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Pakistanis celebrated on Friday their National Day with a military parade in the capital, Islamabad, showcasing short- and long-range missiles, tanks, jets, drones and other hardware.
President Trump is getting his third national security adviser in the first 14 months of his presidency, Reuters reports. Current national security adviser Lt. Gen. HR McMaster is resigning, to be replaced by John Bolton on April 9. “I am very thankful for the service of General H.R. McMaster…
A man prepared to defend in court his claim of ownership of a tiny island off the coast of North Carolina remains undeterred despite said island having, by all appearances, ceased to exist, the Charlotte Observer reports. “My land will always be there,” says Ken Barlow of Virginia, adding, “I…
A high school student in North Carolina was the only one to walk out of class Wednesday in support of the nation-wide protest against guns, receiving widespread support on social media, The Hill reported.
Thousands of students walked out of schools across the nation and even abroad as part of Wednesday’s protest against gun violence , with the AP reporting that moods at the protests ranged from somber to angry. The walkout marked the one-month anniversary of the shooting at Marjory Stoneman Douglas High School…
National School Walkout: Students to protest gun violence, call for action one month after Parkland shootingMarch 14, 2018 | dailybusinessnews
Thousands of students are set to walk out of classrooms nationwide Wednesday to protest gun violence and call for new gun control measures on the one month anniversary of the Parkland school shooting that left 17 dead and sparked a grassroots wave of activism.
National Geographic has acknowledged that it covered the world through a racist lens for generations, with its magazine portrayals of bare-breasted women and naive brown-skinned tribesmen as savage, unsophisticated, and unintelligent. “We had to own our story to move beyond it,” editor-in-chief Susan Goldberg tells the AP in an interview…
China’s giant pandas will soon have a national park over twice the size of Yellowstone in which to mingle and mate, the AP reports. China’s foreign ministry announced Thursday that the Bank of China will provide at least $ 1.5 billion toward Giant Panda National Park. The conservation park will…
“Bears Ears isn’t really about oil and gas,” Interior Department Secretary Ryan Zinke said at a news conference in May 2017. Evidence from over 25,000 pages of department emails obtained by the New York Times shows that wasn’t necessarily true. Last year President Trump called for a review of…
A small island nation with less than 60,000 inhabitants best known internationally as a former test site for nuclear weapons is joining the hottest new trend – issuing a national cryptocurrency. The planned Marshall Islands’ Govcoin is expected to be issued later this year.
Marshall Islands Govcoin ICO
The Republic of the Marshall Islands plans to issue its own cryptocurrency as an official legal tender, to be known as the Sovereign. The local parliament voted this week to proceed with the issuing plan, Kenneth Kedi, a senator and the body’s speaker, said in a Bloomberg interview. A council still has several days to object, a step he considers unlikely.
The Sovereign is expected to be issued later this year, David Paul, minister-in-assistance to the president revealed. The Marshall Islands government will arrange an initial coin offering (ICO) and exchanges will be allowed to apply to trade the currency, he said. The move is seen as a way to bolster local budgets, he added. “This was specifically targeted for the long-term needs of the country.” A portion of the funds raised in the ICO offering will also be used to finance health care to islanders still affected by US nuclear weapons testing in the area decades ago, Paul said.
The National Crypto Trend
There have been discussions for the last few years among central bankers about issuing national cryptocurrencies, mainly as an effort to to create a ‘cashless society’ or to try and answer the attraction to bitcoin by young people, as they see it. However, this trend has gotten a lot stronger recently, apparently because of the government of Venezuela pushing its own Petro.
The actual potential value of such national cryptocurrencies is still in doubt. For citizens, these digital currencies will not offer the alluring freedom from state control of bitcoin if they are really managed by the government. And if they are not run by the state then they will offer no benefit to central bankers. As the Russian Ministry of Finance recently informed President Vladimir Putin, the creation of a centralized coin seems impossible, as cryptocurrencies are based on decentralized ledgers.
Why do you think so many countries around the world are now considering issuing their own altcoins? Share your thoughts in the comments section below!
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