New Zealand’s Monetary Past, Pūtea and Future – Bitcoin Magazine

Currently, there is global attention focused around the evolution of money. The trend of exponentially evolving technology is disrupting finance and governance is impacting all corners of the world.  In my home country of Aotearoa, aka New Zealand, the movement toward future money is palpable, from statements by the central bank (RBNZ) about re-evaluating money itself, to a movement toward Māori (indigenous) economic self-governance (tino rangatiratanga). This article is about the future of money from a sovereign perspective. My aim is to show that New Zealand is not built on…

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Coinflex Launches Noncustodial Interest-Bearing Stablecoin on BCH and ETH Networks

The cryptocurrency exchange Coinflex has announced the launch of a unique interest-bearing stablecoin called Flexusd. The new stablecoin is considered to be the first dollar-backed crypto that pays interest at the base level. Moreover, the new token is built on the Ethereum blockchain and the Bitcoin Cash network as well by leveraging the Simple Ledger Protocol. The digital currency trading platform Coinflex has revealed the creation of a new stablecoin token that bears interest. A stablecoin is a cryptocurrency that is tied to the price of a fiat currency and…

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Bitcoin rally set to continue after BTC whales build buy walls near $17.2K

According to analysis from Edward Morra, a popular Bitcoin trader, Coinbase and Bitfinex exchange now have major buy orders above $17,200. The emergence of major buy walls is important because on Nov. 18, BTC flash crashed to around $17,222. This shows that whales are using large buy orders to defend the $17,200 support area with strength. Bitcoin buy wall on Bitfinex. Source: Edward Morra, TradingLite How strong is the $17K support?  Both whale clusters and exchange order books show that the $17,000 level is turning into a major support area.…

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Blockchain’s Role in Empowering Survivors – Cointelegraph Magazine

On a typically brisk winter evening in Saket, South Delhi, Jyoti Singh and a male friend enjoyed a trip to the movies to watch Ang Lee’s Life of Pi.  Heading home afterwards they waited at a bus stop, and then boarded a private bus bound for Dwarka at around 9.30pm. But Jyoti didn’t make it home. Six men brutally gang-raped and tortured her while her friend was beaten. On December 29 2012, after fighting for her life for 13 days, Jyoti Singh died. The savage murder of this young woman…

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Digital Euro, CBDCs and Bitcoin – Bitcoin Magazine

Listen To The Episode: This episode of Bitcoin Magazine’s Fed Watch is a cosmic ride though the broad topics of money, central banks, and bitcoin. My co-host Christian Keroles and I started by extending the analogy of a financial hurricane, which I spoke about in another recent podcast. Many people point to certain asset price rises as a sign of inflation, however, I argued that it is a natural evolution of prices due to the malfunctioning financial system. This malfunctioning financial system acts similarly to a physical natural disaster by…

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OCC’s Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away

Bitcoiners on social media have panned remarks by acting U.S. currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power. The bitcoiners argue that the disproportionate number of miners stationed in China only means the corresponding block rewards will reflect this imbalance. They add that no country owns bitcoin. Controlling Internet 2.0 According to Brooks, who has been tapped as the substantive director of the Office of the Comptroller of Currency (OCC), bitcoin miners in China possess more than…

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What Ray Dalio Gets Wrong About Bitcoin – Bitcoin Magazine

Famous investor and hedge fund manager Ray Dalio recently tweeted out a thread listing the three biggest sticking points preventing him from jumping on the Bitcoin bull train.  I might be missing something about Bitcoin so I’d love to be corrected. My problems with Bitcoin being an effective currency are simple… (1/5) — Ray Dalio (@RayDalio) November 17, 2020 Although myths about Bitcoin like these have been continuously debunked, clearly there’s more work to be done in dispelling misunderstandings like Dalio’s. So let’s do that here — for Ray, and…

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You get hacked, they get hacked, everyone gets hacked, Nov. 11-18

If people actually used insurance against hacks, this week would definitely have bankrupted a great many insurers. A total of four flash loan-enabled exploits were registered in the span of one week (one of them actually happened the week before, but nobody noticed until later). We have, in order, Cheese Bank with a $3.3-million theft, Akropolis with its $2-million loss, Value DeFi with a whopping $6-million exploit, and finally Origin Protocol’s loss of $7 million. In total the hackers stole $18.3 million, which admittedly is not that much — less…

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Join BlockShow, part of the FinTech Festival backed by Monetary Authority of Singapore

BlockShow has unveiled the speakers for the upcoming cryptocurrency-related event taking place in Singapore in December. As previously announced, the Singapore FinTech Festival, or SFF 2020, is organized in partnership with the Monetary Authority of Singapore, the country’s major financial regulator and de facto central bank. The hybrid online and physical event will run from Dec. 7–11, 2020. The upcoming conference will broadcast panel discussions on two channels, the so-called “Green Shoots” and the “Global Channel.” As part of the Global Channel, SFF 2020 speakers will discuss a range of topics…

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Cynthia Lummis Is Bringing Bitcoin To The U.S. Senate – Bitcoin Magazine

On November 3, 2020, the Associated Press declared Cynthia Lummis the winner of an open U.S. Senate seat for Wyoming, making her the first woman to ever represent the state in the upper chamber. But this wasn’t the only first marked by her historic win. As she’s emphasized in recent interviews with GMA3, Fox News and now, Bitcoin Magazine, Lummis is the most outspoken Bitcoin advocate to ever rise to elected office on The Hill. “I want to help other members of the U.S. Senate understand Bitcoin,” Lummis said when…

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