Assange’s Extradition: An Escalation of the US War on Terror – Common Dreams

Last week the U.S. District Judge Anthony Trenga released Chelsea Manning from detainment after concluding that the grand jury that she had been subpoenaed to testify before no longer needed her, since it was being disbanded. Manning was incarcerated because of her principled stance against the secrecy of the grand jury and her refusal to cooperate in its coercive procedure.

The release of Manning came after the U.S. government tried to break her to the point of suicide. Nils Melzer, the UN Special Rapporteur on Torture, wrote a letter to the U.S. government late last year indicating that Manning's imprisonment amounted to torture. Her resistance is a part of the U.S. government's war on the free press, going after WikiLeaks' publisher Julian Assange.

Assange has been charged under the Espionage Act for publishing classified documents which exposed U.S.war crimes in Iraq and Afghanistan. This indictment is recognized by free speech groups as an unprecedented attack on the First Amendment. In February, the first week of the U.K. hearing of the U.S. request for Assange's extradition revealed a scale of this 'war' that goes well beyond press freedom. What took place inside the Woolwich Crown Court in south-east London was a sign of a dangerous slippery slide towards fascism.

Judge Vanessa Baraitser's deliberations on the U.S.extradition request for Assange was a trial for journalism, where bullying of an innocent man is camouflaged as a judicial process and the prosecution of a publisher that has no legal ground is given legitimacy. As Assange's defense team argued, the proceedings have shown a serious disregard for the rule of law, including abuse of process and ignoring the political nature of this case.

Craig Murray, a U.K. ex-diplomat who attended the hearing everyday, gave a report of his first hand account, pointing out the very oppressive nature of the building and physical arrangement inside the maximum security anti-terrorist court. He made it clear that Assange is a remand prisoner who completed an unprecedentedly long sentence for a minor bail violation and an innocent man facing charges for publishing documents that exposed the U.S.and U.K. government's war crimes.

The former ambassador to Uzbekistan described how Assange is now treated like a violent criminal. On the first day of trial, Assange was subjected to strip searches twice, handcuffed 11 times and his court papers were removed. In the courtroom he was held behind a glass pane in the presence of private security officers, being unable to communicate with his legal team confidentially during proceedings. During the hearing, Assange spoke:

"I cannot communicate with my lawyers or ask them for clarifications without the other side seeing. The other side has about 100 times more contact with their lawyers per day. What is the point of asking if I can concentrate if I cannot participate?"

Clare Daly, member of the European Parliament from Ireland for the Dublin constituency was at the hearing and commented on this draconian measure taken against international standards. She mentioned that she was shocked to see Assange isolated behind the glass window, away from his legal team. Another member of the Parliament, Stelios Kouloglou, who was also at the court observing the hearing noted how what he saw reminded him of the dictatorship in Greece.

What is this prosecution of WikiLeaks founder really about? What has quietly taken place in the U.S. government's war on free press was a shredding of the Magna Carta as the very foundation of democracy. The Magna Carta is one of the most important historical documents, having established the principle of due process. It embodies the idea that everyone is subject to the law, even the king, and that all are entitled to the right to a fair trial, thus guaranteeing the rights of the individual.

The Founding Fathers of the United States considered this protection against unlawful and indefinite imprisonment essential in securing individual liberty. For this, they aimed to guarantee the constitutional due process right of habeas corpus, in Article 1, Section 9 of the Constitution.

By prosecuting Julian Assange, the U.S.government is not only violating the First Amendment, but also engaged in a direct assault on the core of civil liberties. The steps toward destruction of the constitution didn't just begin now. It didn't happen accidentally, nor does this government's obstruction of human rights only concern Assange as an individual. If we look carefully, we can see a series of events that were carefully orchestrated, leading to the extremely disturbing scenario of the detention of a multi-award winning journalist inside a glass box, as seen during the extradition hearing.

Assange through his work with WikiLeaks came to understand the hidden oppressive force that has insidiously stripped him of his own democratic rights. In his 2006 essay Conspiracy as Governance, he wrote:

Authoritarian regimes create forces which oppose them by pushing against a people's will to truth, love and self-realization. Plans which assist authoritarian rule, once discovered, induce further resistance. Hence such schemes are concealed by successful authoritarian powers until resistance is futile or out weighed by the efficiencies of naked power. This collaborative secrecy, working to the detriment of a population, is enough to define their behavior as conspiratorial.

What Assange described as "conspiratorial interactions among the political elite" can be identified in power networks documented by Peter Phillips in his book "Giants: The Global Power Elites." This includes efforts such as the Project for the New American Centuryan enterprise established in 1997 for the purpose of exercising American global leadership. Consisting of top-level personale in the George W. Bush administration, it aims for total military domination of the world.

After the September 11, 2001 attacks on the World Trade Center, networks of "collaborative secrecy" that Assange analyzed, seemed to have gained momentum. Investigative journalist John Pilger revealed the American plan to exploit a catastrophic event and the way the 9/11 disaster provided the "new Pearl Harbor" (discussed in the plan) as the opportunity for the extremists in America to grab the world's resources.

Right after the event the U.S., supported by its close allies, invaded Afghanistan. Then, just weeks later The USA PATRIOT Act, that radically expanded the government's capability of surveillance, was developed as anti-terrorism legislation. The following year, in 2002, the Guantanamo Bay detention camp was set up in Cubain violation of due process clauses of the Constitution. From the Iraq War in 2003 to the passing by Congress of the Military Commissions Act (MCA), that completely dismantled the principle of habeas corpus, the erosion of civil liberties was made under the pretext of "fighting terrorism"America's official mission to wipe out al Qaeda and the terrorist Taliban leaders.

How did this radical transgression against democracy come about? Author Naomi Klein in "Shock Doctrine: The Rise of Disaster Capitalism" investigated how the state exploits crises through taking advantage of the public's psychologically vulnerable state to push through their agendas. She described the lead-up to the invasion of Iraq as a prime example of this shock doctrine.

The terror invoked by the Bush doctrine of "war on terror" in the wake of 9/11 was truly an attack on the heart of democracy. It paralyzed people and decapitated their ability to define reality, uprooting them from their own history. With the mainstream media broadcast of repeated images of the collapse of the Twin Towers, a climate of fear was amplified.

In response to the event portrayed as "terrorist attacks", President Bush in his address to Congress and the American people, expressed his patriotism with the deep emotional tones of vendetta. While the nation was disoriented, and before people had time to process this tragic incident or even really know who perpetrated it, the narrative of victimization was deftly put forth. Many wrapped themselves in the flag and joined the drumbeat of war with a sense of righteous self-defense.

The hearts of people that had frozen became numb. Many of us became unable to feel a sense of wrongness in the face of injustice. A steady advance in the reduction of civil liberties came to be normalized. In the euphemisms of "enhanced interrogation" and "extraordinary rendition" reprehensible human acts such as torture and kidnapping were made more acceptable. The term "bulk collection" was used to disguise "mass surveillance", making unconstitutional NSA spying of an entire world seem less severe or immoral. Cruel killings of civilians became less sensational when they are called "noncombatants" or become "collateral damage" after they were killed.

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Two months after 9/11, in a news conference, President Bush urged the international community to form a coalition for military action. He said, "You're either with us or against us in the fight against terror!"claiming there is no neutrality in this war against terror. With a police crackdown on activists creating a chilling effect, the nation entered a political winter. Consequently, Obama's victory in the 2008 presidential election appeared to have lifted up the dark cloud of the post-9/11 world. Yet by the end of 2009, the American public became disillusioned with Obama's empty promises of "hope and change."

In spring of 2010, as waves of apathy were moving through the country, a shift in the tide emerged. WikiLeaks published classified military footage of the July 2007 attack by a U.S.Army helicopter gunship in the Iraqi suburb of New Baghdad. The video, titled "Collateral Murder", depicted the killing of more than a dozen men, including two Reuters' staffers.

The release of the Collateral Murder video brought a real catalyst for change. In the 17-minute film that portrayed the everyday life of the brutal military occupation in Iraq, we were given an opportunity to see with our own eyes who those labeled as enemies in the "war on terror" really werea group of adults and children trying to defend themselves from being shot and journalists risking their lives to do their job.

The light that unveiled the U.S.military's senseless killing was the conscience of the U.S.Army intelligence analyst Chelsea Manning. It brought an awakening to the heart that remembers our inherent obligation to one another, helping to recover stolen memories of our own history.

The act of conscience of this young American whistleblower was met with cowardliness and indifference of the established media. Manning first reached out to major U.S. news outlets such as the New York Times and the Washington Post with material that exposed U.S. war crimes, but they turned her away.

With a vacuum of moral courage in the media landscape, WikiLeaks became the publisher of Manning's last resort. Nelson Mandela, who led the emancipation of South Africa, once spoke on how courage is "not the absence of fear, but the triumph over it" and that "the brave man is not he who does not feel afraid, but he who conquers that fear."

In the face of the prevailing terror of an authoritarian state, WikiLeaks demonstrated truly fearless journalism, igniting the courage of their sources. A project of Sunshine Press launched in 2006, WikiLeaks began to melt frozen hearts, revealing the reality covered up by the corporate media.

In releasing the Collateral Murder video, Assange indicated that the purpose of this publication was to show the world what modern warfare actually looks like and that "his mission is to expose injustice, not to provide an even-handed record of events." An Australian journalist, Assange explained how WikiLeaks gave a political slant to their naming of the video as a way to give it maximum political impact, because the organization wanted to "knock out the euphemism of 'collateral damage', so when anyone watches it they will think 'collateral murder'."

In the summer of 2010, the light of transparency grew stronger. WikiLeaks published the Afghan War Diary, the trove of U.S.classified military records concerning the war in Afghanistan, revealing around 20,000 civilian deaths by assassination, massacre and night raids. This was quickly followed by their subsequent release of the Iraq War Logs, which informed people in Iraq about 15,000 civilian casualties previously unreported and not known to the international community. WikiLeaks' release of 779 classified reports on prisoners of the U.S.military prison in Guantnamo shed light on illegal detention and interrogation practices that were carried out during the Bush regime.

After their release of documents concerning wars in the oil-rich Middle East, the Pentagon swiftly attacked WikiLeaks. Despite the organization's careful harm minimization efforts of redacting sensitive information, U.S. Joint Chief of Staff Mike Mullen threatened the whistleblowing site with a bombastic line of "blood on their hands." This official spokesperson of the Pentagon called WikiLeaks publications "reckless" and "irresponsible" although not one single shred of evidence has ever been brought forth that any of these disclosures caused anyone harm.

At the time WikiLeaks began publishing the U.S. Diplomatic Cables, revealing countless wrongdoing, then Secretary of State Hillary Clinton (in the Obama administration) strongly condemned the whistleblowing site. Clinton, who admitted the Iraq War was a mistake and confessed how the U.S.had created Al Qaeda and ISIS, said: "This disclosure is not just an attack on America's foreign policy interests. It is an attack on the international community."

Contrary to the U.S.government's portrayal of itself as a victim, WikiLeaks' released documents which have shown the truththat they are the perpetrator of human rights abuses, engaging in illegal wars. Manning's conscience, through WikiLeaks' brave act of publishing, was a response to the U.S.imperial war of aggressionthe massive political offence committed against the entire world.

America's political offense continued even after the Bush-Cheney era. President Obama not only refused to prosecute the previous administration's war criminals, he himself became a successor to their crimes. In 2009, instead of withdrawing troops, he added more, fueling the war in Afghanistan. Despite his promised "sunshine" policyto make the government more transparent Obama waged an unprecedented war against truthtellers, charging Manning and the NSA whistleblower Edward Snowden under the Espionage Act.

With his 2012 campaign slogan of "Forward", Obama went "forward" with Guantanamo Bay and drone attacks. He signed into law the National Defense Authorization Act (NDAA) of 2012 that contained controversial provisions of a sweeping worldwide indefinite detention, which is still effective today. With his "kill list", this supposedly 'progressive' president expanded the power of the executive branch in ways that enabled him to act as accuser, prosecutor, judge, jury, and executioner all in one, including assassinating anyone, even U.S. citizens.

In 2012, declassified military documents obtained through a Freedom of Information Act request revealed that the U.S.government has designated WikiLeaks and Julian Assange as enemies of the United States, putting the media organization in the same legal category as Al Qaeda and violent terrorist groups.

From secret grand jury investigation to extrajudicial financial blockade, to harassment of WikiLeaks' associates at borders (including Assange's lawyer), the Obama administration attacked the publisher who has fiercely defended the public against the empire's repeated human rights abuses and egregious political offenses. Now, in the Trump administration's indictment against Assange on 17 counts of violating the Espionage Act and one count of conspiracy to commit computer crime, we are seeing the escalation of this unprecedented war against the First Amendment.

Assange's U.S.extradition case is our fight against the empire's perpetual "war on terror"the war that started with lies, and a war with no end. This is a political battle and Assange's freedom cannot be won by the court.

Julian Assange created a new form of journalism that enabled a free press to perform its true functionthe role of watchdog for democracy. WikiLeaks opened a possibility for ordinary people to use information as power to participate in unfolding events, thwart authoritarian planning, so as to never repeat the tragic hijack of history that led to atrocities in distant landskilling tens of thousands of innocent people.

Networks of contagious courage that emerged through waves of whistleblowers began to dissolve the conspiracy of governance. The heart of democracy that is resuscitated now inspires us to move toward justice, to recognize our own significance and look one another in the eyes as we become who we are meant to be movers and shakers of our own history. Only through the courage of each individual to overcome fear and confront this terror that has been unleashed, can we end this war and free those who sacrificed their liberty, so we all can be free.

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Assange's Extradition: An Escalation of the US War on Terror - Common Dreams

Heres How To Predict Major Moves In The Price Of Bitcoin – Forbes

Bitcoin has been swinging wildly over recent months, seeing even higher volatility than usual.

The bitcoin price, which has had all of its 2020 gains wiped out by panic sparked by the spreading coronavirus, fell to 10-month lows earlier this month only to rebound sharplyand is now trading at around $6,000 per bitcoin.

Bitcoin and cryptocurrency investors are keenly watching for any signs of further volatility with one analyst pointing to "large increases in exchange inflows" as heralding extreme bitcoin price moves.

The bitcoin price has fallen heavily in the face of a broader coronavirus-related market sell-off, ... [+] with some warning bitcoin is failing to act as a so-called safe-haven asset.

"Large increases in exchange inflows have proven to be a good indicator of increased volatility, so we recommend keeping an eye on the amount being transferred to exchanges," Philip Gradwell, the chief economist at New York-based bitcoin, crypto, and blockchain research company Chainalysis, wrote in a blog post this week.

Bitcoin and crypto exchanges saw their daily inflows increase by 250% during the second week of March compared to their 2020 average, according to Chainalysis research.

From March 9 to March 16, exchanges around the world received 1.1 million bitcoin per day, 712,000 bitcoin more than average with trading activity increasing as bitcoin flowing into exchanges was sold.

Chainalysis found that bitcoin trading was driven primarily by new bitcoin entering exchanges, rather than bitcoin already held on exchanges.

"The majority of excess bitcoin arriving at exchanges has been sold, and the worst of the oversupply appears to be finished for now," Gradwell wrote, adding that due to the "uncertainty around the COVID-19 pandemic, its hard to predict where the bitcoin market will go next."

"We also expect that professional traders will continue to drive events, as opposed to retail exchange users, simply because they are responsible for much larger volumes," Gradwell wrote.

Bitcoin exchange inflows rose dramatically during the second week of March, just ahead of the ... [+] bitcoin price taking a huge step downward.

Last month, ahead of bitcoin's coronavirus-related plunge, research found bitcoin's early 2020 rally was being driven by long-awaited institutional investors buying up bitcoin.

At the peak of 2017's epic rally, bitcoin exchange deposits outpaced the bitcoin price, with bitcoin and crypto analytics firm Glassnode recording around 200,000 daily exchange deposits.

Bitcoin exchange deposits have previously increased along with the bitcoin price, with deposits falling back during bear markets, however, average bitcoin exchange deposits dropped sharply over the last six months even as the bitcoin price rosesuggesting the last bitcoin rally wasn't driven by retail investors.

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Heres How To Predict Major Moves In The Price Of Bitcoin - Forbes

Vitalik Proposes Solution to ‘Embarrassing’ Lack of BitcoinEthereum Bridge – Cointelegraph

Ethereum co-founder Vitalik Buterin posted a tweet on March 24 claiming that the continuing lack of easy movement between the Ethereum and Bitcoin networks was embarrassing.

As a solution, he proposed putting resources into building a decentralized exchange (DEX), to act as a trustless bridge between the two.

Buterins plan calls for the DEX to be trustless and serverless, with a user experience very similar to Uniswap. Uniswap is a decentralized exchange that runs without an order book, instead relying on asset pairs with Ether as a fixed base currency.

As Cointelegraph reported, Uniswap has just announced plans to release a V2 update in Q2 2020, which will allow direct token-to-token swaps.

Decentralized exchanges have struggled to gain market share against traditional exchanges, despite being more closely aligned to the overall trustless ethos of cryptocurrency. Part of the issue has been a lack of liquidity, although a dedicated BitcoinEhereum DEX supported by Buterin may well see greater uptake.

Vitalin suggested further suggested that Bitcoin was not the only potential destination for a DEX bridge from Ethereum, and other blockchain ecosystems should also be up for consideration.

Buterin specifically mentioned Zcash as one example, saying that he has already had discussions to this end with Zooko Wilcox, CEO of Zcash-creators, the Electric Coin Company. However, he admitted that they could both work harder to turn such talk into action.

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Vitalik Proposes Solution to 'Embarrassing' Lack of BitcoinEthereum Bridge - Cointelegraph

Tezos Foundation Offloaded Millions of Dollars Worth of Bitcoin in 2019: Report – CoinDesk – CoinDesk

The non-profit that holds funds raised in Tezos' $400 million initial coin offering (ICO) sold as many as 8,000 bitcoins (BTC) in 2019.

The share of the Tezos Foundation's portfolio made up of bitcoin fell from 61 percent in July to 47 percent as of the end of January, the non-profit disclosed in its biannual report, released Thursday. The value was reinvested into XTZ tokens and into other asset classes.

Per the report, the Tezos Foundation, which is based in Switzerland, held approximately $397.7 million worth of bitcoin on July 31, 2019. As bitcoin traded at the $10,000 mark, according to CoinDesk's Bitcoin Price Index, the foundation held roughly 39,700 bitcoins.

As of Jan. 31, the foundation held 31,800 bitcoin, worth roughly $298.5 million based on a spot price of $9,400. That means the foundation sold as many as 8,000 bitcoins, which, even with the recent downturn in prices, would still be worth as much as $53 million today.

The total value of the foundation's portfolio fell from $652 million on July 31 to $625 million by Jan. 31. It is managed by an asset-management strategy that is established and reviewed by the Tezos Foundation Council the group that leads the organization on a regular basis, according to the report.

Value was reinvested into other asset classes, including bonds, equities and fiat currencies.

The foundation also increased its tezos (XTZ) token exposure, upping the share from 15 percent to 23 percent. With the XTZ price increasing by nearly 40 percent in the six months between the reports, according to CoinGecko, the value of holdings went up by approximately $48.2 million.

Roman Schnider, CFO of the Tezos Foundation, told CoinDesk that although it considered bitcoin to be a "key store of value," its asset strategy policy was to focus and pay for its long-term objectives "without being distracted by short-term market moves."

Investments into a stability fund a diversified range of exchange-traded funds (ETFs) and bonds as well as fiat currencies, acted as risk management instruments that ensured "operational effectiveness" against crypto volatility, Schnider added.

In Thursday's report, the Tezos Foundation said it had no plans to liquidate any of the XTZ allocated from the genesis block or generated from its own baking activities, a form of staking used to produce blocks and secure the tezos protocol.

UPDATE (Mar. 23, 12:35 UTC):A previous version of this article stated the Tezos Foundation had moved value into ether. Ryan Lackey, a Foundation council member, reached out to say this was not the case and that the ether came from the 2017 ICO.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Top 3 Price Prediction Bitcoin, Ether, Ripple: Crypto market decides the road ahead – FXStreet

The crypto market is still deciding who will lead the next uptrend.

Bitcoin is using its position as the undisputed king of the crypto board to increase its dominance level to 67.64% of the market capitalization. It may seem like a lot, but we must remember that in February 2017, the same dominance metric reached 96%.

The eternal prince Ether, for his part, now has 8.45% of the market capitalization. It is interesting to note that Ether shares the percentage of capital that Bitcoin leaves free among more than 2500 tokenized projects.

Ether's dominance is now at the base of a slightly bullish long-term channel. Since records began, the maximum Ether dominance on the Crypto board was recorded in July 2017, with a level of 30.85%.

The situation of Ether is delicate as it is very close to losing the current support and could be lost in a very negative scenario. The MACD and Directional Movement indicators show structures that are compatible with a change in direction, but still need some time to be able to materialize it.

The ETH/BTC pair starts the session with gains, although short term in light of the immediate presence of the SMA200. The long-term moving averages continue to trend higher, so the market fund continues to be positive for the price.

Above the current price, the first resistance level is at 0.021, then the second at 0.022, and the third one at 0.0228.

Below the current price, the first support level is at 0.020, then the second at 0.018, and the third one at 0.019.

The MACD on the daily chart shows a relatively flat profile, while the moving averages are very close, making a bullish attempt possible in the next few days.

The DMI on the daily chart shows that the bears continue to lose strength, although the bulls do not take advantage of this weakness to increase their activity.

The BTC/USD pair shows weakness at the start of the session and is unable to break the $6909resistance level. The roof of the bullish channel is at only two resistance levels, a distance theoretically attainable for Bitcoin.

Above the current price, the first resistance level is at $6900, then the second at $7100 and the third one at $7150.

Below the current price, the first support level is at $6575, then the second at $6375 and the third one at $6250.

The MACD on the daily chart expands the bullish profile and the line separation. It is precisely the slightly exaggerated line separation that warns of a possible pause in the upward movement of the BTC/USD pair.

The DMI on the daily chart shows the two sides of the market moving nearby. The confrontation between bears and bulls seems to be close, which could also support a scenario of a pause in the bullish trend.

The ETH/USD pair is currently trading at the price level of $141.6and it is having trouble breaking out of the price congestion resistance level at $142.5.

Above the current price, the first resistance level is at $142.5, then the second at $150 and the third one at $155.

Below the current price, the first support level is at $130, then the second at $125 and the third one at $120.

The MACD on the daily chart shows a completed bullish cross, although it is very recent and therefore still fragile.

The DMI on the daily chart shows the bears losing strength as the bulls gain strength. However, the distance between the two sides indicates that there won't be a confrontation between the two sides of the market for a few days.

The XRP/USD pair is currently trading at the price level of $0.1649and is the least performing member of the Top 3.

Above the current price, the first resistance level is at $0.165, then the second at $0.175 and the third one at $0.19.

Below the current price, the first level of support is at $0.15, then the second at $0.14 and the third one at $0.135.

The MACD on the daily chart shows a full bullish cross but still not developed. The slope of the fast-moving average is higher than Ether so that we can see some upward volatility in XRP.

The DMI on the daily chart shows the bears are losing strength, but the bulls are not taking advantage of it and are giving up for the time being on the selling side of the market.

.Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

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Top 3 Price Prediction Bitcoin, Ether, Ripple: Crypto market decides the road ahead - FXStreet

3 Reasons Why Bitcoin Price is Bullish Right Now – Bitcoinist

Bitcoin price has jumped over 15% during the last 24 hours, currently trading above $6,700. Here are three main reasons behind the surge:

House Democrats proposed two bills that revolve around the creation of a digital dollar and digital wallets, so that the Federal Reserve (Fed) could transfer digital cash directly to individuals and businesses. The move is meant to support the economy amid the COVID-19 pandemic, as the US is only after China and Italy by the number of confirmed cases.

The draft bills are called Take Responsibility for Workers and Families Act and the Financial Protections and Assistance for Americas Consumers, States, Businesses, and Vulnerable Populations Act. According to authors of the legislation, the Fed would use a digital USD and digital wallets to transfer money to qualified individuals, which amount $1,000 for minors and $2,000 for adults.

Both draft documents use the same definition for the digital dollar:

The term digital dollar shall mean a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve bank; or an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).

The law might be supported by Congress, and the Fed wouldnt mind since it previously admitted that it was thinking about issuing a digital currency.

Yesterday, the Fed surprised the market when it announced its unlimited support for the economy. Besides buying more Treasuries and mortgage-backed securities, the central bank would also buy corporate bonds and related exchange-traded funds (ETFs).

Johnny Fine, Goldman Sachs head of Investment Grade Bonds told CNBC:

This is unprecedented action by the Fed.

The Fed will buy corporate bonds under a program called the Secondary Market Corporate Credit Facility.

The Feds unlimited quantitative easing boosted stock markets, which encouraged many institutional investors to look through other assets, including Bitcoin.

China has reported zero local cases for several days in a row, though the number of imported cases increases. Nevertheless, businesses in many regions are reviving. However, many are skeptical of Chinas reporting, and there are concerns that the imported cases might spark another wave.

Another sign of hope is the antimalarial drug called hydroxychloroquine, which was recently touted by US President Donald Trump. The drug, which has been around for over 70 years, has been successfully used against COVID-19 in many hospitals in China, South Korea, and in France.

However, many experts warn that the drug and its predecessor, chloroquine, havent been officially approved as a COVID treatment. Moreover, several people got poisoned and even died of overdose by taking chloroquine after Trumps comments.

While the drug is known to have potentially severe side effects especially when the dosage is ignored, many trials have already started in Europe as it is among few medications that showed impressive results against the new coronavirus.

Do you think Bitcoin can break above $7,000 soon? Share your expectations in the comments section!

Images via Shutterstock, Twitter @ToddCFRA

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3 Reasons Why Bitcoin Price is Bullish Right Now - Bitcoinist

Will the Fed’s Easy Money Flow to Bitcoin? – Crypto Briefing

The Dow Jones Industrial Index (DJIA) ended Tuesday on a bright note with an 11.37% gain. US stocks saw an uptick in sentiment as the government and Treasury neared confirmation for a $1.6 to $2 trillion fiscal stimulus plan. With the Fed also promising $4 trillion in liquidity, is there a bullish case for Bitcoin?

The global economy faces its most pertinent threat in over a decade in the form of the coronavirus. Politicians are banding together to find a solution to any adverse impact the virus will have on the economy.

Over the last decade, the Federal Reserve has helped prop up markets by giving financial institutions low-cost liquidity against Treasury bills.

A fiscal stimulus deal worth at least $1.6 trillion, per Senate minority leader Chuck Schumer, is almost confirmed. This is intended to aid the American people through a looming unemployment crisis. American stocks had an astounding response to this news, recording their highest daily gain since 1933.

Although Bitcoins correlation to gold has been subject to widespread attention, this has been superseded by its correlation to the US stocks in the last two weeks.

Now, with such a high correlation between the two asset classes, an improved outlook for equities could result in enhanced sentiment for cryptoassets.

Cryptocurrency analysts are hard at work debating the effects of the latest quantitative easing on Bitcoin. Some speculate that financial institutions holding low-cost money may turn to Bitcoin.

As it stands today, however, institutions arent betting on Bitcoin to do any better than their favorite stocks. Furthermore, if the global economy enters a recession, investors are not likely to allocate capital to risk-assets in the near term, even with the extra stimulus.

However, the coronavirus, which is the largest headwind for the economy, seems to be steadily getting worse in the United States. This paints a bearish picture for risk-assets for the foreseeable future.

Once concluded, a large portion of the extra money in the economy will be simultaneously pushed into risk-assets. Bitcoin enthusiasts can only hope that the top crypto remains coupled to the broader economy. Only time will tell which narrative BTC assumes during the length of the crisis.

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Will the Fed's Easy Money Flow to Bitcoin? - Crypto Briefing

Heres Why Bitcoin Bulls Aim Larger Rally Above $7K In Near Term – newsBTC

Bitcoin is gaining momentum and it is trading above the $6,500 support against the US Dollar. BTC price is likely to continue higher towards $7,000 and $7,200 in the coming sessions.

After a successful break above the $6,500 resistance, bitcoin extended its rise above $6,700 against the US Dollar. BTC price broke the $6,800 resistance and settled above the 100 hourly simple moving average.

A high is formed near $6,880 and the price is currently correcting lower. It tested the 23.6% Fib retracement level of the recent upward move from the $5,752 low to $6,880 high.

On the downside, there are many supports, starting with the $6,500 area. The next major support is seen near the $6,520 level. It is close to the 50% Fib retracement level of the recent upward move from the $5,752 low to $6,880 high.

More importantly, there is a major bullish trend line forming with support near $6,120 on the hourly chart of the BTC/USD pair. If bitcoin pair starts a major downside correction, the $6,320 and $6,120 levels are likely to act as strong supports in the near term.

Bitcoin Price

Any further losses below $6,120 may perhaps put a lot of pressure on the bulls. The next major support is near the $5,800 and $5,780 levels.

On the upside, an initial resistance is near the $6,800 area. If bitcoin climbs nicely above the $6,800 and $6,820 resistance levels, there are chances of a sustained upward move.

The next key resistance is near the $7,000 level, above which the price is likely to rise towards the $7,200. Any further upsides may perhaps lead the price towards the $7,500 and $7,550 resistance levels in the near term.

Technical indicators:

Hourly MACD The MACD is slowly gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for BTC/USD is currently rising and it is approaching the 60 level.

Major Support Levels $6,500 followed by $6,320.

Major Resistance Levels $6,800, $7,000 and $7,200.

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Heres Why Bitcoin Bulls Aim Larger Rally Above $7K In Near Term - newsBTC

Analyst reveals why Bitcoin will rise amid QE – Coin Rivet

eToro analyst and cryptocurrency expert, Simon Peters, has described the potential impact of the Federal Reserves QE on Bitcoin.

On Monday the Federal Reserve announced a plan to unleash unlimited quantitative easing to boost the US economy after its coronavirus-related plunge.

Understandably, this had a huge impact on all global markets, with the S&P500 rallying by 7.75% from a low of 2169.5.

Bitcoin also experienced a boost at the hands of the Federal Reserve as it surged significantly on Monday with continuation going into Tuesday.

Bitcoin rose by 11% yesterday, currently at around $6,700, following the US Federal Reserves announcement on unlimited QE to help reduce the economic impact of the Covid-19 pandemic. said Simon Peters, eToro analyst.

This effectively pumps billions of dollars into the market, so some investors may be wary that the dollar will lose its value, and are moving back into bitcoin to hedge against inflation. Cryptoassets have been used in a similar way in other economies plagued by hyperinflation, such as Venezuela and Argentina.

Because the amount of new bitcoin that comes on to the market decreases over time, it is by design a deflationaryasset when compared with a fiat currency like the US dollar. In theory the value per bitcoin should increase over time.

Following its previous falls, the price of bitcoin has been tested and held above the $5,800-$6,000 mark on a number of occasions over the last week, so we could get back to $7,000 in the coming days. However, well have to see if the markets have enough momentum to break and importantly stay above this level, or whether there is a further price retreat.

Coin Rivets daily price analysis also pointed out that Bitcoin was approaching a critical level of resistance at $6,800, with a breakout opening the doors for a move above $7,000.

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Analyst reveals why Bitcoin will rise amid QE - Coin Rivet

Latest Bitcoin Cash price and analysis (BCH to USD) – Coin Rivet

Bitcoin Cash continues to trade in a consolidation pattern beneath the $238 level of resistance after recovering by 50% since March 13s low of $144.

The worlds fifth largest cryptocurrency has endured a turbulent start to the year amidst coronavirus concerns and economic uncertainty.

It rallied by more than 149% between the turn of the year and 14th February, reaching the dizzy heights of $493 before losing 71% of its value within one month.

Moving forwards Bitcoin Cash is faced with a number of key hurdles before it can regain a truly bullish posture, with the daily 200MA at $274 presenting itself as a notable target.

However, before a test of the moving average comes into fruition Bitcoin Cash first needs to breakout above $238, which was also a point of resistance in October 2019.

A rejection from this point would likely lead towards a prolonged period of downside price action, with targets beginning to emerge at $196 and $164, the latter of which is a staggering 96% lower than Bitcoin Cashs all time high.

Much of the upcoming price action will also depend on the direction of Bitcoin and cryptocurrency assets in general, with coronavirus expected to continue taking control of global capital markets.

Governments around the world are trying to protect economies by introducing quantitative easing measures, although the relief this will impose on the markets may be short-lived.

For more news, guides and cryptocurrency analysis, click here.

Current live BCH pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Pricing is also available in a range of different currency equivalents:

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Bitcoin Cash was born out of the idea of making Bitcoin more practical for small, day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid, which was proportionately too large for small transactions. A change to the code was implemented and Bitcoin Cash was born on 1st August 2017.

If you want to find out more information about Bitcoin Cash orcryptocurrenciesin general, then use the search box at the top of this page. Heres an article to get you started:

https://coinrivet.com/roger-ver-to-launch-crypto-exchange-on-bitcoin-com/

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

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Latest Bitcoin Cash price and analysis (BCH to USD) - Coin Rivet