• Gary Gensler to head SEC
    Bitcoin,  Regulation,  Ripple

    MIT blockchain prof Gary Gensler to head SEC: Report

    Citing two sources, Reuters is claiming that the Biden administration intends to appoint the former CFTC commissioner to head the Securities and Exchange Commission

    An SEC chairman who understands and appreciates the potential of blockchain and cryptocurrencies would likely be a huge improvement over the recently departed SEC chairman Jay Clayton, who has been a staunch opponent of allowing bitcoin exchange traded funds, often citing rampant market manipulation.

  • Bitwise $500M
    Bitcoin,  Cryptocurrencies

    Bitwise crosses $500M in assets under management

    The crypto index fund provider and asset manager’s assets increased fivefold since the end of October

    “The speed at which professional investors are moving into crypto right now is remarkable,” said Bitwise co-founder and CEO Hunter Horsley, noting that a growing number of institutional investors are increasingly convinced that it has a place in mainstream portfolios.

  • SEC chairman Roisman
    Cryptocurrencies,  Regulation

    The SEC gets a new chairman… for now

    While it comes at a critical time, the appointment of crypto-friendly Commissioner Elad Roisman to replace Chairman Jay Clayton at the Securities and Exchange Commission will likely last no more than a month or two

    That means Roisman is unlikely to make any big, precedent-setting decisions, like approving a Bitcoin exchange traded fund (ETF). Clayton was a strong opponent of crypto ETFs, arguing that price manipulation and fraud remains rampant.

  • PayPal stock record buy more BTC mined
    Bitcoin

    As customers buy more BTC than miners create, PayPal’s stock hits record high

    Barely a month after the payments giant allowed U.S. customers to start buy bitcoin from their accounts, demand is outstripping the supply of new bitcoins

    PayPal only began allowing U.S. customers to buy, sell, and hold bitcoin, ether, litecoin and bitcoin cash on Nov. 12. In 2021, it will expand that service to its whole 350 million strong international customer base, president and CEO Dan Schulman said. That will vastly expanding the number of potential mainstream retail investors.