Bitcoin

Stablecoins Are Crypto’s Version of Fractional Reserve Banking

January 6th, 2020

Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however,…

Crypto Fundraising Is Changing Again in 2020

January 4th, 2020

Funding is a prerequisite for any new crypto project, but with IEOs likely to play a reduced role in 2020, where will the all-important capital come from? While minted entities like Ripple, Tezos, and Tron certainly have the means to plow tens of millions into their chosen ventures, they can’t be expected to finance an…

BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed

January 3rd, 2020

On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere wondering whether or not the price truly follows hashpower….

Government Confirms Crypto Profits Not Taxable in South Korea

January 2nd, 2020

South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend the existing Korean tax law to include cryptocurrency. Crypto Gains Not Subject…

Central Bank Gold Hoarding Hits 50-Year High

December 30th, 2019

While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand this year stemmed from central bank purchases, most of…

Crypto’s Counterpunch to U.S. Hegemony and Empire

December 27th, 2019

“The Muslim world should be designing measures to save themselves from the domination of the United States dollar and the American financial regime.” —Hassan Rouhani, President of Iran Hegemony and Muslim Resistance Hegemony refers to the leadership or dominance of one country or group over others. A nation with the most powerful fiat and control…

Youtube ‘Christmas Purge’ Has Content Creators Pointing to These Alternate Platforms

December 26th, 2019

Recent widespread video removals have crypto Youtubers searching for greener and more dependable pastures for content production. While reports have since emerged of Youtube claiming the incident was an accident, and that videos are now being restored, the “Christmas Crypto purge” of 2019 has nonetheless burnt an indelible memory into the minds of dedicated Youtubers….

Speculation Abounds Regarding Youtube’s Removal of Crypto Content

December 24th, 2019

At least six crypto Youtube channels have reported in recent hours that their content is being removed under the site’s “harmful and dangerous” policy, with one popular channel claiming Youtube pointed to a “sale of regulated goods.” Chris Dunn is one of these, whose channel has over 200k subscribers and has had multiple videos removed…

PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin

December 23rd, 2019

According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed. Reactions to the announcement are varied,…

Reports Criticize Bitcoin SV Miners and the Chain’s Upcoming Fork

December 20th, 2019

In the last two days there have been two critical posts published against the Bitcoin Satoshi’s Vision network (BSV). On December 17, Binance Research published an allocation mining report that analyzed the mining activities of BTC, BCH, and BSV and the research detailed that BSV miners are mining irrationally to protect their investment. The following…