‘They’re Wrong’: Former SEC Head Slams Bitcoin Naysayers
Tired of hearing bankers and the media tell you Bitcoin is finished, but everyone loves the blockchain? Worry not, the technology still has plenty of cheerleaders in high places – and investment money is still rolling in. Investment Flows Negate Naysayers. The latest high-profile figure to remind us of Bitcoin’s importance is Arthur Levitt, former....
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As Bitcoin straddles the $900 mark, now seems a good time to remember the naysayers who made it clear they thought the currency would never succeed – or was even already dead. More FUD, Naysayers? Bitcoin has faced its fair share of naysayers since its inception, but some are more vocal in their disdain than others. While there are far too many to mention by name, here are a few who will likely not be forgotten in a hurry. Mike Hearn. Mike Hearn used to be firmly on the side of the Bitcoin community, but ended up – somewhat dramatically – losing faith. His post in January on his decision....
A U.S. congressman has slammed the Securities and Exchange Commission (SEC) and Chair Gary Gensler for cracking down on companies outside the SEC’s jurisdiction. The SEC “is not regulating in good faith,” he said, adding that “Under Chair Gensler, the SEC has become a power-hungry regulator.”
Rep. Emmer Slams SEC and Chair Gensler
The director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), Gurbir Grewal, testified Tuesday before the U.S. House of Representatives Committee Financial Services’....
Blockchains have a problem — they’re growing too fast. Not in the sense that they’re been adopted too quickly or that they’re becoming increasingly useful, but in the literal sense — they are simply getting larger in terms of their digital footprint. As a complete archive of all the transactions that have ever taken place on […]
As financial companies have begun exploring blockchain technology, bitcoin’s promise as a payment disruptor has earned its fair share of skeptics who say the promise has been exaggerated. In response to these naysayers, Arthur Levitt, Jr., former chairman of the Securities and Exchange Commission, and Peter Smith, CEO of Blockchain, have written a column in American Banker arguing that those who say bitcoin won’t disrupt payments are wrong. They address the key arguments, such as the claim that the U.S. and Western Europe are already well served by existing financial systems, that bitcoin....
Brendan Duhamel and Jamie Young are 16 and 17, respectively. They’re only in High School but are already making head waves as entrepreneurs in the fledgling Bitcoin economy. While they’re not the first high schoolers in the crypto space, their startup Cisonius provides a unique solution for helping merchants integrate Bitcoin as a payment mode. By developing the world's first Bitcoin Tablet designed to help businesses accept Bitcoin, they have made this process quicker and easier than ever.