Gensler is hesitant to label cryptocurrencies as securities
Gary Gensler, the chairman of the Securities and Exchange Commission, has remained tight-lipped about new crypto token advice. Sen. Pat Toomey, the committee’s top Republican, wrote Gensler a series of follow-up questions on cryptocurrencies after a hearing before the Senate Banking Committee in September. Gensler kept to the broad interpretation of existing statutes and the […]
China gets praises from Charlie Munger for banning crypto
In a conference on Friday, Berkshire Vice Chairman Charlie Munger stated that the crypto market is excessively overvalued. Munger stated at the conference that the present financial and market situation is “crazier” than it was in the early 2000s, when the dot-com bubble burst and investors lost a lot of money. Munger noted at the […]
US Treasury Secretary calls for broad consensus on digital dollar
Janet Yellen, the US Treasury Secretary, has expressed her views on the possibilities of a digital dollar, although she is cautious to draw any conclusions at this time. Yellen said on Thursday that she had not developed an opinion on whether the Federal Reserve should construct a digital version of the dollar, but that such […]
Signature of Star Trek’s creator reaches where no NFT has gone before
Gene Roddenberry’s signature on the first contract for Star Trek with Lucille Ball’s Desilu Productions is now an NFT. Roddenberry negotiated a deal to fund Star Trek with Lucille Ball’s Desilu Productions in 1965. On Nov. 30, 30 years after the sci-fi legend’s death, that signature was transformed into a nonfungible token (NFT) and inserted […]
Australian university research claims ETH is a ‘superior’ store of value to Bitcoin
The virtues of EIP-1559 as a mechanism for making ETH a deflationary cryptocurrency and possibly greater store of value than Bitcoin are highlighted in the paper. Bitcoin’s status as the greatest crypto storage network has been called into doubt by Australian university experts , who believe Ethereum is on its path to becoming “the world’s […]