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Three Republican senators, Tom Cotton, Mike Braun, and Marco Rubio, introduced a bill on Wednesday to prevent platforms from hosting apps that enable transactions in China's digital yuan. The lawmakers cited concerns that the technology could be used to spy on US residents. The bill titled "Defending Americans from Authoritarian Digital Currencies Act" intends to ban the use of China's digital currency payment system, e-CNY, for app stores and other uses in the United States. Senator Cotton, a known proponent of the U.S. digital dollar project, stated “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can…
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The money goes to whoever the bank wants to give it to. What a splendid system we have set up that surely cannot result in inequality. "But Bitcoin Is tOO hArd to UNderStAnD and Is bAseD on nOtHing!!"
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Law enforcement making a human barricade as family members wail, scream and hurl profanities as the gunman is inside the school, murdering fourth-graders, and no one has followed him in yet. TheSe cOloRs Don'T RuN (into buildings while children are getting shot) instead They protected the shooter from the parents And evidently it's legal as the Supreme Court already ruled that police don't have a duty to protect citizens unfortunately...https://mises.org/power-market/police-have-no-duty-protect-you-federal-court-affirms-yet-again
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https://docs.google.com/spreadsheets/d/1o8F8HsF9OyAhTncp5PthtTD2RzWI4RBEyV3pOnfh9W8/edit?usp=sharing The numbers you see in the template are just examples, feel free to update them in your own copy as you please.
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El Salvador could be the catalyst for the most audacious economic experiment since Bretton Woods. On September 7th 2021, they became the first country in the world to make the nascent digital currency, Bitcoin, legal tender. If other countries follow, it could lead to a new international monetary system. How did this come to pass? And what does it mean for Salvadorians? A beach and a palace bookend Bitcoin's story in El Salvador, and my film starts in the coastal resort of El Zonte, aka Bitcoin Beach, where I visit Michael Peterson, a US charity worker who developed this unique Bitcoin community. Most Salvadorians in El Zonte are unbanked, yet, with Bitcoin Beach, th…
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Former lead of Facebook's shitcoin project launches lightning project
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texas pacific land corp announces bitcoin mining venture
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As a part of its goal to accumulate $10 billion in Bitcoin to back algorithmic stablecoin U.S. Terra (UST), the Luna Foundation Guard (a non-profit managing the reserves for the UST stablecoin) disclosed yesterday that it has purchased 37,863 BTC worth nearly $1.5 billion. LFG now holds roughly a total of $3.5 billion worth of BTC in its reserves, making it the 7th largest BTC holder. LFG acquired the BTC via over-the-counter swaps with Genesis Trading and Three Arrows Capital. Of the $1.5 billion, $1 billion was an OTC swap with Genesis while the other $500 million was acquired from Three Arrows Capital. https://cointelegraph.com/news/luna-foundation-guard-purc…
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financial leaders of 44 countries meet in El Salvador to discuss bitcoin
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The Oslo Freedom Forum is this week, activists from around the world will be sharing their stories and learning about bitcoin, consider watching the livestream if you cannot make it.
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EU wants to scan all your private messages
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coincorner releases Bolt Card, a lightning payment card
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John-Henry takes a few minutes to explain why Yuval Noah Harari, a professor who works with the World Economic Forum, uses the terms "useless people" and "useless class" in public discourse so frequently.
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https://cairnsnews.org/2022/04/09/who-ihr-treaty-will-override-constitutions-of-australia-and-america/
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I expect most people here don't know, but back in March, the 9th circuit reversed Wit v UBH for, basically, no reason. All the law blogs were croggled: the decision of the court was both very short and just made no sense. What's Wit vs UBH? A really important decision about a law suit against a health insurance company under a federal law called ERISA. ERISA is a consumer protection law that says if a company takes your money to provide you a financial service, they can't take advantage of the fact they have your money hostage to fleece you. It asserts the company has what's called a "fiduciary duty" – they have to behave in a trustworthy manner and do what they said…
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Interesting indeed
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According to a statement issued by State Department spokesperson Ned Price on Friday, the United States is offering up to $15 million in rewards for information on the Russian-based Conti ransomware operation. Any information that leads to the identification or location of the Conti group's leaders might reward you up to $10 million. In addition, any information leading to the arrest of anybody conspiring with the Conti group will be awarded $5 million. The FBI estimates that more than 1,000 victims have paid the Conti group more than $150 million in ransomware payments, making its ransomware variant the most expensive ever documented. Just last month, the group…
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On Friday, a Federal Judge dismissed former President Donald Trump's case against Twitter, which sought to revoke his permanent suspension from the social media giant which had recently accepted Elon Musk’s (aka the Dogefather) offer of $44 billion offer to buy Twitter. Mr Trump’s contentions which rested on his right to free speech under the first amendment were shot down by the judge who stated that it only applied to “governmental abridgements of speech, and not to alleged abridgements by private companies.” Ironically, Mr Trump had declared just two weeks ago that he would not be coming back to the platform even if Mr Musk lifted the ban. https://www.th…
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Binance has reportedly stopped offering its crypto derivatives services in Spain as it awaits approval from the Spanish regulator, Comisión Nacional del Mercado de Valores (CNMV). Binance’s official Spain website has removed the derivatives option from its interface by removing the drop-down menu. However, the URLs for derivative services in Spain, including futures, battle, and derivative portal, are still active, according to Cointelegraph. According to a local report, Binance would reintroduce the derivatives option only after gaining regulatory approval from the Bank of Spain in the form of a guarantee certificate (BdE). https://cointelegraph.com/news/b…
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Sony Electronics has partnered with Theta Labs to launch nonfungible tokens (NFTs) that can be viewed in mixed reality through Sony's Spatial Reality Display, a display that allows individuals to experience things in 3D without the use of typical 3D peripherals. The Spatial Reality Display follows the viewer's eye movement and modifies the display accordingly, providing a 3D viewing experience. Sony and Theta will be releasing an NFT called The Tiki Guy which is a 3D Tiki Mask. There will only be ten of these NFTs produced. While the NFT drop is designed for 3D viewing, 2D versions will be available as well. According to Nick Colsey, a Sony Electronics executive…
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The Securities and Exchange Commission (SEC) has reached a $5.5 million settlement with NVIDIA over the company’s alleged failure to disclose that crypto mining was a significant contributor to its 2018 revenue. The company also agreed to a cease-and-desist order based on violations of the Securities Act of 1933 and the Securities Exchange Act of 1934's disclosure requirements. According to the SEC, throughout the fiscal year 2018, the company failed to disclose that crypto mining was the primary driver of sales of its graphics processing units (GPUs) advertised and developed for gaming. The SEC stated, “NVIDIA’s omissions of material information about the …
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According to CNBC, Google is forming a web3 team that will build back-end services for developers operating blockchain applications. Amit Zavery, Vice President of Google Cloud, reportedly informed his team in an email on Friday that the goal is to make the Google Cloud platform the first choice for Web3 developers while not being involved in the cryptocurrency wave directly. His email as reported by CNBC read, “While the world is still early in its embrace of Web3, it is a market that is already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and Crypto-related technologies.” https://www.theblockcrypt…
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Julian Holguin, former executive at Billboard, was announced as the new CEO of Doodles. ‘Doodles’ is the popular community and PFP collection of 10,000 NFTs on Ethereum. According to the tweet, “Julian will work alongside the founders to expand Doodles IP throughout music, gaming, and entertainment, while deeply integrating culture into the product. In the coming weeks, we will introduce you to the next phase of Doodles — groundbreaking projects, transformative partnerships and a full reveal of our vision & roadmap.” Holguin has previously worked at Billboard for ten years, serving as vice president of brand partnerships, senior vice president of revenu…
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Blender.io, a crypto mixer, has been added to the US Office of Foreign Assets Control's list of businesses sanctioned for interacting with the North Korean-backed hacker group involved in Axie Infinity's Ronin Bridge attack. According to the official press release, North Koreans allegedly used Blender.io to process $20.5 million of the nearly $620 million taken. According to the report, Blender.io has handled the movement of almost $500 million in Bitcoin since its launch five years ago. Blender.io has also allowed money-laundering operations for the Russia-affiliated ransomware gang Conti. This follows widespread concern over the cryptocurrency industry's role …
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