I caused quite a debate on twitter over the weekend when sharing the supposed fact that one bitcoin transaction uses the same amount of energy as a US household uses over a month. ONE Bitcoin transaction uses the same amount of energy as a US household uses over a monthhttps://t.co/1z5HgzRLRo — Chris Skinner (@Chris_Skinner) June…
FedNow is launching in July, as mentioned in March. Interestingly, there has been a huge debate about this as Robert F. Kennedy (RFK) Junior tweeted: The Fed just announced it will introduce its “FedNow” Central Bank Digital Currency (CBDC) in July. CBDCs grease the slippery slope to financial slavery and political tyranny. While cash transactions are…
In this discussion of centralised versus decentralised, the delineation of physical versus digital assets becomes interesting. For example, is it better to have a Picasso painting on your wall at home or an NFT (non-fungible token) of a Picasso picture? It’s an interesting discussion as, when you have the physical asset, you know that you…
A month ago, I discussed the American Security and Exchange Commission’s (SEC) case against Ripple, who are accused of trading securities with the question: are cryptocurrencies securities? Since then, the SEC has issued warrants against Binance and Coinbase, and seem to be in full flow to stand up against the crypto trading industry and bring…
I often quote Bob Diamond, the former CEO of Barclays Bank, who states: “I can’t think of anyone who doesn’t believe that in the future a digital version of the dollar for institutional and corporate use isn’t going to happen and be far more efficient.” Bob is now a founder of Atlas Capital, and also…
There is a huge debate around whether cryptocurrencies are securities or not. Should they be regulated by the Securities and Exchange Commission (SEC) or not? This has come to a head recently, as the SEC decided to tackle Ripple and Coinbase as deviants. Ripple Effects From SEC Suit Could Strengthen Coinbase Litigation Ripple v. SEC:…
It’s interesting how countries and regions are responding to all of the interest in cryptocurrencies. The European Union is the latest to make a move with DAC8. What’s DAC8? It is the new eighth directive on administrative cooperation. That’s fun, isn’t it? The new Directive is all about tax transparency rules for any platform or…
It’s interesting how countries and regions are responding to all of the interest in cryptocurrencies. The European Union is the latest to make a move with DAC8. What’s DAC8? Well, it stands for Directive on Administrative Co-operation. The European Commission has proposed new tax transparency rules for all service providers facilitating transactions in crypto-assets for…
With the wake up and shake up talk hitting the radar every day about AI, it should make all of us wake up and shake up when the person who founded OpenAI, the foundation of ChatGPT, launches a currency. The currency is called Worldcoin, and uses eye biometrics to operate and recognise identities. According to their…
After my blog the other day, about the issue with decentralised finance having a lack of governance – who do you call if you lose your bitcoin? – several readers responded by asking: who do you call if you lose your cash? But this is the point. People are using cryptocurrencies as an investment asset….
