Just News – RT – Bitcoin plunges by 30% after record high of $20,000

RT – Bitcoin plunges by 30% after record high of $20,000
The price of bitcoin fell to less than $13,080 on Friday morning, according to CoinDesk.com. That makes an 18-percent drop since its previous slide, and more than 30 percent since it reached the historic $20,000 mark last week.
The cryptocurrency has experienced its second major drop in just days. Rival bitcoin cash has also fallen, plunging to $2,536 per coin, following its rapid climb of more than 50 percent to almost $4,330 per token on December 20.

RT – Just try selling your bitcoin: Cryptocurrency pioneer warns against ‘extremely risky’ investment

The co-founder of Bitcoin.com, one of the world’s largest sites devoted to the leading virtual currency, has sold all his bitcoins and recommends people stay away from it for the moment and look for alternatives.
“I would say an investment in bitcoin is right now the riskiest investment you can make. There’s an extremely high risk,” Emil Oldenburg said in an interview with Swedish tech site Breakit.
“I have in fact sold all my bitcoins recently and switched to bitcoin cash,” he added.
Oldenburg complains about long transactions with high fees. According to some estimates, bitcoin transaction fees are doubling every three months, and an average bitcoin transaction is takes four and a half hours to be confirmed. The average trading fee peaked at $26 recently.
The reason why bitcoin users don’t understand its cons is that they only buy it and don’t sell or trade it, according to Oldenburg.
“As soon as people realize that this is how it works, they will start to sell. The old bitcoin network is as good as unusable,” he said.
The investor explained fees for bitcoin cash transactions are more reasonable.
“It only costs $0.012 to send a bitcoin cash transaction, and there are no lead times. The only drawback is that you need larger hard drives, but that’s not a problem for most people.”

RT – Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff
Bitcoin is a massive speculative bubble that will implode, and people who are buying it now will be left holding the bag, according to economist Peter Schiff, best known for predicting the 2008 financial crash.
“People who got it years ago, even people who got it at the beginning of the year have the opportunity to cash out and make a lot of money. But people who are buying it at these prices or higher prices are going to lose practically everything,” Schiff told RT International Channel.
“These currencies are going to trade to zero or pretty close to it when the bubble pops,” predicts Schiff. “Right now, the only reason why people are buying bitcoin is because the price is going up. When it turns around, they are not going to sell it for the same reason.”
“There is no value in bitcoin, you can’t use it as money,” Schiff points out. “It’s too slow, too expensive and too vulnerable.”
The investor called bitcoin a “speculative digital asset,” and as soon as its price stops going up, it will implode.
According to Schiff, there is a problem with fiat currencies. However, there are 1,300 digital currencies with massive inflation. “Even bitcoin itself has spun off bitcoin cash, bitcoin gold. There is no limit to supply of bitcoin-branded worthless tokens that can be created,” he said.

RT – Insider trading probe leads to crash of bitcoin cash
The price of bitcoin cash plunged 10 percent when trading resumed following an investigation by a leading cryptocurrency exchange into possible insider trading.
Bitcoin cash’s wild price swings led Coinbase to suspect exchange staff of possible insider trading. The third most valuable cryptocurrency’s price had more than doubled since Monday.
“If we find evidence of any employee or contractor violating our policies — directly or indirectly — I will not hesitate to terminate the employee immediately and take appropriate legal action,” Coinbase CEO Brian Armstrong posted in his blog.
All Coinbase employees and contractors were “explicitly prohibited” more than a month ago from trading in bitcoin cash and revealing launch plans, he said.
The exchange suspended trade on Tuesday minutes after the opening and eventually canceled orders.
According to CoinMarketCap, the price of bitcoin cash soared to $9,500 as trading began on the Coinbase exchange GDAX. Coinbase did not recognize that price on its exchange. The rise of bitcoin cash is also suspected of causing a sell-off in bitcoin. On Thursday, bitcoin cash was trading at $3,627 while bitcoin was selling for $17,000.

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Calcium Chloride in Vaccines

Calcium Chloride in Vaccines: Limited Information Available
The U.S. Centers for Disease Control and Prevention (CDC) Vaccine Excipient and Media Summary lists two vaccines that contain calcium chloride:

  • Rotavirus (Rotarix) approved for use in infants six weeks to 24 weeks of age
  • Influenza (Afluria) approved for use in persons over the age of nine

Calcium Chloride: Materials Safety Record and Toxicity
According to the Materials and Safety Data Sheet (MSDS) on ScienceLab.com, calcium chloride is hazardous in case of skin contact (irritant), eye contact (irritant), ingestion and inhalation. The MSDS does not address the effects of calcium chloride through injection. Toxicological information is provided by the MSDS, which describes the biological effects of calcium chloride on humans as:
Mutagenic for mammalian somatic cells, mutagenic for bacteria and/or yeast and may cause damage to the following organs: heart, cardiovascular system. May affect genetic material based on animal data. May cause cancer (tumorigenic) based on animal data.11
The MSDS further provides these special remarks of its effects on humans:
Skin: May cause severe irritation and possible burns, especially if skin is wet. Contact with dry skin causes mild irritation. Contact of solid with moist/wet skin or skin contact with strong solutions may cause marked irritation or possible burns.
Eyes: May cause severe irritation, possible transient corneal injury, and possible eye burns.
Inhalation: May cause severe irritation of the upper respiratory tract with pain, inflammation and possible burns.
Ingestion: May cause severe gastrointestinal (digestive) tract irritation with nausea, vomiting and possible burns. May affect cardiovascular system (cardiac disturbances, slow heart beat), behavior (seizures), metabolism, blood, and brain, respiration (rapid respiration).
Chronic Potential Health Effects: Effects may be delayed.11
Calcium Chloride: Lack of Scientific Research on Human Health

Too Big To Fail Banks Are Taking Over As Number Of U.S. Banks Falls To All-Time Record Low

Too Big To Fail Banks Are Taking Over As Number Of U.S. Banks Falls To All-Time Record Low

The too big to fail banks have a larger share of the U.S. banking industry than they have ever had before.  So if having banks that were too big to fail was a “problem” back in 2008, what is it today?  As you will read about below, the total number of banks in the United States has fallen to a brand new all-time record low and that means that the health of the too big to fail banks is now more critical to our economy than ever.  In 1985, there were more than 18,000 banks in the United States.  Today, there are only 6,891 left, and that number continues to drop every single year.  That means that more than 10,000 U.S. banks have gone out of existence since 1985.  Meanwhile, the too big to fail banks just keep on getting even bigger.  In fact, the six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten 37 percent larger over the past five years.  If even one of those banks collapses, it would be absolutely crippling to the U.S. economy.  If several of them were to collapse at the same time, it could potentially plunge us into an economic depression unlike anything that this nation has ever seen before.

Incredibly, there were actually more banks in existence back during the days of the Great Depression than there is today.  According to the Wall Street Journal, the federal government has been keeping track of the number of banks since 1934 and this year is the very first time that the number has fallen below 7,000…

Heroin Capital: Afghan opium sets global drug supply record

Opium farmers in Afghanistan are expecting a record harvest this year – bringing huge profits for warlords and heroin traffickers. Poppy production continues to spread at a staggering pace, with some growers claiming government officials are taking a cut from the lucrative business. Let’s cross live now to Kabul, to talk to Jean-Luc Lemahieu – he’s the head of the UN drug control agency in Afghanistan and neighboring countries.

2013 Wintertime Arctic Sea Ice Maximum Fifth Lowest on Record

2013 Wintertime Arctic Sea Ice Maximum Fifth Lowest on Record

Last September, at the end of the northern hemisphere summer, the Arctic Ocean’s icy cover shrank to its lowest extent on record, continuing a long-term trend and diminishing to about half the size of the average summertime extent from 1979 to 2000.

During the cold and dark of Arctic winter, sea ice refreezes and achieves its maximum extent, usually in late February or early March. According to a NASA analysis, this year the annual maximum extent was reached on Feb. 28 and it was the fifth lowest sea ice winter extent in the past 35 years.

The new maximum -5.82 million square miles (15.09 million square kilometers)- is in line with a continuing trend in declining winter Arctic sea ice extent: nine of the ten smallest recorded maximums have occurred during the last decade. The 2013 winter extent is 144,402 square miles (374,000 square kilometers) below the average annual maximum extent for the last three decades.