One Step Closer To Municipal Bitcoin Permanent Funds
Fort Worth starting to mine bitcoin opens the door for more municipalities to put bitcoin mining proceeds into a permanent fund for future use.The below is a direct excerpt of Marty's Bent Issue #1198: “One step closer to bitcoin mining permanent funds” Sign up for the newsletter here. (Source) (Source) (Source) This is an encouraging sign, the city of Fort Worth, Texas has launched a pilot bitcoin mining project in their local City Hall. The pilot project may be small, with only three S9s that collectively produce $3.39 worth of USD denominated profit per day — assuming a cost of....
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After a few months of experimenting with bitcoin payments for municipal services, the City Council of ‘Crypto Valley’ Zug in Switzerland announced that the pilot program will become a permanent fixture with possible plans to expand. Bitcoin Payments a ‘Worthwhile Experiment’. Early May this year, Zug City Council decided to place bitcoin payment system on a pilot program to test the feasibility of bitcoin payments for municipal services. At current, the program has been used only by a dozen customers, allowing them to make train ticket payments with bitcoin up to 200 Swiss Francs’ worth.....
Ahead of its highly anticipated mainnet release, Switzerland-based privacy startup launched the Nym Sandbox testnet to serve as the permanent testnet alongside the recently launched Nova testnet. The Nym Sandbox is open to developers, node runners, and researchers who want to try out the Nym mixnet architecture before joining or deploying on the mainnet. The launch of the Sandbox testnet is a critical milestone in Nym’s development cycle of the three-step mainnet release. As part of the Nym Sandbox launch, the Nym development team has also released a critical “CosmWasm 1.0” upgrade to....
After a crippling hack, KuCoin looks to return to normalcy — but what's next for the troubled exchange? In the latest step towards full recovery after a devastating hack in September, Crypto exchange KuCoin announced today in a blog post that it has “restored the deposit and withdrawal services of all tokens.” The announcement follows a partial reopening that took place in October where users could move their BTC, ETH, and USDT off the exchange. This latest step opens withdrawals and deposits to all coins and tokens, though certain tokens may have withdrawal limits due to what the exchange....
As a number of Federal Reserve presidents have been criticized for their 2020 stock moves, Fed chairman Jerome Powell has been cast into the limelight for owning $1.5 million municipal bonds like the ones the U.S. central bank purchased in 2020 during the pandemic.
All Eyes Are On Jerome Powell’s Municipal Bond Portfolio
Three days ago, the topic of senior Federal Reserve members making multi-million-dollar stock deals in 2020 caused senator Elizabeth Warren to write a letter criticizing the bank member’s ethics, and chairman Jerome Powell said he would initiate an....
It looks like the Canadian pension fund either has a greater risk appetite, overtly optimistic or just doesn't care. I would prefer to think that it is the former two. Either way it is good for the crypto-industry. On a serious note - The Ontario Municipal Employees Retirement System which can be shortened into OMERS for good (to make it easier for writing purposes) is planning to invest in bitcoin and blockchain start-ups. OMERS is one of the largest municipal level pension funds in Canada which has its own venture arm called OMERS Ventures. OMERS Ventures has been active for over four....