Tag: central banks

The long-standing claim that bitcoin is a hedge against inflation has come to a fork in the road as inflation is soaring, but the bitcoin price is not.This is an opinion editorial by Jordan Wirsz, an investor, award-winning entrepreneur, author and podcast host.Bitcoin’s correlation to inflation has been widely discussed since its inception. There are many narratives...

A recent financial inclusion conference in El Salvador gave the country an opportunity to share their bitcoin journey with other global financial policymakers.Kudzai Kutukwa is a passionate financial inclusion advocate and was recognized by Fast Company magazine as one of South Africa’s top 20 young entrepreneurs under 30.In July 1944, in Bretton Woods, New...

The National Bank of Ethiopia issued a statement reminding its citizens that business transactions made with bitcoin and other cryptocurrencies are “illegal”.Ethiopia’s central bank issued a statement reminding its citizenry that business practices made with bitcoin are illegal.The National Bank of Ethiopia warned that “informal financial transactions” using BTC are used for “money laundering...

Financial representatives of 44 countries visited El Salvador and saw firsthand how the country’s Bitcoin adoption is changing it for the better.What happened in El Salvador to encourage 44 different countries to send representatives from 32 central banks and 12 other financial institutions? The short answer...

El Salvador hosted a financial inclusion event this week bringing representatives from 44 countries to experience using BTC at Bitcoin Beach.El Salvador hosted central bankers and financial authorities from 44 countries for a financial inclusion event this week.All participating members were able to download their own Bitcoin wallets and make purchases with BTC. In July 1944, 44...

Countries in Africa have the opportunity to become global leaders by adopting Bitcoin and providing a pathway for innovation. All fiat leads to Bitcoin.There are two forward-looking countries on Earth when it comes to Bitcoin: El Salvador and the Central African Republic. These two very different countries on different sides of the globe have both come to the same conclusion: Bitcoin is...

Bitcoin represents a financial renaissance, which means society still exists in a monetary Middle Ages dominated by the alchemy of fiat currency.During the Middle Ages, a group of men tried to turn base metals into gold; they were known as alchemists and they did not succeed in their endeavors. We’re fortunate that they didn’t. Why? Consider the alternative.Had the alchemists found...

The Central Bank of Nigeria (CBN) has imposed monetary sanctions of N814.3 million (nearly $2 million) on four commercial banks in the country for permitting cryptocurrency transactions, Bloomberg ...

We discuss the hawkish messaging of the Federal Reserve, the importance of a yield curve inversion and the possibility of an emerging food crisis.Listen To This Episode:Apple...

Bitcoin’s prolonged stability and global adoption are not only beneficial, but necessary for free societies to thrive.This article was inspired by Max Gagliardi’s thread on Twitter. The Bitcoin community is one of the most passionate, idealistic and driven groups of people on the internet. Besides a...

Senator Cynthia Lummis and a former Federal Reserve vice chair recently discussed whether the U.S. central bank should hold bitcoin on its balance sheet.During a February 16 webinar on “crypto” hosted by the Hatch Center, the policy arm of national think tank the Orrin G. Hatch Foundation, Hatch Foundation...

Discussing the latest central bank news, emerging financial risks in Europe, Japanese inflation and more.Watch This Episode On YouTubeListen To This Episode:...

The Federal Reserve recently outlined its considerations for a U.S. CBDC, confirming that it would be diametrically opposed to Bitcoin.“This paper is the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies (CBDCs).”–“Money...

What happens if the market realizes that kicking the can down the road is delaying the inevitable? A sustainable form of insurance in this event would have to be bitcoin.This article is a collaborative piece written by Greg Foss and Seb Bunney. Therefore, when the word “we” is used, the authors are referring to themselves.In “part one” of this article, we...

Federal Reserve Chair Jerome Powell’s decision to retire the term “transitory” offered some insight into how the Fed and global monetary system really work.There was much more said in Federal Reserve Chair Jerome Powell’s recent testimony, given before the U.S. Congress on November 30, than met the eye, but you have to know about the Fed’s actual influence in order to read...

Discussing bitcoin's price cycles and how macroeconomic developments are shaping the market.Watch This Episode On YouTubeListen To This Episode:...

As in the 1940s and ’70s, poor economic policy is driving rampant inflation and compelling investors to move wealth from cash to bitcoin.Central banks globally are fighting the deleveraging of the largest debt bubble in modern history. With inflation recently hitting its highest levels in 30 years, many have called for more responsible policy decisions from...

John Law, a darling of the French king, wrote the blueprint for central banks, demonstrating the fiat flaws that Bitcoin solves as he did.I always love writing about the bridge between current events and their (often entertaining) counterparts or parallels in history. The current “war-on-cash” we see by the nation states along with the planned economy of the Amazons, Googles, Alibabas and...

Central bank interventions in the monetary system - from lowering interest rates to printing money - do not change peoples’ saving and spending behavior: They only redirect it.We live in a highly politicized world today - we spite our neighbors, refuse to watch certain news channels, and increasingly ignore any information which counters our own preconceived views. Our wealth gap in the...

The latest in Federal Reserve and central banking news, economic inflation and how Bitcoin fits in.Watch This Episode On YouTubeListen To This Episode:...