In a series of tweets late Thursday, the president attacked cryptocurrencies and said Libra “will have little standing or dependability.”
China’s Bitmain said it would build the world’s largest bitcoin mine in Rockdale, Texas. Then the price of bitcoin plunged, taking with it the town’s hopes for a revival.
Federal Reserve Chair Jerome Powell is the latest regulator questioning Facebook’s plan to launch a cryptocurrency.
Berkeley is considering a plan to finance big projects with “minibonds” that would be sold, and interest credited, via a blockchain system.
Computer science professor David Gelernter envisaged social networks long before Facebook. Now, he wants to reclaim the concept, using blockchain technology.
Legal scholar Angela Walch calls it the “veil of decentralization,” a way for companies to obscure responsibility for their creations.
The SEC filed a complaint against social media company Kik, claiming that it improperly marketed its 2017 initial coin offering as an investment vehicle.
Kik has started a crowdfunding campaign to support its legal battle, asserting that its kin coins are not securities.
Microsoft announced plans to use the bitcoin blockchain to create a “digital identity” that could be used to access sites and apps across the internet.