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November 4, 2020 | Issue #142

 MUST READS 

Elections 2020


This year's election has been quite the ride so far. And although the victor is yet to be determined, perhaps you can take it to crypto to find the answer...

Crypto prediction markets:
Here's How It Works:
Prediction markets use Ethereum-based tokens to let people bet on the outcome of major events, like elections. The tokens are on sale for between $0 and $1, and when the election is decided, the tokens on the winning side are valued at $1, while those on the losing side are valued at $0. So, if you make the right guess, then you end up in profit. If you make the wrong guess, then you take home nothing.

Additional Resources:
  • Vitalik Buterin says prediction markets were better indicators of the election than traditional polls this year.
     
  • How will BTC react if either Trump or Biden wins?
     
  • Cut out the politics altogether and look at monetary figures that actually matter.

A Backdoor Way To Profit From Today’s Crypto Bull Market


Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
 

 SPONSORED 

Crypto's Hidden Catalyst


We’re always on the lookout for actionable financial research to share with you. This opportunity comes from someone we’ve been closely following since the crypto market initially erupted.

He’s back just in time to reveal his top coins (and strategy) for the remainder of this bull market.

We wanted to make sure you didn’t miss it...

 DEEP DIVE 

Q3 2020 DeFi Report


Brooklyn-based ConsenSys, a blockchain software technology company founded by billionaire Joseph Lubin, published its Q3 2020 report regarding DeFi, suggesting that this summer's yield farming boom could have disastrous consequences for Ethereum 2.0.
 

Bitcoin & Lockdowns


For some, Bitcoin has been and in many ways still is, a luxury. For others, it’s been a necessity from the beginning, whether as a mechanism to store their wealth, or as a way to send & receive payments without being censored.

For the rest of us, it’s somewhere in between a luxury & a necessity.

Aleksandar Svetski argues that as we progress forward in time, Bitcoin will become a necessity for all of us, across all of it’s dimensions and if the lockdowns have done anything, they’ve accelerated Bitcoin’s transformation from something some might “want” to something everyone will fundamentally “need."
 

Nearly $1B in Bitcoin Moves From Wallet Linked to Silk Road


Yesterday, a Bitcoin address containing 69,369 BTC (worth close to $1 billion and the fourth largest address in existence) transferred its funds to an unknown wallet. This is the first time since 2015 coins from this address have moved.

This address is notable largely due to an encrypted file that has been apparently circulating on hacker forums for the past year, which purportedly contains the cryptographic keys required to seize the BTC in this specific address. If genuine, cracking the password on this file would allow these Bitcoin's to be moved.

Who owns the address? Where did the coins come from? Where are they now? Get all the info here.
 

 REGULATORY FRONT 

Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators


According to document acquired by Forbes, Binance, the world’s largest cryptocurrency exchange, conceived of an elaborate corporate structure designed to intentionally deceive regulators and surreptitiously profit from crypto investors in the US.

The document was reportedly created in 2018 and outlined how the company would funnel revenue to Binance through a web of corporations without exposing its parent to regulatory oversight.

Binance's CEO, CZ, was quick to respond that Forbes' article is incorrect and FUD.
 

Bitcoiner Cynthia Lummis Wins US Senate Seat


Cynthia Lummis bought into Bitcoin as a US representative from Wyoming.

Now, she's perhaps the biggest Bitcoin proponent in the Senate.
 

 TWEET OF THE WEEK 

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