Fadi Elsalameen is a political commentator on Arab-Israeli affairs and an adjunct senior fellow at the American Security Project. He’s a vocal critic of Mahmoud Abbas, the head of the Palestinian Authority, and he has received several death threats and survived an assassination attempt. Elsalameen believes that an important step in liberating Palestinians is monetary […]
The New York Times published a 1,700-word article Wednesday alleging that the cryptocurrency exchange Kraken had been roiled by an internal culture war, whipped up by CEO Jesse Powell and his penchant for inflammatory speech. Via Slack, the article said, Powell “challenged the use of preferred pronouns, debated who can use racial slurs and called […]
Bitcoin is now trading at $21,000, down about $47,000 since last November when it neared $68,000. Prominent companies like crypto exchange Coinbase, after hiring aggressively all year, have turned to layoffs. Aiming to cut about 18 percent of the work force, Coinbase is basically undoing the hiring gains it made this year. Those laid off […]
Bitcoin is trading under $23,000 as I write this, which means the value of the world’s biggest cryptocurrency has lost about $45,000 per coin since last November, when it was at about $68,000. Though the recent slide in the price of bitcoin has sent many speculators scrambling back to fiat currency, it’s done nothing to cool […]
Big governments have many reasons to oppose sovereign monetary technologies like bitcoin. The existence of a permissionless money network provides escape hatches for these states’ many levers of centralized control. It is not surprising that they try to throw the regulatory book at cryptocurrencies from any possible angle. The state of New York is a […]
Can bitcoin really become the world’s reserve currency if it doesn’t displace the dollar, the euro, or the yuan as an everyday medium of exchange? Why isn’t its price increasing as inflation rises to levels not seen in 40 years? What sorts of regulations—if any—would best facilitate the wide-scale adoption of bitcoin not just among […]