Former SEC Chairman Levitt and Blockchain’s Smith Answer Bitcoin’s Naysayers
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....
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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....
The former Securities and Exchange Commission (SEC) chairman Arthur Levitt discussed the evolving regulatory landscape for bitcoin companies and the commission's ability to keep up with fast-paced technological changes in a wide-ranging interview on Bloomberg TV yesterday. Levitt, who is the SEC's longest-serving chairman, became one of the highest-profile figures from the world of financial regulation to enter the cryptocurrency space when he announced that he was joining BitPay and Vaurum as an advisor two days ago. In the Bloomberg TV interview, Levitt said he had been approached by six....
Arthur Levitt, former Chairman of the US Securities and Exchange Commission (SEC), will serve as advisor to Bitpay and Vaurum. Levitt, the longest serving Chairman of the SEC, will work closely with both companies to monitor business practices as well as help develop new ways to market and refine this new form of currency. He said: "Bitcoin is a fascinating new product in the rapidly changing world of financial service. I hope to help BitPay and Vaurum blend their new business models with core monetary methods and transparency practices in order to ensure their long term success."....
Peter Smith, the CEO of Blockchain has written a post describing the events at Satoshi Roundtable and explaining the need for immediate solutions to scale bitcoin. Bitcoin is in trouble; it has become a well-known fact by now. Be it the recent post by Brian Armstrong, the CEO and founder of Coinbase where he explains his take on the happenings at the Satoshi Roundtable conference held late last month. Now the CEO of Blockchain, Peter Smith has also explained the stuff that went on at the event. Both the versions paint a grim picture of Bitcoin’s future. The supposedly decentralized....
Arthur Levitt, the former Chairman of the United States Securities and Exchange Commission (better known to you and me as the SEC) will reportedly be serving as advisor to two bitcoin enterprises. They're BitPay and Vaurum. Now, BitPay you've heard about before, no doubt. My coverage of the company has been extensive. But as far as Vaurum goes, you may have heard a little about this bitcoin exchange earlier this year when it was announced that investor Timothy Draper would be using the Silk Road bitcoins he acquired to help out with their market liquidity. As advisor to both companies, Mr.....