Meine Leute glauben nicht an Bitcoin Gemini

Laut den Beratern von Charles Barkley sollten sich Anleger von Bitcoin, Ethereum und anderen Kryptowährungen fernhalten.

NBA-Legende Charles Barkley sagte, dass seine Finanzberater nicht empfehlen, sich mit Kryptowährungen zu beschäftigen. Er gab jedoch nicht an, warum sie eine so negative Meinung über digitale Vermögenswerte haben.

Barkleys Berater sagen Nein zu Bitcoin Gemini

In einem kürzlich geführten Interview für CNBC verriet der ehemalige Profi-Basketballspieler Charles Barkley, dass die Leute, die seine Finanzgeschäfte leiten, nicht scharf auf Bitcoin Gemini sind. Wie er sagte, bestand einer der Berater sogar darauf, gefeuert zu werden, wenn er jemals den Handel mit digitalen Vermögenswerten empfiehlt:

“Meine Leute glauben nicht an Krypto. Ich habe ein paar Finanzleute. Einer von ihnen sagte: ‘Wenn ich Ihnen jemals Krypto empfehle, sollten Sie mich auf der Stelle feuern.'”

Der 58-jährige Amerikaner, der zu einem der 50 größten Spieler in der Geschichte der NBA ernannt wurde, erklärte nicht, warum die Analysten digitale Vermögenswerte als No-go-Area betrachten. Dennoch stimmte er zu, dass Bitcoin, Ethereum und andere virtuelle Währungen weltweit an Popularität gewinnen:

“Und hören Sie, ich weiß, dass [Krypto] überall in aller Munde ist, um ehrlich zu sein, aber meine Leute glauben nicht an [sie].”

Charles Barkley, auch bekannt als “Sir Charles”, meinte, dass man sich nicht auf neue Möglichkeiten stürzen sollte. Er verriet, dass die wichtigste Lektion in Sachen Geld, die er in seiner 13-jährigen Basketball-Karriere gelernt hat, darin besteht, “zu lernen, nein zu sagen und sich nicht schlecht dabei zu fühlen”.

Andere Sportler lieben digitale Assets

Während die Basketball-Legende digitalen Vermögenswerten eher ablehnend gegenübersteht, haben zahlreiche Spieler und Teams in den USA in den letzten Monaten ihre Unterstützung für Bitcoin und einige Altcoins gezeigt.

So teilte der NBA-Gigant, die Sacramento Kings, Anfang April mit, dass alle Mitglieder der Organisation bald ihre Gehälter in BTC statt in Dollar erhalten könnten. Der CEO, Vorsitzende und Gouverneur des Teams – Vivek Ranadivé – erklärte dazu:

“Ich werde in den nächsten Tagen ankündigen, dass ich jedem in der Kings-Organisation anbieten werde, so viel von seinem Gehalt in Bitcoin zu bekommen, wie er möchte, einschließlich der Spieler.”

Auch die National Football League hat ihre Kryptowährungsbefürworter. Ende Juni beteiligte sich der legendäre Quarterback Tom Brady zusammen mit seiner Frau Gisele Bündchen an FTX als Teil einer langfristigen Partnerschaft. Infolgedessen wird das Paar einige Zahlungen in virtuellen Vermögenswerten erhalten.

Der aufstrebende Star des amerikanischen Fußballs – Saquon Barkley – hob seinerseits Bitcoin als die richtige Wahl als Wertaufbewahrungsmittel hervor, insbesondere wenn die Inflation die Wirtschaft zu erschüttern beginnt. Er gelobte sogar, alle seine zukünftigen Werbegelder ausschließlich in der primären Kryptowährung zu erhalten.

Dopo aver superato i 100 miliardi di TVL, la DeFi è ora l’equivalente di una delle prime 40 banche statunitensi

È una lunga strada per raggiungere il primo posto, ma alcuni giocatori dell’ecosistema pensano che alla fine ci arriveremo.

Secondo il tracker dell’ecosistema di finanza decentralizzata (DeFi) DeFiLlama, questa mattina presto l’ecosistema DeFi ha violato per la prima volta un valore totale di $ 100 miliardi bloccato, aumentando del 7% dai $ 94,7 miliardi di ieri a $ 101,33 miliardi al momento della pubblicazione

A parte la nona cifra psicologicamente significativa, la cifra è notevole sia per la velocità con cui è stata raggiunta (l’ecosistema si attestava a $ 20,74 miliardi in totale il 1 ° gennaio 2021) sia per l’enorme quantità di attività rappresentata dal verticale finanziario emergente.

Secondo Wikipedia , a $ 100 miliardi, TVL DeFi è ora l’equivalente della quarantesima più grande banca americana, compresa tra i $ 97 miliardi di asset della Silicon Valley Bank e $ 103 miliardi di BBVA USA. Alcuni nomi degni di nota che dovrebbero essere lasciati nella sporcizia nei prossimi mesi includono Deutsche Bank, al numero 38 con $ 119 miliardi, e Credit Suisse al # 35 con $ 124 miliardi.

Per diventare l’equivalente della più grande banca americana, la DeFi dovrebbe superare i 3,2 trilioni di dollari di JP Morgan , e poi i 4,3 trilioni di dollari della Banca industriale e commerciale della Cina per diventare la più grande del mondo.

I protocolli DeFi sulla blockchain di Ethereum contribuiscono in modo schiacciante alla maggior parte dei 101,33 miliardi di dollari di DeFi. I primi 20 protocolli di TVL rappresentano $ 82,33 miliardi, e 14 di questi sono nativi di Ethereum con un TVL aggregato di $ 66,42 miliardi.

Binance Smart Chain, concorrente di Ethereum, conta 4 protocolli tra i primi 20 con 14,53 miliardi di dollari in TVL, mentre la piattaforma di risorse sintetiche Mirror di Terra contribuisce con 1,77 miliardi di dollari e Autofarm multi-chain completa i primi 20 con 1,48 miliardi di dollari.

Quando è stato raggiunto per un commento sul risultato, Chris Spadafora di BadgerDAO ha affermato che cento miliardi sono solo il primo passo di un’espansione molto più ampia all’orizzonte.

“Questo è solo l’inizio per DeFi e entro questo periodo il prossimo anno sarà 20 volte l’attuale TVL”, ha detto

Allo stesso modo, il degenspartan di eGirl Capital (ortografia e punteggiatura proprie) ha invocato Elon Musk mentre rifletteva sulla pietra miliare .

“In retrospettiva, era inevitabile.”

Ethereum (ETH) schießt auf neues Allzeithoch trotz Apathie im Bitcoin-Preis

Ethereum ist gerade auf ein neues Allzeithoch gestiegen, trotz der Apathie im Bitcoin-Preis, der am Sonntagmorgen in Richtung $30.000 fiel.

Der Preis von ETH ist bis 15 Prozent in den letzten 24 Stunden, so dass es eine der Top-Performance Krypto-Assets in den Top 100 nach Marktkapitalisierung, nach CryptoSlate Marktdaten.

Bitcoin ist flach, wie bereits angedeutet. Die Kryptowährung ist in der letzten Woche in eine Konsolidierungsphase eingetreten, in der sie bis auf 30.000 $ fiel und dann wieder in Richtung 33.000 $ zurücksprang, als dieser Artikel geschrieben wurde.

Gemeinschaft reagiert

Die Community ist aufgeregt über diese Errungenschaft.

Jeremy Allaire von Circle kommentierte, dass mit dem neuen Allzeithoch von Ethereum die “gesamte” dezentrale Finanzlandschaft in den kommenden Monaten und Jahren ein “explosives Wachstum” erleben wird.

Alex Wice, ein prominenter FTX-Händler, der allein in einem einzigen Monat ein Volumen von über einer Milliarde Dollar abgewickelt hat, postete kürzlich einen Tweet: “54% 0.1.” Während dies wie zwei zufällige Zahlen aussehen mag, ist dies ein Hinweis darauf, dass Wice denkt, dass die Bitcoin-Dominanz von 62 Prozent im Moment 54 Prozent erreichen könnte, zusammen mit einem Verhältnis von 0,1 ETH zu BTC, was etwa 125 Prozent höher ist als das aktuelle Niveau.

Während Bitcoin Dominanz um acht Prozent fallen klingt nicht wie ein großes Kunststück, es würde eine massive Re-Rating in bestimmten altcoins verursachen, die extrem kleine Marktkapitalisierungen im Vergleich zu BTC haben.

Ethereum-Stärke könnte weiteres Altcoin-Wachstum katalysieren

Chris Burniske, ein Partner bei Placeholder Capital, glaubt, dass eine weitere Stärke des Ethereum-Kurses im Vergleich zu Bitcoin den Altcoin-Markt ernsthaft nach oben treiben könnte.

Er teilte vor kurzem den untenstehenden Chart, der zeigt, dass Ethereum im Vergleich zu BTC das Blaue vom Himmel will, da es über ein kritisches Widerstandsniveau steigen will, was darauf hindeuten könnte, dass ein massives Wachstum für den größten Altcoin am Horizont steht:

“Ich bekomme ein Déjà-vu vom März 2017, als sich alle Energie von $BTC (damals ETF) zu $ETH verlagerte. Das ist die ganz linke gelbe Markierung, mit der rechten gelben Markierung Jan 2021. Wenn $ETH beschließt, sich in einem Monat gegen $BTC zu bewegen, bewegt es sich wirklich.”

Diejenigen, die erwarten, dass $ETH gegen $BTC stößt, sollten stattdessen beobachten, wie $ETHBTC ins Blaue drängt.

Wir haben dies bereits gesehen, als Altcoins in den letzten 24 Stunden nach oben explodiert sind.

Uniswap, 1inch, Aave, unter einer Schwade von anderen DeFi-Münzen haben über 20 Prozent höher in den letzten 24 Stunden als die dezentralen Finanzen Raum neu bewertet gegen andere altcoin Sektoren und gegen Bitcoin am wichtigsten.

Morgan Stanley Bank (indirectly) buys Bitcoin (BTC)

Morgan Stanley increases its stake in MicroStrategy by 450%. This American company listed on NASDAQ is known to hold 70,400 BTC in its treasury. The famous investment bank is thus indirectly exposed to Bitcoin Lifestyle.

11% MicroStrategy

Morgan Stanley , the 5th largest bank in the United States, has decided to triple its stake in the capital of MicroStrategy .

On December 31, Morgan Stanley filed a form with the U.S. Financial Constable to report the transaction. The investment bank acquired 792,627 shares of MicroStrategy for a total stake of 10.9% .

MicroStrategy is an American company listed on NASDAQ known for having converted part of its cash into bitcoin. Thus, the company bought 21,454 BTC in August, 16,796 BTC in September and finally 32,220 BTC in December.

Thus, MicroStrategy holds a total of 70,470 BTC for a value of 2.8 billion dollars at the current price. The company had communicated:

“This investment reflects our belief that Bitcoin is a reliable store of value and an attractive asset with greater potential for long-term appreciation than holding cash. ”

In recent months, Michael Saylor , CEO of MicroStrategy has even multiplied statements in favor of Bitcoin in the media and on Twitter. A commitment that does not seem to bother the American bank.

Indirect exposure to Bitcoin

The share price of the company MicroStrategy has experienced impressive last month saw its shares move from $ 289 to $ 545 over the period of December 8, 2020 January 8, 2021.

The price has even climbed 330% since the company bought its first bitcoin on August 11, 2020 , from $ 123 to $ 545.

Given that MicroStrategy’s shares largely follow the price of BTC, it is likely that Morgan Stanley is looking to gain exposure to Bitcoin without directly owning it.

Another American bank did not have the same analysis. In December, Citbank downgraded MircroStrategy’s stock rating from “neutral” to “short” because of its “disproportionate” exposure to BTC.

BitGo lance le Wrapped Bitcoin (wBTC) and Ether (wETH) on the blockchain Tron

BitGo announced the launch of “Wrapped Bitcoin” (wBTC) and “Wrapped Ether” (wETH) on the Tron blockchain. This is a way for Justin Sun’s project to continue integrating the DeFi sector.

Wrapped Bitcoin and Ether land on Tron

The Tron Foundation announced the news in a press release yesterday . The Wrapped Bitcoin (WBTC) and Wrapped Ether (Weth) are launched as TRC-20, which are the equivalents of ERC-20 for blockchain Tron. BitGo customers have already started producing (” mint” ) wBTC and wETH on the Tron blockchain.

Join the DeFi sector

The maneuver is of course used to create a bridge between the DeFi sector , which uses “Wrapped” tokens a lot, and the Tron blockchain. The wBTCs represent a considerable weight for decentralized finance: they are the first asset in the sector in terms of capitalization, according to data from DeFiMarketCap . Today, they weigh 3.6 billion dollars and allow the use of Bitcoin with various DeFi protocols.

Tron’s ambition was confirmed by Justin Sun, the creator of the project:

“This is the start of a new era where the growing TRON community can finally begin to appreciate the unlimited potential of DeFi . ”

Sun also recalled that Tron has its own DeFi services, such as JustLink and JustSwap . BitGo CTO Chen Fang also praised this development:

“We are proud to contribute to the growth of the ecosystem through case unique uses and far in exploring. “

Por qué una victoria de la “Ola Azul” en la política de los EE.UU. es alcista para Bitcoin

Bitcoin bull y el CEO de Morgan Creek, Mark Yusko, advirtieron que el control demócrata del Senado, el Congreso y la Presidencia podría causar estragos en los mercados financieros.

Llaves para llevar

  • “Nunca ha sido bueno para los mercados que un partido lo controle todo”, dice Yusko.
  • Yusko describe cómo la corrupción en ambos partidos erosiona los controles y equilibrios en la política.
  • Los comentarios del CEO destacan la importancia de las próximas elecciones para el Senado de Georgia.

Mark Yusko es el CEO de Morgan Creek Capital Management, una firma de capital riesgo que ha invertido más de 100 millones de dólares en el ecosistema criptográfico.

Yusko es optimista con respecto a Bitcoin, describiendo recientemente a Bitcoin como un activo de ahorro en lugar de un activo consumible como el fiat.

Implicaciones de la Ola Azul

El hecho de que Bitcoin sea largo también significa que Yusko tiene algunas opiniones fuertes sobre las economías controladas por el gobierno.

Deploró las políticas de flexibilización monetaria que los bancos mundiales pusieron en marcha durante la pandemia, aumentando enormemente el suministro de dinero e hiperinflando los activos como las acciones.

También se pronunció en contra de la política corrupta estadounidense, señalando un posible desastre en los mercados.

“No creo que sea el presidente lo que realmente importa”, dijo Yusko, afirmando que el Congreso representa una mayor amenaza para la estabilidad económica. Igualmente, el dominio del Senado, el Congreso y la Presidencia por el partido demócrata podría suponer una amenaza para la estabilidad económica.

“Si conseguimos una ola azul total, los próximos dos años podrían ser desagradables”, dice Yusko. “Nunca ha sido bueno para los mercados que un partido lo controle todo.”

Yusko cree que sin oposición, el partido demócrata estará más incentivado a permanecer en el poder que a tomar decisiones políticas sensatas. Aclaró que no necesariamente apoyaba a ninguno de los dos partidos, desestimando la política partidista por completo.

Bitcoin no es partidario

“No hay derecha ni izquierda. Hay dentro o fuera”, dice Yusko, refiriéndose a los políticos que buscan estar en el poder. Yusko declaró que los controles y equilibrios originalmente construidos en el sistema político de los EE.UU. habían sido socavados por el cabildeo corporativo.

“Ellos tienen esta cosa llamada el índice de cabildeo”, dijo Yusko.” Las compañías que pagan más en cabildeo cada año superan a todas las otras compañías. De nuevo, eso es corrupción.”

Los comentarios de Yusko resaltan la importancia de la segunda vuelta de las elecciones al Senado de Georgia en enero.

El GOP y los Demócratas tienen actualmente un número par de escaños en el Senado. Con dos escaños en el Senado en juego en Georgia, las elecciones de enero podrían inclinar la balanza del poder hacia el partido republicano o el demócrata, ya que el Senado está ahora dividido por igual.

Como el economista y analista de Bitcoin Alex Krüger señaló recientemente a Crypto Briefing, una victoria demócrata en Georgia podría inflar el dólar y dar lugar a una mayor relajación monetaria que una victoria republicana.

Sin embargo, Krüger también dijo que la inflación llevaría a los operadores a buscar coberturas y refugios como Bitcoin.

Mientras que la llamada Ola Azul probablemente perjudique a la economía americana en general, un aumento de la inflación podría terminar siendo extremadamente alcista para Bitcoin.

I’d Be A Billionaire Now’ – Vroege Bitcoiner betreurt de verkoop van 50.000 Bitcoins voor 2012

De prijs van de bitcoin is onlangs gestegen tot boven de 23.000 dollar na het moeiteloos wegnemen van het psychologisch belangrijke niveau van 20.000 dollar. De recente opleving betekent dat de holdings van MicroStrategy in waarde verdubbeld zijn sinds het business intelligence bedrijf miljoenen investeerde in de cryptocurrency in september, toen het vlaggenschip van de cryptocurrency nog sub $11.000 schommelde.

Maar niet elke grote belegger heeft zich als een bandiet gedistantieerd.

In een reeks tweets op vrijdag onthulde Martti Malmi, een vroege bitcoin-investeerder, onlangs dat hij meer dan acht jaar geleden 50.000 bitcoins verkocht en in wezen meer dan $1 miljard aan winst heeft gemist. Malmi, die ook een pionier is in het ontwikkelen van bitcoins, heeft in de periode tussen 2009 en 2010 de BTC op zijn persoonlijke laptop ontgonnen en voor 2012 verkocht. Tegen de huidige prijzen zou hetzelfde bedrag vandaag 1,1 miljard dollar waard zijn.

Malmi heeft zijn mammoet BTC-cache echter niet voor niets geliquideerd. Hij kon zijn “saaie” baan als junior softwareontwikkelaar opgeven en enkele maanden naar Japan verhuizen om de Japanse taal te studeren. Terwijl hij in Japan was, bezocht hij het kantoor van Mt. Gox crypto exchange ver voordat het de beruchte hack kreeg.

Malmi verkocht meer dan 10.000 BTC in 2011 toen de wisselkoers voor de cryptocurrency de $15-$30 range bereikte en gebruikte de opbrengst voor de aankoop van een mooi studioappartement in Helsinki op slechts 22 jarige leeftijd.

Als hij echter nooit zijn oude bitcoin had verkocht, had hij zoveel meer kunnen hebben. De vroege bitcoin-ontwikkelaar betreurt het, maar hij gelooft dat “we met de vroege Bitcoiners iets groter dan persoonlijk gewin in gang hebben gezet”.

In oktober 2011 bood hij een 1000 BTC-prijs aan aan iedereen die een groot bedrijf zou krijgen om bitcoin te accepteren. Deze premie werd niet opgeëist en hij besloot toen de rest van zijn bitcoinebedrijven aan HODL te geven. Helaas werd hij gedwongen om het grootste deel van zijn BTC te verkopen tegen een pijnlijk laag tarief van $5 per stuk in 2012, toen hij op jacht ging naar een nieuwe baan.

Hoewel hij de tien cijfers van de winst miste, houdt Malmi nog steeds een deel van zijn spaargeld in bitcoin tot nu toe. “Dat is niet veel, maar toch mooie winsten door de jaren heen. Gelukkig met de recente ontwikkeling”, voegde hij eraan toe.

Malmi heeft geleerd dat, hoewel geld belangrijk is, “je niet rijk hoeft te zijn om een perfect goed leven te leiden”, omdat het vooral om de basisdingen gaat. Belangrijker nog, hij is blij met zijn grotere bijdrage aan de bitcoin ruimte. “Je leeft niet eeuwig. Iets groters dan jezelf nastreven brengt betekenis in het leven”, vat hij samen.

Ethereum breaks 650 US Dollar barrier

Ethereum breaks through US$650 mark: CME announces ETH futures

The Chicago Mercantile Exchange (CME) announced yesterday that it will list Ethereum (ETH) futures due to overwhelming customer demand. ETH then experienced Bitcoin Circuit a massive price explosion, battling its way above the US$640 mark – will the second largest cryptocurrency soon be above US$1,000?

The CME is the largest futures exchange in the world and announced on 16 December that it intends to launch ETH futures from 8 February 2021. The Ether futures will be listed on the CME and are subject to the rules there. This is a bullish signal, as it shows the growing maturity of the market. Institutions and other large investors are opening new gates to invest in the world’s second largest cryptocurrency.

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Following the announcement, the ETH price shot up by more than 10 percent in the last 24 hours. As a result, it reached a new high for the year at 650.11 US dollars at the time of going to press.

Ether price Ethereum price

CME Group Global Head of Equity Index and Alternative Investment Products, Tim McCourt, had this to say about the launch:

Given the tremendous client demand and robust growth in our bitcoin futures and options markets, we believe the addition of Ethereum futures will please our clients. Ether is the second largest cryptocurrency in the world and our ETH futures contract will help institutional investors better hedge against price volatility.

The CME believes that institutional investors’ interest in cryptocurrencies has increased dramatically in recent months. In this context, the company emphasises above all the new record values in the bitcoin options market.

Can ETH 2.0 keep its promise?

Ethereum launched phase 0 of the ETH 2.0 update only a few weeks ago. Already, many investors are wondering when the upgrade, which is supposed to solve the scaling problem of the cryptocurrency, will be fully rolled out.

In the past, relevant updates to ETH were regularly delayed. Often, the planned and actual release dates were at least a year apart. For example, Phase 0 was supposed to launch as early as May 2019.

For this reason, it is difficult to predict when exactly the Eth2 blockchain will be fully implemented. Many experts in the crypto space – not least Ethereum founder Vitalik Buterin – assume that a complete rollout is not to be expected for several years.

Nevertheless, according to his ETH 2.0 roadmap published on Twitter, Buterin is convinced that other Layer2 solutions, such as Optimistic Rollups, will enable Ethereum to scale sooner.
When will the new all-time high come?

With the current momentum, it could well be that Ethereum breaks through the US$1,000 mark in 2021. Especially the easier access for institutional investors via the CME should be able to boost ETH-Kus further. In the coming months, it can be expected that, similar to Bitcoin, more and more institutions will also discover Ether for themselves.

Why PornHub could use Bitcoin as Wikileaks, Venezuela and Iran have done

MasterCard and Visa, and soon perhaps PayPal, have severed their commercial relationships with PornHub: as always, in these cases the solution is Bitcoin

Nicholas Kristof is a journalist for the New York Times who in recent days has brought to light a huge scandal that, although it seems obvious, it is not clear why it did not come out sooner. The question he asked himself is: who verifies the consent of the people filmed in the porn videos that are posted on PornHub, one of the most well-known and used platforms in the industry? The answer, evidently, is “no one.” And if no one checks the consent of the people involved, then no one checks that they are actually of age and not underage and, above all, that they are not victims of rape or sexual abuse.

The NY Times has discovered that many of the searches carried out on this platform are precisely on “videos with minors” and Nicholas, with his report “The Children of PornHub”, was able to track down people who reported having been abused by children in the videos that were then uploaded on the platform. The investigation in a few hours went viral. Initially, the company PornHub decides to reject the accusations in toto thinking to be able to put out the fire of straw, but you know this is the era of hyperconnection, the news run faster than the flames. By now the story has been taken up by newspapers all over the world: Mindgeek, the holding company that owns the PornHub platform, decides to take a step back, apologize, urgently modify the authentication and video uploading policies, suspend downloads and open an internal investigation.

Too late. MasterCard and Visa decided to seize the ball, interrupt all working relationships with the platform and (rightly…) publicly condemn PornHub’s negligence and responsibility in this scandal. PayPal, the fourth uncomfortable that can not always play the part of cynic, is deciding in these days to follow its two competitors and abandon the platform. All right, you say. Almost. Warning, far be it from me to justify such an abominable behavior. On the contrary, I hope that every single person responsible for having committed those abuses will be arrested and rot in jail and with it I hope they rot in jail even those who have uploaded those videos on the site, those who have accepted and published them without controlling them, those who have searched, downloaded, shared and seen them and, above all, hundreds of thousands of unsuspecting people who between a search and another have seen these videos without reporting them, taking them almost for granted (it is no coincidence that Dante dedicates an internal circle of Hell to them, they deserve it).

However, this medal also has another side. Yes, because everything I have written above is my opinion, very personal, and it must remain so. I am not authorized to condemn before a trial or to decide, instead of a judge, what is right or wrong. I can do so, but only morally. Instead, a few hours ago, those who control the largest payment circuits in the world decided to put an end with a click to the possibility for millions of people (even honest ones) to pay and use services (mostly legal) by a private company (not yet condemned). This, too, is abominable. And it affects 3.5 billion people. Because so many are the users of the PornHub platform who are now prevented from using “their” money as they wish.

And it’s been happening all too often lately, hasn’t it?

Do you know on what other occasions it has happened? In 2011 a man named Julian Assange made viral all over the world a free and independent platform able to expose secrets, scandals, crimes and abuses committed around the world by government entities. Also in that case Mastercard, Visa and PayPal decided to suspend payments to millions of free citizens who until that moment really believed that the money they had in the bank was really their property. Well, Assange found himself forced to urgently search for a new payment system that was truly free, independent and decentralized and found the perfect solution in Bitcoin, at the time almost unknown. It was June 14, 2011, the value of a bitcoin was about 15€. “The eye of the storm” and the media resonance that Wikileaks gave to Bitcoin in those years certainly contributed to its discovery and diffusion.

 

MPs speak out against “wallet ban” by the US Treasury

A possible ban on crypto wallets could have serious consequences, as some US parliamentarians fear.

Several US Congressmen have spoken out against an allegedly planned regulation by the US Treasury Department that would severely restrict self-managed crypto wallets

In a corresponding letter to US Treasury Secretary Mnuchin, the four members of the parliamentary Bitcoin Revolution group on December 9th demand the disclosure of more precise details about the ” possible ban “.

MEPs Warren Davidson, Tom Emmer, Ted Budd and Scott Perry fear in their letter that such regulation:

“Could prevent American market leadership and important involvement in a technological innovation that affects the entire global financial system.”

Compared to Cointelegraph, Davidson says that any plans by the Treasury Department are potentially more dangerous than the so-called ” STABLE Act “, a draft law that should in turn create stricter requirements for the operators of stablecoins. Because as the MP from the state of Ohio explains, the Treasury Secretary would have the necessary political power to enforce such a wallet ban by law without first having to obtain a parliamentary majority.

Davidson considers this to be a mistake, however:

“The big problem is that self-managed wallets are required for all kinds of blockchain applications. The ability to move a crypto token without an intermediary is one of the fundamental properties of blockchain. One of the reasons blockchain has become so popular and growing as a technology is the ability to act peer-to-peer. This is a cornerstone of blockchain technology. ”
In addition, in their letter, Congressmen argue that crypto-technology could rather help law enforcement agencies track down illegal transactions:

“Such a regulation could undermine the Treasury Department’s efforts to stop financial crime, both in terms of the traditional financial system and the crypto industry.”