Force or Mathematics: Fiat VS Cryptocurrency
Some people believe the US dollar is backed by gold. This is inaccurate. The US Dollar is backed by something alright, but not by an object of value. Fiat notes are propped up by the truncheon and gun. “Fiat” literally means “by decree or arbitrary order”. This implies that government Federal Reserve notes are only valuable insofar as their worth is....
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A public-private task force has submitted a report to the Biden administration that includes recommendations to tighten the regulation of cryptocurrencies, including bitcoin, with the aim to combat ransomware. “The cryptocurrency sector that enables ransomware crime should be more closely regulated,” the task force wrote. White House Urged to Tighten Crypto Regulation A task force, organized by the Institute for Security and Technology, submitted a report entitled “Combating Ransomware” to the Biden administration Thursday with 48 recommendations, some of which aim....
In an apparent message to critics of the Central African Republic’s bitcoin decision, the country’s president, Faustin-Archange Touadéra, recently argued that understanding the crypto’s disruptive power is crucial and that “mathematics don’t account for human emotions.” According to Touadéra, the country’s future generations are likely to applaud his government for “choosing the right path during hard times.” Bitcoin Adoption Beneficial for Future Generations In remarks that appear to be directed at critics of the....
Dmitry Koval, founder of Crix.io, a cryptocurrency trading platform, said in a recent interview: “Our mission is to contribute to the community and ecosystem by creating the best niche products such as exchange-traded futures contracts suitable for hedging and high-leveraged trading.” Mathematical Bitcoin Trading With Crix. In the cryptocurrency world, where volatility can swing at even circumspect news, precision and probability must co-mingle. To gather a behavioral understanding of cryptocurrencies — to discern its movement within a probabilistic range — requires a significant degree of....
Carl Force IV, a 46-year-old member of Baltimore’s Silk Road task force and former U.S. Drug Enforcement Administration agent, has been ordered to forfeit around US$500,000 in cash and bitcoin that he “confiscated” while investigating the Silk Road case. The criminal complaint filed against Force on March 25 read: Force stole hundreds of thousands of dollars’ worth of bitcoins confiscated during the Silk Road case and transferred them to his personal accounts. “FORCE stole and converted to his own personal use a sizeable amount of bitcoins that DPR sent to FORCE in FORCE's official....
Buying something when you only have cryptocurrency funds or buying crypto with fiat can still be challenging. This is where a swap service comes into play. A swap service allows you to switch from one cryptocurrency to another or from a cryptocurrency to a fiat currency. But you urgently need to buy some groceries and […]