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Twelve years ago, on this very day of April 23, 2011, a cryptic individual, known only as Satoshi Nakamoto, penned one of the final correspondences to software developer Mike Hearn. The elusive mastermind behind Bitcoin conveyed in the message that he, she, or they had “moved on to other things” and confidently asserted that the
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There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations. It now appears that Republican
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The writer is chair of Rockefeller International Today commentators overwhelmingly agree that a weakening US dollar cannot possibly lose its status as the world’s dominant currency because there is “no alternative” on the visible horizon. Perhaps, but don’t tell that to the many countries racing to find an alternative, and such complacency will only accelerate their
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The steady stream of European leaders visiting Beijing recently comes with a risk. Europe’s eagerness must make it look increasingly in China’s eyes like a demandeur — the party in diplomatic relations that cannot wait for the other to propose something, but has to come asking. But what exactly is Europe asking for? It is
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Bitcoin proponents eyeing fiat failures are in no shortage of news on the topic as of late, as multiple officials, economists, authors, and analysts from around the world have been weighing in on “de-dollarization” in a prolific fashion. Author and libertarian Jeffrey Tucker said recently: “The dollar’s just not going to be king,” and Russia’s
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The UK state-backed insurance scheme designed to help keep the live events sector going through the coronavirus pandemic paid out just one claim of £180,500, while generating almost £6mn in premiums, according to official data. The “live events reinsurance scheme”, which was set up in September 2021 and wound up a year later, paid out
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