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Square’s Major Bitcoin Buy: Puts 1% of Total Assets Worth $50 Million in BTC
8.10.2020
Square Inc. has put 1% of its total assets in bitcoin worth about $50 million. The company believes that “cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system.” Square’s Major Bitcoin Buy Square Inc....
Lyn Alden’s Latest: Why Currency Devaluation Is Inevitable
20.9.2020
This week’s “Long Reads Sunday” reading is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historical context
Monetary Policy Is Finished and Macro Debates Are Boring, Feat. Raoul Pal
17.9.2020
A wide-ranging conversation about the state of macro, why central banks can’t really do anything and why private markets are leading the future of money
How Monetary Policy Undermined American Resilience
10.9.2020
A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices
On quantitative easing, crypto and modern monetary theory
31.8.2020
Crypto needs financial products — simply positioned and simply transparent — to preserve and grow people’s assets in difficult times
First Mover: Monetary Challenges Aren’t Just Virtual as Fed’s Powell Returns to Jackson Hole
27.8.2020
Crypto traders are prepping for a speech by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming, where inflation is on the agenda
IMF Publishes Cryptocurrency Explainer, Saying It ‘Could Be the Next Step in the Evolution of Money’
24.8.2020
The International Monetary Fund (IMF) has published a video explaining what cryptocurrency is. Besides suggesting that cryptocurrency could “completely change the way we sell, buy, save, invest, and pay our bills,” the video states that it “could be the next step in the evolution...
Former RBI Governor and IMF Chief Economist Sees Value in Bitcoin and Facebook Libra
22.8.2020
Raghuram Rajan, former governor of the Reserve Bank of India (RBI) and chief economist at the International Monetary Fund (IMF), sees value in bitcoin, cryptocurrencies, and Facebook-backed libra alongside central bank digital currencies. Former RBI Governor’s View on Bitcoin, Crypto,...
Deposits in ‘Monetary Experiment’ Meme Token YAM Break $460M
12.8.2020
YAM, DeFi’s latest farm-fresh product, has never been audited. Yet that’s not holding back traders from pumping the token’s price to a high of $138 since it launched Tuesday
Greatest Chess Grandmaster: Bitcoin Empowers Public and Protects Dissidents
26.7.2020
Russian human rights campaigner and chess supremo Gary Kasparov has said that the current economic crisis, which has led to unconventional monetary policy, will drive people towards bitcoin. Bitcoin’s finite supply compares favorably to agenda-driven printing of money by governments, noted...
Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses”
17.7.2020
The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses. The report by The Nation of Thailand quotes Vachira Arromdee, BOT assistant governor saying...
Monetary Historian: Libra Will Never See The Light Of Day
10.7.2020
Economic historian Barry Eichengreen believes that stablecoins are either too fragile, or too expensive, to emerge as a dominant monetary form
The Breakdown: Why U.S.’ $2 Trillion Stimulus, Unlimited QE Will Expose Monetary System’s Flaws
7.7.2020
The U.S. government approved a $2 trillion stimulus package after the Federal Reserve pledged “unlimited” quantitative easing to stabilize the economy. CoinDesk’s chief content officer Michael Casey and head of research Noelle Acheson discuss how the ripple effects will expose flaws in global...
Modern Monetary Theory Is Too Good To Be True
3.7.2020
The Australian government is planning to spend AUD 190 billion (USD 132 billion) to support the economy in response to COVID-19, according to the latest Parliamentary Budget Office estimate.
The total impact of COVID-19 on the government’s net debt, including both revenue impacts (down, because...
Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
29.6.2020
The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that the country’s central bank has accumulated losses as much as 170 trillion pounds. The disagreement between the Lebanese government and the central bank...
Singapore Begins Crackdown on Unlicensed Bitcoin Sellers
24.6.2020
Singapore authorities charged a 23-year-old woman with breaking the city-state’s months-old ban on unlicensed bitcoin sales
China’s CBDC Adoption Plan Puts Domestic Monetary Control at Forefront
23.6.2020
China’s planned CBDC rollout is expected to see the digital yuan dovetailing with the country’s electronic payment systems
CBDCs Don’t Fix Broken Monetary Policy, Say Execs at Stablecoin Saga
22.6.2020
CBDCs promise to speed up existing systems but are unlikely to change the direction central banks have already been taking
Why Monetary Debasement Is Here to Stay, Feat. Dr. Vikram Mansharamani
19.6.2020
From technology to aging demographics, some of the most important trends shaping the economy have been deflationary. What happens when that rapidly changes?
Limitless Bailouts: US Federal Reserve Announces Billion-Dollar Corporate Bond Purchase Program
16.6.2020
During the last three months, the U.S. Federal Reserve has created a system of monetary avarice, as the central bank can literally do whatever it wants with zero oversight. The American public recently witnessed the Fed’s announcement on Monday, which explained the central bank will be buying...