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European Communist Action: Long live the 1st of May Long live socialism! – In Defense of Communism

For the workers and communist parties, the 1st of May represents a day of struggle, in remembrance of those who came before us and in honor of those who will continue the struggle.

The working people, not only in the countries of Europe, but in the entire world, have in the past years stood face to face with the inhumanity and brutality of the capitalist system, which has put the entire burden of the increasing prices on the shoulders of the working people. By simultaneously keeping wages down, the situation for the workers and other exploited strata has worsened in every country.

Through its policies, the bourgeois classes have not only achieved a significant cut in the real wages of the majority of workers, but they have succeeded in introducing more flexible forms of employment, abolishing the 8-hour day and in forcing upon the workers more and more unpaid work. The increasing pressure is not only felt in the workplaces, but in all spheres of life, where the commercialization of health, education and social security are all adding to the weight that the working people must carry.

Through its policies directed against small farmers, the bourgeois classes have further intensified the centralization and concentration of agriculture in the hands of a few, forcing small farmers out of business. It has produced hundreds of thousands of new impoverished pensioners, whose meager monthly earnings often do not cover the necessities of life.

But hope lies in the struggle, which the working people have shown. Where oppression and brutality has intensified, so has resistance. All over Europe, workers have striked and struggled to prevent capital from lowering their wages, in some cases winning victories and being able to defend earlier achievements; all over Europe, farmers have protested the impossible conditions under which they have been forced to work and live. In a difficult situation, where the strength of the bourgeois classes is evident, it is necessary to show a coordinated response to state, government and employer repression.

By class solidarity, by linking the different struggles, it is possible to counter the attacks of the bourgeoisie. It is not only possible to struggle for an increase in wages and pensions, for collective labor agreements, for a lowering of the retirement age and for unemployment benefits, but it is also possible to win.

At the same time as and in conjunction with the sharpening of the class struggle within each country, we observe a sharpening in the struggle within the imperialist system, and the more fierce struggle of every bourgeois class to expand the operations of its monopolies and companies. In this context, we highlight the necessity of the working people to struggle against this development, to oppose the policies of the EU and NATO and to reject them. The development finds expression in the increasing militarisation in every country, and in the regional wars and conflicts that arise, from the brutal terror unleashed on the Palestinian people to the prolonged imperialist war in the Ukraine.

Faced with the terror of capitalism, and its constant attacks on the peoples of the world, we declare that as it is, it cannot continue - the future under capitalism can hold nothing more than further impoverishment, humiliation and insecurity, and we stress the need for a revolutionary overthrow of capitalist exploitation by the development of the class struggle, and the struggle of the working people for the building of a new, socialist society, characterized by workers power.

We, the workers and communist parties of the European Communist Action send militant greetings to the struggling workers of the world, and we reaffirm our commitment to lead the struggle of the working people to its conclusion, to socialism.

Long live the 1st of May - Long live socialism!

eurcomact.org

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European Communist Action: Long live the 1st of May Long live socialism! - In Defense of Communism

Hong Kong Bitcoin and Ether ETFs have tough debut on first-day trading – Cointelegraph

The launch of spot Bitcoinexchange-traded funds (ETFs) in the United States has proved hard to follow as Hong Kongs new Bitcoin and Ethereum ETFs hit $12 million in trading volume.

Spot Bitcoin (BTC)and Ether (ETH) ETFs finally hit Hong Kong markets, but trading volumes suggest that the launch of spot Bitcoin ETFs in the United States set an exceptionally high bar to match.

The six new crypto ETFs total trading volume at the closing bell on day one in Hong Kong was 87.58 million Hong Kong dollars ($12 million). This number pales compared to the first-day trading volume of U.S. spot Bitcoin ETFs, valued at $4.6 billion.

Data shared by the Hong Kong Stock Exchange (HKEX) highlighted the relatively flat performance and interest in the six spot Bitcoin and Ether (ETH) ETFs managed by China Asset Management, Harvest Global, Bosera and HashKey.

The Bosera HashKey Bitcoin ETF recorded 249,000 HK$ in first-day trading volume, while the Bosera HashKey Ether ETF produced 99,000 HK$ in trading volume at the closing bell.

Related:Hong Kong Bitcoin and Ether ETFs officially approved to start trading on April 30

The China Asset Management (CAM) Bitcoin ETF fared far better, seeing 4.6 million HK$ in trading volume. Trading had opened at 8.080HK$ and closed at 7.950 HK$. CAMs Ether ETF recorded 4.6 million HK$ in trading volume by the closing bell.

Wu Blockchain had previously reported that CAM subscription size for its spot Bitcoin and Ethereum ETFs attracted $140 million during the initial offering period before trading began.

HKEX previously highlightedinvestor interest in its cryptocurrency futures ETFs, which were first launched in late 2022. Its three VA Futures ETFs attracted $529 million in net inflows in the first quarter of 2024 - adding to the hype around the spot BTC and ETH ETFs launch on April 30.

The South China Morning Post reported that local fund managers and brokerages are offering fee exemptions in an attempt to draw investors to the new crypto ETFs.

Harvest is waiving its management fee for six months while Borsera has forgone its management fee for four months.

The publication also intimated that investors in mainland China could potentially have access to the newly launched products. However, this could be mitigated by KYC policies relating to mainland Chinese identity cards.

Magazine:68% of Runes are in the red Are they really an upgrade for Bitcoin?

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Hong Kong Bitcoin and Ether ETFs have tough debut on first-day trading - Cointelegraph

Florida children to learn that communism is evil, slavery a skills training program – The South Florida Times

A new Florida law requires public schools to teach students in kindergarten through 12th grade age-appropriate and developmentally appropriate lessons on communism. The Florida Department of Education will develop lessons which, as The Miami Herald noted, will focus on the history of communism, the increasing threat of communism in the United States and the atrocities committed in foreign countries under the guidance of communism.

A mandatory topic for the lessons, starting in the 2026-2027 school year, will be [t]he increasing threat of communism in the United States and to our allies through the 20th century, along with the economic, industrial and political events that have preceded and anticipated communist revolutions.

Gov. Ron DeSantis signed the bill during a mid-April visit to the Hialeah Gardens Museum coinciding with the 63rd anniversary of the failed 1961 CIA-directed Bay of Pigs invasion of Cuba. My view is we might as well give them the truth when they are in our schools because a lot of these universities will tell them how great communism is, so we are setting the proper foundation, DeSantis said as he stood at a podium displaying a sign, ANTICOMMUNST EDUCATION, The Herald reported. We are committed to telling the truth about this ideology and we are going to make sure that people have a very accurate understanding of the human carnage that has resulted from communist regimes throughout history.

An Institute for Freedom in the Americas will be established at Miami Dade College, based at its Freedom Tower in downtown Miami, to preserve the ideals of a free society and promote democracy in the Americas. The institute will sponsor workshops, symposiums and conferences in partnership with Florida International Universitys Adam Smith Center for Economic Freedom. A history of communism museum is also proposed.

It will not be the rst opportunity for Florida students to learn about communism. As USA Today Network noted, they currently can receive lessons on communism in high-school social studies courses or in a seventh-grade civics and government course. Also, a high-school government class required for graduation includes 45 minutes of instruction on Victims of Communism Day and covers communist regimes through history.

It should be a surprise that, according to USA Today Network, the bill had bipartisan legislative support, with only seven Democrats in the House and Senate opposed. But the legislation is obviously directed at the states Cuban American population, estimated at two million or around 70 percent of the total nationally. They have been decisive in elections and vote mostly Republican. Democrats who supported the bill evidently hoped to cut into that support.

So it is merely pandering because there is no chance that communists will take over the United States. A rightwing dictatorship is much more likely and that is what should be taught in schools. Membership in the Communist Party of the United States is estimated at around 5,000 compared to 100,000 at a 1940s peak while millions harbor anti-democratic sentiment, stoked by former President Donald Trump. If, as DeSantis said, universities will brainwash students on how great communism is, they are doing a bad.

It is no coincidence that, like several others which the Legislature passed and DeSantis signed, the anti-communism bill was apparently inspired by an outside source. Heritage Foundation president Kevin D. Roberts interviewed talk-show host Jesse Kelly on the topic on his radio show, focusing on Kellys book The Anti-Communist Manifesto. The introduction, according to the transcript, claims: Hiding behind a veil of progressivism, todays communists have inltrated many of the institutions that Americans cherish and use their newfound power to control and regulate the actions of everyday Americans. Really?

In fact, this is just a return to U.S. Sen, Joseph McCarthys Red Scare campaign against communists in the early 1950s by todays Republican Party and Trump. The former president lumps communists with Marxists, fascists and the radical left thugs that live like vermin within the connes of our country Florida lawmakers and the governor are, as usual, just falling in line.

DeSantis did not mention that there are only ve communist-governed countries today China, Cuba, Laos, Vietnam and North Korea compared to the dozens during the existence of the Soviet Union. And while he talked about the human carnage that has resulted from communist regimes throughout history, communism as an ideology originated in 1848 with the publication of the Communist Manifesto by Karl Marx and Frederich Engels and the Soviet Union declared itself a socialist state in 1922. There was a whole lot of history before that.

The anti-communist bill provides a stark contrast with how state policy deals with the more than 3.6 million African Americans who comprise nearly 16 percent of the population. The lawmakers and the governor have enacted laws that are downright unfriendly to them. They have limited discussion of race in schools and maintain that slavery was a skills-training program, even though it, too, produced a human carnage. They banned critical race theory (CRT) from classrooms where it never existed. CRT is a highly technical academic argument, usually in law schools, which insists that racial discrimination is baked into the American system. DeSantis has claimed that it teaches children to hate this country or to hate each other." Also barred are programs that seek to address that very racial inequality which he says does not exist. Those include diversity, equity and inclusion (DEI) and, in the case of businesses, environmental, social and governance (ESG) initiatives.

This, and more, has been happening partly because the Democratic Party, to which a majority of African Americans belong, seems unable to compete with Republicans. That failure has been worsened by Republican political sleight-of-hand and gerrymandering.

The result has been, as the Daytona Beach News-Journal reported last year, that while Republicans comprise 36 percent of voters, they are 71 percent of state lawmakers. More than 60 percent of the members of the Florida House of Representatives and 70 percent of the Senate are European Americans; African Americans are 18.3

percent and 17.5 percent, respectively. Few African Americans hold key executive positions; the notable exception is the surgeon-general, Dr. Joseph A. Ladapo, whose claim to fame is his willingness to blindly support DeSantis, who appointed him, in rejecting health science.

This lack of representation has produced signicant consequences for African Americans. The Florida Department of Health reported that, from 2018 to 2020, the death rate from heart disease for those aged 35 or older was 338 per 1,000 18.6 percent higher than the 285 for European Americans. The stroke death rate was 120 per 1,000, or 58 percent higher than that for European Americans, at 76. Infant mortality rate in 2007 was 13.36 and 5.18, per 1,000, respectively.

U.S. Census data put the average African American household income at $48,998 30 percent less than for European Americans. The National Association of Realtors reported that 49 percent of African Americans owned their homes, compared to 75 percent of European Americans. African American enrollment in public universities declined by 12.2 percent between 2010 and 2022; that could drop further because of the hostile environment which has been created.

But there is one area in which African Americans surpass European Americans. Though they are 17 percent of Floridas population, they comprise more than 47 percent of state prisoners.

State lawmakers answer was to declare war on a non-existent communist threat, while ignoring the fact that Florida was a slave state, with the enslaved working on cotton and sugar plantations, and that European American terrorists destroyed entire African American communities. But no study or institute has been mandated to explore that history and its consequences. If African Americans hunger for such education, they can always turn to the churches, such as Macedonia Missionary Baptist Church in Melbourne which began offering Conscious Reality Teaching classes.

The Rev. L. Ronald Durham, pastor of the Volusia County Democratic Black Caucus, told Florida Today in November, Unless the Legislature comes to its senses and realizes how much damage is being caused by their openly hostile bills targeting minorities and women, we are heading toward a society that has the potential to implode, causing untold psychological repercussions that will take years to overcome.

Should that happen, of course it will be blamed on communists.

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Florida children to learn that communism is evil, slavery a skills training program - The South Florida Times

This bitcoin miner and Nvidia AI cloud partner’s stock could go up 50%, Berenberg says – CNBC

Frankfurt-based tech company Northern Data , prominently known for bitcoin mining, has recently transformed its business model into cloud solutions and data center infrastructure. This shift has caught the attention of investment bank Berenberg, which started coverage of the company's stock with a Buy rating and a price target of 39 euros ($41.84) per share, indicating a potential 53.2% upside from the current share price as of April 26. Listed on the Frankfurt Stock Exchange, Northern Data has three core divisions: Peak Mining for bitcoin mining, Taiga Cloud for cloud computing and Ardent Data Centers for data center infrastructure. Berenberg holds that the market has largely overlooked the growth prospects for Taiga Cloud's offering. Shares of Northern Data are also traded over the counter in Italy and the United States, but trading frequency and volumes are expected to be very low. NB2-DE 1Y line The business transformation isn't the first for the company, which has been listed since 2015. Formerly known as Biosilu Healthcare, the company was a pharmaceutical broker for Asian markets until early 2018. It then pivoted to crypto mining operations and was renamed Northern Bitcoin , making it one of the earliest listed firms to enter the crypto scene. In its current format, Northern Data continues to evolve with the acquisition of a data center in Pittsburgh earlier this year. The company said it will expand the facility fourfold by the second half of next year. Northern Data is also expected to benefit from advances that its subsidiary Ardent Data Centers has made in liquid-cooling technology in its crypto mining operations over the years. "We believe that the significant investments that Northern Data has made in the latest liquid-cooling mining technology and the expansion of the company at its existing North Dakota and new Texas sites should enable it to achieve high bitcoin production and mining profitability," Berenberg analysts Gerhard Orgonas and Jenna Xu said in a note to clients on April 25. "We think that Northern Data's knowhow in energy-efficient, state-of-the-art, liquid-cooled data centres makes it a competitive colocation services provider, especially given the increasing efficiency requirements for generative-AI applications." The investment bank estimates that Peak Mining can achieve revenues of over 170 million euros by next year , with adjusted margins above 40%. But it's Northern Data's cloud solutions that analysts are eyeing. The company's Taiga Cloud division is certified as an "Elite" partner of Nvidia , making it one of the largest providers of Nvidia-based cloud services in Europe. The investment bank forecasts annual revenues of around 400 million euros and adjusted profits of about 290 million euros from Taiga Cloud from 2026 onward. Northern Data's cloud computing platform is expected to have 20,000 Nvidia AI chips, worth 730 million euros, by the third quarter of 2024, the note said. Northern Data's founder and CEO Aroosh Thillainathan has also demonstrated his confidence in the company by announcing plans to acquire shares worth up to 30 million euros this year. As of Mar. 21, the company said that Thillainathan's stake in Northern Data Group has increased to 3.8 million shares, representing approximately 7.15% of the business' current share capital.

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This bitcoin miner and Nvidia AI cloud partner's stock could go up 50%, Berenberg says - CNBC

‘Bitcoin Jesus’ Roger Ver arrested on $50m tax fraud – crypto.news

According to an unsealed U.S. Department of Justice indictment, early Bitcoin investor Roger Ver was charged with tax evasion and arrested in Spain.

The Department of Justice (DOJ) indictment alleges that Ver promoted Bitcoin (BTC) and acquired the leading cryptocurrency through personal funds and two companies starting in 2011.

Also known as Bitcoin Jesus, Ver renounced his U.S. citizenship through expatriation in February 2014 and secured citizenship from St. Kitts and Nevis, per the Justice Department. At this point, Ver was supposedly required to file tax returns for capital gains from his Bitcoin-inclusive holdings and disclose the fair market value of his assets under U.S. laws.

Ver reportedly owned around 131,000 bitcoins personally and another 73,000 through MemoryDealers.com Inc. and Agilestar.com Inc. Both entities were domiciled in the U.S. and remained subject to U.S. legislation.

DOJ prosecutors alleged that Ver liquidated several thousands of Bitcoin in 2017 for an estimated $240 million but never paid capital gains or exit tax as mandated by law, despite him no longer being a U.S. citizen.

The indictment explains that the investor was still legally obligated to report certain distributions, such as company dividends for MemeoryDealers and Agilestar.

Instead, the Justice Department claimed that Ver hid his accounts from the IRS and concealed proceeds from the 2017 Bitcoin sales, with a tax bill of over $48 million due.The United States government will seek to extradite Ver following his arrest in Europe and prosecute him on American soil.

Ver was a prominent Bitcoin evangelist in the early days of crypto and went on to serve as CEO of Bitcoin.com, one of the first platforms where users could store and trade the worlds largest blockchain asset.

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'Bitcoin Jesus' Roger Ver arrested on $50m tax fraud - crypto.news