Dangerous Derivatives And Why Our Banks Are Hiding Them

You think Derivatives won’t affect the world you live in. Try a figure of   SIX HUNDRED TRILLION DOLLARS CONSERVATIVE ESTIMATE $600,000,000,000,000.00 ANNUAL GLOBAL GDP IS $60 TRILLION DOLLARS ( 1/10TH OF  DERIVATIVES TOTAL) IT HAS BEEN ESTIMATED THAT THE UPPER LIMIT OF GLOBAL  DERIVATIVE  FINANCIAL ’BETS’  OUT THERE COULD BE AS HIGH  AS TWELVE …[continue reading]

Russia’s central bank takes steps towards establishing gold-backed cryptocurrency

First there was Tether; a controversial dollar-backed cryptocurrency by crypto exchange firm, Bitfinex. Then came Petro, the industry’s first oil-backed crypto issued by the Venezuelan government last year. And now we might be about to see the first gold-backed cryptocurrency – by a central bank, no less. According to Russian news agency, TASS, Russia’s central …[continue reading]

How the blockchain is changing money and business | Don Tapscott

What is the blockchain? If you don’t know, you should; if you do, chances are you still need some clarification on how it actually works. Don Tapscott is here to help, demystifying this world-changing, trust-building technology which, he says, represents nothing less than the second generation of the internet and holds the potential to transform …[continue reading]