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China Could Make Bitcoin Buzz Again as National Congress Looms

Having felt China’s influence before, this week it is important to keep an eye on the communist state as they gear up for their 19th National Congress of the Communist Party of China (CPC).This form of elections essentially for the totalitarian party will see some reshuffling and power plays between top officials who either fall on the conservative side, or the progressive. In the middle is Bitc

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The Satoshi Revolution: A Revolution of Rising Expectations (part 3)

Featured The Satoshi Revolution: A Revolution of Rising Expectations.Chapter 1: A Revolution of Rising Expectations (part 3).by Wendy McElroyA lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems th

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Bitcoin, Dash Can Now Be Spent at 40 Million Stores Worldwide, Thanks to Wirex Debit Card

Digital currency could quite possibly be transformative, providing a paradigm shift in the world’s interactions with money and finance. As Jihan Wu, CEO of Bitmain, recently blogged:“[Bitcoin] essentially rolls gold, cash, and our credit card system into one. It takes the strengths of each and leaves the weaknesses behind. It has the limited supply quality of gold, but can be used to purchase

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Challenging China: Taiwan Supports Mainstream Adoption of ICOs and Bitcoin

Taiwan’s Financial Supervisory Commission (FSC) has expressed its support for the mainstream adoption of initial coin offerings (ICOs), virtual currencies, and Blockchain in the country. The move is similar to Japan’s friendly approach to the disruptive innovations and in contrast to the campaigns by China and South Korea against them.Based on a report by The News Lense, the Taiwanese governme

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The Satoshi Revolution – How and Why Government Outlawed Private Money

Featured The Satoshi Revolution: A Revolution of Rising Expectations.Chapter 1: Listening to the Past (part 2).by Wendy McElroyHow did ratification of the United States Constitution in 1788 affect private money?People assume the United States Constitution grants Congress a monopoly ‘right’ to issue money. The assumption comes from Article 1, Sect

Taiwan’s FSC Chairman Opposes Heavy-Handed Cryptocurrency Regulations

Regulation Wellington Koo, the Financial Supervisory Commission (FSC) chairman, today expressed his desire for Taiwan to emulate Japan’s cryptocurrency regulations, also suggesting that he does not wish to adopt a heavy-handed legislative approach to ICOs. The statements have been made in the lead up to Taiwan’s “Financial Innovation Experiment

Bringing blockchains to the corporate world

2017 has been the most notable year so far in the development of cryptocurrencies and blockchain technology, and will be remembered as the year that crypto was put on the map. At the beginning of the year there was increased mainstream interest in blockchains (with the US Congress being briefed on the technology), then we saw corporations getting serious about their own blockchain efforts, and the

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Senate 2018 Budget Adds $1.5 tln to National Debt: Bitcoin Bubble?

The US Senate Budget Committee has released its 2018 proposed budget for approval in the larger congressional body. The proposal will then be matched with the House proposed budget and worked out for final approval, before being sent to the White House.The Senate proposal contains provisions that will increase federal spending for this year, adding a jaw-dropping $1.5 tln to the national debt over

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Swiss Regulators Investigating ICOs, Still Support Blockchain

The Swiss financial regulatory board, Financial Market Supervisory Authority (FINMA), has increased its investigations into ICOs in Switzerland, according to a press release yesterday. The move comes after a substantial uptick in the number of ICOs based in the country, according to the document.The Swiss financial board has also indicated that many of the ICOs that are currently active

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The Satoshi Revolution – Chapter 1: A Revolution of Rising Expectations

Featured The Satoshi Revolution: A Revolution of Rising Expectations, Chapter 1 (part 1).by Wendy McElroySection One: The Trusted Third Party ProblemChapter One: Listening to the Past“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the h

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