Nothing has changed in US crypto banking since Trump returned: Caitlin Long
The world of cryptocurrency has been gaining more attention and acceptance in recent years, with many governments and institutions starting to recognize its potential. However, despite the Trump administration being more open to the idea of cryptocurrency compared to its predecessor, there is still one major issue that has yet to be addressed – crypto debanking.
Caitlin Long, CEO of Custodia Bank, has been a vocal advocate for the crypto industry and has been closely monitoring the actions of the current administration. While she acknowledges that there have been positive developments, such as the appointment of pro-crypto individuals in key positions, she believes that the issue of crypto debanking needs to be urgently addressed.
For those unfamiliar, crypto debanking refers to the practice of banks and financial institutions closing accounts or denying services to individuals or businesses involved in the cryptocurrency industry. This has been a major hurdle for many crypto companies, as they struggle to find reliable banking partners to support their operations.
Despite the growing popularity and potential of cryptocurrency, it is still a relatively new and unregulated industry. This has led to hesitation and caution from traditional financial institutions, who may view it as a risky and volatile market. However, this has also resulted in unfair treatment towards legitimate businesses and individuals who are simply trying to participate in the crypto space.
Long believes that the Trump administration needs to take a proactive approach in addressing this issue, as it not only affects the growth and development of the crypto industry, but also poses a threat to the principles of fair competition and equal access to financial services.
In conclusion, while the Trump administration may have shown some positive signs towards cryptocurrency, there is still much work to be done in ensuring that the industry is given a fair and equal playing field. It is time for the government to address the issue of crypto debanking and provide much-needed clarity and support for this emerging market.
Bitcoin isn't a worthy reserve asset, Swiss central bank president says: Report
In a recent statement, Swiss National Bank President Martin Schlegel expressed his skepticism towards Bitcoin as a potential reserve asset. This comes as Switzerland is considering the use of cryptocurrencies as a reserve asset, following the footsteps of other countries like El Salvador.
Schlegel highlighted two major concerns with Bitcoin – its volatility and lack of liquidity. He stated that the extreme price fluctuations of Bitcoin make it unsuitable as a reserve asset, as it cannot provide the stability and security that traditional assets like gold or government bonds offer. Additionally, the limited liquidity of Bitcoin also poses a challenge, as it may not be readily available for use in times of crisis.
The Swiss National Bank’s stance on Bitcoin as a reserve asset is not surprising, as central banks around the world have been cautious about embracing cryptocurrencies. Many central bankers have raised concerns about the potential risks and uncertainties associated with digital currencies, including money laundering and financial stability.
However, despite Schlegel’s reservations, Switzerland remains a hub for cryptocurrency innovation and adoption. The country has a thriving crypto industry, with several major players in the space, including the “Crypto Valley” in Zug. Moreover, the Swiss government has been actively working on creating a regulatory framework for cryptocurrencies, providing a safe and conducive environment for businesses and investors.
While Bitcoin may not be suitable as a reserve asset at the moment, its potential cannot be ignored. With the growing interest and adoption of cryptocurrencies, it is possible that Bitcoin and other digital assets may become a part of central bank reserves in the future. Until then, it is essential for regulators and central banks to carefully assess and monitor the developments in the crypto space to make informed decisions.
Ethereum Foundation officially announces new leadership
The Ethereum Foundation has recently undergone a significant change, following months of criticism from the community. This shift comes after many expressed concerns that the project was heading down the wrong path. The Ethereum Foundation, which is responsible for overseeing the development and growth of the Ethereum blockchain, has faced mounting pressure to address issues such as scalability, security, and governance.
The decision to make changes within the Ethereum Foundation was not taken lightly. It was a result of numerous complaints and feedback from the community, who felt that their voices were not being heard and that the project was not living up to its full potential. Many believed that the Foundation was not effectively addressing the challenges facing the Ethereum network, and that urgent action was needed to steer the project in the right direction.
One of the main concerns raised by the community was the issue of scalability. As the popularity of Ethereum continues to grow, the network has struggled to keep up with the increasing demand. This has resulted in slow transaction times and high fees, making it difficult for the platform to compete with other blockchain networks. The community has been calling for solutions to improve scalability and make Ethereum more efficient and user-friendly.
Another major issue that has been plaguing the Ethereum Foundation is security. With the rise of decentralized finance (DeFi) applications built on the Ethereum blockchain, the network has become a prime target for hackers. This has led to several high-profile attacks, causing significant financial losses for users. The community has been demanding better security measures and protocols to protect the network and its users.
In addition to these technical challenges, there have also been concerns about the governance of the Ethereum Foundation. Many have criticized the lack of transparency and accountability within the organization, calling for more community involvement and decision-making power.
With the recent changes within the Ethereum Foundation, there is hope that these issues will be addressed and the project will be able to reach its full potential. The community is eagerly awaiting the implementation of new strategies and initiatives that will help Ethereum overcome its challenges and continue to grow and innovate in the world of blockchain technology.
Ethereum developer Danny Ryan joins Etherealize as co-founder
Meet Vitalik Buterin, the mastermind behind the world’s second-largest cryptocurrency, Ethereum. At just 27 years old, Buterin has already made a significant impact on the world of blockchain and decentralized finance.
Buterin’s journey began in 2013 when he dropped out of the University of Waterloo to pursue his passion for blockchain technology. He co-founded Ethereum with a group of like-minded individuals, and the platform officially launched in 2015. Since then, Ethereum has become a major player in the crypto world, with a market capitalization of over $200 billion.
Buterin’s vision for Ethereum goes beyond just being a digital currency. He envisions a decentralized platform that can support a wide range of applications and smart contracts. This has led to the development of decentralized finance (DeFi) applications, which allow for the creation of financial products and services without the need for intermediaries.
Buterin’s contributions to the world of blockchain and DeFi have not gone unnoticed. In 2014, he was awarded the prestigious Thiel Fellowship, which provides young entrepreneurs with funding and mentorship to pursue their ideas. He has also been recognized as one of the top 30 under 30 by Forbes and has been featured on the cover of Fortune magazine.
In addition to his role as a developer, Buterin was recently informally elected as the head of the Ethereum Foundation, the non-profit organization responsible for the development and promotion of the Ethereum platform. While this vote is non-binding, it speaks to the respect and trust that the Ethereum community has for Buterin’s leadership.
Despite his success, Buterin remains humble and focused on the future of Ethereum. He continues to work tirelessly to improve the platform and push the boundaries of what is possible with blockchain technology. With Buterin at the helm, the future of Ethereum looks bright, and we can’t wait to see what he and his team will accomplish next.
Milei’s ‘Libragate’ scandal, explained: What’s behind the controversy?
Milei’s recent involvement with the cryptocurrency LIBRA has caused quite a stir in the financial world. The renowned economist’s post about the digital currency sent prices skyrocketing, only to come crashing down shortly after. This sudden turn of events has left investors reeling from losses and Milei facing both legal and political repercussions.
For those unfamiliar with LIBRA, it is a proposed cryptocurrency backed by Facebook and a consortium of other companies. The idea behind it is to create a stable and secure digital currency that can be used for everyday transactions. However, Milei’s post raised concerns about the potential risks and instability of the currency, causing a frenzy in the market.
The sudden surge in prices was short-lived, as doubts and uncertainties about LIBRA’s future quickly emerged. This led to a sharp decline in its value, leaving many investors with significant losses. Milei’s post, which was seen as a catalyst for the initial surge, has now come under scrutiny and has sparked a legal battle.
But the consequences of Milei’s post go beyond just financial losses. The controversy has also sparked a political debate, with some calling for stricter regulations on cryptocurrencies and others defending the freedom of speech. Milei, known for his outspoken views, is now facing backlash and potential legal action for his role in the LIBRA debacle.
The aftermath of Milei’s post has highlighted the volatile nature of the cryptocurrency market and the potential risks involved in investing in such assets. It serves as a cautionary tale for both investors and influencers, reminding us of the power and responsibility that comes with sharing opinions and information in the digital age.
In conclusion, Milei’s involvement with LIBRA has caused a ripple effect in the financial world, leaving investors with losses and the economist facing legal and political consequences. It serves as a reminder of the potential risks and consequences of the ever-evolving world of cryptocurrency.
Vitalik Buterin joins calls to free crypto advocate Roger Ver
After the recent victory in freeing Silk Road founder Ross Ulbricht, the cryptocurrency community has set its sights on another prominent figure – Roger Ver. Ver, also known as “Bitcoin Jesus,” has been a vocal advocate for Bitcoin and other cryptocurrencies for many years. However, his involvement in the early days of Bitcoin has also brought him under scrutiny and legal troubles.
Ver’s journey in the world of cryptocurrency began in 2011 when he discovered Bitcoin and quickly became one of its most ardent supporters. He was an early investor in the digital currency and used his platform to promote its adoption and potential. However, his involvement with the now-defunct exchange Mt. Gox and his support for Bitcoin Cash have made him a controversial figure in the community.
In 2014, Ver was arrested and charged with selling explosives on the dark web. He spent six months in prison before being released on bail. The charges were eventually dropped, but the incident left a stain on Ver’s reputation and raised questions about his involvement in illegal activities.
Despite these challenges, Ver has continued to be a vocal advocate for cryptocurrency and blockchain technology. He has invested in numerous projects and has been a key figure in the development of Bitcoin Cash. However, his legal troubles have not ended, and he is currently facing a lawsuit from the estate of Dave Kleiman, a computer scientist who was involved in the early days of Bitcoin.
Now, industry executives and supporters are rallying behind Ver, calling for his freedom and exoneration. They argue that his contributions to the cryptocurrency space far outweigh any mistakes he may have made in the past. With the success of the #FreeRoss campaign, there is hope that Ver’s case will also see a positive outcome.
As the cryptocurrency community continues to grow and evolve, it is important to stand together and support those who have been instrumental in its development. Roger Ver’s case is a reminder that even the most influential figures can face challenges, but with unity and determination, justice can prevail.
Web2 is failing vertical farms — they need DePIN to survive
Vertical farming can solve the global food crisis, but traditional funding models fail. Web3 and DePINs offer a lifeline, enabling transparency, traceability and scalable growth for this critical industry.
Bitcoin price risks correction to $72K as investor sentiment weakens
Investor sentiment towards Bitcoin has recently taken a dip, with levels dropping to a point not seen since 2022 when the cryptocurrency fell to $17,500. This is according to data from a leading crypto news source, which shows that investor confidence in Bitcoin has been on a downward trend in recent weeks.
The last time investor sentiment was this low was in the aftermath of Bitcoin’s sharp decline in 2022. At that time, the cryptocurrency market experienced a major correction, with Bitcoin’s price dropping to $17,500. This caused a significant panic among investors, leading to a decrease in sentiment towards the digital asset.
Now, in 2021, we are seeing a similar pattern emerge. Despite Bitcoin’s recent rally and reaching new all-time highs, investor sentiment has been steadily declining. This could be due to a number of factors, including the ongoing global pandemic and economic uncertainty, as well as increased regulatory scrutiny on the cryptocurrency market.
It’s important to note that investor sentiment is not always an accurate indicator of market performance. However, it does provide valuable insights into the overall sentiment and confidence of investors towards a particular asset. And in the case of Bitcoin, it seems that sentiment is currently on the decline.
But what does this mean for the future of Bitcoin? While it’s impossible to predict with certainty, some experts believe that this dip in sentiment could be a temporary blip and that Bitcoin’s long-term prospects remain strong. Others, however, caution that this could be a sign of a larger market correction to come.
Regardless of what the future holds, it’s clear that investor sentiment towards Bitcoin is currently at a low point. Whether this is a temporary dip or a sign of a larger trend remains to be seen. But one thing is for sure, the cryptocurrency market is always full of surprises and it’s important for investors to stay informed and make decisions based on their own research and risk tolerance.