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carlp • Aug 27, 2024, 1:01 pm EDT

Telegram Founder & CEO Arrested in France in Chilling Blow to Free Speech

The arrest of Pavel Durov, the visionary behind Telegram, in Paris on Saturday marks a dangerous precedent in the global war against free speech. Durov, who has been a staunch defender of privacy and free communication, was detained at Le Bourget Airport by French authorities under the pretext of an ongoing investigation into cybercrimes. This alarming move raises serious concerns about the lengths to which governments will go to suppress platforms that champion unfiltered discourse and protect user privacy. Durov, whose private jet touched down on August 24, was swiftly apprehended by France’s National Anti-Fraud Office. The arrest is linked

3 minutes

Kenneth Shortrede • Jul 31, 2024, 12:16 pm EDT

The Global Threat of Communism: Venezuela Edition

Recent events in Venezuela have once again highlighted the ongoing battle between the forces of freedom and tyranny. The latest elections, marred by blatant fraud perpetrated by the Maduro dictatorship, have ignited a spark of resistance among the Venezuelan people, who refuse to bow to the oppressive regime any longer. Election Fraud and Its Aftermath The prohibition of Marina Corina Machado from running as a candidate, and the subsequent targeting of both her and Edmundo Gonzalez, who ran in her stead, demonstrates the lengths to which the authoritarian government will go to maintain its iron grip on power. In a

6 minutes

arusso • Jul 19, 2024, 10:38 am EDT

Microsoft’s Blue Screen of Death Disrupts Global IT Systems

A recent software update from cybersecurity company CrowdStrike has caused widespread IT system disruptions across numerous critical sectors worldwide. Banks, airports, TV stations, healthcare organizations, hotels, and various other businesses are grappling with significant outages, resulting in grounded flights and considerable operational chaos. In the early hours of Friday, companies in Australia running Microsoft’s Windows operating system began reporting Blue Screen of Death (BSOD) errors on their devices. Shortly after, similar reports started pouring in from around the world, including the UK, India, Germany, the Netherlands, and the US. Notably, TV station Sky News went offline, and US airlines United,

3 minutes

arusso • Jul 2, 2024, 10:34 am EDT

Sony Enters Crypto Arena with Launch of an Exchange

Electronics giant Sony, valued at $105 billion, is making a bold move into the cryptocurrency market with the launch of its own bitcoin and crypto exchange, S.BLOX. This strategic initiative follows Sony’s acquisition of Amber Japan, a notable exchange formerly known as DeCurret before being taken over by Singapore-based Amber Group in 2022. Purchased through Sony’s subsidiary, Quetta Web, Amber Japan has now been rebranded as S.BLOX. Sony’s entry into the crypto space marks a significant step in the company’s evolution. The exact launch date for S.BLOX remains under wraps, but Sony has announced plans for substantial upgrades to the

2 minutes

johnd • Jun 7, 2024, 4:00 pm EDT

Has the End of the Petrodollar Arrived?

Rumors are swirling that Saudi Arabia’s will shift away from the petrodollar. Speculation is rife that the Kingdom may not renew the 50-year Petrodollar Agreement with the United States, set to expire this weekend on June 9, 2024. Established in 1974, the petrodollar was born out of a necessity following the U.S. abandonment of the gold standard in 1971. This agreement saw Saudi Arabia committing to sell oil exclusively in U.S. dollars in return for U.S. military, security, and economic development assistance. The arrangement cemented the dollar’s dominance in global oil markets and, by extension, international trade. Now, as the

2 minutes

arusso • Apr 30, 2024, 11:04 am EDT

Hong Kong Launches Asia’s First Spot Bitcoin and Ether ETFs

In a strategic move that positions Hong Kong as a frontrunner in the global cryptocurrency market, the city-state launched six spot bitcoin and ether exchange-traded funds (ETFs) on Tuesday. This initiative marks Hong Kong as the first in Asia to offer retail investors the ability to trade these cryptocurrencies at spot prices. Strategic Launch Amidst Competitive Global Markets The introduction of these ETFs, managed by three of China’s largest asset managers—China Asset Management, Bosera Asset Management, and Harvest Global Investments—signifies a major shift for Hong Kong, which seeks to reclaim its status as a premier global financial center following years

3 minutes

arusso • Apr 15, 2024, 11:37 am EDT

Hong Kong Approves First Spot Bitcoin ETF, Signaling Global Trend in Institutional Adoption

In a significant development for the cryptocurrency market, Hong Kong’s Securities and Futures Commission (SFC) has approved the city’s first spot Bitcoin exchange-traded fund (ETF). The approval comes just four months after the SFC received it’s first application for a spot Bitcoin ETF. This milestone, managed by China Asset Management (Hong Kong) in collaboration with OSL Digital Securities and BOC International Prudential Trusteeship, marks a major advancement in the accessibility of digital assets for institutional investors in Asia. The approval of these spot Bitcoin ETFs by the SFC not only underscores Hong Kong’s commitment to positioning itself as a leading

2 minutes

arusso • Apr 9, 2024, 2:45 pm EDT

Tokyo: Metaplanet Inc. Adopts Bitcoin as Core Treasury Asset

Metaplanet Inc., a public company listed on the Tokyo Stock Exchange under ticker TYO:3350, has announced a significant shift in its financial strategy by adopting Bitcoin as its core treasury asset. This strategy, involving an initial investment of JPY 1 billion in Bitcoin, is not just an exploration into digital assets but also a step towards integrating finance and innovation at a fundamental level. This decision positions Metaplanet Inc. as the first company in Asia to adopt a strategy similar to Microstrategy’s approach in the United States, emphasizing Bitcoin as a primary corporate asset. This initiative is especially important for

2 minutes

jennyl • Apr 3, 2024, 10:45 am EDT

Byte Federal Launches Point of Sale System for Merchants seeking to accept Bitcoin

Byte Federal, a leading company in the global financial technologies space, is proud to announce the official launch of its point of sale (POS) system, ByteConnect. This product launch marks a significant expansion of Byte Federal’s “fintech focused” services, showcasing a commitment to building a full suite of financial tools for economic freedom. Lennart Lopin, Byte Federal co-founder and CTO, expressed the vision behind the innovation: “Sound money is essential for creators and inventors, driving societal progress. We’re excited to introduce Bitcoin to the world, a significant innovation that fosters freedom and encourages creativity among global communities.” Lennart Lopin After a

2 minutes

satoshin • Mar 26, 2024, 1:36 pm EDT

Assange is Given Permission to Ask for Permission to Request Permission

If it sounds absurd, it’s because it is. “How can you even entertain this hearing knowing what we know? It’s all on the public record. And yet it continues,” states Stella Assange outside London’s High Court where Julian Assange’s long-standing legal battle took a new turn as the British court ruled against his extradition to the United States, unless the U.S. government can guarantee he won’t face the death penalty. The latest development grants the WikiLeaks founder a reprieve, albeit temporary, in a saga that has captured global attention for over a decade. But what is really on trial when

3 minutes