Republican Senators want to bar U.S. app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency, according to a copy of proposed legislation seen by Reuters, amid fears the payment system could allow Beijing to spy on Americans. The bill to Read more…
Nicholas Weaver is a senior staff researcher at the International Computer Science Institute and lecturer in the computer science department at UC Berkeley. But he’s also a raging cryptocurrency skeptic, arguing that cryptocurrency is useless and destructive, and should “die in a fire.” In a recent interview in Current Affairs Read more…
Global market regulators are likely to launch a joint body within the next year to better co-ordinate cryptocurrency rules, a senior watchdog official has said. Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO) said the boom in digital currencies such as bitcoin was one of the three Read more…
President Nayib Bukele’s Bitcoin gambit is becoming onerous for cash-strapped El Salvador but that isn’t stopping him from adding to his stockpile. Bukele’s bought 2,301 Bitcoins for the government since making them legal tender back in September, based on his announcements on Twitter. That includes a purchase of 500 coins Read more…
Hidden away in Coinbase Global’s disappointing first-quarter earnings report — in which the U.S.’s largest cryptocurrency exchange reported a quarterly loss of $430 million and a 19% drop in monthly users — is an update on the risks of using Coinbase’s service that may come as a surprise to its Read more…
Apple’s director of machine learning, Ian Goodfellow, “is leaving the company due to its return to work policy,” reports a tech reporter for the Verge. “In a note to staff, he said ‘I believe strongly that more flexibility would have been the best policy for my team.’” 9to5Mac notes that Read more…
40 days ago Bitcoin sold for $47,454. It’s price now is $34,007 — a drop of 28%. About a third of that drop happened this week, as “Bitcoin, ethereum and other major cryptocurrencies have fallen sharply,” Forbes reports, “wiping around $200 billion from the crypto market in just a matter Read more…