Monthly Archives: November 2021

Alabama Securities Regulator Shuts Down 97 Fraudulent Cryptocurrency Trading Websites

The securities regulator of the U.S. state of Alabama has issued a cease and desist order against Acoin Trading and 96 other cryptocurrency websites. The crypto investment schemes promise “excessive returns,” report “fictitious account values,” and impose “undisclosed fees.” US State Regulator Orders 97 Crypto Trading Websites to Shut Down Alabama Securities Commission announced Thursday that it has issued a cease and desist order against 97 cryptocurrency trading websites. The announcement states: The Alabama Securities Commission (ASC) issued a cease and desist order against Sir Philip Zuka […]

More info

Bitcoin Is How We Really Build A New Financial System

Iteration upon iteration of DeFi platforms simply exposes the necessity for the decentralized network of bitcoin to act as a base layer. Led by Ethereum, a new financial system based on blockchain technology is being built. As reality currently unveils, the foundation this new financial order is built on poses significant challenges. This is why a true new financial order built on Bitcoin is already underway. Ethereum is commonly referred to as the pinnacle of decentralized finance (DeFi). With more and more blockchains such as Solana, Cardano […]

More info

Decentralized exchanges aren’t ready for derivatives

DEXs conceivably hold great promise for the future of derivatives trading, but not at the cost of security, speed and availability for all. If the words “derivatives trading” conjures up images of men in suits with disheveled white sleeves rolled up to the elbows and exacerbated expressions on their faces — like something out of The Big Short — then the word decentralized exchanges (DEXs) must conjure up, well, nothing.  There are no offices, no floor traders waving papers and certainly no men in suits. DEXs are […]

More info

Opposed to Bitcoin Payments, Bank of Russia Says State Should Not Stimulate Spread of Cryptocurrencies

Cryptocurrencies are anonymous and the government shouldn’t encourage their spread, the head of Bank of Russia has insisted. The regulator remains firmly opposed to the legalization of bitcoin and the like as a means of payment in the Russian Federation. Bank of Russia Reiterates Negative Stance on Cryptocurrencies, Legalization of Bitcoin A “responsible state” should not stimulate the proliferation of cryptocurrencies, according to Elvira Nabiullina, chair of the Central Bank of Russia (CBR). The head of the monetary authority made the declaration in the lower house of […]

More info

‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power

Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for child care, groceries, gasoline, lumber, healthcare supplies, and used vehicles. On Friday, Harvard economist Kenneth Rogoff told the press U.S. inflation was “eye popping” and in terms of where inflation is headed, Rogoff stressed he thinks “we’re on a knife-edge.” Members of the US Central Bank […]

More info

VanEck’s Bitcoin spot ETF shunt solidifies SEC’s outlook on crypto

The SEC rejecting VanEck’s spot ETF started a price reversal for Bitcoin as the regulator’s outlook on cryptocurrencies is revealed further. Bitcoin (BTC) has been on an impressive price run since the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a new all-time high of over $69,000 on Nov. 10, as per data from TradingView.  However, the financial watchdogs soured the mood by rejecting VanEck’s proposal for a spot ETF on Nov. 12, which […]

More info

Seeing red? FUD that! Here’s what you should have bought instead of Bitcoin last week

Where Bitcoin leads, altcoins usually follow — but the smartest crypto traders manage to turn BTC dips into buying opportunities. We’ve argued many times in the past that the correlation between Bitcoin’s price and the market capitalization of hundreds of altcoins makes very little sense. Whether you buy into the idea that Bitcoin is digital gold, or a payment mechanism, or both, it doesn’t have a whole lot in common with Ethereum, Shiba Inu, or FTX’s native exchange token. Well, whether we like it or not, big […]

More info

10 Congress Members Ask Nancy Pelosi to Help Revise Crypto Provision in Infrastructure Law

Ten members of the U.S. House of Representatives have called on House Speaker Nancy Pelosi to address the problem with the crypto provision in the infrastructure law. They explained that the current definition of a broker in the law “would increase uncertainty in the cryptocurrency industry, pick winners and losers … all while eroding our country’s competitive edge against other countries in the digital asset marketplace.” 10 Lawmakers Urge House Speaker Pelosi to Address the Crypto Provision in Infrastructure Law Ten members of the U.S. House of […]

More info

Bitcoin Versus The People’s Ledger

In a comparison of bitcoin and the idealized financial system of Saule Omarova, we find a clear superiority in the real world use of bitcoin. Rumblings from the belly of the Washington beast are being heard in the bitcoin world. President Joe Biden has generated tremendous controversy by nominating Saule Omarova to head the Office of the Comptroller of the Currency (OCC). Brian Brooks showed in 2020 how the OCC can be a powerful force on the regulated side of bitcoin, so it’s worth understanding the dispute […]

More info

The three traits of Web 3.0 that fix what went wrong with today’s internet

Today’s internet is a far cry from its original intent as an open space, but Web 3.0 promises an open, transparent and creator-friendly future of the internet. Blockchain tech has come a long way. It wasn’t that long ago that crypto remained at the fringes, evangelized by a vocal minority. The narrative shifted once the COVID-19 pandemic pushed people into their homes with plenty of time to dive into new interests. Crypto benefited from the increased attention, entering everyday conversations among friends, family and colleagues. Even so, […]

More info
1 2 3