Professor to SEC: Bitcoin Funds ‘Like a Penny Stock or Ponzi’
Computer science professor Jorge Stolfi has angered bitcoiners with his submission to the SEC regarding a proposed Bitcoin investment fund. As part of its approval process to be listed on the Bats BZX Exchange, details of the COIN ETF were published today in the US Federal Register. Any interested parties have 45 days to submit an opinion to the US....
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Following the comments received by the SEC, the commission has extended the time required for its decision making process regarding Bitcoin ETFs. A Brazilian professor is receiving flacks from the Bitcoin community for comparing the digital currency with Ponzi schemes and penny stocks. Jorge Stolfi, professor at State University of Campinas, and a staunch Bitcoin critic, said in an ETF filing that Bitcoin is a “speculative trading asset, and the value of which is “based on expectations of traders”. He went on saying that Bitcoin should be regulated the same way a Ponzi fund or a Penny....
Collecting physical Bitcoin memorabilia is quite a fun experience. Not every collector wants to get their hands on these items from a monetary perspective, as there are many bits and bobs to collect which hold no intrinsic value on their own. The Bitcoin Penny is one of those commemorative coins that are cheap, have no Bitcoin value stored on them, nor....
Data shows someone has accidentally sold a CryptoPunks NFT, a popular digital collectibles line, for just one penny in Ethereum. CryptoPunks NFT Sells For One Penny, Oops? Back in 2017, CryptoPunks became one of the first NFTs to launch on the Ethereum blockchain. Today, the digital collectibles have become quite popular and their high market […]
Buying bitcoin and other major cryptocurrencies in 2020 has proven to be a winning strategy. But crypto investors looking to diversify their digital currency exposure should consider including stocks that offer exposure to specific companies with ties to cryptocurrencies. Penny stocks with small exposure to cryptocurrencies like Overstock.com (NASDAQ: OSTK) soared during the recent crypto boom. Investors hoping to find the next hidden gem have several penny stocks to watch. Canaan and Ebang International Holdings […]
Harvard Professor of Economics and former Chief Economist at the International Monetary Fund (IMF) Kenneth Rogoff believes that governments will not allow bitcoin to flourish on a large scale. “The regulation will come in. The government will win,” he said. The professor also discussed the likelihood of a bitcoin bubble. Harvard Professor Warns of Strict Crypto Regulation Harvard University Professor Kenneth Rogoff shared some thoughts about bitcoin regulation during an interview on Bloomberg Surveillance last week. Rogoff is the Thomas D. Cabot Professor of Public Policy and a....