Category: TRENDS IN CRYPTOS

Celsius has become a hot CeFi platform for people to lend their crypto and earn interest, borrow, and perform other banking and investing activity. The hugely popular “London Real” video and podcast program recently featured Celsius, while profiling how a younger generation of users is moving away from traditional banking. Celsius touts itself as a...

SEC POISED TO ALLOW BITCOIN FUTURES ETFs The U.S. Securities and Exchange Commission will not block Bitcoin exchange-traded funds (ETFs) offered by Proshares and Invesco from starting to trade this week, insiders told Bloomberg. The odds are 75 percent that the SEC will approve at least one Bitcoin ETF this week, analyst Noelle Acheson at...

MORGAN CREEK CEO SAYS CRYPTO WILL OUTDO THE INTERNET. Mark Yusko of Morgan Creek Capital, told Cointelegraph.com last week that cryptocurrency and blockchain “Web3” innovations would create more wealth than earlier internet periods, by building the foundations of the Internet of Value. Yusko notably caught the wave of early internet technologies, and he embraced cryptos...

Texas and New York are likely to take very different approaches to the bitcoin mining industry. Who would’ve guessed? In New York, environmental activist organizations have spearheaded an effort to shut down plans to build energy projects in concert with bitcoin mining operations. The state has lagged behind other regions in economic recovery, and continues...

Jamie Dimon, billionaire CEO of JPMorgan Chase, tried moonlighting as a coder on Twitter and it didn’t go well. As Bitcoin climbed back near its all-time highs this past week, Dimon tweeted out fresh reason to doubt it, include this one: “I’ll just challenge the group to one other thing: how do you know it...

Cryptos, like bank transactions of 600 dollars or more, are basically all about criminal activity. That sums up the uniparty take of a 12 October National Review column by Steve Hanke and Matt Sekerke. Titled “How Innovative Is Crypto?”, the piece attempts to dissuade benighted average crypto users of the evidence of their own lying...

A growing number of financial advisors are not only allowing clients to trade cryptocurrencies inside their fund or retirement accounts but also are advising clients to use cryptos’ price gyrations as a tax gimmick. The scheme: investors can buy crypto through their brokerage accounts. If the coins’ value falls below a preset amount, the coins...

China has outlawed cryptocurrencies (“CHINA SEES CRYPTOS AS EXISTENTIAL THREAT,” 28 Sep 2021); U.S. regulators dither; and Hong Kong and South Korea have become hostile to them and have banned or restricted crypto dealings. In contrast, Singapore has laid the legal and regulatory groundwork to become crypto’s new home in Asia. In January 2020, the...

Bond markets gave cryptocurrencies a vote of no confidence recently. In mid-September, El Salvador became the first nation to accept Bitcoin as legal tender (see “El Salvador Recognizes Bitcoin as Cash,” 15 June, 2021). Shortly after, the country’s bond values crashed. Later that month, Coinbase, a major crypto trading platform, issued $2 billion in high-yield,...

Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), has overstepped his authority in his attempts to regulate cryptocurrencies, according to Tom Emmer, a Republican member of the House of Representatives from Minnesota. Emmer is a member of a group of legislators interested in crypto, known informally as the blockchain caucus. His charge...