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The ‘OK’ Hand Gesture Is Now Listed As A Symbol Of Hate – NPR

The "OK" hand gesture is among 36 new entries in the Anti-Defamation League's "Hate on Display" database. lucapierro/Getty Images/RooM RF hide caption

The "OK" hand gesture is among 36 new entries in the Anti-Defamation League's "Hate on Display" database.

The "OK" hand gesture, commonly seen as a way of indicating that all is well, has now been classified as something else: a symbol of hate.

On Thursday, the Anti-Defamation League, a Jewish civil rights organization, added 36 symbols to its "Hate on Display" database including the index finger-to-thumb sign that in some corners of the Internet has become associated with white supremacy and the far right.

Oren Segal, director of the ADL's Center on Extremism, told NPR that for years on fringe online message boards such as 4chan and 8chan, the "OK" sign has been deployed in memes and other images promoting hate. Given the number of white supremacists who have adopted it, he said it can now carry a nefarious message.

"Context is always key," Segal said. "More people than not will use the OK symbol as just 'OK.' But in those cases where there's more underlining meaning, I think it's important for people to understand that it could be used, and is being used, for hate as well."

According to the website Know Your Meme, as a prank, 4chan users in 2017 launched a campaign to flood social media with posts linking the "OK" hand gesture to the white power movement. Commenters on the message board appropriated images of people posing in the White House and other locations making the hand symbol as proof that it was catching on.

Segal said that while many of those images were misconstrued by users on the online message boards, the number of people espousing hate while using the gesture has grown so widespread that it can no longer be considered a prank.

Segal pointed to the suspected white supremacist in Christchurch, New Zealand, accused of killing 51 worshippers at two mosques in March, who flashed the "OK" hand gesture during an initial court appearance.

"Over the past couple years, we've seen that the hoax was essentially successful in being applied by actual white supremacists," Segal said.

"In many ways, they took what was a trolling effort and added it to their list of symbols," he added.

The ADL established its "Hate on Display" database in 2000 as a way to help track hate groups and their symbols for law enforcement, educators and other members of the public hoping to spot potential warnings signs of anti-Semitism and other types of extremism. Since then, the database has grown to include 214 entries.

One of the more prominent additions to the database, back in September 2016, was Pepe the Frog, the big-eyed green cartoon that became a kind of mascot of the alt-right.

Other symbols among the 36 added on Thursday include "Dylann Roof's Bowlcut," a reference to the haircut worn by the white supremacist gunman who killed nine African-Americans at the Emanuel African Methodist Episcopal Church in Charleston, S.C.

Followers of Roof have incorporated the distinctive haircut into screen names such as "Bowltrash" or "The Final Bowlution" or collectively have referred to themselves as the "Bowl Gang," according to the ADL.

Another addition is "The Moon Man," a meme derived from 1980s-era McDonald's commercials that has since been hijacked by members of the alt-right, who attach racist songs, language and imagery around it.

Among the white nationalist group symbols in the database include the Rise Above Movement out of Southern California, which, according to the ADL, claims to have "the goal of fighting against the 'destructive cultural influences' of liberals, Jews, Muslims and non-white immigrants."

The ADL also featured the newly-formed American Identity Movement, which is a rebranding of Identity Evropa, considered one of the largest white supremacist groups. Members of the group participated in the Unite the Right rally in Charlottesville in 2017 that resulted in a woman's death, and some members were "doxxed," which is when someone's private information is shared publicly online. "For all practical purposes, AIM is essentially Identity Evropa with a new name and logo," the ADL said.

Jonathan Greenblatt, the ADL's CEO, said in a statement that old symbols, gestures and other images are rapidly acquiring new, hateful associations that may be too obscure for the general public to understand.

"We believe law enforcement and the public needs to be fully informed about the meaning of these images, which can serve as a first warning sign to the presence of haters in a community or school," he said.

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The 'OK' Hand Gesture Is Now Listed As A Symbol Of Hate - NPR

I ‘stormed’ Area 51 and it was even weirder than I imagined – The Guardian

In the middle of the Nevadan desert, outside a secretive US military airstrip, I found the worlds strangest social media convention.

Dozens of young, good-looking, often costumed people were running around filming each other with semi-professional video rigs. They were YouTube and Instagram stars or, more often, aspiring stars here to storm Area 51 for the benefit of their followers and free the aliens held captive within. Or at least film themselves talking about it.

Joining them was a ragged army of hundreds of stoners, UFO buffs, punk bands, rubberneckers, European tourists, people with way too much time on their hands, and meme-lords in Pepe the Frog costumes all here because of the Internet, the ironic and the earnest alike, for a party at the end of the earth.

Three months earlier, on 20 June 2019, the podcaster Joe Rogan released an interview with Bob Lazar. Lazar is a cult figure in UFO circles; he claims to have studied flying saucers at Area 51, the classified air force base in Nevada where the US government is rumored by some to make secret contact with extraterrestrial beings.

Rogans millions of listeners heard the interview.

One of those listeners was Matty Roberts, a college student, anime enthusiast and video gamer in Bakersfield, California. Inspired by the Rogan podcast, Roberts created a joke Facebook event: Storm Area 51, They Cant Stop All of Us. According to the plan, people would meet in Rachel, Nevada the closest town to Area 51 in the early morning of 20 September, then swarm the defenses and see for themselves if the government was hiding aliens.

Things snowballed. Within hours, the page had thousands of RSVPs. Within days it had more than a million. The air force warned that things would end badly for anyone attempting a raid. The FBI paid the hapless Matty Roberts a house call.

So he came up with a brilliant pivot: why not channel this momentum into a Burning Man-style music festival in the desert? He joined forces with Connie West, the operator of Rachels sole inn and restaurant, to plan what they called Alienstock.

Then came the first schism. Scornful of the internet interlopers, the Alien Research Center in nearby Hiko, Nevada, decided to host its own Area 51 event the same weekend for serious ufologists.

Roberts and West pressed on. But the town of Rachel (population: 54) lacked the infrastructure to handle thousands of conspiracy theorists and gawkers descending on rural Nevada. The local authorities feared potential calamity: people dying of dehydration in the desert, angry landowners, madmen with guns.

Things snowballed. Within hours, the page had thousands of RSVPs. Within days it had more than a million.

On 10 September, nine days before the event, Roberts backed out. He wanted no involvement in a Fyre Fest 2.0, he told the media. He accused West of being insufficiently prepared for the coming flood. Budweiser offered to sponsor a free, alternative Alienstock event in a safe, clean venue in downtown Las Vegas. Roberts urged people to go there instead.

West refused to cancel the concert in the desert. Shed already sunk thousands of dollars of her own money into the event, she told reporters as she held back tears. Alienstock would happen, she said, whether anyone liked it or not.

Now there were three rival events all happening on the same weekend one in Las Vegas, another in Rachel and a third in Hiko. No one had any idea how many people were coming.

I came equipped with a duffel bag of Hawaiian shirts and a case of vape cartridges, which I hoped to use as currency in the event of civilizational collapse in the desert.

But the desert would wait. The Area 51 Celebration in downtown Las Vegas did not get off to a promising start. When I arrived, shortly after 7pm, the outdoor venue heavily bedecked with glowing neon alien signage was mostly empty except for cops and local newscasters. A DJ blasted dubstep to a bare dancefloor. The venue even had a swimming pool, bathed in green light and watched by a bored-looking lifeguard.

I feared it might be a long night. I ordered a whiskey-and-water; the bartender filled a plastic stadium cup to the brim.

Then people started trickling in. Everyone was wearing their best alien-themed rave attire: one woman wore a shiny, and discomfitingly rubbery, head-to-toe alien costume. Another had a Rick-and-Morty-patterned dress. Three men tore up the dancefloor in matching alien-motif onesies. Someone carried a sign that said GREEN LIVES MATTER.

I talked to two people whod driven six hours from Tucson, Arizona, on a whim to attend. One was wearing a Flat Earth Society T-shirt, though he said it was ironic.

I spied Matty Roberts in the center of a swirling mass of people, holding court. He was wearing a Slayer hat and black T-shirt; his long, dark hair flowed majestically down his back. He looked like a heavy metal-listening, Mountain Dew-drinking samurai lord, surrounded by courtiers and supplicants. I fought my way over.

He was in high spirits. Im absolutely amazed at how things turned out, and its incredible, he told me as he signed autographs. I opened my mouth to ask a follow-up question but he was swallowed up again by the crowd.

By around 9pm, there were a couple hundred people jerking spasmodically to dubstep.

A woman who introduced herself as Shereel (C-H-E-R-Y-L) said she was happy to be at the rave but disappointed she couldnt make the event in the desert.

This is the first time since Roswell that people like us are all coming together, she said. Even if nothing happens, we tried.

The DJ interrupted his set to thank Matty Roberts and give a special shout-out to Bob Lazar. The crowd cheered.

A warm wind was whipping through the arena. As the wind buffeted us and the rave lights flickered overhead, you could almost believe a UFO really was about to descend.

The next morning I got in my rental car and headed north.

The outskirts of Las Vegas casinos, strip clubs, endless billboards for personal injury lawyers dropped away rapidly. Now there was just desert in every direction, stunning in its vastness and austere beauty. Mountains towered over the highway, surrounded by hilly plains of cacti and scrub.

Soon most human settlement was gone. There was nothing alongside the highway no strip malls, no fast food joints, and, I noticed, worryingly few gas stations. I had at least two hours of driving ahead, though I knew I was going in the right direction: every vehicle I saw was a police car, an RV or a news satellite van.

As I drove I listened to rightwing talk radio, then Top 40, then country, then a Bible discussion call-in show, then some Spanish-language stations, then static. A talk station interviewed the mother of a police officer killed by an undocumented immigrant. Sean Hannity made fun of the climate strike, and every talkshow discussed the New York Times recent, partly retracted accusation against Brett Kavanaugh. It was, they pointed out, yet another sign of bias in the liberal media.

Soon most human settlement was gone. There wasnt even anything alongside the highway.

The first gas station was bustling with people buying water and jerry cans of gas. In the parking lot there was a camper van marked AREA 51 HERE WE COME.

Finally, two hours north of Las Vegas, I saw the exit for State Route 375 also known, since its formal renaming in 1996, as Extraterrestrial Highway.

The US government owns thousands of square miles of land in northern Nevada. The area is big enough, and empty enough, to detonate a nuclear bomb which the government has, on hundreds of occasions.

The Groom Lake airfield Area 51 is part of a massive complex of military installations. Their activities are classified and the skies above are restricted air space. Little is known about what goes on there, though the air force tests experimental stealth aircraft, which may account for some UFO sightings.

Of course, military pilots are themselves known to report seeing what they refer to as unexplained aerial phenomena. (Even the New York Times has reported on it.)

In the 2000s, Congress established an advanced aviation threat identification program to study the problem. The program wasnt classified, but it operated with the knowledge of an extremely limited number of officials, according to Politico. The then Nevada senator Harry Reid helped secure the funding.

Thats the end of the history lesson. The reader is free to investigate further and come to their own conclusions.

On the way to Rachel, I stopped at the rival festival at the Alien Research Center in Hiko. It was heavy on souvenir sellers, though there were some hardcore ufologists. A group called the Mutual UFO Network (Mufon) gave me a pamphlet offering certification to be a field investigator.

If anything, the ufologists were more the exception than the rule. I had expected most Area 51 Stormers to be conspiracy theorists, 4chan types, or people on the fringe political spectrum, but a lot probably most were normies on a lark, or foreigners in search of peak Americana.

Two young men one Swiss German, the other Japanese told me they were friends whod met at an English as a second language program in New York. A group of Britons told me theyd been taking a road trip up the west coast, heard about the Area 51 business, and decided to take a detour.

This was a common theme: Well, Id been thinking about taking a road trip anyway, sooo

When my car turned the last switchback into the valley toward Area 51, the car radio, theretofore static, suddenly started blasting Smetanas M Vlast in eerie, crystal-perfect sound. The aliens, it seemed, were classical music buffs.

Rachel came into view a tiny, one-horse town besieged by cars and tents and camper vans. Including the cops, EMTs, festival organizers, and so on, there looked to be a couple thousand people not the two million who had RSVPd to the Facebook event, nor the 30,000 the sheriff feared, but more than I thought would follow through.

Contrary to the wild warnings about a Fyre festival 2.0, things appeared mostly under control. Festival marshals waved me along to an assigned lot.

My neighbors at the parking lot-slash-campsite were a punk band called Foreign Life Form. They werent part of the planned music lineup, one Life Form explained as he ate Chef Boyardee room-temperature from a can, but when they heard about Alienstock, it seemed like fate. They were trying to find the concert organizer to get added to the billing. To help seal the deal theyd painted their faces and arms green.

My other neighbor, an erudite, joint-smoking history podcaster from Oregon, wore a T-shirt that said Take me to your dealer. He and his son had had the shirts custom-made; the Life Forms were disappointed they couldnt buy some.

Getting to the actual entrance to Area 51 took another 20 minutes of driving on an unmarked, unpaved road. Clouds of chalk billowed behind the cars coming and going.

At the end of the road was a drab military checkpoint flanked by concertina wire and threatening signs. The sign prohibiting photography was clearly a dead letter.

Rotating shifts of law enforcement officers of every variety sheriffs deputies, state troopers, game wardens, park rangers kept a watchful eye on everything. They seemed relaxed, though, and looked like they were having as good a time as the ostensible Stormers. After all, this was an excuse for them to hang out at Area 51, too.

(To my knowledge, no one actually raided Area 51, besides the two Dutch YouTubers who had tried to sneak through the perimeter two weeks earlier and ended up in jail instead.)

In addition to YouTube vloggers and Instagram influencers, there were more than a few actual journalists. Watching them scurry around diligently with tape recorders reminded me that I needed to find a Quirky Character who could give On-Scene Color. A talkative UFO buff would be ideal but the other journalists had already claimed most of the good ones.

I couldnt avoid noticing a pair of men in huge, papier-mache Pepe the Frog heads. The vloggers loved them, and the Pepes enjoyed mugging for the cameras. My God, a girl said, theyre adorable.

Under their frog heads, the Pepes were two young Latino guys from California. When I asked them what they thought of the frogs association with the alt-right, one seemed confused. The other nodded in recognition but claimed he just thought the symbol was fun.

He said, Its all about the

Memes, finished the other. They both laughed.

I asked if it wasnt weird for them, as Latinos, to embrace a symbol affiliated with white nationalists.

Yeah, I mean, theyre a little, like, extreme for me sometimes, one said. But sometimes you feel like theyre right about some stuff.

I said, Like what?

Like clown world.

What?

Clown world.

What?

Like the idea that were all living in a world of clowns, he clarified.

Tendrils of fog hung over Alienstock. The temperature was dropping fast and the sun was low and pink in the sky. The sunset was sublime but I had a long drive to my motel ahead and a sick feeling that I should have left half an hour ago.

I bade farewell to the history podcaster. He reminded me that the area was open grazing land. Watch out for the steer, he said. They go right out into the road.

The next morning I debated whether to squeeze in another trip out to Alienstock and couldnt quite find the willpower. It was time to get back to civilization, I decided. Or at least Las Vegas.

I stopped at the gas station in Alamo, near Rachel. The town felt hungover, and it still had a day to go. Most of the locals seemed unsure quite how to feel about the whole thing. It was a boon to the local economy, yes, but also a financial disaster for the county government. There were rumors that the district attorney was planning to sue Connie West, or Matty Roberts, or even Facebook.

Most, though, just seemed excited at the idea that their corner of the world might become something bigger than a gas stop on the way elsewhere.

Everyone vowed that next year, theyd be ready.

Continued here:

I 'stormed' Area 51 and it was even weirder than I imagined - The Guardian

What the uncanceling of Pepe the Frog just for HK protests, though tells us about US media – RT

Having written hundreds of articles demonizing the amphibian meme as inherently sinister, news outlets have had to perform a quick 180 now that he has been adopted as the mascot of the Hong Kong protest movement.

Pepe the Frog has been everywhere during the past six months of anti-government demonstrations in the Chinese city as a flash graffiti drawn on and washed off walls, a doll holding placards with political slogans and calling for political changes from custom-made t-shirts, in user-made pictures and cartoons circulated on social media and in organizers WhatsApp and Telegram groups.

For the Western media slavishly dedicated to covering the demonstrations from the protesters perspective, this has been awkward, yet impossible to ignore.

Is this not the same Pepe whose alternately self-satisfied and downbeat visage was used as a vehicle for alt-right talking points prior to the 2016 election? The one that candidate Hillary Clinton dedicated a special warning to on her website, saying he had been almost entirely co-opted by white supremacists? The one that the Anti-Defamation League still considers a hate symbol even in its unaltered form?

The simplest route has been to wave this away as a coincidence, with almost every mainstream media article at pains to emphasize that the Hong Kong protesters are not alt-right, and were entirely unaware of the connotations of the cartoon frog, which do not apply outside the US.

More sophisticated explanations have celebrated reclaiming Pepe, recalling that he had begun his life as a stoner joke for a minutiae-obsessed apolitical web cartoon by artist Matt Furie back in 2005, three years before alt-right was even a word.

All that might be correct if not for the glaring similarities between how Pepe was used three years ago and now that make it hard to believe that the current green frog had no lineage.

In both cases the cartoon gave a chance for protest movements to challenge the establishment through his sly subversion. Is Pepe trolling you or is he being serious? When he cries is that just a cheap joke, or a comment about grave imbalances of power? Using him as a truth-sayer figure couched in levels of irony, disarms, gives plausible deniability, and most of all, reflects the young, media-savvy culture that permeates both the Hong Kong movement squaring up to the might of Beijing, and the 4Chan provocateurs who helped Donald Trump get elected against the prevailing cultural winds.

After all the slogan of the Hong Kong crowds is a Bruce Lee quote:be water. Once again, it plays up the amorphousness and flexibility, the anonymity and persistence of the crowd, whether mass-posting online or occupying a public space, trying to shake up the monolithic structures of the ruling elite.

Yet the difference in the coverage, depending on the narrative, is stunning. A satirical cartoon can become the new swastika, and the new swastika can become a symbol of freedom, all without changing. These biases can be seen through the contrasting coverage of say the Yellow Vests and Black Lives Matters or the Maidan protests, but here is a rare test case.

Certainly, the protesters in Hong Kong arent drawing up Hitler mustaches on their Pepes, or making them gloat outside of gas chambers. But frankly, neither did most of the images that circulated through the image boards and continue to crop up in Twitter discussions today. The vilification was largely intellectually dishonest, and relied on picking unrepresentative examples to marginalize what is already a minority hidden on the outskirts of polite internet discourse.

It was also ineffective. Just as Pepe did not die, but returned through ever more postmodernist reincarnations, including the anarchic and popular Clown Pepe who comments on the absurdities of political correctness or the latest big tech censorship, and now again, half-a-world away.

There is a lesson here: you can call Pepe far-right, and equate the OK gesture to Heil Hitler!

But if any dissenters remain, and you are suppressing their ideas, not debating them, the internet will find a way. And for all your billions, armies, and news channels you will be the ones forced to spend your time mass-deleting pictures of memes off the internet to keep your grasp on power.

By Igor Ogorodnev, senior writer at RT

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.

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What the uncanceling of Pepe the Frog just for HK protests, though tells us about US media - RT

Ripple Price Forecast: XRP vs SWIFT, SEC Updates, and More

Ripple vs SWIFT: The War Begins
While most criticisms of XRP do nothing to curb my bullish Ripple price forecast, there is one obstacle that nags at my conscience. Its name is SWIFT.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the king of international payments.

It coordinates wire transfers across 11,000 banks in more than 200 countries and territories, meaning that in order for XRP prices to ascend to $10.00, Ripple needs to launch a successful coup. That is, and always has been, an unwritten part of Ripple’s story.

We’ve seen a lot of progress on that score. In the last three years, Ripple wooed more than 100 financial firms onto its.

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Cryptocurrency News: Looking Past the Bithumb Crypto Hack

Another Crypto Hack Derails Recovery
Since our last report, hackers broke into yet another cryptocurrency exchange. This time the target was Bithumb, a Korean exchange known for high-flying prices and ultra-active traders.

While the hackers made off with approximately $31.5 million in funds, the exchange is working with relevant authorities to return the stolen tokens to their respective owners. In the event that some is still missing, the exchange will cover the losses. (Source: “Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds,”.

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Cryptocurrency News: Looking Past the Bithumb Crypto Hack

Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News
On the whole, cryptocurrency prices are down from our previous report on cryptos, with the market slipping on news of an exchange being hacked and a report about Bitcoin manipulation.

However, there have been two bright spots: 1) an official from the U.S. Securities and Exchange Commission (SEC) said that Ethereum is not a security, and 2) Coinbase is expanding its selection of tokens.

Let's start with the good news.
SEC Says ETH Is Not a Security
Investors have some reason to cheer this week. A high-ranking SEC official told attendees of the Yahoo! All Markets Summit: Crypto that Ethereum and Bitcoin are not.

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Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News: XRP Validators, Malta, and Practical Tokens

Cryptocurrency News & Market Summary
Investors finally saw some light at the end of the tunnel last week, with cryptos soaring across the board. No one quite knows what kicked off the rally—as it could have been any of the stories we discuss below—but the net result was positive.

Of course, prices won’t stay on this rocket ride forever. I expect to see a resurgence of volatility in short order, because the market is moving as a single unit. Everything is rising in tandem.

This tells me that investors are simply “buying the dip” rather than identifying which cryptos have enough real-world value to outlive the crash.

So if you want to know when.

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Cryptocurrency News: XRP Validators, Malta, and Practical Tokens

Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto

Cryptocurrency News
This was a bloody week for cryptocurrencies. Everything was covered in red, from Ethereum (ETH) on down to the Basic Attention Token (BAT).

Some investors claim it was inevitable. Others say that price manipulation is to blame.

We think the answers are more complicated than either side has to offer, because our research reveals deep contradictions between the price of cryptos and the underlying development of blockchain projects.

For instance, a leading venture capital (VC) firm launched a $300.0-million crypto investment fund, yet liquidity continues to dry up in crypto markets.

Another example is the U.S. Securities and Exchange Commission's.

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Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto

Cryptocurrency News: Bitcoin ETF Rejection, AMD Microchip Sales, and Hedge Funds

Cryptocurrency News
Although cryptocurrency prices were heating up last week (Bitcoin, especially), regulators poured cold water on the rally by rejecting calls for a Bitcoin exchange-traded fund (ETF). This is the second time that the proposal fell on deaf ears. (More on that below.)

Crypto mining ran into similar trouble, as you can see from Advanced Micro Devices, Inc.'s (NASDAQ:AMD) most recent quarterly earnings. However, it wasn't all bad news. Investors should, for instance, be cheering the fact that hedge funds are ramping up their involvement in cryptocurrency markets.

Without further ado, here are those stories in greater detail.
ETF Rejection.

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Cryptocurrency News: Bitcoin ETF Rejection, AMD Microchip Sales, and Hedge Funds

Cryptocurrency News: What You Need to Know This Week

Cryptocurrency News
Cryptocurrencies traded sideways since our last report on cryptos. However, I noticed something interesting when playing around with Yahoo! Finance’s cryptocurrency screener: There are profitable pockets in this market.

Incidentally, Yahoo’s screener is far superior to the one on CoinMarketCap, so if you’re looking to compare digital assets, I highly recommend it.

But let's get back to my epiphany.

In the last month, at one point or another, most crypto assets on our favorites list saw double-digit increases. It’s true that each upswing was followed by a hard crash, but investors who rode the trend would have made a.

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Cryptocurrency News: What You Need to Know This Week

Cryptocurrency News: New Exchanges Could Boost Crypto Liquidity

Cryptocurrency News
Even though the cryptocurrency news was upbeat in recent days, the market tumbled after the U.S. Securities and Exchange Commission (SEC) rejected calls for a Bitcoin (BTC) exchange-traded fund (ETF).

That news came as a blow to investors, many of whom believe the ETF would open the cryptocurrency industry up to pension funds and other institutional investors. This would create a massive tailwind for cryptos, they say.

So it only follows that a rejection of the Bitcoin ETF should send cryptos tumbling, correct? Well, maybe you can follow that logic. To me, it seems like a dramatic overreaction.

I understand that legitimizing cryptos is important. But.

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Cryptocurrency News: New Exchanges Could Boost Crypto Liquidity

Cryptocurrency News: Vitalik Buterin Doesn’t Care About Bitcoin ETFs

Cryptocurrency News
While headline numbers look devastating this week, investors might take some solace in knowing that cryptocurrencies found their bottom at roughly $189.8 billion in market cap—that was the low point. Since then, investors put more than $20.0 billion back into the market.

During the rout, Ethereum broke below $300.00 and XRP fell below $0.30, marking yearly lows for both tokens. The same was true down the list of the top 100 biggest cryptos.

Altcoins took the brunt of the hit. BTC Dominance, which reveals how tightly investment is concentrated in Bitcoin, rose from 42.62% to 53.27% in just one month, showing that investors either fled altcoins at higher.

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Bitcoin Rise: Is the Recent Bitcoin Price Surge a Sign of Things to Come or Another Misdirection?

What You Need to Know About the Bitcoin Price Rise
It wasn't that long ago that Bitcoin (BTC) dominated headlines for its massive growth, with many cryptocurrency millionaires being made. The Bitcoin price surged ever upward and many people thought the gravy train would never stop running—until it did.

Prices crashed, investors abandoned the space, and lots of people lost money. Cut to today and we're seeing another big Bitcoin price surge; is this time any different?

I'm of a mind that investors ought to think twice before jumping back in on Bitcoin.

Bitcoin made waves when it once again crested above $5,000. Considering that it started 2019 around $3,700,.

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Bitcoin Rise: Is the Recent Bitcoin Price Surge a Sign of Things to Come or Another Misdirection?

Ripple Price Forecast: XRP vs SWIFT, SEC Updates, and More

Ripple vs SWIFT: The War Begins
While most criticisms of XRP do nothing to curb my bullish Ripple price forecast, there is one obstacle that nags at my conscience. Its name is SWIFT.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the king of international payments.

It coordinates wire transfers across 11,000 banks in more than 200 countries and territories, meaning that in order for XRP prices to ascend to $10.00, Ripple needs to launch a successful coup. That is, and always has been, an unwritten part of Ripple’s story.

We’ve seen a lot of progress on that score. In the last three years, Ripple wooed more than 100 financial firms onto its.

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Ripple Price Forecast: XRP vs SWIFT, SEC Updates, and More

Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto

Cryptocurrency News
This was a bloody week for cryptocurrencies. Everything was covered in red, from Ethereum (ETH) on down to the Basic Attention Token (BAT).

Some investors claim it was inevitable. Others say that price manipulation is to blame.

We think the answers are more complicated than either side has to offer, because our research reveals deep contradictions between the price of cryptos and the underlying development of blockchain projects.

For instance, a leading venture capital (VC) firm launched a $300.0-million crypto investment fund, yet liquidity continues to dry up in crypto markets.

Another example is the U.S. Securities and Exchange Commission's.

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Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto

Cryptocurrency News: Looking Past the Bithumb Crypto Hack

Another Crypto Hack Derails Recovery
Since our last report, hackers broke into yet another cryptocurrency exchange. This time the target was Bithumb, a Korean exchange known for high-flying prices and ultra-active traders.

While the hackers made off with approximately $31.5 million in funds, the exchange is working with relevant authorities to return the stolen tokens to their respective owners. In the event that some is still missing, the exchange will cover the losses. (Source: “Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds,”.

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Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News
On the whole, cryptocurrency prices are down from our previous report on cryptos, with the market slipping on news of an exchange being hacked and a report about Bitcoin manipulation.

However, there have been two bright spots: 1) an official from the U.S. Securities and Exchange Commission (SEC) said that Ethereum is not a security, and 2) Coinbase is expanding its selection of tokens.

Let's start with the good news.
SEC Says ETH Is Not a Security
Investors have some reason to cheer this week. A high-ranking SEC official told attendees of the Yahoo! All Markets Summit: Crypto that Ethereum and Bitcoin are not.

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Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News: What You Need to Know This Week

Cryptocurrency News
Cryptocurrencies traded sideways since our last report on cryptos. However, I noticed something interesting when playing around with Yahoo! Finance’s cryptocurrency screener: There are profitable pockets in this market.

Incidentally, Yahoo’s screener is far superior to the one on CoinMarketCap, so if you’re looking to compare digital assets, I highly recommend it.

But let's get back to my epiphany.

In the last month, at one point or another, most crypto assets on our favorites list saw double-digit increases. It’s true that each upswing was followed by a hard crash, but investors who rode the trend would have made a.

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Cryptocurrency News: XRP Validators, Malta, and Practical Tokens

Cryptocurrency News & Market Summary
Investors finally saw some light at the end of the tunnel last week, with cryptos soaring across the board. No one quite knows what kicked off the rally—as it could have been any of the stories we discuss below—but the net result was positive.

Of course, prices won’t stay on this rocket ride forever. I expect to see a resurgence of volatility in short order, because the market is moving as a single unit. Everything is rising in tandem.

This tells me that investors are simply “buying the dip” rather than identifying which cryptos have enough real-world value to outlive the crash.

So if you want to know when.

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Bitcoin Rise: Is the Recent Bitcoin Price Surge a Sign of Things to Come or Another Misdirection?

What You Need to Know About the Bitcoin Price Rise
It wasn't that long ago that Bitcoin (BTC) dominated headlines for its massive growth, with many cryptocurrency millionaires being made. The Bitcoin price surged ever upward and many people thought the gravy train would never stop running—until it did.

Prices crashed, investors abandoned the space, and lots of people lost money. Cut to today and we're seeing another big Bitcoin price surge; is this time any different?

I'm of a mind that investors ought to think twice before jumping back in on Bitcoin.

Bitcoin made waves when it once again crested above $5,000. Considering that it started 2019 around $3,700,.

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