Over the last 12 years, $1 trillion of value has appreciated into existence. It may be a little more or a little less tomorrow, give a few $100 billion. It may one day reach $10 trillion or $100 trillion or stay at $1 trillion forever. It may even...
Over the last few weeks, the U.S. Financial Crimes Enforcement Network, or FinCEN, has been inundated with 7,477 angry comments about a rule change that it proposed just before Christmas. “Impressive ineptitude” says one anonymous commenter, while another writes “touch bitcoin and you will feel the wrath u...
As the price crashes more than 20% in 24 hours, NLW describes the “wall of worry” around regulation that might characterize this cycle’s FUD.This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.Today on the brief:Trump ejected from social media Bakkt confirms plans to go...
The recent euphoria in cryptocurrencies morphed into a severe sell-off, as bitcoin prices dove 12% on Monday, which would be the most for a single calendar day since March.Prices for the largest cryptocurrency had soared last week to an all-time high of $41,962, and that level was apparently sufficient...
I won’t do that again. Money Reimagined goes on break for three weeks, and what happens? Bitcoin soars 82%. More than 54,000 Americans die of COVID-19. And, oh yeah, an insurrection happens in Washington, D.C.On the second, the numbers speak for themselves: a heartbreaking failure of human organization. On...
The National Bank of Kyrgyzstan has published draft legislation that would legally define cryptocurrency and how it may be used in the Central Asian nation. With the proposed legislation, the central bank is following the call of the Financial Action Task Force (FATF) to regulate cryptocurrencies and prevent...
The Financial Crime Enforcement Network (FinCEN), a unit of the U.S. Treasury Department wants crypto exchanges to collect a lot more data about individuals transferring more than $3,000 in cryptocurrencies into private wallets. The crypto industry isn’t having it.As the public comment period for the controversial rule comes...
The institutions are coming. The herd is arriving. Institutional participation in the digital asset market is imminent. As this happens, it’s worth considering how the entry of highly regulated financial companies will change the marketplace infrastructure for crypto, which, until now, has been largely oriented to retail investors. Institutions...
The Oasis Protocol, a public blockchain with an eye on creating a more private and scalable version of decentralized finance (DeFi), has partnered with the compliance-focused Shyft Network.Announced Thursday, the partnership will deliver anti-money laundering (AML) strictures by leveraging elements of Shyft’s identity system and whitelisting of items/IP...
Good afternoon, readers: Bitcoin hit a fresh all-time high above $35,000 while former Bakkt CEO Kelly Loeffler lost her U.S. Senate seat. Meanwhile, a major Ripple investor filed suit against the fintech and Shapeshift is converting to a decentralized exchange.Top shelfRat poison?Echoing Warren Buffett’s infamous line that bitcoin...