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📝 Today's Rundown
  • Unstoppable Money:  Bitcoin donations sparked after fiat fundraising fiasco.
  • Bitcoin First: Fidelity describes bitcoin as an asset class of its own but fails to recognize its true potential.
  • DOJ: The Department of Justice seized over $3.6 billion in bitcoin from a 2016 hack.

UNSTOPPABLE

Fiat Fundraising Fiasco Sparks Bitcoin Donation Drive For Freedom Truckers
By Jessie Willms

Since January 15, truck drivers and other service providers can only enter Canada if they are fully vaccinated. For almost two weeks now, a group of truck drivers have been protesting in Ottawa. The “freedom convoy” movement goes against the COVID-19 mandates, lockdowns and the use of the state’s force against basic human rights and freedom. The plan is to maintain the protest as long as it takes to bring about the changes they want.

To keep the movement going, a GoFundMe campaign was created in which they raised almost $10 million in donations. Unfortunately, “in one of the worst act of political corruption ever seen in Canada," as stated by the well-known philosopher and scholar Jordan Peterson, GoFundMe froze the truckers account at the request of Ottawa’s mayor. Fortunately, the movement is still going and they are now receiving unseizable Bitcoin donations.

At the time of writing, there is more than 1.45 bitcoin raised through Tallycoin, a crowdfunding platform built on top of the Bitcoin blockchain, where users can show the true power of bitcoin as an unstoppable money, making it clear that shutting down centralized donation services will not be enough to end this standoff.

Read Full Article
BITCOIN FIRST

Investor Focus Misdirects Fidelity ‘Bitcoin First’ Report
By Shawn Amick

On January 18, Fidelity, an American multinational financial services corporation and one of the largest asset managers in the world, published a report called: Bitcoin First: Why Investors Need To Consider Bitcoin Separately From Digital Assets. Its intention is clearly the institutional recognition of bitcoin as a separate entity from what is commonly referred to as “crypto” while targeting institutional buy-in, which could be seen as a net-positive for Bitcoin. However, even though most of the content in the report could be considered accurate, it also shows that institutional education still has a long way to go.

This article discusses Fidelity’s report in further detail and mentions important aspects that could be helpful for a better understanding of Bitcoin as a whole, such as the difference between Bitcoin the network and bitcoin the asset, Bitcoin’s scalability, smart contracts and Bitcoin’s true purpose.

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📰 THE DAILY BITS

1. January was the largest month for bitcoin exchange outflows since September 2021.

2. Wells Fargo said Bitcoin is nearing a “hyper-adoption phase” similar to the internet in the mid-to-late 1990s.

3. Core Scientific, the public miner mined over 1,000 bitcoin for the second month in a row — they now hold over 6,300 BTC.

4. It isn't every day that Bitcoin's value proposition is portrayed so clearly and accurately on the mainstream stage.

5. As bitcoin reduces the traditional usage of financial advisors, their role may shift to help facilitate wealth preservation.

6. Bitcoin: The inevitable path towards global adoption of the next world reserve currency.

DOJ

DOJ Recovers $3.6 Billion In Bitcoin Stolen In Bitfinex Hack.
By Namcios

The U.S. Department of Justice issued a statement saying it had recovered billions of dollars worth of bitcoin stolen in a 2016 hack of Bitfinex. Being the largest financial seizure of bitcoin ever, the DOJ seized over $3.6 billion in bitcoin out of the $4.5 billion drained in the hack, and arrested a couple in Manhattan for alleged conspiracy to launder the stolen coins.

The seizure allowed the DOJ to gain access through court-authorized search warrants to the couple's online accounts with access to more than 94,000 bitcoin.

These arrests signal two important things:

  • Bitcoin is not anonymous and criminal activity can and will be tracked.
  • Always protect your keys.

“Today’s arrests, and the department’s largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals” - Lisa Monaco, Deputy Attorney General

Read Full Article

📹 BITCOIN MAGAZINE LIVE

Discussing Bitcoin with Alex McShane, Bitcoiner Q joined by Mark Moss.
In this episode of Bitcoin Magazine LIVE Alex McShane and Q are joined by Bitcoin legend Mark Moss. This episode also features an episode of Fedwatch with Ansel Lindner and a discussion of the merits of Bitcoin vs. those of crypto with the Altcoin Daily YouTube channel.

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MEME OF THE DAY

By Nikcantmine

Fiat currency is the most powerful tool politicians have to manipulate society. It even enables them to take advantage of crises, allowing them to gain further power. The only way to stop this preposterous cycle is by ending the source of corruption. By fixing the money, we can fix the world — and this is why we bitcoin.

With love,
Bam

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