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Nigerian Vice President Yemi Osinbajo Contradicts Central Bank, Says Cryptocurrencies Must Regulated and Not Prohibited
27.2.2021
In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary...
From Gold to Greenbacks: A Look at the US Dollar’s Devaluation, Manipulation and Militant Backing
26.2.2021
228 years ago the U.S. dollar was created and ever since then, the national currency has been both powerful and controversial at the same time. Moreover since 1971, after being backed by precious metals for decades, American dollars have been backed by nothing and estimates say a quarter of...
IMF Representative of Nigeria Calls for Caution Over the Use of Cryptocurrencies
20.2.2021
The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that...
Bitcoin is a 'masterpiece of monetary engineering' Michael Saylor tells Austin Davis
10.2.2021
Michael Saylor, CEO of MicroStrategy, applies his training in thermodynamics to Bitcoin in an exclusive interview with Bitcoin pioneer and futurist Austin Davis
Blockchain Bites: Tesla Drives $1.5B Into Bitcoin, Brian Brooks Comments on Monetary Debasement
8.2.2021
Tesla plowed $1.5 billion into bitcoin, ETH futures went live on CME, Brian Brooks comments on dollar debasement
Halving & Burns on BitGesell – the Optimal Combination for Scarcity and Value in the Crypto Age
1.2.2021
BitGesell represents a deflationary cryptocurrency that closely resembles bitcoin, but comes along with a few design changes. Its value proposition stems from Silvio Gesell’s financial market philosophy, who imagined monetary units that lose their value over time through demurrage. To keep...
Harvard Economics Professor: Governments Will Not Allow Bitcoin on a Big Scale and They Will Win
24.1.2021
Harvard Professor of Economics and former Chief Economist at the International Monetary Fund (IMF) Kenneth Rogoff believes that governments will not allow bitcoin to flourish on a large scale. “The regulation will come in. The government will win,” he said. The professor also discussed...
IMF Tells Governments: Spend as Much as You Can and Then Spend More
17.1.2021
The head of the International Monetary Fund (IMF) has called on countries worldwide to spend as much as they can and then spend more. She admitted that this is a “very unusual” policy for the IMF but it is needed to revive economies. Many people are interpreting her statement as very...
IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies
17.1.2021
Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about 23%, or 40 central banks, “are legally allowed...
Crypto custody firm graduates Singapore Monetary Authority’s regulatory sandbox
11.1.2021
The Singapore-based Propine emerged from the MAS regulatory sandbox with a Capital Markets Services License, and authorization to begin offering digital asset services to institutions
The CFTC Asks Court to Issue Fines in Excess of $100M Against Mastermind of a Fraudulent Crypto Scheme
11.1.2021
The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme. According to the motion, the U.S. agency wants the court to order Ackerman to...
The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases
5.1.2021
The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above...
After promoting Bitcoin merch discount, Mark Cuban praises BTC monetary policy
27.12.2020
The billionaire seems to have one foot in, one foot out when it comes to Bitcoin
Economists Speak of ‘Once-in-a-Millennium Change’ in Monetary History
25.12.2020
Leading economists are suggesting that the world is heading for a sea change in terms of the way people use money – and think that cash’s days are numbered as digital forms of currency edge toward mainstream adoption.
Per the Japan Times, Masashi Nakajima, a professor of Economics and Business...
Record $15 Billion Worth of Cryptos Under Management After Institutional Investors Pump $429 Million in One Week
8.12.2020
A new report says institutional investors pumped $429 million into cryptos and cryptocurrency funds in the week ending December 7. The figure, which is the second-highest on record, pushes to the total value of digital assets under management (AUM) to an all-time peak of $15 billion. The largest...
Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution
6.12.2020
The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era
Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto
4.12.2020
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does...
Historian Niall Ferguson Says Bitcoin Is Winning the Covid-19 Monetary Revolution
2.12.2020
Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their wealth, Ferguson also notes that the bitcoin’s resilience...
ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins
1.12.2020
ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin,...
Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say
29.11.2020
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”