Cryptocurrency

This is a tale of two letters addressed to Michael S. Regan, administrator of the Environmental Protection Agency. Continue Reading →

Elon Musk has an option to purchase Twitter for $44 billion. For argument's sake, let's say Twitter has 300 million monthly active users (MAU). If so, he is paying approximately $147 per MAU. Telegram, on the other hand, has approximately 550 million MAUs. Using the same math, Telegram should be worth approximately $80 billion, but Twitter and Telegram are apples and oranges. Twitter is a publicly traded company with a traditional corporate form. Telegram is something completely different. Continue Reading →

Fidelity Investments, the largest retirement plan provider in the United States, plans to allow investors to allocate up to 20% of their 401(k) accounts to bitcoin. It's the first major retirement-plan provider to do so. Continue Reading →

Online payments processor Stripe will allow businesses – beginning with Twitter – to start paying customers in USDC, a stablecoin whose value is tied to the U.S. dollar. Continue Reading →

Miami is fighting to be America's crypto capital. Wyoming is doing its best to become America's most crypto-friendly economy. Portugal is at a whole other level. Continue Reading →

Axie Infinity announced the global early access release of its free-to-play game Axie Infinity: Origin. The launch of the entry-level game comes a week after Axie's Ronin Network was hacked for $625 million, which was one of the largest crypto hacks ever. Continue Reading →

Meta (the company formerly known as Facebook) is thinking about creating its own virtual currency. Some reporters (and anonymous company sources) say it is unlikely to be a cryptocurrency. That seems naive. No matter how they create Zuck Bucks, if it has a value inside of the Zuckerverse, it will have a value outside of the Zuckerverse. Continue Reading →

The White House would like to get to the bottom of this whole "is cryptocurrency going to destroy the climate or not" thing. The Office of Science and Technology Policy announced it's putting together a report that assesses whether digital assets “impede or advance efforts to tackle climate change” and makes moves toward a “clean and reliable electricity grid.” Continue Reading →

President Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies including the potential for a U.S. central bank digital currency (CBDC). The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion, and responsible innovation. Continue Reading →

The interweb is buzzing with speculation that President Biden will sign an executive order sometime this week to provide guidance to multiple federal agencies regarding possible regulatory changes for cryptocurrencies. The order has been in the works since 2021. Continue Reading →