KYC Is The Illicit Activity
Quick take KYC, or ‘know your customer‘, is a common practice in the financial industry that requires companies to verify the identity of their customers before providing services. While the intention of KYC may be to prevent money laundering and other illicit activities, the practice has been shown to put users at risk as their […]
United States Government Threatens to Shatter Hong Kong Dollar Amid Chinese Takeover, Could Increase Capital Flight Into Bitcoin
The United States government is threatening to break the Hong Kong Dollar’s peg as retaliation for the Chinese takeover of Hong Kong. This would shatter the Hong Kong Dollar’s value, and could even lead to a currency collapse, and this has the potential to spark a massive wave of capital flight into Bitcoin. As discussed […]
Banks Worldwide are Increasingly Clamping Down on Customer Being Able to Withdraw Cash and This is Why the World Needs Bitcoin
As banks begin to restrict how customers can withdraw their cash, Bitcoin provides the solution for sovereign money Keeping cash in the bank is branded as the safest way to store money, but banks across the globe are persistently increasing limits and roadblocks for cash withdrawals, in what seems to be an effort to forcibly […]
Miner’s Rolling Inventory Explained: A Useful Tool for Diagnosing Crypto Market Sentiment
The Miner’s Rolling Inventory can be a useful tool to identify crypto market sentiment based on how miners are maintaining their inventory Crypto traders need as many tools as they can get their hands on in order to get an edge when trading, and one extremely useful but perhaps not well-known tool that can be […]
Compound Surges to the #1 Spot in the DeFi World, and Its New Cryptocurrency Rallies to a Market Cap Of $500 Million Amid Yield Farming Frenzy
MakerDAO’s DeFi crown has just been wrested by Compound with some USD 642 million total assets under management locked in the platform The Maker Decentralized Autonomous Organization (DAO) has long been the king of the Decentralized Finance (DeFi) sector, but now Compound has dethroned MakerDAO for the #1 spot in the industry, with Compound having […]
The Golden Days of Peer-to-Peer Bitcoin Trading Are Long Gone Due to Increased Regulations and Fierce Corporate Competition
Is peer-to-peer Bitcoin Trading on the decline as regulations tighten their noose around these platforms? This week, Paxful surpassed Localbitcoins as the peer-to-peer (P2P) crypto exchange which has the most volume, which is the first time ever that Localbitcoins has fallen from the #1 spot. However, this event has less to do with Paxful becoming […]
New Anti-Encryption Bill Would Make Cryptocurrency Illegal in the United States If Passed, Aside From Destroying Privacy and Freedom
The Lawful Access To Encrypted Data (LEAD) Act, if passed, threatens to make cryptocurrency illegal A new bill has been introduced into the United States Senate called the Lawful Access To Encrypted Data (LEAD) Act, and it would compromise all forms of encryption and make cryptocurrency illegal. To be clear, this is just a bill […]
83 Tons of Fake Gold Causes Billions in Losses, Reveals That Bitcoin is Better Than Gold Because it Cannot Be Counterfeited
The recent discovery of 83 tons of counterfeit gold brings into perspective Bitcoin’s advantage in that it cannot be falsified Bitcoin is often called ‘Digital Gold’ since it has similar properties to gold such as being a safe haven asset and being a scarce and highly coveted commodity. However, Bitcoin is perhaps even better than […]
Chaos In Hong Kong Amid Passage Of Chinese ‘Security Law’, Could Cause A Surge In Bitcoin Demand
Could Hong Kong’s new security law giving China full control over the territory’s judicial system lead to fresh demand for Bitcoin? Hong Kong’s worst nightmares have become a reality with the passage of the new Hong Kong ‘security law’, which gives China full authority over the territory’s judicial system, effectively ending its sovereignty. This is […]
Zimbabwe’s Currency is Collapsing… Again, and Bitcoin Is in High Demand
The Zimbabwean dollar seems unable to prevent yet another cycle of hyperinflation, while demand for Bitcoin continues to rise Zimbabwean are experiencing some serious deja vu with the Zimbabwe currency collapse, since the national fiat currency is once again collapsing, and this is leading to a surge in crypto use. In 2008, the inflation rate […]
