Hello Humble Bitcoiners!
Sit down and get ready for your daily dose of Bitcoin signal! |
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📝 Today's Rundown - $1 Million Raised: $1 million raised for the Canadian freedom truckers and a strategy for its distribution.
- FED Regulation: Will Sara Bloom Raskin implement a bitcoin bias in Federal Reserve regulation?
- Study Commission: New Hampshire establishes bitcoin and crypto study commission.
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Bitcoin Fundraising For Ottawa Truckers Freedom Convoy Hits Close To One Million
By Jesse Willms The bitcoin fundraising for the Ottawa Freedom Truckers Convoy has met its goal of 21 bitcoin, and more donations continued to flow in. With 5,511 donors raising 22 bitcoin worth more than $932K, the committee is now in the process of consolidating the funds and focusing on the best way to get the funds to the truckers.
The distribution strategy will be split in two different objectives:' - 20% of the funds raised are in a hardware wallet and intended to be used for immediate needs including food, hotel rooms, legal aid and fuel.
- 80% of the funds are being consolidated into a multi-sig wallet while the destination of the funds and the initial handouts await to be determined.
Proposals are being considered depending on how the truckers might want to receive the funds: - Credit card payments/overpayments
- Transfers
- Direct bank deposits
- Gift cards.
As Canadian banks seem poised to freeze accounts in relation with the protest, it is important to proceed with caution. |
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With Sarah Bloom Raskin Up For Big FED Role, Will Regulation Turn Against Bitcoin?
By Ansel Linder Sarah Bloom Raskin is President Biden’s nominee for vice chairwoman for supervision and a member of the Board of Governors of the Federal Reserve. Her qualifications include being a member of the Board from 2010 to 2014 and the Deputy Secretary of the Treasury from 2014 to 2017. However, there is plenty of controversy around her and even the U.S. Chamber of Commerce wrote an open letter in opposition to Raskin’s appointment.
Raskin has been accused of using regulatory power to choke off capital for fossil fuels, parlaying her past government service into lucrative private work and being a false climate activist for personal benefit.
While her view on Bitcoin is not completely clear, Raskin’s progressive peers have spread misinformation about bitcoin mining’s environmental impact. In addition, the man whom Raskin is nominated to replace, Randal Quarles, is known for being against CBDC’s and pro bitcoin.
Replacing him with a person of opposite views could dramatically shift the balance at the Fed. |
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1. Superstar rapper Drake won two of his three Super Bowl LVI bets, taking home over $1 million in bitcoin winnings. 2. Pioneering mathematician John Nash laid out a concept for “Ideal Money” that has parallels with Satoshi Nakamoto’s Bitcoin. 3. A letter to conservatives who don't yet hold bitcoin. 4. The decentralized nature of Bitcoin can serve to provide a source of security for communities in America. 5. Discussing Discreet log contracts (DLC), a type of smart contract that can be leveraged for many financial instruments on Bitcoin. 6. Bitcoiner Brian Harrington talked about how you can limit your exposure to fiat, bring Bitcoin into your community and plan for the future. 7. Bitcoin's Game Theory: Thinking about the potential Bitcoin-oriented geopolitical moves to be made only shows the unlimited possibilities of Bitcoin’s game theory. |
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New Hampshire Establishes Bitcoin And Crypto Study Commission
By Namcios Governor of New Hampshire Chris Sununu signed an executive order to institute a commission to research Bitcoin and its current legislation status in the country and in the state. The commission will focus on U.S. federal and state laws governing Bitcoin and cryptocurrency and propose new ones to encourage innovation and attract high quality banking and financial businesses into New Hampshire in a safe and responsible manner.
The commission will be composed of the state attorney general, the commissioner of the Banking Department, a state senator, representatives of the New Hampshire Bankers Association and the Cooperative Credit Union Association and three public members with recognized experience with cryptocurrencies. They will have a maximum of 180 days to submit their findings, determinations and recommendations to the Governor. |
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 | | Discussing Bitcoin with Alex McShane, Bitcoiner Q, Max Keiser & Stacy Herbert. |
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In this episode of Bitcoin Magazine LIVE Alex McShane and Q host: - Interview Max Keiser and Stacy Herbert
- An episode of The Breakup with Nolan Bauerle
- A mining segment with John Riggins
Don't forget to LIKE & SUBSCRIBE |
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By Jeff Booth
Whenever you hear that the central bank is printing money again for zero marginal cost, for whatever reason, put it into perspective. No one should have the power to create the same money you work hard for out of thin air. Especially not at these ridiculous amounts.
"One of the things that contributes to confusion when money is manipulated is that big numbers are difficult for our brains to process and compare." - Jeff Booth
With love,
Bam |
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Keep on reading, keep on stacking. |
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