Giant Bitcoin logo projected on the European Central Bank
x.com/Vivek4real_/status/1806376549110714612
Study Bitcoin!
And stop ignoring!
Anyone know it there has been ANY reaction?
Refugees In Uganda Turn To Bitcoin Due To National ID Restrictions
National ID cards are required to open a bank account and obtain a SIM card in Uganda.
People whose SIM cards were deactivated because
they lacked National Identity cards line up at a mobile service center in Kampala, Uganda
Some refugees in Uganda are transacting with bitcoin because they don’t have national identification cards, which are required to open a bank account and obtain other services in the country.
Japan Fires Its Top Currency Diplomat As Yen Disintegrates, Another Intervention Looms
Incumbent Kanda has been the main figure in handling the government's catastrophic interventions in the foreign exchange market, which have been meant to arrest the yen's slide against the dollar, yet despite spending a record $60+ billion two months ago on halting the yen's implosion, the yen is now at the lowest level since the Plaza Accord.
And while no amount of intervention will prevent the yen from imploding further - to do that the BOJ will have to raise rates to 4% or higher, setting of a cataclysmic collapse of the entire Japanese bond market - the outrage among the populace at the runaway inflation in Japan in large part due to the plunging currency, is finally being addressed now that Japan is facing election in a few months, and scapegoat time has arrived.
We fully expect another intervention round in the coming days, one which sends USDJPY back to the low 150s before the pair resumes it trek higher until such time as Japan finally loses control over both its currency and bond markets. That will be the beginning of the end of the current doomed experiment in neoliberalism.