Industry execs discussed crypto policy with White House officials: Report

The billionaire industrialist has an estimated net worth of $221 billion and owns Tesla, SpaceX, xAI, and the X social media platform.

Microstrategy CEO Michael Saylor said he will hold his company’s Bitcoin (BTC) for 100 years, and has no intention of selling it. On Aug 11, the business intelligence firm announced it had purchase of 21,454 BTC for $250 million. This investment is now worth more than $278 million, representing an 11% increase in two months. The…

Speaking before Congress, OCC head Brian Brooks describes the importance of digital asset innovation and the private sector. 1245 Total views 13 Total shares Amid a global race toward central bank digital currencies, or CBDCs, the United States needs to focus on the private sector, says Acting Comptroller of the Currency Brian Brooks. "We have built…

A panel of senior financial regulators in the United States has warned the public about the purported risks of stablecoins and cryptocurrencies. A report issued on Dec. 4 by the Financial Stability Oversight Council (FSOC) highlighted potential problems resulting from stablecoins gaining wider recognition.The FSOC was set up in 2008 to combat risks to the financial…

The man who claims to have written the Bitcoin whitepaper has been accused of committing plagiarism again, this time in his doctoral thesis.PaintedFrog, the pseudonymous writer who previously accused Dr. Craig Wright of plagiarizing his 2008 law degree dissertation for Northumbria University, has posted his analysis of Wright’s 2017 PhD thesis from Charles Sturt University…

Cryptocurrency institutional investors overwhelmingly keep their wealth on exchanges despite the inherent security risks, new data claims. Compiled by cryptocurrency exchange Binance on Nov. 22, a survey asked 76 institutional investors who used its platform about their trading habits. Exchange storage “most popular choice”The survey was part of Binance’s Institutional Market Insights research, which is now in…

There’s a special bond between mothers and their sons. For pseudonymous Alan, a 28-year-old engineer, a Bitcoin (BTC) loan helped his mom to buy a house.Alan told Cointelegraph that he took out a Bitcoin-backed loan in 2021 — serendipitously on his sister’s birthday — to gift his mom the tax-free money. She then used the…