Facebook’s Libra drew fire as Senator Sherrod Brown likened it to the 2008 subprime mortgage fiasco. Yahoo Finance has conveyed Senator Brown’s fierce sentiments about Libra as he recalled bankers proposed the innovative product that they deemed to be a game-changer. This would, however, not be the scenario as subprime mortgages instigated a turmoil. The … Continue reading Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco
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
Nicolas Colas, a market researcher and Co-founder of market research firm DataTrek Research, says that Bitcoin could be used as an indication for geopolitical turmoil. Bitcoin serving as indicators On August 14, in a CNBC interview, Colas had claimed that Bitcoin was one of the few assets whose price had predicted the Hong Kong’s protest … Continue reading Market Researcher States That Bitcoin is an Indicator for Geopolitical Turmoil
An online survey conducted by ING a banking giant in Austria had revealed that Austrians are are the most skeptical people towards Bitcoins and cryptocurrencies in general. The poll also included respondents from 15 other countries, and it had reflected growth in the weakening of Bitcoin-positivity in other countries as well, according to Der Standard on Aug … Continue reading ING Poll Reflects That Austrians are The Most Skeptical Towards Crypto
Cryptocurrency exchange giant Binance had alleged that a dusting attack had been launched on Litecoin (LTC). Being the fourth-largest altcoin, this had gained substantial attention amongst cryptocurrency proponents. The exchange had made a statement through a tweet on their social media account, on August 9, claiming that there had been a significant attack on the altcoin the … Continue reading Follow up: Almost 300,000 Addresses Hit in Binance Dusting Attack Launched Against Litecoin
The Central Bank of Brazil has adopted the classification of cryptocurrencies being sold or purchased under the International Monetary Fund (IMF) guidelines. According to the announcement from the Brazil Central Bank, IMF guidelines will now be followed. Cryptocurrencies will be classified as non-financial products and will be classified as goods on its balance sheet. The external sector … Continue reading Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines
Global investment fund Franklin Templeton Investments filed a preliminary prospectus with the United States Securities and Exchange Commission (SEC) for a money market fund where shares would be recorded and tokenized on the Stellar Network. Franklin Templeton Investments is based in California, ranking in the top 35 in terms of mutual fund managers, and has over … Continue reading Franklin Templeton to Enable Money Fund Shares on Stellar Network
Exclusive interview with Nathan Kaiser: Part 1 Nathan Kaiser, Chairperson of the Cardano Foundation and a long-time lawyer in the technology sector, shares his views on the crypto regulatory issues in different jurisdictions and blockchain governance. In particular, Nathan examines whether the forking mechanism allows for better blockchain governance and the reason why “blockchain governance … Continue reading Exclusive: Does Forking Mechanism Allow for a Better Blockchain Governance Model?
I believe blockchain to be the defining technology of this century and it’s come not a moment too soon. The technology is vital not only in and of itself but for the ethos that comes with it. Frequently when I speak with ‘non-blockchain’ people I find they still use those words – Ponzi, darknet, scam. … Continue reading Blockchain – The Most Important Technology of This Century
One of cryptocurrency’s strongest female supporters states that women tend to stay away from Bitcoin due to its high-risk level, hence its low popularity among women. Miss Universe Finland 2015 winner, Rosa-Maria Ryyti, had argued that Bitcoin’s risk factor has made it more appealing to men, in a twitter discussion on September 5th. Her statement … Continue reading Miss Finland: Most Women Stay Away From Bitcoin Because of Its Risk