Cartoon: Distorting Mirrors
To many on the outside, the blockchain industry and speculative crypto markets are one and the same, which often leads to misunderstandings. For the two entities that regulate the market, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the result is that they tend to either look at the whole industry as an “unregulated mess” or view it with concerns about fraud or “operational risk.” Ultimately, regulators view the blockchain industry through distorting mirrors.
This article originally appeared on Bitcoin Magazine.
Related Posts
There Is Potential For More Capitulation From Bitcoin Miners
More announcements from public bitcoin miners on potential capitulation. Debt needs to be paid and cash is tight due to high hash rate and a low bitcoin price. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights…
Binance And Mastercard To Launch Bitcoin Rewards Card In Argentina
Users of Binance card can earn up to 8% cashback on purchases and bill payments through Mastercard’s vast network of over 90 million merchants worldwide.Binance is launching a bitcoin rewards card in Argentina.The company is partnering with Mastercard and Credential Payments to provide market access and issue the card.Users will enjoy 8% cashback on purchases…
With Bitcoin, Open-Source Money Is Enhancing Open-Source Code
Bitcoin, an open-source monetary system, can supercharge open-source development projects and vice versa.The below is a direct excerpt of Marty's Bent Issue #1160: "Open source money enhancing open source code." Sign up for the newsletter here. via Ten31 via Ten31 Here's a great piece from Grant Gilliam, someone I am proud to call a friend…
Gemini Trust Buys $4 Million In Carbon Credits To Offset Bitcoin Holdings
Bitcoin exchange Gemini Trust purchased $4 million in carbon credits to offset its BTC holdings and broaden appeal to investors.Bitcoin exchange Gemini Trust, run by the Winklevoss brothers Cameron and Tyler, has purchased around $4 million in carbon credits to help offset the alleged carbon emissions footprint of its bitcoin held in custody, reported Bloomberg.“We…
Exploiting The Lightning Bug Was The Ethical Choice
By publicly exploiting a bug on Lightning that could have put users’ funds at risk, the developer was acting in the best interests of Bitcoin node runners.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.For the second time in roughly a month, btcd/LND have had…
As Your Other Assets Inflate, Bitcoin Can Protect Your Savings
The basic supply and demand dynamics of the bitcoin monetary network mean that it serves as a solution for ongoing monetary inflation.The below is from the latest monthly report by the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to…
The Weaponization Of Money And Financial Rails Must End
As Bitcoin removes their means of creating money out of nothing, nation states will cease to be sovereigns in this crucial area of life.For decades, people all over the world have seen money weaponized in the constant, pointless, deadly and unethical geopolitical games played by a handful of sociopathic “leaders” who believe the world is…
Because Bitcoin Is A Necessity, Its Economy Will Be Circular
Bitcoin is the perfect money in that it embodies all of the properties and functions of money — as a store of value (SoV), medium of exchange (MoE) and unit of account (UoA) — and does so in a way that any person or participant, from anywhere in the world can: Save without having their…