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The Myth of Authority: Mnuchin Denies USD Is Used Criminally
22.7.2019
U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of...
Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System
22.7.2019
Money is one of the most important but least understood manmade tools in existence. For more than 5,000 years humans have used a tool of exchange called money to facilitate trade. During this timespan, the evolution of money has evolved into a system of information, a social contract, and a ranking...
How the Blockchain Stops Cheaters: Cryptocurrency and Provably Fair Gaming
21.7.2019
Online casinos and betting sites have proliferated since the first of their kind came on the scene in 1994. Thanks to the convenience of playing from home, the allure of winning real money, and a degree of privacy, these popular sites continue to evolve. There have been major problems, though...
With Carbon Money, You can now Buy Cryptos on TRON within the App
19.7.2019
Yesterday, Justin Sun, the founder of TRON and the current CEO of BitTorrent; announced on Twitter about the latest integration with Carbon. Carbon is a FinTech company based in New York. The company’s vision is to make blockchain apps more user-friendly. Its area of focus is on the payments...
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
Japan Has FATF Green Light to Create ‘SWIFT Network’ for Crypto: Report
18.7.2019
Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT
Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide
16.7.2019
Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates,...
Traditional Money Could Be ‘Surpassed’ By E-Money, Stablecoins: IMF Paper
16.7.2019
A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption
UK Announces ‘Dirty Money’ Crackdown, Including Tougher Crypto Regime
15.7.2019
The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets
‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders
12.7.2019
P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically...
What Are Dollars Used for, President Trump? – The Gun Money Known as USD
12.7.2019
Donald Trump has taken to Twitter yet again, and this time he’s talking about bitcoin and the superiority of the United States dollar. Bashing lack of regulation and potential for criminal activity inherent to crypto, Trump claims the U.S. fiat will always be the strongest currency in...
Canada: Crypto Exchanges Must Register With Financial Watchdog Next June
11.7.2019
Crypto exchanges serving Canadian residents will be required to register with FinTRAC as of next June
Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra
10.7.2019
The chair of the Federal Reserve said Facebook needs to address a number of concerns thoroughly and carefully before it can move forward with Libra
Binance Expands Fiat Trading Pairs for Singapore Exchange
10.7.2019
The expansion of its fiat-enabled trading platform in Singapore has been announced by major cryptocurrency exchange Binance
Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society
10.7.2019
It’s very odd that citizens never get to vote or have any say in regard to society’s money, even though it’s one of the most important aspects of everyday life. In fact, in developed countries, most central banks are institutions that are privatized from political interference...
IndieWeb and Webmentions
9.7.2019
The IndieWeb is a thing! They've got a conference coming up and everything. The New Yorker is even writing about it:
Proponents of the IndieWeb offer a fairly straightforward analysis of our current social-media crisis. They frame it in terms of a single question: Who owns the servers? The bulk...
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
9.7.2019
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly...
Report: Fortress Offers to Buy Mt. Gox Bitcoin Claims at $900 a Piece
9.7.2019
Fortress Investment Group is reportedly buying Mt. Gox creditors’ bitcoin claims at $900 each
Who Are the Real Thieves? Danish Authorities Seize 3 Ferraris in Tax Evasion Crackdown
8.7.2019
Last week Danish authorities seized three Ferraris belonging to a large Copenhagen-based business allegedly seeking to avoid VAT. With the largest bank in Denmark—Danske Bank—also being embroiled in a tax avoidance scandal last year, it seems timely to explore the common libertarian...
Crypto 101: Gauging Trend Strength With the Chaikin Money Flow
7.7.2019
CoinDesk details the Chaikin Money Flow indicator, which is used to quantify trend strength around volume and market pressure