In early December, protests erupted in France after the government announced plans to increase fuel taxes. Thousands of people wearing yellow construction vests took to the streets, demanding President Emmanuel Macron reverse the tax hike. Across the county, protesters could be heard yelling familiar rallying cries, “We are running the revolution” and “Macron to the Bastille.” The Arc de Triomphe in Paris was spray painted with the message: “We have chopped off heads for less than this,” a reference to the death of King Louis XVI and his wife, Marie-Antoinette.
Many people are noting the similarities between the intensifying “Yellow Vest” protests and the French Revolution. A mural in Paris painted by street artist Pascal Boyart draws a direct comparison. The piece replicates the famous “Liberty Leading the People” painting that commemorates the end of the French Revolution. In Boyart’s version, soldiers are replaced by “Yellow Vest” protestors.
#StreetArt treasure hunt in Paris with a #Bitcoin puzzle— Pascal Boyart (@pascalboyart) January 7, 2019
For the 10th birthday of the genesis block, I painted this frescoe in Paris with a 0,26btc ($1000) puzzle in it.
Here's the public key: 1NqPwPp7hEXZ3Atj77Ue11xAEMmXqAXwrQ Thanks to @alistairmilne for sponsoring this 🙏 pic.twitter.com/F7aIkxmp6t
Inside the painting is another interesting parallel – Bitcoin. To be specific, a private key containing $1,000 worth of Bitcoin is hidden within the strokes of the mural.
So, what do Yellow Vests, the French Revolution, and Bitcoin have in common? Nothing or everything, depending on how you look at it.
Euros to Bitcoin!
This week, Yellow Vest protesters announced plans of a “bank run,” urging all citizens to withdraw their money from French banks at the same time on Saturday, January 12. As the Bitcoin community caught wind of it, they began urging protestors to turn their Euros into Bitcoin.
While Bitcoin can’t solve all of the protester’s grievances, it could incentivize governments to print money responsibly, better manage inflation rates and offer citizens a democratized alternative to the traditional banking system. The likelihood of a “bank run” succeeding are slim, but the chances that people start purchasing Bitcoin to protect their wealth, are higher.
Japan’s Financial regulatory body, the Financial Services Agency (FSA) has denied that it was interested in pursuing the idea of a Bitcoin (BTC) Exchange-Traded Fund (ETF) in the first place, amidst rumors that Japan might be the first country in the world to allow crypto ETF. Read more.
Tron selected the former supervisory attorney of SEC to further extend its arms of partnership with the best hands to move forward its formidable team. The former SEC attorney will be joining Tron network as its first compliance officer. Read more.
On Wednesday (January 9th), as Bitcoin (BTC) struggled to stay above the $4,000 level, TRON(TRX) confidently powered its way past Tether (USDT) with a 12% surge in price to become the 8th most valuable cryptocurrency by market cap. Read more.
Ripple, provider of leading enterprise blockchain solutions for payments, announced today that 13 new financial institutions have signed up for the company s payment network, RippleNet. The companies include Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND and Rendimento. With these additions, there are now more than 200 customers signed up for RippleNet. Read more.
Coinbase first detected several deep chain reorganizations of the Ethereum Classic (ETC) blockchain on Jan. 5. The attack allegedly included double spends totaling 88,500 ETC (approximately $460,000). The crypto exchange later released news that there were 12 additional reorganizations detected, totaling around $1.1 million. Read more.
Overregulation in Ukraine is reportedly preventing the cryptocurrency industry from evolving in the country. An official of the Ukrainian central bank (NBU) told this to a local crypto news outlet LetKnow Tuesday, Jan. 8. Read more.
The Cyberspace Administration of China (CAC) published its new “Regulation for Managing Blockchain Information Services” on Thursday, defining blockchain information service providers as “entities or nodes” that offer information services to the public using blockchain technology via desktop sites or mobile apps. The rules become official on February 15, according to the release. Read more.
New research from crypto market-place Paxful found that Africa now accounts for their highest number of new subscribers per month. Over the past year, transactions on the Paxful platform from South Africa increased by 25 percent, 60 percent in Nigeria and by up to 100 percent in other parts of the continent. For Africa as a whole, Paxful has seen a 225 percent increase in users in the last 12 months. Read more.
The New York City Economic Development Corporation said its Blockchain Center in Manhattan will open Thursday a part of a partnership with affiliates of venture-capital fund Future\Perfect Ventures and the Global Blockchain Business Council, a trade organization. The city may also start testing the use of blockchain technology in the fall. Read more.
The four that were approved as licensed brokers and dealers of cryptocurrencies in the country are Bx, Bitkub, Coins and Satang Pro. One other exchange — Coin Asset — is under extended review after replacing its management team in a bid to win a license. Read more.