• German finance minister pans libra name
    Libra,  Politics,  Regulation

    German finance minister pans Libra’s new name

    Olaf Scholz called the Facebook-founded stablecoin project ‘a wolf in sheep’s clothing” that threatens governments’ control over the economy

    “It is clear to me that Germany and Europe cannot and will not accept its entry into the market while the regulatory risks are not adequately addressed," Scholz said. “We must do everything possible to make sure the currency monopoly remains in the hands of states.”

  • BlackRock Rick Rieder Bitcoin replace gold
    Bitcoin

    BlackRock CIO Rick Rieder argues Bitcoin could replace gold

    The chief investment officer of the world’s largest asset management firm admits he cannot estimate Bitcoin’s value, but recognizes that it may be a better store of value than gold

    The chief investment officer at the world’s top asset manager, BlackRock, argued that Bitcoin may be a better store of value than gold. “It's hard to say whether it's worth the price it is trading at today. But do I think it is a durable mechanism that—do I think could replace gold to a large extent? Yeah I do, because it's so much more functional than passing a bar of gold around.”

  • Polymarket raises $4M
    Innovators,  Technology

    With $4M round, Polymarket predicts success

    Can Shayne Coplan’s prediction market turn bets into information? Investors like Olaf Carlson-Wee’s Polychain and Naval Ravikant are wagering yes

    Blockchain-based prediction markets like Polymarket allow people to bet on real world events—essentially making them put their money where their mouth is on questions ranging from who will win a presidential debate to whether Drake will release a new studio album this year. Broadly, the idea to use the free market to get better and more accurate information than is available through the tornado of misinformation and bias unleashed by social media.

  • Poloniex denier Justin Sun, CEO of Tron.
    Alt coins,  People

    Poloniex Boots DigiByte after founder’s Tron attack

    Calling someone you’re doing business with a ‘con man’ is a pretty good way to ensure you won’t do business with them again

    Cryptocurrency Exchange Poloniex is delisting DigiByte's DGB token after its CTO, Jared Tate, went on a Twitter rant. His target, Tron CEO Justin Sun, first denied and then admitted to being part-owner of Poloniex recently.