For the past several days, Bitcoin/self-promoters have been touting the cryptocurrency as a safe haven from uncertainty in the markets. In other words, they are letting fantasy get in the way of reality.
North Korea funded its nuclear weapons research by looting cryptocurrency exchanges of $2 billion, according to a confidential UN report.
Roger Ver gave me three big announcements as an exclusive to Modern Consensus. First, he is breaking news with us about his investment in the mobile crypto wallet and non-custodial exchange Evercoin. Second, he told me he just submitted Bitcoin.com’s application to join the Facebook-led Libra Association. And third, he shared details about the addition of Stefan Rust as Bitcoin.com’s CEO.
Treasury Secretary Steven Mnuchin called cryptocurrencies a “national security issue” that threatens to enable drug dealers, human traffickers, and terrorists during a press conference Monday.