• Bitcoin,  Regulation

    U.S. will ‘squash’ Bitcoin during crisis: ‘The Big Short’ investor Burry

    Forecasting an inflationary crisis, the investor who called the 2008 mortgage crisis predicts governments won’t put up with currency competition in bad times

    “I don’t hate $BTC," Burry said on Twitter. "However, in my view, the long term future is tenuous for decentralized crypto in a world of legally violent, heartless centralized governments with #lifeblood interests in monopolies on currencies."

  • robinhood profited dogecoin gamestop
    Alt coins,  Regulation

    Robinhood probably profited from traders ‘protesting with Dogecoin’

    The exchange apparently became the world’s top Dogecoin holder thanks to its users investing in the coin

    When Robinhood temporarily barred its retail customers from buying GameStop stocks, purportedly as a reaction to reddit’s r/WallStreetBets community buying it in an attempt to squeeze out the major hedge funds shorting the video game retailer’s stock, many decided that they would protest by buying Dogecoin instead. However, the plan may have backfired in a big way, according to blockchain analytics firm Elliptic’s chief scientist and co-founder, Tom Robinson.

  • New York Digital Investment Group seeks Bitcoin ETF
    Bitcoin,  Regulation

    New York Digital Investment Group seeks Bitcoin ETF approval

    The Bitcoin-focused firm’s filing, which includes a partnership with Morgan Stanley, comes as Canada approved two Bitcoin ETFs in a week

    NYDIG’s U.S. application with the SEC joins others by investment firm VanEck, which filed on Dec. 30, and the Feb. 5 filing by bitcoin fund manager Valkyrie Digital Assets. The three U.S. applications are just the latest step in a years-long and so far useless battle by bitcoin proponents to launch an ETF in the U.S. But with anti-bitcoin SEC Chairman Jay Clayton replaced by a new, crypto-knowledgeable acting SEC chairman in Gary Gensler, many believe that is about to change.

  • Ripple settle SEC lawsuit
    Regulation,  Ripple,  XRP

    Ripple angling to settle SEC lawsuit?

    Charged with selling XRP as an illegally unregistered security, the international payments firm has been pugnacious but said it was open to settling in a filing released Monday

    Previous discussions took place under former SEC chair Jay Cayton and his top lieutenants, whereas the new acting SEC chairman, Gary Gensler, has a more positive outlook, as well as a much deeper understanding of cryptocurrencies and the underlying blockchain technology. Gensler spent the last few years teaching cryptocurrency and blockchain at MIT, and has been a fixture at industry events.