It’s an optimistic view. But some believe unions might be ready for a 21st century make-over. Instead of being run by union bosses, unions might be a perfect use case for being organized via Decentralized Autonomous Organizations (DAOs). Experiments are already happening, including the first known instance of a “brick-and-mortar” (ie. business with physical locations)...
Peter Thiel, co-founder of Paypal and the Founders Fund venture capital firm, attacked Warren Buffet, James Dimon, and Larry Fink as a “financial gerontocracy” conspiring to hobble the price of cryptocurrencies. Buffet is founder and chair of Berkshire Hathaway, Dimon is chair and CEO of JPMorgan Chase, and Fink is chair and CEO of the...
MARCH MADNESS IN CRYPTOS DISGUISED BY UNCERTAIN PRICE ACTION. Crypto price action over the past six weeks has been down, up, and mainly sideways. But the seeming “volatile malaise” in token prices may not be a true indicator of where cryptos are as a sector in a very uncertain world economy. Data shows March 2022...
Bitcoin’s price may have seen some downturn over the last week, but several major announcements might just prove to be lightning in a bottle for the king of cryptos. Strike CEO Jack Mallers disclosed a number of high-powered agreements, including one with ecommerce giant Shopify, that will see Strike’s Bitcoin Lightning Network be utilized to...
Bitcoins are created or “mined” when people use sophisticated computer equipment to solve complex mathematical problems. The first person to solve a problem earns a Bitcoin and the process begins anew. The problem: all that computer power burns huge amounts of electricity. Mining one Bitcoin, now worth about $46,000, takes about $12,000 worth of electricity,...
On 23 March, hackers invaded part of Sky Mavis’s Ronin Network and stole $540 million worth of Ether and USDC stablecoins from the Axie Infinity game the company operates, it reported. The losses totaled 173,600 ether and 25.5 million USDCs and rank as the second-largest crypto theft ever, according to data service Elliptical. The company...
WARREN SAYS BITCOIN LIKE “BUYING AIR.” Related to her recent comments to NBC on a US CBDC, Senator Elizabeth Warren (D-MA) painted the blockchain crypto technology sector as basically a giant empty bubble ready for a big burst. “The whole digital world has worked very much like a bubble works,” said Warren. “What is it...
Leave it to ZeroHedge to feature an article that lays out just how transformative are Russia’s moves to tie gold to the ruble and commodities it produces. As it turns out, crypto hasn’t been the substantial path chosen by Russia to break the weaponized financial system sanctions imposed by the Biden Administration and Nato allies....
The Russian sanction blunders of the Biden Administration are likely destined to be seen as the catalyst that spurred the U.S. dollar’s demise as the world’s reserve currency. This week U.S. Senator Elizabeth Warren (D-MA) sounded panicked as they stepped up calls for the creation of a U.S. Central Bank Digital Currency (CBDC). Warren serves...
The U.S. Federal Reserve favors innovation in digital financial products, but “it is easy to see the risks” in some new products, including cryptocurrencies, that would require new regulatory frameworks, Fed chair Jerome Powell said in a 23 March comment at a gathering of central bankers hosted by the Bank for International Settlements. In assessing...
Join us on September 28th on the Four Corners of Freedom, John and Crown St. in Kingston, NY at 2pm for our annual peace rally.
Judge Andrew Napolitano, Scott Ritter, Max Blumenthal, Anya Parampil and Gerald Celente
HERE’S THE DEAL: Sign up for a yearly subscription of The Trends Journal — the world’s best trend-forecasting magazine — and we’ll throw in our new T-shirt for FREE!