Selling One’s Soul For Social Acceptance

Selling One's Soul For Social Acceptance

Oct 7, 2020 by Gary DeMar

All of a sudden, Democrats have found religion. Religion is now OK … but only if you are a Democrat and you need religion to brainwash and woo ill-informed so-called Evangelical Christians and Roman Catholics to help win the White House.

Biden is said to be a “good and faithful Catholic.” This is the same rhetoric that Nancy Pelosi has used for years. Hillary Clinton followed a similar strategy.

In an interview published in the New York Times Sunday Book Review, Clinton opened up about her favorite books and authors, name-dropping famous literary names like John Grisham, Toni Morrison and Walter Isaacson. [At the time] [t]he possible 2016 presidential candidate said the Bible has had the biggest influence on her:

[She was asked] If you had to name one book that made you who you are today, what would it be?

At the risk of appearing predictable, the Bible was and remains the biggest influence on my thinking. I was raised reading it, memorizing passages from it and being guided by it. I still find it a source of wisdom, comfort and encouragement.

But Hillary has not been guided by the Bible. Like with so many politicians (Democrats and Republicans), the Bible is a prop. Most of them use it when they take the oath to uphold the Constitution, then they violate that oath on almost a daily basis.

It’s downright tragic to listen to these “devout Catholics” spout off about how faithful they are while the Democrat Party attacks Supreme Court nominee Amy Coney Barrett — wait for it — because of her religion, in particular, her Catholic beliefs about abortion and homosexuality. When Judge Barrett, then a law professor at Notre Dame, was being examined for a seat on the 7th Circuit Court of Appeals, Senator Diane Feinstein said to her, “The dogma lives loudly within you.” As if Feinstein isn’t just as dogmatic in terms of her secular religion.

Everyone is dogmatic. The problem is, there is no basis for dogmatism in a world of pure materialism directed by the whims of impersonal nature. Yet, cosmic impersonalism is what every public school child is taught from kindergarten to 12th grade and beyond. This means that “dogma” is whatever those in power say it is. Every law is the expression of someone’s dogma. The question is, What is the basis of that dogma? For Feinstein, Biden, and the Democrats, their dogma is manifested in the State over which they want to rule.

We’re told that Joe Biden’s Catholic faith is complicated but deeply American. This means that his religious faith is irrelevant just like it was for Mario Cuomo who served as the Governor of New York in the mid-1970s. He said that he was "personally opposed to abortion," but would not allow his personal views interfere with the pure secularism of the State. Ironically, Cuomo delivered his remarks at Notre Dame.

Consider the following from a Catholic website:

An Irish Catholic educated by nuns in parochial schools, Biden is quick to invoke the church’s social teaching on the stump. But where Catholic morality rubs up against welfare or justice issues such as abortion and gay rights, Biden's understanding of his duty as a politician and a Catholic is clear: Decisions are to be informed by the faith he learned from nuns of his youth, not dictated by it.

Like the teaching of the church on abortion, Biden also disavows the Church's teaching on theft. It’s Okay for Biden to use the authority and power of the State to confiscate money from the majority of Americans so it can be given to other Americans who did not earn it — a clear violation of the Commandment not to steal. In what ways was he "informed by the faith he learned from nuns of his youth"?

Is Joe Biden personally opposed to slavery? The Church opposes slavery. Does this mean that he would not have opposed slavery in the 19th century because the church opposed it? Here’s what the new Catechism of the Catholic Church states on the topic of slavery:

The Seventh Commandment [the Eighth Commandment in the Protestant numbering of the Ten Commandments] forbids acts or enterprises that …. lead to the enslavement of human beings, to their being bought, sold and exchanged like merchandise, in disregard for their personal dignity. It is a sin against the dignity of persons and their fundamental rights to reduce them by violence to their productive value or to a source of profit.

Like the teaching of the church on abortion, Biden also disavows the Church's teaching on theft. It’s Okay for Biden to use the authority and power of the State to confiscate money from the majority of Americans so it can be given to other Americans who did not earn it — a clear violation of the Commandment not to steal. So in what ways was he "informed by the faith he learned from nuns of his youth"? It seems to me that his parents wasted their money on their son's Catholic education.

If Joe Biden believes abortion is a moral wrong, that it takes a human life, then how in the world could he continue to support such a moral evil with unfettered dogmatism?

During a town hall meeting this week, Biden said that while he’s personally against abortion, he does not want to insert his religion into his politics. He obliterated that claim when he said he would make Roe v. Wade the “law of the land” if it gets overturned by the Supreme Court.

Religion is a hand puppet for Biden that he uses to mesmerize uninformed voters. “Vote for me … I believe as you do … Vote for me … We share similar values.” Republicans also use Christian rhetoric to gain votes. As is so often the case, many voters can't see through the charade. If a presidential candidate lies about killing unborn babies, he will lie about anything and everything. It's not what a person says that matters. A tree is known by its fruit (Luke 6:43–45), and the fruit of the Democrat Party is rotten to the core.

It’s not only Roman Catholics who are being duped. A recent story on LifeNews shows that “nearly one-third of supposed evangelicals support Biden for president. To say you’re an evangelical who supports Joe Biden who supports abortion-on-demand is like saying you’re a vegan who eats chicken. Supporting those who unabashedly call for the continuous murder of God’s children revokes any claims to being an evangelical.”

Even so, many Evangelicals, some who teach in evangelical institutions, have hopped on the Biden train. Have you seen this travesty?

I was shocked to read that Tremper Longman III, a former professor at Westminster Theological Seminary who presently serves Westmont College as a distinguished scholar of biblical studies, is urging Christians to vote for the Biden-Harris presidential ticket and with it all the apparatus of the Democrat Party and its horrendous policies. He wrote the following to me after I responded to his post:

[Biden] is a devout Christian by all accounts and the democratic party is not the antiChristian party and [n]either is the republican Party.

Both parties have anti-Christian elements in them. I'm not afraid to say it about many Republicans. But when it comes to particulars, the Democrat party is anti-Christian in so many ways that it can be described as the Anti-Christian Party.

Samuel T. Logan, former president of Westminster Theological Seminary, is also a Biden supporter. J. Gresham Machen, one of the founders of the seminary, would be shocked by their support for Biden.

How will these Never-Trump Evangelicals be treated once the Democrats are in power? They will be discarded like a pair of worn-out shoes. They will have served their purpose.

William B. Evans had this to say about the condition of modern-day Evangelicalism:

The movement of evangelical elites into the Biden camp further underscores the unbearable lightness of the evangelical movement as it now exists. We are now at a point where professed evangelicals are questioning not just the political judgment but the very Christianity of other professed evangelicals. I just can’t see people on both sides of these divides continuing to worship together—the disagreements are now so elemental—and that is probably the end of the road for evangelicalism as we know it.

This may be a good thing. A major house cleaning is needed in both parties. It won't happen until committed and informed Christians involve themselves in the battle with the Full Armor of God that includes action. There's no need for armor if you stay at home.

Pay close attention to the people and institutions they represent who have sold their souls for less than a mess of pottage.

Article written by Gary DeMar, and posted on the AmericanVision.com website.

Article reposted on Markethive by Jeffrey Sloe

Report: Expect Ethereum To Lose the 2 Spot to Tether USDT in 2021

Report: Expect Ethereum To Lose the #2 Spot to Tether (USDT) in 2021

John P. Njui   •   THEREUM (ETH) NEWS • DEFI   •   OCTOBER 9, 2020

Quick take:

  • The team at Bloomberg has predicted that Ethereum could lose the number 2 spot to Tether (USDT) by next year
  • Increasing demand and adoption of stablecoins is the major force behind Tether’s rise
  • Stablecoins are a precursor of CBDCs and will most likely be more enduring than altcoins
  • Ethereum has had a relatively stagnant market cap since 2017 when compared to Tether

The team at Bloomberg has released the October crypto outlook report in which they predict that Tether (USDT) will most likely edge out Ethereum from the number two spot according to market capitalization.

The report explains that there is a growing demand for both Bitcoin and crypto-assets that resemble the dollar. If this trend prevails, USDT will definitely continue to grow. Additionally, the increased adoption of stable coins is also a strong signal that Central Bank Digital Currencies will be launched in the near future.

Expect Bitcoin #1, Tether #2 in 2021 If Trends Remain the Same.

Indicating demand for a digital version of gold (Bitcoin) and a crypto-asset like the dollar, if current trends prevail, the market cap of Tether may surpass Ethereum next year.

Increasing adoption of stable coins is likely a precursor for central bank digital currencies and promises to be more enduring than alt-coin speculative excesses. The rapid rise in the market cap of stable coins indicates that central bank digital currencies (CBDCs) are a matter of time, in our view.

Ethereum’s Market Cap has Stagnated Since 2017

With respect to the popularity of the stablecoin of Tether (USDT), the report went on to explain that it would take a mega event to halt the increasing adoption of Tether which is on a path to edge out Ethereum in terms of market cap.

Furthermore, ETH’s market cap has more or less stagnated since 2017 thus providing Tether with an opportunity to take the number 2 spot.

It should take something significant to stall the increasing adoption of Tether, the top stable coin, which ison pace to match the capitalization of Ethereum in a bit less than a year, based on the regression trend since the start of 2019.

Our chart depicts the stagnant market cap of Ethereum since 2017 vs. rapidly rising Tether, which jumped to a new high of almost $16 billion at the start of October.

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Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

MOBI Designs Blockchain-powered Decentralized Vehicle Charging System

MOBI Designs Blockchain-powered Decentralized Vehicle Charging System

By RTTNews Staff Writer | Published: 10/9/2020 10:21 AM ET

A working group of the Mobility Open Blockchain Initiative (MOBI), led by Honda and General Motors, has released its first technical design specification as a global standard for a blockchain-powered decentralized electric vehicle charging system.

The automotive industry's first global standard for the decentralized vehicle charging system was created and released by MOBI's member-led Electric Vehicle Grid Integration (EVGI) Working Group.

The EVGI Standard was created by a group of global automotive leaders, startups, and large technology companies to solving some of the most pressing climate and mobility challenges.

Apart from Honda and General Motors, the group includes Accenture, CPChain, IBM, the IOTA Foundation, Pacific Gas & Electric Company (PG&E), Politecnico di Torino, and R3.

The EVGI Standard covers the system designs and data schemas required for three core use case areas: Vehicle to Grid Integration (V2G), Tokenized Carbon Credits (TCC), and Peer to Peer (P2P) applications.

The first blockchain-powered EVGI Standard tackles energy and climate challenges by enabling a decentralized, electrified mobility future. However, MOBI's EVGI Standard does not prescribe any particular application or underlying distributed ledger technology (DLT).

The EVGI Standard will ensure that pertinent data attributes and functionalities of each use case are available for organizations to utilize in creating their own applications.

"Electric vehicles, chargers, and electricity producers can have a secure identity, communicate with a standard messaging format, and automatically record transactions such as charging, generation, and exchange on a distributed ledger," said Tram Vo, MOBI's COO and Founder.

MOBI's EVGI Standard enables a set of core network data services that will provide significant value to EV owners, charging infrastructure and grid operators. It will enable secure, decentralized communication and immutable recordkeeping between data generating peers.

This will support data transparency, trust, coordination, and automation among mobility service providers, consumers, utilities, and government stakeholders.

MOBI hopes that applications enabled by this Standard will ultimately help lower carbon emissions, improve road safety, reduce traffic congestion, and support a host of other socially and environmentally beneficial outcomes.

MOBI was formed in 2018 an industry-wide solution to enable all partners to work towards accelerating adoption and promoting standards in blockchain, distributed ledgers, and related technologies.

The cross-industry initiative comprises more than 120 leading automotive, mobility and technology companies including GM, Ford, Daimler Benz, BMW, Renault, VW, IBM, Accenture, Consensys, IOTA, and Hyperledger.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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US attorney general releases guidelines for enforcing crypto laws

US attorney general releases guidelines for enforcing crypto laws

Regulation and guidance continue to come in hot from the land of the free.


Image courtesy of CoinTelegraph

            OCT 08, 2020

William Barr, the attorney general for the U.S., published official guidelines for keeping crypto markets accountable.

The lead U.S. attorney's Cyber-Digital Task Force put together the guidelines, officially calling them: Cryptocurrency: An Enforcement Framework, according to an Oct. 8 statement from the U.S. Department of Justice.

The statement explained:

"The Framework provides a comprehensive overview of the emerging threats and enforcement challenges associated with the increasing prevalence and use of cryptocurrency; details the important relationships that the Department of Justice has built with regulatory and enforcement partners both within the United States government and around the world; and outlines the Department’s response strategies."

The new guidelines come after the DoJ and the U.S. Commodity Futures Trading Commission went after crypto derivatives exchange BitMEX, citing multiple illegal activities.

"Cryptocurrency is a technology that could fundamentally transform how human beings interact, and how we organize society," Barr said in the statement. "Ensuring that use of this technology is safe, and does not imperil our public safety or our national security, is vitally important to America and its allies."

The statement also conveyed various comments from other authorities, noting both the technology's potential for innovation, as well as its use in nefarious dealings.

The lengthy report itself included 83 pages of content on crypto, its "legitimate uses," its "illicit uses," applicable regulating bodies, and a game plan going forward.

Among the mentioned categories within the crypto space, the report pointed out privacy assets. The Department of Justice specifically name-checks Zcash, Monero and DASH usage as "indicative of possible criminal behavior."

The report continued by asserting U.S. jurisdiction over individuals whose crypto transactions interact with U.S.-based servers.

The burgeoning crypto and blockchain space is a complicated one, as the report also noted while pointing out criminal activities such as pump and dumps — an age-old illegal tactic from the stock market, modernized through crypto.

Among its listed legitimate crypto use cases, the framework included payments for goods and services, void of third parties. "Proponents of cryptocurrency contend that, by eliminating the need for financial intermediaries to validate and facilitate transactions, cryptocurrency has the potential to minimize transaction costs and to reduce corruption and fraud," the document explained, while subsequently pointing toward the asset class as an inflation hedge.

In contrast to the above-board use cases it mentioned, the report also detailed activities it claimed as illicit, such as drug transactions. I posited illegal digital asset activities commonly occur under three separate wings: funding illegal substances, product sales or activities, money laundering and tax evasion, and crypto-specific hacking or fraud.

In its conclusion, the report called for collaboration with other governing bodies and participants across the U.S. and the globe.

"To promote public safety and protect national security, all stakeholders — from private industry to regulators, elected officials, and individual cryptocurrency users—will need to take steps to ensure cryptocurrency is not used as a platform for illegality. Indeed, for cryptocurrency to realize its truly transformative potential, it is imperative that these risks be addressed."

UPDATE Oct. 8, 18:46 UTC: This article has been updated with added information from the report.

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Original article posted on the CoinTelegraph.com site, by Benjamin Pirus.

Article re-posted on Markethive by Jeffrey Sloe

Coinbase hemorrhages employees following controversial culture stance

Coinbase hemorrhages employees following controversial culture stance

Coinbase CEO Brian Armstrong publishes further details about his company's changing landscape.


Image courtesy of CoinTelegraph

            OCT 08, 2020

After adjustments to company policies, popular U.S.-based crypto exchange Coinbase has seen backlash from employees who disagreed with the changes.

Coinbase received national attention for a recent change to its policies, which required employees to avoid political and social distractions, and instead focus on its core mission of building "an open financial system for the world". Multiple commentators, including Jack Dorsey of Twitter, found the new direction to be at odds with the cryptocurrency industry's values.

"We subsequently decided to make a generous exit package available to any employee who didn’t feel they could be on board with this direction," Coinbase CEO Brian Armstrong said in a blog post on Oct. 8.

Armstrong's post stated that 60 of the exchange's staffers intend to depart from the company, equivalent to approximately 5% of the firm's workforce. Additional workers have expressed interest in leaving as well, he said

The CEO said that despite concerns over the cultural shift disproportionately affecting the company's "under-represented minority population", people from such groups have not taken the severance package in disproportionate numbers.

In his clarifications to staff, Armstrong noted that employees should not have to pretend that politics don't exist, and that crypto is an inherently political industry. He also said that "Yes, we are ok being political about this one particular area because it relates to our mission."

In explaining how to know what is political, Armstrong declared that "We recognize it’s a blurry line, and ask that employees use good judgement. Our goal is not to look for violations, but rather to support employees in adapting to these clarified expectations."

UPDATE Oct. 8, 18:12 UTC: This article has been updated with additional details.

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Original article posted on the CoinTelegraph.com site, by Benjamin Pirus.

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Bitmex’s Arthur Hayes Samuel Reed Step Down From CEO and CTO Roles

Bitmex’s Arthur Hayes, Samuel Reed Step Down From CEO and CTO Roles

John P. Njui   •   BITCOIN (BTC) NEWS • WALLETS AND EXCHANGES   •   OCTOBER 8, 2020

Quick take:

  • Bitmex’s Arthur Hayes and Samuel Reed are stepping down from their roles as CEO and CTO respectively
  • The move comes a week after the US CFTC and DoJ charged them with illegally operating a derivatives exchange and violating the Bank Secrecy Act
  • Vivien Khoo, Chief Operating Officer of 100x Group, will become Interim CEO
  • Ben Radclyffe, Commercial Director at Bitmex, will have enhanced responsibility for client relationship handling and oversight of financial products

The team at Bitmex has announced that Arthur Hayes and Samuel Reed are stepping down from their CEO and CTO roles effective immediately. The announcement by the team at Bitmex further clarified that all founders, including Ben Delo, will step back from all executive management responsibilities.

Founders Arthur Hayes and Samuel Reed have stepped back from all executive management responsibilities for their respective CEO and CTO roles with immediate effect.

With fellow Founder Ben Delo, they will not hold executive positions in the 100x Group. Additionally, Greg Dwyer will take a leave of absence from his role as Head of Business Development.

The move by the founders of Bitmex to step down comes a week after the US CFTC and Department of Justice charged them with illegally operating a derivatives exchange and violating the Bank Secrecy Act.

Vivien Khoo as Interim CEO and Ben Radclyffe to Oversee Financial products

In terms of filling the void left by the founders of Bitmex, Vivien Khoo, the Chief Operating Officer of 100x Group, has been named Interim CEO. The current Commercial Director, Ben Radclyffe, has been given ‘enhanced responsibility for client relationship handling and oversight of financial products’.

The Chairman of 100x Group, David Wong, explained that the changes were meant at maintaining focus on Bitmex’s core business and to further push for the completion of Bitmex’s User Verification Program.

These changes to our executive leadership mean we can focus on our core business of offering superior trading opportunities for all our clients through the BitMEX platform, whilst maintaining the highest standards of corporate governance.

We have an exceptional senior leadership team who are well-placed to continue the growth and development of the 100x Group, including completion of the BitMEX User Verification Programme. It is business as usual for us and we thank all clients for their continued support.

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Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

Pennsylvania Man To Pay 74 Mln To Settle Bitcoin Fraud Charge

Pennsylvania Man To Pay $7.4 Mln To Settle Bitcoin Fraud Charge

By RTTNews Staff Writer | Published: 10/7/2020 10:24 AM ET

The Commodity Futures Trading Commission, or CFTC, has reached a settlement with a Pennsylvania man in a multi-million dollar Bitcoin fraud case. The CFTC announced that U.S. District Court for the Southern District of New York entered a consent order against Jon Barry Thompson, imposing injunctive relief and restitution of approximately $7.4 million.

The order resolved a CFTC enforcement action in which the CFTC charged Thompson with knowingly or recklessly making false representations to two customers in connection with their purported purchase of Bitcoin worth over $7 million.

According to the order, Thompson induced two customers in 2018 to send a combined total of over $7 million to fund the purchase of Bitcoin after making false representations that he or the escrow company he was affiliated with, had the Bitcoin in hand and the customers' money would be safeguarded.

Thompson took the customers' money and failed to provide any Bitcoin. He then lied to the customers about the location of the Bitcoin, the reasons the transaction was not completed, and the status of the customers' money, the order stated.

The order requires Thompson pay $7.43 million in restitution to the two customers, and enjoins him from any further violations of the Commodity Exchange Act or CFTC regulations, as charged.

The order also permanently bans Thompson from registering with the CFTC, from trading any commodity interests, and from trading Bitcoin for any account in which he has a direct or indirect interest.

This case was brought in connection with the CFTC Division of Enforcement Virtual Currencies Task Force. Thompson was charged in September 2019.

Simultaneously, U.S. District Judge Edgardo Ramos of the U.S. District Court for the Southern District of New York accepted Thompson's plea of guilty to one count of commodities fraud. Thompson will be sentenced on January 7, 2021.

Last week, the CFTC had charged cryptocurrency derivatives exchange Bitcoin Mercantile Exchange or BitMEX, for illegally operating an unregistered trading platform and for violating the anti-money laundering regulations. A civil enforcement action was filed in the U.S. District Court for the Southern District of New York.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

The Truth Finally Revealed: ‘Russia Hoax’ Was Clinton Strategy Obama Admin Was ‘On Board’

The Truth Finally Revealed: 'Russia Hoax' Was Clinton Strategy, Obama Admin Was 'On Board'

Written by BlabberBuzz | October 07, 2020 12:40 AM

The Director of National Intelligence has released and declassified, with no redactions, the files that prove Hillary Clinton's 2016 began the Russia hoax investigation into Trump, and Obama knew.

According to Fox News, the director of national intelligence, John Ratcliffe, declassified last Tuesday documents that reveal that the former director of the CIA, John Brennan, informed former President Obama about Hillary Clinton's alleged "plan" to link the then Republican candidate Donald Trump with Russia as a "means to distract the public from his use of a private email server" prior to the 2016 presidential elections.

Radcliffe declassified Brennan's handwritten notes, which were taken after he informed then-President Barack Obama about intelligence received by the CIA, along with a memo indicating that officials referred the matter to the FBI for possible investigation. In the statement to Fox News, Radcliffe said, "Today, under the direction of President Trump, I declassified additional documents relevant to congressional investigative and oversight activities. A familiar source confirmed that the documents contain notes that were written after the president was informed about the matter.

The declassification follows Radcliffe's release last week of newly declassified information to the Senate Judiciary Committee, which reveals that, in September 2016, U.S. intelligence officials ordered an investigative referral on Hillary Clinton allegedly approving "a plan for U.S. presidential candidate Donald Trump and Russian hackers. The goal would be to obstruct the presidential election "to distract the public from its email scandal.

The referral was sent to Comey and then deputy assistant director of counterintelligence Peter Strzok. The CIA memo states: "The following information is provided for the exclusive use of your office for background screening action or for primary purposes, as appropriate. This memorandum contains sensitive information that could reveal the source.

It should be handled with special attention to compartmentalization and need-to-know. To avoid possible compromise of the source, any investigative action taken in response to the following information should be coordinated in advance with the head of the Counterintelligence Mission Center. It cannot be used in any legal proceedings, including FISA applications, without prior approval … "

The memorandum continues: "At the verbal request of the FBI, the CIA provides the following examples of information that the CROSSFIRE HURRICANE fusion cell has obtained to date. An exchange on U.S. presidential candidate Hillary Clinton's approval of a plan regarding U.S. presidential candidate Donald Trump and Russian hackers hindering U.S. elections as a way to distract the public from their use of a private email server".

Radcliffe finally informed the committee last week that the Obama administration had obtained Russian intelligence in mid-2016 with accusations against its candidate, but warned that the intelligence "does not know the accuracy of this accusation or the text in which the Russian intelligence analysis may reflect exaggeration or fabrication. Hillary Clinton's alleged approval on July 26, 2016 of a proposal by one of her foreign policy advisors to vilify Donald Trump by provoking a scandal alleging interference by the Russian security services”.

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Article written by BlabberBuzz, and posted on the Blabber.buzz website.

Article reposted on Markethive by Jeffrey Sloe

Ethereum’s ETH Mean Hash Rate Hits New All-Time High Thanks to DeFi

Ethereum’s (ETH) Mean Hash Rate Hits New All-Time High Thanks to DeFi

John P. Njui   •   DEFI • ETHEREUM (ETH) NEWS   •   October 6, 2020

In brief:

  • Ethereum’s mean hash rate has hit a new all-time high of 250 Terahash per second
  • Ethereum’s hash rate has grown by 80% since the beginning of the year
  • This is as a result of increased interest in DeFi
  • MetaMask also hit a new milestone of 1 Million monthly active users thanks to DeFi

High user activity on Ethereum (ETH) has resulted in the network’s mean hash rate reaching a new all-time high of 250 Terahash per second. The team at Glassnode highlighted this milestone via Twitter and explained that the popularity of DeFi was the major contributor. Furthermore, Ethereum's mean hash rate has grown by 80% since the beginning of 2020.

MetaHash Celebrates 1M Monthly Active Users

The popularity of DeFi has also assisted MetaMask in hitting a new all-time high of 1 Million monthly active users. The milestone was shared by the team at MetaMask via the following tweet.

Also embedded in the tweet, is a chart demonstrating the increment of monthly users with time. From the chart, it can be observed that at the end of Q4 last year, MetaMask had 250,000 active monthly users. This value is a quarter of the current 1 Million thus pointing out that monthly active users have grown by a factor of four in 12 months.

The team at MetaMask pointed out that DeFi was once again behind the explosion of monthly active users as explained below.

…over the last twelve months, significant growth in the adoption of DAOs, Web3 games and the rapid consumer uptake of DeFi products and services has further accelerated our growth curve.

This 2020 curve parallels the trend in DeFi adoption, indicating that new users are coming to MetaMask specifically to participate in the decentralized finance revolution

It’s not just the ability to buy and store Eth that’s powering our new phase of growth. When you think about it, people don’t really want a wallet. They want to invest, sell, lend, borrow. They want to use sites like Uniswap, Yearn, Curve, Maker and Aave to get that job done. MetaMask is simply the connective tissue.

MetaMask recently launched MetaMask Mobile which is available on both Android and iOS. The mobile version of the wallet has gathered traction with a majority of its users residing in the four countries of the USA, India, Nigeria and the Philippines.

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Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe

Why This Tesla Investor Sees Bitcoin’s Market Cap Growing Past 1 Trillion Within 5 Years

Why This Tesla Investor Sees Bitcoin’s Market Cap Growing Past $1 Trillion Within 5 Years

By Nick James – October 6, 2020

A decade after Bitcoin came into being, the top coin is still performing relatively well and has been accelerating in popularity. Many people expect Bitcoin to soon achieve true mass adoption. Even institutional investors are shifting their gaze to Bitcoin, with some like Grayscale buying thousands of Bitcoins.

Perhaps, this craze is informed by the growing expectation that Bitcoin will eventually be widely accepted as a viable store of value to cushion against the increasing fiat-related inflation, a position that Gold has monopolized for hundreds of years. With this acceptance, Bitcoin’s price will see a hyper-bullish move, sending its total market cap to over $1 Trillion. That’s according to Yassine Elmandjra, an analyst working with Ark Investment Management.

Don’t Ignore BTC As An Asset Class

In a report released last month, Elmandjra went on to opine that investors shouldn’t ignore Bitcoin as a growing asset class. The fact that this analyst works with Ark is notable.

Ark is undoubtedly one of the best investment management teams in the market, having correctly estimated a price target for Tesla that has paid off as Tesla’s price shot up 400% this year.

Bitcoin Is Early To The Monetization Party

Bitcoin has been praised as the best performing asset of the decade. In late 2017, it achieved its ATH (All-Time-High) value clocking $20k apiece. Although the price has since pulled back to the current $10k levels, most analysts and investors agree that the top coin still has a very high potential for exponential appreciation.

In the report, Elmandjra opines that Bitcoin could soon balloon to surpass $1 Trillion in market cap. Currently, BTC’s market cap totals around $200 billion, making the over $1 trillion projection very eye-catching. In fact, the team at Ark Investment Management estimates that the market cap could grow to around $5 Trillion within a decade.

However, there are some risks associated with Bitcoin’s growth, with the major threat being the mass accumulation of Bitcoin by a few entities like Grayscale. If a few entities achieve total dominance over Bitcoin transactions, Bitcoin’s value proposition as a decentralized asset class could suffer.

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DISCLAIMER

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

The original article written by Nick James and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe