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Keyword: cryptocurrency

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  • Congress Needs To Provide Guardrails for the Cryptocurrency Revolution

    10/22/2021 3:32:41 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | October 22, 2021 | Josh Hammer
    The Chinese Communist Party poses the most comprehensive 21st-century threat to the American nation, the American people and the American way of life. The first half of this century will be defined by how the U.S. meets the Chinese challenge across the full spectrum of economic, national security, geopolitical and cultural issues. And an easily neglected aspect of our new great-power competition with our Far East archfoe now cries out for diligent and prompt attention: safeguarding the fruits of the nascent, but ascendant, cryptocurrency revolution. Last month, China effectively banned all cryptocurrency trading and mining, which the Communist Party increasingly...
  • Bitcoin Surpasses Swiss Franc To Become World’s 13th Largest Currency

    10/20/2021 7:04:54 PM PDT · by aMorePerfectUnion · 19 replies
    Bitcoin Magazine ^ | 10-20-21 | Staff
    At the time of writing, Bitcoin has surpassed the Swiss Franc (CHF) in market capitalization as the world’s thirteenth largest currency, according to data from Fiatmarketcap.com. There are only 12 world currencies left for Bitcoin to overcome. Fiatmarketcap.com takes a Bitcoin standard approach to analyze currencies. It measures the world’s biggest currencies in terms of market capitalization as priced in BTC, the best form of money ever created but still lagging in perception. The website also uses BTC as a measuring stick for countries’ gross domestic product (GDP), which puts Bitcoin at eighteenth place. As the world starts recognizing the...
  • ProShares bitcoin futures ETF sees historic nearly $1 billion trading day

    10/20/2021 7:44:01 AM PDT · by aMorePerfectUnion · 8 replies
    The Block Crypto ^ | October 19, 2021 | Aislinn Keely
    ProShares' bitcoin futures exchange-traded fund (ETF) listed on the New York Stock Exchange today, and it was welcomed with explosive interest. "It absolutely obliterated," said James Seyffart, Bloomberg Intelligence ETF Analyst. At the time of writing, volumes for the so-called ProShares Bitcoin Strategy ETF (BITO) stood near $1 billion after its inaugural trading day. At last check, volumes stood at $999.473 million. Many expected a massive launch, but Seyffart told the Block that the volumes blew away expectations. Bloomberg Intelligence was expecting the product to top the launch of the VanEck Social Sentiment ETF ($BUZZ), according to Seyffart. $BUZZ did...
  • Could a ‘Carbon Coin’ Solve the Climate Crisis?

    10/14/2021 12:15:15 PM PDT · by nickcarraway · 39 replies
    GreenBiz ^ | October 13, 2021 | Adam Aston
    Dealing with climate change can seem impossibly costly. By all accounts, the toll will be many trillions of dollars annually for many years to come. So far, efforts have been patchy and painful. Washington is momentarily engaged in a high-wire act to fund a multitrillion-dollar, climate-focused package that could make or break Uncle Sam’s decarbonization effort. Even more modest sums are tough. To date, rich-world pledges to subsidize poor countries’ climate costs — to the tune of just $100 billion per year — remain unmet after a decade. Far tougher challenges and much higher costs lay ahead, so the prospects...
  • The ‘War On Cash’ Endgame Is Here

    10/10/2021 7:50:01 AM PDT · by Brookhaven · 66 replies
    Nation and Sate ^ | 10-10-21 | kit Knightly
    The war on cash’s endgame is here: money replaced by vouchers subject to complete state control. For those who have never heard of them, “Central Bank Digital Currencies” (CBDCs) are exactly what they sound like, digitized versions of the pound/dollar/euro etc. issued by central banks. Like bitcoin (and other crypto), the CBDC would be entirely digital, thus furthering the ongoing war on cash. However, unlike crypto, it would not have any encryption preserving anonymity. In fact, it would be totally the reverse, potentially ending the very idea of financial privacy. The countries where the idea progressed the furthest are China...
  • Crypto Exchange Bug Reveals North Korean Monero Laundering

    10/05/2021 10:51:16 PM PDT · by TigerLikesRoosterNew
    Bank Info Security ^ | September 29, 2021 | Jeremy Kirk
    Crypto Exchange Bug Reveals North Korean Monero Laundering ShapeShift's Systems Reduced Privacy for Monero, Researcher Says Jeremy Kirk (jeremy_kirk) • September 29, 2021 Weaknesses in the systems of ShapeShift, a U.K.-based cryptocurrency exchange, reveal how a North Korean-linked group laundered cryptocurrency that came from a notorious ransomware attack in 2017. See Also: Automating Security Operations The issues also put at risk the privacy of some other users of Monero, a cryptocurrency designed to provide a high degree of privacy, who transacted on ShapeShift. The bug appears to have been discovered by multiple parties, including Nick Bax, who recently received a...
  • Green bubbles threaten to pop stock markets

    10/02/2021 8:20:40 AM PDT · by Hojczyk · 18 replies
    Asia Times ^ | OCTOBER 2, 2021 | By DAVID P. GOLDMAN
    Magical US thinking of a Green agenda financed by endless amounts of printing-press money will only end in tears Prices for all energy commodities jumped during the past month, some by record margins, as a global energy shortage set off a scramble for gas, coal and oil. Brent crude has doubled in the past year, Newcastle coal has quadrupled, and Netherlands natural has risen seven-fold. There are many small reasons for the global energy squeeze, and one big one: Investment in hydrocarbons has collapsed under pressure from the Green agenda adopted by international consensus. Energy investment in the United States...
  • Not Secure! Coinbase Says Hackers Stole Cryptocurrency From at Least 6,000 Customers

    10/01/2021 8:41:16 PM PDT · by SeekAndFind · 16 replies
    Hackers stole from the accounts of at least 6,000 customers of Coinbase Global Inc, according to a breach notification letter sent by the cryptocurrency exchange to affected customers.The hack took place between March and May 20 of this year, according to a copy of the letter posted on the website of California’s Attorney General.Unauthorized third parties exploited a flaw in the company’s SMS account recovery process to gain access to the accounts, and transfer funds to crypto wallets not associated with Coinbase, the company said.“We immediately fixed the flaw and have worked with these customers to regain control of their...
  • China Declares Cryptocurrency Transactions Illegal; Bitcoin Price Falls

    09/25/2021 7:39:05 AM PDT · by Scarlett156 · 24 replies
    Wall Street Journal ^ | 09/24/2021 | Elaine Yu and Joe Wallace
    China’s central bank said all cryptocurrency-related transactions are illegal, reinforcing the country’s tough stance against digital rivals to government-issued money. In a statement posted on its website on Friday afternoon, the People’s Bank of China said the latest notice was to further prevent the risks surrounding crypto trading and to maintain national security and social stability. Cryptocurrencies weakened following the statement.
  • US Congress Taking Revolutionary Steps Towards A Central Bank Digital Currency

    09/24/2021 6:24:51 PM PDT · by EBH · 77 replies
    THE DECENTRALIZED LEGAL SYSTEM ^ | 9/19/2021 | WESLEY THYSSE
    The future of money is here; will the Federal Reserve Board be authorized to use distributed ledger technology for the creation, distribution and “recordation” of all the transactions of a Digital Dollar? On July 28, 2021, a new bill was introduced in the US House of Representatives. This bill, sponsored by Congressman Don Beyer,1) aims to regulate crypto-currencies. But it does more… The bill is called the “Digital Asset Market Structure and Investor Protection Act”2) (“Digital Asset Bill”). And for the majority, it sets out future rules for crypto. However, hidden in this bill, changes to the foundation of the...
  • China Declares All Virtual Currency Transactions “Illegal”, Sending Cryptocurrency Prices Tumbling

    09/24/2021 9:25:15 AM PDT · by SeekAndFind · 53 replies
    Nation and State ^ | 09/24/2021 | Tyler Durden
    China expanded its escalating crackdown on cryptocurrencies on Friday when its central bank declared that all activities related to digital coins are “illegal” and must be banned.In a statement the People’s Bank of China said the latest notice was to further prevent the risks surrounding crypto trading and to maintain national security and social stability.Curiously, the statement is dated September 15, but only hit the central bank's website at 5pm on Friday.PBOC’s announcement about ban crypto got widespread today is was ANNOUNCED ON SEPTEMBER 15TH, but got posted online today. The market already reacted on those regulatory fud.https://t.co/BPlVQEMVMt pic.twitter.com/e0U7gbEHnY —...
  • China says all crypto transactions illegal; Bitcoin tumbles

    09/24/2021 8:44:49 AM PDT · by Salman · 9 replies
    AP (via their own site) ^ | 2021-09-24 | AP stringer in Beijing
    BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes. “Virtual currency derivative transactions are all illegal financial activities and are strictly prohibited,” the People’s Bank of China said on its website. ...
  • China Declares All Cryptocurrency Transactions Illegal

    09/24/2021 6:16:27 AM PDT · by dynachrome · 29 replies
    BBC ^ | 9-24-21 | BBC
    China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. "Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets". China is one of the world's largest crypto-currency markets. Fluctuations there often impact the global price of crypto-currencies. The price of Bitcoin fell by more than $2,000 (£1,460) in the wake of the Chinese announcement. It is the latest in China's national crackdown on what it sees as a volatile, speculative investment at best - and a way...
  • China declares all crypto-currency transactions illegal

    09/24/2021 4:58:24 AM PDT · by Oldeconomybuyer · 30 replies
    BBC News ^ | September 24, 2021
    China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. "Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets". China is one of the world's largest crypto-currency markets. Fluctuations there often impact the global price of crypto-currencies. The price of Bitcoin fell by more than $2,000 (£1,460) in the wake of the Chinese announcement. It is the latest in China's national crackdown on what it sees as a volatile, speculative investment at best - and a way...
  • Biden to Tap Wall Street and Crypto Critic to Lead Bank Regulator: Report

    09/23/2021 12:41:41 PM PDT · by ETCM · 11 replies
    Barron's ^ | 23 Sep 2021 | Sabrina Escobar
    President Joe Biden is expected to choose Omarova to run the Office of the Comptroller of the Currency, which supervises about 1,200 banks and federal savings associations, as soon as this week, sources told the news agency. Omarova, a Kazakhstan native, currently teaches law at Cornell University Law School. In her academic work, she has argued in favor of policies that would tighten banking regulations across the board and give government a larger role in supervising the financial system, such as restructuring the Federal Reserve. She also has argued the central bank should provide consumer bank accounts.
  • What the heck is Bitcoin?

    09/18/2021 11:11:09 AM PDT · by jagusafr · 86 replies
    Today | Jagusafr
    Can somebody suggest a basic tutorial on bitcoin/Blockchain essentials?
  • Bitcoin tumbles 10% as El Salvador adopts it as legal tender

    09/07/2021 11:21:05 AM PDT · by SunkenCiv · 55 replies
    CNBC ^ | Tuesday, September 7, 2021 | Tanaya Macheel
    The price of bitcoin fell Tuesday after breaking through $52,000 late Monday, reaching its highest level since May.The price action comes on the day El Salvador is set to adopt the largest cryptocurrency by market cap as legal tender, becoming the first country to do so. Bitcoin dropped as much as 16% on Tuesday morning. It was last down by about 9.8% and trading at $46,741.00, according to Coin Metrics. Ether fell about 12% to $3,438.00.Crypto adjacent stocks MicroStrategy and Coinbase also fell about 7% and 3%, respectively. Coinbase users were experiencing delayed or canceled transactions at “elevated rates” in...
  • Who is a reliable research source for cryptocurrency investment? I'm a noob and don't know much on the topic

    09/02/2021 10:30:17 AM PDT · by This_Dude · 87 replies
    9/2/21 | This_Dude
    Hello all, I'm doing a bunch of reading, trying to get into the crypto game, and searching only yields articles on why I should/should not invest in dogecoin, for instance. People use acronyms and letters and it's like I'm reading another language when I go somewhere like reddit. I hope that a fellow creeper knows some good, unbiased learning material for a complete and total noob like me. Thank you all and God bless
  • Here's why this billionaire investor predicts crypto currencies will 'go to zero'

    08/30/2021 9:55:52 AM PDT · by SaxxonWoods · 53 replies
    Marketwatch ^ | 8/30/2021 | Barbara Kollmeyer
    This link also works: https://outline.com/JJt8uT “Cryptocurrencies, regardless of where they’re trading today, will eventually prove to be worthless. Once the exuberance wears off, or liquidity dries up, they will go to zero. I wouldn’t recommend anyone invest in cryptocurrencies,” John Paulson, president and portfolio manager of U.S. investment firm Paulson & Co., told Bloomberg Wealth in an interview that published on Monday. Paulson said it wasn’t even worth shorting bitcoin given its extreme volatility, and instead suggested investors sock money into bullion, due to “a very limited amount of investible gold.” Paulson sees investors pulling money out of fixed income...
  • Your Credit Score Should Be Based on Your Web History, IMF Says

    08/19/2021 5:12:57 PM PDT · by algore · 47 replies
    With more services than ever collecting your data, it’s easy to start asking why anyone should care about most of it. This is why. Because people start having ideas like this. In a new blog post for the International Monetary Fund, four researchers presented their findings from a working paper that examines the current relationship between finance and tech as well as its potential future. Gazing into their crystal ball, the researchers see the possibility of using the data from your browsing, search, and purchase history to create a more accurate mechanism for determining the credit rating of an individual...