Bitcoin, Ethereum, Facebook Coin, Eloncoin. Now Federal Reserve Coin?
|Kurt Grela||May 21|
We had been seeing $1B in net new USDC in circulation every week, but we just did $1B new issuance in a day! USDC now @ 18 billion in circulation.
Time for the SEC to consider crypto and asset worth regulating.. that's what yesterday was about: the need for regulation. One hundred to one leverage is not healthy for the system. New systemic risk identified.
Last month the Fed said they had five yrs to create a digital currency. Now Powell put out this video talking about stable coins and the Fed will have a report out on it this summer. They are getting passed by the crypto world and have to move faster. 1/3
JUST IN: The U.S. Treasury calls for stricter cryptocurrency compliance with the IRS. reports. cnb.cx/2QGd4z6
> "Privacy is for criminals" Okay, then publish all your emails, texts, bank statements...maybe a live stream of your bedroom? > "It's okay if only gov't can see it" Sure, until gov't abuses it or loses it to foreign hackers, both of which are quite likely given recent events.
Today's numbers are incredible: nearly ~6million tx/day and 850k> wallet addresses. The exponential growth continues in spite of today's market & price action. I hope this is a good reminder for all of us: price is arbitrary but value is fundamental $matic
I just delivered a letter to 's co-founders with specific questions about its staking contract multisig. We must continue to pursue full transparency in DeFi. defiwatch.net/inquiry-into-p…
Incredibly fair article from 's . Captures all the nuances of the debate 👏👏👏 nymag.com/intelligencer/…
"Crypto has come from nowhere to be a force in the market ... it's here to stay. Cryptocurrency is not going away," The Carlyle Group's David Rubenstein . "The idea that the government is going to stop cryptocurrency from being something investors want is unrealistic."
BREAKING: Federal Reserve to issue paper this summer on "possibility of issuing" central bank digital currency.
In 2011, RSA was hacked by Chinese spies, who stole the "seed" values used to generate codes on SecurID 2fa tokens, shocking the security world. Now, after 10 years, the NDAs of the staff involved have expired. This is the untold story they shared with me:
The same arguments against the energy use of were used for personal computers in 1999. Yet, we don't question their use today.
Ark's Cathie Wood argues that the U.S. is set up for "massive" deflation, with the recent correction in commodities prices providing a signal for what's to come.