Bitcoin Surges To Fresh 2020 High – Forbes

Bitcoin has climbed from close to $9,000 a week ago to nearly $11,000 today. (Photo by Chesnot/Getty ... [+] Images)

Bitcoin prices have experienced some notable gains lately, breaking through $10,000 yesterday and then continuing to rally.

As a result of this bullish movement, bitcoin reached $10,947.76 this afternoon, CoinDesk data shows.

At this point, the worlds most prominent digital currency was trading at its loftiest value since August, additional CoinDesk figures reveal.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

When asked to explain the cryptocurrencys latest upside, Tim Enneking,managing director ofDigital Capital Management, pointed to several factors.

The U.S. equities/BTC correlation has been absurdly high for several months and BTC literally could not break through 10k and continue to move up without that correlation falling well below +1. That has now happened, along with a monumental psychological barrier (10k) falling.

With the move in the alts causing BTC correlation to plunge to almost 60%, there is also a standard rotation from alts into BTC which is just getting started, he noted.

Add to that the dollar at record lows and gold at record highs, and BTC has a *lot* of healthy tailwinds right now.

While this may not be a perfect storm it isnt far off, said Enneking.

Once these variables combined to fuel the latest rally, a short squeeze on Sunday sent Bitcoin through the key $10,000 level, stated Denis Vinokourov, head of research for London-based digital asset firmBequant.

While Enneking and Vinokourov highlighted the aforementioned variables, analyst Marouane Garon spoke to the growing optimism he sees in the space.

Open interest in Bitcoin has been declining for quite some time, but the amount of traders going long has been increasing significantly, said Garon, managing director of crypto-to-crypto derivatives platformAmulet.

This usually is a signal for market makers to push the price down and trap those going long, he stated. In this case, the opposite has happened.

Mark Warner, head of trading for London-based financial services firm BCB Group, also weighed in on the latest market developments.

The price increase ends a long consolidation period, characterized by decreasing volatility, he stated.

Historically speaking, these low volatility periods have often ended with violent price action which often trap traders on the wrong side of the move, their liquidations adding to the momentum.

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

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Bitcoin Surges To Fresh 2020 High - Forbes

Mayors Demand Congress Block Trump From Deploying Federal Agents To Cities – NPR

Federal law enforcement agents confront protesters Sunday in Portland, Ore. Spencer Platt/Getty Images hide caption

Federal law enforcement agents confront protesters Sunday in Portland, Ore.

A group of six U.S. mayors on Monday penned a letter to Congress asking that it pass legislation to block the Trump administration from deploying federal law enforcement to cities without their officials' consent.

The mayors of Chicago, Seattle, Portland, Ore., Albuquerque, N.M., Washington, D.C., and Kansas City, Mo., signed on to the letter that criticized the administration for sending "unidentified federal agents to operate with impunity" in cities where demonstrations against police brutality and racism continue.

"Over the last several weeks, Americans have responded to the murders of George Floyd, Breonna Taylor, Ahmaud Arbery and others by protesting the structural racism embedded in our country. We are encouraged that so many of our residents are exercising their First Amendment rights to stand up against these injustices. At the same time, we are outraged that the administration has responded to these First Amendment-protected gatherings by authorizing the deployment of riot-gear clad forces to Washington, D.C., Portland, Seattle and other communities across the country without the consent of local authorities," the group wrote.

"This administration's egregious use of federal force on cities over the objections of local authorities should never happen."

President Trump in recent weeks has made extinguishing the anti-racism and police brutality protests a top priority as Americans' views on his ability to manage ongoing social and public health issues slip, according to recent opinion polls.

Citing an interest in protecting public property, which in some instances has been damaged, including instances of protesters tearing down Confederate monuments, Trump has vowed to continue deploying federal law enforcement agents to cities where he says progressive leadership has failed.

Critics said this move is an example of federal overreach and that the agents only worsen the likelihood of violent interactions between police and protesters.

In Portland particularly, officers in military gear have grabbed protesters off the street and thrown them into unmarked vehicles to take them away for questioning.

Last week, Portland Mayor Ted Wheeler, who signed the Monday letter, called the federal agents' presence an "unconstitutional occupation." Federal officers later tear gassed him and others in a crowd.

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Mayors Demand Congress Block Trump From Deploying Federal Agents To Cities - NPR

A 79-Year-Old Doing Hip Hop? ‘The Simpsons’ Is Where Free Speech Battles Age Bias Claims – Hollywood Reporter

Alf Clausen, who spent 27 years as the animated show's lead composer, says Fox is being deceitful about the motivations for his firing.

As the old saying goes, no business is like show business. For one thing, show business is speech business. But what acts by an entertainment producer are legitimately free speech? And what acts are plain ol' discrimination? That's not always clear. Just look at the ongoing case of Alf Clausen, the 79-year-old who was fired as Simpsons composer after 27 years of celebrated work on the animated classic. As his lawsuit heads towards an important hearing next week, Clausen looks to undercut Fox's positioning that this dispute relates to an important First Amendment issue.

Clausen is suing Disney and its Fox divisions with the claim that his termination was due to age and disability discrimination. The musician says he has been diagnosed with Parkinson's disease and he objects to how Simpsons producers dumped him in favor of Hans Zimmer's company.

In April, in an attempt to defeat the suit, Fox gave a different side of the story. According to the defendant's court papers, Clausen was fired after producers raised concerns about his work in connection with one particular hip-hop themed episode of the animated show. Simpsons producer James L. Brooks wondered if Clausen was the right person to prepare rap music while others allegedly were disturbed by the discovery that Clausen had been delegating some of the work of composing music for The Simpsons to others, including his son Scott Clausen. Overall, according to declarations by other top producers on the show, the feeling was that the music could be improved by replacing Clausen.

"Defendants have presented evidence that the decision not to use Clausen as composer in future episodes of The Simpsons had speech-related motivations," wrote an attorney for the Simpsons defendants.

"Lies and deceit," responds Clausen's just-filed opposition. (Read in full here.)

"Mr. Clausens evidence... demonstrates that, since at least 2008, Fox had known he regularly delegated the composition of music to members of his team," states the brief. "This fact is confirmed not only through Fox's own cue sheets, but emails between Matt Selman, Al Jean, Carol Farhat and even James Brooks, wherein discussions about Scott Clausen and others composing cues are undeniable."

The plaintiff's attorneys then add, "The notion that Mr. Clausen was unable to capture the showrunners vision is equally ludicrous... Mr. Clausen won two Emmys, five Annie Awards and became the most nominated composer in Emmy history, amassing a record 23 Emmy nominations for his work on The Simpsons. The mere fact that Al Jean and Matt Selman routinely skipped the recording sessions suggests how much faith and confidence they had in Mr. Clausen delivering their vision."

As for whether Clausen is capable of doing hip hop, the composer says Brooks is only unveiling telling "discriminatory ageist beliefs that Mr. Clausen was only good at old styles of music, rather [than] up-to-date genres, such as rap, electronic, etc.even though the evidence and his work history prove otherwise."

At an Aug 5 hearing in Los Angeles Superior court, the issue for the judge won't necessarily be whetherSimpsons producers were justified in replacing Clausen, who also says he's worked within budget parameters. Instead, the question may be: Was the firing about the music? Because if it's about the music, Fox stands a very good chance of prevailing on its anti-SLAPP motion. Clausen implies that his firing wasn't about the music.

California's SLAPP statute is intended to swiftly dispense with frivolous lawsuits interfering with someone's free speech. Under the first prong of SLAPP analysis, a judge examines whether a legal action arises from an act furthering a defendant's First Amendment activity in connection with a public issue. That analysis gets somewhat complicated with regards to entertainment and media companies. Courts don't want to overlook discrimination, but on the other hand, judges are mindful that these entities produce speech as a regular function. That sometimes means that a controversial decision by an entertainment or media defendant can be connected to a significant issue of speech. No wonder the topic has been the subject of very recent appellate opinions (like this one or that one).

So was Clausen's firing motivated by a desire to improve the music on The Simpsons as Fox contends or is that reasoning just pretextual? And how does a judge weight the evidence? Here, Clausen's attorneys Thomas Girardi and Ebby Bakhtiar attempt to convince the judge that Fox's prior knowledge about work delegation, among other things now in submission, add up to an inference that Fox is being deceitful with respect to the decision to terminate the show's longtime composer.

If Clausen doesn't prevail on this point, then L.A. Superior Court Judge Michael L. Stern will then turn towards an analysis of the merit of Clausen's claims. Under the second prong of the SLAPP statute, a plaintiff must establish a probability of prevailing before moving any further in the case. Clausen's lawyers translate this as meaning the suit need only show "minimal merit" (which they believe they have met), although Fox is likely to argue the screen is higher, particularly given the legitimate rationale they have offered forClausen's termination.

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A 79-Year-Old Doing Hip Hop? 'The Simpsons' Is Where Free Speech Battles Age Bias Claims - Hollywood Reporter

We dont need Trumps thugs in Chicago – Chicago Sun-Times

Hitler had his Brown shirts and Mussolini had his Black shirts, now Donald Trump has his camouflage shirts. Thus began a statement signed by 15 distinguished interdenominational religious leaders in Chicago that I joined, including ministers, priests, and rabbis.

Comparisons to Hitler are always explosive, but the comparison is apt. Hitlers bullyboys, the statement continues, operated on the fringes or outside of the law to violently intimidate Germanys leftists and finally to exterminate Jews. Trumps bully boys are operating on the fringes or outside the law to violently intimidate Americas progressives and people of color who are exercising their First Amendment right to protest racial injustice.

Portland, Oregon, provides the model. Trump dispatched untrained, unidentified, camouflage-wearing, military-uniformed, no name-tagged bullyboys who are literally kidnapping protesters, stuffing them in unidentified vans, taking them to unknown locations without charges and against the wishes of local law enforcement officers the mayor of Portland and the governor of Oregon.

Trump has announced that he will send similar teams to Chicago, New York, Detroit, Atlanta, Baltimore and other liberal Democrat-run cities, to use his phrase. The excuse is to defend federal property. The reality is that this is a cynical re-election ploy. As Portland shows, Trumps gambit will spark a large, hostile reaction which The excuse is to defend federal property. The reality is that this is a cynical re-election ploy.

Chicago Mayor Lori Lightfoot has warned Trump not to try this in Chicago. [N]o troops, no agents that are coming in outside of our knowledge, notification, and control that are violating peoples constitutional rights. Lightfoot told CNNs Jake Tapper on Sunday during an appearance on State of the Union. We cant just allow anyone to come into Chicago, play police in our streets, in our neighborhoods, when they dont know the first thing about our city. Thats a recipe for disaster. And thats what youre seeing playing out in Portland on a nightly basis.

We support her resistance and the opposition expressed by the Pentagon, members of Congress, former U.S. military officials, historians and constitutional scholars to Trumps effrontery.

We dont need the presidents thugs in Chicago, but we would like real federal assistance. While overall crime has decreased compared to last year, violent crime particularly murders and shootings has soared.

Chicago has no gun shop and no gun range. The guns come from outside of Chicago, generally across the border from Indiana. We need common sense regulations on guns to stop the pipeline into Chicago. Trump could help because it is Republicans and the gun lobby that stands in the way.

Real federal assistance wouldnt be dispatching bullyboys to terrorize citizens exercising their First Amendment rights. It would help with jobs and training for the young. It would help with rent and mortgage forgiveness during the pandemic lockdown when people cant work. If Trump and Senate Republicans dont act immediately, literally millions will be on the verge of eviction.

We need real investment in our schools, so the savage inequality with suburban schools can be reduced. We need health care to be a right, not a privilege, and at the very least for the federal government to cover all medical expenses related to COVID-19. In a pandemic, we all have a stake in ensuring that the sick can afford to get the treatment they need.

Our sons and daughters volunteer to serve in the military. When Vladimir Putin puts a bounty on the heads of our soldiers, we need Trump to defend them, not to ignore the attack.

Trump scorns real assistance to cities. He scorns meeting with our elected leaders before announcing that he plans to dispatch his thugs to our city. And he disgraces our democracy with this cynical and dangerous campaign ploy.

Black Lives Matter Chicago and other organizations are going to court to get an injunction to prohibit Trumps agents from interfering in or otherwise policing lawful and peaceful assemblies and protests in Chicago.

The religious leaders who issued the statement pledged that if Trump dispatched bullyboys to Chicago without the permission of the mayor, they would be met with a massive, disciplined, nonviolent ... march of resistance. We will not let the president trample our Constitution, suppress our rights, and terrorize our citizens with impunity.

Follow Rev. Jesse Jackson on Twitter @RevJJackson

Send letters to letters@suntimes.com

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Blockchain In BFSI Market Growth Analysis By Manufacturers, Regions, Types and Application Forecast – Kentucky Journal 24

Blockchain in BFSI is also called as FinTech blockchain. Wide dissemination of blockchain by financial organizations from the past years has witnessed rise in popularity of cryptocurrencies, and the initial coin offering (ICO).

As well as blockchain is panacea for all fintech companies digital concerns such as security. Blockchain as a technology was developed to serve as the public transaction ledger for cryptocurrencies, which uses distributed databases and cryptography to record transactions. This characteristic of blockchain provides a high level of safety while transmitting and storing data, open and transparent network infrastructure, decentralized ledger, and low cost of operations benefits. Moreover, blockchain in FinTech anticipates in changing the paper-intensive international trade finance process to a digital decentralized ledger.

Factors such as increase in need for transactions transparency and accountability, and greater adoption in cross-border payments drive the market growth. In addition, increase in investment by banks in blockchain-based solutions across the globe is also expected to boost the market growth. Moreover, increase in demand for distributed ledger technology and rise in cryptocurrencies market cap are also some of the factors that fuel the demand for blockchain solutions and services across global banks. However, scarcity of skilled workforce is expected to impede the market growth during the forecast period.

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Furthermore, growth in demand for increased scalability, transaction speed, and reduction in processing costs are expected to provide major growth opportunities for blockchain in BFSI market in the upcoming years. Also, rise in demand from developing economies for blockchain solutions is also anticipated to be opportunistic for the market growth.

The global blockchain in BFSI market is segmented based on component, application, organization size, industry vertical, and region. Based on component, the market is bifurcated into platform and services. Based on application, the market is divided into digital currency, record keeping, payments & settlement, smart contracts, compliance management, and others. Based on organization size, the market is classified into large enterprises and small & medium enterprises. Depending on industry vertical, the market is segmented into banking, insurance, and non-banking financial companies (NBFCs). Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the market. These include Alphapoint, Auxesis Group, Amazon Web Services, Inc. (AWS), Bitfury Group Limited., Hewlett Packard Enterprise Development LP (HPE), International Business Machines Corporation (IBM), Infosys Limited, Microsoft Corporation, Oracle Corporation, and SAP SE.

KEY BENEFITS The report provides an in-depth analysis of the global blockchain in BFSI market, outlining current trends, key driving factors, and potential areas for product investments. Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies. Porters five forces analysis illustrates the potency of buyers and suppliers operating in the industry. The quantitative analysis of the global blockchain in BFSI market from 2018 to 2026 is provided to determine the market potential.

KEY MARKET SEGMENTS

BY COMPONENT Platform Services

BY APPLICATION Digital Currency Record Keeping Payments & Settlement Smart Contracts Compliance Management Others

BY ORGANIZATION SIZE Large Enterprises Small & Medium Enterprises

BY END USER Banking Insurance NBFCs

BY Region North Americao U.S.o Canada

Europeo Germanyo Franceo UKo Rest of Europe

Asia-Pacifico Japano Chinao Indiao Rest of Asia-Pacific

LAMEAo Latin Americao Middle Easto Africa

KEY MARKET PLAYERS PRofILED IN THE REPORT Alphapoint Auxesis Group Amazon Web Services, Inc. (AWS) Bitfury Group Limited. Hewlett Packard Enterprise Development LP (HPE) International Business Machines Corporation (IBM) Infosys Limited Microsoft Corporation Oracle Corporation SAP SE

More Info of Impact Covid19 @ https://www.trendsmarketresearch.com/report/covid-19-analysis/13284

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Randomness theory could hold key to internet security – Newswise

Newswise ITHACA, N.Y. Is there an unbreakable code?

The question has been central to cryptography for thousands of years, and lies at the heart of efforts to secure private information on the internet. In a new paper, Cornell Tech researchers identified a problem that holds the key to whether all encryption can be broken as well as a surprising connection to a mathematical concept that aims to define and measure randomness.

Our result not only shows that cryptography has a natural mother problem, it also shows a deep connection between two quite separate areas of mathematics and computer science cryptography and algorithmic information theory, saidRafael Pass, professor of computer science at Cornell Tech.

Pass is co-author ofOn One-Way Functions and Kolmogorov Complexity,which will be presented at the IEEE Symposium on Foundations of Computer Science, to be held Nov. 16-19 in Durham, North Carolina.

The result, he said, is that a natural computational problem introduced in the 1960s in the Soviet Union characterizes the feasibility of basic cryptography private-key encryption, digital signatures and authentication, for example.

For millennia, cryptography was considered a cycle: Someone invented a code, the code was effective until someone eventually broke it, and the code became ineffective. In the 1970s, researchers seeking a better theory of cryptography introduced the concept of the one-way function an easy task or problem in one direction that is impossible in the other.

For example, its easy to light a match, but impossible to return a burning match to its unlit state without rearranging its atoms an immensely difficult task.

The idea was, if we have such a one-way function, maybe thats a very good starting point for understanding cryptography, Pass said. Encrypting the message is very easy. And if you have the key, you can also decrypt it. But someone who doesnt know the key should have to do the same thing as restoring a lit match.

But researchers have not been able to prove the existence of a one-way function. The most well-known candidate which is also the basis of the most commonly used encryption schemes on the internet relies on integer factorization. Its easy to multiply two random prime numbers for instance, 23 and 47 but significantly harder to find those two factors if only given their product, 1,081.

It is believed that no efficient factoring algorithm exists for large numbers, Pass said, though researchers may not have found the right algorithms yet.

The central question were addressing is: Does it exist? Is there some natural problem that characterizes the existence of one-way functions? he said. If it does, thats the mother of all problems, and if you have a way to solve that problem, you can break all purported one-way functions. And if you dont know how to solve that problem, you can actually get secure cryptography.

Meanwhile, mathematicians in the 1960s identified whats known as Kolmogorov Complexity, which refers to quantifying the amount of randomness or pattern of a string of numbers. The Kolmogorov Complexity of a string of numbers is defined as the length of the shortest computer program that can generate the string; for some strings, such as 121212121212121212121212121212, there is a short program that generates it alternate 1s and 2s. But for more complicated and apparently random strings of numbers, such as 37539017332840393452954329, there may not exist a program that is shorter than the length of the string itself.

The problem has long interested mathematicians and computer scientists, includingJuris Hartmanis, professor emeritus of computer science and engineering. Because the computer program attempting to generate the number could take millions or even billions of years, researchers in the Soviet Union in the 1960s, as well as Hartmanis and others in the 1980s, developed the time-bounded Kolmogorov Complexity the length of the shortest program that can output a string of numbers in a certain amount of time.

In the paper, Pass and doctoral student Yanyi Liu showed that if computing time-bounded Kolmogorov Complexity is hard, then one-way functions exist.

Although their finding is theoretical, it has potential implications across cryptography, including internet security.

If you can come up with an algorithm to solve the time-bounded Kolmogorov complexity problem, then you can break all crypto, all encryption schemes, all digital signatures, Pass said. However, if no efficient algorithm exists to solve this problem, you can get a one-way function, and therefore you can get secure encryption and digital signatures and so forth.

The research was funded in part by the National Science Foundation and the Air Force Office of Scientific Research, and was based on research funded by the Intelligence Advanced Research Projects Activity in the Office of the Director of National Intelligence.

For additional information, see this Cornell Chronicle story.

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Randomness theory could hold key to internet security - Newswise

$11,000 Bitcoin Just Happened: Whats Fueling the Massive Pump? – CCN.com

Bitcoins price blew past $11,000 Monday for the first time since 2019, signaling the end of a multi-year downtrend and pointing to further gains over the horizon.

The bitcoin price peaked at $11,417.11 Monday evening, up more than $1,500 on the day. At the time of writing, the digital asset was sitting on a gain of 13% at $11,233, according to TradingView.

From a technical standpoint, bitcoins price far exceeds the 50-period and 200-period moving averages. The relative strength index on the hourly chart points to overbought conditions.

A similar observation is made on the daily chart:

At its current price point, bitcoin has a total market cap of nearly $205.2 billion. That accounts for 63.1% of the overall crypto market, which is presently worth almost $327 billion.

The rally caught the attention of mainstream media and casual traders who have grown accustomed to seeing bitcoin rejected in and around the $10,500 mark. After months of lateral moves, the largest cryptocurrency by market capitalization is finally breaking out.

Bitcoin is surging at a time when goldthe worlds most trusted haven asset is trading at all-time highs against the U.S. dollar.

In both cases, investors appear to be hedging their bets against a shaky economic recoveryone that could dismantle the stock-market rally over the medium term.

While bitcoin still has a long way to go to prove its an established store of value like bullion, the digital currency continues to defy the odds with jaw-dropping returns.

Despite being written off in mainstream circles due to its volatility and regulatory scrutiny, bitcoin is up nearly 60% year-to-date. It remains the best-performing asset of the past decade.

If bitcoins proponents are correct, the digital currency is about to enter another bullish cycleone that could end with 10x returns by the end of 2021. For that to happen, adoption will have to keep growing in the face of record central-bank stimulus, ballooning budget deficits, and worsening economic conditions.

Although central banks like to pretend inflation doesnt exist, investors flocking bitcoin and gold are preparing for an alternate scenario where the value of their local currency depreciates rapidly.

The inflation story has a lot of merits, according to Gavin Smith, the chief executive of crypto consortium Panxora.

In an email interview with Billy Bambrough of Forbes, Smith said:

Our view is that we still believe the markets are pulled on the one hand by the inflation hedge story driving bitcoin higher

But thats only one part of the story. Smith added:

while at the same time the global economy is suffering a massive demand shock with the potential to drive bitcoin lower.

He believes bitcoin will end the year sharply lower before resuming its uptrend next year. Smiths view still lines up with the four-year-cycle theorists (video above) who believe we will see a new, parabolic high by the end of 2021.

Disclaimer: This article represents the authors opinion and should not be considered investment or trading advice from CCN.com. The author owns bitcoin and other cryptocurrencies.

Last modified: July 27, 2020 11:27 PM UTC

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$11,000 Bitcoin Just Happened: Whats Fueling the Massive Pump? - CCN.com

Someone made Doom playable in Minecraft because of course they did – The Next Web

In its eternal quest to getDoomonto as manythings as can conceivably carry it, the gaming community has surprised me yet again by moddingDoomintoMinecraft

Its possible thanks to a mod that allows the open source software VirtualBox to run within Minecraft. Once youve got the mod installed, you can build a functioning computer that runs Windows 95 within your blocky paradise. I do mean build, by the way: you have to put the computer together yourself. Photos of the mod show it running other things typical of primitive Windows, including MS Paint and Notepad. And naturally it was only a matter of time before someone thought ofDoom.

Read:The 5 most promising games shown at the Xbox Series X event

This particular achievement comes to us courtesy of Reddit user uDrunkMate, who posted a video of the mod in action. It appears completely functional, with Doomguys square face readable even squashed onto the little screen within a screen. Speaking as someone who gets bored easily withinMinecraft, it would certainly make my experience more enjoyable give me demons to shoot any day and Ill be happy.

Im not surprised at the speed with which Doomwas put into the game.If you know anything about the gaming community, you know that anything involving a processor and something vaguely resembling a screenmustbe made to playDoom. Im pretty sure thats rule one in most computer science classes these days (current students, feel free to back me up). Weve done it for just about every kind of device short of the actual Baghdad Battery, and Im sure thats only a matter of time. But this one I find particularly impressive because of the layers involved.

It does beg the question: how deep can we go here? Could we, conceivably, haveMinecraftwithin Minecraft? And maybe Doomrunning on Minecraft withinMinecraft? If I know my PC gamers, someone can make it happen, if they have not done so already. Insert the Xzibit meme of your own design here.

via The Verge

Read next: Here's what would happen if a wormhole fought a black hole

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Remains of 286 Jewish Holocaust victims uncovered in 2 basements in Ukraine – Forward

Image by Google Maps

Sataniv, Ukraine.

(JTA) The remains of 286 Jews who were murdered during the Holocaust were found in two basements in a town in southwest Ukraine.

The remains, mostly women and children, will be buried in a mass grave in the ancient Jewish cemetery in Sataniv, Ynet reported.

The town had an organized Jewish community for about 500 years before the Nazis captured it in 1941 and began systematically killing its Jews, according to the Yad Vashem website.

On May 15, 1942, Nazi troops and Ukrainian military police locked the 286 Jews in the cellars and suffocated them.

After World War II, the bodies were left in place in the cellars with a sign indicating that they were Nazi victims. The ruined house above them eventually covered the cellars with a heap of rubble and an outdoor market operated over the area for many years, according Ynet.

Rabbi Alexander Feingold, of the Khmelnytsky and Ternopil districts in Ukraine, told Ynet that his community waged a six-year legal battle with the property owner to search the cellars. Though the community lost in the courts, it eventually reached an agreement with the landowner, according to the report. Some of the bodies were discovered in 2019, and the rest were found about two weeks ago.

Feingold said a park will be established in memory of the victims near the site of the massacre.

The post Remains of 286 Jewish Holocaust victims uncovered in 2 basements in Ukraine appeared first on Jewish Telegraphic Agency.

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Remains of 286 Jewish Holocaust victims uncovered in 2 basements in Ukraine - Forward

Bitcoin Price Almost Hits $11,000 For First Time Since 2019: What Traders Are Saying – Forbes

HANGZHOU, CHINA - JULY 24: A mobile phone screen showing the Shanghai Composite Index is pictured on ... [+] July 24, 2020 in Hangzhou, Zhejiang Province of China. (Photo by Long Wei/VCG via Getty Images)

The price of Bitcoin (BTC) reached $10,956 on BitMEX, officially surpassing $10,900 for the first time since 2019. It has broken out of a multi-year trendline, dating back to 2017.

Traders and technical analysts are generally optimistic toward the breakout of Bitcoin. The rapid upsurge from $9,933 to $10,956 on a single day officially eliminated the chance of a triple top forming.

The price of Bitcoin surges past $10,900 on BitMEX.

The term triple top refers to three consecutive peaks at a similar level. Until its recent breakout above $10,500, BTC was at risk of seeing the dreaded technical pattern.

Overall Optimism In The Cryptocurrency Market

The price of Bitcoin was stuck in a two-month range since May, struggling to see much volatility. It remained relatively stagnant in the $9,000 to $9,500 range, consolidating under the $10,500 resistance level.

But when an asset consolidates under an important resistance level for a prolonged period, it raises the likelihood of a breakout.

Following Bitcoins abrupt increase to $10,900, traders, investors, and technical analysts responded positively.

Barry Silbert, the CEO of Grayscale and major crypto VC firm DCG, said the next resistance for Bitcoin is at $13,000.

Rafael Schultze-Kraft, the chief technical officer at Glassnode, shared a chart which shows low resistance or selling pressure above $10,900. That could indicate that the recent upsurge was a critical breakout to sustain the momentum of Bitcoin.

What Is To Come In The Future?

Investors appear to be expecting two things following the strong Bitcoin rally. First, some investors anticipate alternative cryptocurrencies to underperform. Second, market research firms foresee a room for a bigger rally, based on strong fundamentals.

Ari Paul, the CIO at BlockTower Capital, explained prior to the rally:

A big part of altcoins rallying for the last few months has been BTC in a tight range. IMO, most alts likely to underperform BTC if it breaks out in either direction.

As the momentum around Bitcoin continues to build, Glassnode researchers emphasized that on-chain fundamentals of Bitcoin are only strengthening. They said:

With BTC breaking $10k and on-chain fundamentals growing stronger, Bitcoin hit one of its highest GNI scores this year - pushing deeper into the bullish regime.

But in the near-term, cryptocurrency trader Scott Melker explained that Bitcoin has to close above the $10,500 level at a higher time frame. A close of the daily candle above it would confirm a proper rally. He wrote:

Bitcoin just made a macro higher high for the first time in a year. I like to wait until a candle closes for confirmation, because a close below that red line would be an epic bearish SFP. Today is the moment of truth.

While some traders are seemingly taking caution at a big resistance area, other investors and on-chain market researchers foresee a stronger rally ahead.

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Bitcoin Price Almost Hits $11,000 For First Time Since 2019: What Traders Are Saying - Forbes