The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has explained how securities laws apply to cryptocurrency tokens as he outlined the commission’s priorities in regulating the crypto space. “Our role at the SEC is to ensure that the public still gets basic protection,” he stressed. SEC Chair Gary Gensler on Cryptocurrency Regulation SEC Chair Gary Gensler…
Employees from Microsoft and Apple are jumping ship to join Meta Platforms as the company sets its sights on creating the Metaverse. According to former employees of Microsoft quoted by the Wall Street Journal, around 100 people have ditched the tech giant’s augmented reality team over the past year to join Meta Platforms. They claim that Meta has been particularly…
The dominance of Big Tech is coming to a close. So long as we can ensure that it doesn’t enslave us all first. Many people are beginning to wake up to their dependencies on large internet companies and are starting the process of migrating to free and open platforms that don’t rely on Amazon Web Services. Internet infrastructure was not…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Source: TradingView The two assets have been trading in a very correlated fashion since the start of the new year. With the stock…
Bitcoin Magazine’s YouTube channel was restored around three hours after being shut down, with the publication attributing the short ban to the YouTube algorithm flagging the word “Kazakhstan.” In a Jan. 12 Twitter post, Bitcoin Magazine noted that its YouTube account with 56,600 followers was banned in the middle of a livestream with no prior warning from the platform. “Our…
Bitcoin’s price has come down from all-time highs hit on November 10, 2021, and many of the publicly-traded bitcoin mining stocks saw their prices drop along with it. Marathon Digital Holdings (MARA) was no exception to this rule. Corporate Growth Its last two earnings reports were not its strongest showing, but Marathon did have a strong year in 2021 overall.…
Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has warned about “a recession in the later part of this year.” He also advised against buying bitcoin at the current level. “Maybe you should buy it at $25,000,” he said. Billionaire ‘Bond King’ Jeff Gundlach on Recession, Bitcoin, and the Fed Raising Interest Rates Billionaire fund manager Jeff…
In brief The Republic of Palau announced a partnership with Cryptic Labs. The partnership will create a digital residency program for global citizens to the island nation of Palau. The Republic of Palau announced today its partnership with Cryptic Labs to launch a digital residency program using the latter’s Root Name System. Palau President Surangel S. Whipps, Jr. signed the…
I am part of a subset of Local Union (ATU1555) based out of Oakland, California, proposing that our union allocate a percentage of our treasury and monthly union dues to bitcoin. I wish I could take credit for the original ATU1555BITCOIN idea, but I cannot. After our tenth or probably more like twentieth bitcoin breakroom discussion, the former president of…
In brief The price correlation between crypto and stock markets is increasing. This poses a risk to countries with heavy crypto adoptions, say three IMF economists. For roughly a decade, Bitcoin and other cryptocurrencies were treated as hedges against other types of assets, such as stocks. But post-COVID, the prices of crypto assets are increasingly mirroring equities as more people…
