Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile

Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch. Reserve Bank of Zimbabwe Suspends Mobile Money Service Owned by banks, Zimswitch is the current payments … Read more

Bitcoin Use on Darknet Markets Jumps 65% in First Quarter

Bitcoin transactions on darknet markets jumped 65% in value during the first quarter, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to mixers also grew rapidly as exchanges with verification requirements became less popular among darknet users. Growing Bitcoin Use on Darknet Markets Crystal Blockchain’s analytics team … Read more

Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy

With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known as ‘hyperbitcoinization.’ However, a few speculators believe digital assets in … Read more

Cryptocurrency Is Agorism in Action

The book “New Libertarian Manifesto” (NLM) by libertarian-anarchist Samuel E. Konkin III (SEK3) launched a movement that has grown amazingly over the last few decades: Agorism. This is the movement of peaceful revolution through counter-economics. Counter-economics is “the study or practice of all peaceful human action which is forbidden by the State.” Agorists, SEK3 wrote, … Read more

Top 5 Industries Already Affected by Cryptocurrency

A major argument in favor of blockchain technology is the role it will play in disrupting and revolutionizing major industries worldwide, as cryptocurrencies can be used to facilitate transactions and communications in new and empowering ways. While the possibilities of tomorrow are exciting, the utilization of this emerging tech on industries today is similarly significant. … Read more

Crowdsale KYC is Fueling a Black Market for Fake ID

KYC for crowdsales was meant to add oversight and legitimacy to a largely unregulated space. Instead it’s left investors susceptible to data breaches, identity theft and blackmail. Given the hazards, it’s understandable that some ICO investors have resorted to buying fake ID. Also read: A BCH Fueled Version of Patreon is Coming This August KYC Has … Read more

Bitfinex Rejects All Present and Future Venezuelan Cryptocurrencies

Bitfinex has announced that it will not list or transact Venezuela’s new “oil-backed cryptocurrency” or any other tokens that the country may issue in the future, citing U.S. sanctions. Meanwhile, the Venezuelan government has reportedly set the minimum investment amount for the petro initial coin offering.  Also read: South Korea Clarifies Position After Reports of Possible … Read more

The Satoshi Revolution – Chapter 3: Exchanges – Exchanging Liberty for Convenience? (Part 6)

The Satoshi Revolution: A Revolution of Rising Expectations. Section 1 : The Trusted Third Party Problem Chapter 3: Trying to Undo Satoshi by Wendy McElroy Exchanges – Exchanging Liberty for Convenience? (Chapter 3, Part 6) The best “TTP” of all is one that does not exist, but the necessity for which has been eliminated by … Read more