White House Takes Aim at Crypto in Scathing Economic Report
“It has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mechanisms for the distribution of intellectual property and financial value that bypass intermediaries that extract value from both the provider and recipient. Looking under the hood at these arguments, however, shows a more complicated picture. So far, crypto assets have brought none of these benefits,” the report said.
Related Posts
‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa
Sep 11, 2020 at 19:00 UTC‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi CostaThe Crescat Capital portfolio manager gives his take on the flashing macro warning signals and why it is an explosive moment for gold, silver and (potentially) bitcoin. For more episodes and free early access before our regular 3 p.m.…
U.S. House Passes Crypto Illicit Finance Bill That’s Likely to be Rebuffed in Senate
A narrow bill to create a U.S. working group to dig into crypto use in terrorism and money laundering passed the U.S. House of Representatives in a routine vote. The legislation isn't likely to get any further without a Senate counterpart, but it marks another congressional approval of a crypto measure. While Congress considered this
Investors Look to Gold, Crypto After Fed Goes on QE Buying Spree
Mar 23, 2020 at 21:01 UTCUpdated Mar 23, 2020 at 21:03 UTCGold is up Monday and so are most cryptocurrencies, seemingly buoyed by the U.S. Federal Reserve's drastic quantitative easing action to thwart the coronavirus’ effects on markets and the economy. Bitcoin (BTC) is up 7 percent as of 20:30 UTC. Over the past 24…
Filecoin: Understanding the Complex Crypto System Meant to Rival AWS
Filecoin: Understanding the Complex Crypto System Meant to Rival AWSFilecoin might be the most complex thing the blockchain industry has ever brought to market. The Web 3.0 data-storage project, funded by a $257 million initial coin offering that closed in September 2017, has been building out its technology ever since. While Filecoin has been quieter…
Cultivating Diversity, Inclusion and Humanity in the Crypto Community
The crypto community is an incredible one – composed of some of the most genius, disruptive, category-creating technologists, innovators, and evangelists in the world. I feel honored to work alongside some of these gifted founders and investors as they work (as we say at CoinFund) to build the new internet. But despite how promising our
Coinbase Eyes European Growth After Winning Irish E-Money License
news Cryptocurrency exchange Coinbase has been granted an e-money license by the Central Bank of Ireland. Writing in a company blog Saturday, Coinbase UK CEO Zeeshan Feroz said the exchange is one of the very first firms to receive the license from the central bank, following a Dublin office opening a year ago. The license…
First Mover Americas: BTC Slides as U.S. Government-Linked Selling Pressure Looms
This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices (CoinDesk) Top Stories Bitcoin has inched toward $66,000, paring all gains from last week, with sentiment dented as a significant amount of the
Bitfinex Can Stop Turning Over Documents to NYAG, Appeals Court Rules
news Bitfinex does not need to continue turning over documents to the New York Attorney General’s office (OAG) – at least, for now. According to a court order dated Tuesday, the Appellate Division of the Supreme Court has stayed a previous ruling by New York Supreme Court Judge Joel Cohen. Cohen ruled in August that Tether…