Commentary We live in the Age of Deception. Calling something what it truly is, is a rarity these days. Big Lies, Bad Outcomes, and No Consequences For example, the Biden administration’s “Inflation Reduction Act” actually raised prices on fuel and utilities, hurting middle-income Americans the worst. The law did exactly the opposite of what the…
The (Block) Chaining of America
March 29, 2023
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Virtual Currency Money Laundering Cases Mushroom Amid China’s Wealth Flight
News Analysis Multiple virtual currency money laundering cases have been occurring in China recently, involving vast amounts of money. Some industry insiders say this has been the mainstream way of capital flight from China for several years. The public security bureau in Tongliao City, Inner Mongolia, has recently busted a money laundering ring that used…
FTX Scandal Exposes ‘Woke’ as the Crime Syndicate of Our Times
Commentary Move over mafia, “Lucky” Luciano, Carlo Gambino, John Gotti, et al. You or your living descendants are no longer the “capo di tutti capi” when it comes to American crime syndicates, not even close. The numbers don’t lie. (Well, they do, but in a different way.) The ideology known as “woke” has superseded you…
Binance-Linked Blockchain Hit by $570 Million Crypto Hack
LONDON—A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year. Binance CEO Changpeng Zhao said in a tweet that tokens were stolen from a blockchain “bridge” used…
Nassim Taleb Calls Bitcoin a ‘Tumor’ Attributable to Low Interest Rates
Author and risk analyst Nassim Nicholas Taleb took aim at cryptocurrency in a recent television interview, arguing that the continued relevance of Bitcoin and other blockchain assets was an accident of a monetary policy that has caused many assets to be grossly overvalued. Speaking on CNBC’s Squawk Box, the renowned philosopher of probability reiterated his confidence…
The Future of Money in Real Estate
Money, including how we use and borrow it, has changed dramatically in just the past decade. Traditional payment methods are now peer-to-peer, contactless, and mobile versus cash, check, or plastic. We have primarily the internet and technology to thank for the new ways we conduct transactions. Now, imagine the future of money in real estate…
Cryptocurrencies Are on Their Way Out
June 1, 2022
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Commentary The cryptocurrency market valuation is less than half of the $2.9 trillion it was worth in November. What’s going on with the cryptocurrency market? More people than ever before have been holding “cryptos” as a safe-haven asset to hedge against inflation and other central bank offenses. It wasn’t very long ago that investors were…
China Wants to Control the Cloud
Commentary The Chinese Communist Party (CCP) is no fan of cryptocurrency, especially Bitcoin. Not surprisingly, the elites in Beijing aren’t keen on NFTs either. It makes sense. Both are highly speculative assets. However, when it comes to blockchain, the underlying technology powering Bitcoin and NFTs, the CCP appears to be very interested. In this piece,…
The Role of Crypto in the Fintech Industry and the Wider Economy
Over the past couple of years, modern society has witnessed the increasing prevalence and adoption of Blockchain technology. However, for the Padawans out there who think of the Blockchain as a network of nano-bots ready to overtake humanity, the Blockchain is basically just a set of code that records events, and each record is unalterable….
Overregulation Hinders China’s Web 3.0 Developers While Investors Seek Options Offshore
May 11, 2022
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The communist Chinese regime’s heavy-handed supervision of China’s high-tech industries has greatly hindered its domestic tech innovation, prompting many Chinese tech firms and industry professionals to seek development overseas. Web 3.0 is referred to as the next internet revolution or the third-generation Internet that is based on blockchain technology and cryptocurrencies. It is being developed…
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