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CoinWeek News Wire for Feb. 23, 2018: Libyan MoU, $20 Trillion in Free Bitcoins, & the Case of the Missing Masonic Time Capsule

By Coinweek News Wire ….

Coinweek News Wire for February 23, 2018

Current Events

1.) US, Libya sign MoU to combat looting of cultural properties

As part of the ongoing cooperation between the United States and Libya’s Government of National Accord, the United States will impose import restrictions on categories of archaeological material representing Libya’s cultural heritage dating from 12,000 B.C. through 1750 A.D. and Ottoman ethnological material from Libya dating from 1551 to 1911 A.D

2.) Congressman Cleaver To Present Mint Coin To WWI Museum

Congressman Emanuel Cleaver, II (D-MO) will present the Congressionally authorized World War I Centennial Silver Dollar that honors WWI veterans to the President of the National WWI Museum & Memorial, Dr. Matthew Naylor, on Friday, Feb. 23, 2018 at 11:30 a.m. This is the coin struck by Congressman Cleaver during the ceremonial first strike event at the U.S. Mint in Philadelphia this past November

3.) ‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far

In response, the central bank is considering whether there’s a need for an official form of digital currency, an e-krona. A final proposal isn’t expected until late next year, but the idea is that the e-krona would work as a complement to cash, not replace it completely

4.) Canadians given 6 months to purchase Sask. soldier’s Victoria Cross before export

Canadian museums and art galleries will have six months to come up with the funds to purchase a Victoria Cross that was auctioned to an overseas buyer last year, according to the Department of Canadian Heritage.

The medal, regarded as the highest military award of the United Kingdom, was awarded to Saskatchewan’s Lt.-Col. David Currie during the Second World War. They were auctioned in September to a private U.K. buyer for $660,000 [CAD]. The auction was loudly criticized

Under the Radar

5.) Kuwait central bank issues commemorative coin

The Central Bank of Kuwait (CBK) announced on Tuesday issuing its commemorative coin marking its golden jubilee

6.) Bank of Estonia introduces Estonia 100 commemorative €2 coin

The symbolism of the coin continues in the number issued. Corresponding to the Estonian population in early 2017, 1,317,800 of the commemorative €2 coins will be minted

7.) Designs of 2020 Tokyo Olympic Games commemorative coins unveiled

The 10,000-yen gold coin features an image depicting traditional horseback archery. It is accompanied by Chinese characters that mean strength of mind, technique and body.

The two 1,000-yen silver coins depict swimmers and judoists, respectively. The other two, for 100 yen, show fencing and the Paralympic sport of Boccia.

The coins are the first of about 30 to be issued in 4 installments in the run-up to the Games.

Bitcoin & Cryptocurrency News Wire

8.) Inside Uncle Sam’s Secret Bitcoin Hoard

These digital seizures and sales, unheard-of five years ago, are fast becoming routine. Bitcoin’s enduring popularity among online wrongdoers, and its growing presence in criminal busts, has turned Uncle Sam into a major player in cryptocurrency markets. While exact figures are impossible to pin down, documentary evidence and interviews with current and former defense attorneys and prosecutors suggest that at least $1 billion worth of digital coins, and possibly much more, has spent time in the custody of U.S. law enforcement

9.) A Dazzling History of Bitcoin’s Ups and Downs

Bitcoin is perpetually rising and falling in relative fiat value, and even early 2018’s 70% decline isn’t surprising, nor is it the worst ever witnessed. Even amidst the most sickening of freefalls, experienced traders remain unfazed, because they’ve been there before. Holding through a correction is almost a rite of passage for cryptocurrency investors, and the group’s most experienced veterans have endured more than their fair share over the years

10.) FCC serves Bitcoin miner notice for static on T-Mobile calls

The US Federal Communications Commission thinks it has tracked down the culprit who interfered with cell-carrier T-Mobile’s LTE band and caused static on calls in Sheepshead Bay, Brooklyn. Blame it on Bitcoin

11.) A Computer Glitch Let a Trader Claim $20 Trillion in Free Bitcoin

Officials at Zaif tell Japanese newspaper Asahi Shimbun that the glitch lasted 18 minutes. Seven people took advantage of it—one of whom (the one who tried to get their hands on $20 trillion worth) tried to cash out

12.) Visa and Coinbase Feud Over ‘Erroneous’ Crypto Credit Charges

Cryptocurrency exchange Coinbase and payment processor Visa are blaming each other for reversed or duplicated cryptocurrency purchases with credit and debit cards

13.) Coinbase Wins Feud as Visa, Worldpay Apologize for Card Issues

Visa issued a joint statement along with processor Worldpay apologizing for the issue

14.) How to stop websites from using your computer to mine Bitcoin (and more)

Anti-malware software firm Malwarebytes and IT security company ESET both warned of sneaky uses of JavaScript files that use the CPU of visitors to mine cryptocurrencies without their knowledge (or explicit permission). This can come in the form of malicious software that is installed on a user’s computer, an undetected JavaScript file that mines in the background or a pop-under window that can continue to mine coins even after the browser is closed

15.) Petro: What is Venezuela’s new bitcoin alternative and why is it so controversial?

The government of the crisis-hit country says it was created in order to help overcome financial sanctions imposed by the US and the EU. However, petro is considered to be illegal by opposition leaders in Venezuela, and there are also concerns that anyone who buys into it could quickly lose their investment

Crime & Punishment News Wire

16.) Coin thief charged with murder

A rescue at sea turned coin caper has resulted in murder charges following a joint investigation by the U.S. Coast Guard and Federal Bureau of Investigations

17.) Winder man charged in theft of coin, baseball card collections

On the day of the burglary, Gentry was arrested by Winder police at a supermarket in Winder on a charge of shoplifting and forgery, but was later released on bail, Adams said. During this arrest, Adams said Gentry was in possession of the stolen coins and stamps

Banknote News

18.) Alternative Payment Channels To End Naira’s Mutilation

Anor Anyanwu, a former Executive Director, Mainstreet Bank, said though the withdrawal of mutilated notes from circulation is the responsibility of the CBN and that currencies become very bad and are no longer useful the apex bank should withdrawal it and replaces it.

He, however, added that the damaged done to currencies are the responsibilities of Nigerian and Nigerians need to wake up from this abuse of the Naira

19.) Denmark selects Oberthur Fiduciaire as banknote supplier

The National Bank of Denmark has selected French firm Oberthur Fiduciaire as its new banknotes supplier

Metal Detecting, Treasure & Archaeology

20.) Wyoming Masonic Lodge can’t find century-old time capsule

The excavation was supposed to commence a celebration of the 100-year-old cornerstone in which the capsule supposedly was located. The plan was to open the time capsule from 1917 and carry over the items into a 2017 time capsule, which also would be filled with new items before being placed back into the cornerstone.

“We have no idea where it is,” Uecker said…

Museums & Exhibits

21.) Pirates, Shipwrecks Focus of History Center Exhibit

Featuring a 60-foot, 18th-century pirate ship as its centerpiece, the new, permanent addition to the History Center introduces visitors to explorers who landed in “La Florida” more than 500 years ago as well as little-known pirates like “Calico” Jack Rackham and Anne Bonny, who prowled Florida’s coasts in the 1700s.

The new gallery also dives into the science and technology of shipwreck recovery, showing how centuries-old vessels are recovered from the ocean floor

22.) Spink-sponsored British Museum exhibition aims to bring numismatics to the public

Olivier Stocker, chairman and CEO of Spink, said: “After celebrating our 350th year of continuous business in London, we wanted to lay the foundations for our next century in numismatics… and this partnership with the British Museum is a natural fit.”

The event, to run from March 22-September 30, is the first of two exhibitions that Spink is sponsoring

Upcoming Auctions & Events

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