(Joe Hoft) People are reportedly lining up for hours in China to obtain money from their bank accounts in China. The large cities of Henan, Shanghai, and Dandong are three cities where the lines are long.
bitcoin
Bitcoin Is Becoming The Currency Of Freedom For Those Living In Tyrannical Nations
(Natalia Mittelstadt) “Bitcoin is a tool for freedom, for development, for folks like us, who are suffering from dictators, from tyrannical leaders,” Fadi Elsalameen says.
Bitcoin Crumbles, Crypto Falls, Another Sign Of The Emerging Recession
(Michael Robison) Bitcoin fell again on Wednesday to yet another 18-month low, spurring a sharp drop in crypto markets, made even worse by crypto lending giant Celsius freezing all customer withdrawals.
QuantumCast: Blockchain Developer Says Bitcoin Is Going To ZERO, But Not Why You Think
QuantumCast: Blockchain Developer Says Bitcoin Is Going To ZERO, But Not Why You Think
Crypto Spikes As Mexican Billionaire Says Bitcoin Is A “Better Option Than Fiat Money”
(Activist Post) Cryptos are on the rise this morning following the better than expected payrolls print, following comments from Mexico’s third richest man, Ricardo Salinas, who said bitcoin is a better option than fiat money, noting that the cryptocurrency is unseizable and can be transferred instantly worldwide, contrary to fiat and the gold standard.
Hundreds of Salvadorians Say Bitcoin Has Vanished From Their Government-Issued Centralized “Chivo” Wallets
(Ethan Huff) It is being reported that hundreds of people in El Salvador are unable to access Bitcoin in their centralized, government-issued “Chivo” Wallets.
Three Easy Pieces For Xmas: How To Teach Your Grandmother Bitcoin
(Zero Hedge) A defining feature of the Digital Era has been the rise of digital entities of incredible complexity, which manage to maintain such simplicity that your grandmother can use them.
What Will Happen to the Banking System if (or when) Doomsday Arrives?
(Cornelia Adams) The last few years have been pretty damned frightening. Obviously, it was the COVID-19 pandemic that grabbed the big headlines, and while it did shake us all up for a while I’m almost grateful for it. Why? Well, it almost made us forget about the flurry of extreme weather events we have seen in the last few years, the precarious state of western democracy, the risks to the banking system, and the rising likelihood of a third World War within the next decade.
The IMF Hates Bitcoin Because It Loves Total Control
(Zero Hedge) The IMF hates Bitcoin because its decentralized protocol and programmatic monetary policy defies the control the fund wants to implement on us all.
Worldcoin Offers Free Crypto To Scan Your Eyeballs
(Tyler Durden) What’s the best way to build a biometric database? Well, you can steal fingerprints, faces, irises, and voice scans of millions of Americans, like US intelligence agencies, have done, or you can go the more ethical route and give people free cryptocurrency for their unique biometric data.
Why The West Can’t Ban Bitcoin The Way China Did
(Mark Jeftovic) Only a complete “dictatorship of the proletariat” can kill Bitcoin. Evergrande is being called China’s “Lehman moment” and overnight the PBC closed the loop on their clampdown on crypto with a total ban on virtual currency transactions.
China’s Central Bank Bans All Cryptocurrency Transactions
(Arsenio Toledo) China’s central bank has banned all cryptocurrency transactions in the communist nation.
El Salvador Becomes First Country To Officially Accept Bitcoin As Legal Tender
(Zero Hedge) El Salvador, whose economy last year suffered its deepest crash in four decades, became the first country to adopt bitcoin as legal tender on Tuesday, a real-world experiment proponents say will lower commission costs for billions of dollars sent from abroad and which could spark widespread adoption among challenged, developing countries suffering from rampant inflation, but which critics warned may fuel money laundering.The revolutionary monetary change – first previewed here in June – means businesses should accept payment in bitcoin alongside the US dollar, which has been El Salvador’s official currency since 2001 and will remain legal tender.
Crypto: The Bitcoin Lightning Strike
(CryptoCorner) Lightning: Bitcoin’s Second Layer. When Bitcoin arrived in January of 2009, one of the first criticisms was that it was too slow. It takes about an hour for a transaction to finalize on the network.* It was also criticized because the block size limited the number of Bitcoin transactions meaning that Bitcoin couldn’t compete with Visa and MasterCard.** This all changed with the adoption of the Bitcoin Lightning Network. The base layer—the Bitcoin blockchain—is great for final settlement of large transactions; however, with an hour wait time for a transaction, it’s terrible for buying a cup of coffee.
Crypto: Why Cryptocurrency? Why Bitcoin?
(CryptoCorner) Some of them are scams. A few have stood the test of time. A couple have demonstrated novel innovation. And all of them are complicated. Let’s simplify all of that and look at how you might use one of them in your daily life.