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#cryptocurrencies

5 Beiträge5 Beteiligte2 Beiträge heute

"As real money flooded into bitcoin, the cypherpunks were superseded by venture capitalists, money launderers, authoritarian tech billionaires, and a broad swath of the MAGA movement that saw bitcoin's general anti-government orientation as consistent with Trumpian populism. Many of them also saw it as a way to get rich. But the transformation of bitcoin's $2 trillion political economy has mostly left everyday retail traders behind. Even as bitcoin has soared in value, trading volume on exchanges has plummeted since its 2021 highs. It remains little used as a currency, with El Salvador, the one country to officially adopt bitcoin as a currency, scaling back its project.

In the 2024 election cycle, bitcoin's overwhelming partisan shift became impossible to ignore when the crypto industry raised more than $200 million to support Trump and a slate of largely Republican candidates. In return, the industry has seen the dismantling of crypto crime task forces across federal agencies; the loosening of financial regulation; the pardoning of the Silk Road drug market's founder, Ross Ulbricht; a reshuffling at the Securities and Exchange Commission; the veritable dismantlement of the Consumer Financial Protection Bureau; an end to most federal lawsuits and prosecutions against major crypto companies and individuals; the establishment of a national crypto stockpile that has the potential to buoy token prices; and, perhaps more surprisingly, the emergence of President Donald Trump as the country's most powerful crypto entrepreneur.""

businessinsider.com/trump-bill

Business Insider · I saw the future of bitcoin in Vegas. It's even weirder than you thinkVon Jacob Silverman
#USA#Trump#Crypto

What actually sucks about the GENIUS Act: stablecoin holders get first dibs if the stablecoin issuer defaults.

Who can be issuers?

Federally insured banks and subsidiaries.

If these banks commingle deposits with reserves, then this will force banks to dip into deposits, if reserve alone fails to cover claims.

Good thing is, the FDIC will ensure up to $250K of deposits, but what this means is that the FDIC is effectively subsidizing bad decisions from banks.

This is the *only* argument against the act that I actually find is what we should absolutely find concerning.

However, I find that the majority of regressive leftist fedidiots and fedimbiciles who can't read are making all sorts of other arguments against the act, none of which should be taken seriously. Unfortunately, them repeatedly making these dumb arguments weaken the cause of highlighting how bad the proposed law is

Bankers see demand for digital assets, but remain gun-shy

With the easing of U.S. regulations on #Cryptocurrencies, bankers are thinking once again about issuing #Stablecoins and offering #DigitalAsset services such as custody and lending.

americanbanker.com/news/banker

Circle's website advertising stablecoin as "fully backed digital dollars."
American Banker · Bankers see demand for digital assets, but remain gun-shyVon Penny Crosman
#FinTech#FinServ#Banking

THE HARROD REPORT >>> CRYPTO NEWSWIRE: #CantorFitzgerald Launches Gold-Protected Bitcoin Fund

x.com/GetTheDailyDirt/status/1

Cantor Fitzgerald #Asse Management has unveiled plans to launch the Cantor Fitzgerald #Gold Protected #Bitcoin Fund, L.P., marking its first foray into a Bitcoin-specific investment vehicle.

Announced at the #Bitcoin2025 conference in #LasVegas, this innovative fund aims to bridge the gap between traditional #Finance and the volatile world of #Cryptocurrencies...