We haven’t heard its name bandied about much in recent years, but that doesn’t mean it isn’t still a major threat: inflation. As John Maynard Keynes once wrote: Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments […]
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With the increasing popularity of Bitcoin and the blockchain, more and more companies are pushing new blockchain ventures. But while many of those companies are trying to do their best to appeal to consumers and meet consumer needs, others are trying to anticipate the desires of government agencies and provide products for them. Enter Amazon. […]
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Litecoin founder Charlie Lee famously sold his entire holdings of Litecoin back in December. Now, he’s expressing some regret that he sold those coins. At the time, Lee stated that he wanted to ensure that Litecoin remained decentralized and that there would be no appearance of a conflict of interest, since as the currency’s founder […]
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Top cryptocurrency exchange Huobi, currently the world’s 4th-largest exchange, has followed the lead of many of its competitors by expanding its operations to Europe. Unlike most of its competitors, however, Huobi has decided to start up its European operations in London. As Huobi Group Vice President Peng Hu stated: “Not Malta, not Switzerland. Absolutely London, […]
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The European Parliament has recently voted to enact stronger regulation of cryptocurrency companies, including exchanges and wallet providers. The move comes in the wake of a December 2017 agreement with the European Council to enact new measures to combat the potential use of cryptocurrencies in money laundering, tax evasion, and other criminal activity. Once the […]
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For over one hundred years, monetary policy in the United States has been the purview of the Federal Reserve System. Over that period, the dollar’s value has decreased by over 96% as the Fed has pursued loose monetary policy for decade after decade. Yet despite that abysmal performance, the policymakers at the Fed still consider […]
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It has come as no shock to many computer users that the prices of key components have increased in recent years, reversing what had for many years been a pattern of gradually dropping prices. Computer builders who may have sought to upgrade were suddenly faced with significantly increased prices for RAM, video cards, and other […]
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Online whistleblowing site WikiLeaks was just recently informed by Coinbase that its account held with the company would be closed. According to Coinbase, the company was found to be in violation of Coinbase’s terms of service. While WikiLeaks is perhaps best known for publishing US State Department diplomatic cables, documents from the Democratic National Committee, […]
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In response to the New York Attorney General’s demands from cryptocurrency exchanges that they provide him with significant details about their operations, the CEO of San Francisco-based Kraken has announced that he intends not to answer those questions. Since the Attorney General had announced his intention to publicize any companies not answering his questions, Kraken’s […]
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New York Attorney General Eric Schneiderman has launched an inquiry into the business practices of 13 cryptocurrency exchanges. His office has sent letters to those exchanges to request, among other things, disclosures related to their operations, use of bots, conflicts of interest, and other issues. The companies targeted by the Attorney General include Coinbase, Gemini […]
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