Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications
On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair Jerome Powell. The Fed Chair says as far as a U.S.-issued CBDC is concerned, it is “more important to get it right than to be first.” The...
Bitcoin Bar ‘Room 77’ Shuts Down
Room 77, the German bar and restaurant that claims to be the first retail outfit in the world to accept bitcoin payments, has shut down. Cypherpunk Holdings chief economist Jon Matonis broke the news on Twitter. Bar owner Jorg Platzer later confirmed it on Reddit. “Room 77 is closing for good,” Platzer revealed in a rather futuristic, celebratory post on Oct. 18. “We think our mission is accomplished and it is time to go back to our...
Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries
Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst cybercrime group. Peter Schiff’s Euro Pacific Bank Probed by Tax Authorities Euro Pacific Bank, a Puerto Rico-licensed bank founded by gold bug and...
Cloudflare Counters Mass Piracy Allegations in ‘Thothub’ Lawsuit
Cloudflare is a CDN provider that doesn’t host any copyright infringing material, but several of the company’s customers do. This has resulted in various copyright infringement allegations, including lawsuits in the US, Europe, and elsewhere. While Cloudflare positions itself as a neutral intermediary that can’t do anything to stop pirate sites, not all courts agree. Just this month, courts in Germany and Italy ruled that Cloudflare...
How should open source projects handle copyright notices?
Copyright notices in source code are inconsistently applied and poorly maintained. As a result, such notices are poor sources of information. Should more resources be applied to the maintenance of copyright notices? No. Copyright notices are one-line strings that typically include the word “Copyright” (or some substitute, like ©), a name (usually a person or company), and a year. read more Powered by...
