TagPanama Papers

Nobel Laureute Economist: US Should Move to Digital Currency, Get Rid of Fiat

Stiglitz digital currencies

Joseph Stiglitz, Nobel Prize-winning economist recently said that the U.S. should phase out fiat currency and move toward digital currency, at the World Economic Forum’s Annual Meeting in Davos, Switzerland. Speaking in the session called Ending Corruption, Stiglitz said that phasing out money and introducing digital currency has ‘benefits that outweigh the cost,’ in the long term. He states by...

Can the Blockchain Be a Solution to the Panama Papers Revelations?


Secrecy scandal after secrecy scandal have rocked the financial world since the 2008 financial crisis. In early 2014, the LIBOR scandal uncovered the manipulation of Forex markets. Last week, the Panama Papers detailed the behavior of Panamanian law firm Mossack Fonseca, which has sold shell companies for the past 40 years so individuals could hide their wealth. Political players, drug dealers...

Auroracoin Jumps Amid Panama Papers Controversy

Auroracoin Panama Papers

Auroracoin suddenly spiked last week, perhaps upon the leak of the Panama Papers. The papers promptly angered Icelanders, who now feel  that the nation is suffering yet another 2008. Although Auroracoin has not been an overwhelming success, its market cap has increased three-fold since the Panama Papers leaked. The peer-to-peer cryptocurrency, launched in February 2014, was marketed as an...

China's "Panama" Censorship & The Implications For Encryption, Bitcoin

Bitcoin China Panama

The Panama Papers will have political and social fallout for months and years to come, much like the Libor scandal or the Edward Snowden leaks. A vote of no confidence for Iceland’s prime minister and Internet censorship in China are likely but the beginning.  With top Chinese leaders cited in the leaks, the nation is reportedly turning to Internet censorship to censor the topic. Süddeutsche...

The Panama Papers-Bitcoin Connection


Süddeutsche Zeitung, in collaboration with The Consortium For Investigative Journalists, revealed 11.5 million leaked confidential documents from a Panama-based law firm, Mossack Fonseca. The documents reveal a shadowy network of politicians, celebrities and other powerful people concealing their wealth. While Bitcoin is not directly mentioned in the documents, there are connections between the...