Cryptocurrency Analysis and News Portal
The U.S. Securities and Exchange Commission isn’t volunteering to clarify what makes a crypto token a security, but the agency showed some of its hand in enforcement documents crypto lawyers are studying like scripture. Source
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People naturally pegged the responsibility to irresponsibly overleveraged hedge funds and lending platforms. The problem is centralized finance, or CeFi, cosplaying as DeFi, they said, and there are no issues with DeFi proper. However, the idea that “this time will be different” and that financial actors would all act sensibly
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All cryptocurrencies other than Bitcoin (BTC) were first described as altcoins for a single reason: There was a rise of projects that copied and pasted Bitcoin’s source code. The cryptocurrencies in the early stages weren’t unique enough to have a distinctive term, so “altcoin” (alternative coins) best fit their description.
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The Collins Dictionary crowned the amazing year NFTs had. According to the UK-based dictionary, “NFT” was the most important word of 2021. There’s no denying that the NFT phenomenon grew immensely this year, and not even Ethereum gas fees and environmental FUD could deter its trajectory. Congratulations to all the
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Elon Musk’s comments led to a spike in the price of cryptocurrencies especially post the one where he revealed he had plans of keeping the currencies for the long term. At The B Word Conference, Elon Musk revealed owning Bitcoin and the other small cryptocurrencies causing an immediate
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Quick take:Elon Musk has joked about Bitcoin being his ‘safe word’He also posted a Bitcoin meme that has excited the crypto-verseMusk also compared Bitcoin to being ‘bull sh*t’ in a manner similar to fiatElon also tweeted about DogeCoin leading to a 20% pump of DOGEHis Twitter Bio now reads ‘
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CryptoX columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup.Much ink has been spilled on the question of Bitcoin’s energy footprint. But amid the clarifying details and the energy mix calculations we
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Ripple CEO Brad Garlinghouse’s mission is to demolish bankers’ fear of cryptocurrencies and get them on board with the new asset class.During a recent interview with CNN, Garlinghouse explained that “once regulators understand you're not circumventing regulatory frameworks they get very comfortable very quickly.”Garlinghouse said that someone at the
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