Digital Money Times

#1 Source For Bitcoin And Altcoin News

You are here: Home / Archives for Money

One Year Later: Federal Investigators Eyeing Squiggles NFT Creators For Wire Fraud & Money Laundering

By Leave a Comment

It’s been a year since we first covered the story surrounding Squiggles, an NFT rugpull that was traced down with a full-fledged manifesto. The NFT market has seen so much come and go since this time, but the story of Squiggles has at least one more chapter left in it.

Reports have emerged on Thursday that a U.S. Federal Grand Jury is investigating the founders of the project, including reviewing the aforementioned manifesto document and social media posts.

Let’s dive into the latest in the ‘Squiggles saga.’

Squandering The Squiggles  Read more...

This is a preview of One Year Later: Federal Investigators Eyeing Squiggles NFT Creators For Wire Fraud & Money Laundering. Click Here To Read the full post

To Become Money, Bitcoin Requires Integration With New Social System Technology

By Leave a Comment

Bitcoin and Lightning Network technology alone will not be enough to change our financial system. New social systems are needed too.

This is an opinion editorial by Frank Nuessle, a publishing entrepreneur, former university professor and social system architect.

In this essay, I argue that Bitcoin and the Lightning Network are, by themselves, not enough to successfully implement an American sound money system, and that following evolutionary economics, new social technologies and new social system designs need to be part of the equation.  Read more...

This is a preview of To Become Money, Bitcoin Requires Integration With New Social System Technology. Click Here To Read the full post

Governments Could Still Hamper Money And Energy, Even On A Bitcoin Standard

By Leave a Comment

Even after Bitcoin inevitably becomes the world reserve currency and bitcoin mining solves our energy problems, governments will intervene.

This is an opinion editorial by Will Szamosszegi, founder and CEO of bitcoin mining hosting service Sazmining.

Money and energy are two of the most fundamental aspects of an economy because both are universal. Energy is required to transform raw materials into final consumer goods and services. Money is required to store wealth, calculate revenue and losses and trade for goods and services that you couldn’t acquire through barter.  Read more...

This is a preview of Governments Could Still Hamper Money And Energy, Even On A Bitcoin Standard. Click Here To Read the full post

Bitcoin Stops The Bleeding: A Sound Money System Is The Only Cure For What Ails Our Economy

By Leave a Comment

As fiat currencies slowly bleed out in value, they are disincentivizing saving. Bitcoin is a cure for the economic calamities.

This is an opinion editorial by Conor Chepenik, a Bitcoin pleb.

When a doctor operates on a wounded patient, the first thing they do is make sure they can stop the bleeding. No point operating if you can’t get the bleeding under control because the patient will die. Money facilitates mutual exchange and helps market actors coordinate price discovery — it is the literal blood of the economy. As fiat currencies slowly bleed out in value, they incentivize fewer people to save. If you want to stop the bleeding in your financial life, you are going to need to find a way to store your wealth in something else. There are plenty of options, but only one that is programmed to stop all bleeding in 2140.  Read more...

This is a preview of Bitcoin Stops The Bleeding: A Sound Money System Is The Only Cure For What Ails Our Economy. Click Here To Read the full post

Our Relationship To Money Helps Us Understand Bitcoin

By Leave a Comment

Reflecting on our relationship to money can give us insight into the way that dollars have failed us and bitcoin can provide an alternative.

This is an opinion editorial by Mark Maraia, an entrepreneur, author of “Rainmaking Made Simple” and a Bitcoiner.

“What Is Your Relationship To Money?”

I’d argue that’s a more intimate question for many than “Are you happily married?”  Read more...

This is a preview of Our Relationship To Money Helps Us Understand Bitcoin. Click Here To Read the full post

As The FTX Collapse Shows, Time, Money And People May Change But Liquidity Crises Don’t

By Leave a Comment

FTX’s collapse mirrors that of most liquidity crises over the last 100 years, but Bitcoin offers a break in the cycle.

This is an opinion editorial by Kane McGukin, who has 13 years of wealth management experience spanning brokerage and institutional equity sales. He is an independent registered investment advisor.

“This gamble came undone due to the dumping of millions of dollars in copper into the market to stop a hostile takeover in an unrelated organization.”

–Knickerbocker Trust Company, Wikipedia  Read more...

This is a preview of As The FTX Collapse Shows, Time, Money And People May Change But Liquidity Crises Don’t. Click Here To Read the full post

Bitcoin Brings Clarity Through Sound Money

By Leave a Comment

Bitcoin represents the ultimate step forward in bringing clarity to the world through money grounded in physics and math.

This is an opinion editorial by James Collins, a financial professional with experience in various asset classes. 
  Read more...

This is a preview of Bitcoin Brings Clarity Through Sound Money. Click Here To Read the full post

Why Vitalik Buterin Believes Crypto Should Evade Big Money

By Leave a Comment

The inventor of Ethereum, Vitalik Buterin, weighed in on the debate around crypto regulations and offered his most “controversial” opinions. Across social media, this debate is gaining traction with the participation of prominent personalities in the crypto space. 

Vitalik Buterin classified regulations as attempting to influence crypto internally and externally. The former of these approaches is “much worse” for crypto because it tries to “intrude” into crypto companies and projects. 

The U.S. Securities and Exchange Commission (SEC) is taking this approach. Under Gary Gensler’s leadership, the regulator has been applying a “regulation by enforcement,” according to the Blockchain Association. The SEC is trying to classify almost every cryptocurrency as a security.   Read more...

This is a preview of Why Vitalik Buterin Believes Crypto Should Evade Big Money. Click Here To Read the full post

Fiat Money Breaks Capitalism, And Bitcoin Fixes It

By Leave a Comment

The problems of today are constantly criticized under the label of capitalism, but fiat money has warped free market interactions.

This is an opinion editorial by Hannah Wolfman-Jones, author of “System Override: How Bitcoin, Blockchain, Free Speech, & Free Tech Can Change Everything” and founder of We The Web.

Capitalism is controversial these days. Many look at societal problems today and lay the blame squarely at the feet of capitalism. What these crusaders who proudly label themselves as “anti-capitalists” fail to realize is the global fiat system we have today is not really capitalism.  Read more...

This is a preview of Fiat Money Breaks Capitalism, And Bitcoin Fixes It. Click Here To Read the full post

South Korean Regulator To Prevent Money Laundering Attempts Through Crypto

By Leave a Comment

Over the years, the crypto industry has witnessed increasing crimes using crypto assets. This is because transactions with virtual assets require no interference from third parties, making it easy for criminals to succeed.

However, more attention is coming from regulators to the crypto space. They aim to control the spread of criminal activities such as money laundering and terrorist financing using cryptocurrencies.

These objectives have propelled most watchdogs to set up regulatory frameworks to track and ensure compliance with anti-money laundering (AML).  Read more...

This is a preview of South Korean Regulator To Prevent Money Laundering Attempts Through Crypto. Click Here To Read the full post

The Obscured Attribute Of Money That Bitcoin Doesn’t Need

By Leave a Comment

Bitcoin is freedom money that exists for the people, by the people and of the people.

This is an opinion editorial by Mark Maraia, an entrepreneur, author of “Rainmaking Made Simple” and Bitcoiner.

View the original article to see embedded media.

In the final episode of the “Speaking Of Bitcoin” podcast, embedded above, Andreas Antonopoulos put forth the idea that there are four uses for money instead of three. The first three are well known at this point in the Bitcoiner space: store of value, medium of exchange and unit of account. He makes a short but compelling argument that there is a fourth use of money: control. I’d argue that in this digital age, his insight is both brilliant and a blinding flash of the obvious!  Read more...

This is a preview of The Obscured Attribute Of Money That Bitcoin Doesn’t Need. Click Here To Read the full post

Data: Most Bitcoin Mining Firms Have Lost Money Over The Years

By Leave a Comment

Data shows most of the public Bitcoin mining companies have been accumulating losses during their lifetimes.

Bitcoin Mining Firms Have Been Losing Money Over The Years

As per the latest weekly report from Arcane Research, out of the public miners in the red, Core Scientific has especially large losses of $ 1.3 billion.

The relevant concept here is of “retained earnings,” which is a measure of any firm’s total accumulated net income during its entire lifespan.

When this metric has a negative value, it means the company in question has incurred a net loss over its lifetime.  Read more...

This is a preview of Data: Most Bitcoin Mining Firms Have Lost Money Over The Years. Click Here To Read the full post

Japan Crypto Rule Now Targets Money Laundering Issues

By Leave a Comment

The Japanese government should introduce rules that target criminals using crypto from crypto exchanges to launder money. Reportedly, these remittance rules are supposed to be introduced by next springtime.

The Act on the Prevention of the Transfer of Criminal Proceeds is supposed to be revised so that it is mandatory to share customer information between cryptocurrency exchange operators.

This is supposed to track the money transfers of people who are dealing in illegal activities.

The rule that involves sharing customer information requires sharing customer information that includes customers’ names and even addresses when there are crypto transfers between platforms.  Read more...

This is a preview of Japan Crypto Rule Now Targets Money Laundering Issues. Click Here To Read the full post

The Energy Crisis Will Turn The Money Printers Back On, But Only Bitcoin Can Solve It

By Leave a Comment

The only way out of this mess is to adopt a money that is extremely hard for the unproductive class to corrupt. That money is bitcoin.

The below is a direct excerpt of Marty’s Bent Issue #1258: “The energy crisis is going to turn the money printers back on faster than most expect.” Sign up for the newsletter here.

This is a preview of The Energy Crisis Will Turn The Money Printers Back On, But Only Bitcoin Can Solve It. Click Here To Read the full post

Bitcoin Maximalism Is The Idea That You Need To Fix The Money First

By Leave a Comment

The market for money has been distorted by The State for so long, it came to hardly exist before Bitcoin arrived.

This is an opinion editorial by Niko Jilch, a financial journalist based in Vienna, Austria who runs the Fixthemoney Substack and a German podcast called “Was Bitcoin bringt.”

Alright. It seems like we have decided to spend the “cryptowinter” arguing about who is the coolest kid on the block: Bitcoin Maximalists or altcoiners.

This isn’t a new debate but the recent defection of Nic “rising star” Carter and some others from the camp of “toxic maxis” has restarted it. Then there was this thread by Bitcoin core dev Matt Corallo.  Read more...

This is a preview of Bitcoin Maximalism Is The Idea That You Need To Fix The Money First. Click Here To Read the full post

Money, The State And The Global South: Alternative Roles For Bitcoin

By Leave a Comment

Bitcoin has various use cases and applications that shouldn’t be ignored for narratives that obscure more than educate.

This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics.

Author’s note: This is the first part of a three-part publication.

Part 1 introduces the Bitcoin standard and assesses Bitcoin as an inflation hedge, going deeper into the concept of inflation.

Part 2 focuses on the current fiat system, how money is created, what the money supply is and begins to comment on bitcoin as money.  Read more...

This is a preview of Money, The State And The Global South: Alternative Roles For Bitcoin. Click Here To Read the full post

Bitcoin What-If: The State Was Demonetized By Sound Money?

By Leave a Comment

The bloated modern State’s existence depends upon the control of money creation, and Bitcoin will expose that.

This is an opinion editorial by Ulric Pattillo, contributor at Bitcoin Magazine and co-author of the Declaration of Monetary Independence.

Author Disclaimer: The following work is a combination of real world commentary and fan fiction, similar to your favorite sci-fi world. I do not intend to infringe or misappropriate any real world ideas or work. Any similarity to concepts or work in the fan fiction portion is purely coincidental. This is Part 2 of a series I call “Bitcoin: What-If?”. Marvel can’t own that, right?  Read more...

This is a preview of Bitcoin What-If: The State Was Demonetized By Sound Money?. Click Here To Read the full post

Bitcoin Is Money. Central Bank Digital Currencies Are Not.

By Leave a Comment

CBDCs are a form of social control, while Bitcoin represents hope for a more equitable human future based on the universal constant of 21 million.

This is an opinion editorial by Wes Craik, an independent Canadian writer and host of the FINterpreter YouTube channel.

Central Bank Digital Currencies (CBDCs) will soon be operational in various countries and it’s important to note that they’re a form of money with intrinsic programmability. Rules can and will be set as to how these central bank liabilities can be spent. Over time, CBDCs are the elimination of cash and thus, private exchange. They are also the most “slippery slope” ever witnessed.  Read more...

This is a preview of Bitcoin Is Money. Central Bank Digital Currencies Are Not.. Click Here To Read the full post

Crypto News

Featured

Press Releases

ADVERTISEMENT

Loading data ...
Comparison
View chart compare
View table compare