Blockchain

The top global standard setter for banking regulation -- The Basel Committee for Banking Supervision, a group of global central bankers and regulators -- proposed a strict new rule that would require banks to set aside a dollar in capital for every dollar of bitcoin or other crypto assets they own. Stablecoins (cryptocurrencies pegged to traditional assets) would be subject to lower capital requirements. Continue Reading →

The crypto markets got hammered over fears that the FBI had recovered the ransom Colonial Pipeline paid in bitcoin (true), and, therefore, all crypto can be easily hacked (false). The FUD is still rampant, and the depth and breath of misinformation and misunderstanding about the hackability of cryptocurrency is profound. Continue Reading →

Mike Novogratz has a good reason to believe that crypto is valuable. In March 2021, he revealed that cryptocurrencies made up nearly 85% ($4.8 billion) of his $5.65 billion net worth. But is crypto useful? Continue Reading →

The NFT marketplace peaked on May 3, when $102 million worth were sold in a single day. Crypto-collectibles accounted for $100 million of those sales, but according to data analyzed by Protos, just $19.4 million in NFT sales (including $9.2 million in crypto-collectibles) were processed in the past week: a near-90% collapse from the market's peak just one month ago. Continue Reading →

Cybersecurity firm NortonLifeLock will add a cryptocurrency mining feature to its Norton 360 platform. The test group of customers will be able to mine ether (ETH), the second most popular cryptocurrency after bitcoin (BTC). Continue Reading →

The moment comes when you realize there's real money in your crypto wallet and you start wondering about hackers and ransomware and all kinds of bad stuff. If you've set up a digital wallet, bought some crypto, and collected a few NFTs and you're starting to trade across a range of marketplaces and exchanges, you are starting to experience the exceptional financial freedom the world of DeFi has to offer. Of course, there's a catch… Now, you're also in charge of guarding the treasury. Continue Reading →

China's latest bitcoin ban is not a particularly new policy. The country banned bitcoin in 2013 and made ICOs illegal in 2017. This new warning is different because some of China's biggest bitcoin mining operations were immediately impacted. Continue Reading →

Just about everyone seems interested in getting into cryptocurrency. Is it too late? Shelly Palmer talks with Bianca Peters and Robert Moses about the technology, as well as his newest book: Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance. Continue Reading →

For crypto speculators, newbies, and "get rich quick" thrillseekers, last week was tough. The Chinese government re-signaled its displeasure with bitcoin and all things crypto, the IRS announced it is going to do what it can to tax every possible crypto transaction, and Elon tweeted, scaring the hell out of people who pay attention to him. Panic ensued. When it was over, Wednesday's crypto crash vaporized about $1 trillion of market value. The currency may be virtual, but for those who sold at a loss, the losses were real. And while it came back a bit after the crash, this rollercoaster ride is getting even more extreme. Which is why it is no surprise that so many well-respected businesspeople and financial experts chose this past week to declare that crypto is "valueless," or "nutso," or "dead." But think about this... Continue Reading →

The U.S. Treasury is wasting no time trying to get control of crypto transactions and the world of decentralized finance (DeFi). Its new report, The American Families Plan Tax Compliance Agenda, shows just how serious the IRS is about the threat to its bottom line. Continue Reading →