Binance Suffers Crippling Lag, Angry Crypto Traders Lose Thousands

By CCN: Binance users experienced extreme lag this morning, specifically with trade settlement and balance syncing. CEO Changpeng Zhao confirmed the issue on Twitter and promised the crypto exchange was working on it.

Bitcoin Traders Scream Bloody Murder as Binance Succumbs to Lag

Consequently, several crypto traders got stuck in trades they would otherwise have canceled, which meant unintended losses.

At least five users reported losses in the thousands of dollars. One person said they lost around 3 BTC.

Chanpgeng Zhao, often referred to as “CZ,” is an unstoppable Twitter user, but he did not immediately respond directly to any of these public complaints. He blamed the lag on heavy order volumes.

This reporter confirmed the issue and found himself unable to cancel a BNB trade. Similarly, although trades seem to have gone through, balances were not updated. This meant that further trades could not be made.

Binance Crypto Trading Bots Unaffected

Binance explained that API users, or mainly bots and trading software, were not affected. Regular users who enter trades manually were affected for at least a couple of hours.

The incident spells out the fickle nature of the crypto economy, where small software glitches can cost many thousands of dollars. Who is to blame? It’s tough to decide.

On the one hand, traders shouldn’t place orders they wouldn’t want to be executed. On the other, the software should work as intended, and there should be no cancel button if the user is not expected to utilize it.

A couple of hours after the initial problems, CZ posted again to say that things should be working smoothly now. However, some transactions would still be backlogged.

The funds lost today are relatively trivial compared to the funds that Binance lost just a couple of short weeks ago. A security breach at Binance resulted in the theft of around 7,000 bitcoins, for which Binance was forced to foot the bill.

Fortunately, the exchange had planned for such an occasion. The actual owners of the accounts compromised have never come forward, and the events led to some very interesting talks in the cryptosphere.

First a 7,000 Bitcoin Theft, Now Technical Difficulties

binance cryptocurrency exchange Changpeng Zhaobinance cryptocurrency exchange Changpeng Zhao

CZ, the founder of crypto exchange Binance, has had a rough month. | Source: Facebook/Binance

For one thing, Changpeng Zhao caused a stir when he spoke of “reorganizing” the Bitcoin blockchain to bereave the thieves of their funds. He later apologized for saying that.

Then he said the exchange might instead resort to using a cartel of Bitcoin services to “freeze” the funds, which raises other issues, such as fungibility. Are some bitcoins good, and others bad?

Adam Back was roused to comment on the What Bitcoin Did podcast about the ridiculous notion of invalidating BTC transactions.

Binance remains one of the top crypto exchanges, despite recent hiccups. The long-term dominance of the platform is something that can only be determined in hindsight after things have returned to normal.

Crypto Bull Brian Kelly: Bitcoin Miners are Hoarding, Demand Is Rising

By CCN: Now that the bitcoin price is holding at the $8,000 level, investors are anxiously awaiting what comes next. Bitcoin’s value has expanded by 50% over the last 30 days, but the bulls are currently taking a breather and momentum appears to have stalled.

Crypto fund manager Brian Kelly on CNBC provided some anecdotal evidence that the bitcoin price is only getting started, not the least of which is that miners are reportedly hoarding bitcoin rather than directing it toward total circulation, which is helping to fuel gains in the BTC price.

bitcoin price chartbitcoin price chart

The bitcoin price has skyrocketed more than 100% year-t0-date. | Source: CoinMarketCap

Kelly explains that he has had discussions with bitcoin miners globally and they have liquidated enough of their BTC rewards to keep operations running for roughly the next 12 months. As a result, they’re “hoarding it.” He explained that miners are saying:

“We are going to hoard bitcoin at this point in time. We’re not going to sell it.”

Their timing couldn’t be better considering that bitcoin’s long-awaited halving event is coming up in 2020. As CCN has reported, the bitcoin supply is about to be slashed, which by the code’s design occurs every four years. It means that bitcoin miners’ reward for mining a block will be slashed in half. According to Kelly, the BTC price historically rallies in the year prior to and following the halving event. So the catalysts are two-pronged comprised of rising demand and lower supply, the result of which lends itself to a bullish case for bitcoin. Kelly stated:

“So it’s just real simple economics.”

Retail and Institutional Demand for Bitcoin

So you’re probably wondering where all the demand is stemming from this bull market. It’s actually a combination of both individual and institutional investor demand, and this has a lot to do with the influx of mainstream players into the market. Fidelity is now custodying cryptocurrency assets for big investors.

On the retail investor front, TD Ameritrade has backed regulated crypto exchange ErisX and it’s only a matter of time before they roll out spot trading to the world – as long as ErisX reaches its milestones.

BK’s 2 Satoshis

Brian Kelly’s advice? Buy it now and don’t come crying to him when you miss your window.

“While we’re down at these levels, please size this appropriately. It’s a risky thing. One percent to 5% of your portfolio. And when it goes higher and you buy it at the top, don’t tell BK that ‘I bought too much.” Buy it here.”

Abortion Providers Fear For Their Safety As Rhetoric Ratchets Up

A few weeks ago, Jen Villavicencio, an OB-GYN in Michigan, Googled her name. There, on the results page, was an anti-choice website that identified medical professionals working in the “abortion cartel.” Her name was on the list.

The site had posted several photos of her, stripped from social media, along with her work phone number and the city where she practices. Villavicencio wasn’t surprised; ever since she started providing abortions six years ago, she’d expected to be targeted online.

But when her husband walked up behind her and saw the photos on her computer screen, he sat down and began to cry.

“We had a two-hour long conversation about what this meant and what’s going on in the general political environment, and what we’re doing to keep ourselves safe,” she told HuffPost recently. “He’s feeling powerless to protect our family, but simultaneously wanting to support me, because he believes wholeheartedly in the work that I do.”

As a re-emboldened anti-abortion movement has emerged, buoyed by recent legislative victories in Alabama, Georgia, Ohio, Kentucky, Mississippi, Missouri, Utah and Arkansas, those who work to protect abortion rights are on high alert for their safety.  

Anti-abortion activists and lawmakers believe the time is ripe to overturn Roe vs. Wade, and rhetoric opposing abortion has gone into overdrive. Even President Donald Trump has chimed in with unscientific and dangerous claims about abortions later in pregnancy. 

Threats of violence against abortion providers are not new. There is a long history of deadly violence against abortion providers in the U.S., but harassment appears to be on the rise.

The National Abortion Federation, an organization that tracks violence against abortion providers, found that trespassing, obstructing patients from accessing care, and harassing phone calls all steeply increased in 2017, the latest year for which there is data. Providers reported 62 death threats or threats of harm in 2017 ― up from 33 the year before.

Abortion providers who spoke to HuffPost said there is little they can do to increase security at their clinics, most of which already have robust safety measures in place, such as security guards and surveillance systems.

But in the digital age, doctors and staff also have to worry about keeping their personal information offline. At a conference for family planning specialists and OB-GYNs last week, Villavicencio said she had countless conversations with attendees who were newly strategizing how to erase their digital footprints, as well as discussing how to protect their families.  

“People were feeling nervous,” she said. “The threat is ever-present.”

An anti-abortion protester shouts as a woman is escorted into the Reproductive Health Services building in Montgomery, Alabam



An anti-abortion protester shouts as a woman is escorted into the Reproductive Health Services building in Montgomery, Alabama, on May 20, 2019.

Calla Hales, a clinic director for four abortion clinics in Georgia and North Carolina, said she’s witnessed increased hostility this year after a number of states passed abortion bans.

Hales said she holds security meetings quarterly with her staff. One of their biggest concerns is social media, she said. Not all of her clinic workers are “out,” meaning they speak publicly about their work. But some of them are actively advocating for abortion rights online, which opens them up to threats and harassment.

“In those situations, we do have to focus on how they can remain safe online,” she said.

The use of inflammatory rhetoric by abortion critics is ramping up, she added. “We are seeing increasing use of this ‘infanticide’ language. They’re also saying that patients should be criminalized, and providers should be criminalized.”

At least one clinic has experienced an act of violence this month.

On May 7, a clinic escort was hit by a car outside the West Alabama Women’s Center in Tuscaloosa. Helmi Henkin, an organizer with the Yellowhammer Fund in Alabama, which helps people access safe abortions, witnessed a man back his SUV into an escort who was standing in the parking lot. The escort had to receive emergency medical care, she said.

“He wasn’t even a protester,” Henkin said. “He was just a member of the community who had been empowered or inspired by these [anti-abortion activists] to start coming and taking his anger out on us.” 

Henkin, who has volunteered as a clinic escort since 2016, said she has a list of names and faces of people who have threatened to commit violence that she keeps either in her car or in her pocket so she can be on the lookout. This is a common tactic for volunteers and people who work at abortion clinics. They have to stay vigilant.

“I’m always aware that there is a risk of violence,” Henkin said. “But stuff like that just serves as a reminder that we are putting our lives on the line out there.”

Anytime we’re talking about the issue more than usual, providers are on high alert. But at the same time, providers are on high alert almost all the time.
David Cohen, law professor at Drexel University

He noted that the 2015 deadly shooting at an abortion clinic in Colorado Springs came on the heels of abortion opponents releasing a series of deceptively edited videos of Planned Parenthood officials discussing fetal organs, and the 2009 murder of Kansas doctor George Tiller came after he was acquitted of charges of performing illegal abortions in a high-profile trial.  

“Anytime we’re talking about the issue more than usual, providers are on high alert,” Cohen said. “But at the same time, providers are on high alert almost all the time. Because you don’t know what is going to happen.”

For Villavicencio, finding herself listed on an anti-abortion website only served to make her more committed to helping those in need, despite the strain it puts on her family life.

“It did make me take a step back and think about what this means for the people that I love the most,” she said. “I feel fortunate to have somebody in my life who is willing to take on that emotional burden so that I can work to make the lives of women in this country better. But it’s a really heavy lift.”

Having the president make inflammatory comments about abortion doesn’t help anything, she added. 

“I’ve got people that scream murderer me, every time I drive to work,” she said. “As common as it is, it doesn’t make it easier.”

Why Litecoin Will Skyrocket 140% in Less Than 3 Months & Hit $220

By CCN: The Litecoin price has enjoyed a breakneck bull run in 2019, launching the cryptocurrency nearly 200 percent higher in less than six months. But while cautious investors might be tempted to take their profits and run, a crucial upcoming event could send Litecoin another 140% higher over the next three months, enabling LTC to eclipse the $220 mark for the first time in more than a year.

The trigger from this mammoth ascent? Litecoin’s long-awaited “halvening,” which will slash block rewards by 50%, from 25 LTC to 12.5 LTC.

Historically, such halvenings (or “halvings”) have proven to be bullish catalysts for proof-of-work cryptocurrencies. As inflation decreases, investors anticipate a comparable increase in price.

Litecoin Flashes Multiple Bullish Patterns

Litecoin’s halving won’t happen until around August 6, yet the altcoin’s price has already tripled in 2019. Even so, the cryptocurrency’s technical picture suggests the rally still has plenty of momentum.

Currently, it’s struggling to take out resistance at $100, but the bulls appear determined to pierce this level. On the daily chart on Coinbase, you can easily see the formation of an ascending triangle pattern.

litecoin price chartlitecoin price chart

The Litecoin price is forming an ascending triangle. | Source: TradingView

The triangle is a continuation pattern, which indicates that the market is very likely to resume its uptrend once consolidation is over. As you can see, the diagonal support is still intact.

In addition, the three moving averages are in perfect bullish alignment. The 50-day MA is above the 100-day MA, and the 100-day MA is on top of the 200-day MA. These signals tell us that Litecoin’s uptrend remains healthy.

On top of the ascending triangle, Litecoin is also painting a massive inverse head-and-shoulders pattern on the weekly chart. This pattern has been under construction for almost a year now. That’s a long time to build a base in the cryptocurrency world.

litecoin price weekly chartlitecoin price weekly chart

The Litecoin price has spent the past year building a massive inverse head-and-shoulders pattern. | Source: TradingView

The neckline of this pattern is $100. This means that fireworks will begin once bulls convincingly take out this level. Using the height of the pattern to estimate a target, a breach of $100 will likely send Litecoin to $175.

LTC price chartLTC price chart

$175 is the easy target price for Litecoin | Source: TradingView

LTC Price Won’t Face True Resistance Until $220

Breakout from this pattern signifies the end of the Litecoin’s long-term downtrend. This will attract breakout traders, trend followers, and others who were staying on the sidelines during this long bear winter.

The bullish momentum generated will make it possible for Litecoin to pierce $175 quickly. That’s because the only strong resistance from the macro perspective above $100 is $220.

LTC price chartLTC price chart

After punching through $100, bulls won’t find much resistance until $220. | Source: TradingView

Of course, we expect Litecoin to spend some time consolidating around $175 before it can ascend to $220. At that point, however, the bullish sentiment is likely to be very strong. This means that buyers are likely to front-run each other just like they are in bitcoin right now.

With the “halvening” just around the corner, bulls should expect Litecoin to trade as high as $220 before August 2019.

Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.

Dow Slices Triple-Digit Loss as Deflated Fed Hawks Suffer Brutal Defeat

By CCN: The Dow and broader U.S. stock market extended losses Wednesday after the minutes of the latest Federal Reserve policy meeting seemed to confirm that interest rates will remain on hold for the foreseeable future, thrusting the warnings of Fed hawks to the garbage heap.

Dow, S&P 500 Pare Painful Losses

All of Wall Street’s major indexes finished lower by the end of trading, mirroring a volatile pre-market for Dow futures. The Dow Jones Industrial Average was off by more than 120 points before paring some of its losses in the afternoon session. It would eventually settle down 100.72 points, or 0.4%, at 25,776.61.

Dow JonesDow Jones

Dow Jones Industrial Average falls 100 points on Tuesday. | Source: Yahoo Finance.

The broad S&P 500 Index of large-cap stocks declined 0.3% to 2,856.27. Losses were primarily concentrated in primary industries, with energy stocks falling 1.5%. Shares of materials and industrials also declined sharply. On the opposite side of the ledger, utilities and health care companies rose sharply.

The technology-focused Nasdaq Composite Index fell 0.5% to settle at 7,750.84.

Federal Reserve Stresses Patience as Fed Hawks Seethe

jerome powell dow jones, djiajerome powell dow jones, djia

Federal Reserve officials seem to agree with Chairman Jerome Powell that the recent drop in inflation is only temporary. | Source: REUTERS / Jonathan Ernst

U.S. central bankers are unlikely to change course on monetary policy anytime soon, with many siding with Chairman Jerome Powell’s view that the recent drop in inflation was likely temporary.

“Members observed that a patient approach to determining future adjustments to the target range for the federal funds rate would likely remain appropriate for some time,” the minutes of the April 30-May 1 Federal Open Market Committee (FOMC) meeting revealed Wednesday.

While this may have disappointed some investors looking for the resumption of ultra-low interest rates, the Fed is providing assurances that a rate hike is off the table for the remainder of 2019 and beyond. The central bank has been dovish on policy normalization since the start of 2019 after their fourth rate hike in December hastened the worst stock market collapse in nearly a decade.

The U.S. economy is performing better than virtually all of its advanced industrialized peers, but a slowdown in manufacturing, consumer spending, and housing has investors worried. All signs seem to show that the U.S. economy experienced a broad cooling at the start of the second quarter.

Click here for a real-time Dow Jones Industrial Average price chart.

Bitcoin Price Roars Loud but Could Quickly Unravel to 30% Plunge: Analyst

By CCN: Josh Rager, a cryptocurrency trader and technical analyst, expects a healthy pullback for bitcoin based on the historical performance of the asset in the past three years.

Since 2016, the bitcoin price has tended to correct by 30 to 40 percent following a strong short-term rally.

The bitcoin price is up nearly $3,000 in 30 daysThe bitcoin price is up nearly $3,000 in 30 days

The bitcoin price is up nearly $3,000 in 30 days (source: coinmarketcap.com)

Although the historical performance of the bitcoin price is no guarantee of its future trend, coming off of a staggering 100 percent year-to-date gain, despite the strong momentum of the asset, some analysts have suggested the possibility of a large correction.

Is a 30 Percent Drop For Bitcoin Possible?

Like any other asset, bitcoin can become vulnerable to a minor correction if it surges by a large margin in a short time frame in a parabolic rally.

Apart from one occasion in the past week during which bitcoin experienced an abrupt drop to $6,400, the dominant cryptocurrency has more or less recovered without a large downside movement or a correction in the past month.

Since April 22, the bitcoin price has increased from $5,300 to $8,000, by nearly $2,700 within 30 days.

As such, several traders are anticipating a minor correction to occur given that the bitcoin price has surged without a dip in momentum.

Rager said:

BTC 30%+ pullback coming? Yes, eventually. If history repeats, there should be plenty of strong pullbacks on the way to next peak all-time high. There were at least nine 30%+ pullbacks from last cycle accumulation and uptrend Plenty of buying opportunities ahead, don’t let it shake you.

But, other traders have suggested the possibility of the momentum of the crypto market reducing the probability of a large correction in the near-term.

A cryptocurrency trader known to the community as Mayne said that if the bitcoin price remains above a key support level at high $7,000, an increase to $9,000 is a likely target. Similarly, if ethereum remains above $260, the trader said that $300 remains a possible target.

While it is entirely possible for bitcoin and the rest of the crypto market to demonstrate extreme volatility in the weeks to come, some have suggested that the current momentum of the market could sustain the positive trend of major crypto assets.

“BTC – Need to hold $7,884 and red OB for upside target $9,000+. Break below red OB I expect $7,300 and maybe lower to $6,400. ETH – USD pair needs to break and close thru $260 to get to $300. BTC pair had a nice reaction of range low if we can hold EQ and flip grey OB looks good,” he said.

Traders are closely observing the $7,800 to $8,400 range as a break out above $8,400, which has remained a key resistance level for the asset, could initiate another vertical price movement in the near-term.

Momentum is Key

As explained by BKCM Capital CEO Brian Kelly on CNBC Fast Money, if the bitcoin halving in May 2020 is triggering the current rally of bitcoin, there could be more fuel left for the market.

Kelly said:

“The big picture here is we’re starting to enter this cycle where you get a supply cut. Every four years the supply of bitcoin gets cut in half, you generally have a rally a year into it and a year out of it, and so we’re just at the beginning of that stage.”

“You got this combination of a lot of demand coming in and we are heading into a period where we are going to have a supply cut and that’s generally very bullish.”

In the near-term, momentum will be crucial for the crypto market and the daily volume of bitcoin would have to supplement the price trend of the asset.

Ice-T Trashes Amazon After Delivery Almost Ends in Tragic Shooting

By CCN: Musician, rapper, songwriter, actor, record producer, and author Ice-T fired off a savage tweet at Amazon, not-so-kindly suggesting that Amazon delivery people should wear garments clearly identifying themselves as such.

The company’s abject failure to require this basic worker protection almost caused him to tragically shoot one delivery driver in self-defense.

Ice-T: Not Another Hollywood Hypocrite

Typically, it would be easy to jump all over some hypocritical Hollywood celebrity for whining about the Second Amendment and then pulling a gun.

In this case, however, Ice-T is a staunch Second Amendment advocate who also makes an excellent point about Amazon’s operational holes.

Nor is Ice-T the average citizen who has delivery people tromping about on his property on a regular basis. Spotting someone on his property has a different context because he’s a celebrity. They may very well be a bona fide threat.

Thus, Ice-T is absolutely right to scold Amazon on this matter.

Amazon Makes a Big-Time Fumble

While any delivery service should have proper identification garments for its workers, the fact that Amazon does not is conspicuous, considering it commands 5 percent of the retail sales market and has a boatload of cash.

How did Amazon respond? Dave Clark, SVP of Operations for Amazon, tweeted back:

The reply smacks of a generic response, with just the “MF’ing” slapped onto it, so it’s unclear if Amazon got the point or not. “Lots of innovation” is coming? How innovative is a yellow vest that says “Amazon” on it?

At the very least, Amazon can use something comical such as:

Another Amazon department replied to Ice-T regarding the matter:

That response was greeted with an appropriate rebuttal from another tweeter:

Amazon, Uber, and Lyft All Treat Workers Badly

This scenario brings to light an ongoing controversy in the American labor market. Amazon, along with Uber and Lyft, benefits greatly from its workforce yet also treats workers horribly.

Workers have gone public with criticism of their work conditions.

Rashad Long is known as a “picker” who must select items from fulfillment centers for shipping at a rate of 400 per hour, or one every seven seconds. He told The Guardian earlier this year:

“We are not robots. We are human beings. We cannot come into work after only four hours of sleep and be expected to be fully energized and ready to work. That’s impossible. I feel like all the company cares about is getting their products out to the customers as quickly humanly as possible, no matter what that means for us workers in the end.”

Will Amazon Workers Unionize?

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Amazon owes it to workers to treat them with basic decency. | Source: Shutterstock

Another Amazon worker who spoke anonymously to The Guardian advocates for unionization:

“Amazon is a very big company. They need to have a union put in place. They overwork you and you’re like a number to them. During peak season and Prime season, they give you 60 hours a week. In July, I had Prime week and worked 60 hours. The same day I worked overtime, I got into a bad car accident because I was falling asleep behind the wheel.”

Ice-T highlights a simple issue that should have been fixed long ago.

While workers are not always going to be treated with care and respect, Amazon does owe them a minimal duty of care, especially given the wealth created as a result of its meteoric stock rise.

Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.

Jussie Smollett Haunted by Scandal as Ex-Judge Targets Empire Star

By CCN: Oh, Jussie Smollett. Once again you are back in the headlines. If it’s fame you wanted, you certainly got it, but it’s probably not the fame you were dreaming about when you risked your career to perpetuate what appears to be a hate crime hoax.

A former judge is now filing a motion in a Chicago court to have a special prosecutor examine the former “Empire” actor’s case.

Jussie Smollett filed a police report at the end of January 2019, claiming he was the victim of an anti-gay hate crime. Unfortunately, evidence emerged down the line suggesting that Smollett had potentially staged the attack on himself. He was arrested and charged with 16 criminal counts, including filing a phony police report, all of which were later mysteriously dropped in late March.

Jussie Smollett Is Still Under ‘Chicago Fire’

This didn’t fly well with the “Empire” staff or the city of Chicago. Lawmakers filed a civil suit against the actor, demanding more than $130,000 in fees to make up for the money spent on overtime hours investigating his case. Smollett’s “Empire” colleagues also felt the controversy surrounding him was too much to bear. Smollett was ultimately written out of the last two episodes of season 5, and there are no plans to bring him back for the show’s upcoming sixth (and final) season.

The former judge filing the motion is Sheila O’Brien. She’s the same judge who’s looking to subpoena Kim Foxx, the Chicago Attorney General who recused herself from Smollett’s case after it was discovered she had been leaking information to the actor’s family. O’Brien alleges that Foxx’s handling of the case was “plagued with irregularity.” She says that Foxx and her team lied to the public regarding the details of the case and that Foxx and her office are responsible for “creating this mess.”

A hearing for O’Brien’s request will take place on May 31. Smollett’s case file is also being examined by Cook County Inspector General Patrick Blanchard.

Sheila O’Brien Wages Righteous Crusade Against Disgraced ‘Empire’ Star

jussie smollett, chicago, empirejussie smollett, chicago, empire

The Jussie Smollett scandal continues to haunt Chicago. | Source: Chicago Police Department / Handout via REUTERS

As Wyatt Earp might say, “Smollett called in the thunder. Well, now he’s got it.”

If the former “Empire” player thought that all this would potentially blow over once the charges against him were dropped, he couldn’t have been more wrong. Reports claim that Smollett potentially staged the attack on himself because he was unhappy with his salary – an embarrassingly low $65,000 per episode.

If Smollett did stage the attack, the gimmick isn’t up. It’s just turned the tide and backfired in ways the actor probably could have never predicted. Released from his show, Smollett has lost additional work like his role in the Broadway play “Take Me Out” due to the level of infamy he’s attracted, and his reputation is probably unfixable at this point.

The only thing that Jussie Smollett appears to have gotten from this is that now, virtually every American seems to know his name. Sure, most of them are muttering it under their breath as feelings of disgust and anger swell through their chests, but hey – he’s achieved in just a few days what it takes years for most actors to accomplish.

In that sense, congrats Jussie. Congrats on a job well done.

Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.

Washington State Legalizes Human Composting As Eco-Friendly Alternative

Washington residents will soon have another eco-friendly alternative over cremation or burial: human composting. 

Gov. Jay Inslee on Tuesday passed a bill that will allow residents to undergo either human composting or alkaline hydrolysis, a process that breaks down bodies using lye and heat.

Alkaline hydrolysis is already legal in several states though Washington will be the first to allow human composting, The Seattle Times reported. Both processes, which will be legal starting May 1, 2020, will have to be performed by a licensed facility. 

Katrina Spade, the founder and CEO of Recompose, displays a sample of compost material left from the decomposition of a cow.



Katrina Spade, the founder and CEO of Recompose, displays a sample of compost material left from the decomposition of a cow. It would take about a month to break down a human body.

Advocates of the alternative methods have argued that both are more environmentally friendly, cheaper and use less energy than cremation or ground burial.

“These practices consume valuable urban land, pollute the air and soil, and contribute to climate change,” states a website for Seattle company Recompose, which plans to be one of the first companies to offer human composting services. “We estimate that a metric ton of CO2 will be saved each time someone chooses recomposition over cremation or conventional burial.”

Composting humans will also prevent embalming fluid and other toxins from seeping into the ground and potentially contaminating water supplies, the company argues.

Spade displays a sample of the compost material from the decomposition of a cow (left) and some of the combination of wood ch



Spade displays a sample of the compost material from the decomposition of a cow (left) and some of the combination of wood chips, alfalfa and straw used in the process (right).

Recompose’s facility will feature reusable hexagonal recomposition vessels that will create about a cubic yard of soil per person with the help of wood chips, alfalfa, straw and microbes. It’s expected to take a month for a body’s breakdown to be fully complete ― bones and all.

“Friends and family are welcome to take some (or all) home to grow a tree or a garden. Any remaining soil will go to nourish conservation land in the Puget Sound region,” Recompose’s website states. 

The composting service is said to cost about $5,500, which is typically more than the cost of cremation and less than burial in a casket, the Los Angeles Times reported.

Requests for so-called green burials, which include biodegradable materials and formaldehyde-free embalming, have been on the rise, according to a 2017 survey by the National Funeral Directors Association.

Green burials are on the rise. Town of Rhinebeck Cemetery committee chairwoman Suzanne Kelly points out a burial mound in the



Green burials are on the rise. Town of Rhinebeck Cemetery committee chairwoman Suzanne Kelly points out a burial mound in the cemetery’s natural burial ground in Rhinebeck, New York, located 80 miles north of New York City.

The late actor Luke Perry was recently in the news after his daughter revealed that he was buried in a biodegradable mushroom suit as one of his final wishes.

The suit, manufactured by a company called Coeio, covers the body with mushroom spores. The mushrooms then help break down the body as well as remove toxins that would otherwise seep into the environment, according to the company’s website.

There are other green burial options available, including having one’s ashes turned into an artificial reef formation or having it mixed into plant soil to create a “living memorial.” One such company that does this, Let Your Love Grow, states that high pH and sodium levels from ashes alone will prevent plants from growing, so its product balances the soil levels.

Mary Lauren Fraser stands beside a biodegradable casket she hand-wove from willow, in Montague, Massachusetts.



Mary Lauren Fraser stands beside a biodegradable casket she hand-wove from willow, in Montague, Massachusetts.

If any of these methods sound too taboo, Seattle mortuary attorney Emily Albrecht, who hosts a blog called Funeral Law Lady, notes that though cremation dates back at least 20,000 years, it was a radical and in some places illegal procedure in the late 19th century.

There had been only two recorded instances of cremation in North America before 1800, according to the Cremation Association of North America. Its website notes that the United States’ first crematory was built in 1876 in Washington, Pennsylvania.

It wasn’t until 1963 that the Catholic Church permitted cremation for its parishioners, though with limitations.

More information about green burials is available on the Green Burial Council’s website.

Why Litecoin Will Skyrocket 140% in Less Than 3 Months & Hit $220

By CCN: The Litecoin price has enjoyed a breakneck bull run in 2019, launching the cryptocurrency nearly 200 percent higher in less than six months. But while cautious investors might be tempted to take their profits and run, a crucial upcoming event could send Litecoin another 140% higher over the next three months, enabling LTC to eclipse the $220 mark for the first time in more than a year.

The trigger from this mammoth ascent? Litecoin’s long-awaited “halvening,” which will slash block rewards by 50%, from 25 LTC to 12.5 LTC.

Historically, such halvenings (or “halvings”) have proven to be bullish catalysts for proof-of-work cryptocurrencies. As inflation decreases, investors anticipate a comparable increase in price.

Litecoin Flashes Multiple Bullish Patterns

Litecoin’s halving won’t happen until around August 6, yet the altcoin’s price has already tripled in 2019. Even so, the cryptocurrency’s technical picture suggests the rally still has plenty of momentum.

Currently, it’s struggling to take out resistance at $100, but the bulls appear determined to pierce this level. On the daily chart on Coinbase, you can easily see the formation of an ascending triangle pattern.

litecoin price chartlitecoin price chart

The Litecoin price is forming an ascending triangle. | Source: TradingView

The triangle is a continuation pattern, which indicates that the market is very likely to resume its uptrend once consolidation is over. As you can see, the diagonal support is still intact.

In addition, the three moving averages are in perfect bullish alignment. The 50-day MA is above the 100-day MA, and the 100-day MA is on top of the 200-day MA. These signals tell us that Litecoin’s uptrend remains healthy.

On top of the ascending triangle, Litecoin is also painting a massive inverse head-and-shoulders pattern on the weekly chart. This pattern has been under construction for almost a year now. That’s a long time to build a base in the cryptocurrency world.

litecoin price weekly chartlitecoin price weekly chart

The Litecoin price has spent the past year building a massive inverse head-and-shoulders pattern. | Source: TradingView

The neckline of this pattern is $100. This means that fireworks will begin once bulls convincingly take out this level. Using the height of the pattern to estimate a target, a breach of $100 will likely send Litecoin to $175.

LTC price chartLTC price chart

$175 is the easy target price for Litecoin | Source: TradingView

LTC Price Won’t Face True Resistance Until $220

Breakout from this pattern signifies the end of the Litecoin’s long-term downtrend. This will attract breakout traders, trend followers, and others who were staying on the sidelines during this long bear winter.

The bullish momentum generated will make it possible for Litecoin to pierce $175 quickly. That’s because the only strong resistance from the macro perspective above $100 is $220.

LTC price chartLTC price chart

After punching through $100, bulls won’t find much resistance until $220. | Source: TradingView

Of course, we expect Litecoin to spend some time consolidating around $175 before it can ascend to $220. At that point, however, the bullish sentiment is likely to be very strong. This means that buyers are likely to front-run each other just like they are in bitcoin right now.

With the “halvening” just around the corner, bulls should expect Litecoin to trade as high as $220 before August 2019.

Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.