Silver prices have rocketed to their highest since 2013 as retail investors, egged on by messages on Reddit, pile into the market in an attempt to push up prices, although most analysts and traders say the rall...y will run out of steam.
Spot silver vaulted as high as $30.03 an ounce on Monday from $25 on Thursday morning, while shares of silver miners surged and retailers of bars and coins around the world struggled to meet demand.

But analysts say it will be extremely difficult to subject silver to the kind of short squeeze engineered last week on companies like U.S. video game store chain GameStop, which sent its shares up by hundreds of percent, and there is no shortage of the precious metal, so the market is likely to calm.

WHAT HAPPENED?
The furore began on Thursday after posts on the r/wallstreetbets Reddit message board -- the same one used to spark frenzied buying of GameStop shares -- urged investors to buy physical silver.

An early post, which quickly spread across social media, encouraged buying of iShares Silver Trust, an exchange traded fund (ETF) whose shares represent ounces of silver sitting in vaults.

This would force the fund to create new shares and buy silver to back them, exposing a shortage of supply and pushing prices up, said the post under the headline “THE BIGGEST SHORT SQUEEZE IN THE WORLD $SLV Silver 25$ to 1000$.”

https://www.reuters.com/article/us-retail-trading-silver/analysis-reddit-is-coming-for-silver-a-short-squeeze-unlikely-idUSKBN2A12VG

https://www.bullionstarpartner.com/
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Found this post on Facebook Cryptocurrency group. Do you agree or disagree with this statement?

1. Bitcoin is the world’s first cryptocurrency, created in 2008. It has digitally-stored value, can be converted to Philippine Pesos, and can be used to purchase goods and services from merchants that accept BT...C.

2. Bitcoin is decentralized. It's not owned or controlled by a single government or organization. However, some central banks such as the Bangko Sentral ng Pilipinas (BSP) have issued virtual currency regulations and require a license for Bitcoin wallet providers and exchanges to legally operate.

Did you know? Coins.ph is the first company in the Philippines to have a Virtual Currency Exchange license from the BSP.

3. Bitcoin is powered by blockchain technology. A blockchain is a digital ledger that stores all bitcoin transactions ever made. It is designed to be secure and transparent. In fact, all bitcoin transactions are public and may be searched using blockchain explorers such as https://blockchain.com/.

4. Bitcoin is mined. Bitcoin mining is how new bitcoins are added to the bitcoin network. This is done by miners to verify the legitimacy of bitcoin transactions using supercomputers that solve complex equations.

5. Bitcoin is limited. Only 21 million bitcoins can ever be in existence. As of November 2020, there are 18.5 million bitcoins in circulation.

Experience the easiest way to buy bitcoin in the Philippines. Learn more: https://coins.ph/blog/how-to-buy-bitcoin/

Kindly note that buy & sell of cryptocurrencies and owning digital assets such as Bitcoin come with inherent risks as the price and value of such are highly volatile. The prices may change rapidly and potentially cause great lossesShow more >

tartup Fuzamei (China) launches a blockchain platform called "33 Charity" to help track charitable activities effectively.

Representative Fuzamei said the platform helps increase the transparency and e...fficiency of internal processes of businesses and charities. Units can register, store and manage information of each individual. With this platform, sponsors and recipients can make requests under their own names. Medical organizations apply for certification of authority through an identity verifier to obtain a CA digital signature that contains information including the name, contact details and expiration date of the certificate, which helps verify identity. calculation of each person. This certificate also associates cryptographic key pairs with the digital certificate.
The Fuzamei company deploys a blockchain-based platform focused on philanthropy to monitor and manage data. Photo: Cointelegraph.

Blockchain is a potential technology platform in ensuring more equitable aid and distribution, recognized by the United Nations, the Red Cross (ICRC) and the World Wildlife Fund (WWF). The effectiveness of blockchain in helping to raise funds for charity and support against corona virus is a typical example.

Along with the launch of the platform, Fuzamei also announced a contribution of 100,000 yuan ($ 14,280) to China to fight the outbreak of the epidemic, of which 60,000 yuan was invested in the private health.

In addition to Fuzamei, the crypto and blockchain business community in China also has support to help people fight back the epidemic of acute nCoV pneumonia soon. Specifically, crypto exchange Binance pledged to donate 10 million yuan ($ 1.44 million). Blockchain marketing service firm Krypital also donates to buy medical supplies for infected victims in Wuhan. Krypital claims to create a blockchain-based donation system that allows for all operations to be more transparent and efficient. Digital asset management firm Hyperchain also revealed the launch of a blockchain-based platform as a medical donation portal aimed at supporting hospitals in central China.Show more >

The stage is set for ether to pump. Why doesn't it pump? BTC had rallies, altcoins had little rallies, but ETH — it is just traveling in a channel between $1100 and $1250.

We have news of exchanges run...ning low on ether, more traders wanting it, the Ethereum foundation teasing a deflationary system for it, and predictions from every shill about ETH going to $50,000 in the next 2 seconds. So why doesn't ETH moon even when everything else does?

Well, the fact is that trends are just that — trends. They lead to certain outcomes, but they do not create those outcomes until those outcomes are created. Make sense?

In order for ETH to moon, the order books have to thin out and people have to stop selling to an extent that buyers find a shortage. That hasn't happened yet. There is a trend towards it, but it hasn't happened.

The reason you see instant moons in alts right after a shill or some news is that the order books are so thin compared to ETH. The new volume overwhelms the flow that is already there and shifts it dramatically. You're talking a few million maybe as opposed to ETH, which does billions in exchanges every 24 hours.

The bottom line is that ETH can absorb much more news than altcoins or even BTC at this point. Institutions are pouring into BTC, so its order books respond more quickly to news than ether, which is only now at the very opening stages of institutional buying. If you want to know how much a bit of news will move a price point, take a look at the asset's ability to absorb news without affecting the order book. You will have a much better idea of whether that asset will pump or dump or not.Show more >

What’s a good digital wallet so I don’t have to keep my stuff in Binance or Coinbase?
Thanks I’m advance.

MY all time favorite Crypto person: Anthony Pompliano, AKA Pomp with a new podacst

"No single person or organization gets to choose who gets amplified and who gets silenced. The power of choice was str...iped from the user and is now being monopolized by the platform creators."

Must listen: https://pomp.substack.com/p/decentralization-is-a-necessity-nowShow more >

Crypto User Loses Over $100K in Bitcoin While Transferring His Wallet

A bitcoin user has shared his story of how he lost more than $100,000 in BTC during a wallet transfer. The bitcoiner attempted to t...ransfer a wallet to a new… read more:
https://news.bitcoin.com/crypto-user-loses-over-100k-in-bitcoin-while-transferring-his-wallet/Show more >

No one was expecting this particular bull rally of the crypto space to be this bullish. People were happy that Bitcoin broke the $30,000 barrier, but now it just broke the $40,000 level!

This bullrun ...is fueled by institutions buying Bitcoin and the current pressure on XRP which makes investors move to Bitcoin.

What do you think the bitcoin's price will be in the next 5 years?
Tell us below!

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Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of payment cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using th...e system once it's ready they are allocating Qs for free to people that sign up now (the amount drops as more people join - so better to join early). Signing up is free and they only ask for your name and an email address. There's nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot. If you missed getting bitcoin seven years ago, you wouldn't want to miss this.

Here is my invite link: https://initiativeq.com/invite/B7KEZl9Xm

This link will stop working once I’m out of invites. Let me know after you registered, because I need to verify you on my end.Show more >

Bitcoins (BTC) stolen from major cryptocurrency exchange Bitfinex back in 2016 are on the move again, as hackers shift another massive batch of funds to unknown wallets.

According to data from crypto t...ransaction tracking service Whale Alert, Bitfinex hackers moved more than $4.6 million in stolen BTC on Oct. 8. These funds were sent to unknown wallets in two separate transactions of 435 BTC and 8 BTC.

But the hackers have moved far more than this amount earlier this week. According to Whale Alert, Bitfinex hackers completed seven more similar transactions on Oct. 7, totaling at 2,900 Bitcoin, or $26.4 million. As such, during this week hackers have transferred about 2.4% of the total 120,000 BTC stolen by hackers in 2016.

The Bitfinex hackers have been moving thousands of stolen BTC over the course of 2020. As previously reported by Cointelegraph, the hackers moved 3,503 Bitcoin worth about $39 million at the time of transaction in July 2020.

According to Cointelegraph’s calculations based on Whale Alert’s data, Bitfinex hackers moved a total of around 8,600 Bitcoin to unknown wallets in 2020. This amount is worth around $88.6 million at the time of the completed transaction. As previously reported, the amount of stolen BTC from Bitfinex was equivalent to $72 million at the time of the hack in August 2016.

Founded in 2012, Bitfinex is one of the world’s largest crypto firms, and is part of the top 10 largest crypto exchanges by daily trading volume, according to Coin360.

https://cointelegraph.com/news/bitfinex-hackers-move-another-30m-in-stolen-bitcoin-from-2016Show more >