Tidbits: Jesse Powell Criticizes Custodial Ownership, Simon Dixon Slams the Banking System

Tidbits is a roundup of talking points from across the cryptosphere. Today, Jesse Powell and Samson Mow both voice their opinions on the custodial ownership of assets through trusted,...

Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization

Cryptocurrencies started gaining significant mainstream attention in 2017 and speculation brought coin values to unseen levels, before quickly deflating. Now, after a decade, it seems this technology is entering...

Christine Lagarde: ‘The European Central Bank Cannot Go Bankrupt or Run Out of Money’

In remarks that highlight flaws of the fiat currency system, the European Central Bank (ECB) president, Christine Lagarde, says the institution cannot go bankrupt even if it incurs losses...

China: Shenzhen Special Economic Zone to Use Blockchain for Electronic Tax Invoices

Tencent and the Shenzhen Municipal Taxation Bureau will launch...

Peter Schiff Admits Bitcoin Has ‘Some Appeal’ However Gained’t Change Gold

For some, bitcoin is the creme de la creme of property. Others say its gold. However is one actually higher than the opposite? The meteoric rise in bitcoin’s worth over...

Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second

The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that...

Snowden Puzzled by Bitcoin’s Lack of Scaling and Privacy, Says Devs ‘Had Years to...

Just recently, the film producer and well known Youtuber, Naomi Brockwell, sat down with Edward Snowden and the two discussed a number of subjects including privacy and bitcoin. When...

An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties...

Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not fulfill the basic properties of money.” She also describes...

Just Because Cryptocurrency Isn’t ‘Legal Tender’ Doesn’t Make It Illegal

Central bank warnings about crypto assets may give the impression that cryptocurrency is illegal, especially since these entities often cite reasons as to why they’re uncomfortable with virtual currencies...

IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves

The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape,...
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