Bitcoin And Ethereum Market Update! Bulls Back In Town?

Aside from the election of Donald J. Trump back in 2016, few things have remained a focus of as much controversy — and debate — as the cryptocurrency world.

Bitcoin back above US $10,000 on major exchanges, and Ether above $210.

Bitcoin back above US $10,000 on major exchanges, and Ether above $210.

Some on the Internet love it, some hate it, some see it as a cure to all of the world's problems... others see it as a quick profit opportunity.

Whatever you think of it, we are more than a DECADE out from the moment when Bitcoin creator Satoshi Nakamoto launched the first version of Bitcoin's software, back in January 2009 to limited attention and praise at the time.

It hasn't gone away.

The central banks and many governments have sounded off on their views of this new asset class, yet it has not gone away, and it is not likely to at this point.

Big financial institutions including E*Trade and Fidelity have begun building storage, or custodial, services for the users of the leading cryptos, which include Bitcoin and Ether at the moment.

Bitcoin, the first crypto, has a simple economic schedule: coins are produced or "mined" throughout time by a mining network of participating computers. Mining gets more difficult over time, and the supply of new coins produced as a mining reward is cut in half approximately every 4 years, making supply scarce over time. The number of total coins in the Bitcoin network is capped at an eventual 21 million, and at that point, no new coins will be created. Instead, it is presumed that a market will form around the circulating coins available at that point in time, but we are still many years away from that date.

To receive, send, or store Bitcoins for the long term, you don't need a bank account. Numerous free wallet apps exist for Samsung and Apple smartphones, making daily purchases a breeze. The Flexa app, for example, even lets cryptocurrency users spend their Bitcoin or Ether at leading US merchants including Whole Foods, Petco, and Starbucks, to name a few big names participating in the Flexa project. The process of paying with crypto is almost identical to using Google Pay or Apple Pay, as it uses the same contactless technology on your iPhone or Samsung phone.

Sending and receiving Ether is very similar to the Bitcoin experience, except that more Ether exist in the world today, and currently the supply of Ether is not capped - although it is mined over time by computers, in a competitive process similar in many ways to Bitcoin's simpler mining routine.

With Ether, it is a P2P money like Bitcoin, but also the "fuel" for hundreds of decentralized apps or "dApps" as they're called, which run without censorship or interference on Ethereum's blockchain. Messing with them or knocking them offline is essentially impossible without taking on Ethereum's blockchain itself, which is secured by many millions of dollars in specialized mining hardware.

Some of these dApps include Livepeer, a decentralized video livestreaming encoding and hosting service, Cent, a blog publishing network on the blockchain similar to Medium, and NEXO, an "automated" bank-like lender that takes in your crypto deposit and immediately (or within minutes) issues you a credit line in your local fiat currency (US dollars or euros, for example) dependent on the amount of cryptocurrency you deposit. Very cool innovations, running 24/7 without any strong possibility of being knocked offline.

Both Ether and Bitcoin are talked about frequently in the weekly research newsletter, which you can sign up for at https://fulcrumnews.com/subscribe.

Everyone is entitled to their opinion, yet this is the future, and those who can't see it will become the new servant class sooner than any of us can accept, I'm afraid. These dApps and monetary networks are here to stay, it appears.

The Ethereum World Computer explained in 1 min., 28 seconds:

“Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, fraud or third party interference. Ethereum is how the Internet was supposed to work: it's a censorship-proof planetary scale computer, where users always stay in control of their funds and personal data.”

Learn more about cryptocurrency with the FULCRUM newsletter subscription.

Not financial advice — at time of publication, writer of this post may hold a position in some or all currencies and assets discussed.

YouTube Changes Mind: No Free Speech Before 2020, Plus Bitcoin / Ether Get Huge Boost From SAMSUNG

What do we have here? Objectively speaking, and in no particular order:

MASS CENSORSHIP. Nearly three years after the Podesta Emails were published by WikiLeaks, the entire topic has become something of a 'Tiananmen Square' level event in the West—you almost aren't even allowed to mention it on social media! The only corporate media anchor on TV to mention the emails’ weird code language, just in passing during a CBS segment on the 2016 WikiLeaks, subsequently ‘vanished’ from the air and nearly all of his social media for a year after that segment. What the fuck is this! YouTube has decided FULCRUM's YouTube channel, as well as Infowars' channel, will not be coming back after all. They still won’t explain which Community Guidelines our legally vetted, truthful journalism channel ran afoul of. You're not allowed to read truthful WikiLeaks in America on video, which means we are not currently entirely free. It seems we haven’t had true viral video online in about 2 years, which is unsettling—and borderline terrifying when you really stop to ponder it.

John Podesta and Hillary should be in PRISON, but that doesn't occur in a society where we are not free to even discuss their emails and alleged crimes on Google-owned YouTube, by far the world’s dominant online video platform, accounting for more than 90% of all videos viewed in many countries and jurisdictions.

Large online research communities on Reddit which chose to focus on Pizzagate, the Podesta WikiLeaks, and related allegations of elite criminality were simply vaporized, due to nebulous and unevenly enforced community guidelines violations.

Some MSM-fed normie comes along inevitably and will say, "you shouldn't spread that harmful fake news, it caused a patsy to 'shoot up' the pizza shop that was mentioned in the Podesta Emails!" - he didn't harm anyone, not even one person, and the only property damaged was - miraculously - the pizza shop's computer hard drive. So convenient that law enforcement never had to look through the contents of that deviant’s hard drive, since it was shattered by the only bullet the gunman fired!

Which brings us to the next problem facing voters ahead of 2020's elections:

RIGGED LAW ENFORCEMENT? If the F.B.I. suddenly wants to get to the bottom of the Jeffrey Epstein pedophile island super-scandal, they should be asking people in their own agency. Why was Epstein made a protected informant by the F.B.I.? Why did they know what he was up to for reportedly more than fifteen YEARS, and not do anything until roughly now? Why has Epstein's sprawling New Mexico ranch remained uninvestigated and unsearched for MONTHS? (which is almost unheard of practice in modern-day law enforcement.)

State and local law enforcement are "mystified" as to why the well-connected pedophile billionaire's American properties were not immediately searched by authorities. Months of time is more than enough for accomplices or underlings to clear every piece of legally relevant evidence, and they likely have by now.

The Department of Justice is, some say, looking into how it can crack down on those talking about John Podesta's pedophilic WikiLeaks, instead of investigating the emails themselves. Not freedom right there, censorship and crack downs on free speech are not freedom. And in light of the national focus now on child sex trafficking in the wake of Epstein’s bizarrely timed death, and in light of John Podesta and the Clintons having been in direct contact with Epstein, there is nothing “fringe” about wanting to connect the dots in 2019 — nearly three years after the emails broke, and may have shifted an election in Donald J. Trump’s favor on that fateful election day.

And why is Epstein dead? It increasingly looks and feels possibly like a cold-blooded murder of a man who had the dark details on many others. To believe both Metropolitan Correctional Center cameras went out and he just was able to randomly snap his own neck, without any of the relevant supplies - these are things I just don't believe. I don't believe Attorney General Barr any more; I think this is a cover-up or a botched investigation, not a proper investigation.

Why has Barr kept Ghislaine Maxwell, Epstein's alleged accomplice and close friend, free for weeks after the arrest of Epstein? How does a very free Ghislaine Maxwell popping up in tabloids and newspapers restore our faith in the "status blind" justice system?

Why did Barr go after Julian Assange - why is Assange still rotting in solitary confinement in the UK for 23 hours per day? Why isn't he interviewed by the DOJ in the US — instead of rotting indefinitely in UK solitary? And why isn’t he asked in a formal capacity about the Podesta and Hillary WikiLeaks, which are real emails? Why aren't investigations of Podesta and Hillary opened up, based on those emails?

Why are the heroes being systematically silenced, and the suspected child molesters are still free, and the big truthful YouTube channels are all banned ahead of critical national elections. Is this freedom?

RIGGED MONEY. The Rothschilds and other banking families are all still completely free. The fact they were the primary funders and backers of the Clintons is just conveniently swept under the rug, along with everything else WikiLeaks revealed in 2016. Nothing to see here!

These handful of families have more money than the rest of us could ever hope to have, and their money isn't proof-of-work generated. In other words, they didn't mine it, they didn't work hard for it or sacrifice any existing property or time for it; they invented it out of thin air, and have created a remarkably complex system where the rest of us have to scramble for it as they toast each other at their wine parties!

Incredible that the masses still tolerate this folly.

The SAMSUNG Galaxy S10 family of smartphones is winning over crypto enthusiasts for its forward thinking inclusion of Bitcoin and Ether via an available SAMSUNG Galaxy wallet app.

The SAMSUNG Galaxy S10 family of smartphones is winning over crypto enthusiasts for its forward thinking inclusion of Bitcoin and Ether via an available SAMSUNG Galaxy wallet app.

Thankfully, change is afoot - leading smartphone manufacturer SAMSUNG, which is especially dominant in Asian markets, has announced Bitcoin and Ether (the world's 2 largest cryptocurrencies, by market capitalization) will be able to be stored on the S10 and future smartphone models, thanks to an available wallet app that SAMSUNG has launched. At first, it was believed only Ether and Ethereum ERC-20 compatible tokens would be able to be stored on the wallet, but SAMSUNG has reportedly since broadened the wallet to include Bitcoin capability as well.

Slow progress, but the progress made is real. Cryptocurrency - peer to peer money that is "mined" into being over time, requiring sacrifice and accountability - is gradually giving the financial elite families a run for their money. Literally.

We'll see what happens, and as with the Podesta Emails, crypto is a topic we will cover 'til the bitter or glorious end. Be sure to get our newsletter so you don’t miss in-depth coverage throughout the week from D.C. Real news is invaluable in these rapidly changing times!

Moon In Sight? Bitcoin 24 Hour Trading Volume Nears $20 Billion Worldwide

24 hour trading volume of the world’s first cryptocurrency, Bitcoin, sits at near US $19.4 billion according to CoinMarketCap.com. Now, some Doubting Thomases in the crypto world have said that CoinMarketCap’s volume averages can be highly inaccurate, and so for comparison’s sake their competitor CoinCap.io shows Bitcoin’s 24 hour trading volume at near US $7 billion… significantly less, but still a tidal wave of interest in cryptocurrency.

Bitcoin crushed through $9,700 earlier tonight. Is this it?!!

Bitcoin crushed through $9,700 earlier tonight. Is this it?!!

Less than a week ago, CoinDesk noted that Bitcoin has hit 1 million daily active addresses again, for the first time since November 2017.

If cryptocurrency is your passion, you’ll be pleased to know that FULCRUM has further plans for working with the blockchain… it’s essential for our content to persist if censorship escalates, so every post here on FULCRUM will for now on also get mirrored over on our Cent page. Cent is a wonderful new blog network, similar to Medium, except it’s decentralized and works with the Ethereum blockchain.

Additionally, we are posting more often and engaging with users all the time on our Minds page, an exciting alternative to Facebook that runs using Ethereum’s blockchain also! Decentralized Web3 is starting to provide real competition to Big Tech, and we think Cent and Minds are two fantastic examples of how new social networks can be built, and grow with better aligned incentive structures.

On Facebook, “you are the product,” as they say, since advertisers are Facebook’s paying customers. On Minds and Cent, there are various ways that users can earn points or cash for posting interesting content. It’s an exciting shift, from an advertiser-driven model, to a more decentralized kind of “crypto patron” model that relies on each other, instead of somewhat predatory multinational corporations getting into our heads, then marketing to us knowing our every preference and fear.