ReHacked #21: Larry Flynt has died, some blockchain news and Amsterdam beats London.

Hello,

in today’s news: Amsterdam has displaced London as Europe’s biggest share trading centre after Britain left the European Union’s single market; Larry Flynt has died; Chech gunmaker buys Colt; 78rpm records digitized into internets archive and some more… Enjoy!

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Mastercard to open up network to select cryptocurrencies #blockchain #economy

Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.

The credit-card giant’s announcement comes days after Elon Musk’s Tesla Inc revealed it had purchased $1.5 billion of bitcoin and would soon accept it as a form of payment.

Amsterdam has displaced London as Europe’s biggest share trading centre after Britain left the European Union’s single market  #economy #brexit

Stock exchanges in the Dutch capital traded 9.2 billion euros ($11.15 billion) a day in January, compared to London’s 8.6 billion, according to the Cboe exchange, which operates in both cities.

This compares with an average of 17.5 billion euros traded daily in London during 2020, when Frankfurt was second with 5.9 billion and Amsterdam sixth at 2.6 billion, Cboe said.

Larry Flynt, founder of Hustler magazine and self-proclaimed "smut peddler who cares", has died aged 78. #history #culture

Flynt died in his sleep at Cedars-Sinai Medical Center in Los Angeles with family by his side, according to his manager.

He frequently courted controversy and was subject to lawsuits during a career spanning five decades.

America's 1% Has Taken $50 Trillion From the Bottom 90%  #economy #society #longread

According to a groundbreaking new working paper by Carter C. Price and Kathryn Edwards of the RAND Corporation, had the more equitable income distributions of the three decades following World War II (1945 through 1974) merely held steady, the aggregate annual income of Americans earning below the 90th percentile would have been $2.5 trillion higher in the year 2018 alone. That is an amount equal to nearly 12 percent of GDP—enough to more than double median income—enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. Every month. Every single year.

The Elfstedentocht, (English: Eleven cities tour) is a long-distance tour skating event on natural ice, almost 200 kilometres (120 mi) long, which is held both as a speed skating competition (with 300 contestants) and a leisure tour (with 16,000 skaters). It is held in the province of Friesland in the north of the Netherlands, leading past all eleven historical cities of the province  #culture #history

Czech gunmaker CZG buys Colt in cash and stock deal #economy

CZG-Ceska Zbrojovka Group said on Thursday it would acquire group Colt Holding Company for $220 million and CZG shares as the Czech gunmaker expands in the larger U.S. market.

CZG, whose firearms include CZ (Ceska Zbrojovka), Dan Wesson and Brno Rifles, is active already in the United States and building a factory in Little Rock, Arkansas.

The Czech group said it would acquire 100% in Colt Holding, the parent of Colt’s Manufacturing Company and a Canadian subsidiary, for the cash consideration and 1.099 million pieces of newly issued CZG stock.

78rpm Records Digitized by George Blood, L.P. Internet Archive

Through the Great 78 Project the Internet Archive has begun to digitize 78rpm discs for preservation, research, and discovery with the help of George Blood, L.P.. 78s were mostly made from shellac, i.e., beetle resin, and were the brittle predecessors to the LP (microgroove) era. #music #culture #history

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Dainius