The attitude of the crypto-bros and tech more generally is that they are going to make so much money that paying for whatever resource they need to make it will be a drop in the ocean. Amd that externalities such as carbom emissions are someone else's problem. I discussed Proof-o … | Continue reading
Binance and its customers will get "24/7, 365-days-a-year financial colonoscopy." | Continue reading
According to a Dec. 3 Bloomberg report, Bitcoin topped $42,000 on Monday, extending its rally of over 150% since the […] The post Bitcoin surges past $42,000 as crypto gathers momentum appeared first on ReadWrite. | Continue reading
A major theme of this blog since 2014's Economies of Scale in Peer-to-Peer Networks has been that decentralized systems aren't, because economic forces overwhelm the technologies of decentralization. Last year I noted that this rule applied to Decentralized Finance (DeFi) in Shad … | Continue reading
Cryptocurrency exchange Binance moved $3.9 billion worth of Tether (USDT) stablecoins between its wallets last week, just days before the […] The post Binance moves billions in stablecoins ahead of guilty plea deal appeared first on ReadWrite. | Continue reading
Nearly ten years after its infamous collapse, the Mt. Gox cryptocurrency exchange saga may finally be nearing resolution. According to […] The post Mt. Gox bankruptcy saga inches closer to creditor repayment appeared first on ReadWrite. | Continue reading
Source The SEC has a long history of refusing to approve spot Bitcoin ETFs, on the reasonable basis that the Bitcoin market was heavily manipulated. Crypto-skeptics like Bitfinex'ed and Davd Gerard have been pointing out obvious instances of manipulation for many years, and there … | Continue reading
The US Justice Department seeks $4 billion from Binance to end a years-long investigation into the world’s largest cryptocurrency exchange, according to Bloomberg. Negotiations are reportedly underway that could subject Binance co-founder and CEO Changpeng Zhao (aka CZ) to crimin … | Continue reading
Bitcoin wallets older than 2016 could have a vulnerability that puts over $1 billion worth of cryptocurrency at risk, according to a report in the Washington Post. Read more... | Continue reading
Tether has been one of the major mysteries of the cryptosphere for a long time. It has never been audited, and has been described as being "practically quilted out of red flags". Matt Levine says "I feel like eventually Tether is going to be an incredibly interesting story, but I … | Continue reading
Regulation works by assigning liability for actions to specific actors. The whole idea of decentralization is that by diffusing responsibility among a large number of participants the system could evade regulation. Each participant would bear such a small part of the responsibili … | Continue reading
Source What caught my eye in Olga Kharif's Crypto Delistings From Exchanges Are Already Running at a Record Pace This Year was this: Trading volume on most exchanges has plummeted in the past year, even as the number of coins has continued to multiply, with more than 1.8 million … | Continue reading
The founders of cryptocurrency exchanges face a mountain of regulatory challenges and billions in personal losses. Binance CEO Changpeng Zhao personally lost $12 billion this year as trading volumes on Binance declined, according to a Bloomberg report Friday. Meanwhile, the Winkl … | Continue reading
Binance is once again fighting off regulators, claiming the Commodity Futures Trading Commission’s (CFTC) lawsuit is an overreach of U.S. law. The largest cryptocurrency exchange in the world says the agency is trying to regulate foreign individuals and corporations operating out … | Continue reading
Where do we start with Sam Altman’s Worldcoin? The OpenAI CEO’s startup is building a new cryptocurrency. Worldcoin is also part of Altman’s disquieting plan to capture all of the world’s money with AI and then “redistribute this wealth to the people.” (Literally). And, because y … | Continue reading
The U.S. Department of Justice: James Wan, M.D., has pleaded guilty to paying a hitman he found on the dark web to murder his girlfriend. […] After learning about the threat to the victim’s life, FBI agents notified the victim, provided her protection, and questioned Wan. Wan adm … | Continue reading
In Not "Sufficiently Decentralized I explained how the SEC's William Hinman kneecapped his agency's ability to regulate Bitcoin and Ethereum, handing the baton to the CFTC. Matt Levine explains the result: The regulatory situation in the US is that there are exchange-traded funds … | Continue reading
The crypto landscape has seen better days. Vitalik Buterin, the inventor of Ethereum, was apparently the subject of a hack that targeted his Twitter account and promoted a less-than-authentic scheme to drain people’s crypto wallets.Read more... | Continue reading
The Lone Star State apparently loves cryptocurrency so much that it’s willing to pay mining firms to not do their jobs. One of those mining operations, called Riot Platforms, claims the state’s grid operator awarded it $31.7 million in energy credits last month for agreeing to ce … | Continue reading
Bitcoin halving is an event that takes place approximately every four years, or more precisely every 210,000 blocks. This event reduces the amount of new Bitcoin created and earned by miners by half. The halving is part of Bitcoin’s “monetary policy,” encoded in its software, to … | Continue reading
Jonathan Yerushalmy and Alex Hern, the Guardian: On Monday, after months of discussions, threats and warnings, the US Securities and Exchange Commission (SEC) took aim at the most powerful force in the world of cryptocurrencies. The US financial watchdog accused the crypto exchan … | Continue reading
The world of cryptocurrencies goes beyond Bitcoin (BTC), with a plethora of alternatives offering unique features, use cases, and potential for growth. If you’re looking to diversify your crypto portfolio or explore beyond Bitcoin, this article provides an in-depth analysis of th … | Continue reading
It’s a popular myth that a Bitcoin’s value is based on nothing, just pulled out of thin air by math. But that’s not true—Bitcoin is a way to commoditize energy consumption without accidentally producing anything useful. Other energy-intensive industries tend to convert energy int … | Continue reading
Andy Baio: While trying to fix my printer today, I discovered that a PDF copy of Satoshi Nakamoto’s Bitcoin whitepaper apparently ships with every copy of macOS, since at least the release of macOS Catalina (version 10.15) in 2019. I’ve asked over a dozen Mac-using friends to con … | Continue reading
A conversation with Jeff Krehmer about his upcoming book. Clean energy, clean water, hydrogen economy, airships, bitcoin mining and more, much more. ‘Infinite Resources’ Producing nearly infinite clean energy in the arctic to address the world’s energy, water and climate problems … | Continue reading
David Gura, NPR: A woman better known for setting fashion trends than financial ones, Paris Hilton, appeared on The Tonight Show Starring Jimmy Fallon in January. After talking about her recent marriage and trip to Burning Man, the former reality TV star went deep on the NFTs, or … | Continue reading
I was at an event a few months ago, where someone from the Bank of England was talking about understanding the user needs for cryptocurrency. One of the things people do when trying to create a new product or service is to write little user stories to illustrate the problem they' … | Continue reading
Whenever the word blockchain is used, cryptocurrency automatically comes to mind, and it’s true the other way as well. Many people believe that the two are synonymous and, thus, are often used interchangeably, but it couldn’t be more wrong. Cryptocurrencies are a type of money th … | Continue reading
Perhaps you, like I, have previously attempted to untangle the dense vocabulary inherent to the “crypto” or cryptocurrency or “Web3” space. Maybe you have read Kevin Roose’s guide in the New York Times, or a version of Roose’s essay edited to add context and remove puffery on Mol … | Continue reading
The White House just published a 46 pages memo investigating the energy implications consumption of crypto assets in the USA. For context. Cryptocurrency mining operations are going where the electricity is the cheapest they can get. Texas has one of the cheaper electricity rates … | Continue reading
The blockchain and Bitcoin. Decentralized finance and smart contracts. Non-fungible tokens and play-to-earn gaming. The new world of Web 3 is a lot of things — but simple isn’t one of them. A few speakers manage to turn the complexity of the blockchain into concepts that are easy … | Continue reading
Speculation is that some investors have turned to bitcoin in order to protect their holdings from the impacts of hyperinflation. But what exactly does that mean? People are drawn to everything they can run to in order to protect themselves from inflation, which has reached unprec … | Continue reading
Crypto’s dirty little secret is that it’s no more eliminated the need for trust than it has replaced the U.S. dollar. | Continue reading
Blockchain is here to stay, but in what form? Who will blockchain benefit most? And who will it inconvenience the most? Let’s take a look. Some have said that blockchain is a network that is “trustless.” However, this statement doesn’t imply that the parties participating in the … | Continue reading
The advertised decentralization of power out of the hands of a few has, in fact, been a re-centralization of power into the hands of fewer | Continue reading
You might have heard that Bitcoin uses a lot of electricity. More than some countries. You might have wondered how that could be possible. The New York Times explains with a set of graphics and ill… | Continue reading
How the $2 trillion crypto asset class taps into ‘scarcity credibility’ | Continue reading
Finanz-Bloggerin und “Fortunalista” Margarethe Honisch weiß, warum Finanzpläne derzeit ein (positiver!) Megatrend sind, was von Kryptowährungen zu halten ist – und wer dringend die Finger von Bitcoins lassen sollte. | Continue reading
Photo by André François McKenzie on Unsplash He told Institutional Investor that by the fall of 2021 bitcoin could be fairly valued at $100,000 per unit based on fundamental factors such as usage a… | Continue reading
The erstwhile bad boy of money has now become the establishment. Bitcoin is no longer a cryptocurrency but instead has become a speculative asset. Many now believe that, like gold, it too is a hedg… | Continue reading
Apple co-founder Steve Wozniak is suing YouTube over a Bitcoin-related scam. A similar scam made headlines recently with a mass Twitter attack. | Continue reading
It's amazing that money flow in a pandemic response could make such an incredible difference in the crypto currency market. | Continue reading
The great disruption of the novel coronavirus could do what nothing else has done, give Bitcoin the extra push to become accepted as a reserve currency. | Continue reading
What do you understand by cryptocurrency and the other internet buzzwords? Is crypto banking a traditional banking's competition or its ally? | Continue reading
The Blockchain shows what's happened to every coin from the moment it was mined to its current position. Cryptocurrency is still secure despite the hackers. | Continue reading
To Reconnect a Divided Country -- We Must Embrace Abundance and Reject Scarcity. Focusing on synergy means choosing abundance over scarcity. | Continue reading