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Bitcoin Reddit Roundup – July 2020

Welcome to the second edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This roundup contains 45 links to the best quality content that was uploaded to Bitcoin Reddit this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other forums as well, such as r/BitcoinMining. In this roundup there are 10 different categories of links: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents) and, last but not least, Memes, Fun, And Other. Big shoutout to Sam Wouter,

There’s More To Bitcoin’s Rally Than Just Inflation Fears

While some analysts are pointing to inflation fears to explain bitcoin’s recent rally, there are so many other factors at play that affect the cryptocurrency’s rise.Neil Johnston was a creature of habit, and it was one of the things which his wife of twenty-four years Dorothy, both loved and loathed about him. While Dorothy appreciated Neil’s dependability, she was wondering if things were getting a little stale.So naturally Dorothy grew a little worried when Neil, who would walk through the door almost like clockwork at 7 pm every evening for

Algorithmic Trading Strategies, Explained

Momentum trading is based around the logic that if a predominant trend is already visible in the market, then that trend is plausibly going to continue at least until signals begin to come in that it has ended. The idea with momentum trading is that if a certain asset has been moving primarily in one direction for, say, several months, then we can safely assume this trend will continue, at least until data starts to show otherwise. Therefore, the plan will be to buy on every dip and lock in

Revolut Offers Cryptocurrency Service to its 7 Million Users Amid COVID-19 Crisis

The outbreak of the Coronavirus pandemic has affected the economic growth of many countries around the world.  Most financial institutions are forced to proffer different initiatives to mitigate the harsh effect of the virus on the global financial market. Central banks continue to print more banknotes to stimulate the economy in the fight against the outbreak. However, many reports have revealed that banknotes are potentially not safe during this time as they could help transmit the virus from one person to another. There is also the fear that excess money

Fear, Greed and the Evolution of Money in the Age of the Coronavirus Pandemic

The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed, on edge and struggling to sleep through the night.We watched as China took extreme measures to improve the coronavirus crisis there. We watched as Italy locked down the country and people scurried to other parts of Europe. We then watched as California Governor Gavin Newsom took early measures for the U.S. and locked

Is Bitcoin Becoming A Safe Haven After All?

Questions are raising, after central banks flood markets with rescue money.Central banks in the US and EU are putting together rescue packages to deal with the corona crisis that is currently infecting stock markets around the world with panic. While the measures largely fizzle out, Bitcoin is recovering without any help at all. Was it too early to write off Bitcoin as a lifeboat?Is the big wave still coming? (Photo by Jeremy Bishop on Unsplash)If you have already dealt with Bitcoin, you certainly know: the maximum number of Bitcoins is

Here’s How the Crypto Sector Is Navigating the Pandemic’s Challenges

Despite hopes that a peak of the coronavirus cases is near, the pandemic continues to impact almost every aspect of daily life, becoming a rolling news ticker in itself. When such a disaster strikes, it can be easy to go through each day devouring the latest news as it occurs and digesting each piece as a story by itself without forming an overall picture.This pandemic is a seismic event with far-reaching impacts across different sectors, and crypto is no exception. In fact, because cryptocurrency markets move at breakneck speeds, the

‘Critical Security Vulnerability’ Forces Bisq Exchange to Halt Trading Service

Non-custodial cryptocurrency exchange, Bisq has announced that it will temporarily halt trading service on its platform following a newly discovered security vulnerability.  Based on the development, the exchange has notified its users not to proceed with any existing transaction or send funds to any party as it could result in a loss.  The temporary halt in trading service does not stop users from overriding the key responsible for this action. However, Bisq does not support the idea as it could hamper users’ security.  “Bisq is a proper distributed peer-to-peer network. So you

UPDATE: Bisq Exchange Losses $250K to ‘Critical Security Vulnerability’ But Has Fixed

Non-custodial cryptocurrency exchange, Bisq has announced that it will temporarily halt trading service on its platform following a newly discovered security vulnerability.  Based on the development, the exchange has notified its users not to proceed with any existing transaction or send funds to any party as it could result in a loss.  The temporary halt in trading service does not stop users from overriding the key responsible for this action. However, Bisq does not support the idea as it could hamper users’ security.  “Bisq is a proper distributed peer-to-peer network. So you

Japan Launches Digital Court Based On Blockchain Technology

Researchers across the globe have come together and developed a digital court system based on blockchain technology. The court itself will be used in cases like auctions, sales, contracts, as well as other civil matters, at least for a start. The digital court will identify then punish individuals who have deviated from their respective legal obligations.New Courtrooms Are DigitalProfessor Hitoshi Matsushima, coming from the University of Tokyo, led the project alongside Shunya Noda, from the University of British Columbia. Through the press release, the Japan and Canada-based researchers explained that