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China’s Central Bank Accelerates R&D of its Legal Digital Currency

People’s Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency. In July, former PBoC governor Zhou Xiaochuan warned that China must take precautions against Libra and must compete against them. The PBoC started to research on digital currencies as Bitcoin became increasingly popular. Huawei’s CEO Responds to … Continue reading China’s Central Bank Accelerates R&D of its Legal Digital Currency

People’s Bank of China Announces Its Digital Currency is Ready

The Central Bank of China has announced that its digital currency can now be said to be ready. In a major event, the China forum as reported by local news site Shanghai Securities News on August 10, the deputy director of the People’s Bank of China (PBoC) Mu Changchun stated that over five years of … Continue reading People’s Bank of China Announces Its Digital Currency is Ready

Cryptoaddiction: The Uglier Side of Digital Currencies

John almost dropped the phone as he fumbled the handset out his pocket, his hands trembling with a heady mix of anticipation and fear. For the seventh time in the past hour, he opened a browser tab to check the most up-to-date price of his favorite obsession: Bitcoin. A figure flashed on the screen, and … Continue reading Cryptoaddiction: The Uglier Side of Digital Currencies

Digital Assets Market Update 12 August 2019

Bitcoin’s dominance is up by 1% (68.6%), the total market cap is down by 3.9% ($296bn)‚ and overall volume is down by 20% ($48bn) on the previous week. Bitcoin is down by 2.2%, Ethereum by 7.9%, XRP is down by 7.6%, and Litecoin by 10.8%. The best performers among the top-30 crypto were Binance Coin … Continue reading Digital Assets Market Update 12 August 2019

Fighting for Monetary and Financial Freedom

If we want to understand why blockchain will disrupt and uproot our current monetary and financial system, we need to understand the following: the history of currency; what is a currency; why currency exists; and the relationship between currency and wealth. Then we look at three key aspects (money form, money issuance, and the flow … Continue reading Fighting for Monetary and Financial Freedom

UN Investigates North Korea on Cyberattacks Funding WMD

The U.N. experts are currently investigating 35 cases in 17 countries where North Koreas were using cyberattacks to raise money for the military objective. They are calling for sanctions against ships that are providing gasoline and diesel to the country as a precaution for the money raised to be used for weapons of mass destruction … Continue reading UN Investigates North Korea on Cyberattacks Funding WMD

China's Shenzhen Special Economic Zone Now Supports Digital Currency Research

The Central Committee of the Communist Party of China recently announced that the Shenzhen special economic zone would be supporting research and the promotion of digital currencies. Shenzhen, a major city in China in the Guangdong area, is China’s first special economic zone. According to China’s state media Xinhua, the announcement stated: “The Central Committee of the … Continue reading China's Shenzhen Special Economic Zone Now Supports Digital Currency Research

Upwork Listed Cryptocurrency Affiliated Gigs as the Highest Paying for Freelancers

The Chief economist in one of the biggest freelance platforms Adam Ozimek has said that there has been an increase in the demand for freelancers with some tech-savviness. It was reported that there has been a tremendously growing need for workers who are tech-savvy or have one form of tech skill or another; most employment providers … Continue reading Upwork Listed Cryptocurrency Affiliated Gigs as the Highest Paying for Freelancers

Crypto, Tax, and the IRS: The Good, The Bad, and The Downright Ugly

They used to say that Al Capone feared the Internal Revenue System (IRS) more than he feared the FBI. This fear proved to be well-founded, as tax affairs did precipitate Capone’s downfall. Capone’s troubles with the IRS illustrates this piece well, but with a 21st-century twist. We’re not talking about ill-gotten gains made through bootleg … Continue reading Crypto, Tax, and the IRS: The Good, The Bad, and The Downright Ugly

Whatsapp is Close to Launching Digital Payments in Indonesia

Whatsapp, the Facebook-owned messaging platform has been engaging in preliminary talks with multiple Fintech establishments to launch digital payments in Indonesia. The digital payment system by Whatsapp could become the second country globally where it will be launched, as reported by Reuters. Facebook’s dealings with digital wallets could become a template for Whatsapp to adopt in other emerging markets … Continue reading Whatsapp is Close to Launching Digital Payments in Indonesia