• What do we think of this thing? (via Pixabay)
    Bitcoin

    Chainalysis: Financial professionals love, fear Bitcoin

    Half of the bankers and financial professionals surveyed believe Bitcoin will beat the S&P 500 in 2020, but compliance concerns are keeping them away

    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.

  • Craig Wright: I'm just smarter than you, your honor.
    Bitcoin

    Craig Wright unable to produce $5 billion to settle Bitcoin lawsuit

    The self-proclaimed Satoshi Nakamoto broke off settlement talks with the estate of his late partner, who wants half of a 1.1 million bitcoin cache bitcoin’s creator should own

    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.

  • President Xi Jinping of China, speaking to G20 summit in Hamburg on July 7, 2017 (via Wiki commons).
    Asia & Australia,  Bitcoin

    No, China’s President Xi Jinping didn’t cause a Bitcoin rally

    Pundits and maximalists are just trying to see what they want to see

    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.”

  • Chad Cascarilla, CEO & co-founder of Paxos, being interviewed by Mark Yusko, CEO & chief investment officer of Morgan Creek Capital Management for RealVision on October 8, 2019 (screenshot).
    Bitcoin

    Financial markets similar to NYC sewers: Paxos CEO

    ‘How do you take the $600 trillion of assets, change essentially where they sit so that they can be moved around instantaneously by a much wider variety of people.’

    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.