Powers On… Don’t worry, Bitcoin’s adoption will not be stopped
In a series of recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the Wild West due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on....
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The Bitcoin network might consume electricity and connect to the internet, but it is more robust than any single utility on earth. The post You Don’t Have To Worry About Bitcoin’s Reliance On Utilities appeared first on Bitcoin Magazine.
Working in the Bitcoin world is like working for a drug addict with bipolar disorder. There are brief periods of astonishing, irrational exuberance followed by long periods of deep existential dread over basically nothing. During the good times, nothing can damage Bitcoin’s spirit. But for most of the time, bitcoiners are a bunch of namby-pamby worry-warts who wet their pants over everything. The Bitcoin world is neurotic in the way that fear dominates it. If there is not enough merchant adoption to satisfy them, they worry about hoarding and a liquidity crunch. If there is too much, they....
Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of cryptocurrencies and create “powers to more quickly and easily seize and recover crypto assets.”
UK Government Plans to Support Crypto Adoption
The U.K. government outlined its legislative agenda for the next parliamentary year in the Queen’s Speech delivered Tuesday by Prince Charles, the monarch’s son and first in line to the throne. The Queen’s Speech is written by the government and read out by the monarch as....
Why is the U.S. dragging its heels on crypto and blockchain regulation, as the rest of the world forges ahead with financial innovation? Powers On... is a new monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an Adjunct Professor at Florida International University School of Law, where he teaches a course on 'Blockchain, Crypto and Regulatory Considerations.'Dear Readers: Here is my first opinion piece for Cointelegraph since my retirement a month ago....
With the new Investigatory Powers Act, the UK government can now force communication companies to create backdoor access for them. The definition of democracy and fundamental rights have changed over time. Each passing day, the governments are working hard to turn their respective countries into military states. The United Kingdom, with its latest Investigatory Powers Act, is soon going to make NSA and other US law enforcement organizations look like second-rate agencies. These developments are a gross violation of privacy in the name of national security and the only way to save one’s....