Hello Humble Bitcoiners!
Get your coffee ready, and read oh! Things are getting more interesting by the hour. |
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| 📝 Today's Rundown Hacker Takedown: How federal authorities tracked down and seized more than 94,000 bitcoin allegedly stolen from Bitfinex. New Financial Order: The foundations of Bretton Woods II crumbled last week when the G7 seized Russia’s foreign exchange reserves. Conference Time: A chance to connect with those sharing the unifying principles of Bitcoin and Liberty. |
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How Law Enforcement Seized 94,000 Bitcoin Stolen From Bitfinex
By Namcios In August of 2016, the world's leading cryptocurrency exchange at the time, Bitfinex, was hacked and 119,756 bitcoin were stolen. Almost 6 years later, in February of this year, the U.S. Department of Justice announced that it managed to gain access to the wallet containing the stolen funds and had successfully seized the remaining 94,000 bitcoin.
But wait! Isn’t bitcoin unseizable?
The author of this article explains in an extraordinarily simple way how law enforcement, working with blockchain analytics firms, managed to identify the suspects and eventually confiscate the stolen bitcoin by exploiting their mistakes. Bitcoin is indeed unseizable if used correctly and privacy and self-custody of keys are crucial to keep it that way. Finally, he discusses what might happen to the recovered bitcoin. |
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Credit Suisse: Ensuing New Financial Order Will Benefit Bitcoin
By Namcios It seems we are indeed in unprecedented times and extreme measures are being taken. In a report from Credit Suisse, Zoltan Pozsar, global head of short-term interest rate strategy, explains his view of the current geopolitical situation and how the Western sanctions on Russia are likely to cause a paradigm shift in the way the world organizes money and reserves — a "Bretton Woods III" kind of scenario.
The evidence the author presents as the fall of the Bretton Woods II era includes the recent transpiring of G7 countries seizing Russia's foreign exchange reserves, leading to a rise of outside money directly fighting off inside money. Or as this scenario depicts — the rise of commodities against reserves of global financial institutions.
“When this crisis (and war) is over, the U.S. dollar should be much weaker and, on the flipside, the renminbi much stronger, backed by a basket of commodities. After this war is over, ‘money’ will never be the same again…and Bitcoin (if it still exists then) will probably benefit from all this.” - Zoltan Pozar, global head of short term interest rate strategy at Credit Suisse.
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1. Thailand's cabinet approved tax relief for bitcoin and cryptocurrency investors giving a value-added-tax and loss-harvesting tools to offset taxes.
2. NYDIG’s February report highlights how Ukrainian military support continues its influx by the millions as Russian bitcoin transactions rise.
3. The Bitcoin Policy Institute argues that Bitcoin can aid the U.S. in countering strategic adversaries while ensuring local growth.
4. How stocks correlation, Grayscale, Russia, stablecoins, rate hikes and more are impacting the bitcoin price today.
5. Immutable value storage via Bitcoin is our best defense against tyrannical overreaching governments.
6. For patient accumulators of bitcoin, the current and potential future price action of bitcoin should be viewed as a massive opportunity. |
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Bitcoin 2022 Is A Chance To Celebrate Freedom With Like-Minded People
By John Vallis John Vallis, a Canadian expatriate, shares his point of view about the latest chain of events and the circumstances the people of his homeland are forced to deal with. He speaks about how the freedom convoy are hope bringers by coming together to peacefully protest against hysterical government policies that defy the very code of rights and freedoms Canada was founded on.
The author of this article is also of the opinion that Bitcoin inspires a borderless world where every human across the world has the right tool, courage and commitment to advance the cause of freedom, to face a seemingly insurmountable balance of power and to say “no” to those that would seek dominion over their will. |
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| In this episode of Bitcoin Magazine LIVE: An interview with Shaan Puri An episode of the Deep Dive with Dylan LeClaire An episode of The Break Up with Nolan Bauerle Don't forget to LIKE & SUBSCRIBE. |
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By Roy
The latest events, on a macroeconomic and geopolitical level, feel quite heavy. With inflation kicking in, supply change shortages, war, commodity prices surging through the roof and uncertainty in the stock market, bitcoin seems to be unfazed.
There are thousands of bitcoiners out there who are sure there is no other alternative and put their money where their mouth is, by stacking every single day, week or month without minding the price. With a long term perspective in mind, many of us find safety in sats.
With love,
Bam |
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Keep on reading, keep on stacking. |
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