Day: March 22, 2023

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ – Bitcoin News

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On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises and do not “perform all the functions of money as effectively as sovereign money, such as the U.S. dollar.” Crypto Assets and Defi Highlighted in Biden Administration’s Economic Report The recently published “Economic Report of…

‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

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If the United States government really is implementing “Operation Choke Point 2.0” it will hurt financial stability and may have contributed to the collapse of Silicon Valley Bank (SVB) according to Donald Trump’s former Acting White House Chief of Staff, Mick Mulvaney. “I don’t want to think that the government would actually do that,” Mulvaney said in a March 22 Bloomberg interview in reference to the rumored operation. He did however recall attending hearings on the original Operation Choke Point — a government initiative that aimed to limit certain industries’…

Bitcoin’s banking crisis surge will ‘attract more institutions’: ARK’s Cathie Wood

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The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes. Wood shared her thoughts on BTC’s recent price surge in a March 21 Bloomberg interview, stating its price behavior through the crisis “is going to attract more institutions.” “The fact that Bitcoin moved in a very different way from the equity markets, in particular, was quite instructive,” she added. ARK Investment Management CEO Cathie Wood says the…

Magic Eden launches marketplace for Bitcoin Ordinals

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Nonfungible token marketplace Magic Eden has launched its own “fully audited” marketplace for Bitcoin Ordinals, leveraging the surging interest in “Bitcoin NFTs.”  The newly launched marketplace allows Bitcoin (BTC) NFT traders to buy and sell Bitcoin Ordinal collections, giving users a similar experience to the one that Magic Eden offers for Polygon, Ethereum and Solana-based NFTs. Extremely excited to announce that @MagicEden is now on Bitcoin. With this, we are simplifying the journey for collectors and creators to get started on Bitcoin – the granddaddy of all chains. Kudos to…

Marta Belcher: Reframing Privacy for the Digital Age

CryptoX – Cryptocurrency Analysis and News Portal Somehow we accept that financial transactions get turned over to the government by default without a warrant, says civil liberties lawyer Marta Belcher, a speaker at this year’s Consensus festival. Source The post Marta Belcher: Reframing Privacy for the Digital Age appeared first on CryptoX. CryptoX Portal

Ethereum Merge Driving a Surge in Demand

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bloomberg’s Sonali Basak & Emily Chang discuss cryptocurrency market moves and ethereum’s merge driving demand adoption. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Japan’s Largest IT Service Provider Fujitsu Files Trademark Covering Crypto Trading Services – Featured Bitcoin News

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Japanese tech giant Fujitsu has filed a trademark application with the U.S. Patent and Trademark Office that covers several cryptocurrency services. The application specifically mentions “financial management of crypto assets,” “financial exchange of crypto assets,” and “financial broker services for cryptocurrency trading.” Fujitsu’s Crypto Trademark Application Fujitsu, one of the world’s largest IT service providers, filed a trademark application with the United States Patent and Trademark Office (USPTO) last week for several cryptocurrency products and services. Fujitsu is Japan’s largest IT service provider. Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted…

North Koreans Attempt to Phish Euler Exploiter of $200M in Crypto, Experts Say

The Ronin hackers’ overtures may be a thinly veiled attempt to trick the Euler hacker into surrendering the private key – and thus the crypto – they stole from Euler Finance, said Hudson Jameson, a former developer at the Ethereum Foundation. But he said the motives behind the on-chain messages remain unclear. Source 200MAttemptCryptoEulerExpertsExploiterKoreansNorthPhish CryptoX Portal