‘Chinese Invented Paper Money and They Will End It’- Brazil’s Far-Left Praise...
Digital currencies, those issued by central banks in particular, have been commended for their “disruptive nature.” The praise comes from a publication associated with one of Brazil’s far-left parties. A recently published article claims that CBDCs such as China’s digital yuan can radically change global finances and government policies. Digital Yuan to Do Away With America’s ‘Exorbitant Privilege’ Vermelho, a news portal linked to the Communist Party of Brazil, points out that the People’s Republic is the world’s first major economy....
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Antonis Polemitis is Managing Director of Ledra Capital. He has written a series of blog posts about bitcoin which can be found here. In this article, he casts a satirical eye over how a new currency 'cash' would be described by the press if invented today. Breaking News: Bizarre, Shadowy, Paper-Based Payment System Being Rolled Out Worldwide! World governments announced a plan today to allow citizens to anonymously carry parts of their wealth on their person and exchange it with others using small pieces of colourful paper. The paper is printed with nationalistic and Masonic imagery,....
Brazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). Earlier in May, BCB released a document covering the general guidelines and characteristics of Brazil’s future CBDC. Roberto Campos Neto, BCB’s chief central banker, also stated earlier last year that the country […]
In a surprise move, the Chinese government’s primary information technology ministry has published a research paper detailing blockchain’s benefits. Although it looks at many industries, the paper highlights the financial sector for blockchain technology’s first applications. Contributions From Many Chinese Industry and Government Sectors. The paper is....
Six years ago on October 31, 2008, Satoshi Nakamoto, the mysterious inventor of Bitcoin, announced the concurrency on the Cryptography mailing list. A lot of water has passed under the bridges since then. In 2014, six years after Bitcoin was unleashed onto the world, a book, "Bitcoin and the Future of Money" and a film "The Rise and Rise of Bitcoin" tell the awesome story of Bitcoin. The identity of Satoshi Nakamoto is still unknown, but his place in history is assured, and his original Bitcoin paper "Bitcoin: A Peer-to-Peer Electronic Cash System" is a must read for all Bitcoin....
When the Chinese Ponzi scheme MyCoin vanished without a trace, stealing investment money from patrons across the board, many people went to the Hong Kong police first and foremost. MyCoin stole their money, and they want it back. Also Read: Hong Kong Bitcoin Exchange MyCoin "Lost" $387 Million of Customers' Money. MyCoin was supposed to be a bitcoin exchange and gathered enough interest to claim 3,000 customers investing $128,966 each. They made sure to leave no paper trail, as often happens with bitcoin scams. When they left, citizens of Hong Kong that invested were without any recourse....