How The Federal Government Showed Me The Importance Of Bitcoin
The government’s overreach in taking my website was a hands-on experience that taught me why Bitcoin was necessary.Jason Harris is a world-class American glass artist and founder of Jerome Baker Designs, a leading functional glass company founded in 2003 and based in Las Vegas, Nevada. The feds seized my website JeromeBaker.com during Operation Pipe Dreams, which was a federal effort to bring those of us selling bongs and pipes across state lines to justice. It was 2003. There were not a lot of website seizures going on. The internet didn’t really start in earnest until 1996. There....
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While, as we reported yesterday, the Federal Advisory Council (FAC) and Federal Reserve seem to have some positive things to say about Bitcoin, other branches of the government apparently hold a different opinion. While the FAC understands that Bitcoin's use in illegal activity is no different than how cash or other forms of currency, the Federal Bureau of Investigations (FBI) are looking into several Bitcoin exchanges for an alleged connection to the now defunct Silk Road underground trading forum. According to the Wall Street Journal, the FBI and federal prosecutors are investigating the....
The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. Fed Raises Federal Funds Rate by 75bps anticipates ‘Ongoing Increases’ On September 21, 2022, the U.S. central bank and Fed chair Jerome Powell increased the benchmark bank rate by 75 basis points (bps). The Fed’s federal funds rate is now coasting along at 3.25%. The decision follows the recent CPI....
Germany recognizes the importance of blockchain, but how did it act in 2020, and what effect will this have on its blockchain ecosystem? Germany has a very diverse, active blockchain ecosystem of companies and enthusiasts, especially in the city of Berlin. And an important step in the development of this ecosystem has been taken by the federal government itself, which tries to preserve and promote the vibrant blockchain ecosystem to continue its growth and make Germany an attractive opportunity for investment in this field.Comprehensive, sound regulationTo further this goal, the German....
Zanzibar is keen on getting stakeholders’ views on the viability of adopting digital currencies before a final decision is made, a government minister has said. The Importance of Getting the Views of Stakeholders In his remarks during an interview with The Citizen, Mudrick Soraga, who is the Minister of State, revealed his government is planning to meet stakeholders in the third week of November. Soraga also explained why such a meeting is necessary. He said: We are seeking views on the matter before deciding whether it is viable or not. You cannot make such a decision without....