Episode #8

Another day, another banker slamming cryptocurrency as a "fraud." First it was Jamie Dimon of JP Morgan (although he came to regret that), now it's Agustin Carstens.

Carstens, the head of the Bank for International Settlements (BIS) slammed bitcoin as "a combination of a bubble, a Ponzi scheme and environmental disaster." The latter we suppose because of the energy consumption needed to mine it.

Funny... similar words could be used to describe the many financial crises directly caused by banks -- most recently in 2008.

And we should not forget the illegal money laundering by HSBC in Carstens' native Mexico, where he served as Deputy Secretary of Finance.

What do you think -- Does the BIS have it right, or is it actually just BS?

 

   

Episode #6

FUD is a widely used acronym for the words Fear, Uncertainty, and Doubt.

And, it is continuing to win again this week, but not just in the cryptocurrency markets. The stock market took a  deep dive today, plunging nearly 1500 points.

Even without the bad news from Wall Street, there was plenty to make people want to cave in and panic sell.

Today, China announced that it's extending it's ongoing ban, in an attempt to completely stop and prevent cryptocurrency trading. For the moment, it remains legal for Chinese to actually own or hold cryptocurrency.

Listen to hear more news.

What are your thoughts?