Sweden

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Swedish Government Auctions Cryptocurrency Again

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The Swedish Enforcement Authority, Kronofogden, is once again auctioning off cryptocurrency that has been allotted for public sale. The online auction, which is the second of this kind the government agency conducts, starts on Friday, October 11. Also read: Sean Walsh: Cryptocurrencies Can Harness More Human Energy BTC Worth $37,000 Offered to the Public The … Read more

Bitcoin Cash Meetups Help Plant the Seeds of Economic Freedom

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Our newsdesk recently caught up with Bitcoin.com’s community manager Chris Bridgman who discussed the recent expansion of Bitcoin Cash-focused meetups worldwide. Over the last two years, Bridgman and his partner Akane Yokoo have seen BCH meetups grow from a small handful to around 90 BCH-based gatherings in a number of different countries. Also read: Software … Read more

Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin

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In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U.S. and its “great currency, power, and balance … Read more

Greta Thunberg Joins Satoshi in Questioning Bank Bailouts

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Saving planet Earth is a noble goal with many different dimensions. Climate change needs to be addressed vigorously as our world warms up faster than ever. Economic development needs a higher degree of financial freedom to provide everyone access to opportunities and wealth. A teenager from Scandinavia, dubbed a “next generation leader,” has once again … Read more

Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

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Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right now, unlike cryptocurrencies lately, leads to … Read more

Owning Fiat Just Got More Expensive – NIRP Strikes Again

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With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy (NIRP). The relatively recent experiments with NIRP … Read more

How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste

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We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy waste. … Read more