.10690. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.10768 before falling to a low $0.10574.

Stellars Lumen tested the first major support level at $0.10573 early on.

Stellars Lumen would need to move through the $0.10853 pivot to support a run at the first major resistance level at $0.11041.

Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.11 levels.

Story continues

Barring a broad-based crypto rally, the first major resistance level and Wednesdays high $0.11134 would likely limit any upside.

Failure to move through the $0.10853 pivot would bring the first major support level at $0.10573 back into play.

Barring another extended crypto sell-off, however, Stellars Lumen should steer of sub-$0.10 levels. The second major support level at $0.10385 should limit any downside.

First Major Support Level: $0.10573

First Major Resistance Level: $0.11041

23.6% FIB Retracement Level: $0.09960

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX fell by 0.68% on Wednesday. Partially reversing a 2.35% gain from Tuesday, Trons TRX ended the day at $0.020309.

It was a mixed start to the day. Trons TRX fell to an early morning low $0.020112 before striking a late morning intraday high $0.020649.

Falling short of the first major resistance level at $0.02072, Trons TRX slid to a late intraday low $0.019991.

Finding support at the first major support level at $0.01997, Trons TRX recovered to $0.020 levels to limit the loss.

At the time of writing, Trons TRX was down by 1.89% to $0.019926. A bearish start to the day saw Trons TRX fall from an early morning high $0.020316 to a low $0.019926.

Trons TRX fell through the first major support level at $0.01996 early on.

Trons TRX would need to move through the first major support level and the $0.02034 pivot level to support a run at the first major resistance level at $0.02068.

Support from the broader market would be needed, however, for Trons TRX to break back through to $0.020 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the first major support level would bring the second major support level at $0.01962 into play.

Barring another extended crypto sell-off, however, Trons TRX should avoid a return to sub-$0.019 levels on the day. The third major support level sits at $0.01889.

First Major Support Level: $0.01996

First Major Resistance Level: $0.02068

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis August 6th, 2020 - Yahoo Finance

2 Ledger Nano exploits reported in single week – CoinGeek

A major vulnerability in Ledgers software has been publicly disclosed by Liquality developer Mohammed Nokhbeh. According to Nokhbeh, there is a vulnerability in Ledgers software that takes BTC out of a users wallet when they trying to make a transaction with any of the Bitcoin hard forks.

It was discovered that for BTC and Bitcoin forks, the device exposes its functions for any of the assets, said Nokhbeh. In other words, having unlocked the Litecoin app, you will receive a confirmation request for a BTC transfer while the interface presents it as a transfer of Litecoins to a Litecoin address. Accepting the confirmation produces a fully valid signed BTC (mainnet) transaction.

The public disclosure comes less than a week after it was discovered that Ledger had been the victim of a breach in which 1 million customer email addresses as well as the first and last name, postal address, phone number, and ordered products of 9,500 customers was compromised.

Ledger knew about the vulnerability

Nokhbeh said Ledger knew about this vulnerability for more than a year but declined to fix it. Nokhbeh first made Ledger aware of the issue in January 2019 when he submitted a detailed report of the attack vector to Ledgers bounty program. However, Nokhbeh says he quickly learned that they [Ledger] werent motivated to see this issue to completion. After going back and forth with the company for over a year, often following up with Ledger only for them not to respond, the 90 day disclosure period finally came to an end, and Nokhbeh publicly disclosed the vulnerability on his own website.

What will Ledger do?

Shortly after Nokhbeh published his public disclosure, Ledger quickly updated their software to eliminate the attack vector. In addition, Ledger made an announcement on their site acknowledging the software update, and made a weak attempt to explain why it took them so long to update their software, saying that:

The reporter (Nokhbeh) sent Twitter DM messages that were missed by most of the security engineers. Indeed, the [emailprotected] email address is the only way to reach the whole security team.

New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.

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2 Ledger Nano exploits reported in single week - CoinGeek

Research report covers the Litecoin Trading Market share and Growth, 2019-2026 – eRealty Express

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Research report covers the Litecoin Trading Market share and Growth, 2019-2026 - eRealty Express

Impact of Covid-19 on Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market Overview with Qualitative analysis, Competitive landscape & Forecast 2027…

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Impact of Covid-19 on Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market Overview with Qualitative analysis, Competitive landscape & Forecast 2027...

Aircraft Nano Coating Market is expected to pick up in healthy CAGR by 2020-2025 Top companies | AnCatt, Applied Thin Films, FlightShield, Glonatech,…

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1933 Industries Partners with Five Star Extracts for the Production of its Exclusive Cannabis Products in Nevada – PRNewswire

VANCOUVER, BC, Aug. 6, 2020 /PRNewswire/ - 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE: TGIF) (OTCQX: TGIFF), a vertically-integrated cannabis consumer packaged goods company, is pleased to announce the addition of top brand Five Star Extracts to its select roster of licensed partners in Nevada. The Company's subsidiary, Alternative Medicine Association LC ("AMA"), signed a licensing agreement with California-based Five Star Group, LLC, ("Five Star Extracts" or "Five Star") for the cultivation, manufacture and sale of Five Star Extracts branded products in Nevada for a one-year term.

The Company's newest partnership reaffirms AMA's position as a top producer of cannabis concentrates in Nevada. AMA's expertise in the field has been developed over several years as one of the first cultivation and production licensees in the state. AMA will manufacture Five Star products, including its exclusive flavored Double Shot line and flavored cannabis tinctures. Under the licensing agreement, AMA will manufacture, distribute and sell the licensed products, ensuring compliance with Nevada regulations as well as third-party laboratory testing and certification. The licensed products have already received the approval from the newly formed State of Nevada Cannabis Compliance Board (CCB).

Five Star Extracts are some of the highest quality THC products in the market. Five Star follows strict proprietary extraction procedures to achieve clarity and potency for a smooth cannabis product that stands above the rest. "We are excited to work with a team who shares the same high standards, passion and pride for crafting top quality cannabis products," stated Mr. Jordan Stroum, Director of Sales for 1933 Industries' brands and brand partners. "Five Star brings a differentiated approach to their product offerings with an innovative suite of products that are easy to consume, discreet and can be taken on the go. The Double Shot line is a fast-acting beverage containing 20mg of THC in a variety of flavors and their cannabis-infused tincture beverage enhancers with mix and match flavours are unique to our brand offerings. We are excited to assist Five Star grow its brand in Nevada."

Mr. Jason Winkler, CEO & Co-Founder of Five Star Extracts, stated, "Five Star is very excited to expand the brands footprint in additionalstates with trusted and like-minded partners such as 1933. We are looking forward to having our Five Star quality product lineup and executing the same marketing initiatives wepride ourselveson within Nevada."

About 1933 Industries Inc.

1933 Industries is a vertically-integrated, growth-orientated company, focusing on the cultivation and manufacturing of cannabis consumer branded goods in a wide range of product formats. Operating through two subsidiaries, the Company controls all aspects of the value chain with cultivation, extraction, processing, and manufacturing assets supporting its diversified portfolio of cannabis brands and licensing partners.

Our award-winning proprietary portfolio of brands include: AMA flower and AMA concentrates,as well as CBD-infusedCanna Hemp, Canna Hemp X, Canna Fused, and hemp-specificproducts. Partners under licensing agreements include:Birdhouse Skateboards,Blonde Cannabis, Bloom, Denver Dab Co., Five Star Extracts, Grizzly Griptape, The Pantry Company, PLUGplay, and The Original Jack Herer.

The Company owns 91% of Alternative Medicine Association, LC (AMA), and 100% of Infused MFG LLC.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on http://www.sedar.com. 1933 Industries undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE 1933 Industries Inc.

https://1933industries.com/

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1933 Industries Partners with Five Star Extracts for the Production of its Exclusive Cannabis Products in Nevada - PRNewswire

1933 Industries Grants Incentive Stock Options – Yahoo Finance

VANCOUVER, BC / ACCESSWIRE / August 7, 2020 / 1933 Industries Inc. (the "Company" or "1933 Industries") (CSE:TGIF)(OTCQX:TGIFF), a vertically-integrated cannabis consumer packaged goods company, announces the grant of 9,200,000 incentive stock options to its directors, officers, consultants and/or employees pursuant to the Company's stock option plan. The options are exercisable for a period of five years at a price of $0.075 per share and will be subject to certain vesting restrictions.

The Company also announces that recently, approx. 6,600,000 options expired unexercised in accordance with the terms of its stock option plan.

About 1933 Industries Inc.

1933 Industries is a vertically-integrated, growth-orientated company, focusing on the cultivation and manufacturing of cannabis consumer branded goods in a wide range of product formats. Operating through two subsidiaries, the Company controls all aspects of the value chain with cultivation, extraction, processing, and manufacturing assets supporting its diversified portfolio of cannabis brands and licensing partners.

Our award-winning proprietary portfolio of brands include: AMA flower and AMA concentrates, as well as CBD-infused Canna Hemp, Canna Hemp X, Canna Fused, and hemp-specific products. Partners under licensing agreements include: Birdhouse Skateboards, Blonde Cannabis, Bloom, Denver Dab Co., Five Star Extracts, Grizzly Griptape, The Pantry Company, PLUGplay, and The Original Jack Herer.

The Company owns 91% of Alternative Medicine Association, LC (AMA), and 100% of Infused MFG LLC.

For further information please contact:

Alexia Helgason, VP, IR and Corporate Communications604-674-4756 (ext. 1)alexia@1933industries.comPaul Rosen, CEO604-674-4756 (ext. 1)

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on http://www.sedar.com. 1933 Industries undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: 1933 Industries Inc.

View source version on accesswire.com: https://www.accesswire.com/600740/1933-Industries-Grants-Incentive-Stock-Options

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1933 Industries Grants Incentive Stock Options - Yahoo Finance

Does cannabis interact with other drugs? Greenway Magazine – Greenway

Cannabis is a Fairly Safe Substance

Cannabis is a plant and alternative medicine that is deemed as fairly safe by most people. While some cannabis users may experience side effects, the majority of educated experts agree that it is fairly safe and cannot kill a person. They elaborate that the deaths attributed to cannabis use are likely due to other factors such as other drugs, lifestyle choices, etc. Cannabis can also be used for a wide variety of ailments like chronic pain, as an anti-nausea remedy, and a sleep aid.

With that being said, cannabis interacts with the same parts of our bodies that other medications do, and therefore drug interactions with other prescription medications can and do occur. It is important for medical marijuana patients to do their due diligence when it comes to their health, and consult with a physician that is educated about both cannabis and the prescription medications they are on.

The good news is the interaction is usually minimal and is dose-dependent, said Dr. Jason Sims of the Higher Care Clinic. For cannabis to interact with other medications it usually has to go through digestion (ie. Edibles). Cannabis is processed in the liver in the same place as some medications and it is there that interactions can occur. The most common interaction is that with Warfarin, an anticoagulant drug, Cannabis use with warfarin can cause an increase in a patients INR (International Normalized Ratio). Thus, thinning the blood, which can cause an increased risk of bleeding.

Dr. Mimi Vo of MoCannaMD said drug interactions occur when two or more drugs react with one another due to cannabis metabolism by the Cytochrome P450 enzyme system, which also is responsible for the metabolism of several other commonly used medications. This drug-drug interaction may cause your drug to be less effective, increase the chances of unexpected side effects, or increase the actions of certain drugs. Some drug interactions can be very dangerous, for example, warfarin, a blood thinner, has been shown to increase the risk of bleeding due to increased concentration of warfarin in the bloodstream when combined with cannabis. Thus, it is very important to discuss Cannabis use with your physician as you may need monitoring of drug levels or dose adjustments of your medications.

A study exploring the interaction between cannabis and other drugs reads, Drug interactions may result from chemical reactions between different components or modifications by certain components of certain biochemical pathways involved in the action or metabolism of related drugs. Drug interactions can be affected by various factors including disease and patient conditions, as well as the nature of the compounds involved.

Dr. Vo acknowledged that patients need to be careful when taking the following medications and cannabis:

A side effect of cannabis can be drowsiness or dizziness. Adding it to other central nervous system depressants, such as alcohol and opioids, can potentially cause additional worsening of drowsiness and imbalance, putting one at increased risk of falls or trauma, Dr. Vo adds. Cannabis increases Opioids strength, effectiveness, and how long they last in the body, said Dr. Sims. They do not, however, increase risk of death due to opioid overdose and actually cause a lesser dose of the opioid medication to be more effective, thereby decreasing the risk of an opioid overdose.

Dr. Sims explained the difference between CBD and THC drug interactions and said that CBD alone poses less of a risk for an adverse drug interaction than THC. It is usually the THC that interacts with other prescription drugs. CBD usually has no interactions with other prescription medications. CBD in fact has been found to decrease withdrawal symptoms in patients coming off of addictive drugs.

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Does cannabis interact with other drugs? Greenway Magazine - Greenway

Alternative Medicines Market to Explore Emerging Trends of Coming Years – Owned

Alternative medicines include treatments other than allopathic. Alternative medicine treatments include systems with healing ability such as acupuncture, acupuncture, naturopathy, herbal remedies, and homeopathy. The medical profession does not regard these healing systems as orthodox treatment systems. Some of these treatments are accepted to be of value for certain conditions.

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Herbal medicines include drugs that are derived from plants. Herbal medicines are either used for therapeutic purpose, or as supplements to improve well-being or health. Herbal products are available as teas, extracts, powders, capsules, tablets, and others. These products are natural, hence considered to be safe. Herbal medicines have the ability to cure almost all the types of diseases.

Nutraceutical is a combination of the words nutrition and pharmaceutical. Nutraceutical medicines or products are fortified food or food products that provide supplementary diet and also help in prevention and treatment of diseases except anemia. Nutraceuticals are not regulated and tested to the extent of pharmaceutical drugs.

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These have the ability to treat diseases including ADHD, amyotrophic lateral sclerosis, anemia, sickle cell, anxiety, aphthous ulcer, carnitine deficiency, depression, dietary supplementation, dyspareunia, eye conditions, fibromyalgia, herbal supplementation, herpes simplex, herpes simplex, suppression, high cholesterol, Huntingtons disease, hypertriglyceridemia, insomnia, jet lag, muscle pain, nonalcoholic fatty liver disease, osteoarthritis, Parkinsons disease, peripheral neuropathy, premenstrual dysphoric disorder, rheumatoid arthritis, short bowel syndrome, and smoking cessation.

Probiotics are live yeasts and bacteria that benefit the health of individuals. These are referred as healthy, helpful, or good bacteria. An imbalance of natural yeasts or bacteria within the body has been associated with a range of indications including suppressed immune system, yeast infections, skin rashes, weight gain, diarrhea, and constipation.

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Probiotics may be taken orally to restore any imbalance in the normal urogenital or intestinal flora. These are available as contained naturally, or dietary supplements or added to foods such as kefir, sauerkraut, or yogurt. Increase in inclination toward safe and lesser side effects boosts the global alternative medicines market. Rise in side effects and adverse drug reactions due to usage of allopathic medicines drives the market. Surge in awareness about the benefits relating to alternative medicines is a key driver of the market. However, slow healing ability of alternative medicines restrains the market.

The global alternative medicines market can be segmented based on drug class, dosage form, disease indication, distribution channel, and region. In terms of drug class, the market can be categorized into herbal products, nutraceutical products, and probiotics. Based on dosage form, the global alternative medicines market can be classified into tablets, powder, syrup, capsules, teas, extracts, and others. In terms of disease indication, the market can be divided into ADHD, amyotrophic lateral sclerosis, anemia, sickle cell, anxiety, aphthous ulcer, carnitine deficiency, depression, dietary supplementation, dyspareunia, eye conditions, fibromyalgia, herbal supplementation, herpes simplex, herpes simplex, suppression, high cholesterol, Huntingtons disease, hypertriglyceridemia, insomnia, jet lag, muscle pain, nonalcoholic fatty liver disease, osteoarthritis, Parkinsons disease, peripheral neuropathy, premenstrual dysphoric disorder, rheumatoid arthritis, short bowel syndrome, smoking cessation, and others. Based on distribution channel, the global alternative medicines market can be categorized into online pharmacies, retail pharmacies, and hospital pharmacies.

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Geographically, the global alternative medicines market can be segmented into Latin America, Asia Pacific, Europe, North America, and Middle East & Africa. North America held the largest market share in 2016 due to extensive awareness and acceptance by the large population in the region. Europe held the second largest market share in 2016 owing to increased awareness and sale of alternative medicines in drug stores. The global alternative medicines market in Asia Pacific is projected to grow at a rapid pace during the forecast period from 2017 to 2025. The market in Middle East & Africa and Latin America are expected to witness moderated growth during the forecast period due to rise in demand for food supplements and natural health.

Key players in the global alternative medicines market include Dr. Willmar Schwabe India Pvt. Ltd., GUNA S.p.a., BIORON GmbH, Ainsworth, Inc., Kanak Drishti Infotech Pvt. Ltd., and Random Beauty, Inc.

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We Can’t Prevent Another Pandemic Without Stopping the Infodemic – Mother Jones

For indispensable reporting on the coronavirus crisis and more, subscribe to Mother Jones' newsletters.

As the world grapples with the devastation of thecoronavirus, one thing is clear: The United States simply wasnt prepared. Despite repeated warnings from infectious disease experts over the years, we lacked essential beds, equipment, and medication; public health advice was confusing, and our leadership offered no clear direction while sidelining credible health professionals and institutions.Infectious disease experts agree that its only a matter of time before the next pandemic hits, and that could be even more deadly. So how do we fix what COVID has shown was broken? In thisMother Jonesseries, were asking experts from a wide range of disciplines one question: What are the most important steps we can take to make sure were better prepared next time around?

Back in March, as epidemiologists and front-line nurses scrambled to track and treat the spread of COVID-19, health expert Timothy Caulfield was already sounding the alarm about its sinister twin: the infodemic, or the spread of misinformation about the virus. The tsunami of misleading noise flowing from this infodemic has resulted in deaths, financial loss, property damage, and heightened stigma and discrimination, he later wrote. It has also facilitated an erosion of trust in key institutions and added to the already chaotic information environment. Caulfield is a professor of law at University of Albertas School of Public Health, and the research director of its Health Law Institute, where hes launched multiple studies on the intersection of misinformation, the Internet, and public health, and hes helped craft guides on battling the spread of bad information. Hes also the host of the show A Users Guide to Cheating Death, in which he debunks popular health trends that are based on pseudoscience. And hes the author of several books, including Is Gwyneth Paltrow Wrong About Everything? I asked him about what we can do to address COVIDs parallel plague.

On how misinformation is spreading during the pandemic: Ive been following the spread of misinformation as part of my career for decades. And I havent seen anything like this before. It really is incredible. Theres misinformation spreading about every aspect of the pandemic, from its source: People are saying its a bio-weapon (not true); that its caused by 5G technology (not true). To crazy cures: The idea that you can cure it with cow urine, with bleach (not true). The idea that you can boost your immune system, which has become a huge industry.

In the early days the problem was just misinformation. Now every topic, whether it is masks, hydroxychloroquine, or physical distancing, has become a polarized issue. Thats made it more difficult to battle the misinformation. And layer on top of that, all of the controversies that have been associated with the science being done. For example, the recently retracted hydroxychloroquine study that was in The Lancet. It was a study that got a lot of play in the media, and it had an almost immediate impact on clinical trials. And then it gets retracted. Thats problematic, both because its just bad for science, but its also really, really bad for public trust.

Its incredible the degree to which social media has played a role here. Thats always been the caseweve done studies around for example, vaccination hesitancy and how vaccination misinformation is spread. But here, it really has dominated the spread of misinformation. And of course, that means thats also where we need to battle it. We have a study thats out for peer review right now, where we looked at over 200 websites, pretending we are someone searching, on Google or Bing or whatever, immune boosting. On 85 percent of those websites, immune-boosting is portrayed as if its an effective way to fight COVID-19. When the whole concept of immune boosting is scientifically questionable, its really grim when you see those kinds of numbers. And only 10 percent of the websites had any kind of critical critique of immune boosting at all. On Instagram, its pictures, its images, its a lot of influencers with lifestyle brands. And theres very little room for scientifically nuanced portrayal. So things are presented in the way as if efficacy is taken for granted. I personally looked at hundreds of postings about immune boosting, and I didnt see a single, scientifically accurate portrayal of the concept.

And so were looking at all those those generators of misinformation. And then were also working with other researchers doing empirical research on how people respond to that misinformation, and why people spread misinformation. And then, of course, what we want to do is develop some strategies. And weve already done some of that and provided recommendations.

On the individual power to stop bad information from spreading: Its one of those one of those social problems that is going to require us to come at it from every angle, right? Were going to need governments to take action. Were going to need regulators like the FDA and the FTC to step up and do more. Were going to need health professional organizations to make sure their members are not spreading misinformation. Were going to need stronger truth in our advertising laws to make sure that people arent leveraging the fear of the pandemic to sell therapies. Were also going to have toand this is a big onefigure out ways to get the social media platforms to take action.

But perhaps the most important thing, and evidence backs this up: We need individuals to take action. Theres really interesting research that suggests the spread of misinformation is largely a bottom-up phenomenon. These are people sharing this information on Facebook and Twitter. On Instagram. We have to develop strategies and encourage people not to do that. If you can just nudge people to think about accuracy, to embrace accuracy, before they share, we can have an impact on the spread of misinformation. It sounds ridiculously simple. But there are a couple of studies to back that up. And then we need to counter misinformation when we see it, with good information. So if you see misinformation, respond with trusted sources of information that use nice, authentic language (I know its hard not to be snarky, Im snarky online a lot). And then use a creative communication strategy; people respond to stories, art, humor. And lastly, make sure that the general publicnot the hardcore denieris the audience. Youre never going to change the minds of those hardcore deniers. Always aim for the general public.

On how science literacy is key to preventing pandemics, and in fostering trust: I think its something that should be taught as early asand I know that sounds ridiculousbut as early as kindergarten, and it should be taught throughout middle school and through high school and all the way through university regardless discipline. It allows people to be more critical consumers of the news, more critical consumers of social media. And the other important aspect is, teaching science literacy also allows people to understand the scientific process better. It allows people to understand that science is not a list of facts. You know, science is not a person. Science is not an institution. Science is not an industry. Science is a process. It evolves, and public health officials do their best with the evolving science to make a decision. And Im hopeful that if more people understood how science operates, they might be more forgiving of how science policy is made. And more critical of what theyre seeing on social media, in the news media, and in popular culture more broadly.

Having said all that, I think its important to recognize that the other thing we want to do with misinformation is listen and learn, you know, why are people being attracted to misinformation? What are their concerns? Its not just trying to get people to be more scientifically literate, its also about trying to understand whats attracting people to this information. Part of that is a breakdown in trust. I get a lot of hate mail. And regardless of the topic, whether its homeopathy, GMOs, alternative medicine, COVID, its almost always the same. They start with telling me what an idiot I am, probably a few swear words in there, but the very next paragraph is about trust. I cant trust the science. I cant trust the system. So I think that understanding what it takes to be a trustworthy institution; creating trustworthy science; and communicating in a trustworthy manner, is going to be incredibly important. I hope thats one of the lessons we get from this current crisis.

The United States is in a really tough spot, because in many countries, Canada included, the citizens do have a higher level of trust in their government, in their health care system, and in their public health authority. That does make it easier in a public health crisis. There are institutions, including the pharmaceutical industry, including the biomedical research world, that have had bad actors and that have created legitimate situations that people can point to and legitimately say, there are reasons I shouldnt trust you. And so I think we need to remember that when were trying to fight misinformation.

And I think that we need to make sure that the scientific house is in order. Weve seen science has been rushed. Recently weve seen important science retracted in prominent journals. Without good science were never going to win the fight against misinformation.

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We Can't Prevent Another Pandemic Without Stopping the Infodemic - Mother Jones

Seasteading – Would you move? | The Hearty Soul

Posted on: June 24, 2020 at 3:28 pm

With global warming becoming an increasingly urgent problem and much of the world having been under lockdown for months due to the coronavirus pandemic, many people are thinking about alternative ways of living in the future. This rocky period in human history has pushed forward the once very fringe idea of seasteading living out on the open ocean.

Just as it sounds, seasteading is living life out on the sea. Were not talking about living in a houseboat, however. No, seasteading is the building of floating homes and entire communities out on the open water. (1)

Chad Elwartowski, software engineer, bitcoin trader, and the current leader in the seasteading movement, began his second attempt at building one of these homes off the coast of Panama in May. The ultimate goal is to build entire independent cities out on the water, free from the confines of traditional government restrictions on movement the way land-dwelling nations are. The COVID-19 pandemic has bolstered the seasteading libretarian fringe group pushing for this new way of life.

Coronavirus is an opportunity to show the world that what were building is actually going to be very useful in the future, he said in a recent video. (1)

In April of 2019, Elwartowski and his girlfriend attempted to build and live in a seasteading home off the coast of Thailand, only to be chased out by the Thai government. The home was seen by the nation as a threat and the couple narrowly escaped being thrown in prison for life or worse. After a few weeks of fleeing Thai patrol boats, they eventually made it to Singapore. From there, they moved to Panama where they re-launched their company.

Groups like Seasteading have seen a surge in interest and support since the lockdowns began, as there are many conspiracists and people who believe the lockdowns are just a way for governments to have more control over their citizens.

This anti-government sentiment is what the Seasteading Institute was founded on in San Francisco back in 2008. Started by Google software engineer Patri Friedman and financially supported by PayPal founder Peter Thiel, the companys goal statement was:

to establish permanent, autonomous ocean communities to enable experimentation and innovation with diverse social, political, and legal systems (1)

Essentially, these Silicon Valley tech guys believed that governments and their regulations stifle innovation. They have dreams of building a society where that never happens. The citizens of these envisioned communities would have freedom of movement. If they didnt like the way one community was being governed, they could simply pack up and go move to another. No visas or any of the complexities involved with moving to another land country.

Read: Couple Lives Off The Grid After Spending 20-Years Building Self-Sustaining Floating Island

Theils donations only stretched so far, and Friedman only got so far as hosting a sort of river boat festival reminiscent of Burning Man. Though he has since moved towards focusing on land-based communities, the Seasteading helm has been taken up by Joe Quirk, who is an author and self-proclaimed seavangelist.

Quirk believes that water communities can help to heal all of humanity. He even wrote a book that talks of how floating cities can restore the environment, enrich the poor, cure the sick, and liberate humanity from politicians. (1)

In January 2017, however, after years of planning, feasibility studies, and government negotiations, he and his team reached an agreement with French Polynesia. They were to build their floating nation in the 5 million square kilometers of sea owned by the island country. There was a misunderstanding of purpose however and what each group would do for the other. The French Polynesian government was looking for them to address environmental concerns and the threat of rising sea levels. The Seasteading Institute was, of course, more interested in building a nation with complete autonomy.

The local people were not supportive of the project and eventually, it came to a halt. Marc Collins Chen, former minister of tourism of French Polynesia who founded the company Blue Frontiers along with Quirk, has since realized that these floating nations need to work with host countries more, and in order to have support, they need to pay taxes.

I realised that the real future for these sorts of projects has to be closer to cities, he explains. They have to be an extension of an existing citys infrastructure, they need to be run by the mayor, and they have to pay their taxes as opposed to being enclaves for the wealthy. (1)

Collins Chen has now moved to New York to build a new company focused on creating these floating cities, called Oceanix City. He believes that these floating cities could be a way to accommodate growth without disturbing the already struggling ecosystems on land. Using drag-and-drop building, you can add, move, and takeaway sections whenever you need. The cities could be powered by water and solar and essentially become self-sustaining.

Read: A community of voluntary anarchists is taking off-the-grid living to the next level

UN-Habitat, the sustainable development branch of the United Nations, hosted a discussion about the Oceanix City project in April 2019. Maimunah Mohd Sharif, UN-Habitat executive director, says that floating cities could be one of the potential solutions to current housing and climate issues facing countries around the world.

Actually having floating cities ready to live in is not something that will happen soon. Currently a factory where the citys structures will be built is under construction in Panama. The main feature of the factory will be a giant 3D printer that will print both the floating homes with underwater rooms wrapped in eco-restorative 3D printed coral reef. The cost will be between $200,000 and $800,000 per home.

Current CEO Grant Romundt says the focus is making homes that are a safe place for people to be during times such as the coronavirus pandemic.

They should be a safe place to escape to and be totally energy independent, with solar panels on the roof, water desalination on board, waste collection by drone, and aeroponic systems to grow your own food. (1)

He says they are building holiday homes that will be registered as boats under the Panama flag, but as time goes on he believes they will morph into actual real, independent cities. The best part, he claims, is that if these seasteads fail, the people can just disassemble and go away. It would be as if they were never there at all.

What do you think? Would you move to an independent floating nation?

Keep Reading: Pandemic Leads To Urban Exodus As Families Turn To Self-Reliance And Off-The-Grid Living

https://www.theguardian.com/environment/2020/jun/24/seasteading-a-vanity-project-for-the-rich-or-the-future-of-humanity

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Seasteading - Would you move? | The Hearty Soul

Seasteading – RationalWiki

I'm gonna go build my own theme park! With blackjack, and hookers!

Seasteading is the libertarian fantasy of attempting to establish a society on (or under) the sea. Given that a large swath of the oceans are international waters, outside the jurisdiction of any one country, some people see seasteading as the most viable possibility for creating new, autonomous states with their own pet political systems in place.

Given that international maritime law doesn't, as such, recognize ginormous boats or artificial islands as stateless enclaves or independent nations, diplomatic recognition, if the owners actually need it, is somewhat problematic.

Seasteading is inspired by real life examples of boat-based provision of services not legal in certain countries. Examples include casino boats (ships that, upon reaching international waters, open up their gambling facilities to passengers) and the organization Women on Waves, which provides abortion services in countries (such as Poland, Portugal and Spain) where abortion is illegal or in which the rules are stricter than they would prefer. Another example is pirate radio stations, which got their name from the fact that many of them operated from boats in international waters.

Several seasteading projects have been started; only two have ever been completed (three if you count Sealand and its 'Prince'), and the vast majority have never even really begun. It is quite possible that herding libertarians is difficult.

Some cryonicists are seasteaders, which implies truly remarkably compartmentalised thinking about the value of large, stable social structures.

As they age, some libertarians are realising that replacing government may be more work than they can personally achieve as actualised individuals.[2] Reason, of course, tells them not to stop thinking about tomorrow.[3]

There have been four seasteading projects that could be considered "successful" in any sense of the word.

The longest-lived and most successful was the "Republic of Minerva," an artificial island in the South Pacific constructed by real estate millionaire Michael J. Oliver and his Phoenix Foundation using dredged sand to expand the tiny Minerva Reef. The intention was to establish an agrarian anarcho-capitalist utopia; presumably the libertarian supermen would evolve past the need to drink, as there was no source of fresh water on the island (nor any land at high tide, at least initially). Minerva formally declared independence in 1972 and attempted to establish diplomatic relations with the surrounding nations, though it was mostly ignored. The small settlement lasted for approximately five months, until the government of Tonga sent a military expedition (along with a convict work detail, a brass band, and HRM King Taufaahau Tupou himself) to claim the island by force (or rather, re-claim it; the original reef had been considered a culturally important Tongan fishing region). In 1982 a second group of libertarians tried to reclaim the atoll but were again forced off by the Tongan military. Since then, the project collapsed, and the island has since been mostly reclaimed by the sea.

Unabashed, Oliver tried to funnel funds into various separatist groups and revolutionaries in the Bahamas and Vanuatu, but was met with extremely little success. Today, the Phoenix Foundation still chugs on, eyeing tiny islands like the Isle of Man and the Azores and grumbling to themselves.

Rose Island, officially the "Respubliko de la Insulo de la Rozoj" (Republic of the Island of Roses) was a 400-square-meter artificial platform in the Mediterranean founded by an Italian casino entrepreneur in 1968. It styled itself as a libertarian capitalist state with Esperanto as its official language, but was in fact little more than a tourist resort complex, and had virtually no space for permanent residents. The Italian government, seeing the project as nothing more than a ploy to avoid having to pay taxes on revenue from the resort, seized the platform with police a few weeks after it opened and destroyed it with explosives[4].

Operation Atlantis was an American attempt by Libertarian soap-magnate Werner K. Steifel to create an anarcho-capitalist utopia (noticing a trend here?) in the Bahamas by building a large ferro-cement ship, sailing it to its destination, anchoring it there and living on it. The boat was built, launched from New York in 1971, and (after capsizing once on the Hudson river and catching fire) taken to its final position in the Caribbean, where it was secured in place. Preparations were made for the residents to immigrate to their new floating city-state, but unfortunately for them it sank almost immediately.[5][note 1] After two more attempts and eventually pouring a lot of money into an island off the coast of Belize that he couldn't get autonomy for, the project collapsed.

The Principality of Sealand is a cute little boy in a sailor outfit with delusions of grandeur an abandoned British anti-aircraft platform of World War II vintage located in international waters east of the British Isles. In 1967 it was claimed and occupied by Paddy Roy Bates, the self-proclaimed "Prince Roy of Sealand" (29 August 1921 9 October 2012), former offshore pirate radio station operator, who also proclaimed his wife Joan Bates (2 September 1929 - 10 March 2016) "Princess Joan". The population of this nation has never been more than one can count on both hands; nonetheless, the Principality of Sealand was invaded and conquered in 1978 by a group of German and Dutch nationals (including the kidnapping of Prince Roy's son Michael) whose coup was promptly reversed by Prince Roy who hired a helicopter to help him retake the artificial island. To this day it's as close as anyone has ever come to a functioning seastead and that isn't really saying much.

An internet service provider, HavenCo.com, actually attempted to set up its servers on Sealand circa 2000 but the deal fell through when HavenCo's founder had a falling out with Prince Paddy Roy. In 2013, a HavenCo website has appeared, stating, "Havenco is launching new services in early 2013 to facilitate private communications and storage" and boasting "The next generation of online privacy coming soon!"

Prince Roy had listed the Principality of Sealand for sale, but since one cannot technically "sell" a monarchy, it was in actuality being offered for transfer of title or something along those lines.

Such is Sealand's reputation that the nation actually has athletes who represent the country, ships who have attempted to negotiate with Prince Paddy Roy to buy the right to flag their ships under the Sealand flag, the German hip hop group Fettes Brot shot the video for their 2013 track Echo at Sealand, and a phony-baloney outfit based in Germany selling counterfeit Sealand coins, stamps, and passports (not recognized by the de facto Sealand government of Prince Roy, who considers the outfit a criminal gang descended from the earlier coup attempt). It is an inspiration to micronation buffs who see it as an example of a successful micronation. However, Sealand has never been recognized by any other country as a sovereign nation (though a British court decision held that the U.K. had no sovereignty over it).

Sealand is depicted in the anime Hetalia: Axis Powers as a child in a sailor suit,[6] and in the webcomic Scandinavia and the World as a little boy wearing a crown and a t-shirt modeled after its national flag.[7]

Prince Roy died 9 October, 2012, leaving his son and heir, Michael Bates (who had been serving as Prince Regent Michael), as Sealand's Head of State, and the author of the Principality's historical book, Holding the Fort. The Prince is dead, long live the Prince!

Libertarians are hardly the only people to try and colonize the ocean. China, for instance, has used a version of seasteading in order to enforce its claims on the Spratly Islands, an archipelago in the South China Sea that's claimed in whole or in part by six nations (the PRC, the ROC, Vietnam, the Philippines, Malaysia, and Brunei). They've been hard at work using land reclamation to build artificial islands with airstrips, piers, harbors, and helipads, which they say are for military "and civilian" use.[8]

In the 1970s, relatively apolitical seasteading project was proposed for the North Sea, "Sea City", based on the idea that "Man is fast running out of living space."[9]

Eccentric right-wing entrepreneur Peter Thiel founded the Seasteading Institute in 2008 with the intent of building a floating city. In 2017 the Institute, by then Thiel-less, signed a deal with the government of French Polynesia, an autonomous territory of France in the south Pacific, but soon after French Polynesia reneged on the deal.[10][11]

In an effort to throw in as many libertarian buzzwords as possible into one news story, in 2019 bitcoin entrepreneur Chad Elwartowski attempted to set up a floating home in what he thought were international waters 26 km (14 nautical miles) off the west coast of Phuket, Thailand. He and his partner Supranee Thepdet planned to construct up to 20 homes, Chad calling himself "probably the freest person in the world". Unfortunately the Thai navy didn't agree with his interpretation of the law and boarded the floating home, pointing out it was in Thailand's exclusive economic zone and therefore a violation of Thai sovereignty, an offence potentially carrying the death penalty.[12]

The video game BioShock[13] features what is probably the best-known example of a seastead in popular culture both in form of the underwater city of Rapture and the flying city of Columbia. Spoiler: neither really panned out as intended.

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Seasteading - RationalWiki

Seasteading: How Floating Nations Will Restore the …

In these thought-provoking visions of the future (The Wall Street Journal), Joe Quirk and Patri Friedman of the Seasteading Institute explain how ocean cities can solve many of our environmental, technological, and civic problems, and introduce the visionaries and pioneers who are now making seasteading a reality.

Our planet has been suffering from serious environmental p

Our planet has been suffering from serious environmental problems and their social and political consequences. But imagine a vast new source of sustainable and renewable energy that would also bring more equitable economies. A previously untapped source of farming that could produce significant new sources of nutrition. Future societies where people could choose the communities they want to live in, free from the restrictions of conventional citizenship. This extraordinary vision of our near future as imagined in Seasteading attracted the powerful support of Silicon Valleys Peter Thieland it may be drawing close to reality. Facing growing environmental threats, French Polynesia has already signed on to build some of the worlds first seasteads.

Joe Quirk and Patri Friedman show us how cities built on floating platforms in the ocean will work, and they profile some of the visionaries who are implementing basic concepts of seasteading today. An entrepreneurs dream, these floating cities will become laboratories for innovation and creativity. Seasteading offers hope for a future when life on land has grown grim (Kirkus Reviews), proving the adage that yesterdays science fiction is tomorrows science fact.

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Seasteading: How Floating Nations Will Restore the ...

Five Years Since Launch, Is Ethereum Creating a New Boom? – Cointelegraph

The Ethereum network has just turned five years old. Although the project was first announced at the North American Bitcoin Conference in January 2014, its genesis block was only mined on July 30, 2015. Since then, Ether (ETH) has become the dominating altcoin in market capitalization, popularity and network value settlement, having even surpassed Bitcoin in the latter.

Ethereum was created with myriad possibilities in sight, allowing for smart contracts, powerful tokenization, complex decentralized applications and decentralized fundraising campaigns. The latter of these became extremely popular in 2017, as initial coin offerings took over the crypto space and amassed incredible gains for participants.

Ether became the primary funding mechanism for ICO projects. As said projects and their underlying ERC-20 tokens left the ICO stage, speculation for their tokens grew, and so did the price of Ether, whose price reached an all-time high of $1,412 on Jan. 10, 2018. Although currently far from that number, ETHs price reached a 2020 record of almost $357 on Aug. 1.

Although ICOs helped take the cryptosphere to new heights, the hype was short-lived, and the entire crypto market came crashing down at the start of 2018. Shortly before, the United States Securities and Exchange Commission had announced that ICOs were considered security offerings and began a crackdown to protect investors.

Now, some worry that Ethereum is heading down a similar path like in 2018 with the growth of DeFi. While regulatory oversight has pushed for improvements in the crypto ecosystem, in the short-term, it can have devastating consequences like the loss of funds for investors and lawsuits for the project operators.

While price speculation seems to be rampant, its largely known that decentralized finances actual financial impact and liquidity are rather insignificant. With Ethereum recently becoming the biggest blockchain in terms value settled, how much of this activity in Ether can actually be attributed to DeFi?

ConsenSys estimates that DeFi protocols collectively hit an all-time high of 3.3 million Ether locked in protocols in the second quarter of 2020. Messari has suggested that the Ethereum blockchain settles around $2.5 billion every day. When comparing DeFi to the actual crypto market, its also easy to see that DeFi is still but a drop in the ocean, smaller than the market cap of XRP and Bitcoin Cash (BCH), and it makes up only 1.5% of the entire cryptocurrency market.

DeFi sector vs. BCH and XRP - Market capitalization. Source: Messari

While funding rates for DeFi protocols are dwarfed by the 2017-era ICO-based funding campaigns, it could be concerning that a handful of DeFi tokens have rallied thousands of percent in a short period of time. For example, Aave (LEND) rose 7,300% from $0.0046 to $0.344, and Compounds (COMP) price quadrupled in its first week of trading in June. In fact, more than 10 other DeFi-related tokens have rallied by over 100% in 2020. While impressive, this still pales in comparison to the return on investment provided by ICOs in 2017.

While DeFi has reached milestones, such as $4 billion in locked funds, the sheer size of investment obtained by DeFi protocols is way smaller than what ICOs gathered. Still, Ethereum co-founder Vitalik Buterin seems worried that people may be underestimating the risks associated with these protocols, which have been exploited by hackers in the past.

While another bubble is not ideal, it may be an inevitable part of the current crypto innovation cycle. Projects and concepts are prone to be hyped out of proportion before more organic adoption and investment comes in. This is exactly what happened with ICOs, security token offerings, Bitcoin and altcoins. As the DeFi sector continues to rapidly expand, its biggest challenge may come in the form of future regulation, much like it did with ICOs.

While only time will tell if DeFi is seeing a bubble phase, there are certainly other reasons for why Ether is outperforming Bitcoin, like becoming the basis for stablecoin transfers. According to ETH Gas Station, Tether (USDT) is the biggest gas spender on the network and continues to grow. While Ethereum did overtake Bitcoin in network activity, it was mostly due to stablecoin transfers, which were themselves overwhelmingly fueled by inter-exchange settlements.

This year, positive steps like the issuance of real-life securities within the blockchain and $1 billion in Ether futures volume were also reached. These factors contributed to Ethereums growing adoption in these last five years, but they also point to a looming dead end when it comes to scalability and congestion. However, Ethereum 2.0 staking has finally begun testing, and this brings hope for a new and improved network.

Related: Ethereum 2.0 Likely to Affect DeFi and DApps With PoS Introduction

As time goes on, its likely that DeFi will continue to grow even if it does suffer some setbacks in the short term. This means that the Ethereum network will likely continue to ride on the back of that success.

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Five Years Since Launch, Is Ethereum Creating a New Boom? - Cointelegraph

EOS, Ethereum and Ripple’s XRP Daily Tech Analysis August 8th, 2020 – FX Empire

For the day ahead

Ethereum would need to move through the $380.40 pivot to support a run at the first major resistance level at $397.92.

Support from the broader market would be needed, however, for Ethereum to break back through to $390 levels.

Barring an extended crypto rally, the first major resistance level and Fridays high $398.57 should cap any upside.

Failure to move through the $380.40 pivot would bring the 38.2% FIB and the first major support level at $362.23 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$360 levels. The second major support level sits at $344.71.

First Major Support Level: $362.23

Pivot Level: $380.40

First Major Resistance Level: $397.92

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP slid by 2.87% on Friday. Following a 0.19% gain from Thursday, Ripples XRP ended the day at $0.29427.

A bullish start to the day saw Ripples XRP rally to a late morning intraday high $0.3100 before hitting reverse.

Ripples XRP came up against the first major resistance level at $0.3104 before sliding to a late afternoon intraday low $0.27742.

The reversal saw Ripples XRP fall through the first major support level at $0.2963 and the second major support level at $0.2897.

Late in the day, Ripples XRP briefly revisited $0.2963 levels before easing back into the deep red. The first major resistance level at $0.2963 pinned Ripples XRP back late in the day.

At the time of writing, Ripples XRP was down by 0.37% to $0.29317. A bearish start to the day saw Ripples XRP fall from an early morning high $0.29430 to a low $0.29219.

Ripples XRP left the major support and resistance levels untested early on.

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EOS, Ethereum and Ripple's XRP Daily Tech Analysis August 8th, 2020 - FX Empire

Bloomberg: Ethereums Rise is Speculative While Bitcoins Price Is Based on Fundamentals – Cointelegraph

In its August crypto outlook, Bloomberg remained unimpressed with Ethereum, calling its rally speculative. The publication contends, however, that Bitcoins (BTC) rise is based on solid ground:

Ethereum has extended last year's highs and leaped to one of the top-performing major crypto assets in 2020, but we view its rally as more speculative vs. the favorable demand vs. supply conditions supporting Bitcoin.

The report points out that Ethereum faces plenty of competition from similar crypto platforms and about 6,000 tradable coins. On the other hand, Bloomberg has remained consistently bullish about Bitcoin, noting its gold-like qualities and increased institutional demand.

The success of the DeFi space has led to the appreciation of Ether, with some comparing it to the ICO boom. As more smart contract platforms mature, competition will only get tougher. When it comes to the world of professional investors, Ether does not have a clear selling point like Bitcoins limited supply.

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Bloomberg: Ethereums Rise is Speculative While Bitcoins Price Is Based on Fundamentals - Cointelegraph

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin may extend the recovery once Gold resumes the rally – FXStreet

Bitcoin has been creeping higher towards $12,000, ETH struggles at $400, while some altcoins rush forward to new highs. Thus, Bitcoin Cash and Monero gained 10% in the recent 24 hours, while EOS increased by 6%. The total capitalization of all digital assets in circulation is registered at $359 billion, while an average daily trading volume is set at $91 billion.Meanwhile, gold retreated from the recent high and broke the longest bullish streak since 2006 despite the further escalation of US-China spat about Chinese-owned TikTok and WeChat apps. The U.S. residents will be prohibited by having business with these companies in 45 days from now as President Donald Trump signed executive orders to that effect.The precious metal gained over 35% since the start of the year, which is the biggest annual growth in more that forty years. Moreover, Bank of America analysts expect further gains after a short-lived correction. They believe that the price may hit $3,000 an ounce in 18 months.Once gold resumes the upside momentum, Bitcoin may follow the lead.

ETH/BTC settled at $0.0335 after a bearish correction from a recent high reached at at $0.03528. At the time of writing, the cross is changing hands at $0.0339, unchanged both on a day-to-day basis and since the beginning of Friday. The RSI on a daily chart stays flat on a border of overbought territory, which means that the cross may stay sidelined during the nearest sessions. The local support created by the previous recovery high of $0.03260 and the upper line of the weekly Bollinger Band at $0.03250. If it is cleared, the sell-off may be extended towards a psychological $0.0300. On the upside, once the recent high is cleared, $0.04000 will come into view.

Above the current price, the first resistance level is at 0.03500, then the second at 0.04000 and the third one at 0.0450.

Below the current price, the first support level is at 0.0325, then the second at 0.03100 and the third one at 0.0300.

Bitcoin extended the recovery jumped above $11,900 during early Asian hours. Once this local resistance is cleared, the upside will be extended towards psychological $12,000. A sustainable move above this area is needed for the upside to gain traction. The next resistance is created by the upper line of the daily Bollinger Band at $12,500. The coin has gained 1% in the recent 24 hours and stayed unchanged since the start of the day. A sustainable move above $12,000 will bring more bulls to the market and increase the chances that $13,000 is reached in the nearest future. Meanwhile, the RSI on a daily chart stays flat on the border of the overbought territory. It means that the price may spend some time in a range before the recovery is resumed.

Above the current price, the first resistance level is at $12,000, then the second at $12,500 and the third one at $13,000.

Below the current price, the first support level is at $11,350, then the second at $11,000 and the third one at $10,500.

ETH/USD stays in a tight range after several unsuccessful attempts to settle above $400.00. Once it is cleared, the recovery may be extended towards $415.00, which is the highest level of the recent bullish wave. Once this happens, the next resistance of $430 will come into focus. this barrier is reinforced by the upper line of the daily Bollinger Band. On the downside, the first support comes at $360. It is followed by the middle line of the daily Bollinger Band at $320.00 followed by $300.00.

Above the current price, the first resistance level is at $400, then the second at $430 and the third one at $500.

Below the current price, the first support level is at $360, then the second at $320 and the third one at $300.

XRP/USD extended the recovery and hit the intraday high of $0.3071. The next strong resistance comes at the psychological $0.3100. Once it is out of the way, the upside is likely to gain traction with the next focus on the recent high of $0.3250, followed by the upper line of the daily Bollinger Band at $0.3320. On the downside, $0.3000 is the key support for the con in the short run. It is likely to slo down the sell-off; however, once is is broken, the downside momentum may be extended to $0.2900 and $0.2840, which is the lowest level of the week.

Above the current price, the first resistance level is at $0.3100, then the second at $0.3250 and the third one at $0.3320.

Below the current price, the first level of support is at $0.3000, then the second at $0.2900 and the third one at $0.2840.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin may extend the recovery once Gold resumes the rally - FXStreet

Ethereum (ETH) Up $8.22 On 4 Hour Chart, Fares the Worst Out of Top Cryptos to Start the Day; But Still in an Uptrend Over Past 14 Days – CFDTrading

Ethereum 4 Hour Price Update

Updated August 08, 2020 11:18 AM GMT (07:18 AM EST)

Ethereum closed the previous 4 hours up 2.51% ($9.57); this denotes the 2nd candle in a row it has gone up. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!

Ethereum came into today down 3.92% ($15.5) from the open of yesterday, marking the 2nd day in a row a decrease has occurred. The price move occurred on stronger volume; specifically, yesterdays volume was up 59.66% from the day prior, and up 13.99% from the same day the week before. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during yesterday. Below is a daily price chart of Ethereum.

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereums price has gone up 10 of the previous 14 trading days.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Ethereum for the past day were:

@Narodism @musalbas @MPtherealMVP @NickSzabo4 So you dislike the aesthetics of some people in the ethereum community (btw Ive never done a burner party, LSD or a sex orgy) therefore ethereum has lost the plot? If I wanted to I could make similar caricatures about the whole rah rah Im manly because I eat steak thing.

I follow a lot of Bitcoin accounts and a lot of Ethereum accounts. Im noticing that currently Ethereum accounts are a bit stronger than Bitcoin accounts. More articulate, more well-versed with the other sides arguments, better at making the other side seem less knowledgeable.

My @discord account was suspended this morning because I sent too many private messages to people that wanted their @poapxyz to recall the @ethereum medalla testnet launch. Please help me making this visible to the discord support team so they know Im no spammer

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Ethereum (ETH) Up $8.22 On 4 Hour Chart, Fares the Worst Out of Top Cryptos to Start the Day; But Still in an Uptrend Over Past 14 Days - CFDTrading