Christine Lagarde, the Managing Director of the International Monetary Fund, is making waves in the crypto sea again, churning away on both sides of the debate, while the crypto community accuses her of hypocrisy of the first order. On one day, she posits in an interview with CNBC that all things crypto are a disruptive…
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The U.S. Congress holds hearings from time to time, but the controlling party in either the House of Representatives or the Senate determines the agenda and the attendees. The Democrats control the House now, and the Republicans remain in control of the Senate. In their new role, Democrats called a hearing of the nations’ largest…
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It is a fact of life that various arms of a government very rarely act in a coordinated fashion, especially when it comes to financial matters and innovation. The economy and general public tend to be the victims when the system appears in such disarray. It is no wonder then that the crypto revolution has…
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If there is one aspect about cryptocurrencies that irritates regulators and government officials more than any other, it is the anonymity afforded the criminal element of our society by the nature of blockchain distributed ledger systems. At its next meeting on June 8 and 9 in Fukuoka, Japan, the G20 central bank governors and finance…
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Pakistan is one of the countries that has not been quite "pro-crypto". Just on the contrary, the country has been quite strict when it comes to the use of cryptocurrencies. For example, some time ago, the central bank of the country warned all financial institutions and banks that the use of virtual currencies is highly…
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Despite a volatile market for the cryptocurrencies, blockchain technologies are thriving. Europe appears to be at the forefront of blockchain investments. According to a report by IDC’ Worldwide Semiannual Blockchain Spending Guide, Europe will spend more than $800 million in blockchain-related technologies in 2019. The total spending amount will reach the staggering $3.6 billion by…
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Investing in the crypto space has always been fraught with high risk, high casualty rates, but just enough of an allure that investors have been willing to throw caution to the wind in hopes that good fortune will befall their efforts. Yes, there have been digital assets that have produced “10X”, “100X”, and even “1,000X”…
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In order for cryptocurrencies to gain widespread public acceptance as something other than a pure investment vehicle, the process for making payments or transfers must be convenient, straightforward, and easy to do. Trust and confidence can only come from this triad of sorts, and the Foundation for Interwallet Operability (FIO), a concerned group within the…
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If there is one thing that troubles regulators and law enforcement officials the world over about cryptocurrencies, it is the fact that the criminal element in our society is given free rein to gallop about the blockchain of its choice, knowing full well that the anonymity of the technology will disguise its every move. A…
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The Federal Reserve Bank in the U.S., the agency responsible for monetary policy and a host of related duties, produces two semi-annual reports each year to update the Congress on its activities. Its chairman, Jerome Powell, must then sit before Congress for two days to review the report and answer any queries that any attending…
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