Financial professionals see a bright future for cryptocurrencies, yet the vast majority say legal and regulatory concerns are causing their clients are keeping their distance, according to a new study.
In the latest act of the Craig Wright Follies, the self-proclaimed Satoshi is claiming poverty. Okay, maybe not poverty, exactly, but he has apparently backed out of a settlement deal to resolve the $10 billion lawsuit by the estate of his late partner, Dave Kleiman. According to Kleiman’s quite angry lawyers, he now says he can’t afford it.
Like 1960s campus radicals, Bitcoin maximalists are enthusiastically praising the wisdom of a leader of Communist China. That’s because President Xi Jinping called for his country to “take the leading position in the emerging field of blockchain.”
What’s the difference between the global financial markets and New York City’s sewer system? One is a filthy, chaotic mess of human waste unable to handle even the slightest increase in use without making everything stink while the other one is run by the New York City Department of Environmental Protection.