The World-Soul, Natura and Mother Earth – Patheos

Viv Lynch: Mother Earth: The Legend of Aataentsic / flickr

When not dealing with dogmatic issues, the Christian faith allows for a great diversity of thought. This is why there are a variety of theological schools of thought, each which promote the basics of the faith, but otherwise differ radically from each other in various different ways.[1]

Christians can differ with each other on many of the characteristics which they predicate to creation as a whole, as well as to each particular object within creation. What might seem to be absolutely absurd to one Christian can seem to be perfectly true to another. Thus, for example, Christians can believe in the existence of alien life, but they are also free to deny it[2]. Each person will have their reasons for their beliefs, and each can be a perfectly orthodox Christian thinker despite the differences of their beliefs. Indeed, they can be wrong about such secondary things and still be perfectly sound in their Christian faith.

We find some medieval Christians believed that God has given intellectual life not only to humanity, but to the planets and stars in the heavens. Likewise, no one less than St. Augustine himself considered it possible that the Earth itself was alive, that is, that it had a soul of its own, allowing it to be treated as another sentient being of God. To be sure, Augustine was not certain, and left the question open, as to whether or not the Earth should be seen as having such life, but in his early works, there are indications that he accepted the notion of the world-soul, granting the Earth life. Thus, in his Immortality of the Soul, he said Hence, the body subsists through the soul and exists by the very fact that it is animated, whether universally, as is the world, or individually, as is each and everything that has life within the world.[3] When he reflected upon the matter further, he did not deny the possibility, but only came out agnostic about it:

But if this same beauty be understood as applying to all bodies, this opinion compels one to believe that this world itself is an animate being so that what in it imitates constancy is also transmitted to it through the soul by the supreme God. But that this world is an animate being, as Plato and numerous other philosophers thought, I have not been able to investigate by solid reasoning, nor have I found that I accept this idea on the authority of the Sacred Scriptures. Hence, something said by me, too, in the book, On the Immortality of the Soul, which can be interpreted in this way, I have noted was said rashly not because I maintain that this is false, but because I do not understand that it is true that the world is an animate being. For, assuredly, I do not doubt that it must be firmly maintained that this world is not God for us, whether it has any soul or no soul, because if it has a soul, He who created it is Our God; if it is not animated, it cannot be the God of anyone much less ours. [4]

What Augustine makes clear is that if someone were to believe the world is alive, that it has a soul, and so designed by a title like Mother Earth, this did not mean the Christian saw in it a replacement for God. They understood it to be a creature of God, though one worthy of respect because of the greatness God gave to it in its creation. Indeed, like Origen, they said we could consider the Earth itself to be an animal with some level of self-government:

Although the whole world is arranged into offices of different kinds, its condition, nevertheless, is not to be supposed as one of internal discrepancies and discordances; but as our one body is provided with many members, and is held together by one soul, so I am of opinion that the whole world also ought to be regarded as some huge and immense animal, which is kept together by the power and reason of God as by one soul.[5]

Later generations would take up similar ideas with the notion of a personified form of Nature, Natura, which could be (but does not have to be) seen as something separate from Mother Earth. Indeed, it is often through the notion of some world-soul, or Natura, that many Christians used to explain away any and all sense of rational activity from animals, for it would be said that such rational behavior came from the world-soul directing the actions of animals in the world.[6]

Looking beyond the Earth, St. Thomas Aquinas, looking upon the stars, suggested some intelligence existed behind the stars and their movement in the sky

Nor does it make any difference, as far as our present purpose is concerned, whether a heavenly body is moved by a conjoined intellectual substance which is its soul, or by a separate substance; nor whether each celestial body is moved immediately by God, or whether none is so moved, because all are moved through intermediary, created, intellectual substances; nor whether the first body alone is immediately moved by God, and the others through the mediation of created substancesprovided it is granted that celestial motion comes from intellectual substance. [7]

We might think it strange to consider the stars (and planets) to be living things, with wills and intellects of their own, but to the medieval mind, as well as to the ancient Christian mind, as well as to many of the philosophers, it seemed to be the most natural explanation for their movement. They were more connected with their natural good, being in the heavens, so their actions were more stable, more predictable. They loved God, and circled around in the heavens just as a holy soul will circle around God in eternity. Christians, then, could accept a cosmology which allowed for a great diversity of beings, indeed, of a great variety of intellectual beings, in the universe, some of which were far more stable in their relationship with God than humanity. But, as C.S. Lewis pointed out, this did not turn such creatures into gods to be worshiped in place of God. Indeed, they rarely were looked upon and invoked by the ordinary Christian, while the saints were:

We might expect that a universe so filled with shining superhuman creatures would be a danger to monotheism. Yet the danger to monotheism in the Middle Ages clearly came not from a cult of angels but from the cult of the Saints. Men when they prayed were not usually thinking of the Hierarchies and Intelligences. There was, not (I think) an opposition, but a dissociation between their religious life and all that. [8]

Now, it might seem strange to some Christians today to hear that many Christians believed in the existence of a spiritual substance lying behind the stars, or the Earth itself. This is because of the change of perspective which happened as a result of the Enlightenment. Many principles and beliefs which came after the Enlightenment have been so normative that many Christians today assume not only that they are true, but they are normative for the Christian faith. For with the Enlightenment has come the notion that animals do not have souls, a notion which many think is a Christian teaching, despite the fact it has been normative in the Christian tradition to teach they do. If animals do not have souls, then it is not hard to understand how and why the rest of the universe became dead, treated as if it were not alive. Anyone says contrary to this are treated as insane, if they come from the developed world, are as people holding non-Christian pagan beliefs, if they do not.

Nonetheless, as tradition shows, it is not Christianity which says we must reject the notion of Mother Earth. And though the Enlightenment might have at one time led to the ridicule of that notion, scientists are now considering the possibility that the interdependent relationship of all that exists on the Earth itself demonstrates some sort of life which can be attributed to it (via the Gaia hypothesis). Obviously what the scientists consider is not exactly the same thing as Christian metaphysicians, as science in general knows nothing of the notion of soul, and so what a scientist looks for to determine whether or not something is alive will differ from the metaphysical standard. But if science can determine something is alive, then, by that fact, it should be said to have a soul, for the most elementary notion of the soul (metaphysically) is that it is the life-force which makes something alive. So, what once was believed, then became ridiculed, now can be believed again, with greater reason than before. The radical metaphysical notion which was normalized by the Enlightenment has been brought into question, and so Christians, taking seriously the new insights of science can take seriously once again the question of Mother Earth and accept that there is some truth to the notion. In doing so, then, they can find themselves bridging the gap between themselves and indigenous societies which never lost sight of Mother Earth. Inculturation allows for Christianity thought to grow beyond the dead-ends of the past because it allows Christians to come in contact with those who did not follow those dead-ends, and so who were not corrupted by the implications they gave. Non-Western societies which did not fall for the worst parts of the Enlightenment, far from being primitive and worthy of ridicule, actually can help give back to Christianity a spirituality it lost due to modernity.

The Western tradition has dishonored, indeed, defiled the Earth. Those who have continued to hold the Earth in honor are spiritually more astute than those who have dishonored it. Now, it is time to recognize that we are called to honor the Earth, perhaps even to recognize Mother Earth (either as a symbol, or if we want, as a reality) and do so in a way which does not dishonor the creator, but instead, as a way to honor him as well. Those who would dismiss such a response to the Earth and call it idolatrous are only trying to justify their own sins against creation, and through creation, against God. Would they call it idolatrous if people honored them, showed them respect instead of abused them? Obviously not. Therefore, they know full well honoring something in creation, respecting it, does not go against God. It is clear that their argument is pure sophistry, the kind used to justify the unjustifiable.

The Christian faith allows for diverse opinions. We might not come to it with the same world view. We do not have to. Even if what someone else believes is odd and silly, so long as it does not contradict the faith itself, it is permissible. And if history has shown us anything, what some at one time think is silly and indefensible, ends up being the truth. Common sense more often than not is a cultural construct which often impedes the discernment of the truth. We do not have to agree with others, if we think they are wrong, but likewise, we must be careful and not condemn them for their beliefs if there is nothing in them which runs contrary to Christian teaching on faith or morals. For we must try to ascertain the view of others in the best light possible.

[1] Obvious examples include, but are not limited to, Augustinians, Thomists, Bonaventurians, and Scotists.

[2] So long as such life has not been encountered, obviously. Once it has, then it will be silly to deny its existence, just as it is now silly to accept a flat Earth.

[3] St. Augustine, The Immortality of the Soul in Writings of St. Augustine. Volume 2. Trans. Ludwig Schopp (New York: CIMA Publishing Company, 1947), 43-44.

[4] Saint Augustine, The Retractions. Trans, Mary Inez Bogan, RSM (Washington, DC: CUA Press, 1968), 47-48.

[5] Origen, De Principii in ANF(4):269.

[6] Nonetheless, belief in Mother Earth, or Natura, or the world-soul does not require this interpretation, that is, it does not necessitate we deny reason to animals, just as we do not deny it for ourselves.

[7] Saint Thomas Aquinas, Summa Contra Gentiles. Book Three: Providence. Part I. trans. Vernon J. Bourke (Garden City, NY: Hanover House, 1956), 93 [chapter 23].

[8] C.S. Lewis, The Discarded Image (Cambridge: Cambridge University Press, 1964; repr. 1988), 120.

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The World-Soul, Natura and Mother Earth - Patheos

Seattle City Council election results set the stage for transformative change – Real Change News

Seattle may finally be ready for something new. The electoral victories of socialist Kshama Sawant, democratic socialist Tammy Morales and the rejection of all the corporate-backed candidates, except one, sets the table for policy changes. The decisive leftward swing on the council and the repudiation of all but one of the Amazon-backed candidates paves the way for major shifts in affordable housing, police accountability, climate policy, restorative justice, homeless services, rent control and more.

It may seem that a third term for Sawant maintains the status quo. This superficial understanding is precisely the narrative promoted by the Seattle Metropolitan Chamber of Commerce and their candidates.

But, as J.R.R. Tolkiens Bilbo Baggins said, the third time pays for all. With this election, Sawant is no longer a council outlier. When the City Council is sworn in, she will be the longest-serving member and she will have strong allies. This election is a game-changer and a deal-sealer in our city politics.

A few years ago, the poorly branded head tax was unanimously adopted by the City Council as a way to build affordable housing by taxing big businesses. Amazon temporarily stopped construction on a building and reminded everyone they were going to build an alternative headquarters in a different city, scaring every councilmember but Sawant and Teresa Mosqueda into rescinding the tax.

In January, Amazon and the Chamber will face a City Council that has every reason to reinstate the policy with gusto (hopefully with a more appealing name and greater emphasis on targeting the big businesses that can afford it). Even Councilmember Lorena Gonzalez showed up at a rally at the Amazon spheres protesting the companys massive spending. The winds of change are no longer swirling in turbulent circles they are about to blow into laminar flow.

Becoming ready for something new takes more time than we wish. We are eager to embrace stark and clean change narratives, but that is not real life. Recovery communities teach us that relapse is usually part of recovery. When we wish to adopt habits of exercise, creative expression or spiritual practice, it takes multiple attempts before we succeed. The sacred texts of many religions tell stories of cyclical changes rather than linear ones. Odysseus takes a score of wrong turns on his journey. Siddhartha pursues dead ends to enlightenment before becoming the Buddha. Saint Peter is revealed as a fool, coward and doubter again and again on his way to becoming the rock on which the revolutionary Jesus movement would be built. Perseverance and the humility to evolve is at the heart of a real change narrative.

The lesson I am taking from this election is that change does not come in a single night, through a single action or through a single person. Change does not come even in a single year, by a single strategy or from a single movement. Transformation is a slow, rocky, gritty process, but it is not a fantasy. When the time is right, the heart is prepared and the table has been set, both soul and society may finally be ready for something new.

Rev. John Helmiere is the convener of Valley & Mountain-Hillman City.

Read the full Nov. 13 - 19 issue.

2019 Real Change. All rights reserved.| Real Change is a non-profit organization advocating for economic, social and racial justice since 1994. Learn more about Real Change and donate now to support independent, award-winning journalism.

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Seattle City Council election results set the stage for transformative change - Real Change News

Dispatches #2 and #3 from Doc NYC: Mr. Toilet: The World’s #2 Man and We Believe in Dinosaurs – Bright Lights Film Journal

Mr. Toilet.

This is the second (and third) in a series of reviews by our New York correspondent Claire Baiz of entries in this yearsDoc NYC, the Big Apples and one of the worlds premier documentary festivals, running November 6-15.

* * *

MR. TOILET: THE WORLDS #2 MAN

Toilet is a spiritual room. Theres a man behind an opaque door, going about his business. Let go, the voice says. Connect to the Universe.

That voice belongs to Jack Sim. When we meet him, suffice it to say hes not conserving toilet paper.

Sim, a native of Singapore, is famous. Hes done a TED Talk. Hes won dozens of international awards, including a commendation by Britains Queen Elisabeth. Now hes a movie star.

Sim uses energetic humor to disarm people. Still, Sim knows this shit is serious: sanitation is perhaps the number one cause of death in the undeveloped world. Forty percent of earths population doesnt have access to a toilet. Its not just the disease, sanitation, and smell that rankle Sim its pollution and crime: rivers are defiled, and girls are raped every day simply because they dont have a place to go.

Mr. Toilet: The Worlds #2 Man, is an intimate portrait of a businessman-turned-activist who has dedicated the last 22 years of his life to something most of us dont want to talk about.

Its also the first feature-length documentary by Accelerator Lab grantee Lily Zepeda. The amount of time and resources Zepeda dedicated to defecation is brave especially for a new filmmaker. Even Sim complains that when it comes to philanthropic priorities, Shit is on the bottom.

Sanitation is Sims passion. Hes the founder of the WTO not the World Trade Organization but the World Toilet Organization, headquartered in a modest, crowded upstairs office in Singapore. Our job, one WTO staffer says, is to keep Jack focused. Sim is a fountain of ideas, a dangerous thing when it comes to toilets.

When Mr. Toilet starts out, the WTO has nine staffers, lots of decorated toilets and poop-shaped hats. By the end of the movie, some shit has hit the fan.

Theres more to this movie than social ills and cheap jokes.

This is the story of Sims difficult journey, a hard lesson in not giving up and the importance of turning our own lives into performance art.

Sims takes joy in realizing a creative vision, whether its paint on canvas, stickers on a public streetlight, or dodging poo piles beside train tracks.

Zepeda follows Sim from Singapore to rural China and Indias Andhra Pradesh province, where he works hard to make toilets sexy.

While she doesnt flinch from shovelfuls of human feces, Zepeda softens the story with effective animation. The most poignant moments in the film are when Zepeda captures the effervescent Sim as his bubbles disappear, and begin to ferment again.

My job isnt to build toilets, Sim says. My job is to motivate people to build their own toilets.

Especially in places where the need is urgent, toilets are a hard sell. Sim and his Indian counterpart, Dr. Bindeshwar Pathak, work to implement Prime Minister Modis promise to build toilets for the people of Andar Pradesh province. Sim and Pathak are given two years to install six million toilets (thats over 8,200 toilets per day).

Its a logistical nightmare, notwithstanding Indias bureaucracy and 5,000 years of cultural tradition that urges Indians to keep their homes clean and go outside. Now the government wants toilets IN the house?

Sims successes may be smaller than he hopes, but he always seems to build momentum. In a Q&A after the DOC NYC screening, Sims reported the Chinese government has promised to put toilets in all rural schools.

I appreciate Zepetas unflinching portrait and were all better off because Jack Sim gives a shit.

* * *

WE BELIEVE IN DINOSAURS

Why were there were baby dinosaurs on Noahs Ark? Because adult dinosaurs were too big.

We Believe in Dinosaurs asserts there were dinosaurs on the ark, but doesnt try to explain what happened to brontosaurus and triceratops after the ark went aground.

As far as we know, one creationist shrugs, they arent here anymore.

We Believe in Dinosaurs co-directors Monica Long Ross (The Believers, This Has Been to Space) and Clayton Brown (The Believers, The Tennessee Waltz) allow people to speak for themselves. It was never our intention, Ross says, to make fun or mock.

The documentary had its New York City premiere this week at DOC NYC, and will be released November 19 on iTunes. Its also scheduled to air as an episode of Independent Lens on Apple TV in February.

Ken Ham, the charismatic Australian CEO of Answers in Genesis (the other AIG), allowed these filmmakers extended access to the crown jewels of his empire: the Creationist Museum and the Ark Encounter, about 40 miles apart in Kentucky.

While We Believe in Dinosaurs doesnt look down on creationists, it doesnt look up either: you wont find Bill Nye busting a capillary, or Neil deGrasse Tyson patiently explaining carbon dating. Ross and Brown wisely limit passionate discord to locals.

Its Kentucky: its hard to tell creationists and Darwinists apart. Georgia Purdom, PhD, the very picture of prim professorship, decries the term Bible stories. These arent stories, Purdom says, theyre Biblical accounts.

After Purdom, at a fast food restaurant, we meet local paleontologist Dan Phelps. In a pleasant Kentucky drawl, Phelps explains his longtime, lonely battle against taxpayer-subsidized creationism.

Phelps does have some company. Theres a minister from Williamsburg, the town that expected and failed to benefit from the Ark Encounter, and the Tri-State Freethinkers (who are, frankly, a little easier to pick out of the crowd of creationists).

Spanning the divide is fellow Kentuckian David McMillan, who, after a cosmic enlightenment of sorts, went from teenage creationist to evolution blogger.

We Believe in Dinosaurs riles folks up, but it doesnt spew wet smoke. If the friction between creationists and scientists is the engine that drives the story, the films third rail is the conflict between public interest and personal freedom.

There are lots of creationist heels dug deep in the Kentucky bluegrass. They are not alone.

Thirty-eight percent of Americans believe God created man less than 10,000 years ago. Many believe Adam and Eve were created on the sixth day, the same day God made dinosaurs.

From the racial makeup portrayed in the film, it appears there are very few people of color in the creationist camp.

Creationism, believers say, has to be true, because the Bible says so. If only part of it is true, how do you know any of it is true? (This standard, I gather, is not applied to politicians.)

From the time they are children, creationists are offered inspiration and refutation. Ham prompts a grade-school assembly over a PA system, When people say dinosaurs lived millions of years ago, what do you say?

The children shout back in unison, Were you there?

One undeniable truth is the massive infrastructure that supports creationism. Answers in Genesis owns a distribution center that rivals the warehouse in Raiders of the Lost Ark. AIG sends out hundreds of boxes of educational materials to schools where creationism is taught, either exclusively, or in some public schools, alongside evolution.

After a lengthy court battle, soon-to-be-ex-Kentucky governor Matt Bevin, a creationist, ultimately declared the Ark Encounter a tourist attraction, allowing it to collect an $18.2 million tax break. For other purposes, local paleontologist Phelps complains, the group is considered a church.

The only effect the Ark Encounter has had on nearby Williamstown is the fifty-cent fee theyve been allowed to collect on every admission ticket (general admission is $48), to pay for increased EMT services. Businesses that ramped up for tourism, like Elmers General Store, were forced to close.

A testament to the films fairness can be found in audience reaction. At a post-screening Q&A in Connecticut, a creationist grilled the filmmakers at length. After some heated banter, the creationist admitted she enjoyed the show. After the New York City screening, one audience member, a science professor, expressed concern the documentary might be used as pro-creationist propaganda.

A mural inside the Ark depicts the horror of the Great Flood and asks, Does our sin-filled world deserve any less? If that happens, dont rush to Kentucky. This Ark doesnt float.

* * *

Images courtesy of Doc NYC and YouTube.

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Dispatches #2 and #3 from Doc NYC: Mr. Toilet: The World's #2 Man and We Believe in Dinosaurs - Bright Lights Film Journal

Lights of Faith: Candles Keep Vigil, Become Votive Offerings – National Catholic Register

Not far from Puget Sound, at St. Mark Church in Shoreline, Washington, Mike Scarpelli regularly lights a five- or seven-day votive candle by the Sacred Heart statue and another votive candle before the statues of St. Joseph and the Blessed Mother on both sides of the sanctuary. He remembers as a child watching his grandmother and mother light votive candles and say prayers, always at the statue of Mary. I learned it was a special way to pray, in that case to Immaculate Mary, and also to ask for her intervention to God to hear and answer our prayers.

In Philadelphia, Vincentian Father Michael Carroll also uses candlelight to recall his loved ones in prayer.

Every time I go into a new church, I light a candle for my parents, he said. Its my custom and a way of remembering them and acknowledging them.

The votive candle also recalls some memorable pontifical moments of prayer, said Father Carroll, noting that Pope Emeritus Benedict, while visiting Ground Zero in New York City, prayed for the lost souls of the horrific Sept. 11 attack there and lit a large candle. Likewise, more recently, after the 9/11 memorial was completed, Pope Francis visited Ground Zero while a candle was lit at St. Patricks Cathedral in memory of the 9/11 victims and their families.

Neither Scarpelli, Father Carroll nor the Holy Fathers are alone in their fondness for votive candles.

Enduring Legacy

Father Carroll, current director of the Miraculous Medal Shrine in Philadelphia, said that from the 1940s to the 1960s, people lit approximately 2,500 candles every Monday during several Miraculous Medal novena services held throughout that day. After every service, the candles had to be moved to the downstairs Marian shrine chapel. Even with fewer novena services scheduled today, still approximately 400 candles are lit every Monday at the shrine.

Lighting votive candles and vigil lights is a strong tradition in the Church that began at least 1,800 years ago, when lights were burned in the catacombs at the tomb of martyrs as a sign of unity with them. The lights kept vigil; hence they were named vigil lights.

Fire and Prayer

Father Carroll points out that candles have long been recognized with prayer. Whenever the faithful light a candle and say a prayer before or after lighting it, he said, they are turning that lit candle into a continuation of our prayer as long as that candle is lit. It, too, keeps a vigil.

The word vigil comes from the Latin vigilia and means to keep watch. How? With light, explains Father Chris Alar of the Marian Fathers of the Immaculate Conception. The vigil candle we light for a period of time symbolizes how we as persons wish to remain present to the Lord in prayer even though we might leave the church and go to our own homes.

Scarpelli is comforted as he reflects on this. The light staying there as the candle is burning will continue to maintain your prayer to God.

Because the lit candle maintains that prayer, it is also called a votive candle. The terms vigil lights and votive candles or lights are basically interchangeable. The word votive comes from the Latin votum, meaning a promise or a prayer, indicating that a candle which we call a votive candle really represents our prayer before God, Father Alar said. When we light a candle, were basically giving a prayer intention. Its a physical sign of a spiritual prayer.

My prayer is in my heart, he explained. How do I show this internal prayer? The votive candle is the way we can express in a physical, tangible way our inward prayer. Our prayer is symbolized by the candle.

We dont light candles because God is going to be able to see and hear our prayer better, but because we need something visual to connect our body and our soul, he said. Even the Mass has this soul-body engagement when, for instance, we make the Sign of the Cross or kneel down.

By lighting the candle our prayer is physically represented, and we join our prayers to the light of Christ, explained Father Alar, allowing that light to burn on and on in our souls, even when we have left the church.

Thats also why these candles are official sacramentals, which, like the sacraments, are an external sign of an internal grace and involve the body and the spirit; although, unlike the seven sacraments, the Churchs sacramentals, which also include holy water and sacred images such as the crucifix, do not directly confer grace upon the faithful but prepare them to receive the graces of the sacraments (Catechism of the Catholic Church, 1669-71).

This shows my intention, Father Alar added. This candle symbolizes the prayer.

A Candle for All Reasons

The faithful illuminate up vigil lights and votive candles for any number of reasons.

Everyone has an intention when they light the candle, noted Father Carroll. They may tell a person, I will light a candle for you. Thats an expression of I will say a prayer for you.

Hes even found that when the faithful tell loved ones whove grown cold in their faith that theyve lit a votive candle for their intention, those loved ones find consolation and peace in it.

Father Alar pointed out the common practice of lighting votive candles before a saints statue to express devotion to that saint, such as St. Rita, the paton saint of impossible causes. Yet most candles are placed before Jesus and Mary. When I light a candle before the Sacred Heart or in front of the Blessed Mother, Father Alar said, it shows my devotion to them, asking for their help.

Along with showing devotion to Our Lord, Our Blessed Mother and the saints, the faithful will also light a vigil candle asking for God or his saints intercession or expressing thanksgiving for a favor granted.

St. Mark Church has many places where people can take a quiet moment and can be in peace and prayer, said Veronica Olson, pastoral assistant for liturgy and parish life. The faithful regularly light votive candles placed by every image and work of art in the church, including in the Shrine to Divine Mercy alcove, before the Infant of Prague statue, at the Piet alcove, before the Sacred Heart image and Blessed Virgin Mary and St. Joseph statues, and before the painting of St. Thrse of Lisieux.

Everyone obviously prays in thanksgiving, Olson explained. We often see people kneeling and praying. We also see people having hardship and going through trials, some weeping, some for joy raising hands any kind of emotion. They take special moments to be in the church, praying outside of normal Mass times.

Scarpelli connects lighting the candles also to different events in life, like illness in family, or death, or happier occasions and you want to emphasize your prayers to God more deeply.

Similarly, at the National Shrine of Divine Mercy in Stockbridge, Massachusetts, visitors and pilgrims can lightseven-day votive candles at different locations, such as at the Lourdes Grotto and the Immaculate Conception Candle Shrine, Holy Family Shrine, Shrine of the Holy Innocents and at Our Lady of Mercy Candle Shrine and Oratory.

As director of the Association of Marian Helpers,Father Alar said he has seen lots of answered prayers reported by the people who have lit candles with great devotion. One case was a cure of cancer. One was a pregnancy for a woman who was told she could not have children. He told the Register he hears of these answered prayers on a regular basis.

The many candles burning in the votive light racks in shrines and parish churches have another uplifting message.

As Father Carroll explained, Youre not in the church alone; youre there with the prayers of others. We know we are never alone in our prayer, and the candles around us remind us of it.

Centuries-Old Tradition

In the Tradition of the Church, the candle is a sign of Christs presence, Father Carroll emphasized.

The presence of God is shown by light, noted Father Alar, explaining that in Scripture, God is symbolized by light, and both the Old Testament and Jewish tradition are full of references to candlelight.

Light shows Gods presence in Exodus (27:20-21) and Leviticus (24:2-4). The Jews always had candles lit in the temple and synagogue.The Talmud instructs a lit lamp to be at the Ark of the Covenant because the Ark held the Torah, which is Gods presence in his written word.

This is like what we do with the Blessed Sacrament today, Father Alar said. We look for the lit candle. It shows the presence of God in the tabernacle in the Eucharist the presence of the real Body, Blood, Soul and Divinity of our God, Jesus Christ.

We also see this in the Pascal candle at the Easter vigil, when the priest says, Christ, our light. Our individual candles are lit from that Pascal candle, which symbolizes our light being united with the light of Christ.

Father Alar quoted Scripture to recall how Jesus revealed, I am the light of the world (John 8:12). Jesus made clear, I have come as light into the world (John 12:46). Christs words largely inform the tradition of candlelight as a symbol for the Savior of the world.

With this in mind, in the Middle Ages, a candles beeswax symbolized the purity of Jesus, its wick the human soul of Christ, and its light his divinity.

Father Alar associated this enlightenment to our lighting candles. This is very powerful, not the candle in and of itself. Its what is symbolizes: the light of Christ.

Light From Light

Father Alar concluded, The beauty of the votive candle is that the light signifies our prayer offered, united in faith going to the light of God. So with the light of faith, we basically ask Our Lord or a saint in prayer to help us. We ask the light be given to the Light, which is God.

In the last several years, some places have made a slight change with votive candles and vigil lights. Some parishes have replaced wax or paraffin candles with electric or battery-powered ones.

Fire safety is something were more conscious of, explained Father Carroll from the Miraculous Medal Shrine, which has switched to battery-operated candles. Prayers are the same, he assured. Its really the light rather than whether the light is electric or wax. Its the light, not the method for votive candles. This is not true of all candles, however, as the Church does specify, for instance in the case of the Paschal candle, that a candle cannot be electric and must consist at least in part of beeswax.

Father Alar concurred. Electric is an acceptable form of votive candle used in shrines for prayer intentions. The strength of the prayer is by the love with which you make it.

Joseph Pronechen is a Register staff writer.

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Lights of Faith: Candles Keep Vigil, Become Votive Offerings - National Catholic Register

The origins of Bitcoin: BTC deviates from Bitcoin protocol – CoinGeek

This series looks back on the history of Bitcoin. Read parts one, two, three, four, five,six, seven, and eight.

Bitcoin may be 11 years old, but it wasnt really until the major price explosion of 2017 that global interest truly began. Media outlets hyped the price increases as BTC went from $100 to almost $20,000, and there was suddenly a spike in global interest of using cryptocurrency as an investment vehicle, a solution for which it was never intended. At the very least, the attention brought digital currency more mainstream, which has helped it to grow and be better understood, and regulated, for what it truly is.

2017 saw one of the biggest jumps in acceptance of crypto as a form of payment. Japan led the way at the time, seeing the number of ecommerce retailers willing to receive crypto payments increase over 4.5 times from the level seen a year earlier. BitPay reported that the number of transactions it saw climbed 200% in a year, adding that crypto was being found more as a means of conducting business-to-business supply chain payments.

Norway and Japan both began to recognize the legitimacy of Bitcoin in 2017, with both countries acknowledging its capabilities as a form of payment. Russia joined, as well; however, that decision has now been tossed out the window as the country later took a hardline approach against digital currencies.

By June 2017, BTCs price had increased to $3,000 and people began to wonder where everything would go from there. Suddenly, everyone became a crypto expert, commentator and analyst. Several pundits began to report that the levels would reach as much as $100,000. While the year-end price was astronomical compared to January prices, the exorbitant prices were never realized.

The following month (July), saw transaction fees periodically spiking into the three-digits, crypto users wanted an alternative that would make exchanging digital assets more affordable. BTC was already suffering from its inability to recognize how large block sizes could work on the blockchain and developers werent willing to listen to reason. Because of this, Bitcoin Cash (BCH) was born as a BTC forked off to create a new protocol, but even this wasnt an ideal solution and ultimately resulted in the second death of Bitcoin.

Bitcoin Cash developers removed the superimposed hard cap that the Bitcoin Core team had implemented, raising the block size from 2MB to 8MB and consequently increasing the block cap to 32MB in the coming months. However, since the increase there were still debates on the speed in which to scale Bitcoin and achieve the true vision laid out by Satoshi a decade before. Opinions of some BCH influencers at the time, namely Roger Ver and Jihan Wu, had an anarchist view of Bitcoin, one that was decentralized from government and completely anti-regulation to suggest that people should be able to use the cryptocurrency to buy whatever they wanted.

With the crypto market as a whole now seemingly out of control, regulators began to clamp down. Across the world, financial regulators began putting checks in place that would help the ecosystem shed its Wild West image, led by South Korea, Japan and others. These measures helped weed out many of the questionable operations that were running rampant, and help bring a level of civility to the space. No longer would it be possible to maintain an anything goes attitude or business modelcompanies would have to develop their plans in accordance with financial rules and regulations, just like Satoshi had always intended since he first released the Bitcoin whitepaper.

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The origins of Bitcoin: BTC deviates from Bitcoin protocol - CoinGeek

Who are the Main People in Bitcoin? – BlockPublisher

Despite the multiple negative thoughts surrounding Bitcoin, there is an equally large number of huge personalities and brilliant minds behind it and, even now, developing it and working for it to reach even greater heights.

Pieter Wuille is a developer who joined the Bitcoin team in May 2011. He has made over 650 commits to the Bitcoin source code over on Github.

Barry Silbert is one of Bitcoins most active investors. He is the founder of the Digital Currency Group, a company focused on developing the Bitcoin infrastructure and environment. They do this by helping investing companies to grow and invest, as well as helping multiple other companies in their startup phase.

Roger Ver is claimed and credited to be one of the first people to ever invest in a Bitcoin startup. He, almost singlehandedly, was behind the takeoff of the first generation of Bitcoin. Called Bitcoin Jesus by some, he adamantly believes that Bitcoin technology is one of the best suited for the idea that all transactions should be done through mutual human consent.

Andreas Antonopoulos is a man who decided to make Bitcoin more understandable for the average Joe. He is an engaging public speaker, and has, on multiple occasions, made a large number of speeches aimed to ease the public into the realm of cryptocurrencies. He is also the author of Mastering Bitcoin, a guide toward understanding the crypto.

Some of the other people who have a huge hand in Bitcoin take their part through their donations. Some of the largest contributors to the Bitcoin cause are:

The Winklevoss Twins consisting of Tyler and Cameron Winklevoss invested over $11 million in Bitcoin back in 2013.

Tony Gallippi is the founder and chairman of Bitpay, the leading predecessor of Bitcoin. He is said to have invested around $20 million into the crypto.

The biggest and most influential personality in Bitcoin is obviously Satoshi Nakamoto, the original developer or team of developers behind Bitcoin. Some developers estimate the holdings of Nakamoto to be around 1 million Bitcoin.

It is thanks to all of these people that Bitcoin has reached the height that it has now. They are certainly men and women of the future and will pave the way to the future of transactions and commerce.

This post was last modified on November 16, 2019 11:08 pm

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Who are the Main People in Bitcoin? - BlockPublisher

Will Ether Remain a Commodity After Ethereum 2.0 Upgrade? – The Tokenist

Last updated on November 18, 2019 by Tim Fries

Last week, Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert shared some insight on ethers legal classification once the Ethereum Networks 2.0 upgrade takes place. Ultimately, Tarbert says the commission is still evaluating ethers future legal status. Some speculate the asset will maintain its commodity status, while others make the case for a security which would make the asset subject to the Securities and Exchange Commissions (SEC) regulations.

When it comes to digital assets powered by blockchain technology, very few have been cleared by regulators from the status of a security. In fact, there have been just two: Bitcoin and ether. The latter constitutes the only digital asset which was funded through an Initial Coin Offering (ICO) and is not a security. The SEC stated the Ethereum Network was sufficiently decentralized to escape the classification and regulatory requirements of a security.

That is, of course, so long as the Ethereum Network does not undergo significant changes. Over the course of the next year however, Ethereum will see perhaps the most significant change a blockchain can experience: a transition in its consensus mechanism.

Currently, Ethereum leverages a Proof-of-Work (PoW) consensus mechanism. Here, high-powered servers, referred to as nodes, compete to solve extremely complex mathematical puzzles in order to validate transactions and approve new blocks. Due to the difficulty involved, the servers have a remarkably high rate of electricity consumption. Due to this, PoW has received a bad reputation for its negative effects on the environment.

Sometime over the next 12 months however, Ethereum will shift to the much more environmentally friendly Proof-of-Stake (PoS) mechanism. The transition has been officially deemed the Ethereum 2.0 upgrade. Under the PoS model, nodes stake blockchain-specific wealth in this case ether (ETH) to vote on and collectively approve new blocks.

Whenever looking at the regulatory status of a digital asset, a variety of factors come into play. These include case-specific facts, circumstances, and economic realities surrounding the asset.

Despite being funded by an ICO which of itself seems to typically constitute a securities offering it was made known that the Ethereum Network was so decentralized that ether did not constitute a security. This shows then that the level of decentralization tied to a blockchain firm can affect its digital assets legal status.

Thats why some say a PoS model will only strengthen ethers classification as a commodity. Under PoW, large mining pools band together to create greater hash power, which is commonly seen as mining centralization. With PoS however, this centralized aspect is eliminated. Ultimately, this could strengthen the argument that ether even after the Ethereum 2.0 upgrade is not a security.

At the same time, the case isnt so clear. With PoS, profits are distributed on a routine basis. They are also distributed based on a validators participation in the network, not on behalf of others which is sometimes the case with PoW.

If PoS is considered a profit-based system, where investors receive a portion of the networks returns, a case for ether as a security could be a concern. If regulators took this path, ether could become a security token and would be subject to the corresponding regulations.

Others argue that the PoS model features similar distribution as seen in PoW, meaning ether will retain its status as a commodity. Importantly, if ether does remain a commodity, the United States may see regulated ether futures trading within the next six months.

As for exactly what will transpire, well have to wait and see. Chairman Tarbert said the CFTCs evaluations are ongoing.

What do you think will happen to ethers regulatory status after the Ethereum 2.0 upgrade? Will it remain a commodity? Let us know what you think in the comments section below.

Image courtesy of the CFTC.

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Will Ether Remain a Commodity After Ethereum 2.0 Upgrade? - The Tokenist

Report: What the Ethereum transaction flippening means – Decrypt

A flippening of sorts has happened on the Ethereum blockchain. Data revealed in a Coin Metrics report this week notes that, for the first time, the number of ERC-20 transactions has surpassed the number of transactions done in ETH itself. And as popular as those tokens are, they could be on the verge of giving way to the newer class of non-fungible tokens.

So what does that mean? And why should anyone care?

The surge in transactions involving these types of smart-contract based tokens could be evidence that the Ethereum network itself is at last finding its footing with users, as evidenced by a variety of actual use cases.

The Coin Metrics report, written by analyst Nate Maddrey, borrowed the term flippeninginitially coined to describe the other cryptocurrencies overtaking Bitcoin in valueand applied it to what he termed a transaction flippening on the Ethereum network itself.

Maddrey looked back to the creation of the ERC-20 specification, which allowed Ethereum-compliant tokens to be created. While the ease with which these tokens could be minted contributed to the excesses of the ICO boom, the ERC-20 tokens have also created network valueand spawned an almost unimaginable amount of alt currencies.

In fact, by April of this year, more than 181,00 ERC-20 coins existed on the Ethereum blockchain, according to Investopedia.

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The Coin Metrics report divided those coins into three typesutility tokens, which allow the bearer to get services, such being able to bet in prediction markets via the Gnosis; exchange tokens, such as Binances BNB token (it later moved from Ethereum to the Binance exchanges own blockchain); and everyones favorite, stablecoins, such as Tether and DAI.

Its that last categorystablecoinsthat, since mid-2018, have contributed most to the number of transactions happening on Ethereum, the report said. You probably wont be surprised to learn that Tether is the culprit there. USDT started gaining ground in May and now has over 80% of the share of transaction counts of the top ten tokens, the report said.

Net net, all of these ERC-20-based token transactions have been slowly overtaking ETH-based transactions.

And last week, it finally happened: As of November 10th, ERC-20s had about 303,000 daily transactions vs about 290,000 for ETH, the report said.

But wait! Theres more! Here come the non-fungible tokens!

While ERC-20s have been the dominant type of token up to this point, we may be on the cusp of the rise of ERC-721s, the report predicted. You might know that lovable protocol as the NFT standard, which first captured the crypto worlds imagination with the fabulous Crypto Kitties.

The new, new thing is the collectible digital card-based game, Gods Unchained, which has been a smash hit. Users own their trading cards, which are unique and can be sold on a market, which is part of the games allure. Although still early, Gods Unchained could be an example of a real use case for crypto tokens in gaming, Coin Metrics concluded.

Indeed, after controversy over the game erupted in Hong Kong last month, it sold out its Genesis Card Packand generated around $6.2 million.

Coin Metrics noted that since the beginning of this year, the number of deployed ERC-721 contracts has grown by almost 350%, compared to about 39% and 36% for ERC-21 contracts and non-token contracts, respectively.

Still, Ethereum is not out of the woods. Ever since Crypto Kitties, the blockchain network has struggled to keep pace with demand, and is moving to Ethereum 2.0, which is designed to be faster and more scalable. The Coin Metrics report did not offer an opinion on the bigger question: Is the transactional popularity of stablecoins and NFTs simply a high-class problem to have? Or is it an existential one.

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Report: What the Ethereum transaction flippening means - Decrypt

Analyst Wants to Buy Every Ethereum Dip as Istanbul Hard Fork Nears – newsBTC

Ethereums price action has been closely tracking that of Bitcoins in recent times, which has led it to experience some bearishness overnight as the crypto now nears the lower-$180 region a consistent level of support for ETH.

This near-term bearishness may be short lived, however, as analysts are now noting that each price dip is worthy of being bought, which comes about as ETHs Istanbul hard fork quickly approaches.

At the time of writing, Ethereum is trading down roughly 2% at its current price of $183, which marks a notable retrace from its daily highs of $187 that were set yesterday morning.

ETHs slight sell-off has come about as Bitcoin faces an increasing amount of selling pressure around its current support level of $8,700, which was briefly lost overnight as BTC plunged to under $8,600 before bulls fought back and helped the crypto reclaim $8,700 as support.

Over the past several days and weeks, the lower-$180 region has proven to be a support region for Ethereum, although the crypto currently is close to breaching below this support, which could occur in the near-term if BTC faces any further selling pressure.

This price action also comes concurrently with Ethereums upcoming Istanbul hard fork set to take place on December 4th which is the next step on ETHs journey to being upgraded to Ethereum 2.0.

TraderXO, a popular crypto analyst on Twitter, explained in a recent tweet that he will be buying ETH price dips in the near-term, as long as the crypto continues holding above the key support region that he highlights in the chart seen below.

ETHUSD Any substantial dip is a buy for me. Nothing macro bearish here until price closes below the range lows, he said.

Galaxy, another popular analyst, pointed out in a tweet that this time of the year is typically a volatile one for Ethereum and other cryptos, and he seems to believe that this volatility will favor Ethereums bulls.

That time of the year when $ETH pumps so hard people thinking is going to take over BTC is coming again, he explained while pointing to the chart seen below.

The coming few hours and days may play a large role in determining the cryptocurrencys future trend, as any sustained bullishness in the near-term could help spark the next major uptrend.

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Analyst Wants to Buy Every Ethereum Dip as Istanbul Hard Fork Nears - newsBTC

Crypto Expert Says Bitcoin and Ethereum Are ‘Formidable’ Collateral Economies – U.Today

Earlier on Monday, U.Today reported that the Bank of America shut down the bank account of a former PayPal executive and a major venture capitalist in Silicon Valley - Roelof Botha. The latter shared this news on Twitter. The BoA did not provide any solid reasons for this move.

Curiously enough, the Tron founder Justin Sun responded to his tweet, saying that the BoA had taken the same measures against him.

Justin Sun writes on his Twitter page that he had been fired as a customer from the Bank of America after holding an account there for eight years.

When one of the most influential venture capitalists in Silicon Valley, Roelof Botha, shared the news about his bank account being shut down without any solid explanation, assumptions started arriving that this was done because the former PayPal exec may have bought Bitcoin.

Numerous banks these days prohibit their customers from purchasing cryptocurrencies. Indias RBI (Reserve Bank of India) is a good example. Last year, it laid a so-called crypto ban on all businesses dealing with crypto in the country mainly crypto exchanges and forbade banks to provide services to these companies.

The same goes for many large banks in Europe and the US.

Earlier, U.Today reported that despite the negative attitude towards Bitcoin and crypto in general, BOA still embraces blockchain technology. Currently, Bank of America is testing a technology offered by the crypto giant Ripple and has even hired a team lead to run a Ripple project.

Besides, recently Ripple has hired a former BoA executive, Ben Melnicki, as head of regulatory affairs in the US.

This goes in line with many financial institutions strategy of embracing blockchain, not Bitcoin. The same strategy has been adopted by China recently, although many in the crypto community hope that crypto will also be allowed in the end in this country.

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Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies - U.Today

Ethereum Is More Usable and Functional Than Ever, New Data Shows – BeInCrypto

As Ethereum barrels towards major upgrades in the coming months, people have been leveling all kinds of concerns and complaints towards the World Computer blockchain. However, despite the sentiment that no one is using Ethereum, data recorded from Coinmetrics says otherwise.

Ethereum will soon be moving to a Proof-of-Stake algorithm in order to ups its performance. Some high profile cryptocurrency commentators have called this arouse and a scam and insisted that the project is also falling out of favor.

However, a new post fromCoinmetrics, called The Evolution of Ethereum Tokens, describes how much has changed and grown on the network. It also illustrates how the network is being used as an asset insurance and programmable money network.

In dissecting how Ethereum has evolved in the last two years, Coimetrics begins by pointing out the difference between the network value as opposed to the token value. As a project, the second-highest cryptocurrency in terms of market cap is seeing its value chased down by the aggregate market caps of tokens launched on that platform.

This ratio, referred to as the Network Value to Token Value (NVTV) ratio, as proposed byChris Burniske, is shrinking, which is a good thing for Ethereum.

Another indicator that the network is starting to perform as intended is the recent transaction flippening that is happening more and more often. The report states that historically, aggregate token transaction count has been lower than Ethereums non-token transaction count.

However, in Q3 of this year, a flippening occurred where ERC-20 transaction counts surpassed ETH transaction counts. A lot of this is down to USDT, which started gaining ground in May and now has over 80 percent of the share of transaction counts of the top ten tokens.

The narrative has been for some time now that Ethereum was losing its grip on the World Computer stage. By being rattled at the peak of CryptoKitties to competitors of the magnitude of NEO, Cardano, EOS, and Stellar, Ethereum was supposed to be dying off.

However, the data in many areas points towards a different conclusion. Ethereum certainly has faced a brick wall when it comes to scaling, but this is soon to be addressed in the upcoming upgrade.

Ethereums need to scale could also be indicative of its performance for the network is still rather full despite the abandonment narrative. The final key metric in the Coinmetrics data, as pointed out by Ryan Sean Adams, shows that Ethereum contract calls have grown from a couple thousand to a couple million in less than 2 years. Ethereum is being used for its intended purpose: settlement for programmable money

Images are courtesy of Twitter, Shutterstock.

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Ethereum Is More Usable and Functional Than Ever, New Data Shows - BeInCrypto

Ethereum nears technical breakout level as analysts eye further upside – CryptoSlate

The recent volatility in the crypto markets has led the price action of major altcoins like Ethereum to form a close correlation to that of Bitcoin, which means that the aggregated market has fallen into a bout of sideways trading over the past couple of days.

One popular analyst is now noting that Ethereum is close to confirming a break above a key technical resistance level, which could mean that it will soon incur significant upside that allows it to outperform Bitcoin in the coming weeks and months.

At the time of writing, Ethereum is trading up just under 1 percent at its current price of $185, which marks a slight climb from its daily low of $182 that was set yesterday.

ETHs bulls did attempt to push the cryptocurrency up towards $190 earlier today, leading it as high as $188 before sellers stepped up and forced its price back down to its current levels.

In the near-term, it is probable that $190 will continue to be a level of resistance for the cryptocurrency, as this is the price at which it was rejected on multiple occasions in the time since late-October.

In spite of Ethereums correlation to Bitcoins price action in the short-term, one analyst is now pointing out that ETH unlike Bitcoin close to breaking above its Ichimoku Cloud resistance, which could help catalyze a price rally.

SmokeyXBT a popular cryptocurrency analyst on Twitter spoke about this in a recent tweet while referencing a collection of charts that illuminate just how close Ethereum is to piercing above the Ichimoku Cloud that has been acting as resistance. He bullishly stated:

Prediction: $ETH will outperform Bitcoin for the next couple weeks, maybe months.

Ichimoku clouds are a charting indicator created by Goichi Hosoda, a Japanese trader, that wanted to create a quick and easy way to look at a chart and be able to tell what is going on.

Assuming that Ethereums buyers are able to push it above this resistance level in the near-term, ETH may soon incur an anomalous price rally while the aggregated market continues to consolidate.

Ethereum, currently ranked #2 by market cap, is up 0.71% over the past 24 hours. ETH has a market cap of $20.06B with a 24 hour volume of $7.34B.

Chart by CryptoCompare

Ethereum is up 0.71% over the past 24 hours.

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Cole is a freelance writer based in southern California, where hes an undergraduate at the University of California, Irvine, studying philosophy. He focuses primarily on covering cryptocurrency and blockchain-related news. He owns a non-life-changing sum of Bitcoin and enjoys day trading.

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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Ethereum nears technical breakout level as analysts eye further upside - CryptoSlate

Blockchain Analytics: How To Use Bitcoin & Ethereum Transactional Data For Actionable Insights – Analytics India Magazine

On a blockchain, two parties can make an immutable and irreversible transaction that is for all time recorded on the ledger to be verified by anyone who likes. As one of the most influential tech investors, Marc Andreessen states the outcome of this technological breakthrough is difficult to exaggerate. The most popular utilisation of blockchain has been the digital currency.

Digital currencies like Bitcoin use decentralised blockchain to record an open and unalterable history of transactions. Vast amounts of transactional data are being generated on the blockchain for various and regularly undisclosed purposes. This makes them a rich and progressively developing wellspring of valuable data, which requires sophisticated analysis due to anonymity. Here, numerous data analytics tools have also are being built dependent on explicitly structured and impromptu design approaches.

Even though public blockchain analytics is a new trend, transactional data has been utilised for credit cards, checks and bank payments for decades. The distinction with crypto and conventional payment data is that the former is made on a specific degree of the obscurity of the parties, but nevertheless recorded on the public blockchain. One of the key contrasts between the two payment frameworks is that any transaction made in traditional payment systems need to go through a third party payment processor. Here, the transaction data includes the names and bank account information of the parties involved.

On the other hand, transactional data on public blockchains like Bitcoin and Ethereum does not contain precise information on sender and receiver IDs. That information is cryptographically represented by the network in the form of blocks and announced for the network to verify. Unlike traditional digital banking, data related to new transactions including wallet addresses and funds can be tracked by anyone using a transactional hash function.

For instance, Bitcoin SHA256 hash function enables you to make a digital footprint for whatever information you put into it. The capacity to hash a long string of transactional data in a short, one-of-a-kind string enables to make a unique identifier for every transaction. This implies that it is conceivable to get data for each and every transaction ever made on Bitcoin, which is basically every data scientists dream.

With analytics, it is conceivable to follow who is purchasing what and paying for specific services utilising cryptocurrency. This is being used for tracking money laundering and illegal funding of criminal activity. Also, for businesses that are working in cryptocurrency services (such as newly created New York Stock Exchange subsidiary Bakkt), one of the critical advantages for analytics is ensuring that the individuals with whom the organisation is working with are genuine and trusted. At present, trust is troublesome as the degree of anonymity in blockchain implies that occasionally even the most fundamental degrees of oversight can be hard to implement for businesses.

There are some critical advantages for law enforcement agencies that rely on blockchain analytics services. Utilising top to bottom investigation of blockchains through the information they can create and pattern recognition over a large number of connections. This way, it is conceivable to recognise anomalies and criminal users. It is what might be compared to credit checks on a credit card, ensuring that the activities are legitimate and certifiable.

Other than transactional data that include monetary relations between addresses, the launch of Ethereum 2.0, which brought programming software to blockchains, has impelled smart contract analysis as a significant analytics development. Here, blockchain investors and analysts are monitoring smart contract transactions, event logs and account holdings. They can make informed decisions based on meaningful real-time metrics based on on-chain activity & analytics.

An issue of analytics with Blockchain is that data composed into records (like levelDB files in Ethereum and .dat files in Bitcoin) on disk which makes querying tedious. But, lately advancement of Blockchain query languages and analytics frameworks are being built. Analytics frameworks enables us to incorporate relevant blockchain data with data from different sources, and organise in a database, either SQL or NoSQL. Companies like Santiment and Chainalysis have also created in-house querying and analytics tools.

In this regard, there are certain companies tracking public blockchain payments using conventional data analytics strategies and attempting to track transactional data so as to make significant bits of actionable insights. CipherTrace, a San Francisco Bay Area-based startup creates analytics tools including anti-money laundering (AML) and digital forensics. The company which recently raised a $15 million round, expressed it is expanding globally and bring new solutions for customers. CipherTrace is known for its quarterly cryptographic money AML reports and profound forensic aptitude, having various worldwide partners as customers, including government organisations, law enforcement specialists/examiners, digital currency exchanges and monetary organisations. Its tools are utilised to enforce AML laws and battle fraud, among other security dangers.

Other examples of analytics companies are Neutrino and Chainalysis which develop tools for law enforcement and banking firms to explore and investigate transactional data on public blockchains. Neutrino offers tools to screen and track not just Bitcoin but also more privacy-focused blockchains that are used by cybercriminals like Monero. In 2017, Neutrino had found that the North Korean hackers behind the WannaCry ransomware cashed out Bitcoin by converting them into Monero coins, based on the analysis it had done on the transactional data.

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Blockchain Analytics: How To Use Bitcoin & Ethereum Transactional Data For Actionable Insights - Analytics India Magazine

Ethereum (ETH) Could Break Higher After Long Consolidation – newsBTC

Ethereum price is trading in a broad range versus the US Dollar and bitcoin. ETH price remains well bid above the $178 support and it could soon make an upward move.

In the past few days, Ethereum consolidated in a broad range above the $180 support against the US Dollar. ETH bears made a few attempts to push the price below the $180 and $178 support levels, but they failed.

Similarly, there was no upside break above the $188 and $190 resistance. Recently, the price revisited the $182 support area and started a fresh increase. It broke the $185 resistance and the 100 hourly simple moving average.

Moreover, there was a spike above the $188 resistance. However, Ethereum failed to surpass the $190 resistance area and it is currently correcting recent gains. It is now trading below the 23.6% Fib retracement level of the upward move from the $182 low to $190 swing high.

At the moment, the price is approaching the $186 level and the 100 hourly simple moving average. Besides, there is a short term ascending channel forming with support near $186 on the hourly chart of ETH/USD.

More importantly, the 50% Fib retracement level of the upward move from the $182 low to $190 swing high is just below the channel support. Therefore, the price could find bids near $185 and continue higher.

On the upside, the $188 and $190 levels are important hurdles for the bulls. A successful close above the $190 level is needed for a bullish continuation. The next key resistances are near $200 and $205.

Conversely, the price could break the channel support and decline below $185. In the mentioned case, the price is likely to revisit the range support area near the $182 level.

Ethereum Price

Looking at the chart, Ethereum price is stuck in a broad range above the $182 and $180 supports. If the bears continue to struggle near $182, the price is likely to start a strong upward move above $190 in the near term.

Hourly MACD The MACD for ETH/USD is slowly losing momentum in the bullish zone.

Hourly RSI The RSI for ETH/USD is currently declining and approaching the 50 level.

Major Support Level $182

Major Resistance Level $190

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Ethereum (ETH) Could Break Higher After Long Consolidation - newsBTC

Short Of The Century: $15 Ethereum Possible If Monthly Fails To Close Bullish – newsBTC

Ethereum is among the crypto assets still vastly below its former all-time price, with a long way to go before it recovers the lofty prices set back at the height of the crypto hype bubble.

According to one crypto trader, Ethereums downfall may not be complete, and if the current monthly candle cannot close above former support turned resistance, as low as $15 Ethereum may be possible.

Ethereum is a unique crypto asset thats not at all similar to Bitcoin or other payment cryptocurrencies. Instead, Ethereum is designed for smart contracts, allowing developers to code on the protocol and create their own decentralized apps, or even other cryptocurrencies as ERC-20 tokens.

Related Reading | 33 Cent Ethereum and $100 EOS, Whats Going On At One Crypto Exchange?

During Bitcoins meteoric rise and the crypto hype bubble, Ethereum went on its own powerful, parabolic rally, driven largely in part by the initial coin offering boom. As the hype surrounding the emerging crypto market spilled into the mainstream public, investors eager to get in on the ground floor of projects promising to be the next Bitcoin were lured into funding ICOs, and loading up on new, unproven crypto assets that lacked utility or use cases.

In the end, the bubble burst, and initial coin offerings began being targeted by the United States Securities and Exchange Commission, and the trend has all but disappeared completely.

The resulting deflating bubble, not only crushed the hopes and dreams of crypto investors who were sold promise that never materialized into anything, but it also sucked the value out of projects with real value, such as Ethereum itself.

The crypto assets price tumbled from an all-time high of over $1,400 per ETH, to under $100 as its recent bear market low.

However, Ethereums free-fall may not be over, points out one crypto trader, who says that if Ethereum cant close a monthly candle above former support turned resistance, the number two crypto asset by market cap could fall to as low as $15 per ETH.

Ethereum was rejected from monthly resistance at $365, causing the crypto asset to fall back below monthly support at $198.

The crypto asset has spent the last few months trying to get above the critical support level, but thus far has failed to hold. If a third consecutive monthly candle closes below the support turned resistance, the next major monthly supportlevel lies all the way down at $15.

Such a fall from current prices would represent a 99% decline and would be crushing for Ethereum investors who have already watched the price decline as much as 86% from its previous all-time high.

Related Reading | Altcoin Analyst Claims Ethereum Is Overpriced Despite 85% Decline From ATH

If Ethereum does drop to $15, the crypto market would be in dangerous shape. It would also require a 9,500% increase from $15 to return to its previous all-time high.

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Short Of The Century: $15 Ethereum Possible If Monthly Fails To Close Bullish - newsBTC

Altcoins retrace to 2017 levels: why its a critical moment for Ethereum, XRP, et al. – CryptoSlate

Most major altcoins in the likes of Ethereum and XRP have already retraced to 2017 levels. As Bitcoin gears towards a bearish short term trend, investors remain divided on whether altcoins will continue their recovery or begin to see weakened momentum.

In recent weeks, Ethereum, XRP, and other altcoins have demonstrated signs of an extended upside rally, with Ethereum, in particular, maintaining a strong support level at $180.

While technical analysts foresee a pullback for altcoins in the short term, one trader says that the risk to reward ratio for a move up for altcoins is improving, creating a more favorable environment for a rally for Ethereum and XRP. Professional trader Crypto Michael said in a tweet:

Altcoins have fully retraced back to their 2017 and/or 2016 levels. Does that mean that they can go down some more? Yes, however, the R/R with upside potential is getting extremely better from here. Reminder; sentiment switches after price movements, not before.

In the past seven days, across major exchanges, the price of Bitcoin fell from over $9,000 to $8,450, by more than six percent against the U.S. dollar.

In the same period, the price of Ethereum and XRP dropped by around three and five percent respectively.

Altcoins have been performing better than bitcoin as of late because major alternative cryptocurrencies have already fallen by nearly 90 percent since the 2018 peak.

The next several weeks are considered to be a critical period for altcoins as it would decide whether a larger pullback to lower support levels will be tested or the current levels will be solidified as the medium to long term bottom for an extended rally.

According to the Glassnode research team, sentiment around Bitcoin is mixed amongst traders and that BTC is also expected to see a decisive moment.

While traders generally remain optimistic around the performance of altcoins, the amount of deposits to exchanges has declined recently, indicating a lack of appetite for cryptocurrencies at the current price range. The research team said:

Sentiment is mixed as investors wait for the next big BTC price move. This is a deciding moment as the market moves sideways. NUPL helps investors identify when to take profit (blue) & when to reenter (red). BTC exchange deposits and inflows have continued to decline over the last week, indicating low trading appetite from investors.

Based on the token price bubble risk indicator of LongHash, a Singapore-based incubator, Bitcoin is hovering in the overvalued range at 1.2, with 1.5 and higher being a bubble risk.

Ethereum along with other altcoins are in the fair-valued range between -0.5 to 0.5, which may indicate that while altcoins are likely to see a deeper pullback as Bitcoin slips, it will see resistance as it moves below key support levels.

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Altcoins retrace to 2017 levels: why its a critical moment for Ethereum, XRP, et al. - CryptoSlate

Ethereum 2.0s Proof of Stake Could Be Classified as a Security, Says CFTC Chairman – BeInCrypto

In a recent interview with the Commodity and Futures Commission (CFTC), chairman Heath Tarbert cast doubt on Ethereum 2.0s future legal status in regards to U.S. law. The warning is directly related to the block validation planned for the platforms upcoming upgrade.

Tarbert told the audience during the interview that the previously held view that Ethereum is a commodity is now in jeopardy. While the CFTC has no jurisdiction over Ethereums status, the Securities and Exchange Commission (SEC) is carefully analyzing the platforms newest iteration.

While the Proof of Work (PoW) block validation method has been helpful in eliminating SEC scrutiny, the basis for the evaluation of a security, called the Howey Test, has maintained that decentralized mining (e.g. Bitcoin and Ethereum 1.0) prevents them from being considered a security.

However, Proof of Stake (PoS) authentication creates a profit-based system that effectively links owners with returns. Such a system certainly meets the SECs normal classifications of a security.

Just as stock owners receive dividends from profits, the PoS system links the returns from the platform with the line of most staked validators. In this way, it functions far more like a simple security than a decentralized work-for-return model.

Tarberts analysis lines up strongly with the previous analyses done by SEC officials during other probes. The recent cease and desist order filed against the Telegram token sale is just one example where the SEC will not allow token sales when they have the marks of securities.

Nevertheless, it appears that Ethereum is stuck between a rock and a hard place. The complexity of creating a scalable platform for its users has been met with cries for PoS validation.

However, a move to PoS away from PoW would likely result in increased scrutiny from governing bodies. The project appears to be left with the painful choice of loss of users or loss of functionality in the U.S. neither of which is a viable business model.

The damaging scenario could, however, leave room for other blockchain projects to steal market shares from Ethereum. For example, TRON has already been hailed by Udi Wertheimer as the competitor to watch, while EOS and others are waiting in the wings as well.

Regardless of risers or fallers, the current landscape for Ethereum 2.0 is not bright. While cryptocurrencies appear to be here to stay, Vitaliks dream may soon become a nightmare.

Images courtesy of Twitter, Shutterstock.

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Ethereum 2.0s Proof of Stake Could Be Classified as a Security, Says CFTC Chairman - BeInCrypto

Ethereum price analysis: ETH/USD attempts a recovery above $184.00 – FXStreet

Ethereum, now the second-largest digital asset with the current market value of $20 billion, has recovered from the recent low of $177.o5 and hit $184.33 during early Asian hours. At the time of writing, ETH/USD is changing hands at $183.77, mostly unchanged both on a day-to-day basis and since the beginning of Sunday.

On the intraday charts, ETH/USD has moved above SMA50 (Simple Moving Average) 1-hour (currently at $181.20) and attempted a breakthrough above SMA100 1-hour at $183.54; however, the bulls failed to keep up with the upside momentum. We will need to see a sustainable move above this handle for the recovery to gain traction. Once it happens, the next resistance of $185.00 will come into focus. This psychological barrier is strengthened by SMA200 1-hour located on approach.

On the downside, keep an eye on the middle line of 1-hour Bollinger Band at $182.30 and the above-mentioned SMA50 1-hour at $181.20. Once it is out of the way, the sell-off is likely to gain traction with the next focus onpsychological $180.00 and the recent low of $177.05.

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Ethereum price analysis: ETH/USD attempts a recovery above $184.00 - FXStreet

Ethereums Bollinger Bands Signal That a Massive Movement is Imminent – newsBTC

Ethereum has been stuck below its near-term resistance level at $190 for the past several weeks, and both ETHs bulls and bears have been deadlocked as they hold the cryptocurrency steady within the mid-$180 region.

This bout of sideways trading may soon be coming to an end, however, as analysts are now noting that ETHs Bollinger Bands are currently squeezing, which means that a massive price movement could be imminent.

At the time of writing, Ethereum is trading down 1% at its current price of $185.70, which marks a slight retrace from its daily highs of $190 that were set yesterday in a brief upwards movement that ultimately resulted in another rejection at this resistance level.

Currently, ETH is trading its lowest price seen over the past 24-hours, but it is nearing a region where it has consistently found decent buying pressure, meaning that it may be able to hold steady above this level in the near-term assuming that there is no major Bitcoin movement that guides the aggregated markets.

Bitcoin has been contributing to ETHs bout of sideways trading, as it has been caught around $8,700 for the past several days after being rejected from the lower-$9,000 region earlier this week.

Ethereums Bollinger Bands are currently incredibly tight, which could signal that a massive price movement is imminent.

RJ, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, explaining that November has also historically been a month of tremendous volatility for the cryptocurrency.

$ETH / USD: November squeeze, one of the biggest weve ever seen: BBW grinding the bottom for almost two months now. Nov 17 Start of the bullrun, $280 > $1400. Nov 18 Start of the capitulation, $230 > $80. Nov 19 ? he noted while pointing to the below chart.

As for where this volatility could send ETH, MoonOverlord, another poplar crypto analyst, explained in the chart found within the below tweet that he believes the crypto could target $300 in the near-term.

The coming hours and days could be pivotal for Ethereum, as its response to its tight Bollinger Bands could set the tone for how it trends throughout the rest of the year.

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Ethereums Bollinger Bands Signal That a Massive Movement is Imminent - newsBTC

Forkast.Focus | HKFinTechWeek: ConsenSys Founder Joseph Lubin on Ethereum, Regulation, and Competition – Forkast News

Governments around the world have started to catch up with regulation for new blockchain-related projects, but the underlying technology still attracts entrepreneurial activity. Forkast.News Senior Editor Sam Reynolds sits down with ConsenSys Founder Joseph Lubin on the sidelines of Hong Kong FinTech Week to find out more about how the Ethereum blockchain infrastructure is dealing with regulation.

Against the backdrop of Hong Kong Securities Futures Commission CEO Ashley Alder announcing new regulatory framework for virtual asset trading platforms, projects related to blockchain have seen an increasing amount of engagement in the industry from governments around the world in 2019. This includes Chinese President Xi Jinping recently promoting the development of blockchain technology in the country.

While blockchain and cryptocurrency companies adapt to the new regulations, Lubin says the technology shouldnt matter that much as long as youre doing all the right things according to securities law, you should be able to sell your securities to appropriate buyers.

Add to that Ethereum 2.0s looming launch, ConsenSys has been working on various projects including a space program in which any person can participate and contribute. The project aims to create a collaborative platform to organize efforts such as space sustainability in a decentralized and democratic way, according to the ConsenSys Space site.

See related article: Forkast.Focus | HKFinTechWeek: SFC Aims to Regulate Digital Asset Trading Platforms

Sam Reynolds: Hey, guys, we are back at Hong Kong FinTech Week and were talking with Joseph Lubin from ConsenSys. So Ethereum is a big topic these days, of course, in blockchain. But weve heard that Ethereums toolkit isnt yet where it should be, given the capital being spent on Ethereum. You say thats dumb. Why?

Joseph Lubin: What do you mean by toolkit? The developer toolchain? Youve heard that?

Sam Reynolds: Weve heard it. We have it on tape. But there is that argument that perhaps, you know, given the value of Ethereum and whats being spent on that, perhaps there could be a bit more.

Joseph Lubin: Sure, there could always be a bit more, but the Truffle Suite is an outstanding developer tool. I believe its been downloaded significantly north of 2 million times and might be a bigger number. I believe they have something like 80 thousand unique users that they verified. So its beloved. There are other developer tool suites. There are formal verification methods. There are different languages. There are security audit teams. Weve got a product called MythX, which is a set of tools for static, dynamic, ongoing analysis. So the rails, that blockchain, that Ethereum blockchain provides for directly accessing value, tokens, money or other kinds of digital assets are live. And thats never been true before in the history of computing. So its still not an incredibly mature technology, but its maturing rapidly. And the tooling is, I think, incredibly impressive considering that the theorems ecosystem is 5 years old and no other blockchain ecosystem is close in terms of the amount of tooling and developer activity.

Sam Reynolds: Thats definitely true, right? Ethereums only five years old, yet it still has the ecosystem that is massive. But we see now the emergence of new Blockchain technology coming down the road. Things like Neo or things like Tron. So how do you guys compete with these new blockchains?

Joseph Lubin: So there are good competitors and there are good marketing projects. So Tron is an excellent marketing project. There are other excellent marketing projects and some of those marketing projects arent necessarily intellectually honest and not technologically strong or rigorous, but theyre pretty high quality technology projects, projects like Polkadot and Dfinity and Tezos and NEAR, Algorand, Avalanche. All of those are quite impressive technologically. An analyst named, Matteo Leibowitz, describes something called the distribution quadrilemma, and he was basically talking about how difficult it will be to become a layer one based trust layer. There are two of them in existence right now. Two of them that are sufficiently decentralized to be a base trust layer for applications for the planet: Ethereum and Bitcoin. In order to become a base trust layer, you need to issue a token broadly and equitably. You need to garner enough revenue so that you can build your project and continue to build it out, maintain it. You need to have a vibrant, large and growing community.

And this is something that bitcoin in Ethereum didnt have to deal with; you need to be regulatory compliant. And so any project hoping to aspire to being a massively decentralized based trust layer, an actual layer one, everything else is can be a layer 2 system. They would have to accomplish those four pillars. The problem is the regulatory peace, in order to grow, keep growing a community, you generally have to promise that the token that youre selling them will appreciate. Usually by the action of the developers or promoters of the system, by definition thats a security. And so securities law is then implicated and now you cant sell a utility token as its not a utility token, its a tokenized security. You cant sell it broadly and equitably. And so its going to be very, very difficult. Not impossible, but very, very difficult for even a technically very strong project to challenge the early head start and the massive network effect that the Ethereum project has.

Sam Reynolds: For sure, and looking at regulations, you know, the blockchain once had this aura of a libertarian wild west. Now its moving towards enterprise, is moving towards being part of a, you know, enterprise workflow or government workflow. And I definitely think that with some of these tokens, there is a pathway to bring that into the fold with regulations. At the same time, with some, there are no pathways possible to bring that into what can be legally sold to anyone. So, you know, can you talk about, perhaps, that process of trying to make things compliant and trying to work with regulators and not against regulators to make sure you can fundraise legally for projects.

Joseph Lubin: So were big fans of the maximally decentralized, public, permission-less space. We think it will be very important to have a base trust layer for the planet and a global settlement layer for the planet that essentially all nation states can trust that cant be improperly manipulated. At the same time, minimally viable, decentralization brings a tremendous amount of value to a whole bunch of companies that want to cooperate with one another and, you know, some of their business processes. We should be able to sell tokens for networks like that, whether theyre utility tokens or tokenized securities even. And in many jurisdictions around the world, including the United States, things are not so fuzzy anymore.

We at ConsenSys have a very strong legal team, maybe the best in the world for our industry. And were very comfortable that we can sell utility tokens. We wouldnt sell them in massive quantities to speculators. We would sell them in situations where we might require proof of use before they could be traded between different counter-parties. And the securities law has been operating well in the United States for a long time and and in other regions of the world. And the technology shouldnt matter that much as long as youre doing all the right things according to securities law, you should be able to sell your securities to appropriate buyers.

Sam Reynolds: Okay, so were here at Hong Kong FinTech Week. Whats your favorite trend so far on the show floor?

Joseph Lubin: I got here recently and only did my panel and my talks, so I havent had time to walk around.

Sam Reynolds: Okay, fair enough. Well, great. Thanks for your time.

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Forkast.Focus | HKFinTechWeek: ConsenSys Founder Joseph Lubin on Ethereum, Regulation, and Competition - Forkast News