TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
Today we saw a major drop in the cryptocurrency market, and simply by looking at the coordinated timing of the different government statements and releases, it becomes clear that this was a concerted effort to bring down the market. Now whether that was to be able to slide in and scoop up all the currency Read More…
If officials at the Securities and Exchange Commission (SEC) are bothered by allegations of incompetence and capture by Wall Street’s bankers, it is hard to tell. The Commission recently hired Brett Redfearn to serve as Director of the Division of Trading and Markets. Redfearn left a 13-year stint at JP Morgan to assume a key Read More…
In its latest reminder that China is a (for now) happy holder of some $1.2 trillion in US Treasuries, Chinese credit rating agency Dagong downgraded US sovereign ratings from A- to BBB+ overnight, citing “deficiencies in US political ecology” and tax cuts that “directly reduce the federal government’s sources of debt repayment” weakening the base Read More…
After what has seemed like a non-stop barrage of bad news for crypto bulls from South Korea, we noted some cracks in the foundation of the anti-cryptocurrency push as the ministry of finance refused to support the ministry of justice’s exchange shutdown bill. Tonight we get further clarification that the end of South Korean crypto trading Read More…
South Korea’s justice minister has announced legislation is in the works to ban cryptocurrency trading after police and tax authorities reportedly raided the country’s biggest exchanges in a tax evasion probe. “There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” Park Sang-ki told Read More…
Pretty much every article you read about Bitcoin in the mainstream press ends up in the same place. You may not hear it until the seventh or eighth paragraph, but eventually you’ll be told that the whole thing is nothing more than a modern day “tulip bubble.” The more creative types will also throw around the South Read More…