In a case that has taken three years to reach a verdict, XRP token is found not to be a security. But Ripple isn't completely off the hook.
The proper definition of cryptocurrencies has stumped US regulators, many believe it has affected development. This year could bring clarity.
Investors will be able to gain exposure to bitcoin through the fund, without direct exposure to the volatile currency that traded over $62,000 over the weekend alongside this and other pro-crypto news. On Tuesday morning, the ProShares ETF went live under the ticker BITO at around $40.
This week, we look at:
The spectacular price increase in crypto assets, hitting new records for Bitcoin, as well as the comparable statistical situation around Covid cases
An explanation of the $1.5 trilion income effect in 2020, and how it has led to both capital acumulation and inequity (thanks NY Times!)
A discussion of all-time-highs and all-time-lows, why we need them, and their connections to the macro-economy, computer code, music, and the universe itself
One wonderful takeaway from Watts, which of course is not his, but beautifully plagiarized into the English language, is the duality of experience. The need for polar opposites, in a clock-like cycle. To have black, you must have white. To have the top of the wave, you need the bottom of the wave. To have a melody, you need equally the presence of the notes, and their absence in silence. To breathe in, you need to breath out. It is meaningless to have a data point without the context in which it exists.
Here are the most read news stories from our daily newsletter today: Why FinTechs Are Declaring Victory In PPP Loans...
With an SEC lawsuit clouding the coverage of Ripple, their cross-border disruption seemed subdued. The company then launched a CBDC platform.
Ripple CEO Brad Garlinghouse said the SEC could no longer push the crypto industry around if the invasion was to move forward.
In this conversation, we talk with Marwan Forzley of Veem about how the rampant evolution of the mobile phone spurred his fascination to turn the phone into a business-to-business (B2B) payments network. Additionally, we explore how generations of companies have tried to use correspondent banking to solve for B2B cross border and failed, the intricacies of payment rails and the infrastructure to support them, the impact of COVID on global e-commerce, how the future will blend the distinctions between digital wallets, banking services, and crypto wallets.
The way we move money around the world has, for the most part, not changed much in many decades. But...
Visa, Mastercard Fined Wirecard for Dubious Transactions Mexico-Based Prop Tech Flat.mx Secures $25 Million in Debt Financing From Arc Labs...