Analysis

Developer Cindy Zimmerman and her mother Judy Katzman are among the cryptocurrency community’s most quietly prolific builders. After learning about bitcoin in 2011, Katzman worked for the early exchange BitInstant and Zimmerman moved to Panama in 2012 to work with Erik Voorhees and the other founders behind the crypto exchange Coinapult. Because Zimmerman earned part
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The IRS mistakenly classified in-game currencies as taxable for months. It removed this classification almost immediately after reports went live. This mistake hints at a dystopian future for in-game currencies. Imagine a world where not only your real-life purchases were taxed but also your in-game ones, like Fortnite’s V-bucks. We caught a little glimpse of
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The U.S. Commodity Futures Trading Commission (CFTC) is suing an alleged Ponzi scammer on claims he and his company raised half a million dollars for cryptocurrency investments, which instead went to personal uses. According to a press release, Breonna Clark, otherwise known as Eliot Clark or Alexander Pak, and his firm Venture Capital Investments Ltd.
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The Cardano blockchain’s lead development firm has established a new research center at the University of Wyoming (UW), after making a $500,000 donation in the ADA cryptocurrency. IOHK announced Friday that its new research and authentication center would form part of UW’s Blockchain Research and Development Lab and would promote the company’s academic approach to
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Judy Shelton, President Trump’s nominee to the Federal Reserve Board, told lawmakers that digitizing the U.S. dollar could help maintain the currency’s ascendancy in global commerce.  At her Senate confirmation hearing Thursday, Shelton said the U.S. needs fintech innovation to keep ahead of other countries.  “Yes, it is a dominant reserve currency but we can’t
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XRP, the native asset of San Francisco-based Ripple’s XRP Ledger, experienced a flash crash on Hong Kong-based derivatives exchange BitMEX on Thursday. At exactly 14:00 UTC, the price on the XRP/USD pair quickly plummeted from 33 cents to 13 cents, a 60 percent drop. During that minute, volume spiked to $6 million, according to BitMEX
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Federal Reserve Chairman Jerome Powell has given advocates of financial privacy a glimmer of hope – and hinted at how the U.S. might competitively position a future digitized dollar. In testimony before Congress this week, Powell was asked whether the Fed had any “visibility” into China’s progress developing a central bank digital currency (CBDC). “Yes,
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The Houston Astros have been found guilty of cheating baseball during the 2017 season. New York Yankees legend CC Sabathia says the Astros’ World Series title should be vacated. Former Blue Jays relief pitcher Mike Bolsinger is suing the organization amid claims that the illegal actions of the Astros negatively affected his career longevity. Once
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