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NuGenesis Comprehensive 2-part Review of proposed amendment of the Federal Reserve Act (Part 2)

SWEEEPING REFORMS AND EFFECT ON STABLE COINS (The Digital Assets Market Structure and Investor Protection Bill.) The sweeping legal reforms and the down-under solution The “Digital Asset Market Structure and Investor Protection Bill” seeks to prohibit stable coins.    Proposed US Code section 5104(a) provides that “no person may issue, use […]

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Brazilian Exchange “bought” news Portal accused of manipulation

On August 6th, Mercado Bitcoin, one of the largest cryptocurrency exchanges in South America, announced the bought of Portal do Bitcoin, a news portal focused on cryptocurrencies and technology-related topics. https://cointelegraph.com.br/news/mercado-bitcoin-holding-buys-bitcoin-portal Despite the Brazilian exchange, in a paid advertisement considering this activity as beneficial to the cryptocurrency market, some cryptocurrency […]

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Nugenesis Ecosystems – Upholding the Principles of Monotheism Financial Practices, Paving the Way for Future Application of Islamic and Non-usury Banking

Islamic scholars have long had major issues with whether cryptocurrency is permissible, and is it equal or more appropriate to Islamic finance than Fiat? All Monotheism religions have strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, metals, tradable products, etc. Some […]