✅The Solomon Islands’ decision to switch its diplomatic allegiance from Taiwan to Beijing has been blamed for arson and looting in the national capital Honiara, where protesters are demanding the prime minister’s resignation.
✅Solomon Islands is a sovereign country consisting of six major islands and over 900 smaller islands in Oceania, to the east of Papua New Guinea and northwest of Vanuatu.
✅The Solomon Islands are famous as a battleground of World War II, the pivotal Battle of Guadalcanal named after the country’s largest island where the restive capital Honiara is located.
✅The South Pacific nation of 700,000 people — mostly Melanesian but also Polynesian, Micronesian, Chinese and European — is, like neighboring Australia and New Zealand, a constitutional monarchy with Queen Elizabeth II the head of state.
✅The Solomon Islands’ decision to switch its diplomatic allegiance from Taiwan to Beijing has been blamed for arson and looting in the national capital Honiara, where protesters are demanding the prime minister’s resignation.
✅Solomon Islands is a sovereign country consisting of six major islands and over 900 smaller islands in Oceania, to the east of Papua New Guinea and northwest of Vanuatu.
✅The Solomon Islands are famous as a battleground of World War II, the pivotal Battle of Guadalcanal named after the country’s largest island where the restive capital Honiara is located.
✅The South Pacific nation of 700,000 people — mostly Melanesian but also Polynesian, Micronesian, Chinese and European — is, like neighboring Australia and New Zealand, a constitutional monarchy with Queen Elizabeth II the head of state.
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.” Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution, and there’s nothing to guarantee their value besides the proof baked in the heart of the system. “The reason why it’s worth money is simply because we, as people, decided it has value—same as gold,” says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
Should I buy bitcoin?
“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.
