Tag: Isnt

Crypto Wallet Maker Ledger’s Communication Blunder Shows Being Right Isn’t Good Enough

The offending comment seems to simultaneously affirm all of the worst fears being floated – and also belittle the worriers for not catching on sooner. Regardless of intent, both “technically speaking” and “whether you knew it or not” will be heard as condescending, even dismissive. “Yes we can do the thing you’re most worried about, but you shouldn’t be worried about it because we could always do it, and you’re kind of dumb for not already realizing that” is not a way to calm anybody down. Source

‘It isn’t just criminals who want privacy’

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Robert F. Kennedy Jr., who is challenging United States President Joe Biden for the Democratic nomination in the 2024 presidential election, has taken to Twitter again to share more of his thoughts on cryptocurrency. Kennedy criticized Biden on May 2 for calling the U.S. banking system “safe and sound” the previous day. “Today, bank stocks are crashing. The American people deserve more than glib assurances and perception management,” he tweeted. On May 3, Kennedy condemned the Biden administration’s proposed tax on crypto mining. An environmental lawyer, Kennedy called the proposed…

Dogecoin isn’t a security and is unstoppable says executive

In a recent interview with FOX Business, in honor of 4/20, dogecoin (DOGE) day, Marshall Hyner, who has worked with the Dogecoin Foundation since 2013; claims the meme coin cannot be classified as a security.  When asked why the United States Securities and Exchange Commission (SEC) couldn’t go after the meme coin, he said dogecoin is like bitcoin (BTC) and has an active community. Bitcoin is classified as a commodity by the top regulator, including the United States Commodity Futures Trading Commission (CFTC). “As per the Securities Exchange Act, a…

Market Analyst Heralds the Collapse of ‘Everything,’ Calls for Hedging in Gold and Silver Before There Isn’t Any Left – Economics Bitcoin News

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Egon von Greyerz, market analyst and founder of Matterhorn Asset Management, is predicting the collapse of the central bank system in the next few years due to an increasing issuance of currency and debt. Von Greyerz states that in the face of an economy with no buyers, the only hedge will be tangible assets, including gold and silver. The Collapse of ‘Everything’ Egon von Greyerz, the founder of Matterhorn Asset Management, has recently expressed his worries about the situation of the central banking system in an article titled “The Everything…

Elon Musk Asks Judge to Dismiss $258B Dogecoin Lawsuit — Insists Tweeting Support for DOGE Isn’t Unlawful – Featured Bitcoin News

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Tesla and Twitter CEO Elon Musk has asked a U.S. judge to dismiss a $258 billion lawsuit filed against him by dogecoin investors. They alleged that the billionaire operated a pyramid scheme to promote the meme cryptocurrency dogecoin. “There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion,” Musk’s lawyer argued. Elon Musk Wants Court to Dismiss Lawsuit by Dogecoin Investors Elon Musk, CEO of Tesla and Twitter, asked a U.S. judge…

The ‘Skull of Satoshi’ Proves Bitcoin Mining Discourse Isn’t Dead

Without getting into too much detail, the conversation about moving Bitcoin from proof-of-work to something else, like proof-of-stake (PoS), which doesn’t use much energy, is generally a nonstarter. Bitcoin will almost certainly never move away from proof-of-work. That isn’t obvious from the outside, so that’s exactly where Von Wong began his journey to understand bitcoin mining. Source

Silicon Valley Bank’s downfall has many causes, but crypto isn’t one

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Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies. Notably, it was one of the few institutions offering services to crypto companies in the United States as other banks shied away from the sector, fearing risk and the possibility of a sudden regulatory crackdown. The downfall of SVB, Signature Bank and Silvergate Bank, all within a short time, has instilled fears of another 2008-like financial crisis. While policymakers continue to assure the public that they are working on a recovery plan —…

Why isn’t the Federal Reserve requiring banks to hold depositors’ cash?

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The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. Since that time, banks in the United States have not been required to actually hold any depositor money in the bank, making a flawed system — fractional reserve banking — worse.  With Silvergate Bank, Silicon Valley Bank and Signature Bank now shuttered, many in the U.S. are wondering if regional banks pose the same risks. Zero reserve policies at the Federal Reserve only make further bank collapses more likely. Fractional reserve banking and Silicon Valley Bank Before…

Bitcoin Isn’t Trading as a Currency, but as a Speculative Asset: Morgan Stanley

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