TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
The IRS has been chasing, demanding, and harassing Coinbase for its users’ transactional information for over a year. Coinbase has been receiving a John Doe summons dating back to December 8th, 2016, with further demands throughout 2017 that transactional data from 2013-2015 should be handed over. Coinbase fought back and won a partial victory, reducing Read More…
I’ve seen some bad ideas in my day, but this has to take the cake. Venezuela has issued a new cryptocurrency called ‘Petro,’ backed by the country’s oil reserves – it has plenty of them. It also aims to create an additional coin named ‘Oro,’ backed by gold. The idea, in and of itself, isn’t bad Read More…
A perfectly predictable thing happened when the Great Oil Price Plunge of 2014 pulled the rug out from Venezuela’s oilconomy: Foreign creditors stopped lending to Venezuela, the debt-saddled government devalued the currency to cover budget deficits, inflation spiraled out of control (entering a death spiral last November), and, perhaps inevitably, the government defaulted on some of its $US bonds. (And all this amidst devastating Read More…
Podcast: Play in new window | Download | EmbedSubscribe: Apple Podcasts | Email | RSSWelcome to The Daily Wrap Up, a concise show dedicated to bringing you the most relevant independent news, as we see it, from the last 24 hours (2/19/18). Whether we are hearing the same old lies on repeat, as the US Read More…
Paul Volcker began his term as chairman of the Federal Reserve Board of Governors in August of 1979. In October, the S&P 500 index dropped 11% on its way to a 20% drop in 1980. Alan Greenspan was sworn in as Fed chairman in August 1987. On October 19, 1987 the markets suffered through “Black Read More…
As the cannabis industry continues to grow more popular, so do cryptocurrencies that support the marijuana space overall. Because most cannabis dispensaries aren’t allowed access to banking services and because of the penalties that occur when dispensaries pay off their taxes with cash, the industry has turned to digital currencies as a means to work Read More…