Circle Becomes ‘Bitcoin Unicorn’ With Bitmain-Backed Mega-Round

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Bitmain Is Getting Positioned

Bitmain is positioning themselves to be a major influence in the crypto world by partnering up with Circle.

A couple of post ago I shared a post about chip makers having trouble keeping up with demands for GPU chips (the processor for your graphics card on a desktop that is installed via the PCI slot). You can read my post here: AMD,NVIDIA Have Some New Competition From Chip Makers

Bitmain has already developed their own GPU for us crypto miners, Theirs is tailored to mining Ethereum.

Now they have backed Circle in a bid to make crypto currencies more acceptable by governments. They are talking of launching a coin that would be the answer to the tax woes governments have regulating crypto .

This move most definitely makes Bitmain a bigger player in the crypto currencies movement. They are currently in a position to give AMD and NVIDIA much need competition, in my opinion.  Now they have Backed Circle in a move that Gives them a start up capital of $3 billion to play with!!

This is a very interesting post from Coindesk.com. Enjoy and learn more about this exciting industry.

Circle Becomes ‘Bitcoin Unicorn’ With Bitmain -Backed Mega-Round

Bitmain is investing big in blockchain firm Circle as part of an ambitious bid to clean up one of the more gray aspects of the crypto economy.

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As always until next post have a great and prosperous adventure. Don’t Forget To sign-up for my news updates…Over in the side bar and get your free E-book.

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Worries Grow That the Price of Bitcoin Is Being Propped Up

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Are We Being Lied To About The Price Of Bitcoin?

After reading this post about Bitfinex possibly affecting the price of bitcoin I decided to see what the current news was.

Researching recent news news about the price of Tether (USDT), after reading this article from January of this year, it would be hard to believe that in some way we are not.

ambcrypto.com published a recent post discussing the most stable crypto currencies at the moment. Tether is at the top of the list. Of course this list contains crypto currencies that are backed 1:1 with the USD.

In this NYT post at the bottom of this page, Bitfinex is a company that is also the creators of the Tether. They reportedly are in trouble with the US Government, So I ask you how can their crypto be so stable?

The Reason Why The Price Of Bitcoin Maybe A Little Bit Of A White Lie

Tether is a very popular crypto amongst investors. They buy Tether so that they are able to buy bitcoin and other crypto currencies.

I think that when bitcoin and the other currencies start falling in value, investors simply stock up on tether. When the real crypto currencies start to settle down then the investors go all in with their tether and invest in…well Bitcoin. Because bitcoin is not backed buy any “real money or assets”,currencies like tether could, in my mind, affect the price.

How? If the investors are buying tether to invest in other crypto currencies, but they quit buying or go all in….then they are affecting demand for said crypto currencies. Or a lack of demand.

In my mind such currencies being so easy to buy and use can certainly affect the price of bitcoin.

What do you think? Enjoy this post below if you have not read it before.

Worries Grow That the Price of Bitcoin Is Being Propped Up

When the price of Bitcoin goes down, activity on an influential exchange pumps it back up. That has investors and regulators asking questions.

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As always until next post have a great and prosperous adventure. Don’t Forget To sign-up for my news updates…Over in the side bar and get your free E-book.

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