Tag Archives: crypto

As regulators in the U.S. and abroad consider ramping up oversight of digital assets, Congressman Ro Khanna, who represents Silicon Valley, pointed out the benefits of cryptocurrency in a recent interview with Yahoo Finance (video above). “It’s a huge tool,” he said. “I mean, what is cryptocurrency? At its core, it’s a technology that allows decentralization, it takes away a need for a third-party. You have a ledger, basically an accounting book that’s public, so you don’t need… Source link

Jordan Belfort attends the premiere party for “The Wolf of Wall Street” at the Roseland Ballroom in New York.Evan Agostini/Invision/AP Jordan Belfort, the real-life “Wolf of Wall Street,” is now marketing himself as a crypto mastermind. Last week, he hosted a $40,000 cryptocurrency workshop at his Miami estate, NYT reported Friday. Three years ago, the former stockbroker and convicted felon said Bitcoin was a “mass delusion.” Jordan Belfort, the real-life inspiration behind “The Wolf of Wall… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, April 6, 2022 If you buy an advertisement during the Super Bowl, you will get millions of eyeballs. But some of those eyeballs will likely belong to federal regulators. Which brings us to Securities and Exchange Commission Chair Gary Gensler on Monday (yes, two months later), responding to the flurry of crypto ads from this year’s… Source link

(Bloomberg Markets) — The Economic Club of New York has hosted kings, prime ministers, and presidents, as well as Amazon.com Inc.’s Jeff Bezos and JPMorgan Chase & Co.’s Jamie Dimon. Central bankers’ comments at the 115-year-old organization have moved markets. Sam Bankman-Fried, a 30-year-old cryptocurrency billionaire, is probably the first person to play a computer game while giving a talk. Most Read from Bloomberg As the featured guest one morning in February, Bankman-Fried looks… Source link

Adrian Grenier is bullish on crypto. The “Entourage” actor, who previously said he expects Bitcoin (BTC_USD) to replace fiat currencies like the U.S. dollar, told Yahoo Finance that crypto can “fix a lot of the systems that are broken currently, and are quite wasteful across all industries.” Grenier, a UN Environment Goodwill Ambassador, defended operations like bitcoin mining, which critics say hurts the environment due to its sizable energy draw. “[There’s] a trade off for all things,”… Source link

If you feel swept up in all the hype surrounding Ethereum’s impending upgrade, you aren’t alone. Google searches for “Ethereum merge” have seen an uptick over the past 12 months, recently hitting a peak. Along with all the interest, Ether’s price has seen a boost as well. It hit a two-and-a-half month high this morning when it neared $3,350. It’s currently trading at around $3,406, up 6% in the last 24 hours, and almost 19% in the last week. Why all the hype? Investors might be… Source link

Staring at his computer screen, Blaine couldn’t help but start sweating. The $50,000 in cryptocurrency he once had in his account was now worthless. Months from getting his law school degree, Blaine, 25, had invested all the money that he had made from trading NFTs over the past year in the hopes of putting it toward starting a life with his fiancé. He had put $50,000 of a stablecoin, USD Coin (USDC), into a liquidity pool of assets for stablecoins USDC and Cashio nine days prior, but when… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 10, 2022 Plaudits for Biden on crypto order, but challenges loom The pistol for cryptocurrency regulation has officially been fired — and the crypto world is ready and raring to go. On Wednesday, the Biden administration issued its hotly-anticipated executive order that directs the federal government (with the advice and consent… Source link

The Biden administration on Wednesday issued a long-awaited executive order to comprehensively study cryptocurrencies, effectively firing the starting pistol for Congress and other federal agencies to begin crafting oversight of digital tokens. The blueprint, arriving at a time when markets are being roiled by the conflict between Russia and Ukraine, which has spilled over into crypto, was mostly hailed by industry players who have been nervous about the government’s moves to create a… Source link

President Joe Biden on Wednesday will officially sign an executive order directing agencies to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide approach to regulating digital assets. The long-awaited order lays out a national policy for digital assets across priorities, including, consumer and investor protection, financial stability, illicit finance, maintaining U.S. leadership in the global financial system and financial inclusion. The… Source link