The Cato Institute’s George Selgin recently quipped that economists who are neither gold bugs nor advocates of Modern Monetary Theory (MMT) are distinguished on Twitter by their relatively low follower numbers (himself included).  The joke, for which I owe a hat tip to Nathaniel Whittemore’s podcast interview with Selgin...
With traditional finance and crypto traders both enjoying market madness, CoinDesk’s Markets Daily is back with your latest crypto news roundup! Today's stories: Institutional exchange CME has become the third-largest bitcoin futures exchange by number of open contracts.  Crypto traders are enjoying their own version of the market’s madness, from bitcoin’s...
Both the U.S. and China are advancing on their central bank digital currency (CBDC) designs, there’s a new smart contract language for Bitcoin and the Department of Justice (DOJ) seized millions worth of crypto from addresses linked to terrorist organizations. You’re reading Blockchain Bites, the daily roundup of the most...
Grant Gulovsen is an Illinois-licensed attorney in private practice. The views expressed are his and are not intended to be legal advice. Last November, Commodity Futures Trading Commission Chairman Heath Tarbert stated that both his agency and the Securities and Exchange Commission were “thinking carefully” about Ethereum 2.0’s new...
Crypto payments startup Wyre is offering white-labeled savings accounts that dole out interest on crypto, the company announced Friday.  Wyre’s client list includes startups like crypto custody firm Casa, wallet provider BRD and traditional enterprises like banks. “Partners of Wyre are able to offer their users a crypto savings account...
As the coronavirus takes its devastating toll on the U.S. economy, financial pros are increasingly confounded by the markets.  The economy is in its worst shape since the early 20th century, and stocks are soaring. The U.S. government’s borrowing is expected to triple to a record $4.5 trillionthis fiscal year, yet 10-year Treasury yields are close to...
Institutional interest in bitcoin looks to be rising, as evidenced by a surge in futures open interest on the CME.
The $23 million purchase will see Marathon's bitcoin mining capacity increase drastically, turning it into one of the largest miners in North America.
The New York attorney released the funds without authorization and lost investment firm Benthos Master Fund $4.6 million intended for a bitcoin purchase deal.
The U.S. Federal Reserve is actively investigating distributed ledger technologies and how they might be used for digitizing the dollar. Federal Reserve Board Governor Lael Brainard said the U.S. central bank has been testing DLT over the past several years to study what a digital currency might do to...