Bitcoin: Property, Currency or Commodity?
Brazil Economy: Is the Samba over?
On September 18th 2015, the Commodity Futures Trading Commission (CFTC) has decreed Bitcoin a commodity, while other U.S. agencies defined it as a property and as a currency. Who is right? It is common knowledge that Bitcoin, the world’s first peer-to-peer digital currency, was created by a Japanese hacker called Satoshi Nakamoto in 2009. Since […]
It has been a tough year for emerging economies. Lately, China has been hit by a huge stock market storm, experiencing a loss of 40% since peaking in June (the largest drop since 2008). Questions about its economic health have been raised, given the government reaction with panicked interventions. This was a terrible year for […]