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Crypto News
Dollar Decline and the Paralysis of Conventional Monetary Policy
A reading of Kenneth Rogoff’s latest piece on the strange reality of the dollar’s global status. On this week’s edition of Long Reads Sunday, NLW reads former IMF chief and current Harvard economist Kenneth Rogoff’s latest Op-Ed, “The…
Data Is Labor: Why We Need Data Unions
In the aftermath of a divisive U.S. presidential election that seems to mark the tail end of the 20th Century, I’m reminded of the daughters of the beginning of the Industrial Revolution. The “Mill Girls” of Lowell, Mass., made up 75% of…
Value DeFi protocol suffers $6 million flash loan exploit
After a boast about the protocol’s resiliency, Value DeFi loses $6 million to exploit Following a Twitter thread on Friday that highlighted the decentralized finance protocol’s flash loan exploit prevention methodology, Value DeFi appears…
Dalio Says Governments Will Kill Bitcoin. Is He Right?
In an otherwise extremely bullish week, famed investor Ray Dalio reiterated his skepticism of bitcoin and digital assets.On this edition of the weekly recap, NLW looks at bitcoin’s surge past $16,000. Additionally, he explores some recent…
Roger Ver: Bitcoin Cash Hard Forks Could Have Thwarted PayPal Support
There are still a lot of uncertainties around the scheduled Bitcoin Cash fork event on Nov. 15, but one thing is for sure: The cryptocurrency’s biggest advocate, Roger Ver, executive chairman of Bitcoin.com, is not a fan of the scheduled…
Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion
Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked.Bitcoin (BTC) trading around $16,240 as of 21:00 UTC (4 p.m. ET).…
PayPal Rolls Out Crypto for All US Customers
Crypto Twitter reacts to the announcement and answers the question: Just how big a deal is PayPal? PayPal is rolling out crypto to all its users and increasing transaction limits from $10,000 to $20,000. In this episode, NLW breaks…
Token Projects Are Not Happy With KuCoin’s Handling of $280M Hack
The latest face-saving communique from Seychelles-domiciled crypto exchange KuCoin – hacked almost two months ago for over $280 million – is that 84% of the affected assets have been recovered. Some victims will be glad the situation…
Payza Founders Sentenced in $250M Money Laundering Case
The founders of digital payments processor Payza will serve year-plus prison terms and forfeit $4.5 million in seized assets for breaking federal money transmission laws, the U.S. Department of Justice said.Brothers Firoz and Ferhan Patel,…
Blockchain Bites: Bankrupted Cred’s Missing Millions, Bitcoin Miners’ Quarterly Losses and More
Crypto lender Cred’s bankruptcy is more than it appears. Two publicly traded bitcoin mining firms reported this week: Neither are profitable. ECB President Christine Lagarde has a “hunch” about the digital euro. Top…
