Why is the U.S. dragging its heels on crypto and blockchain regulation, as the rest of the world forges ahead with financial innovation? Powers On… is a new monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an Adjunct Professor at Florida International University School of Law, where he teaches a course on ‘Blockchain, Crypto and Regulatory Considerations.’ Dear Readers: Here is my first […]

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The price of GME has fallen almost 90% since lawmakers first called for a hearing. Executives from companies involved in the recent controversy between hedge funds and retail investors from Reddit may be testifying at a House Financial Services Committee hearing next week. According to a Reuters report, two people familiar with the matter said executives from trading app Robinhood, investment manager Melvin Capital, and hedge fund Citadel are expected to testify in a congressional hearing scheduled for Feb. 18. Bloomberg reported that Citadel founder Ken Griffin […]

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Ether is stagnating against Bitcoin despite BTC’s strong rally after BNY Mellon embraces digital assets. The price of Ether (ETH), the native cryptocurrency of Ethereum, has been stagnating against Bitcoin in recent days after a strong few weeks against BTC. In the past few weeks, ETH and BTC have shown some inverse correlation as ETH rallied strongly when BTC consolidated, and vice versa. ETH/BTC 15-minute price chart (Binance). Source: TradingView.com So why is ETH struggling at the moment? In the last several hours, Bitcoin has seen a […]

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NFTs are a hot topic at this year’s virtual ETH Denver, with adoption and DeFi use cases dominating the talks At ETH Denver’s virtual conference, non-fungible tokens have been in the limelight with seven mainstage presentations devoted to utility, adoption, and novel use cases — a sign of growing acceptance for what was once considered a niche or lesser application of blockchain tech. While the seven presentations have been dwarfed by decentralized finance’s 14 (not to mention a dedicated four-hour summit), the stage time comes on the […]

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The Adyen CEO expressed concern about Bitcoin’s volatility in regards to a payment method, while Uber “quickly dismissed” discussions about purchasing the crypto asset. Chief executive officers at e-commerce firm Adyen and ridesharing and delivery app Uber are not following in Tesla’s Bitcoin footsteps just yet, but for different reasons. In an interview with CNBC’s Squawk Box today, Uber CEO Dara Khosrowshahi said conversations about Bitcoin (BTC) as an investment for the tech firm have been “quickly dismissed.” Khosrowshahi was responding to a question as to whether […]

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Privacy is still one of the most important features of cryptocurrencies for traders according to data. To better understand user behavior and sentiment regarding transactions and privacy on the blockchain, Manta Network ran a survey in December 2020 studying user trust regarding privacy on the blockchain, as well as centralized and decentralized exchanges.  The 2021 Privacy & Trust on Cryptocurrency Exchanges report examines the drivers behind user trust and activity surrounding blockchain transactions and exchanges. Download the full report here. The 404 participants in the survey all […]

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