• Asia & Australia,  Bitcoin,  Cryptocurrencies,  Ethereum,  Media,  Politics,  Regulation,  Ripple,  United States,  XRP

    Media finally notices that Bitcoin and Ethereum are actually VERY centralized

    US regulators awakening to reality of China’s total mining dominance

    The issue of how to classify and regulate cryptocurrency and blockchain technology is one that has stumped decision makers in Washington. This is unsurprising, given that offices in the Department of Defense were still using 8-inch floppy disks as recently as 2016. But while regulators in DC wring their hands over who has jurisdiction and whether certain coins are securities or not, many crypto observers fear that China, able to move with the speed and certainty of a dictatorship, is emerging as the gatekeeper of crypto. And that dominance is finally starting to rouse Beltway regulators who fear surrendering America’s digital future. Though China has a ban on trading digital…

  • news
    Alt coins,  Asia & Australia,  Bitcoin,  Europe,  Latin America,  Media,  Politics

    Must-reads for August 23, 2018

    Here are the crypto stories you should be watching today

    SEC rejects bitcoin ETFs (CNBC) Crypto bros are used to getting a lot of rejections, especially on Tinder. Now it’s the Securities and Exchange Commission turn, rejecting seven bitcoin-based exchange-traded fund. Bitcoin prices remain above $6,000, perhaps because it was mostly priced in. Obviously, everyone read the Modern Consensus piece about why the SEC shouldn’t approve such ETFs in the first place. A cryptocurrency is making huge inroads in Venezuela as inflation runs wild — and it’s not bitcoin or the petro (Business Insider) Spoiler alert: The cryptocurrency they’re talking about is Dash. Hey, maybe one of the upsides to a regime marked by terror, failed financial planning, corruption, persecution…

  • news
    Africa,  Alt coins,  Bitcoin,  Media,  Politics

    Must-reads for August 21, 2018

    Here are the crypto stories you should be watching today

    Stop worrying about how much energy bitcoin uses (The Conversation) The title of this piece is misleading but that’s the product of editors trying to game social media by getting people to share stories since few people actually read the whole article. University of Pittsburgh researcher Katrina Kelly-Pitou argues, “Rather than discussing the energy consumption of bitcoin generally, people should be discussing the carbon production of bitcoin, and understanding whether certain mining towns are adding to an already large environmental burden.”   ‘Bitcoin Jesus’ Is Having a Hard Time Winning Over True Believers (Bloomberg) Usage of cryptocurrencies as payments has slumped in the past several months. Transactions involving Bitcoin Cash,…

  • SEC
    Bitcoin,  Ethereum,  Politics,  United States

    Timing of Coinbase move to add Ethereum Classic raises eyebrows

    Token joins coveted shortlist but causes some to wonder about a heads up from SEC

    Holders of Ethereum’s ether token () breathed a sigh of relief last Thursday when William Hinman, the SEC’s director of corporate finance, announced at a Yahoo Finance summit that ether is not a security. Many were not just heartened by the development but surprised, since the currency had clearly been released as a way to fund operations, which those following the developing regulatory picture consider a warning sign. But at least one party with a lot riding on Ethereum’s success doesn’t seem to have been caught off guard. Coinbase, the largest U.S. exchange, appears to have been anticipating the move, leading some industry insiders to wonder just how closely the…