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| December 12, 2018

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Street Archives -

FBI Agent Shot on New York Street in the Afternoon

December 9, 2018 |

An FBI agent was shot Saturday afternoon in Brooklyn and did like in the movies—pursued his alleged attacker and opened fire, NBC New York reports. The agent was performing surveillance for a drug probe when a BMW drove by and the suspect apparently shot him in the shoulder. Sources…

Stocks open sharply higher on Wall Street

December 3, 2018 |

Stocks opened sharply higher on Wall Street on Monday, following gains in overseas markets after the United States and China agreed to a 90-day truce in their trade dispute.

The Dow Jones industrial average jumped more than 400 points in early trading following the cease-fire.

The initial agreement…

L.A. Times – Business

Tech Stocks Lead Slump on Wall Street

November 19, 2018 |

Stocks are closing sharply lower on Wall Street, pulled down by more steep losses in big technology companies, the AP reports. Apple, Microsoft and Facebook all came under heavy selling pressure Monday. The losses came after the US and China clashed at a Pacific Rim summit over the weekend, dashing…

Tech stocks lead a slump on Wall Street

November 19, 2018 |

Technology stocks are leading a slump on Wall Street on Monday, led by big drops in Apple and Facebook shares.

Apple was down 3.9% in mid-session trading, and Facebook declined 5.2%.

Nissan’s U.S.-listed shares slumped 5.1% after the automaker’s chairman, Carlos Ghosn, was arrested on suspicion…

L.A. Times – Business

Navarro Blasts China and Wall Street ‘Globalists’

November 11, 2018 |

President Trump’s trade adviser Peter Navarro unleashed a broadside against China and Wall Street executives ahead of a meeting between the U.S. and Chinese presidents at the end of the month in Buenos Aires. What’s News Asia

Stocks open higher on Wall Street looking for a second straight day of gains

October 31, 2018 |

Stocks are opening broadly higher on Wall Street, putting the market on track for its second gain in a row, the first time that’s happened in more than a month.

Technology and internet stocks rose sharply early Wednesday. Facebook jumped 5.6% after reporting earnings that came in far ahead of analysts’…

L.A. Times – Business

Another Dizzying Day on Wall Street

October 30, 2018 |

Stocks are closing sharply lower in another dizzying day on Wall Street, putting the market on track for its worst month since early 2009, the AP reports. Indexes swung in a huge range Monday. The Dow Jones Industrial Average rose as much as 352 points and sank as much as…

More Selling Rocks Wall Street

October 27, 2018 |

Another wave of selling rocked Wall Street, the AP reports, plunging major indexes back into the red for the year. Steep drops in favorites like Amazon pulled the market sharply lower Friday, capping an unusually turbulent week of trading. The slide that began three weeks ago has put the S&P…

Asian stocks slump after losses on Wall Street

October 11, 2018 |

Asian markets were broadly lower Thursday after Wall Street slumped on a heavy selling of technology and internet stocks.

Japan’s benchmark fell by an unusually wide margin of 3.9 percent, and China’s main index lost 4.3 percent. Markets in Hong Kong, South Korea, Australia and Southeast Asia recorded…

L.A. Times – Business

A Bitcoin Rat Is Occupying Wall Street

October 11, 2018 |

A Bitcoin Rat Is Occupying Wall Street

Ten years after the financial crisis of 2008, an artist known as Nelson Saiers has placed his latest artwork across the street from the New York Federal Reserve building in the financial district. The piece is a giant sized and menacing-looking inflatable rat covered in Bitcoin code. The former Wall Street hedge fund manager and mathematician dedicates most of his time these days to his artisan loft where he produces visuals depicting the broken financial system.

Also read: Bitcoin Graffiti: How the Economic Revolution Has Painted the Streets

A Visual Perspective of Finance and Art

A Bitcoin Rat Is Occupying Wall Street
Nelson Saiers giant-sized inflatable rat is covered in bitcoin code and is looking directly at the New York Federal Reserve.

There’s some new street art located across the street from the New York Federal Reserve building that’s been causing some attention. A tall balloon-like white rat covered in bitcoin code is tied to the ground looking like it’s about to attack the structure. Nelson Saiers devotes his energy to artistic pieces that shine a light on the traditional finance system we deal with today. Saiers financial artwork has made headlines over the years after he left his trading position in 2014. 

The 8 ft white rat covered in Bitcoin code staged across the street from the central banker’s lair represents an interesting time in history, because it is ten years after the 2008 financial crisis. Additionally, Oct. 31, 2018, marks the tenth anniversary of the Bitcoin white paper published by Satoshi Nakamoto. The inflatable white rat’s creator, who is also known as the “Warhol of Wall Street,” explained in an interview on Oct. 9 with Shreyas Chari his latest artwork does give a representation of these anniversary dates.  

“So this piece is slightly different from the inflatable rats you see around the city. It’s loaded with Bitcoin code and a couple related equations,” explained Saiers during the interview.

Saiers adds:  

About ten years ago, while TARP was bailing out the economy, Satoshi Nakamoto wrote this code along with the words; ‘03 Jan 2009 The Times, Chancellor on brink of second bailout for banks,’ referencing the equivalent in England — Satoshi seemed pretty opposed to centralization and said it was doomed in the end. I wanted to be true to his views and reflect this in the artwork.

The Infestation of Sewer Rats

Over the last two decades, street art depicting the world’s financial inequalities has become a significant movement globally. The prominent and controversial street artist Banksy has brought the art-form to a new height and the use of rats can be seen on lots of walls covered in graffiti throughout the past two decades.

A Bitcoin Rat Is Occupying Wall Street
The rat has been used in financial street art for two decades and has been popularized by the anonymous artist Banksy. Andreas Antonopoulos has also referred to Bitcoin as a “sewer rat.” 

Banksy himself said the rat is something to look up to because these animals do whatever they want. “If you feel dirty, insignificant or unloved, then rats are a good role model. They exist without permission, they have no respect for the hierarchy of society,” the artist explains in his writings. The innovation of cryptocurrency itself has been depicted as an uncaring ‘honey badger of money’ or anarchistic street rat many times over the years.  

In 2016 the computer scientist Andreas Antonopoulos referred to the Bitcoin protocol as a “sewer rat of currencies.”       

“Bitcoin isn’t living in a bubble — Bitcoin is a sewer rat,” Antonopoulos detailed during his speech. “It’s missing a leg. Its snout was badly mangled in an accident last year. It’s not allergic to anything — In fact, it’s probably got a couple of strains of bubonic plague on it which it treats like a common cold. You have a system that is antifragile and dynamic and robust.”

Bitcoin Street Art Isn’t Going Away Anytime Soon

Over the last two years or so Bitcoin and street art have melded together and many artists have been using the cryptocurrency for symbolism on walls. In Paris, France there’s an artist named Pascal Boyart aka “Pboy,” who leaves his cryptocurrency themed art and QR code on buildings throughout the city. The artist Cryptograffiti has made a name for himself as he spreads his Bitcoin-infused art across various cities within the US.

A Bitcoin Rat Is Occupying Wall Street
Bitcoin street art by Pascal Boyart aka ‘Pboy.’

Saiers latest artwork and the many other artists located around the world shows there’s a growing trend of mixing visually entertaining financial and political symbolism with cryptocurrencies. The artist’s Bitcoin rat, however, is not permanent and Saiers has plans to remove the inflatable after the display.

What do you think about the Bitcoin Rat street art placed across the street from the New York Federal Reserve? Let us know what you think about this subject in the comment section below.

Images via Twitter, Pixabay, and Pboy.

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