Coinbase Cuts Wikileaks
Julian Assange and Wikileaks have faced increased pressure from the international community after the Ecuadorian embassy cut his internet access in March. After cutting his communication, it seems there is now a campaign to cut off financing of the organization, with Coinbase announcing yesterday that the company will no longer allow donations to be made through their platform. Assange encouraged his followers to boycott Coinbase.
California Bill Backs Blockchain
California Bill SB 838 is designed to introduce cryptography-fueled security into the issuance and transfer of corporate share certificates, which would be “recorded and kept on or by means of blockchain technology or one or more distributed electronic networks, as specified.” If the bill passes in May, California will join Arizona, Colorado, and Wyoming in their adaptation of blockchain in the law.
BTC to $700,000?!
This week, John Pfeffer, partner at Pfeffer Capital said he anticipates bitcoin to rise to no less than $90,000 and potentially as high as $700,000. This makes even Tom Lee's prediction of Bitcoin hitting $125,000 in 2022 seem tame by comparison. While this may seem crazy to some, if even a small proportion of the trillions in bonds and equities were to move to Bitcoin, the value would increase proportionally due to its limited supply.
Goldman Closes in on Crypto
Goldman has hired Justin Schmidt as its new head cryptocurrency trader. Schmidt previously worked at quantitative trading firms Seven Eight Capital LLC and WorldQuant LLC and has computer science degrees from the Massachusetts Institute of Technology. Goldman’s new trading branch adds to a growing list of the company’s cryptocurrency initiatives, including its purchase of Poloniex.
This week, Chamath Palihapitiya, former vice president of user growth at Facebook chimed in to the discussion stating, ”The short-term, dopamine-driven feedback loops we’ve created are destroying how society works, No civil discourse, no cooperation; misinformation, mistruth. And it’s not an American problem - this is not about Russians ads. This is a global problem…. those who are best-and-brightest are the most likely to fall for it, because you are fucking check-boxing your whole Goddamn life.”
Algorithms Back Google, Humans Dump It
Google stock jumped nearly 3.4% after reporting strong Q1 earnings. Algorithms jumped in with buy orders as its EPS beat the consensus estimate by over 30%. However, the jump didn’t last long, as humans realized that their margins were actually the worst since 2012 as traffic acquisition costs increased dramatically.
A little over one year after President Trump launched an impromptu missile attack against a Syrian airfield in response to Bashar al-Assad’s alleged use of chemical weapons, an American-led coalition once again targeted the war-torn regime after reports surfaced of yet another chemical attack against the Syrian people. The coalition, which included France and Britain, launched over 100 missiles at chemical weapons storage and research facilities near Damascus and Homs. Government officials announced Saturday that the strikes were successful, although they admitted they could not be certain whether all the chemical weapons had been destroyed.
GQ Seeks to Impose New Canon
A motley crew of self-described “un-boring authors” collaborated Thursday to draft a list of classic novels and long-praised works of nonfiction that they wish to see struck from the literary canon that is widely incorporated into the curricula of primary and secondary schools in Western nations. The list, which numbered 20 classics, included such works as Huckleberry Finn, The Old Man and the Sea, Catch 22 and The Bible. They claimed the reason for creating the list was to prevent readers from subjecting themselves to boredom, among various -isms that they transparently want scrubbed from the historical record.
Attack on Voter Registry Center Kills 63 in Afghanistan
A suicide bomber targeted a voter registration center in Afghanistan late Sunday, capping off a week of chaos in the long bedeviled nation. At least 57 bystanders were killed in the initial blast while awaiting the opportunity to register to vote. Eight more were murdered when a vehicle accidentally struck an additional bomb placed on the side of the road. The Middle-Eastern country, which was occupied for years by various Western powers, continues to struggle to reform its shattered political systems.
Iran Extradites the Dollar
This week, Iran formally announced their plans to move its foreign accounts from the Dollar to the Euro, as the country continues to distance itself from the United States. While the move is unsurprising, it highlights the weakening relations between the two countries, even after the Obama administration paid out $400m to the country before the end of its tenure.
Armenian Opposition Ousts PM
There was cheering in the streets, as Armenian Prime Minister Serzh Sargsyan stepped down following protests by the opposition party. The Prime Minister briefly jailed an opposition leader on Monday, before admitting his fault and stepping down. During his tenure Sargsyan pushed legislation to make his office more powerful than that of the president, leading to concern of authoritarian rule descending on the country.
A Coup in Saudi Arabia?
On April 21st, heavy gunfire was heard around the sprawling royal palace complex overnight in the Kingdom, and various reports state that the King had been moved to a safe bunker complex at an air base nearby. Other sources say it may be a terror attack or an assault by Houthi forces that infiltrated the country, or even the result of a small drone overflying a palace checkpoint. After imprisoning Prince Alweed Bin Talal, the King Salman may have made some powerful enemies.
This week was no exception for Q and the drops being made on 4chan and 8chan. Q insinuated that like Iran and North Korea, Armenia was being used as a puppet state by the CIA.
Rogue States & the CIA
He cited Nancy Pelosi’s admission of traveling to North Korea as a fatal error, suggesting much of her mass fortune was made in backroom deals with enemy states. He also urged viewers to track the contributions the US makes to the international community in the form of the Paris Climate Accords, the Red Cross, and other charitable organizations. He hints that these may be one source of CIA slush funds used for unsanctioned operations.
AIDS & the Red Cross
The Red Cross, including McGovern, repeatedly has told the public that all but 9 percent of donations spent go to humanitarian programs. But Grassley's office found that 25 percent of donations sent to Haiti — or nearly $125 million — were spent on fundraising and management, a contingency fund and the catchall category the Red Cross calls "program expenses." The Red Cross sent the bulk of the remaining donated money to other nonprofits to do the work on the ground. Those other nonprofits then took their own cuts — as high as 11 percent — for their own expenses.