Yellen Waives Non-Custodial Crypto Protocols From New Reporting Standards!


https://ift.tt/302IvIw via /r/CryptoCurrency https://ift.tt/31BaPCp

Comments

Post a Comment

Popular posts from this blog

HSBC Adds Coinbase to Crypto Ban List

Image
"Europe's largest bank in Europe, with total assets of $2.715 trillion, is likely to avoid Coinbase's newly listed COIN stock because of lingering worries about crypto’s role in money laundering and criminal activity."That's rich.https://ift.tt/32xvW5p via /r/CryptoCurrency https://ift.tt/3axzQzU
Read more

I read the entire Bitcoin whitepaper so you don't have to (but you should!)

Image
Hey all! So what is in the Bitcoin whitepaper?It is supposed to be a "Peer-to-Peer Electronic Cash System". It's a system meant for payments and exchanging value.IntroductionThis is the rationale of the whole thing: third parties seek rent on your transactions, so lets cut them out, so that transactions are cheap. They are also irreversible, so merchants/services are more protected in this system.This is achieved by combining a chain of digital signatures with computing power invested into proof of work.\2. TransactionsThis is the first half of the equation.Say you own a coin. To spend it you need to digitally sign, with your private key, that you want to spend it.This ensures a number of desirable properties. No one other than you can spend your coin. The coin can't be spent twice.\3. Timestamp ServerEvery 10 minutes or so the system as a whole batches the transactions that happened in those minutes into a block and finalizes them. None of the transactions that are ...
Read more

Crypto -ELI5

Image
I’ve done some very basic research. I vaguely understand the blockchain mechanism and understand that the benefit of crypto is that it is decentralized (for now..).What I’m failing to understand is how crypto is at all functionally different than stock. From my objective point of view (I have no skin in the game yet, hence the post) it seems that it functions the same as stock, driven by its perceived value causing the price of a coin to rise and fall. Can someone explain how crypto functions different than stock as an investment? Also, I don’t quite understand how countries are adopting crypto as a currency. How can we use crypto as currency on a national level with the price fluctuation. The whole point of having a national currency is that it is stable and continues to hold the same value over time and space. It’s hard for me to see that happening to crypto in the near future without some regulation or some physical backing. I understand we have inflation and the dollar isn’t backe...
Read more