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November 20 · Issue #68 · View online
Weekly curated news and commentary.
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This is The Block. Well it doesn’t get much more harrowing than this. Although now I’m saying it, I feel confident that it can, and may, get much worse. $4800 and falling. How low can you go? We’ll see! A few weeks back I made the observation that Bitcoin was becoming so normal it was boring. Spoke too soon! It’s back to being not-boring, which can be exciting for some. For others, it can be like the three GIFs below. Let’s watch.
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We're all just hanging on and hoping the ride ends soon.
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How deep does this hole go?
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Just a never-ending series of bone-crushing thumps and your existential self screaming in horror. No big deal.
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Bitcoin below $5,000 as bloodbath continues
Bitcoin prices have tumbled further on Monday, reaching their lowest level since October 2017.
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Blockchain & Crypto Hype Cycle: Where We’re at and What’s Coming Next
Blockchain technology and cryptocurrency have been on a wild ride since 2008. Epic booms, busts, wild swings, scams and a lack of real-world implementation have led many to dismiss the technology as overhyped and valueless. But a closer look at the last decade reveals blockchain has thus far had a typical journey for an emerging technology on the road to maturity and adoption.
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JP Morgan internal Cryptocurrency prediction report: Bitcoin, Bitcoin Cash, Ethereum, Ripple, Cardano, Dash, Litcoin etc are here to stay
JP Morgan states that cryptocurrencies are here to stay. Even though many of the financial institutions believe that cryptocurrencies are not the longer term phenomena but the truth is that, institutions reporting to like JP Morgan are clearly stating that cryptocurrencies are here to stay. This is according to an internal report from the company.
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Energy cost of 'mining' bitcoin more than twice that of copper or gold
New research reveals that cryptocurrencies require far more electricity per-dollar than it takes to mine most real metals.
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This Blockchain Believer Turned Heretic Is Still Bullish on Bitcoin
Angus Champion de Crespigny ran a major firm’s Blockchain division that specialized in finance. But he stopped believing in the technology’s promise. Here’s why.
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Bitcoin Unspent Transaction Output Accumulation Could Signal Crypto's Next Bull Run
Analysis indicates that the rise in Bitcoin UTXOs, which signals an accumulation phase, could be a precursor to crypto’s next bull run.
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A New Hedge Fund Is Betting On Bitcoin Adoption--And Has The Data To Back It Up
Declining bitcoin and cryptocurrency prices are obscuring an underlying growth in adoption and institutional infrastructure, according to a San Francisco-based hedge fund.
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Not Sure Where Crypto Is Headed? Consider One Of These All-Weather Crypto Investment Strategies
Most buy and hold crypto investors might aim to “shoot for the moon” but in reality there exists a subset of crypto investment strategies that can work regardless of market direction.
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Blockchain job interest (and postings) dip as bitcoin loses steam
Data from job-search site Indeed shows interest in those with blockchain development skills, including the creation of cryptocurrencies, has waned as bitcoin’s value – and the hype around it – has fallen over the past year.
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That’s it for today. Thank you for reading!
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