Burundi Inflation Rate MoM

The Consumer Price Index in Burundi decreased 1.80 percent in September of 2018 over the previous month. Inflation Rate Mom in Burundi averaged 0.46 percent from 2012 until 2018, reaching an all time high of 6.80 percent in February of 2017 and a record low of -2.30 percent in August of 2015. This page provides - Burundi Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

As Tether’s Peg Slips, Bitcoin Price Is Distorted Across Market

<br /><br /> <br /><br /> Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.In the early hours of October 15, 2018, Tether’s USDT was trading at $0.92, the lowest asking price the coin has seen in 18 months. At the time of writing, the stablecoin still hasn’t made up enough ground to retain its $1 peg. On most markets, it’s currently trading around $0.96, though this figure is tied to bitcoin trading pairs. Against the USD on Kraken and Bittrex, it is trading at $0.92 and $0.90, respectively. A combination of exchange activity, related FUD and scuttlebutt could be the catalysts behind the sell-off. Bitfinex suspended fiat deposits on October 15, 2018, “for certain customer accounts in the face of processing complications,” a blog post reveals. In addition, Binance temporarily suspended USDT withdrawals for “wallet maintenance” due to “network congestion,” a measure taken after the exchange extinguished rumors that said it would soon delist tether.The discount has bitcoin trading at something of a premium against tether on exchanges with USDT/BTC trading pairs. On Binance, Huobi and Bittrex, for example, 1 BTC is trading for nearly 6,700 USDT.Contrast this with bitcoin’s price in USD/BTC markets and it becomes clear that tether’s sell-off is distorting prices across exchanges. On Coinbase Pro, Kraken and Gemini, bitcoin is trading at roughly $6,400 against USD pairs, an indication that bitcoin’s proper asking price is much lower than its oft-cited USDT pair would advertise. This has led to an inflated price averaged on CoinMarketCap of $6,650. It’s important to note that the “premium” bitcoin is going for on tether-listed exchanges is less of a premium and more of a price distortion, given that tether is trading below its peg. The price of bitcoin for these pairs has spiked as a result of the sell-off, but if you sold USDT for BTC and then attempted to resell this BTC for USD, the arbitrage opportunity would be nullified by the price differential between BTC/USDT and BTC/USD pairs.Notably, Bitfinex’s USD/BTC pair is out of line with other exchanges that offer fiat pairs for bitcoin. On Bitfinex, 1 BTC is trading at $6,900, a figure the even superseded its price against USDT on other popular exchanges. An inauspicious discrepancy in its own right, Bitfinex’s data may rouse additional skepticism when we take a look at its USDT/USD pair. At the time of writing, 1 USDT is trading at exactly $1.00 against its pegged asset in actual U.S. dollars, while, as we noted earlier, the same trading pair on Kraken and Bittrex is going for $0.92 and $0.90, respectively. Seeing as Tether and Bitfinex are under like management, the stark departure in price for USDT/USD markets between Bitfinex and other top exchanges could be cause for further concern.This jumble of numbers and price differentials leaves more questions asked than answers, aggravating the uncertainty that likely led to the sell-off in the first. The price gap between bitcoin’s USD and USDT pairs puts tether’s risk premium at just under $500 (7.62 percent), according to Untether.space. As the discrepancy in prices across exchanges illustrates, this risk premium denotes the difference between how much bitcoin is trading for in BTC/USDT versus BTC/USD pairs. Ultimately, the figure could indicate that market confidence in Tether is waning, as looming uncertainty over whether Tether has enough funds in the bank, amidst other banking troubles, has shaken investor trust in the market’s number one stablecoin, which accounts for 98 percent of all stablecoin trading volume.Tether’s troubles comes after a slew of new stablecoins have proliferated in the market. Its two largest competitors, MakerDAO’s DAI and TrustToken’s TUSD, launched earlier this year, while regulation grade coins like Gemini’s GUSD, Paxos’ PAX and Circle’s USDC launched last month as well. In addition to these, the industry’s first algorithmic stablecoin, Kowala’s kUSD, is now in its mainnet’s alpha version, though the coin has yet to begin trading on the open market.<br /><br /> <br /><br /> This article originally appeared on Bitcoin Magazine.

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Altcoin Achieves Market Cap of $372933.00 (CRYPTO:ALT) – Baseball Daily News

Baseball Daily NewsAltcoin Achieves Market Cap of $372933.00 (CRYPTO:ALT)Baseball Daily NewsAltcoin (CURRENCY:ALT) traded down 14.3% against the U.S. dollar during the twenty-four hour period ending at 21:00 PM E.T. on October 8th. During the last week, Altcoin has traded 47.6% lower against the U.S. dollar. Altcoin has a total market cap of&nbsp;...Altcoin Price Changed by 1.92 percentICO Brothersall 2 news articles&nbsp;&raquo;

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Talking Crypto-Investing With CoinFund’s Founder and “Chief Alchemist”

<br /><br /> <br /><br /> On the latest episode of Epicenter Bitcoin, our hosts interviewed Jake Brukhman, the founder and managing director of Coinfund, as well as his chief alchemist Aleksandr Bulkin. The pair came to discuss some of the philosophy that goes into running a crypto fund, as well as some of the difficult business decisions they have to make on the priorities of investments, before talking about some of the promising technologies they are involved with.As a rare treat, this episode also begins by introducing a new host to the regular lineup of the podcast. Dr. Friederike Ernst adds a precise and informative voice to the line of questioning in this interview with Coinfund, and her presence is sure to be a welcome feature on future episodes. Meher Roy, a regular host of the show, joined her in leading a thorough discussion of the issues at hand. When asked what makes a crypto fund a crypto fund, Brukhman responded that there is essentially an entirely new asset class at play: crypto assets. He added that “each new asset class has unique properties that influence the people investing in it.” To fully take advantage of these features, a fund must be structured with these assets in mind from the beginning. Sometimes, he claimed, a crypto fund heavily resembles a venture capitalist fund, while at other times it will deal with enough high-liquidity assets to more closely resemble a hedge fund. Bulkin added that flexibility is absolutely paramount in this environment, adjusting business strategies not only to the whims of the market but also to new technologies, which is why his job title is “Chief Alchemist” rather than a more traditional title related to software development or managing. After all, he claimed, it’s always hard to predict where the space is going. The remainder of the episode goes further into detail about the daily operations of the company, although Brukhman does at one point refuse to go into too much detail about their specific assets for security reasons. The whole discussion serves as an informative introduction to the crypto fund space.<br /><br /> <br /><br /> This article originally appeared on Bitcoin Magazine.

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Crypto Trade Volume Doubles Overnight, Have The Bears Run Out Of Steam?

After a seemingly endless cycle of non-action, the crypto market finally saw a spark of life on Monday, as fears of a Tether ‘bank run’ hit newfound highs, while confusion strong-handed investors into making moves. In the span of just a few hours, exchanges recorded billions of dollars volume, quickly pushing this market off its year-to-date lows from a volume standpoint.

Crypto Trading Volumes Surge To 1 Month High

As reported by NewsBTC previously, crypto investors were in for a treat in the wee hours of Monday morning, as digital assets saw an unexpected influx (and a large one at that) of buying pressure, pushing Bitcoin above $7,000 for the first time in months. Following some quick internet sleuthing, many traders determined that Bitcoin’s strong surge to the upside could be boiled down to a single factor.

This factor, of course, as widely reported, was the fears of Bitfinex’s insolvency spreading like wildfire through this market, resulting in a capital flight of cryptocurrencies from Bitfinex to other leading crypto exchanges.

At one point, the now-infamous ‘Bitfinex premium’ somehow surpassed $1,000, as Bitcoin surged above $7,600 due to thin order books on the aforementioned exchange. On the other hand, on well-regulated platforms like Gemini and Coinbase, which offer insurance for their client’s crypto holdings, Bitcoin only traded at a relatively measly $6,600, which was the “true” price of the digital asset.

Volumes on Bitfinex quickly surged, as users rushed to liquidate their U.S. credit for crypto assets to subsequently withdraw their holdings to a wallet of someone or some organization they could trust.

Due to the well-read belief that Tether goes hand-in-hand with Bitfinex, traders also rushed to sell their USDT holdings, as many claimed that the Tether Foundation didn’t have the reserves to back all issued stablecoins. At one point, Tether tokens fell under $0.91 on Kraken, alluding to the fact that a copious amount of USDT had just been dumped by a multitude of wary traders.

The rise of Bitfinex’s insolvency rumors, coupled with growing fears about the legitimacy of Tether, happened to manufacture a perfect storm, so to speak, resulting in a period of market uncertainty, confusion, and even panic in some fringe cases.

And although the collective value of all crypto assets saw a $20 billion bump, many investors claimed that this obviously wasn’t the breakout that bulls have been clamoring for.

Still, what went under the radar of many investors is that volumes saw an unprecedented surge in correlation with thousands of traders choosing to sell their USDT and withdraw their funds from Bitfinex, which was a sign some analysts have been waiting for. Preceding this move, which saw nearly every single crypto asset move well into the green, NewsBTC’s very own Joseph Young, claimed that while nearly every important indicator is calling for growth, volume was still mysteriously absent.

But now, with Bitcoin volumes doubling from $3 billion to a monthly high at $7 billion, per data compiled by CoinMarketCap, Joseph added that the prospects of this market are starting to look “great,” likely indicating that he saw this surge of volume as something to keep watching.

It wasn’t only Bitcoin that saw its volume return, as cryptocurrencies across the board all saw their time in the sunlight in the past 24 hours. To attest to this fact, per data compiled by CoinMarketCap, the total volume seen by crypto rose from $9 billion on Sunday to $22 billion, where this figure has held for the past few hours.

Chart Courtesy of CoinMarketCap

Assuming that volume has returned and that it’s here to stay, technicians will continue to eye Bitcoin’s $6,800 price level, which has long been a level of heavy resistance for the leading crypto asset. Fundstrat’s Robert Sluymer, for one, recently claimed that while now isn’t the time to increase your exposure to Bitcoin, a convincing move above “September’s real and relative highs,” which are both situated around the $6,800 level, may indicate that this market is finally undergoing a trend reversal.

Keeping in mind that the arrival of substantial amounts of trading volume is often the gun that sets off the race, so to speak, many are starting to believe that a bull run could be in this market’s grasp.

Featured Image from Shutterstock

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Company News – Changes in trading hours for #HSI on October 17

Changes in trading hours for HSIDear traders,

Please be informed that on October 17th Double Ninth Festival is celebrated in Hong Kong.

For this reason, on October 17th, 2018 CFD trading for Hang Seng index (#HSI) will be closed.

Please consider this information, when planning trading on financial markets.

Starting from October 18th, 2018 trading returns to regular hours.

 

The Value of Uncensorable Technology in an Age of Censorship

Governments and corporations have deployed censorship to limit speech and deprive people of vital communication channels. The ruling elite are trying to shush activists and freethinkers, but they are losing control and lashing out in frustration. This is why the emergence of decentralized tools and uncensorable money is more vital than ever.

Also read: Bitcoin After Death: The Perils of Sharing One’s Fortune

Corporate Censorship and the Loss of Control

Facebook recently engaged in a massive campaign to purge a plethora of freedom-oriented pages from their platform. They removed pages such as The Anti-Media, Free Thought Project, V is for Voluntary, and Rachel Blevins. The move came after Facebook, Twitter, and Youtube joined forces to eject Alex Jones from their respective applications back in August.

The social media titans have become zealous in their mission to purge their platforms of anti-government messages and to stifle liberty. Twitter is now known as a company that embraces censorship, and Youtube has routinely demonetized pages that disseminate information that goes against their milquetoast company ethos.

It is unsurprising, though, that these social media giants have taken this route. They are centralized social media companies in an age of decentralization; they are outdated and ready to be displaced by scrappy upstarts.

People are also waking up to the depredations of government and corporate cronyism. They are beginning to acknowledge the broken nature of partisan politics. This mass enlightenment has led to an explosion of tools and technologies with the goal of subverting the system.

Emergent Uncensorable Technologies

Developers and entrepreneurs are fashioning tools with the purpose of freeing people and opening new information channels. They are also allowing value to be expressed in peer-to-peer ways that cannot be intercepted by State agents. There are several major technologies blossoming, but the most significant is uncensorable cryptocurrency.

Cryptocurrency, especially bitcoin cash, allows for the transmission of value in an uncensorable fashion. This means anarchists can fund their projects without having to worry about their money getting frozen, seized, or stolen. Having uncensorable money like BCH is indispensable for helping activists achieve their goals. If they had to rely on the traditional methods of receiving donations and funding their projects, the Visa and Mastercard networks could shutter their pipeline at anytime at the behest of the government. There are other options for uncensorable money as well, including nonero, horizen, and others. These monetary technologies aren’t social media platforms per se, but money is a form of communication and having uncensorable money is indispensable to thwarting censorship.

Along with bitcoin cash, uncensorable social media and messaging platforms have arisen. In Jamie Redman’s article Facebook and Twitter Beware — Censorship-Resistant Social Media Is Here, he mentions several applications that have actually been built on Bitcoin Cash, including Memo.cash, which is a decentralized version of Twitter. Platforms like Steemit have also emerged over the last couple of years. Steemit is a blogging platform that allows people to post content without having to worry about a centralized authority deleting their content. Users can earn cryptocurrency rewards for their posts, rather than having all the value they create siphoned by the platform and its founders. Other nascent decentralized media tools include Minds and Bittube.

The Decentralized Revolution is Currently a Bad User Experience

The problem with many of these decentralized social media technologies is they are still in their infancy. They are fresh out of the womb. This means they lack easy adoption. Their usability is limited and requires a degree of technological acumen. Their user interfaces are underdeveloped and sometimes suffer from technical problems. This makes the user experience suffer, causing people to leave the platforms.

The other problem is that the platforms have not experienced viral adoption as a result of the aforesaid issues. Established platforms such as Facebook and Youtube have an entrenched user base, many of whom have taken years to establish themselves. This means a system that is both user-friendly and prone to rapid growth will have to emerge in order to supplant these old applications.

The Technological Spring: The System Will Topple and Censorship Will be Mitigated

Nonetheless, these problems are mere technical issues that will be solved in time. These technologies will eventually prosper. The decline of the legacy systems is well underway; it is inevitable.

The maniacal drive to control people and contain their voice has led to the technological springtime we are now on the verge of witnessing.

New tools and technologies have cropped up not only to make human life more leisurely and simpler — they have emerged as a way to decentralize power. Iconoclasts and developers are building applications for philosophical purposes, to mitigate the effect of power on the rest of humanity. Their goal is to diminish the impact of violent hierarchies and to even the playing field.

In the long term, this will cause power structures to topple under the weight of truth. Decentralized technologies will erode the ability of centralized institutions to censor freethinkers who pontificate on liberty and anarchy. Without censorship to indoctrinate the masses, the system will begin to unravel and the power elite will no longer be able to run roughshod over the people. Humanity will then be able to move forward into the future with dignity and decency.

This is the value of uncensorable technology.

Do you think uncensorable social media platforms will gain traction? Let us know in the comments section below.


Images courtesy of Shutterstock.


OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.

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