Nassim Nicholas Taleb Shellacks Bitcoin and Cryptocurrencies
Nassim Nicholas Taleb explains why Bitcoin is not good for much except enriching early adopters and intermediaries.
Read more...Category Archives: Payment system
Crypto Crackdown: Only the Beginning?
If you think the officialdom is getting tough with crypto, there’s even more they can do to tighten the screws.
Read more...Sputtering About Crypto and the US Pipeline Ransomware Attack
You can hear the silence about the role of crypto in the Colonial Pipeline and a growing spate of ransom demands.
Read more...Michael Hudson on American as Absentee Landlord on The Greyzone: Biden Administration, New Cold War, Super Imperialism, Dollar Weaponization
Michael Hudson discusses geopolitics including currency power plays, global institutions like the IMF, the new Cold War, and Bill Gates
Read more...By Declaring March 11 “Our” Covid Anniversary, the Press Erases Covid’s Origin Story in the U.S.
The hive mind hums happily.
Read more...What Happens If Bitcoin Succeeds?
Most of us would not want to live in a society where bitcoin succeeds.
Read more...This Is What Can Happen When a Cross-Border Bank Merger Goes Horribly Wrong
As Banco Sabadell’s disastrous acquisition of UK TSB has shown, a bank merger can founder due to botched IT integration.
Read more...Regulating Fintech in Europe: Lessons from the Collapse of Wirecard
Since Fintech companies can be very complex, their oversight requires understanding their business model and combining regulation and supervision based on both entities and activities.
Read more...China Takes Step Against Securitization, Consumer Borrowing With Suspension of Ant IPO
With its smackdown of Ant and its billionaire founder Jack Ma, China has made clear that financiers do not call the shots.
Read more...The IRS Moves to Crack Down on Cryptocurrency Tax Evaders
The IRS is officially in “No more Mr. Nice Guy” mode with respect to cryptocurrency enforcement.
Read more...How Do Banks Create Money?
A short primer on banks from a Modern Monetary Theory perspective.
Read more...Yanis Varoufakis: Why Bitcoin Is Not a Socialist’s Ally – Reply to Ben Arc
Debunking some major misperceptions about potential roles for Bitcoin and blockchain.
Read more...Ilargi: What? Default? Where? Dollar?
Why the dollar is not losing its privileged status any time soon.
Read more...Random Testing in Indiana Shows COVID-19 is 6 Times Deadlier Than Flu, and 2.8% of the State Has Been Infected
Sobering data from the first random statewide Covid-19 survey.
Read more...NY Department of Financial Services Fines Deutsche Bank Over Jeffrey Epstein Abuses; Where Are the Feds?
Deutsche Bank revealed again as being overly accommodating to clients who play fast and loose….this one Jeffrey Epstein.
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