Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency
Jan09

Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency

As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised. After all, if governments like Qatar’s can ban it, and international banking laws like AMLD5 can push bitcoin-friendly companies out of business, how is Satoshi’s revolutionary P2P cash to survive...

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Bitcoin History Part 23: The First BTC Escrow
Jan09

Bitcoin History Part 23: The First BTC Escrow

Before the emergence of crypto exchanges and trustless multi-sig, early bitcoiners saw the need for an escrow service – a mediator to act as a go-between for strangers transacting online. Given the panoply of options now available, it is strange to think that escrow was once provided by a few early supporters, who put their reputation on the line to give buyer and seller the protection they desired. So, how did the first bitcoin...

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Federal Reserve Considers Creating a Separate Entity for Cash Injections
Jan09

Federal Reserve Considers Creating a Separate Entity for Cash Injections

While American President Donald Trump wages war with Iran, the U.S. Federal Reserve has continued to inject fresh capital into the hands of private banks by giving them $100 billion in overnight and 14-day repos on Tuesday. The same day, Rabobank strategist Philip Marey predicted the central bank will reduce interest rates to zero in 2020. Additionally, former Fed researchers believe the central bank needs to create a “standing...

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Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas
Jan09

Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas

The city of Rockdale, Texas is attracting attention again, similar to the interest the region saw back in the fifties when the Alcoa aluminum smelting facility set up shop. These days, Rockdale’s change is due to the influx of bitcoin miners coming to town from all around the world. A Frankfurt-based operation called Whinstone Inc., recently revealed plans to build a 100-acre mining facility in Rockdale, and so far the plant has...

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Binance Donates $1 Million in Crypto for Australian Bushfire Relief
Jan09

Binance Donates $1 Million in Crypto for Australian Bushfire Relief

The cryptocurrency community is again showing its commitment to support charitable goals around the world. Binance, the most active international digital asset exchange, has donated $1 million to help with Australian fire relief efforts and invites the community to join the initiative. The recent bushfire season is considered to be the worst in living memory, causing billions in damages. Also Read: Save the Children Now Accepts...

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