Cryptocurrencies are a baffling entity but adopting it as legal tender is the strangest, most worrying aspect of allEl Salvador this month became the first country to adopt a cryptocurrency – in this case, bitcoin – as legal tender. I say the first, be…
Robinhood Will Start Testing Crypto Wallets Next Month
Robinhood plans to start a cryptocurrency wallet next month, the company announced on Wednesday. Engadget reports: The tool will allow you to send and receive digital currencies, as well as trade them and move them off the app. If you want to take part…
Robinhood muscles deeper into Coinbase’s territory with new crypto wallet feature
The fervor around Dogecoin delivered big revenues for stock-trading app Robinhood, and the company announced Wednesday that it’s wandering deeper down the crypto rabbit hole, sharing that it will soon begin testing crypto wallets for its users. The crypto wallets, which Robinhood says it will begin rolling out next month over time to users on […]
SEC’s Gensler Doesn’t See Cryptocurrencies Lasting Long
According to a report from The Wall Street Journal, “Securities and Exchange Commission Chair Gary Gensler said Tuesday he doesn’t see much long-term viability for cryptocurrencies (Warning: source paywalled; alternative source), underscoring the impor…
Fears for democracy in El Salvador after president claims to be ‘coolest dictator’
US diplomat raises concerns after Nayib Bukele makes outlandish claim on Twitter and replaces judges to permit future re-electionThe top US diplomat in El Salvador has warned of “a decline in democracy” in the country, whose president, Nayib Bukele, re…
Coinbase Drops Lend Product Plans After SEC Lawsuit Threat
Cryptocurrency exchange Coinbase has canceled plans to launch Lend, a product designed to deliver high-interest returns on USDC stablecoin holdings. From a report: A Coinbase representative confirmed the news to Decrypt this morning, referring us to a …
What Happened After El Salvador Adopted Bitcoin as Legal Currency?
Foreign Policy magazine explores just what happened after El Salvador adopted bitcoin as legal currency and launched its official government-approved bitcoin wallet Chivo:
Chivo launched just after midnight on Sept. 7. The system started failing at th…
US Judge Sentences Crypto Hedge Fund Scammer To Over Seven Years In Prison
The U.S. Department of Justice announced Wednesday that Stefan He Qin, the founder of two cryptocurrency-focused hedge funds who pled guilty to securities fraud in February, has been sentenced to 90 months in prison for his actions. Tom’s Hardware repo…
China Intensifies Hunt For Cryptocurrency Miners In Hiding
An anonymous reader quotes a report from Bloomberg: China’s campaign against the cryptocurrency industry is now targeting miners who tried to disguise themselves as data researchers and storage facilities to stay in business, according to people with k…
AMC Theaters Will Accept Cryptocurrencies Other Than Bitcoin
In August, AMC Entertainment CEO Adam Aron said the company will start accepting bitcoin as payment for movie tickets and concessions at all of its U.S. theaters. Now, Aron says he expects the company to also accept Ethereum, Litecoin, and Bitcoin Cash…