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Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?


Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary...

Why Central Banks Are Not Designed for Democracies


Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks...

McKinsey: Majority of Banks May Not Be Economically Viable


Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....

Belarusian Bank Gets the Go-Ahead to Service Crypto Investors


A bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic...

How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise


Fiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling...

How Cryptocurrency Developers Can Earn Bitcoin Cash With REST APIs


A recent video by Chris Troutner, Senior Javascript Developer at Bitcoin.com, points out a problem with anti-profit seeking approaches to crypto development, and how devs can incentivize growth and attract business using REST APIs to earn BHC. Without incentives, Troutner notes, many promising...

Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’


Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative...

Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty


Cryptocurrency exchange Bittrex is discontinuing operations in 31 countries, including Venezuela and Zimbabwe. The trading platform has justified its decision on the basis of the regulatory uncertainty in these jurisdictions. Some of the nations in the list are going through political turmoil...

Fed Research Considers Negative Interest Rates Effective Policy Tool


A research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks....

Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky


The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed...

Economic Turmoil in Hong Kong Escalates as Colonial-Era Law Is Imposed


Colonial-era law has been imposed in Hong Kong causing the economic situation to degrade further, with empty ATMs and bank runs becoming a new norm. Protestors and non-protestors alike fear the martial law-like ERO (Emergency Regulations Ordinance) could eventually grind the city’s financial...

Banking Giant HSBC Set to Fire 10,000 More Employees


The banking sector continues to suffer drastic layoffs as the global economic outlook remains uncertain. The latest financial institution reported to be set for cutting a massive amount of workers is HSBC, which has already announced firing thousands of people just a few weeks ago. Also Read:...

Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies


Relations between Belarus and Russia have always been quite complicated. The union the two close allies created has faced all kinds of challenges over its 20 plus years of existence. Now cryptocurrency is becoming a new apple of discord, as Minsk has taken a relatively friendly approach...

Turkish Government Freezes Over 3 Million Bank Accounts


Hundreds of thousands of businesses and individuals with tax obligations to the Turkish state have received foreclosure notices this week informing them about their frozen bank accounts. The government of Turkey, which is struggling with financial and economic problems under geopolitical pressure...

Economic Infeasibility: the Reason behind Closure of Coinexchange.io


CoinExchange.io, an Australian cryptocurrency exchange, which was launched in 2016 has closed its all kinds of services. The company is backed by 500 Altcoins. It saw a daily trade volume of about $700,000 and has also featured at 100th rank on the CoinMarketCap’s exchange rankings. However...

Bitcoin Cash Meetups Help Plant the Seeds of Economic Freedom


Our newsdesk recently caught up with Bitcoin.com’s community manager Chris Bridgman who discussed the recent expansion of Bitcoin Cash-focused meetups worldwide. Over the last two years, Bridgman and his partner Akane Yokoo have seen BCH meetups grow from a small handful to around...

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