On Tuesday, the U.S. Department of the Treasury announced an open invitation for comments on President Joe Biden’s Executive Order on digital assets. Aiming to leverage the wisdom of the crowd, the Biden Administration and the U.S. Treasury are asking citizens to comment on Biden’s Executive Order 14067. “For consumers, digital assets may present potential benefits, such as faster payments,…
This is an opinion editorial by Craig Buddo, a freelance writer specializing in finance and a contributor at Bitcoin Magazine. When not scrolling through his Rolodex of insults to level at Bitcoin, Charlie Munger, Berkshire Hathaway’s vice chairman and Warren Buffett’s confidant, is fond of invoking “mental models” espoused by the German mathematician, Carl Gustav Jacob Jacobi. Sounds intimidating, but…
A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies. According to a report by Law360 on July 12, U.S. Bankruptcy Judge Martin Glenn issued an order on Tuesday allowing the subpoenas after being told by the counsel for the liquidators that the…
Bitcoin (BTC) may have further to fall, but Coinshares chief strategy officer Meltem Demirors believes the top cryptocurrency will reach new all-time highs within the next 24 months. Speaking on CNBC’s Squawk Box on July 11, Demirors noted that Bitcoin has always been a “cyclical asset” with drawdowns from peak to trough at 80 to 90% historically. With Bitcoin currently…
The California Department of Financial Protection and Innovation (DFPI) has warned consumers to “exercise extreme caution” when dealing with interest-bearing crypto-asset accounts. The DFPI stated that it is investigating multiple crypto interest account providers to determine whether they are “violating laws under the Department’s jurisdiction.” In a July 12 note, the DFPI emphasized that crypto-interest account providers “are not governed…
At the 48th annual Group of Seven (G7) summit, held June 26 – June 28, 2022, in the Bavarian Alps of Germany at the stunning Schloss Elmau, President Joe Biden stated that the United States and three other G7 members will seek to ban importing newly refined or mined Russian gold. The ban follows a string of sanctions that have…
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, has a message for investors considering cryptocurrency. “Never touch it,” he stressed, adding that everyone should follow his example and avoid crypto “as if it were an open sewer, full of malicious organisms.” Charlie Munger Reaffirms His Anti-Crypto Stance Charlie Munger, Warren Buffett’s right-hand man and longtime business partner, threw…
This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.” It’s not just about freedom. It’s about Responsibility. Bitcoin is RgU Tech, or in other words, “Responsibility go Up” technology. To be a Bitcoiner is to be an individual who can balance freedom…
The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday by the United States Treasury Office of Financial Research. This finding counters concerns that a CBDC may encourage runs on weaker banks. According to the July 12 paper, researchers often claim that the public may in times…
Twitter Inc. has filed a lawsuit against Elon Musk to force the Tesla CEO to go through with the agreement to buy the social medial platform for $44 billion. Twitter alleges that Musk has breached the agreement repeatedly since he signed the deal with the company. Twitter v. Elon Musk: Lawsuit Battle Begins Twitter Inc. (NYSE: TWTR) has filed a…
