There is a lot of money – and it will make most people poor. We think of money as wealth – but it isn’t. Money is a means of accounting and nothing more. You can ask John Law about it – and ask him how the Mississippi bubble ended. Some think that the French Revolution… Read More
Tag: crypto taxes
China Allows News About Ethereum on State Television – Does Beijing Need Crypto?
In a recent coverage by the CCP state media, Ethereum DeFi was featured as one of the main reasons for the rush higher in Bitcoin prices after the early crash in 2020. Talk about crypto also went out on social media about the news – although many don’t understand the risks that surround fiar currency… Read More
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Diginex CEO Says Technological Progress is Deflationary – But Inflation Might Be Coming
Diginex CEO Richard Byworth says that technical advances might not save people money as expected, due to the inflationary ideas of central banks and governments. In a recent conversation with media, Byworth stated that “Technology is just so deflationary on many of our goods and services.” Diginex business’s core strategy is to develop a platform… Read More
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China Practices Deceptive Business as Banned apps are Coming Back
Over the summer of 2020 India banned at least 59 Chinese mobile apps due to the vast amount of data collected by these programs – citing a “sovereignty and security” threat. This is catastrophic as India is the second-largest population in the world and an emerging market of mobile users. In the last few months, India… Read More
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Twitter CEO Thinks Future Online Content Creation Will be Based in Blockchain
Last week the CEO of Twitter and Square, Jack Dorsey, presented a webinar for the Oslo Freedom Forum 2020 which is organized by the Human Rights Foundation. In the conference Dorsey shared his thoughts about the vision of the social platform and new hopes Bitcoin and blockchain technology would bring to Twitter. In his speech,… Read More
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Most Crypto Exchanges Are Not Fully Secured By Design – According to Bybit CEO
Following the KuCoin attack by hackers, crypto exchange security is a hot topic. Bybit CEO Ben Zhou said that the event should not surprise people, as exchanges are insecure by design. In his interview with media, the CEO said that crypto exchanges operate as a potential risk, or “a single point of failure” posed in… Read More
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Global Currency Collapse and Trade Wars Will Benefit Decentralized Assets
According to some – we may be entering the critical phase of the fourth turning. There isn’t much good news if that is the case – and we can expect to see major issues with how the global order is maintained. One of the biggest problems the world faces is how interconnected the trade and… Read More
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Cambridge University Study States There are Now 100 Million+ Crypto Users Globally
Cambridge University has released the third edition of its research project called the “Global Cryptocurrency Benchmarking Study,” which has been published annually since 2017. This 71-page publication was conducted by Cambridge and Center for Alternative Finance school, collecting opinions from hundreds of major crypto interests. According to the study, the crypto industry is growing, but there… Read More
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Iran Allows Power Plants to Mine Bitcoin – is Official Support for Decentralized Money Next?
Recent changes in Iranian law will allow powerplants in the nation to mine Bitcoin – and one already has a generator set up for the purpose. The support for Bitcoin is hard to ignore, and opens up a few questions about the future of the platform. Having nations (via state infrastructure) mining Bitcoin is undoubtedly… Read More
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Crypto and Other Assets Fall on USD Strength – is the Big Bounce Over?
It has been a rough week for anything buy the US dollar. The USD has taken out key levels against the Euro, and a wider risk-off market trend is probably well underway. We have been warning about this possibility for months – and it may be more severe than many in the markets realize. To… Read More
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