Powers On… Why the SEC is not your friend (and how to deal with that)
A former SEC attorney argues that Ripple's Brad Garlinghouse and Chris Larsen are being asked for documents that seem to demonstrate significant overreach. 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.'While I was in private law practice for 35 years, after serving for five....
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Friend.tech, a decentralized social media platform built on the Base, the Ethereum layer-2 scaling solution backed by Coinbase, generates more fees, and thus, revenue than Bitcoin. This transactional platform allows users to move value. According to Token Terminal data on Oct. 6, Friend.tech generated $28.6 million in fees, above Bitcoin’s $26.8 million. This spike is […]
ShapeShift.io, the much buzzed about cryptocurrency-to-cryptocurrency exchange founded by early Bitcoin adopter Erik Vorhees, has released an app into the Apple's app store. The ShapeShift app will allow users to seamlessly transact in multiple cryptocurrencies. In a phone interview with CCN, Vorhees said that a simple use case might be someone that wants to pay a debt to a friend with Dogecoin, but that friend doesn't want to use Dogecoin, they want some other coin, most likely Bitcoin. The friend can use the ShapeShfit app to transmit the Dogecoin into Bitcoin, and then pay the friend in....
Admittedly, yes, it is a slow news day. Let's get that out of the way. But potentially of interest to our readers from the land down under is Australian bitcoin company CoinJar's new invite-a-friend program. It's exactly as it sounds: any CoinJar users who gets a friend signed up and 'identified' (which we assume to be verified), CoinJar will pay out $5 to each of the parties involved. The way it works, according to today's CoinJar blog post, involves the already-joined user heading up to the 'Filler' section of the CoinJar site where they would ordinarily go to buy bitcoin. In the lower....
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....
If you still can't figure out what the heck a bitcoin is, this simple explanation for a five-year-old may help you ... We're sitting on a park bench. It's a great day. I have one apple with me, I give it to you. You now have one apple and I have zero. That was simple, right? Let's look closely at what happened: My apple was physically put into your hand. You know it happened. I was there, you were there - you touched it. We didn't need a third person there to help us make the transfer. We didn't need to pull in Uncle Tommy (who's a famous judge) to sit with us on the bench and confirm that....