Tag Archives: cryptocurrencies

Venezuela's plans to issue a cryptocurrency are an early warning of an attack on the Western-dominated global financial system.… The kicker. To keep its dominant role in the global financial system, the West is essentially interested in holding back progress. That, perhaps more than anything else, gives non-Western powers, including rogue ones, a potential technological advantage born of strong incentive.… Good luck with holding back progress. Bloomberg ViewGovernment-Run Digital Currencies...

A new wrinkle in free riding.Ars TechnicaWebsites use your CPU to mine cryptocurrency even when you close your browser Dan Goodin | Security Editor

Coinhive harnesses the resources of 500 million people with no questions asked. Ars TechnicaA surge of sites and apps are exhausting your CPU to mine cryptocurrency Dan Goodin | Security Editor at Ars Technica

Kazakhstan's government-supported Astana International Finance Center (AIFC) said Tuesday it had signed a deal of cooperation with Maltese firm Exante Exante said it would work with the AIFC to develop the ex-Soviet nation's untapped cryptocurrency market Kazakhstan's entry into the digital currency ecosystem would be underpinned by Exante's new blockchain platform, 'Stasis' When it rains it pours. In August, Estonia proposed its own state-backed digital asset, which would be called...

Well-reasoned analysis from an cryptocurrency advocate's point of view:  A win for cryptocurrency and a win for Putin that will be a win for Russia. Gold Goats n GunsRussia’s Crypto-Ruble Just Changed the Game Tom Luongo also The DuranCrypto-Rouble: Russia to launch first state sanctioned cryptocurrency in the worldAdam Garrie

Rumors confirmed. After months of speculation and conflicting messages, ministers have announced the Russian Federation is to issue its own official cryptocurrency - the CryptoRuble. The landmark development makes Russia the very first government in the world to official pursue virtual tender. China likely not to be far behind.Interesting article. Short and worth a read in full.Sputnik InternationalVladimir Putin Endorses Russia's New Cryptocurrency

Everything you wanted to know about cryptocurrencies from an MMT perspective.Modern Money MattersCrypto-Shilling Neil WilsonSee also Bitcoin transactions use so much energy that the electricity used for a single trade could power a home for almost a whole month, according to a paper from Dutch bank ING. Bitcoin trades use a lot of electricity as a means to make verifying trades expensive, therefore making fraudulent transactions costly and deterring those who would seek to misuse the...

Goldman has yet to speak. The billionaire banker tweeted on Tuesday that he wasn't completely sure about his stance on the red-hot cryptocurrency.Blankfein said he's "still thinking about bitcoin" and that he was not flat out endorsing or denouncing the digital currency.... Business InsiderLloyd Blankfein says he's still studying bitcoin, people were also 'skeptical when paper money displaced gold' Frank Chapparo

I would like to consider the possible impact of three innovations—virtual currencies, new models of financial intermediation, and artificial intelligence. Some of these innovations have already found their way into our wallets, smartphones, and financial systems. But that is only the beginning. Are you ready to jump on my pod and explore the future together? As one of your fellow Londoners—Mary Poppins—might have said: bring along a pinch of imagination! 1. Virtual currencies...

Much more than the title suggests. Government is assserting its currrency sovereignty. Zero Hedge PBOC Researcher: China Should Start Its Own Sovereign Digital Currency "As Soon As Possible" Tyler Durden