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Join the Securities Litigation and Enforcement Group on LinkedInSEC Chairman Shares Thoughts On Bitcoin – Bitcoin Magazine
“It’s a digital, scarce store of value, but highly volatile,” Gensler told CNBC. “And there’s investors that want to trade that, and trade that for its volatility, in some cases just because it is lower correlation with other markets. I think that we need greater investor protection there.” According to Gensler, such investor protection would […]
Elon Musk says Tesla now accepts bitcoin as a payment method
Tesla’s founder and CEO Elon Musk has said the electronic car maker now accepts bitcoin as a payment method. Musk said in a tweet early Wednesday UTC time that “You can now buy a Tesla with Bitcoin.” Source: Elon Musk says Tesla now accepts bitcoin as a payment method
NYDIG Files For Bitcoin ETF Approval | Nasdaq
Bitcoin-focused financial services firm New York Digital Investment Group (NYDIG) filed for approval to offer a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC) today. Source: NYDIG Files For Bitcoin ETF Approval | Nasdaq
Tesla buys $1.5 billion in bitcoin and plans to start accepting it as payment for products
Tesla announced Monday that it bought $1.5 billion worth of bitcoin, according to a filing with the SEC. The company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash,” according to the filing. In addition to the purchase, Tesla said it would start accepting payments in bitcoin […]
Bitcoin Deemed ‘Money’ Under D.C. Financial Services Law (2)
The virtual currency known as Bitcoin is a form of “money” covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday. The court declined to dismiss criminal charges against Larry Dean Harmon, the operator of an underground Bitcoin trading platform, for running an unlicensed money transmitting business under D.C. law and for […]
Facebook executive David Marcus says Bitcoin is an investment, not currency
David Marcus, the head of Facebook’s cryptocurrency projects, on Wednesday said that Bitcoin is digital gold, but it’s not a good currency for transactions. “I don’t think of Bitcoin as a currency. It’s actually not a great medium of exchange because of it’s volatility,” Marcus said speaking at the New York Times DealBook Conference in […]
China Gives Digital Currencies a Reprieve as Beijing Warms to Blockchain – The New York Times
Blockchain is back in Beijing’s good graces. Chinese officials have quietly removed the business of making Bitcoin and other cryptocurrencies from a list of hundreds of industries that Beijing plans to outlaw. In April, the practice appeared on a list of industries that would be denied benefits and subsidies from local governments, leading to worries […]
NYC Bar addresses Bitcoin as payment for legal services
The bottom line: accepting cryptocurrency as payment for legal services isn’t impermissible in New York, but it’s important to tread lightly and think through your options carefully prior to doing so. The good news is that if you’re a New York lawyer and have been pondering whether to accept Bitcoin as payment for legal services, […]
Bitcoin ‘Crypto-Casino’ is a Terrorist Playground: Ex-SEC Crime Czar
Bitcoin is a worthless sham that’s only useful for facilitating crime, and the public must be warned about the full spectrum of the crypto-sphere’s sleaziness. That’s the opinion of attorney John Reed Stark, a cybersecurity expert who worked for 20 years at the SEC’s enforcement division. via Bitcoin ‘Crypto-Casino’ is a Terrorist Playground: Ex-SEC Crime […]
The Bitcoin Plague Spreads to Retail | LinkedIn
Warren Buffett, perhaps the most celebrated investor ever known, refers to bitcoin as “rat poison squared.” I disagree. Bitcoin is worse than rat poison – it is more akin to the plague and mayhem that rats can spread if not properly contained. Now the bitcoin plague has spread to U.S. shopping malls. via The Bitcoin […]