Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman have written a fascinating paper on Bitcoin price manipulation. Entitled “Price Manipulation in the Bitcoin Ecosystem” and appearing in the recent issue of the Journal of Monetary Economics the paper describes to what degree the Bitcoin ecosystem is controlled by bad actors. To many it’s been obvious that… Read More
Category: currency
Overstock and Coinbase briefly mixed up Bitcoin and Bitcoin Cash
A glitch on Overstock’s website allowed users to send amounts of Bitcoin Cash to Overstock when the system was expecting Bitcoin, leading to drastic discounts on many items. Given that BTC is about $14,000 and Bitcoin Cash is $2,400, the mistake could have been quite costly. Originally reported by Brian Krebs, the exploit allowed you to send the required amount of BTC in Bitcoin Cash.… Read More
With markets going crypto-crazy, SEC chairman weighs in
Given the crazy run cryptocurrencies like bitcoin, ether and litecoin have been on in the last week, it was only a matter of time before the Securities and Exchange Commission weighed in. Well, now it has in the form of an open letter from SEC Chairman Jay Clayton. Read More
Steve Mnuchin and his wife held a sheet of dollar bills and made the internet rich with memes
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U.S. Treasury Secretary Steve Mnuchin and his wife Louise Linton posing with a large sheet of dollar bills is America’s newest, ridiculously bizarre meme.
On Wednesday, Mnuchin and U.S. Treasurer Jovita Carranza visited the Bureau of Engraving and Printing to check out the first new batch of $1 bills that feature their signatures, The Associated Press reported. But when it came time for the photo op things got pretty weird.
Mnuchin grabbed a sheet of bills, stood by his wife — who just so happened to be decked out in a black, leather ensemble — and the two proceeded to assume the roles of the most awkward villains in the world. Read more…
More about Conversations, Politics, Memes, Currency, and Web Culture
View More Steve Mnuchin and his wife held a sheet of dollar bills and made the internet rich with memesMasterCard has filed a patent on its own blockchain-based money transfer solution
In about 2014, most bitcoin companies quickly pivoted to the “next big thing:” blockchain. Among them were the financial and fintech houses that were eager to avoid SEC scrutiny of their cryptocurrency holdings but were happy to use blockchain technology to speed up transaction times. Many of those early efforts are now apparently bearing fruit. Read More
Coin offerings using celebrity glitter may not be golden, SEC warns
A slew of media stars have hitched their stars to various virtual currencies, lending their social media outreach and luster to projects that have seemed less than golden. Now the SEC is warning celebrities that their endorsements “may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the… Read More