Politics Halt Bochum's Vision as Germany's First Bitcoin City
The city of Bochum had the potential to become Germany's first "Bitcoin City," but political opposition halted this ambitious plan. According to Coin Kurier, CDU politician Andreas Köthe dismissed the proposal as “absolute nonsense,” citing significant investments and complex accounting requirements as major hurdles. Jens Lücking from UWG: Freie Bürger also voiced strong criticism against the initiative.
Nervos Network Surges by 306%: The Best Bitcoin Layer-2?
A report from FinanzNachrichten.de highlights that Nervos Network has experienced a remarkable increase of 306% this year, outperforming other layer-1s and layer-2s significantly. This modular layer-1 blockchain aims to combine security, decentralization, and scalability effectively. Despite its success, it remains unlisted on some crypto data websites, indicating limited adoption so far.
Bitcoin Holds Steady Above $60K Amidst US Inflation Concerns
As reported by WirtschaftsWoche, despite an inflation rate in the United States now at 2.4%, Bitcoin’s price remains stable above the $60,000 mark. This stability occurs alongside weak employment figures in the U.S., with initial jobless claims rising compared to previous months.
How Crisis-Proof is Bitcoin Compared to Gold?
An article from BTC-ECHO explores whether Bitcoin can truly be considered crisis-proof when compared to gold. While often touted as “the hardest money” available due to its decentralized nature and capped supply of 21 million coins, critics argue that it still behaves like a speculative asset under threat scenarios. The piece delves into why gold continues being seen as a safe haven while questioning if either serves better for crisis hedging or portfolio diversification benefits involving both assets along with stocks.
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