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Last Week On Sunday: Bitcoin’s Revenge

Every week on Sunday, we will be going over some of the good, the bad, and the funny things the CRU News Desk came across during the week.

Week In Review: Bitcoin’s Revenge

Bitcoin's Revenge: Bitcoin 7-Day Chart

Bitcoin 7-Day Chart Credit: CoinGecko.com

The biggest story of the week by far has to be Ethereum finally flippening Bitcoin. Just kidding. That didn’t actually happen. Though, based on tokenomics, you could argue Ethereum flipped BTC on Binance US.

Obviously the biggest story this week was the Proshares ETF commencing trading on Tuesday. Thanks to the positive vibes, the week saw mostly positive price action for Bitcoin, and even a new all-time high of 67k for the world’s first cryptocurrency on Wednesday. Fittingly, the week culminated with the release of Barron Magazine’s latest issue, which featured the headline “Bitcoin Goes Mainstream.”

Recommended: SEC Quietly approves another Bitcoin futures ETF on a Friday

The Good

The good outweighed the bad this week. But, not just because of the ETFs.

The Bad

Surprisingly, no China FUD this week. If anything we got some “China made Bitcoin stronger” pieces from Bloomberg and The Economist. Bloomberg, in particular, said, “The most convincing explanation for the cryptocurrency’s record-testing rally may be its resilience in the face of a clampdown by Beijing.” Bitcoin, it seems, is kind of like Hulk Hogan. The more you hit him, the stronger he gets.

Recommended: Did The SEC Try To Bury The Bitcoin Futures ETF? 

But it wasn’t all good news this week.

Recommended: FIAT EXPOSED: GLOBAL BANK PLEADS GUILTY TO LOOTING AN ENTIRE COUNTRY

The Funny

Most weeks, the comedy in crypto is unintentional re: sardonic laughs at the expense of all-too-familiar FUD. With the week being as light on FUD as it was, the comedy comes at the expense of the idiosyncrasies of the crypto world.

 

 

 

The post Last Week On Sunday: Bitcoin’s Revenge appeared first on CryptosRus.

bitcoin-cli could not locate RPC credentials

I’m running a bitcoind 0.16 and it seem working, blockchain in sync etc.. I’ve used the “new” rpcauth, which is non deprecated so kind of referennce as explained here: https://github.com/bitcoin/bitcoin/blob/v0.16.0/contrib/debian/examples/bitcoin.conf. I’ve generated the rpcauth line and the password with ./share/rpcauth/rpcauth.py bob Copied the rpc line in the ~/.bitcoin/bitcoin.conf file and stored the password elsewhere. The::Listen

I’m running a bitcoind 0.16 and it seem working, blockchain in sync etc.. I’ve used the “new” rpcauth, which is non deprecated so kind of referennce as explained here: https://github.com/bitcoin/bitcoin/blob/v0.16.0/contrib/debian/examples/bitcoin.conf. I’ve generated the rpcauth line and the password with ./share/rpcauth/rpcauth.py bob

Copied the rpc line in the ~/.bitcoin/bitcoin.conf file and stored the password elsewhere. The conf file have this [rpc] section:

server=1 rest=1 rpcauth=bob:b2dd077cb54591a2f3139e69a897ac$4e71f08d48b4347cf8eff3815c0e25ae2e9a4340474079f55705f40574f4ec99 

I run

./src/bitcoin-cli get blockchaininfo -rpcuser={...} -rpcpassword={...} 

The answer is:

error: Could not locate RPC credentials. No authentication cookie could be found, and RPC password is not set.  See -rpcpassword and -stdinrpcpass.  Configuration file: (/home/bitcoin/.bitcoin/bitcoin.conf) 

It’s like the cli can’t read the rpc credentials from the command line. It’s not saying “credentials are wrong”. Also the conf file is the correct one so…

Any clue?

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Last Week On Sunday: Bitcoin’s Revenge

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