Saturday, November 23

Cryptocurrency

Cryptocurrencies are posing challenges for government regulators. For investors, they’re providing the chance to diversify. And despite their risks–and there are many–some investors are diving in, seeing a greater risk is missing out. Meanwhile, the topic of currencies, in general, is important. Fiat currencies like the U.S. dollar and Euro and others are holding up despite their governments’ high debt-to-GDP ratios.

Crypto In The Russia-Ukraine War
11Apr By Jesús CedeñoNo Comments
Big Tech, Digital Economy, Cryptocurrency, Foreign Aid, International Development, Types of News: Analysis, Types of News: Brief

Crypto In The Russia-Ukraine War

Cryptocurrencies Are Playing Roles In The Battle; And The Battle Is Impacting The Prices This is a follow-up piece to Finance writer Jesús Cedeño's analysis of where cryptocurrencies are today. All viewpoints are his own do not necessarily reflect the views and positions of the Global Economic Report. Neither the writer nor Mohr Media’s GER website are responsible for readers’ investment decisions. April 11, 2022—It’s no coincidence that Bitcoin prices have shown an upward trend since February 25th. Today, we cannot talk about cryptocurrencies without looking at the Russia-Ukraine war. It's a factor that is influencing not only crypto’s value, but also the way governments all over the world are using and reacting to the conflict.   Larry Fink, chairman of BlackRock, says the R...
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Has The Crypto Boat Sailed?
7Apr By Jesús CedeñoNo Comments
Cryptocurrency, Types of News: Analysis

Has The Crypto Boat Sailed?

Assessing The Rise, Fall And Rise Again Of Bitcoin And Other Cryptocurrencies Finance writer Jesús Cedeño analyzes cryptocurrencies from an investing viewpoint. He looks at their exponential growth, assesses why they are popular, and discusses possible scenarios. All viewpoints are his own and do not necessarily reflect the views and positions of the Global Economic Report. Neither the writer nor Mohr Media’s GER website is responsible for readers’ investment decisions. April 7, 2022—Bitcoin, the first successful implementation of a blockchain, was launched in 2009. The first real-world transaction using Bitcoin happened in 2010. It involved two pizzas for a cost of 10,000 BTCs. At the time, those ten thousand bitcoins were worth about 40 USD. By 2012, 1 bitcoin was worth around 5 US...
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U.S. Justice Dept Sets Up Crypto Crime Office
24Feb By Patti MohrNo Comments
Corruption, Bribes, Illicit Finance & Money Laundering, Cryptocurrency

U.S. Justice Dept Sets Up Crypto Crime Office

February 24, 2022--The U.S. Justice Department established a department to investigate the criminal use of cryptocurrencies and digital assets and named its first director. The department tapped Eun Young Choi to serve as the first director of the National Cryptocurrency Enforcement Team. Choi has previously served the Justice Department as a senior counsel, an assistant U.S. Attorney and a lead prosecutor. "The NCET will play a pivotal role in ensuring that as the technology surrounding digital assets grows and evolves, the department in turn accelerates and expands its efforts to combat their illicit abuse by criminals of all kinds," Choi said.
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IMF: Crypto, Stocks Surged In Response To Central Bank Policies Since 2020
11Jan By Patti MohrNo Comments
Big Tech, Digital Economy, Cryptocurrency, Currency, Debt, National Budgets & Interest Rates, Europe, EU, Eurozone, Types of News: Brief, United States

IMF: Crypto, Stocks Surged In Response To Central Bank Policies Since 2020

In Effect, The Policies Pose The Risk Of Shocks To The Financial Systems Photo by BTC Keychain January 11, 2022--Cryptocurrencies and stock market equities skyrocketed as central banks produced loose monetary policies amid the 2020 global pandemic. Although cryptocurrency prices and some high-growth stocks have dipped since the start of the year, they both "surged amid easy global financial conditions," the International Monetary Fund reported on today. That may come as no surprise among high finance investors who carefully watch interest rates established by central banks, especially those in the United States and Europe. But today's report by the IMF appears to be the first acknowledgment from the multilateral organization that government agencies are fueling the boom in r...
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Blockchains 101: A Beginner’s Guide To What They Are And How They Work
6Jan By Jesús CedeñoNo Comments
Big Tech, Digital Economy, Cryptocurrency, Types of News: Analysis

Blockchains 101: A Beginner’s Guide To What They Are And How They Work

A Look At One Of The Most Revolutionary And Disruptive New Technologies By Jesús Cedeño The words blockchain and cryptocurrency are becoming increasingly familiar. It seems like they’re mentioned on the news almost every day, generally speaking about Bitcoin. Since some articles talk about the bitcoin blockchain and some about the bitcoin cryptocurrency, a lot of people think the two words are synonyms. However, that’s not true. Those words refer to two different, albeit related concepts. Blockchains are the technology that makes cryptocurrencies possible. And, when push comes to shove, they are just very sophisticated and secure ledgers. In this article, we’ll be taking a look at blockchains to find out what they are, how they work, and why there’s so much fuss about them. Blockc...
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Crypto Assets Grew By 200 Percent In 2021
4Nov By Patti MohrNo Comments
Cryptocurrency, Types of News: Brief

Crypto Assets Grew By 200 Percent In 2021

Ethereum Grew Tenfold Over The Last Year November 4, 2021—Cryptocurrency assets grew by roughly 200 percent, from just under $800 billion to $2.3 trillion, according to Jon Cunliffe, Deputy Governor for Financial Stability of the Bank of England. The rapid growth in the takeup of the asset is grabbing the attention of regulators around the world. "When something in the financial system is growing very fast, and growing in largely unregulated space, financial stability authorities have to sit up and take notice," Cunliffe said, in an October speech. He added that regulators shouldn't overreact. "We should not classify new approaches as 'dangerous' simply because they are different." Institutions Are 'Just Getting Started' Meanwhile, as the assets go mainstream, some of the hold...
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Cryptocurrencies Are Hot Despite The Warnings. Here’s Why.
3Nov By Jesús CedeñoNo Comments
Cryptocurrency, Types of News: Analysis

Cryptocurrencies Are Hot Despite The Warnings. Here’s Why.

Here's A Helpful Guide To Understanding Cryptos By Jesús Cedeño November 3, 2021—Just about everybody with internet access has heard about Bitcoin and cryptocurrencies these days. They may not really understand them, but they have heard of them. New Economic System Cryptocurrencies and blockchains (the technology that makes most of them work) were created to show that a new kind of economic system is possible. One where central banks, commercial banks and other traditional financial institutions are no longer in control. Investing in cryptocurrencies is a hot topic all over the world, with over $133 billion worth of crypto being traded every day and a global market capitalization that exceeds $2.6 trillion.1 However, there have been several warnings issued relating to cry...
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El Salvador’s Volcano-Powered Bitcoin Goes On Display
29Sep By Patti MohrNo Comments
Cryptocurrency, Types of News: Brief

El Salvador’s Volcano-Powered Bitcoin Goes On Display

September 29, 2021—Just a few weeks into its experience of using Bitcoin as its national currency, El Salvador, under the leadership of its entrepreneurial leader, is employing the use of its volcano to mine the cryptocurrency. President Nayib Bukele released a video today showing a state-owned geothermal facility on the side of El Salvador's volcano with Bitcoin mining machines. He introduced it on Twitter, saying "First steps." https://youtu.be/Y-S-oa3Rp8I The state-owned facility, LaGeo, is a subsidiary of the Comisión Ejecutiva Hidroeléctrica del Río Lempa. Bitcoin mining involves solving complex math problems with blockchain technology through high-powered computers. A study by the University of Cambridge suggests that Bitcoin mining consumes 121.36 terawatt hours ...
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El Salvador’s Big Bitcoin Experiment
23Sep By Ernesto RodriguezNo Comments
Cryptocurrency, Domestic Politics, Types of News: Analysis

El Salvador’s Big Bitcoin Experiment

Photo: Diario Libre Will It Be A Win-Win For Country And Currency? Editor's Note: In June, the World Bank rejected El Salvador's request for help in implementing Bitcoin as the country's legal tender. But that didn't stop El Salvador's ambitious leader, President Nayib Bukele, from making the cryptocurrency the country's national currency. Corresponding writer Ernesto Rodriguez examines the prospects for the country and currency in this report. September 23, 2021—It’s been a few years since cryptocurrency, and especially Bitcoins, appeared as a new exciting prospect in the world of economics. Since then, it has become an important part of the economic conversation, with some people worried about the lack of transparency they represent and others praising the freedom they see in a ...
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Regulation Needed for $2 Trillion Cryptocurrency Market, SEC Chair Says
1Sep By Patti MohrNo Comments
Big Tech, Digital Economy, Cryptocurrency, Finance, Investing, Types of News: Videos

Regulation Needed for $2 Trillion Cryptocurrency Market, SEC Chair Says

Asset Class Lacks Protections, Leaving Investors Vulnerable September 1, 2021--Cryptocurrency platforms that provide direct access to millions of people leave investors "vulnerable" and are "rife with fraud, scams, and abuse," according to Gary Gensler, chairman of the U.S. Securities and Exchange Commission. Need for Public Policy Speaking by videoconference to the European Parliament Committee on Economic and Monetary Affairs, Gensler warned that "financial innovations throughout history don’t long thrive outside of public policy frameworks." Gensler is not the first public official to warn about the inherent dangers of investing in cryptocurrencies. Policymakers are increasingly taking an interest. The Bank for International Settlements warned about the rapid rise of virtua...
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