For decades, those of us skeptical of our central banks’ monetary experiments have tried to punish them for their excesses – reign them in, have them follow a stated rule, or at least provide a way for us critics to opt out of their system.
Immunize ourselves from whatever havoc they’re wrecking.
Projects have come and gone: e-gold, DigiCash, B-Money, Bit Gold. Yet, on a personal level we must persevere, regardless of how little you think of those rapidly diluted U.S. dollars. For the post-war generation, gold often allowed some measure of protection, but its history in 1914, 1933, and 1971 indicate some of its limitations – when push comes to shove, it’s not that hard for governments to seize, debase, or ban it. For my parents’ and grandparents’ generation, houses and subsidized mortgage rates played another such role. You could, as my grandfather often remarks, “build capital” and “amass savings” this way: buy a house with as much borrowed money as you
Brave Buys Search Engine, Kings of NFT, Binance In Colombia + More News
Kings of Leon. Source: A screenshot, Instagram/kingsofleon
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Brave, the developer of a crypto-friendly internet browser, said it acquired
Tailcat, the open search engine developed by the team formerly responsible for the privacy search and browser products at
Cliqz, a holding of
Hubert Burda Media. Tailcat will become the foundation of Brave Search. Brave Search and the Brave browser constitute the industryâs first independent, privacy-preserving alternative to Google Chrome and Google Search, they said.
Bitcoin rallied back above $50,000, surpassing the key psychological level as bullish momentum returned after last week’s selloff.
The digital token climbed as much as 11% before paring some gains to trade around $50,900 as of 9:51 a.m. in New York, reaching the highest level in two weeks, according to data compiled by Bloomberg.
The cryptocurrency has been volatile with prices plunging 21% last week before recovering with the earlier broad bounce back in global equities. On a technical basis, the GTI Global Strength Indicator, which detects trend fluctuations, has begun to curl upward, suggesting a bullish move for Bitcoin.
“With the return of the stimulus fueling activities in the U.S. and elsewhere – this is very good for scarce assets such as Bitcoin,” said Antoni Trenchev, managing partner and co-founder of Nexo in London, a crypto lender.
Hedge funds have reduced their position in petroleum futures and options for the first time in 16 weeks, the first weekly net sales since the first successful coronavirus vaccine trials were announced in early November.
Dollar steady after Friday s U S jobs-related losses; bitcoin soars reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.