• USDC passes $1 billion
    Alt coins

    Circle, Coinbase say USD Coin passes $1B

    The market cap milestone makes the USDC stablecoin a contender in a ring dominated by Tether

    Working together as the Centre Consortium, the firms claimed in a blog post that USDC reached that milestone quicker than any other digital dollar stablecoin. Most of that increase came on June 22, when the supply jumped from about $731 million to $920 million—rising by about one-third.

  • Crypto must-reads
    Cryptocurrencies,  Politics

    Crypto Must-Reads for June 30, 2020

    These are the crypto stories you should be following today: Senate told lead or follow on digital dollar; alt-coin market manipulation still strong; BoA says crypto equals cash; U.S. soccer stars tokenized

    Digital Dollar Project head Christopher Giancarlo tells the Senate that the U.S. must lead or follow on central bank digital currencies; crypto volume pumper’s manipulation business is still going strong; Bank of America okays crypto purchases with credit cards, but calls them cash advances; all U.S. Soccer players have been tokenized on a blockchain

  • Craig Wright’s wife knows nothing Bitcoin
    Bitcoin,  People

    Craig Wright’s wife knows nothing about how Bitcoin works

    Or is a BTC private encryption key like a Mercedes key, in that a mechanic can cut you a new one if you get locked out

    Craig Wright’s wife, Ramona Watts, knows nothing about how Bitcoin works.  Considering that her husband claims to be Satoshi Nakamoto, the pseudonymous author of the Bitcoin whitepaper, you’d think she might be aware that a Bitcoin private encryption key is not like a Mercedes key. At least Ira Kleiman was honest (or self-aware) enough to tell the court that he does “not really” know much about how Bitcoin works. Ira is suing Wright for half of a $10 billion cache of bitcoins mined by Nakamoto in the early days of Bitcoin. Here’s a beauty from her March 19, 2020 deposition, which was unsealed on June 27.  In it, Ramona Watts was asked by…

  • Crypto Must-Reads
    Cryptocurrencies,  Politics,  Regulation

    Crypto Must-Reads for June 26, 2020

    These Are the Crypto Stories You Should Be Following: Bitcoin ends a week-long bear run; China places $14,000 limit on “anonymous” digital yuan transactions; two analyses show bitcoin heading for a big bull market

    Sunday ended a bad week for bitcoin, with a dip below $9,000 kept to a brief flirtation—investors hope. But there’s plenty of optimism to go around, as two models predict big bitcoin price increases coming—possibly mirroring or surpassing the 2017 bubble’s $20,000 mark. And China surprised absolutely no one by announcing that it will be tracking large(ish) digital yuan transactions by default.