Federal Reserve Vice Chair Lael Brainard has stressed the importance of establishing sound regulation for the crypto financial system “now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial system.” Fed Vice Chair Brainard on Crypto Regulation Lael Brainard, the vice chair of the Board of the Federal…
Month: July 2022
After Terra’s fall to Earth, get ready for the stablecoin era
Stablecoins were supposed to be the boring uncle of the crypto world — safe, sensible and dull. They’re probably not what Satoshi Nakamoto had in mind, but they’re supposed to be a reassuring haven of calm and utility away from the turbulence of pure-play cryptocurrencies. With values pegged to fiat currencies, stablecoins were intended to be useful rather than to…
Chelsea Manning Talks Crypto, Privacy, and Security
Chelsea Manning Talks Crypto, Privacy, and Security Chelsea Manning, who gave classified documents regarding the wars in Afghanistan and Iraq to WikiLeaks in 2010, talked to Decrypt’s Stacy Elliott about crypto and privacy, decentralization and government, and her work with Nym. Source: https://decrypt.co/videos/interviews/q9IQ7L7z/chelsea-manning-talks-crypto-privacy-and-security
Chelseamanning
Chelsea Manning, who gave classified documents regarding the wars in Afghanistan and Iraq to WikiLeaks in 2010, talked to Decrypt’s Stacy Elliott about crypto and privacy, decentralization and government, and her work with Nym. Source: https://decrypt.co/videos/interviews/q9IQ7L7z/chelseamanning
New York State Slings Arrow At Bitcoin Mining
This is an opinion editorial by Rick Mulvey, author of The Fraud Within and contributor to Bitcoin Magazine. New York State’s Department of Environmental Conservation dealt another blow to the upstate Greenidge Generating Facility, which produces electricity for the power grid and also mines bitcoin. Greenidge stated that the decision, announced on Thursday, to deny them a new “Title V”…
Bitcoin Is Cheap — Ethereum Could Be Near Bottom – Markets and Prices Bitcoin News
Fidelity’s director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows that bitcoin is cheap but ether could be even cheaper. “Ethereum could be close to a bottom,” he added. Fidelity’s Director on Bitcoin and Ether Price Outlook Jurrien Timmer, director of Global Macro in Fidelity Investments’ global asset allocation division, shared his bitcoin and…
A recovery period for digital assets
When investing in financial markets, people often underestimate the possibility that, over a period of time, the investment may lose its value, and it will take time to recover temporary losses. The deeper the loss becomes, the more energy required to recover the losses increases out of proportion. If I invest $100 and lose 10%, I end up with $90…
US Treasury Delivers Crypto Framework to Biden as Directed in Executive Order – Regulation Bitcoin News
The U.S. Treasury Department has delivered a framework for crypto assets to President Joe Biden, fulfilling its obligation as directed in the executive order on crypto that the president issued in March. U.S. Treasury Secretary Delivers Crypto Framework to Biden The U.S. Department of the Treasury published a fact sheet titled “Framework for International Engagement on Digital Assets” Thursday. It…
Bitcoin’s Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop Lower – Mining Bitcoin News
Bitcoin’s hashrate has declined in recent times after reaching an all-time high on June 8, 2022, at block height 739,928. 30-day statistics show the hashrate has slipped from 243 exahash per second (EH/s) to today’s 178.44 EH/s, losing 26.56% during that time frame. After two drops in a row, the difficulty adjustment algorithm (DAA) is expected to drop again roughly…
Bitcoin tourists exit the market, Peter Schiff’s bank closes down and Voyager to restructure: Hodler’s Digest, July 3-9
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Peter Schiff’s bank closure strengthens Bitcoin case for financial freedom Avid Bitcoin hater…