Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan

The deputy governor of the Bank of Japan, Masayoshi Amamiya, has warned that the creation of crypto by central banks could have a negative impact on economies, Reuters reports. According to Amamiya, Central Bank Digital Currencies (CBDCs) had the potential to take away the credit channels of commercial banks if they managed to replace private …

Inflation-Plagued Zimbabwe Is So Poor It Can’t Even Issue Passports

Zimbabwe’s woes continue as the cash-strapped southern African nation is now so poor it cannot even issue its own passports. President Emmerson Mnangagwa told reporters that the issuing company is refusing to do any further business with the government until it has settled its debts. According to Reuters, however, the passport office is running short …

Bitcoin Pretender Craig Wright Exposed by Calibri Typeface

The comedy of errors surrounding self-proclaimed Bitcoin creator Craig Wright took another turn this week. Documents presented during the ongoing Kleiman trial appear to show that despite Wright’s best efforts to fool the court, he was undone in the end by a simple typeface. Bitcoin Pretender Goes Back to the Future Among the exhibits presented …

Congress Demands Facebook Halt Work on the Libra Cryptocurrency

High-ranking legislators in Congress have issued a thundering rebuke to Facebook’s cryptocurrency ambitions, demanding that the Mark Zucker-berg led firm “immediately cease” work on Libra until the government says otherwise. House Democrats Demand That Facebook Halt Its Crypto Project House Democrats want to press pause on Facebook’s cryptocurrency ambitions. | Source: REUTERS / Dado Ruvic …

Roger Ver Compares Bitcoin Maximalists to Violent Left Extremists

In a five-minute video blog this week, Roger Ver compared violent leftists to Bitcoin maximalists, concluding that they share tactics and ideology. Is It Okay to Punch a Bitcoin Cash Supporter? A group of “Antifa” or anti-fascist demonstrators recently beat up a journalist, which has reignited the conversation around “free speech.” Ver then discussed the …

Bitcoin Mining Exec Reveals the Key to Sustaining Crypto’s Future

It’s no secret that mining bitcoin consumes an extraordinary amount of energy—in fact, more than the entire country of New Zealand. Such a level of energy consumption is not only a problem for the existential issue of climate change, but also threatens the sustainability of the entire bitcoin (and crypto) economy. If bitcoin mining becomes …

Warren Buffett’s Portfolio Lifted by Fintech Stocks. Is Bitcoin the Reason?

As Berkshire Hathaway finishes out Q2 2019, its top 10 performing stocks were dominated by fintech companies that are making innovations in digital payments. Warren Buffett may have bitcoin and crypto to thank. They may be what’s keeping Berkshire buoyant despite the $3 billion Kraft Heinz writedown in Q1. That resulted in a $4.3 billion …