In a shocking announcement, President Nicolás Maduro has ordered that the highest bill in circulation, the 100 Bolivar note ($0.025), be taken off the streets in less than 72 hours. The President argued that the banknotes are being smuggled out of the country by local mafias and powerful economic “enemies”. Venezuela’s president has been denouncing the “mafias”, which –according to him and his staff–have been extracting currency bills outside the …
[Read More]

There are several misconceptions about the world of Bitcoin and digital currency, which is a fact no one will deny. But at the same time, a lot of these misconceptions stem forth from a lack of understanding how the monetary system works. Especially for people who feel safe to have their money “backed” by banks, the reality is vastly different from what they assume to be true. No one will …
[Read More]