In Defense of Alternative Cryptocurrencies

Cryptocurrencies can be a good alternative to conventional settlement processes because they are underpinned by blockchain technology which enables the instant finalization of transactions without the involvement of intermediaries, a new report has said. Some players in the cross-border money transfer industry perceive the blockchain and cryptocurrencies as technologies that can enhance remittance processes. Cryptocurrencies Eliminate Expensive Practices for Remittance Providers Using cryptocurrencies for the settlement of transactions can be a useful “alternative to traditional....

In a recent letter addressed to Judge Lewis Kaplan, lawyers representing FTX founder Sam Bankman-Fried outlined their defense strategy, emphasizing the importance of the “counsel advice” approach.  The letter, dated August 23, 2023, responded to the court’s order directing the defense to address the government’s request for additional disclosures related to the proposed advice-of-counsel defense. […]

The RAND Corporation, an influential global policy think tank with strong defense and homeland security ties, has released a report titled “National Security Implications of Virtual Currency .” The report, freely available online , examines the feasibility for non-state actors, including terrorist and insurgent groups, to increase their political and/or economic power by deploying a virtual currency (VC) for use in regular economic transactions. The report was sponsored by the U.S. government through the Office of the Secretary of Defense, and the research work was conducted within the....

Investments in alternative assets such as cryptocurrencies account for over half of the portfolio of non-qualified Russian investors, a recently held survey has indicated. Almost half of them consider digital currencies like bitcoin as a potential hedge. Cryptocurrencies Outperform Traditional Currencies and Stocks in Russia Alternative investments like crypto, real estate, and antiques constitute more than half of the portfolios of non-qualified investors in the Russian Federation, according to a new poll conducted by Investing.com. Digital currencies are leading among these options with....

The US Defense Department plans to leverage upon the immutable nature of blockchain technology to secure its nuclear systems. The digital currency technology has crossed a lot of boundaries to finally enter the realm of the Defense Department. The transparent and immutable nature of Bitcoin blockchain is now being considered by the US Department of Defense for developing tamper-proof computer systems. These computer systems may as well be used to safeguard the country’s nuclear arsenal. According to recent reports, the Defense Advanced Research Projects Agency (DARPA) is currently funding....