JMP Securities Sees Crypto Entering the Mainstream, Says Adoption Has Hit Escape Velocity

Investment banking and asset management firm JMP Securities says that “The crypto economy is entering the mainstream,” emphasizing that crypto “adoption and early use cases have established ‘escape velocity.” However, the firm’s analysts noted that “the industry is still in its formative stage.” ‘The Crypto Economy Is Entering the Mainstream’ JMP Securities recently published a research note that discusses cryptocurrency adoption. Noting that “The crypto economy is entering the mainstream,” the analysts wrote: The crypto market has come a long way in its short existence, and we believe both adoption…

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US Senator Lummis Thanks God for Bitcoin as Congress Discusses Raising Debt Ceiling

U.S. Senator Cynthia Lummis said, “Thank God for bitcoin,” during her speech to the Senate about raising the U.S. debt limit. “Bitcoin is not issued by a government, so it is not beholding to the debts that are run up by governments,” she explained. US Senator to Congress: ‘Thank God for Bitcoin’ Senator Cynthia Lummis praised bitcoin during her speech on the Senate floor last week about raising the U.S. debt limit. The senator has been a bitcoin hodler since 2013 and has repeatedly stated that bitcoin is a great…

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Bitcoin’s Unprecedented Liquidity Can Explain Its Price Volatility

As the world’s most liquid asset, bitcoin’s price volatility in times of economic crisis likely reflects its independence, not lack of faith. In March 2020, major stock market indexes saw some of the worst price collapses in decades, as markets confronted the realities of the COVID-19 pandemic. Bitcoin was no exception to these economic strains. Having traded as high as $10,000 in mid-February 2020, bitcoin’s price collapsed to below $4,000 by mid-March, including a 30% drop in a day. Fear caused a flight to cash in across the board, from…

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Mark Cuban Won’t Invest in Bitcoin ETF, Prefers to Buy BTC Directly

The owner of the NBA team Dallas Mavericks, Mark Cuban, has said “no” to investing in bitcoin-based exchange-traded funds (ETFs), one of which could start trading next week in the U.S. The Shark Tank star does not see a reason for him to invest in a bitcoin ETF, emphasizing that he can buy the cryptocurrency directly. Mark Cuban Says No to Bitcoin ETF The Shark Tank star and owner of the NBA team Dallas Mavericks, Mark Cuban, has shared his thoughts on the heavily hyped bitcoin exchange-traded funds (ETFs). While…

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Michael Saylor Bitcoin Interview: The Center Cannot Hold

Michael Saylor Interview on The Center Cannot Hold, a show from Bitcoin Magazine podcast. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn RSS In this Bitcoin Magazine Interview with host Alex McShane, MicroStrategy Founder and CEO Michael Saylor discusses initially buying Bitcoin for his firm, number go up mentality vs. Bitcoin maximalism, Bitcoin as digital property, Bitcoin as energy, the human right to property, the predator-prey dynamics of Bitcoin, and his bullish future outlook.  Show Transcript

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Economics Professor Warns ‘Cryptocurrencies May Contribute to Monetary and Financial Instability’

Cornell University’s professor of economics and former head of the IMF’s China division, Eswar Prasad, has warned that “Cryptocurrencies may contribute to monetary and financial instability.” He added that the risk is amplified if the industry is unregulated and lacks investor protection. Economist Sees Crypto Posing Risks to Financial Stability Eswar Prasad, the Nandlal P. Tolani Senior Professor of Trade Policy and professor of economics at the Charles H. Dyson School of Applied Economics and Management at Cornell University, shared his view on cryptocurrency in an interview with CNBC, published…

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The Pandora Papers Reveal What Bitcoiners Already Know

The revelations are simply confirmation for a group that has studied the economic injustices of today intently. The shocking, or not shocking, revelations given by the International Consortium of Investigative Journalists, known as the Pandora Papers, has revealed the truth in what Bitcoiners have been saying for years: The current system is broken. Over 600 journalists, from 100 countries and an equal number of news outlets, came together for two years to deliver information on the financial secrets of the powerful. As the subtitle reads: “the Pandora Papers reveal the…

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Could Advanced Quantum Computing Pose A Risk To Bitcoin Security?

Rapid progress in quantum computing could pose a risk to certain types of bitcoin transactions. So how can we combat this risk? Rapid progress in quantum computing is predicted by some to have crucial ramifications in domains using public-key cryptography, such as the Bitcoin ecosystem. Bitcoin’s “asymmetric cryptography” is based on the principle of “one-way function,” implying that a public key can be easily derived from its corresponding private key but not vice versa. This is because classical algorithms require an astronomical amount of time to perform such computations and…

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Jack Dorsey Says Square Is Considering Building a ‘Bitcoin Mining System Based on Custom Silicon’

Following the latest report from Cambridge University that shows a large percentage of the Bitcoin network’s hashrate resides in the United States, the CEO of Twitter and Square, Jack Dorsey, has announced that Square is considering building a “bitcoin mining system based on custom silicon.” Square Considers Building a Mining System On the same day the CFTC fined Tether Limited and Bitfinex, and the filings that give the impression that the U.S. Securities and Exchange Commission (SEC) approved the Proshares Trust bitcoin futures ETF, Twitter CEO Jack Dorsey said Square…

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A Grayscale Bitcoin Spot ETF Could Be Right Around The Corner

We may see a physically-settled, spot Bitcoin ETF on the market sooner than later, as Grayscale announces intention to file early next week. We could have the first spot Bitcoin ETF on the market near the end of this year, as Grayscale intends to file for SEC approval for its product by “early next week,” according to CNBC. The official Grayscale filing will kick off a 75-day review period for the SEC to either approve or deny the proposed spot Bitcoin ETF, a first of its kind, physically-settled, bitcoin financial product.…

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