India Freezes Assets Of Binance Linked Crypto Exchange WazirX
The ED was investigating a money laundering case in 2021 involving Chinese-owned websites that offered illicit online gambling. As a result of the findings, India has freezed assets of Binance linked crypto exchange WazirX.
It Is Now A Criminal Offense In Israel To Pay More Than $1,700 In Cash
According to a new law, it is now a criminal offense in Israel to pay more than $1,700 in cash. Penalties for violators amount to 25% of the transaction for individuals and 30% of the transaction for businesses.
To The Police State, We’re All Criminals Until We Prove Otherwise
No longer are we presumed innocent. Now we’re presumed guilty unless we can prove our innocence beyond a reasonable doubt in a court of law. Rarely, are we even given the opportunity to do so.
3 Different Types Of Inflation
With increased access to money due to monetary inflation, companies and consumers may raise demand and drive up inflation across the board. As such a gloomy future loom over us, let’s take a look at the 3 different types of inflation.
Why The IMF Hates Bitcoin
The chief strategy officer of the Human Rights Foundation, a pro-Bitcoin NGO, said that the reason why the IMF hates bitcoin is that it is an outside currency that’s beyond the control of alphabet soup organizations.
Is Bitcoin Immune To Government Regulation?
Bitcoin is unique in that it is far more decentralized than the majority of web services we employ today. But is Bitcoin immune to government regulation? Bitcoin was designed to be a highly secure and decentralized system, but it is vital to remember that its most fundamental components are people, who are inherently unreliable and unpredictable.
European Central Bank Calls For Crypto Crackdown, Says They’re “Based On Nothing”
In a recent Dutch television program, Christine Lagarde of the European Central Bank called for a crypto crackdown, saying that they are based on nothing and may hurt investors.
How Banks Are Trying To Discredit Bitcoin
Bitcoin’s popularity grows year after year. By every criteria — financial value, adoption rates, transaction volume, you name it — Bitcoin is becoming popular. Fearing its capacity to upset the financial system, banks are trying to discredit Bitcoin and cryptourrency.
Goldman Sachs Offers Its First Bitcoin-Backed Loan
Goldman Sachs’ entry into the bitcoin-backed loan market is sending ripples across the industry and marks a turning point for the industry in aspects of liquidity, legitimacy, and customer choice.
How Decentralized Is Your Stablecoin?
My thinking on stablecoins has evolved greatly since I started writing about them four years ago. There are things I’ve gotten right (their emergence as a killer app for blockchain), things I’ve gotten wrong (the viability of Dai), things I was early on (adoption for vanilla payments) and things I remain conflicted on, like the viability of the undercollateralized AKA algorithmic variety.