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Keyword: bitcoin

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  • Fedcoin: pie in the sky

    07/13/2018 7:53:10 AM PDT · by Sean_Anthony · 20 replies
    Canada Free Press ^ | 07/13/18 | Charles Wills
    The advantages of cash far outweigh any advantages of a cyber currency. It's for all these reasons that Americans should reject Fedcoin During the Obama administration, Marxists came up with the idea of creating Fedcoin to replace physical money altogether. The idea was to create a new cyber currency like Bitcoin but controlled by the Fed. In 2016, there was an article in Moneywise titled, U.S. Government Awards $7 Billion to Develop New Fedcoin, and it stated: “At this year’s ‘World Economic Forum’ in Davos, Switzerland, Nobel Prize-winning economist Joseph Stiglitz declared that the U.S. “could and should move to...
  • DOJ Russian Indictments; BITCOIN; GUCCIFER 2.0; FUSION GPS: Imran Awan; and Servers.

    07/18/2018 5:30:39 AM PDT · by Yosemitest · 20 replies
    Many Sources | July 18, 20148
    This is a summary from many sources, the first of which is the full text of Robert Mueller III's Inditement of July 13, 2018. (I won't quote that Inditement here, but you should take the time to read it, so as to get an understanding of the transcript below.) Most important is HOW those 12 Russian Agents were identified, and how that evidence was obtained. Also in question is, "Does the United States actually have the ability to track all of this evidence; or is it just built upon fiction and is unprovable ?" And IF the evidence is...
  • The Bitcoin Standard: The Decentralized Alternative to Central Banking

    07/15/2018 1:24:17 PM PDT · by OddLane · 81 replies
    The Tom Woods Show ^ | June 4, 2018 | Thomas E. Woods
    No wonder my listeners demanded this episode. Saifedean Ammous takes an economic perspective informed by the Austrian School and applies it to Bitcoin and why it matters. He discusses the various roles Bitcoin can play, and parries common objections. (We also take an animated detour into the BCH/BTC discussion, for those of you interested.)
  • How San Francisco's Fastest Growing Blockchain Marketing Firm Is Going Big On Sports

    06/15/2018 4:46:08 PM PDT · by 2ndDivisionVet · 4 replies
    Forbes ^ | June 15, 2018 | Darren Heitner
    In San Francisco Bay area, anyone can be considered a unicorn. Just look at the Golden State Warriors’ past few seasons. It was not long ago a franchise that was once criticized for taking (now NBA All-Star) Steph Curry and largely defined as underdogs. However, not only were the Warriors innovative in their approach to rebuild, but the organization put up the numbers and earned the championships to prove it, and when it comes to Silicon Valley and finding use for blockchain, only a few companies have been able to truly succeed in establishing a solid footing. While we hear...
  • Stephen Bannon Buys Into Bitcoin

    06/15/2018 8:22:19 AM PDT · by oblomov · 57 replies
    NYT ^ | 14 June 2018 | Jeremy W. Peters and Nathaniel Popper
    WASHINGTON — Stephen K. Bannon, 10 months removed from the job of chief strategist to President Trump and five months after his ouster from the arch-conservative news site Breitbart News, is betting that Bitcoin and other cryptocurrencies can disrupt banking the way Mr. Trump disrupted American politics. Mr. Bannon won’t reveal very much about his cryptocurrency plans — he worries that the controversy that comes with his name could have a bad impact on projects just getting off the ground. But he has had private meetings with cryptocurrency investors and hedge funds where he has discussed working on so-called initial...
  • Bitcoin Might Be No More by 2020 If Its Power Consumption Is Not Dealt With

    06/14/2018 7:42:24 AM PDT · by 2ndDivisionVet · 28 replies
    The Christian Post ^ | May 20, 2018 | Janna Dela Cruz
    Bitcoin could be the money of the future — unless it continues to operate in the same way that it currently does. A new study authored by economist and data consultant Alex de Vries has painted a horrifying picture of a few months from now with the cryptocurrency growing as rapidly as it does at the moment. As per the research, keeping the Bitcoin business up and running by the end of this year would mean using 7.67 gigawatts of power, which is one two-hundredth of all the electricity used on the planet. In its current form, the Bitcoin network...
  • Bitcoin swoons 10% after news of South Korea crypto exchange hack....broad cryptocurrency selloff

    06/10/2018 7:29:27 PM PDT · by BenLurkin · 13 replies
    cnbc ^ | 06/10/2018 | Evelyn Chang
    Other major cryptocurrencies also fell. Ethereum dropped 14 percent to near $514 and litecoin fell more than 11 percent to around $104, according to CoinDesk. The declines followed a report on Friday from The Wall Street Journal, citing sources, that U.S. regulators are investigating potential price manipulation at four major cryptocurrency exchanges: Bitstamp, Coinbase, itBit and Kraken. The exchanges, CME and the Commodity Futures Trading Commission did not immediately respond to a CNBC request for comment on Sunday evening.
  • South Korea's Richest 2018: The Tycoons Going Crazy For Crypto

    06/06/2018 5:57:32 PM PDT · by 2ndDivisionVet · 2 replies
    Forbes ^ | The June 2018 Issue | Elaine Ramirez
    Last year was the year of cryptocurrency in South Korea. Bitcoin, ethereum and other digital currencies took the country by storm, some nine years after the world's first bitcoin was mined. When we compiled our list of South Korea's richest last spring, cryptocurrency holdings were not on our radar. But in researching our new list, it turns out that seven members have been busy investing in crypto. In February Forbes ranked another Korean, Song Chi-Hyung, at No. 19 among the world's biggest fortunes based entirely on crypto, but he fell short in making the country's top 50 in overall wealth....
  • Why South Korea's Gaming Giants Are Storming Into Cryptocurrencies

    05/30/2018 9:50:15 AM PDT · by 2ndDivisionVet · 2 replies
    Forbes ^ | May 30, 2018 | Elaine Ramirez
    When South Korea rode the cryptocurrency wave in 2017 to become one of the world's largest markets for Ether and Bitcoin, it was clear the craze was here to stay. The countryÂ’s leading companies and even the government threw their investments behind blockchain, the technology underlying digital tokens that promised to revolutionize everything from information distribution to logistics processes. The countryÂ’s tech and gaming leaders like Nexon, Smilegate, Netmarble and NHN Entertainment took a special liking to the technology, pinning hopes on blockchain to create new business models for their companies in one of the world's fiercest gaming markets. Nexon...
  • Bitcoin Plummets On Price Manipulation Investigation

    05/24/2018 7:13:03 AM PDT · by bananaman22 · 19 replies
    Safehaven.com ^ | 24-05-2018 | Kern
    Reports that the U.S. Department of Justice (DoJ) has launched a criminal probe into potential illegal manipulation of cryptocurrency prices has seen bitcoin lose 3 percent this morning, down to just over $7,300 in the early morning hours. The DoJ, as reported by Bloomberg, is investigating illegal tactics of traders, including the issuing of fake orders for cryptocurrencies, causing their prices to go up and down artificially. In cooperation with the Commodity Futures Trading Commission (CFTC), the DoJ is specifically probing what is commonly known in the trading world as “spoofing” and “washing”.
  • Venezuela election: Maduro wins second term amid claims of vote rigging

    05/20/2018 8:21:18 PM PDT · by Nextrush · 34 replies
    BBC News ^ | 5/20/2018 | BBC
    Venezuela's electoral council says President Nicolas Maduro has won re-election, in a vote marred by an opposition boycott and claims of foul play. Early reports said turnout for the vote was unusually low-about 46% of the electorate. The main opposition candidate, Henri Falcon, rejected the result soon after the polls closed, calling it invalid....... Government officials said the polls were "free and fair" but most of the opposition boycotted the vote. The administration of the US President Donald Trump has said it will not recognize the results of the election. Posting on Twitter ahead of the vote, the US mission...
  • Doomed? Why Iran's Economic Mess Will Get Worse

    05/20/2018 1:37:48 AM PDT · by TigerLikesRooster · 22 replies
    The Baghdad Post ^ | May 19 2018 | Simon Constable
    Doomed? Why Iran's Economic Mess Will Get Worse Simon Constable The matter at hand is the decision earlier this month by the Trump administration not to certify the so-called nuclear deal, and that means Iran will soon be subject to harsh U.S. sanctions. Overall the result will be a squeezed economy. Current situation Even the latest official statistics for the Iranian economy don't look good. The unemployment rate stands at 11.9% and the inflation rate at 8.3%, according to TradingEconomics.com. However, at least some of the government figures may be more aspirational than actual. Take, for instance, the inflation rate....
  • Venezuela Enforces Fingerprint Registry to Buy Groceries:

    04/02/2014 5:56:12 PM PDT · by Kartographer · 99 replies
    SHTF Plan ^ | 4/2/14 | Daisy Luther
    What if you were forced to “register” in order to buy groceries? And what if, through that registration, the food you bought could be tracked and quantities could be limited? That’s exactly the plan in Venezuela right now. The AP reports that in an effort to crack down on “hoarding” that ID cards will be issued to families. These will have to be presented before foodstuffs can be purchased.
  • This Is The End: Venezuela Runs Out Of Money To Print New Money

    04/27/2016 5:29:50 PM PDT · by SeekAndFind · 54 replies
    Zero Hedge ^ | 04/27/2016 | Tyler Durden
    Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the "weekend" for public workers to 5 days...... we joked that it is unclear just where the country will find all the paper banknotes it needs for all its new physical currency. After all, central-bank data shows Venezuela more than doubled the supply of 100-, 50- and 2-bolivar notes in 2015 as it doubled monetary liquidity including bank deposits. Supply has grown even as Venezuela has fewer U.S. dollars to support new...
  • Venezuela Doesn't Have Enough Money to Pay for Its Money [Bloomberg Link Only]

    04/27/2016 10:12:27 AM PDT · by C19fan · 17 replies
    Bloomberg [Link Only] ^ | April 27, 2016 | Andrew Rosati
    here
  • Venezuela is shipping gold to pay debt

    02/25/2016 5:44:22 PM PST · by BenLurkin · 24 replies
    krcrtv ^ | 02/25/2016 | Patrick Gillespie
    Venezuela sent $1.3 billion worth of gold bars to Switzerland in mid-January, according to data from the Swiss Federal Customs Administration. That gold was shipped out just weeks before two big debt payments due this month, totaling $2.3 billion. On Friday alone, Venezuela has to pay bondholders $1.5 billion. Venezuela is running out of cash and many experts believe there's a high chance it will default by this fall when a string of big debt payments are due. "It's a question of when Venezuela will default, not if," says Russ Dallen, managing partner at LatInvest, a firm that invests in...
  • Biography of a Bernie Sanders Failed State

    05/14/2016 5:53:55 AM PDT · by Yashcheritsiy · 8 replies
    Renew America ^ | May 14, 2016 | Tim Dunkin
    If nations could have biographies, Venezuela's would read something like this: After a rocky adolescence, Vennie got his life straightened out, got an education, a good job, and lived a fairly comfortable life. However, in his dotage, he was suckered by a succession of con artists and blew through all his savings, ending his days penniless and bitter. That, in a nutshell, is pretty much what Hugo Chavez and his socialist caudillo successors have done to the country. By Latin American standards, Venezuela used to a prosperous and stable nation. Venezuela possesses one of the largest petroleum reserves in the...
  • Biography of a Bernie Sanders Failed State

    05/14/2016 10:29:08 AM PDT · by Sean_Anthony · 14 replies
    Canada Free Press ^ | 05/14/16 | Tim Dunkin
    Under Bernie Sanders, the United States of America would become a failed state such as Venezuela If nations could have biographies, Venezuela’s would read something like this: After a rocky adolescence, Vennie got his life straightened out, got an education, a good job, and lived a fairly comfortable life. However, in his dotage, he was suckered by a succession of con artists and blew through all his savings, ending his days penniless and bitter. That, in a nutshell, is pretty much what Hugo Chavez and his socialist caudillo successors have done to the country. By Latin American standards, Venezuela used...
  • Maduro announced 30 % wage increase

    05/02/2014 6:35:22 AM PDT · by Oldeconomybuyer · 30 replies
    Ecuador Times ^ | May 1, 2014
    The president of Venezuela, Nicolas Maduro, announced a 30% increase in the minimum wage and pensions to protect Venezuelan people from an inflation that reaches an annual rate of almost 60 %. “Now, on the occasion of May First, I have decided to increase the national minimum wage and pensions of 30 % to bring the salary and pension levels for a proper life demand of our people,” said the president in a meeting with union leaders in Caracas. Maduro blames for the rising prices of consumer products to an “economic war” of enemies of the socialist government, and often...
  • Venezuela's Maduro to raise minimum wage

    11/08/2014 8:21:50 AM PST · by Oldeconomybuyer · 23 replies
    BBC News ^ | November 4, 2014
    Venezuelan President Nicolas Maduro says he will increase the minimum wage by 15% starting in December. The raise, the third this year, comes amid an annual inflation rate of 63.4%. Mr Maduro said the measure and other benefits meant workers would be better off despite the inflation, which he blamed on an "economic war" the opposition were waging against him. Mr Maduro says Venezuela's economic problems are created by a greedy elite which lives off the profits of smuggling and selling goods at inflated prices.