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The Impact of the COVID Pandemic on Global Economy and Bitcoin – BitBoy Crypto

The end of the global economic status quo might be approaching as the COVID-19 pandemic continues. What does this represent for Bitcoin in the Future?

To learn more about how the current pandemic affected the two biggest economic powers and its effect on Bitcoins value, make sure to click here.

John McAfee, one of the most recognizable names in the crypto world, predicted back in 2017 that Bitcoin would hit $1 million by 2020.

Although the actual outcome didnt match his predictions, its interesting to note that his logic didnt rely as much on Bitcoins value increasing as on the value of the dollar decreasing.

It is currently possible to observe a downtrend on the dollars value as the Chinese economy explodes, almost as if one was directly the consequence of the other. This is likely to be the case, given the economic conflict that has been taking place between the two countries.

Many experts believe that acquiring as much Bitcoin as possible could be the best way for crypto investors to prepare for the still-developing economic struggles caused by the pandemic.

With Covid-19 still making headlines in the news every day, it is possible to see that the pandemics effects have been far greater than anyone could have predicted. Wall Street and American companies were not ready for an event of this magnitude and the disruptions it caused in the American Economy.

However, while the United States presents political diversion and economic distress, China has grown stronger as an economic superpower by the hour.

Some sources indicate that Covid-19 could have emerged from a laboratory in Wuhan. Although not entirely confirmed, its believed that an animal with coronavirus bit a human in this lab, with the following infections taking place first in Wuhan and soon expanding to other countries.

This has resulted in theories that propose that the initial infection might not have been caused by an accident, given the quick recovery that China experienced and the positive effects it had on its economy.

China was set to overtake the United States economy over the next four years according to most predictions. However, many believe that a plan was orchestrated by the Chinese government to expedite their political and economical supremacy.

The existence of one superpower is a common trend in the worlds history and seems to repeat every few centuries with different countries taking the leading role.

Past eras saw the world ruled by the Roman Empire, then there were the British, followed by Germany in two different instances, and even the U.S.S.R created a dominant nation for itself.

The U.S. has no longer found itself competing with another nation when it comes to military or economic domination after successfully beating the U.S.S.R on the race that ensued after WW2.

That was until now, when China began to rise as a superpower by gaining international recognition, especially in the last year, transforming itself in the only challenger for the United States.

Although China was the epicenter of the pandemic, its economy has surprisingly improved throughout 2020 as its stock market stabilized and has been going up ever since, while 60% of American businesses that have closed might be permanent closures.

China is the second-biggest economy at this time and its expected for it to reach the same GDP as the U.S by the end of 2020. The next target is to surpass the U.S. dollar, which is the federal reserve currency of the world at this time as all countries must own U.S. dollars to do business.

The American government is devaluating its currency, unintentionally assisting the Chinese government, by increasing the issuing of dollars. As so, due to the dollars current loss of value and the growing inflation caused by mass printing, the United States is likely to fall behind if conditions don't change.

It is highly likely that Bitcoins value will skyrocket as demand by investors increases, asBitcoin has proven to be a successful hedge tool when it comes to shielding from drops in USDs value.

As such, a rise in the demand for Bitcoin would be tied to the American Dollars value, which in turn is tied to the American economy. This means that BTCs value will go up as the American Dollar drops.

If the predictions regarding the loss of the USDs position as the world reserve currency occurs, Bitcoins values will be even greater as investors around the world would prepare for the chaos and race that would follow by buying BTC.

Even if the theories about the Chinese government's involvement in the current pandemic are not true, China is still a waking dragon that will eventually devour the US if there are no immediate changes. In any case, the crypto market is waiting to act accordingly.

To learn more about this topic as well as Clintext, a project that aims to reduce healthcare costs using blockchain, make sure to watch Bitboys video bly scrolling up or clicking here.

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Extrapolating The Future of Cryptocurrency – hackernoon.com

@StealthEX.ioStealthEX.io

Crypto exchange platform. No need to register or enter personal data. More than 250 coins to swap.

Over the past decade, cryptocurrency has become a breaker of old approaches in monetary policy, finance, economics, and e-commerce. The speed at which the crypto industry is growing today is very impressive. The global cryptocurrency market volume is predicted to reach $1,758 million by 2027 with a compound annual growth rate of 11.2%.

More and more people are getting faced with the digital currency so the questions on the future of cryptocurrencies are becoming especially relevant today.So what is the future of cryptocurrency? In this article, well try to figure this out.

Predicting the crypto worlds future is impossible without knowing the current situation on the cryptocurrencies market.

What trends can we observe today?

The growth of digital currencies around the world allows making some predictions about the future of crypto market. Lets look ahead to the future and try to forecast the prospective trends in the crypto world development.

Bitcoins reign will not end

The first thing that worries many crypto holders is What will happen to Bitcoin?

The ups and downs of Bitcoins rate, rumors about the next hard fork, legalization in some countries, and prohibition in others all these kinds of news makes people guess what will come up with the most popular coin. Experts have different opinions from a complete drop in price to the status of the only currency in the world.

Most experts are leaning towards that Bitcoin will maintain its current positions and even strengthen them. For example, John McAfee, businessman and computer programmer, says:

You cant stop things like Bitcoin. Its like trying to stop gunpowder.

He also made a bet that if Bitcoin will not cost $500,000 by the end of December 2020 he will eat his ownwell, you know.

James Altucher, Americanhedge-fund manager,author,podcasterand entrepreneur, is not sure that BTC price will reach 1000000 USD:

Will it be a million dollars in 2020? Maybe. Will it be 2021? 2022? Who knows.

He also predicted that:

At least one countrys currency is likely to fail soon likely Argentina or Venezuela. This will lead to mass adoption of Bitcoin among that populace. That will in turn lead to Bitcoin rising by more than $50,000 when it happens.

And just a few days after this forecast, the Venezuelan President announced that they are planning to release national crypto called El Petro. Right now a lot of countries like China, Tunisia, Senegal, Sweden, Singapore, Uruguay, Thailand, Turkey, and Iran are also working on the creation of national cryptocurrency.

So what will happen to Bitcoin? No one knows. The only thing in which many experts agree is that Bitcoin will stay as a gold standard in the crypto world for a long time.

Cryptocurrencies will be mainstream

Cryptocurrencies is a fashionable investment and a sign of belonging to the special community this idea is actively promoted by various sports organizations, popular performers, public figures that release their own altcoins.

According to CoinMarketCap, there are already more than six thousand cryptocurrencies, and their total capitalization is $353 billion. A couple of years ago, the digital currency was almost unknown to anyone except geek developers and crypto enthusiasts. However, things are changing:prospects for businesses, rising prices, and strong community support will step by step make cryptocurrencies mainstream around the world.

Market volatility will not disappear

Cryptocurrencies are unstable by their nature, and their volatility is one of the reasons why someone becomes a millionaire and the others lose fortunes.

The strong volatility of crypto is caused by the fact that they are still at an early stage of development. Cryptocurrencies have huge growth potential if they can enter the mass market.

But every news about cryptocurrencies either hints at the possibility of markets going down or rising up. The volatility in the cryptocurrency markets will continue to be felt as the news affects the market, and it is only at the stage of rapid development.

The future of tradingdecentralized exchanges

In the near future, we will see a prime of decentralized exchanges. Many believe that DEXes is not yet ready for mass adoption. But there are factors for a favorable development of events.

First of all, centralized exchanges dont fit the purpose of cryptocurrencies cause the key advantage of digital coins is decentralization. In decentralized exchanges, transactions can be made directly between users (peer-to-peer) without the need for a trusted intermediary, which means there are no transaction fees for users.

On top of this, decentralized exchanges are much more secure against hackers as there no single point of failure like in centralized exchanges. Everyone knows the cases with Mt.Gox, Bitfinex, Coincheck when people lost millions and millions. The need for more security will lead users to decentralized exchanges.

The rise of crypto loans

Cryptocurrency is convenient to take on credit not long ago this idea seemed like a wild ride since the digital currency has high volatility. But today the popularity of lending in digital currencies is increasing and here are the main reasons:

Nowadays, the entire crypto loaning industry is estimated at $4.7 billion and the number of crypto loan platforms will continue growing.

Regulators gonna regulate

In the early days of cryptocurrencies history, traditional financial institutions sharply criticized crypto enthusiasts. The crypto market, however, has proven that it is sturdy against these kinds of attacks. Nowadays traditional institutions opinion regarding cryptocurrency is changing. In the future, stakeholders can have an increase in the flow of funds from Wall Street to cryptocurrencies.

There is no doubt that this will require more transparency and regulation in the crypto market. Today government and regulatory agencies around the world, including the U.S. Securities and Exchange Commission, Federal Bureau of Investigation, United States Department of Homeland Security, and the Financial Crimes Enforcement Network (and this is only within the US borders) are giving more and more attention to cryptocurrencies. The regulation of the crypto in different states is realizing in diverse ways: in some countries, it is legally recognized as a means of payment, in others its use is prohibited.

The G20 summit participants, following the discussions on cryptocurrencies, came to the conclusion that a complete prohibition of crypto will not solve anything as nowadays the digital currency plays a significant role in the economy. And if the digital currency cannot be prohibited, it must be regulated:

Technological innovations can deliver significant benefits to the financial system and the broader economy. While crypto-assets do not pose a threat to global financial stability at this point, we are closely monitoring developments and remain vigilant to existing and emerging risks.

As we can see the world is changing very quickly. The speed with which cryptocurrencies are integrating into the global financial system is a clear indicator that traditional financial institutions can no longer have a monopoly on the management of financial flows.

The year 2020 is the start of a new decade for the cryptocurrency industry. The next ten years will bring us key changes in traditional finance when blockchain and cryptocurrencies will become a daily thing in most countries of the world.

What are your thoughts on the future of cryptocurrencies? Tell us your ideas in the comments below.

The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Previously published at https://stealthex.io/blog/2020/09/15/is-cryptocurrency-really-the-future/

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Extrapolating The Future of Cryptocurrency - hackernoon.com

Tax Implications For Donations Of Bitcoin – Fintech Zoom

WAN CHAI, HONG KONG, HONG KONG ISLAND 2018/04/07: A Bitcoin ATM machine in Wan Chai, Hong Kong. [+] (Photograph by Miguel Candela/SOPA Photographs/LightRocket by way of Getty Photographs)

Fashionable digital foreign money Bitcoin has been a information fixture since its introduction in 2009. If truth, Bitcoin is the worlds main digital foreign money, with a market capitalization over $175 billion. This explosive progress has led donors and their advisors to discover varied charitable giving alternatives utilizing digital currencies.

The Inner Income Service (IRS) describes digital foreign money as a digital representation of value that functions as a medium of exchange, a unit of account, and / or a store of value. Its creators designed it to function like authorized tender, and as a medium of exchange, though only a few governments at the moment acknowledge it as authorized tender anyplace on the earth.

At present, Bitcoin and different digital currencies, comparable to Ethereum and Ripple, signify a complete market capitalization of over $250 billion.Many giant charities, together with giant donor-advised funds and group foundations, are wanting to faucet into this market or have already acquired digital donations. For instance, United Manner, American Crimson Cross, and the American Most cancers Society settle for donations of Bitcoins. Most main donor-advised funds settle for Bitcoin, and a few settle for different cryptocurrencies as nicely.

Smaller nonprofits have begun accepting the foreign money as nicely.Know-how and monetary methods involving the asset have solely grown extra advanced with time, as ideas like proof-of-stake, forks, and decentralized finance (DeFi) all have grow to be extra outstanding within the cryptocurrency world.

Ryan Raffin

With this explosion in value, many house owners of Bitcoin and different digital currencies have important appreciation in these property. This makes cryptocurrency a really interesting candidate for charitable giving. This text discusses the tax remedy of Bitcoin and different cryptocurrencies below present IRS guidelines. It has a selected emphasis on the tax outcomes for donations of digital foreign money.

2014 Bloomberg Finance LP

IRS Positions on Bitcoin The Inner Income Service was faster than many organizations when it got here to consideration of the monetary and tax implications of digital foreign money. In March of 2014, the IRS issued a Discover on the tax remedy of transactions involving digital foreign money. This was its first official assertion on cryptocurrency, though its printed steering since then has confirmed that remedy. Most significantly, the IRS acknowledged that, for tax functions, digital currencies are property and never foreign money.

This property remedy signifies that conventional achieve and loss rules will apply due to this fact treating these property as securities or enterprise property. A celebration promoting, spending, or in any other case disposing of digital foreign money may be topic to capital good points or peculiar earnings tax. Though the charity will probably be promoting the foreign money, exempt organizations will not be usually taxed on earnings, even from the sale of appreciated property.

The most important tax implications for donations of digital foreign money, due to this fact, contain the donor reasonably than the charity. The primary consideration for donors is the charitable earnings tax deduction acquired. As a preliminary matter, notice that in answering questions on donated cryptocurrency, the IRS refers a number of occasions to its common publication on charitable contributions. This helps the belief that the usual noncash charitable deduction guidelines will apply.

The achieve might be peculiar, or capital, relying on the supply of the digital foreign money to the donor. The dedication on the kind of achieve or loss the taxpayer acknowledges relies on whether or not that particular person held the digital foreign money as a capital asset for funding functions. If the donor didnt maintain the property as an funding, it might be topic to peculiar achieve or loss remedy. That is extra prone to be the case if the donor is a so-called miner or the place the digital foreign money is in any other case earnings paid for companies rendered.

Outcomes for Bitcoin and Cryptocurrency Donors These prospects result in three potential tax outcomes for donors of digital foreign money. First, a donor giving digital foreign money held short-term (i.e., lower than one 12 months) as a capital asset will be capable to deduct the lesser of price foundation or honest market value as much as 50 p.c of adjusted gross earnings.Nevertheless, if the donor held the Bitcoin or different foreign money for greater than a 12 months as a capital asset, the deduction could be the honest market value of the present as much as 30 p.c of adjusted gross earnings. Lastly, if the foreign money is topic to peculiar achieve or loss remedy within the arms of the donor, the donor may deduct the fee foundation of the present as much as 50 p.c of her adjusted gross earnings.

If the donor acquired Bitcoin as peculiar earnings as fee for companies rendered or property bought, the donor may solely deduct the fee foundation below the peculiar earnings discount guidelines. The IRS defines the fee foundation of the digital foreign money as its honest market value when the proprietor receives it. So if a third-party pays the donor Bitcoin worth $500 for skilled companies, and that Bitcoin later appreciated to $1,000 USD, the donors charitable earnings tax deduction could be restricted to $500, or price foundation.

These guidelines are very favorable to donors holding appreciated digital foreign money as capital property, permitting them to keep away from incurring a tax for capital good points on the Bitcoins or different foreign money. That is very true following the Tax Cuts and Jobs Act of 2017, which restricted Part 1031 exchanges to actual property solely, which means homeowners of digital foreign money couldnt merely exchange them for different digital currencies to keep away from recognizing achieve. Word that this donation would additionally permit the donor to keep away from the potential 3.eight p.c Medicare surcharge on funding earnings. The acute appreciation in Bitcoin and different cryptocurrency makes the asset class a really sturdy candidate for charitable giving. Higher nonetheless, IRS commentary has clearly laid out the tax outcomes and necessities for substantiating such donations. Though there are some hoops to leap by means of to get a good market value deduction, these difficulties might be minimal compared to the advantages of optimizing tax effectivity in giving. These tax gadgets are after all not the one issues for donations of Bitcoin or altcoins, however they will present a strong motivation for the best donor holding appreciated cryptocurrency.

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Tax Implications For Donations Of Bitcoin - Fintech Zoom

Should You Buy Gold or Bitcoins: What Financial Experts Think – Tech Guide

When it comes to hedge against the volatility of the stock market, investors have chosen gold as a safe haven. Gold has proven to be an effective way to manage the risk during such times. But in the last couple of years, a new alternative has come to light. In 2009, when Bitcoin came into existence, the value was insignificant.

Over the last 10 years, the value has risen from $0.0008 to nearly $11,500 today. So, traditional investors have shown interest in putting their money into a new kind of asset. Moreover, they found that Bitcoin can also be used as a safe space during market uncertainties.

Although its an individual decision whether to invest in gold or Bitcoin, lets see what financial experts think about it?

What Financial Experts Say About Gold?

As per experts opinion, gold is a safe haven asset during market trouble for many reasons. The precious metal has served as one of the best alternative investments during a market crash or financial crisis. Here are some reasons for which gold is a valuable asset.

For the above reasons, almost every financial expert advises diversifying an investment portfolio with gold. Now lets know what they say about Bitcoin.

How Do Financial Experts See Bitcoin?

According to some financial experts, Bitcoin has some common properties with gold and referred to as Digital Gold. Here are some reasons why Bitcoin is also a good opportunity for investment.

In 2017, John McAfee, founder of McAfee and a Bitcoin evangelist, predicted that Bitcoin would reach $1 million in 2020. However, it will take a few more years to reach the milestone, but Bitcoin has had a positive perspective for many people.

Comparison of Bitcoin and Gold

From ancient times, gold has remained the safest asset. After Bitcoin was launched a decade ago, it has only achieved huge popularity in the last couple of years. Here are some aspects based on which experts have compared the two assets.

1. Safety, Legality

In terms of corruption, both gold and Bitcoin cant be corrupted easily. But Bitcoin is not as safe when compared to gold due to its infrastructure. In the past, a popular crypto exchange named Mt.Gox went offline, and that took away about $460 million in Bitcoin from the public. Again, gold is the winner in terms of legality.

2. Scarcity

Both the assets are scarce in their supply. The only difference is the total amount of Bitcoin is known, whichis 21 million units. Whereas the amount of gold is not known, we know it is limited.

3. Utility

Gold has many uses from ancient times. As a precious metal, it is used for jewelry, in the electronic industry, and many more. On the other hand, Bitcoin has a large impact on the financial world by giving everyone access to send and receive value without the help of banks.

4. Volatility

The major concern of Bitcoin is its high volatility. So many investors resist considering it as a safe-haven asset. On the other hand, gold is successful in maintaining its value over the years.

5. Liquidity

Both gold and Bitcoin have high liquidity and can be exchanged with traditional currencies.

Conclusion

From the above, we can conclude that it is best to invest in both the assets. But it solely depends on your risk appetite and investment goals to decide how much you want to invest in which asset. You can invest in Bitcoin through bitcoin profit. Hopefully, the article has helped you to decide whether to buy gold or Bitcoin.

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Should You Buy Gold or Bitcoins: What Financial Experts Think - Tech Guide

Seahawks one of two teams still in the mix for Jadeveon Clowney– report – NBCSports.com

Were less than two weeks from the start of the 2020 NFL season and Jadeveon Clowney is still on the free agent market.

The three-time Pro Bowl defensive end remains unsigned as training camps around the league conclude and teams ramp up for NFL action. Clowney has received interest from multiple teams, but the 27-year-old remains unsigned largely because of his asking price.

The elite pass rusher initially entered free agency with a $20 million per year asking price but has reportedlyloweredhis price tag to somewhere in the $17-18 million range awaiting an ideal suitor.

If you ask Yahoo! Sports NFL insider Charles Robinson, the Seattle Seahawks or Tennessee Titans could still make a deal with Clowney. That is, at the right price.

I think its Tennessee and Seattle, and I think its all on Clowney deciding what the number is that hes willing to play for, Robinson said Tuesday on the Pat McAfee show. If its sub-$15 (million), this, I think, can get done. Maybe its 12 or 13 with incentives that could push it, but the market, its not great.

Clowney, who turned 27 on Feb. 14, made $15 million in 2019when he was traded by the Houston Texans to the Seahawks. The Texans paid $7millionofClowney'scontract for this season, while the Seahawks picked up the remaining $8millionof the deal.

In 11 starts through 13 games in Seattle, Clowney compiled 21 tackles (seven for loss), three sacks (13 quarterback hits), four forced fumbles (two recoveries) and one interception for a touchdown (three pass breakups).

Robinson noted how Yannick Ngakoues trade from the Jacksonville Jaguars to the Minnesota Vikings may have had a domino effect on Clowneys value on the market. Ngakoue signed a one-year, $12 million deal, making it unlikely Clowney could obtain the type of money hes looking for in a future NFL team.

Hes also turned down several lucrative offers from the Cleveland Browns, per Robinson. The Browns presented Clowney with deals between one and three years, all within the $17 to $18 million per year range, but the star pass rusher was not interested.

When asked if Clowney could pull a Le'Veon Bell and sit out the entire season if his contract demands aren't met,ESPN's John Clayton said it's entirely possible.

As of today, hes taking the same position, Its either $15 million or Im not playing,' Clayton said. And unless he changes that then hes not playing because no one is going to pay him $15 million, particularly now that you saw (Browns defensive end) Olivier Vernon took a (paycut to $11 million) and you saw that (Ngakoue is making $12 million). I think right now its up to him.

But Clayton does think Clowney would be open to reducing his asking price for the right team, a la Seahawks.

If he goes down to $12 or $11 million, he could be here (in Seattle), he said. I could see that happening.

While theres no new indications that a Clowney signing is imminent, the clock is ticking and Clowney will soon have to decide whether hes going to play this year or sit out the entire 2020 season.

Check out the latest Talkin' Seahawks podcast with Joe Fann and special guest Joel McHale

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Seahawks one of two teams still in the mix for Jadeveon Clowney-- report - NBCSports.com

Microsoft reportedly wants to buy up TikTok’s India operations too – The Next Web

After aiming to buy TikToks US, Canada, Australia , and New Zealand business, Microsoft might be looking to include the Indian and European regions in the deal as well.

According to a report by theFinancial Times, the Seattle-based tech company wants to buy TikToks global business operations. Sources familiar with the matter told FT that a deal is in works for Microsoft to buy TikTok India. However, if it falls through, Bytedance might look for foreign or Indian investors.

The Chinese tech giant would also look to license its technology and share revenue with new investors.

Last month, India banned TikTok and 58 other Chinese apps after a skirmish at the border between the two nations. The country was the short video apps biggest market before the ban with over 200 million active users.

After TikToks ban, a swarm of short video apps has emerged in the market including local products such as Chingari, Roposo, Moj, and Mitron, and international apps such as Triller and Instagram Reels. However, theres no clear winner or leader in the segment at the moment.

Read next: Study: Instagram's algorithm favored Trump over Biden

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Unattractive and Overhyped? Peter Brandt Compares XRP to Fords Flop Car Edsel – U.Today

Alex Dovbnya

Trading legend Peter Brandt compares XRP to Fords biggest flop

XRP, the cryptocurrency associated with blockchain company Ripple, continues to face harsh criticism from unapologetic commodity trading veteran Peter Brandt.

In a recent tweet, he drew a hilarious comparison between the struggling token and Edsel, Fords most famous flop car.

Brandt tweeted out yet another insult directed at XRP in response to Onchain Capital CEO and CNBC Africa Ran NeuNer who crowned Chainlink (LINK) as the Tesla of the cryptocurrency industry.

Chainlink (LINK) has surged by yet another 45 percent over the past two days, surpassing Bitcoin in terms of trading volume on the Coinbase exchange.

Despite Zeus Capital actively working to spread FUD about Chainlink and short-sellers trying to catch the top, LINK keeps updating its all-time highs.

This is reminiscent of how the shares of the Elon Musk-helmed e-car manufacturer performed in early July before eventually taking a respite.

The price action of the LINK token is also eerily similar to that of XRP in late 2017. The latter, despite surging 43 percent over the past month, is down 7.69 percent from where it was trading one year ago.

Edsel, which took ten years and $250 mln to get planned and manufactured, is considered to be one of the biggest failures in the car industry and a synonym of a commercial flop. Shortly after its debut in 1957, Ford discontinued the production of Edsel just three years later.

Brandt is not the only only one who brings up Fords retro cars to make an argument about a cryptocurrency. Earlier this year, crypto baron John McAfee compared Bitcoin to Ford Model T, the first mainstream American car, to underscore how outdated its tech is.

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Unattractive and Overhyped? Peter Brandt Compares XRP to Fords Flop Car Edsel - U.Today

Why governments are threatened by teens on TikTok – The Next Web

In Egypt, teenager Menna Abdel Aziz used social media to ask for protection after a sexual assault. She was arrested on a variety of charges, including misusing social media and corrupting family values.

Two young women, Haneen Hossam, with 915,000 TikTok followers, and Mawada Eladhm, with 3.1 million TikTok followers) were also arrested for their social influencing videos. Renad Imad, another social media influencer, was arrested after allegations of posting indecent content and prostitution.

In late June, belly dancer Sama El-Masry was sentenced to three years imprisonment for posts to the TikTok video sharing platform and other social media.

These and several other arrests follow on the heels of earlier cases, including singer Sherine Abdel Wahabs arrest for insulting the Nile River at a concert, Rania Youssefs arrest for wearing a revealing dress in 2018 and the 2015 arrest of novelist Ahmed Naji, said to be the first contemporary Egyptian writer arrested for violating public modesty.

These cases illustrate the social vulnerability of young women, especially those without social and economic connections, and confusion about what is permissible expression, and what isnt.

What is clear is that the Egyptian women mentioned above are seen as increasingly dangerous to entrenched social, political, and gendered hierarchies.

[Read: How TikTok teens amplified political activism and threatened Trumps political campaign]

COVID-19 has only underlined questions about when to regulate speech. Quarantines and lockdowns have affected social engagement patterns, as people seek new outlets to connect with others. Usage rates of Netflix, Instagram Live, and TikTok have skyrocketed.

In the US, the media market is ring-fenced by the norms of free speech. But recently, US President Donald Trump threatened to shut down Twitter after it added fact-checking links to his tweets. Both Trump and a Florida congressman have had tweets flagged for glorifying violence. Facebooks hands-off policy to policing politics on its platform has resulted in a virtual walk-out at that company and a new commitment to regulating political speech.

Some commentators consider the present moment to be a turning point in the battle to keep fake news and alternative facts out of social media.

A pressing question is whether a platform for expression such as TikTok deserves to be regulated. The Trump administration is considering a TikTok ban. Their concern is Chinese control of US data, not dance videos. What, if anything, should be done about user-created content?

To understand the perils of over-regulation, we can consult the most important theorist of liberty, John Stuart Mill. In my recent book, I present Mill as a liberal, a feminist, and a critic of state interventionism. Mill argues for almost complete freedom of expression and freedom of the press in countries capable of free discussion and exchange of ideas. He places individuality at the center of his vision of what a person with character is, and he argues that there is value in nonconformism.

Social media platforms often play a role in reinforcing trends and in creating a sort of sameness, but they remain vehicles for self-expression, especially of young people. Mill would not support their regulation by the government.

If we want to understand why non-liberal governments see threats in self-expression, we can return to communist Czechoslovakia and dissidents such as Vclav Havel. In his 1978 essay, The Power of the Powerless, Havel identifies a hidden sphere of youth culture. Pre-political engagement takes place there and sometimes leads to the creation of a parallel polis, or space where a group of citizens can feel politically active.

During the Arab Spring, graffiti and popular songs were part of the parallel polis. Similarly, Czechoslovakian dissidents found places for expression in popular culture. Thus, Charter 77, the political movement which Havel co-founded, was connected to popular music and concerts. Politically, even music matters.

Thus, in a manner reminiscent of the American youth culture of the 1960s, the parallel polis offers an alternative to a tightly controlled, state-centered public life. Both an unfettered utopia and an escape, this space is the dream of users of immersive platforms such as Second Life. And in the case of Minecraft, an in-game uncensored library exists as an archive of censored real-world data. Thus, a game can have important real-world consequences.

So can Twitter. Media analysts see Twitters 500-million daily tweets as an important vehicle of activism. The book #Hashtag Activism: Networks of Race and Gender Justice explains how counter publics use Twitter to advocate for social change, identity redefinition, and political inclusion.

Now, in the aftermath of the George Floyd shooting, we are also seeing more overtly political uses of TikTok. Teens are using the platform to record protest marches and to make statements about social justice.

Today, TikTok and Instagram, or even mahraganat music (described as an Egyptian fusion of electronic and folk music) are seen by some governments not as entertainment, but instead as challenges to state social control. Mahraganat, for example, was recently banned in Egypt. Calls to ban TikTok have been raised worldwide and bans have been tried out in India and Indonesia.

Platforms such as TikTok are oriented towards younger users. The age of users raises valid questions about the privacy and protection of minors. But outright bans may over-regulate the legitimate expression of young people. And applying cybercrimes laws to regulate user-created content may do the same thing. A new Egyptian social media campaign (#If Egyptian Families Permit) to free the arrested young female TikTok users makes just this point.

Women in the Middle East and North Africa region have been complaining about legal and social restrictions on their behavior and bodies since well before the Arab Spring. Until this tension is mediated in civil society, governments will continue to see a hidden sphere of resistance in even apolitical, user-created dance videos on TikTok. And young people will continue to find new ways to connect on social media, in spaces that are increasingly hard for governments to regulate.

This article is republished from The Conversation by Chris Barker, Assistant Professor of Political Science, American University in Cairo under a Creative Commons license. Read the original article.

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Swarm works with Exolaunch to fly 24 SpaceBees on SpaceX Falcon 9 – SpaceNews

SAN FRANCISCO Swarm Technologies is working with Exolaunch of Germany to send 24 SpaceBee satellites into orbit on the SpaceX Falcon 9 small satellite rideshare mission scheduled to launch in December.

Swarm won FCC approval to offer global internet-of-things service with a constellation of 150 Spacebee satellites, which are one-quarter the size of a single cubesat.

Exolaunch, a rideshare launch and satellite deployment company based in Berlin, will handle launch, integration and deployment of SpaceBee satellites in sun-synchronous orbit, according to an Aug. 3 news release.

Earlier this year, Exolaunch announced an agreement with SpaceX to send multiple small satellites into orbit on the December rideshare flight.

For the December launch, Exolaunch plans to integrate microsatellites and cubesats on a Falcon 9 Evolved Expendable Launch Vehicle Secondary Payload Adapter port and to send the satellites into orbit with EXOpod, the firms proprietary deployment system.

After integrating SpaceBEEs into EXOpod at Swarms headquarters in Mountain View, California, Exolaunch will mate the satellites with the launch vehicle at SpaceX facilities in Cape Canaveral, Florida, according to the news release.

Our team, experienced in handling large constellations of satellites,is ready to utilize its launch expertise and deployers to arrange the rides to space for Swarm aboard SpaceXs Falcon 9, Jeanne Medvedeva, Exolaunch commercial director, said in a statement.

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Swarm works with Exolaunch to fly 24 SpaceBees on SpaceX Falcon 9 - SpaceNews

You can build a working PC inside Minecraft that plays games, including Doom and Minecraft – TechSpot

In a nutshell: Have you ever had the urge to play Minecraft while playing Minecraft? Now, such an unlikely scenario is possible, thanks to a mod that lets you build a computer in-game that can boot several working operating systems.

The feat is possible thanks to the VM Computers mod that comes from delta2force. It uses the open source VirtualBox to run operating systems, including Windows 95, Linux, and more.

The mod itself goes straight into your mods folder, and youll also have to grab VirtualBox 6.1 or newer. But the work doesnt end there: youve still got to get your in-game PC. This involves crafting an ordering tablet and then waiting until a satellite passes over you, which happens five times per day.

Once youve created your virtual hard drive, imported the ISO files, and built your computer, its time for some Inception-like game-within-a-game fun; its possible to play a game of Minecraft within Minecraft.

As is the case with almost everything on the planet, the mod also lets you play Doom 1993 inside the best-selling game of all time, as demonstrated by redditor uDrunkMate.

Weve already seen Windows 95 running via a desktop app, Nintendo 3DS, Apple Watch, Xbox One, and more, but it pales in comparison to Doom. The venerable fps was recently made to work on the Playdate, a retro-style handheld that uses a crank controller. Its also been imported to a McDonalds cash register, John McAfees unhackable crypto wallet, Apples touch bar, a Porsche 911, inkjet printers, a Commodore 64, ATMs, calculators, iPods, and, like Minecraft, on virtual console within the game itself.

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You can build a working PC inside Minecraft that plays games, including Doom and Minecraft - TechSpot

India is reportedly looking to ban 275 more Chinese apps including PUBG – The Next Web

Last month, India banned 59 Chinese apps including TikTok, WeChat, and UC Browser after tension between both nations at the border.

The countrys government is now inspecting to ban 275 more China-originated apps including popular battle royale game PlayerUnknowns BattleGround (PUBG)and ByteDances music app Resso.

According to a report from the Economic Times, government officials have created a list of 275 apps that might be violating security measures and user privacy. Apart from PUBG and Resso, the list includes ecommerce app AliExpress from Alibaba and photo-sharing app ULike.

India moved to ban 59 Chinese apps after more than 20 of its soldiers were killed in a skirmish at the border with the neighboring country.

[Read: Heres why AI didnt save us from COVID-19]

ETs report also notes that the government is planning to formalize the process of banning apps that pose a threat to national and user security. A set of ministries will form a law or a procedure to address such concerns in the future.

An official from the Ministry of Electronics and Information Technology (MeitY) told ET that officials will follow a due process:

There is a process involved, there is a committee in place for such ban orders. If there is such an order, then MeitY will act

However, its worth noting that Indias Personal Data Protection (PDP) bill is still in the draft and discussion stage. So theres no formal process to acting on apps that might violate user privacy.

China-basedapps have found great success in Indias vast internet userbase. Before its ban, TikTok had more than 200 million users in the country, while PUBG has garnered more than 50 million players in the country

Read next: Satoshi Nakaboto: Bitcoin crosses $10K for first time in 2 months

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India is reportedly looking to ban 275 more Chinese apps including PUBG - The Next Web

Here’s why Elon Musk is a massive nickel backer – The Next Web

On an investor call earlier this week, Teslas CEO Elon Musk begged precious metal miners to dig up more nickel. But why?

Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way, Musk said on the call yesterday, Reuters reports.

While Tesla did turn an unexpected profit last quarter, its a rare occurrence for the company. Despite this, Musk is still keen to keep Tesla on a path of swift growth rather than rationalize the EV maker into a profitable business.

However, that growth wont come without its challenges, namely the availability of resources like precious metals used in battery manufacturing.

The real limitation on Tesla growth is cell production at affordable price, Musk said, adding the company would expand its business with Panasonic and CATL and possibly with others.

[Read: Germany drafting EU proposal to introduce pan-European tolls to use motorways]

Teslas primary battery technology was traditionally based on a blend of nickel cobalt aluminum. However, as the company shifts away from using cobalt over ethical mining and cost concerns, its placing a greater emphasis on the need for a steady supply of nickel.

Using nickel in battery cells helps to make them energy dense. In other words, this means batteries can be smaller, lighter, and overall use fewer resources for the same comparative kWh power rating.

It means batteries, the most costly component in an EV, could get cheaper. This gives EV makers with two options: reduce the price of their vehicles, or increase their range for the same cost.

The precious metal has been a crucial component in pretty much all modern batteries.

It was used in nickel cadmium cells, nickel metal hydride batteries that were widely used in portable electronics devices like cameras, Walkmans, and power tools in the 1980s.

The Toyota Prius, that could be considered one of the forebearers of modern clean vehicles, used nickel metal hydride batteries as part of its hybrid drivetrain.

Now, modern lithium-ion batteries, like those used in Teslas, laptops, and phones, are the most popular choice for EV makers the world over, and they still rely on nickel as a main component. In fact, batteries based on nickel cobalt aluminum chemistry like those Tesla use can be up to 80% nickel, according to the Nickel Institute.

It boils down to basic economics: the more nickel thats available the cheaper it should become. When 80% of an EV battery is made up of the stuff, its easy to see how much that could impact the overall cost of a battery.

[Read: Tesla battery cooling fault coverup heats up as feds get involved]

Those in the EV and battery industry are watching Tesla closely right now. Having made significant improvements to its vehicles range and efficiency in recent years, its Long Range Model S now goes over 400 miles on a charge the company is next expected to announce a million mile battery.

Last month, one of Teslas battery suppliers, CATL, announced that it was already producing power units robust enough to deliver electricity for over 1 million miles of motoring, but Musk remained silent.

Tesla is expected to make announcements on its battery tech developments in September at its battery day event.

Read next: Asteroids may be the reason Earth is covered in water

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Here's why Elon Musk is a massive nickel backer - The Next Web

A Beginners Guide to Bitcoin Trading Price Prediction 2020-2025 – News Alarms

Is Bitcoin a Good Investment?

Historical index for the Bitcoin price prediction: B+ Should I invest in Bitcoin CryptoCurrency? Should I buy BTC today? According to our Forecast System, BTC is a good long-term (1-year) investment*. Bitcoin predictions are updated every 3 minutes with latest prices by smart technical analysis. Q&A about BTC projections. See Our Other ForecastsAt News Alarms, we predict future values with technical analysis for wide selection of digital coins like Bitcoin. If you are looking for virtual currencies with good return, BTC can be a profitable investment option. Bitcoin price equal to 9159.000 USD at 2020-07-20. If you buy Bitcoin for 100 dollars today, you will get a total of 0.01092 BTC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2025-07-19 is 14139.20 US Dollars. With a 5-year investment, the revenue is expected to be around +54.37%. Your current $100 investment may be up to $154.37 in 2025.

About Bitcoin Price Prediction 2020-2025

Bitcoin price prediction for July 2020.

In the beginning price at 9136 Dollars. Maximum price $9950, minimum price $8491. The average for the month $9180. Bitcoin price forecast at the end of the month $9144, change for July 0.1%.

BTC to USD predictions for October 2020.

In the beginning price at 8770 Dollars. Maximum price $10267, minimum price $8770. The average for the month $9351. Bitcoin price forecast at the end of the month $9595, change for October 9.4%.

Bitcoin Price Prediction 2021

Bitcoin has been performing quite well and recently it has started with its bull run. This has taken the market by amazement. Now the traders and investors are in a state where they are trying to make optimum utilization of the bull run. The more the trading, the more the price. Moreover, as we know, Bitcoins are scarce in circulation, i.e. there can be only 21 million Bitcoins mined, out of which 17 million has been mined already, which means only 4 million to be mined, which will make its value more. Additionally, several countries like the U.S., Japan, and South Korea have shown extreme willingness to integrate Bitcoin and other cryptocurrencies into their financial systems by setting up regulated markets that might function freely and securely. By the end of the year 2021, the Bitcoin price will reach $23,499.

Bitcoin Price Prediction 2022

Bitcoin might experience unexpected growth by 2022, with the adoption rate getting tripled. Bitcoin might be accepted by the masses worldwide as the most feasible payment system, which is hassle-free. Bitcoin anyway is not far off before it takes the sweet spot for fiat currencies, and most of the developed world might see the change coming in faster than the rest. By 2022, Bitcoin might reach $32,000, given the advancements are stable.

Bitcoin Price Prediction 2025

Bitcoin price prediction suggests that the Bitcoin price is up for a long-term 385.450281% in the BTC price value with a 5-year investment. This means that in 2025, the Bitcoin price is forecasted to stand at $ 50044.6. (Bitcoin Future Prediction)

Bitcoin might touch the $50k mark in the year 2025, which can take the crypto market to a whole different height altogether. As per the predictions and analysis, Bitcoin stays securely to number one position, without any close contender. Gradually, Bitcoin might be seen more as a store of value, along with it being an alternative currency. There are certain Bitcoin price prediction tools that help experts come up with data. The fiat currencies might be replaced by Bitcoin, as predicted by crypto enthusiasts like John McAfee.

By 2025, Bitcoin might be used more often by more people, i.e, the real-time use case will be increased, which will make it even more powerful.

Bitcoin Bullish Scenario After Bitcoin Halving

Bitcoin went bullish after the third Bitcoin halving on May 11, 2020. That was a breakout of the major trendline above $14k mark, which happened back in 2017. Under a key level of $10k, the Bitcoin price showed extreme volatility. 4 years back, when the 2nd bitcoin halving took place, Bitcoins price showed volatility as well, as it surged not right after the halving process, but over the course of next year to reach as high as $2526 on July 2017.

Short Term Bearish Scenario Post Bitcoin Halving

There was a short term bearish scenario as several Bitcoin investors estimated BTC to fall as low as $6500. As per Dave the Wave, a BTC trader, if the price of Bitcoin continues to move based on a fractal taken from 2019, it might pullback to the $6000 region. Cryptocurrency investor, Scott Melker said, the market observed a strong shakeout on May 10, when the price of BTC suddenly dropped to $8,100.

Bitcoin Halving Explained

Bitcoin Halving is the phenomenon in which the miner reward keep on halving, or decrease by 50% after every four years, which happens after mining 210,000 blocks. Satoshi, the creator of Bitcoin wanted to create a system that would be self-sustaining, similar to gold mining. So, in order to control supply, he came up with the method of Bitcoin halving. The 3rd Bitcoin Halving just got over, a few days back., where the block reward reduced from 12.5 BTC to 6.25 BTC. The crypto space was filled with hysteria, as prior to the halving process, Bitcoin touched the 10,000 USD mark.

I cover market structure for News Alarms, specifically how the bond, derivatives, and cryptocurrency markets work or dont.

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A Beginners Guide to Bitcoin Trading Price Prediction 2020-2025 - News Alarms

More than 1,000 Twitter employees had the security access needed to aid hackers – IT PRO

UPDATE: Over 1,000 Twitter employees and contractors are said to have had access to the same internal tools that are believed to have allowedcyber criminals to obtain control over36 high-profile accounts, according to two former Twitter employees.

Speakingto Reuters, the former staff members familiar with Twitter security practices said that, in early 2020, theseemployees had the power to make changes to user account settings as well as hand over the controls to other parties.

The number includes not only permanent Twitter staff, but also contractors from American IT services provider Cognizant, raisingquestions as to why so many people were given such widereaching security privileges.

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The former employees also told Reuters that, despite last weeks breach, the companys security policy is still animprovement on procedures operated during their time at the company. Twitter had decided to crack down on breaches by logging the activity of its staff following an incident in November 2019, when an employee was caught allegedly spying for the Saudi Arabian government.

According to Ilia Kolochenko, founder and CEO of web security company ImmuniWeb, the attack was"enhanced by exploitation of other weaknesses in Twitters internal security.

It is not excluded that the attackers were assisted by an insider or were exploiting a high-risk vulnerability detected in one of Twitter's web systems. Otherwise, we may reasonably infer that Twitter has virtually no internal security controls and best practices that we should normally expect from a tech company of its size, he said.

Meanwhile, on a call to investors on Thursday, Twitter Chief Executive Jack Dorsey admitted to missteps:

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We fell behind, both in our protections against social engineering of our employees and restrictions on our internal tools, he said.

23/07/2020: Cyber criminals who targeted 130 accounts as part of last weeks major Twitter hack gained access to the private communications of up to 36 account holders, the company has confirmed.

Among the targeted individuals, hackers compromised 45 accounts to the extent they were able to send tweets, and a fourth 36 had their direct messages accessed, according to the firm. It's believed at least eight accounts had their archived account data accesed through the Your Twitter Data tool, which holds the entirety of their account activity, although none of these eight accounts are verified on the platform.

Twitter hasnt indicated whether there's any overlap between those whose accounts were compromised, those whose DMs were accessed, and those whose archived data wasdownloaded.

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Several high-profile individuals, including former US President Barack Obama and democratic frontrunner Joe Biden were among those involved in the hack, evidenced by a number ofTweets promoting a fraudulent Bitcoin buy-back scheme,suggestingthesewere among the 45. Other accounts tweeting in such a way included Jeff Bezos, Bill Gates, and other prominent business figures.

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The fraudulent tweets described a scheme in which any Bitcoin donated to a specific wallet would be returned to the user doubled. To date, the scam has attracted396 Bitcoin transactions worth more than 96,000 in all.

Generally, should a hacker gain full control of an account to the point they could send tweets, they would also be able to read previously sent direct messages, or even send new ones with ease.

Twitter, however, has insisted that just one elected official, an unnamed Dutch politician, was among those whose DMs were accessed. There is currently no indication, the company added, that any other former or current elected officials had their DMs accessed, ruling out the likes of Obama or Biden as being among the 36.

Although attackers gained full control over some accounts, Twitter has said they would have been unable to view previous passwords as these are not stored inplain text. It added that even with access to internal tools hackers would still have been unable to view these.

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Hackers were, however, able to view personal information, including email addresses and phone numbers, which are displayed to some employees who have access to internal company support tools.

Of the accounts that were taken over,hackerswere able to view what Twitter has described as additional information. The company added its forensic investigation of these activities is still ongoing.

McAfee founder John McAfee, meanwhile, has suggested his own Twitter account has been either hacked or frozenin the past 12 hours, with some tweets disappearing or seen by only a handful of individuals. It's unclear whether these reports are related with last week's major hack.

As the probe continues, Twitter said it would further secure its systems to prevent future attacks, and roll out additional company-wide training to guard against social engineering tactics.

This story was updated on 24/07/2020

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More than 1,000 Twitter employees had the security access needed to aid hackers - IT PRO

Worthless Coin McAfee Says He Never Believed Bitcoin Would Hit $1M – Cointelegraph

In July 2017, John McAfee said he would eat his own dick if Bitcoin does not hit $500,000 within three years. Today, BTC is hovering at a mere $9,130 and its price must increase by more than 5,376% to meet McAfees prediction.

John McAfee tweets he would eat his dick if Bitcoin doesnt hit $500k. Source: John McAfee Twitter

In general, Bitcoin quite clearly got nowhere near $500,000 in the past three years. Not only that, but McAfee is also seemingly backtracking from his $1 million per BTC prediction.

Last year, McAfee said he is positive Bitcoin goes to $1 million. He said negativity around the cryptocurrency market was overblown, especially considering Bitcoin was in the mid-$10,000s.

But on July 19, 2020, McAfee said:

Not going to get out of it. I never believed Bitcoin would hit $1 mil. It's absurd. Its an old, tired, worthless coin. I just wanted to eat my dick on TV. Wait for it.

Since mid-2019, the price of Bitcoin dropped from around $13,900 to $9,100. Following the 34% drop in a 12-month period, McAfee no longer feels confident about his $1 million BTC prediction.

In July 2019, McAfee said:

Bitcoin is at the mid 10's and people worry. LMFAO!! Why do you pay attention to weekly fluctuations? Look at the past few months FFS! It's rising drastically. I'm still positive about my $1 mil BTC price by the end of 2020. Alt coins like MTC and Apollo will rise ten times more.

Contrary to expectations, it also seems McAfee was referring to the end of 2020 as the prediction date for $500,000 per Bitcoin.

When several cryptocurrency enthusiasts questioned him about the subject, McAfee cited a website called dickening.com. The website says McAfee promised to eat his own dick if BTC does not hit $1 million by December 31, 2020.

McAfee said that it is well documented his bet was for Dec. 31 of this year, not July 2020. When asked about the bet, he reaffirmed that he would follow through with his bet if BTC does not hit $500,000.

He said:

It's well documented that I will eat my dick on Dec 31st 2020, not in July of this year. Google the bet. The In three years was a reference to that date. The originator of this tweet did not research it. Will I eat it? You bet! Myself, or, perhaps, a subcontractor:)

Max Keiser, the host of The Keiser Report and Bitcoin investor, sarcastically said McAfee must now be recovering at the hospital after honoring the bet.

John McAfee honored his bet, made three years ago, to bite off his dick if Bitcoin wasnt at $500,000 GOOD NEWS: Hes doing well at the hospital and expected to make a full recovery, Keiser said.

Of course, McAfees track record shows that his predictions should be taken with a grain of salt. For instance, his facetious U.S. Presidential campaign now appears to be inactive. Then in May 2020, McAfee questioned his own price prediction, leaving many confused.

Nevertheless, for McAfee to win the bet, BTC price would now have to gain at least 10,000% over the next five months.

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Worthless Coin McAfee Says He Never Believed Bitcoin Would Hit $1M - Cointelegraph

Binance CEO Changpeng Zhao Says Bitcoin ‘Has Been Really… – Coinspeaker

Despite BTC price moving between $9,000 and $9,500 recently, the CEO of Binance said Bitcoin is stable and the traditional market has a drag down effect on it.

Changpeng Zhao (CZ), CEO and founder of Binance, commented on the Bitcoin price movement in an interview with Bloomberg Daybreak: Asia. Recently, the price of Bitcoin has not been increasing like investors expected as the coin has been trading at less than $10,000 for a while. In the past month, the price has been between $8,975.53 and $9,680.37. Regardless, CEO Zhao said that the coin is really stable now.

He stated:

I think sooner or later its going to break out. But right now, Bitcoin has been really stable. People have been calling it a stablecoin now.

Many investors see Bitcoin as a safe-haven asset for when traditional markets plunge. However, the Binance CEO has revealed that the traditional market has a drag down effect on Bitcoin.

The stock market is probably a thousand times bigger than the crypto market. When that goes down, and a lot of people are losing a lot of money, many of those people who have crypto investments will want to convert those investments into cashthe safe haven properties of Bitcoin will come through over time.

For a long time, there have been several unmet predictions about the price of Bitcoin. Earlier in 2017, John McAfee, founder of McAfee software,said in a tweetthat he would eat his own dick if Bitcoin hits 500k $ within 3 years. However, Bitcoin has not been close to McAfees prediction of $500,000 in the last three years.

Despite therecent Twitter hack to promote a Bitcoin scam, Bitcoin did not rise above $9,500. On a possible price catalyst for the king coin, Zhao says hes unsure what could drive Bitcoin to $10,000.

Reacting to the Twitter hack, Zhao said it was net positive for the cryptocurrency. The CEO believes that Bitcoin gained more recognition because many verified accounts posted and commented about the coin.

According to Zhao, most platforms do not have effective security measures. He referred to Google as probably the strongest in terms of account security. Headded:

Most platforms today arent equipped to deal with crypto securely. Twitter is targeted first because it has a more active crypto community. There are plenty of scams wanting crypto on other platforms. YouTube/Google Ads, Facebook, etc.

The recent Twitter hack to run Bitcoin giveaways is not the first online crypto scam in 2020. In January, Czech Youtuber Adam Jichatweetedabout a hack on his gaming channel, with his name changed to Changpeng Zhao. The hacker then ran a livestream called BINANCELIVE: interview with Binance CEO, Announce BTC Giveaway. After three days, the YouTubertweetedagain, calling the attention of the online video-sharing platform.

Also, in April, RippleaccusedYouTube of profiting from an XRP giveaway on the platform by aiding and abetting the scammers. Brad Garlinghouse, the CEO of Ripple, said:

YouTubes inertia is indicative of an industry-wide problem of lack of accountability. Victims are forced to jump through hoops to report these scams, and oftentimes, that doesnt even work.

Read crypto news daily on Coinspeaker.

Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.When he's not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.

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Binance CEO Changpeng Zhao Says Bitcoin 'Has Been Really... - Coinspeaker

Bitcoin hasn’t hit $500K, so now John McAfee has to eat his own…well, just click – Mashable

2020 sure does suck so far. But the year might not yet be a complete wash.

John McAfee still has to eat his dick on live television.

Three years ago on this date, on July 17, 2017, McAfee, the eccentric founder of the antivirus software company bearing his name, made the bet of a lifetime.

McAfee made a bet that in three years a single bitcoin (1 BTC) would be worth $500,000.

Now while most people would throw down money to make this bet, McAfee had a very different idea.

In a reply to Twitter user @DogMagUra, who was simply double-checking McAfees claim that 1 BTC would be worth $500,000 in three years, the unconventional software millionaire and former "person of interest" in a murder investigation responded:

If not, I will eat my dick on national television.

McAfee probably thought it was a winning bet at the time. The cryptocurrency news on July 17, 2017 wasnt great Bitcoin had just fallen below $2,000 after a big uptick but later that year it would hit its all-time high: $19,800.

Fast forward to July 17, 2020, three years from the day McAfee made his bet. Today, a bitcoin is worth around $9,150. Its certainly up from three years ago, sure. But were far away from $500,000. The world may be very different from the one we were living in three years ago, but a bet is a bet.

Many on Twitter reminded McAfee that it was time to make good on his bet.

McAfees response? He appears to be chickening out.

The former antivirus software mogul is now saying that we have the timeframe all wrong. Several months after his initial tweet, in November 2017, he tried to say that he meant the end of 2020.

But in July of 2017, McAfee agreed to a term of three years. Thats it. You start the clock on the day the bet is made. We dont celebrate our birthdays at the end of the year. We turn a year older on the day we were born. Thats how this works.

McAfee is certainly a bizarre dude. He most recently ran to be the Libertarian Partys presidential candidate in 2016 and 2020. The party didn't nominate him for either of his bids.

McAfee made headlines in 2012 when was wanted as a person of interest in the investigation of the murder of his neighbor in Belize. He was later tracked to Guatemala where he claimed he was seeking political asylum. McAfee was arrested for illegally entering the country and eventually deported back to the U.S. Officials in Belize did not proceed with charging McAfee with a crime. Hes also been accused of rape.

So, yeah, McAfee is certainly not a good guy. I can think of no greater punishment than McAfee eating his own dick, on live television no less. Its time for McAfee to pay the piper.

Excerpt from:

Bitcoin hasn't hit $500K, so now John McAfee has to eat his own...well, just click - Mashable

Post Twitter Hack: The Advice of McAfee To Jack Dorsey – CryptoPotato

Wednesday, July 15th, 2020, will forever be remembered as the day Twiter became a puppet in the hands of a mischievous hacker.

Twitter was hacked. And the accounts of some of the most prominent people in crypto and the world were compromised and used to steal Bitcoin in giveaway scams.

Although the micro-blogging platform has regained control and is currently investigating the matter, industry experts are still sharing their thoughts and opinions about the unceremonious, yet chaotic incident.

One of those experts is the American computer programmer and crypto proponent, John McAfee. For McAfee, security is his expertise, and he is known as the founder of one of the worlds largest computer security firms.

He took it to Twitter to share what he thinks about the hack from a security angle while also advising the platforms founder and CEO, Jack Dorsey.

According to the security expert, Twitters security Achilles heel lies in the Two-Factor Authentication (2FA) as it exposes users to trivial SIM Swap hack.

Dorsey was once a victim of a sim swap hack sometime last year, and his personal Twitter account was compromised for about 20 minutes.

Advising the Twitter boss, McAfee said:

I may be crazy, but Im still the founder of the worlds largest computer security firm, and Im telling you:

2-factor authentication is Twitters worst security threat. It exposes users to the trivial SIM Swap hack, which @Jack was a victim of.

Wake up, Jack!

He then warned users not to give companies their phone numbers if they were used for authentication. Explaining further, McAfee noted that even a 12-year-old could socially engineer the phone company and gain control over users numbers.

It is the simplest of all social engineering hacks. Are you listening, Jack? he asked.

Sim Swap theft is a common but effective hacking technique. Several stories have been reported about traders and investors who lost millions of dollars worth of cryptocurrencies in sim swap hacks.

In May, blockchain investor Michael Terpin sued an 18-year-old boy for hacking his phone through a sim swap to steal $24 million worth of cryptocurrencies. Terpin had earlier sued his phone provider, AT&T, for aiding and abetting the theft.

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Post Twitter Hack: The Advice of McAfee To Jack Dorsey - CryptoPotato

Bitcoin (BTC) Adoption is Crawling Walking Running or Rocking Based on Opportunity – The Cryptocurrency Analytics

There were days when investors put their money in to Bitcoin and the money simply doubled in just a couple weeks. However, those times are now over. The Market has matured. Investors are looking in to the why of the price movement. Prices tend to move sideways for too long than day traders would like to see it be that way.

The Bitcoin mining difficulty has its part to play. Several bitcoin miners very clearly display what is under their hoods and this gives an insight into what those who are mining Bitcoin are up to.

The logic behind cryptocurrency per some propaganda is that everyone will be able to be their own bank. However, that need not be the actual case. Bitcoin is all about freedom of choice. Those who do not like it need not use it. Those who think they can improve Bitcoin can contribute to it. If those in the network are not able to convince the rest in the network about a particular technological upgrade, they simply fork off.

Several thought leaders are popping up in social media channels. Cryptocurrency influencers as named by Bitcoin.com in terms of their follower count on Twitter for instance Justin Sun (2M), John McAfee (1M), Vitalik Buterin (892.7K) and Charlie Lee (831.3K).

This just means the cryptocurrency influencers have a method of creating an impression in the minds of the people about the Bitcoin. Named above, are just a few from a big bunch of them doing the spreading the news about crypto capabilities in one way or the other.

Sydney Ifergan, the crypto expert tweeted: Bitcoin (BTC) does not wait for anyone to come or go. It is here and those who are smart make use of it. Those who naysay continue to do it while others make hay while the sun shines.

There is a golden period for every token. The days of hype of Bitcoin are over. Though several other cryptos are coming to win their share of investors, Bitcoin continues to be the king.

The most recent news is that it is becoming possible to buy Bitcoin in India and the demo videos are available in several Indian languages through Wazirx. Though the regulatory scene is not clear, adoption is either crawling, walking, running, or rocketing based on opportunity.

Bitcoin is getting a multi-linguistic exposure in a country like India where the population is super high. The results are yet to unfold. When the adoption happens, it is sure going to be dramatic.

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Bitcoin (BTC) Adoption is Crawling Walking Running or Rocking Based on Opportunity - The Cryptocurrency Analytics

Twitter scrambles as celebrities are hit in bitcoin attack – Los Angeles Times

The attack announced itself one account at a time. Elon Musk. Kanye West. Bill Gates. Joe Biden. Barack Obama. Within a span of minutes Wednesday, some of social medias biggest power users posted near-identical messages soliciting bitcoin payments with an offer to pay back twice as much.

As more and more giant accounts chimed in Warren Buffett, Jeff Bezos, Apple it quickly became apparent the tweets were part of a coordinated attack, although it wasnt immediately clear who was behind it, how it was perpetrated or whether it had a purpose beyond bilking some gullible Twitter users out of cryptocurrency.

By late afternoon, with the scam having already extracted more than $100,000 in cryptocurrency, Twitter determined the only way to protect its most prominent users was to silence them, at least temporarily. We are aware of a security incident impacting accounts on Twitter, the company tweeted. We are investigating and taking steps to fix it.

Among those steps was blocking accounts of verified users a group that includes most celebrities, news organizations and major brands from tweeting.

Social media has often been styled a great equalizer, a tool that gives nobodies the kind of broadcasting power once limited to presidents and sports stars. In reality, internet fame has mostly served to amplify the voices of the already famous.

But for the two hours before Twitter restored tweeting privileges to so-called blue checkmarks (the badge indicating an account is verified), the timelines belonged to the little people. Meanwhile, massive accounts such as NBC News, with followings in the millions, were left to tweet from alternate or temporary handles to cover the story of the hack.

Twitter, which saw its shares decline as much as 3.8% after the market closed, blamed a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools.

Tough day for us at Twitter, Chief Executive Jack Dorsey tweeted. We all feel terrible this happened.

This is definitely one of the largest hacks of high-profile accounts on a single day that I can remember, said Theresa Payton, former White House chief information officer and now chief executive of Fortalice Solutions, a cybersecurity consulting firm.

The question is was this an inside job, or was it sophisticated cyber operatives perhaps nation states who took advantage of Twitter authorization? Payton said.

The effect on Twitters reputation will depend on how the company follows up, she said. Beyond repaying anyone who fell victim to the bitcoin fraud, Payton said the company owed a complete investigation to the people whose accounts were hacked, adding that the bitcoin scam messages could be just the most obvious sign of malicious activity.

They also serve as a wake-up call. If today had been a week before the presidential election and the accounts of Bill Gates and Barack Obama and Joe Biden were taken over and they said something completely outrageous, that could have had an impact on the psyche of voters going into the voting booths, Payton said. If today was not the tsunami bell going off for all social platforms and all political campaigns, I dont know what will be.

Twitter users have been subject to hacks before, but theyve often taken the form of broad data leaks or takeovers of individual high-profile accounts.

A 2013 hack gave attackers access to 250,000 users email addresses and usernames, and in 2016 news outlets reported that 32 million users login credentials had been hacked and posted online, but the accuracy of the compromised data came under dispute.

Targeted hacks of major accounts have also plagued the site over the years. In 2011, Fox News Twitter account was taken over to tweet false news that President Obama had been assassinated, PayPals British account was hacked and the profile photo changed to a pile of feces, and hackers took over NBC News account to tweet fake news of a plane crash at Manhattans Ground Zero.

Similar hacks occurred in 2013, when the accounts of Burger King and Jeep were taken over to tweet that they were being acquired by McDonalds and Cadillac, respectively. That year, Twitter added two-factor authentication, which requires users who enable it to verify their identity with a phone number.

Although that measure improved security for accounts that enabled it, hackers were able to take over the account for the U.S. militarys Central Command in 2015 to tweet pro-Islamic State messages and hints they had access to military documents and private information on military personnel.

After a large hack of LinkedIn user data in 2016, attackers used that information to gain control of the accounts of celebrities such as Mark Zuckerberg and Kylie Jenner. And in 2017, a number of prominent Twitter accounts, including Duke University, Forbes, and Amnesty International, were taken over to tweet a message that included swastikas and a Turkish message accusing the Dutch of being Nazis.

The highest-profile hack in recent memory came in the summer of 2019, when Dorseys account was taken over and used to retweet pro-Nazi and hacking-related tweets.

Twitter has also faced a number of cryptocurrency-related hacks. In 2017, controversial antivirus and cryptocurrency entrepreneur John McAfee saw his account hacked and used to promote obscure cryptocurrencies, and in 2018 hackers took control of Targets Twitter account to tweet a bitcoin scam message similar to the one deployed Wednesday.

In 2017, a contract worker in Twitters Trust & Safety division used his access to briefly deactivate the personal account of President Trump. After restoring Trumps account, Twitter said it had put in place additional safeguards to prevent this from happening again. Trumps account was not among those compromised in Wednesdays attack.

Originally posted here:

Twitter scrambles as celebrities are hit in bitcoin attack - Los Angeles Times


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