Violate the Core Principles of Bitcoin at Your Own Peril
Forbes magazine ran an article on August 24, "Why There Should be a Bitcoin Central Bank." If you want the short answer and want to skip the rest of the article, it boils down to this: because that would violate every core bitcoin principle. This article shows the ignorance of most of the world that is deep into yesterday's paradigm of money. This....
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ID3, founded out of the MIT Media Lab, has teamed up with nearly two dozen leading digital currency firms to announce the Windhover Principles. ID3 is a research and educational nonprofit with a mission to develop a new social ecosystem of trusted digital institutions. The Windhover Principles constitute the next step forward in this direction and provide a new framework written by public and private stakeholders to ensure personal identity and data on the web. The Windhover Principles for Digital Identity and Trust are deeply rooted in the belief that individuals should have control of....
The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies.
Only a week after ruling that bitcoin and other digital currencies are commodities, the U. S. Commodity Futures Trading Commission (CFTC) announced on Thursday that they have settled charges filed against TeraExchange LLC (Tera) for arranging a "non-deliverable forward contract" last October. Neither of the parties entering the trade were looking to profit off of future bitcoin price changes, but rather to test Tera's network. However, Tera subsequently released a press release that indicated the pre-arranged swap was a real trade, which would violate both the Swap Execution Facility (SEF)....
The IRS is sending letters to bitcoin investors again, warning them about potential misreporting and, according to its own watchdog, violating their rights. The post Do The IRS Crypto Tax Letters Violate Taxpayer Rights? appeared first on Bitcoin Magazine.
A professor of finance and business economics at the University of Southern California says that asset managers focusing on growth strategy could violate their fiduciary duty if they do not consider bitcoin in their portfolios. Asset Managers With Growth Focus Need to Consider Bitcoin Financial researcher Nik Bhatia said last week that asset managers seeking growth returns on behalf of their clients need to consider bitcoin, the Insider reported. Bhatia is also an adjunct professor of finance and business economics at the University of Southern California Marshall School of Business. In....