This is an opinion editorial by Robert Hall, a content creator and small business owner.

Organized labor gave power to the people to fight big business and secure their workplace rights. Bitcoin gives power back to the people to protect these rights once and for all.

Labor Day is typically a time to relax with your friends and family, grill up some hot dogs and enjoy much-needed downtime before the holidays kick into overdrive. While this has come to represent the contemporary meaning of Labor Day, its origin stems back more than a century.

The first state to recognize Labor Day as a holiday was Oregon. The first bill was passed on February 21, 1887. By the end of 1894, 23 states adopted the holiday and Congress made it a federally recognized holiday during the same year.

Organized labor has been central to creating the work environments that we have today. Workers and workers' rights were not respected during the height of the industrial revolution. Life as a worker during this era was hell. How would you like to work 12-hour days, seven days a week and barely make it by? These are the conditions many of your ancestors worked in to provide for their families.

Children as young as five were forced to work to feed their families. Children working now is considered inhumane, but they just called that normal back then. In addition to working long hours, work conditions were dangerous and business owners could have cared less about your health and well-being.

Years of working like this left people tired, fed up and ready to revolt not too different from what we have today, right? Back then, workers took to the streets and sometimes got killed protesting for their rights as people not to be exploited by the monied elite.

"The Haymarket Affair" was an instance where people were killed. Seven policemen and four civilians were killed when police tried to break up a pro-labor rally in Chicago.

Blood was shed to give us what we take for granted. Do you like only working 8 hours a day? You have organized labor to thank for that. Do you enjoy relaxing on the weekend? You have unions to thank for that as well. Do you have health insurance through your employer? You can thank organized labor too.

We have to give credit where it is due. Without the labor movement's efforts, where would America be right now? Working our tails off with no chance of living a good life? I'll take a hard pass on that one. We are not meant to work ourselves to the bone and die. The credit-based monetary system and the incentive to exploit people created abysmal working conditions before organized labor took root.

Unions tend to get a bad rap because of partisan media and how they are portrayed to the broader public. It seems to be working as the number of union members has declined from its all-time high of 20 percent of the workforce (17 million people) to 14 million in 2021 (10.3).

Unions no longer have the power they once had to improve work environments and increase worker pay. This role has largely been shifted to state and local governments. With this shift came a shift in the concentration of union membership. Public sector employees have the highest unionization rates at 33.9 percent. This rate is five times higher than the rate of private sector workers, which stands at 6 percent.

Union departure from the private sector has left workers fending for themselves against rapacious corporate conglomerates that push their employees to the limit. Employee burnout is a genuine phenomenon, and workers are quitting in droves. The term great resignation didn't come from nowhere.

White-collar and blue-collar workers can't escape the crushing hamster wheel created by fiat money. The very people we depend on to care for us are under immense pressure. Fourteen percent of doctors reported doing drugs or drinking on the job to cope with burnout and PTSD from the pandemic. We are in serious trouble, folks.

The root of this problem is credit-based money and the need for central banks to inflate the currency. It is inflation that makes businesses and people run faster on the hamster wheel until we reach a breaking point. How can workers throw a wrench in the hamster wheel and make it stop once and for all?

Bitcoin is the best tool for economically empowering every worker in the United States and the world. Bitcoin gives back the energy the world's central banks stole from you. Bitcoin empowers you to make your own economic decision without interference from the state.

Bitcoin allows you to plan for the future without the fear that your hard-earned wealth will melt away because of the whims of some faceless banker in a smoke-filled room somewhere. Bitcoin takes away that power once and for all.

Unions on a Bitcoin standard would still be needed to ensure worker rights are fought for and protected. Unions would no longer have to negotiate pay as vigorously as they have in the past because inflation would no longer be the scourge eating up union member wages.

With deflationary money, goods and services will get cheaper, not more expensive. Quality of life would increase dramatically along with good benefits. Workers will demand to be paid in sats once the wider public recognizes this fundamental truth.

Help return the power to the people by adopting a Bitcoin standard in your life. Lead by example and watch as others follow your lead.

This is a guest post by Robert Hall. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

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Bitcoin Gives Power Back To The People - Bitcoin Magazine

Trezor, the company behind one of the most popular crypto wallets, has teamed up with privacy project Wasabi to bring CoinJoin mixing to Bitcoin transactions on its hardware wallets.

The two projects confirmed the partnership via Twitter Monday. The idea is that users will be able to use CoinJoin on their Trezor devices for greater transaction privacy beginning next year.

CoinJoin is a coin mixer that groups Bitcoin transactions together to obscure their origins. Wasabi Wallet is a popular Bitcoin wallet made by software firm zkSNACKs that uses CoinJoin technology.

Trezor specializes in cold storagewallets that store cryptocurrency offline, the safest way to store digital assets.

Wasabi Wallet contributor Rafe told Decrypt that the goal is for Trezor Suite users to be able to send private coins directly from their hardware wallets.

"You will be able to join our zkSNACKs WabiSabi CoinJoin rounds with your hardware wallet in the Trezor Suite application," he said, explaining that WabiSabi is a new CoinJoin protocol.

"The reason why Trezor is integrating this is because this is the most advanced CoinJoin protocol out there by far," he said.

Karo Zagorus, who leads community and reputation management at zkSNACKs, added that the partnership was formed out of talks that began in 2019 and represented a phenomenal achievement.

zkSNACKs and those working on Wasabi Wallet say crypto privacy is more important than ever before. This is because, they claim, government surveillance is increasingand financial transactions eventually could be used to closely monitor what citizens do.

And they told Decrypt thats why they are working tirelessly on tools that make Bitcoin, the biggest digital asset, more private. Contrary to popular belief, Bitcoin is easily traceable and therefore not inherently anonymous.

Coin mixersand crypto privacy in generalhave been in the spotlight a lot since the U.S. government sanctioned Tornado Cash last month. The Treasury Department banned Americans from using the coin mixer, which allowed users to make private Ethereum transactions, because it claimed criminals had used it to launder dirty funds.

The crypto community erupted following the news, with Washington, D.C.-based crypto advocacy group Coin Center threatening to challenge the ban in court.

Stay on top of crypto news, get daily updates in your inbox.

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Trezor and Wasabi Join Forces To Make Bitcoin More Private - Decrypt

Bitcoin was launched in 2009 by Satoshi Nakamoto and was worth under $0.01 during inception. Only a handful of people invested in BTC as the crypto was deemed risky, compared to traditional investments. The ones who invested back then turned millionaires as Bitcoin skyrocketed in price every year reaching new milestones.

However, BTC is known for extreme volatility with price swings that can give investors the jitters. Hence, several mainstream media outlets have declared Bitcoin dead multiple times during price correction. This article will list the number of times the media has declared Bitcoin dead in the last 14 years.

Also Read: Australian Police roll out Bitcoin, Crypto-Crime unit

Data from 99Bitcoins show that leading mainstream media outlets have declared Bitcoin dead 461 times between 2009 to 2022. On average, outlets have declared BTC a dead coin approximately 36 times every year.

Also, now that the crypto markets are in bearish grips, Bitcoins obituary was declared 21 times in 2022 alone. The data was taken from January to September 6, 2022. Even during the bull run last year where Bitcoin reached an all-time high of $69,044, its obituary was published 47 times in 2021 alone.

Bitcoin being declared dead has occurred both during the bull run and the bear markets. Data from Twitter handle Jackis showcase that each time Bitcoins obituary is written, the crypto has briefly spiked in price.

Also Read: Investors reap 22% gains as Bitcoin tumbles: Heres how

Google searches for Will Bitcoin crash to $0 spiked in May 2022 after TerraUST and Luna plummeted to $0. Read here to know more if Bitcoin can fall to $0 in our lifetime.

At press time, Bitcoin was trading at $19,970 and is up 1% in the 24 hours day trade. The king crypto is down 71.1% from its all-time high of $69,044, which it reached in November last year.

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Here's How Many Times Bitcoin was Declared 'Dead' Since its Inception - Watcher Guru

A crypto winter is here but it's going to be a "warm winter," according to one crypto bull.

Bitcoin may have fallen by more than half from record levels, but "there's so much more than that," said Edith Yeung, a general partner at Race Capital.

"In some sense, the 'warm winter' is basically going to push out everybody who really [wants to be] there for short-term gain," she told CNBC's Street Signs Asia last week, highlighting that cryptocurrency is a long-term play.

The term crypto winter refers to a prolonged period of depressed digital coin prices in the market.

Cryptocurrencies have lost around $1.9 trillion in value since the height of a massive rally in 2021.

Bitcoin, the world's biggest digital coin, is about 68% off its all-time high of nearly $69,000 in November.

Yeung said she remains bullish long-term on digital tokens because its appeal lies in the fact that "crypto is really about Web3."

Web3 has become a buzzword among those in the crypto industry. Proponents say it's the next generation of the internet, one that is "decentralized" and not owned by a few big technology giants.

Advocates suggest that crypto and blockchain technology could be a big part of that. For example, a Web3 service may run on a particular blockchain such as ethereum or solana. Users may be required to hold tokens associated with those blockchains in order to use a particular service or even have ownership in that app or company.

"I think there's a whole generation of internet [users who] really believe that 'you cannot monetize my data anymore ... the internet should be owned by us,'" Yeung told CNBC.

"That's why there's such a push with crypto because the ownership of ethereum or solana is really the user owning that piece of token, which is only a piece of that internet."

Even though Yeung suggested it would be a "warm winter" for the crypto market, the troubles for the industry have so far been unprecedented.

The nearly $2 trillion plunge in the value of cryptocurrencies was sparked by the sudden collapse of an algorithmic stablecoin called terraUSD which saw its sister token luna become worthless. Several crypto firms, including the now-bankrupt hedge fund Three Arrows Capital, had a large exposure to terraUSD.

Meanwhile, lending firms like Celsius, which took on risky trading bets, faced liquidity issues and also filed for bankruptcy.

These issues have led to contagion across the cryptocurrency industry.

James Butterfill, head of research at CoinShares, is one skeptic of the term "warm winter." The crypto winter has been "brutal," he said, citing the fall of Three Arrows and the drastic drop in bitcoin prices.

"Bitcoin prices have fallen by 74% peak to trough at one point this closely matches the 83% decline seen in 2018 and must be taken in the context that the market is significantly bigger and has a much broader investor base now than it had back in 2018," Butterfill told CNBC in an email on Monday.

The biggest challenge right now for crypto lies in the uncertainty surrounding the Fed's monetary policy and if the central bank will slow the pace of interest rate hikes, said Yuya Hasegawa, crypto market analyst at Japanese crypto exchange Bitbank.

Markets are anticipating Federal Reserve Chair Jerome Powell's speech on the Fed's next policy move at the Jackson Hole summit on Friday. Any slowdown in the pace of rate hikes could be positive for crypto markets, Hasegawa said.

"I think the Fed will gradually have to face and address some signs of economic slowdown soon, so my mid-term outlook is somewhat optimistic," Hasegawa said.

Meanwhile, Butterfill pointed out that predicting the Fed is challenging as the economic picture remains mixed.

"A move to become less hawkish could be very supportive of Bitcoin prices. As hawkish Fed policy initiated this bear market in December/January, so could a dovish stance prompt it to break out of its $20,000$25,000 trading range," he said.

Ether, the world's second-largest cryptocurrency after bitcoin, is thetokennative to theethereum blockchain. Sol is the native cryptocurrency of solana, a public blockchain that supports decentralized finance apps that aim torecreate traditional financial systems, like banks and exchanges.

Asked if ethereum has stronger underlying fundamentals than bitcoin, Yeung from Race Capital said the two cryptocurrencies are "very different."

"Bitcoin is a digital gold," she pointed out, saying that ethereum and solana are similar to "decentralized cloud services" where applications are built on the blockchain network but run by "many, many people."

Ethereum and solana are blockchains that position themselves as a platform developers can build apps on top of. Bitcoin meanwhile was set up to be a payments service and so is different to Ethereum and Solana.

Ether has so far massively outperformed bitcoin since both digital coins bottomed in June due to a highly-anticipated ethereum network upgrade.

CNBC's Arjun Kharpal contributed to this report.

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Bitcoin has crashed 68% from its peak but one bull says the latest crypto winter is a 'warm winter' - CNBC