The Banking Crisis Has Been Good for Stablecoin Experimentation
If you balk at the idea of a crypto-based tool like stablecoins essentially functioning like a “proxy” central bank digital currency (CBDC), as host Ryan Sean Adams suggested, making Allaire smile, then you’re likely not alone. Stablecoins may be the bridge between crypto and the real economy, but they should also retain some of the aspects that make crypto crypto, beyond 24-hour access and a different transaction settlement mechanism. Censorship resistance is all but impossible if crypto nuzzles close to the banking system.
Related Posts
Jump’s Kariya, Who Went From Intern to Crypto Leader, Is Leaving Trading Giant
Kanav Kariya, who ascended from intern to the head of cryptocurrencies at Chicago-based trading heavyweight Jump Trading by the age of 25, has left the company.The news follows a Fortune report last week that the U.S. Commodity Futures Trading Commission is investigating the company's crypto dealings.00:46Meme Coin Liquidity Hits Record High16:42How Ledger Stax Plans to
Legendary Investor Stan Druckenmiller Turns Bitcoin Bull
Nov 10, 2020 at 8:00 p.m. UTC(Drew Angerer/Getty Images News, modified by CoinDesk)Legendary Investor Stan Druckenmiller Turns Bitcoin BullThe billionaire investor made his pro-bitcoin comments on an appearance on CNBC.For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or…
Crypto-Fan Deaton Gets Chance to Battle Elizabeth Warren for U.S. Senate
A prominent lawyer in crypto legal circles, John Deaton, has won the Republican nomination in the Massachusetts Senate race, and he'll now face Sen. Elizabeth Warren. Sen. Warren, who is arguably the most influential crypto critic in Congress, has a massive money advantage and has beaten past Republican challengers easily. The hope of crypto enthusiasts
Mall of America to Showcase Winklevoss-Backed Crypto Payments
news Cryptocurrency is coming to the Mall of America. Flexa, a startup making it easier to use crypto for purchases in the real world, will be an advisory participant in a new demonstration store at America’s largest mall, which is located outside Minneapolis, Minn. The store, meant to showcase new brands and technologies for enhancing the retail…
Craig Wright’s Counsel Rebuts Forgery Evidence in Ongoing Lawsuit
news Craig Wright’s ongoing contempt hearing failed to reach a sanctions verdict on August 5. As part of a $10 billion lawsuit brought by Ira Kleiman, brother of Wright’s former business partner Dave Kleiman, Wright previously failed to disclose a complete list of his bitcoin holdings acquired prior to Dec. 31, 2013. Judge Bruce Reinhart…
Bitcoin Mining’s New Bidding War
feature The Takeaway As bitcoin’s price edges up, secondhand mining equipment is becoming more profitable to run As a result, the price of used miners has nearly doubled in recent weeks, to $250-$320 for old Bitmain Antminers Somewhere between 220,000 and 700,000 mining units could come online this summer Newer, more powerful models won’t be…
Craig Wright’s Fight With a Cartoon Bitcoin Astronaut Cat Explained
feature There’s a legal conflict brewing between outspoken members of the bitcoin community and the controversial computer scientist who claims to be the cryptocurrency’s creator. It’s a complex story to untangle, but it boils down to Australian computer scientist Craig S. Wright – who has claimed to be bitcoin’s pseudonymous creator since 2016 – sending…
Immutable Calls: AP Election 2020 Results Will Be Recorded on Everipedia’s Blockchain
Oct 15, 2020 at 15:00 UTCUpdated Oct 15, 2020 at 15:24 UTCThe Associated Press will call some 7,000 races in the 2020 elections. Everipedia will record these calls on its network.(Alterego/Wikimedia Commons)Immutable Calls: AP Election 2020 Results Will Be Recorded on Everipedia’s BlockchainThe Associated Press’s (AP) 2020 election results will be recorded on Everipedia’s blockchain…