SHANGHAI — There is an audacious economic phenomenon happening in China. It has nothing to do with debt, infrastructure spending or the other major economic topics du jour. It has to do with cash — specifically, how China is systematically and rapidly doing away with paper money and coins.
» Currently browsing: Money Talk
Vitalik Buterin is the brains behind what some say is the next generation of bitcoin, called Ethereum.
Apple’s first iPhone was released 10 years ago this week — on June 29, 2007. While it wasn’t the first smartphone, it leapfrogged far beyond the competition and launched the mobile revolution. Few industries or societies have been left unchanged. Here are 10 charts that show some of the profound effects the iPhone-led — and […]
Bytecoin, an untraceable privacy-preserving cryptocurrency, has just seen an astronomical triple-digit percent surge in price. The cryptocurrency soared to the all time high market capitalization of $444,000,000, before calming down to around $300,000,000 and establishing itself at the top 10 cryptocurrencies by market capitalization at the time of writing (according to CoinMarketCap). A symbolic turning […]
“Code is law,” as described in Lawrence Lessig’s book ‘Code and Other Laws of Cyberspace’, refers to the idea that computer code has progressively established itself as a predominant way to regulate behavior to the same degree as legal code. With the advent of blockchain technology, code is assuming an even stronger role in regulating […]
Recently, I’ve been impressed by a vision of the future as shared by serial entrepreneur and CEO Udo Gollub. He has noted that what happened to Kodak will happen to many industries in the next 10 years. But most don’t see it coming. Did you think, in 1998, that 3 years later you would never take pictures on film or […]
If you want to help the world’s poorest, help them to farm. So says Bill Gates, and it makes sense. More than three-quarters of the poorest live in rural areas and most are smallholder farmers working less than two acres. They often lack the seeds, machinery, livestock, and finance they need to grow, so they struggle […]
Even years into the deployment of the internet, many believed that it was still a fad. Of course, the internet has since become a major influence on our lives, from how we buy goods and services, to the ways we socialize with friends, to the Arab Spring, to the 2016 U.S. presidential election. Yet, in the […]
In a major price surge, Dash has nearly doubled market cap over the last month, overtaking Litecoin and Monero to become the fourth most valued cryptocurrency. This week one year ago, Dash was the #7 ranked cryptocurrency with a market cap of about $23 mln. This number grew steadily over the course of the year, finishing out the year with […]
The virtual currency has continued its breathtaking rise surging past $1,000, after already winning the crown of the best-performing currency in 2016 by more than doubling its value in the course of the year.