Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection of such notes by banks and other authorized forex dealers.” Rejection of Defaced or Stamped USD Notes In the circular issued by Ahmed Umar, a director...
Gold Bug vs. Bitcoin Bug: A Look at the Curious Relationship Between Peter and Spencer Schiff
For years now the well known economist and gold bug Peter Schiff has continuously spoken out against bitcoin, as he claims precious metals are far superior. A great number of people have rebutted Schiff’s statements about bitcoin but during the last year, the gold bug has had a different thorn on his side. In recent days, Schiff’s nemesis on Twitter is his own son Spencer Schiff, a young entrepreneur who is “interested in finance,...
Phuture Raises $1.5m in Seed Funding to Launch Indexing Protocol on Ethereum
PRESS RELEASE. Phuture, a decentralised protocol built for the creation and investment of passive index strategies in a Web3 environment, today announced that it has completed its private seed round fundraise. The round, led by Ascensive Assets, raised a total of $1.5 million. Once live, Phuture will introduce an open design philosophy for creating passive investment strategies. Designed from the ground up to be intuitive to both...
Bill Maher Mocks Bitcoin, Citing Warren Buffett, Bill Gates, Nassim Taleb
American comedian and television host Bill Maher mocked bitcoin and other cryptocurrencies, including dogecoin, on his show Friday. He quoted several bitcoin critics: Berkshire Hathaway CEO Warren Buffett, Microsoft founder Bill Gates, and “The Black Swan” author Nassim Taleb. Bill Maher Admits He Doesn’t Get Bitcoin Television host and political commentator Bill Maher mocked bitcoin and other cryptocurrencies on his Real Time with...
The Pirate Bay Co-Founder Peter Sunde Acted Illegally, Court Rules
As part of the entertainment industries’ mission to have infringing sites blocked by ISPs in Finland, in 2011 the Helsinki District court ordered local ISP Elisa to block The Pirate Bay to prevent music piracy. A year later, IPFI filed a lawsuit against two other providers and the administrators of the Pirate Bay, demanding that the former restrict access and the latter cease-and-desist their activities. In 2016 and after the...
