France’s economy and finance minister has put the first real spoke in the wheels of Facebook’s Libra cryptocurrency project, promising to block its use in the European Union.
Facebook is so powerful it can even make President Donald Trump agree with Rep. Maxine Waters, the liberal House Democrat from California’s 43rd district, near Los Angeles.
When it comes to getting a bank account, cryptocurrency and blockchain firms are being treated like marijuana sellers. That may not be a bad thing.
Bitcoin’s white paper came out a decade ago this week, and perhaps a positive sign of its success is this week’s big, dire headline: “Bitcoin emissions alone could push global warming above 2°C.” However, there’s a problem (or, perhaps, not really a problem): the paper was written with the assumption that the Bitcoin bulls and HODL bros are right. Reality may say otherwise, to the benefit of the global environment. Written by seven academics at the University of Hawai‘i and published by Nature, the piece used a significant part of Alex de Vries’ work on his site, Digiconomist. De Vries has been sounding the alarm regarding Bitcoin’s threat to the…