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looking beyond borders

foreign policy and global economy

Archive for the tag “cryptocurrency”

Addressing the Dark Side Of The Crypto World

Whether Bitcoin’s value goes up or Bitcoin’s value goes down, people around the world are asking the same question: What exactly is the potential of crypto-assets? The technology behind these assets—including blockchain—is an exciting advancement that could help revolutionize fields beyond finance. It could, for example, power financial inclusion by providing new, low-cost payment methods to those who lack bank accounts and in the process empower millions in low-income countries. The possible benefits have even led some central banks to consider the idea of issuing central bank digital currencies. Before we get there, however, we should take a step back and understand the peril that comes along with the promise.

Read Here – International Monetary Fund

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From Bitcoin to Belize, Here Are Best And Worst Assets Of 2017

It was a great year for copper, Ukrainian stocks, palladium. Uzbekistan’s currency, Venezuelan bonds and sugar not so much. It was a great year to hold bitcoin, but a bad time to have been invested in the Uzbek soum.

Bitcoin Is A Delusion That Could Conquer The World

If every currency is a consensual delusion, then bitcoin, a digital cryptocurrency that changes hands over the internet, feels more like a consensual hallucination on psychedelic drugs.

Read Here – The Atlantic

Also Read: Why Bitcoin Fever Is A Bubble Waiting To Burst

Seven Things We Learned About China In September

While everyone is talking about face recognition on new phones, China is already developing some surprising applications for this technology such as smiling to pay for your meal, using your face and your voice to access your residence hall at university, enforcing social norms by, for example, naming and shaming jaywalkers, and catching criminals on their day off.

Read Here – World Economic Forum

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