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| March 23, 2019

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Stocks give up early rally, ending S&P 500’s win streak

March 20, 2019 |

U.S. stock erased early gains Tuesday and closed nearly flat, ending the Standard & Poor’s 500 index’s weeklong rally.

Banks accounted for much of the decline, along with utilities and industrial companies. Those losses offset gains by healthcare, technology and consumer products stocks.

The benchmark…

L.A. Times – Business

Bitcoin Early Adopters Build Seasteading Home off the Coast of Thailand

March 3, 2019 |

Bitcoin Early Adopters Build Seasteading Home off the Coast of Thailand

Interest in cryptocurrency is often interlinked with a passion for personal freedom and a desire to shape the future for the better. A recent example of this is a team of Bitcoin early adopters who are building a seasteading home off the coast of Thailand.

Also Read: In the Daily: Binance Trading Competition, Bitdeer BCH Mining Plan, Voyager Merges Ethos

Private Seasteading for $ 150,000

A short video documentary released by the Seasteading Institute on its Youtube channel showcases the establishment of a small seastead 12 nautical miles off the coast of Phuket, Thailand. The installation is now the home of Chad Elwartowski and Nadia Summergirl, a couple who wanted to move the futuristic idea from just a concept to a practical reality.

The people behind the project were Bitcoin early adopters who used the profit from that investment to fund their dwelling. They spent around $ 150,000 on the seastead, $ 30,000 more than they expected. “As it is experimental we ended up adding and adding and adding,” Elwartowski told Reason’s Brian Doherty.

According to the blog of the seastead construction team, Ocean Builders, $ 150,000 is the target minimum price for a barebones facility. “Closer to $ 200,000 would likely give you a move-in ready seastead with a nice kitchen, water, solar electric, etc.”

From French Polynesia to Thailand

Seasteading, a combination of the words sea and homesteading, is the idea of creating permanent habitats at sea, beyond the territorial control of existing governments. Promoters hope that one day large autonomous seasteading cities may be recognized as sovereign states in their own right and provide a platform for experimenting with new forms of governance to ensure citizens’ liberty.

Bitcoin Early Adopters Build Seasteading Home off the Coast of Thailand

Back in May 2018 it was reported that a seasteading project had reached a memorandum of understanding with French Polynesia with the aim of creating an independent island with its own cryptocurrency. Elwartowski and Summergirl had been waiting to build their seastead as part of that venture, but when progress there stopped they decided to go it alone in Thailand. They have no agreements with the Thai government but don’t anticipate any friction from authorities.

What do you think about this seasteading home built by early Bitcoin adopters? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

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The post Bitcoin Early Adopters Build Seasteading Home off the Coast of Thailand appeared first on Bitcoin News.

Bitcoin News

Mueller Report Could Come as Early as Next Week: Sources

February 20, 2019 |

The special counsel’s Russia investigation is wrapping up after nearly two years. Sources tell CNN the Justice Department is preparing for Robert Mueller’s report to come in as early as next week, after which Attorney General Bill Barr will submit a summary of the confidential report to Congress. It’s not…

Stocks Shake Off Early Slide, End Higher

February 5, 2019 |

Stocks recovered from an early slide and finished broadly higher as gains in technology and industrial companies outweighed losses elsewhere in the market, the AP reports. The market had gotten off to a weak start Monday after the government reported that factory orders fell in November, but by midday major…

Tech firms lead stocks higher after early slide

February 4, 2019 |

U.S. stocks recovered from an early slide Monday as gains by technology and media companies outweighed losses by healthcare firms and others.

A report showing U.S. factory orders declined in November weighed on stocks earlier in the day. Concerns about slower economic growth overshadowed a mostly…

L.A. Times – Business

Stocks claw back from early slide, extending win streak to five days

January 11, 2019 |

U.S. stocks had a day of uneven trading Thursday but ended higher, notching their fifth straight win. Industrial companies such as Boeing and General Electric rose while retailers fell as Macy’s suffered its biggest loss of all time.

Stocks struggled in the early going after U.S. and Chinese officials…

L.A. Times – Business

Former Madoff Secretary Wants Early Prison Release

December 24, 2018 |

A lawyer for the former secretary for imprisoned financier Bernard Madoff is asking that she be released from prison in March. Attorney Roland Riopelle says 70-year-old Annette Bongiorno will have served two thirds of her six-year prison term by March 19 and should be released then. He cited a law…

Hotel workers ready to strike as early as Wednesday in Southern California

December 11, 2018 |

About two dozen Southern California hotels could be hit with a strike as early as Wednesday, as 7,500 local workers try to exercise their union’s growing muscle, built through a series of successful strikes against hotels this year around the nation.

Members of Unite Here Local 11 in Los Angeles…

L.A. Times – Business

Three myths about the early retirement movement

December 10, 2018 |

People don’t like to be told they can’t have it all. It’s one of the reasons frugality as a way of life is a hard sell.

Enter the followers of the FIRE movement, which stands for financial independence, retire early. They advocate a frugal lifestyle in an effort to save 40% to 50% of their income…

L.A. Times – Business

Stocks Claw Back After Early Plunge

December 6, 2018 |

Stocks clawed back much of the ground they lost in an early plunge triggered by the arrest of a senior Chinese technology executive, the AP reports. The Dow Jones Industrial Average and the S&P 500 index ended slightly lower Thursday, having taken a nosedive in the morning. Technology shares including…