money

In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix

</header> <strong>Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims to limit the use of paper money …

In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix Read More »

Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens

</header> <strong>Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients. Regional reports disclose Lebanese bank customers often wait for hours …

Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens Read More »

Why Nick Szabo Probably Isn’t Satoshi

</header> <strong>Search online for ‘possible creators of Bitcoin’ and Bit Gold creator Nick Szabo will always appear near the top of the list. His long history in the cypherpunk space, his writings on money, digital cash, and smart contracts, and some facts about his past have often been used to create a compelling picture that …

Why Nick Szabo Probably Isn’t Satoshi Read More »

Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property

</header> <strong>A phenomenon like bitcoin can gain recognition, including regulatory, in many different and often unexpected ways. Governments that hesitate to accept cryptocurrencies as legal tender, sometimes validate their existence indirectly and even acknowledge they can be used for payments. Taxing crypto incomes and profits is one such example. Russia has just provided another one …

Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property Read More »

The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History

</header> <strong>Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame the turbulent economy. Nearly every day the Federal …

The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History Read More »

Is China’s New Fascination With Blockchain Really Good for Bitcoin?

</header> <strong>Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging field. Some say Xi’s statement brought back …

Is China’s New Fascination With Blockchain Really Good for Bitcoin? Read More »

Cash Runs Dry at ATMs as Protests Escalate in Chile

<header class=”article__header”> </header> <strong>There’s a lot of unrest in Chile right now as the country has seen massive protests against government manipulation and an escalation of financial problems. Local reports detail a few banking establishments have been burned after customers started having issues withdrawing cash from ATMs. Issues with the bank machines that don’t work …

Cash Runs Dry at ATMs as Protests Escalate in Chile Read More »

The Demand for Permissionless Freedom Is Just Getting Started

<header class=”article__header”> </header> <strong>Every year the world seems to be getting crazier and more people are starting to realize that it stems from oppressive government transgressions against a peaceful society. The world has noticed millions of people from France, Hong Kong, Venezuela, Indonesia and more are rising up because citizens are sick and tired of …

The Demand for Permissionless Freedom Is Just Getting Started Read More »

Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates

</header> <strong>Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At the subsequent …

Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Read More »

How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise

</header> <strong>Fiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling out acts of god and unforeseen circumstance, …

How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise Read More »