The Ledger: AT&T Blamed for Cryptocurrency Hacks, ‘Game of Thrones’ Meets Crypto, Barry Silbert Talks Bitcoin

Last week was blockchain week in New York, and on Wednesday I was at the Consensus conference to moderate a couple of panels, one of which was titled “Policing the Blockchain: Protecting Investors and Consumers.” It was an exciting discussion for me, because one of the panelists, Michael Terpin, had been the victim of a […]

Breaking Up Facebook ‘Won’t Be Enough,’ Says Morgan Stanley Boss. Here’s His Proposal.

New York City’s just-concluded “blockchain week” was palpably more subdued than it has been in years past. (Or maybe I was just not invited back to the parties after my 2018 travelogue.) In any case, I took a brief break from the madness of the Fortune 500 issue close to drop by the Consensus conference, […]

Andrew Yang Wants to Be the Crypto-Candidate for President—and He Hopes to Regulate the Blockchain, Too

There’s one Democratic presidential candidate who’s got the back of the crypto community. Andrew Yang, an entrepreneur who is running as a Democrat in the 2020 presidential race and who recently unveiled a digital-asset platform, said he’d like to see greater regulatory frameworks for the community and its underlying blockchain technology, which he thinks could […]

The Ledger: Fin-Tech in Montauk, Binance Robbery Update, Go Away Fake Satoshi

It’s Blockchain Week in New York, and so this week’s newsletter is devoted to a special event–not the chaotic conference unfolding right now in midtown Manhattan, but a June gathering on the edge of the Atlantic ocean. It was almost two years ago when the three of us–Jeff, Jen, and Robert–first created The Ledger as […]

The Ledger: Stripe’s Post-GDPR Plan, Facebook’s Crypto, Berkshire Hathaway’s Bitcoin Dis

A year ago, the European Union adopted the General Data Protection Regulation, or GDPR, a piece of legislation designed to force companies to protect people’s data. In just a few months, another data-related EU law is coming into effect: the second “payment services directive“, or PSD2. The new law, which becomes mandatory on September 14, […]

The Ledger: Bitfinex’s Tether Trouble, Bitcoin Crime, Bakkt Buys a Custodian

Even before the New York Attorney General revealed a bombshell lawsuit last week against Bitfinex and Tether, you probably had some concerns. Suspicion has swirled around Bitfinex and Tether, which share the same owners and management, since at least early 2018, most of it focused on whether Tether, a stablecoin backed by the U.S. dollar, […]

The Ledger: Binance’s Secret Sauce, Fake Satoshi, Waiting on Bakkt

I’ve written about the tech industry for ten years but never can I recall a firm becoming so dominant so fast as Binance. The exchange came out of nowhere in mid-2017 and rapidly gobbled up a huge share of the crypto trading business, while also launching its own currency–Binance Coin–that now has a market cap […]

The Ledger: China’s Bitcoin Ban, Crypto Endowments, Arbitrage bots

China appears poised once again to clamp down on the cryptocurrency industry. But people should welcome, not fear, the proposal. The National Development Reform Commission, China’s top economic planner, last week recommended eliminating the digital “mining” business altogether, echoing similar guidance the commission published in 2011. The country has dominated this lucrative specialty for the […]

Congress Is Pushing a Blockchain Bill. Does It Defeat the Point of Decentralized Tech?

What happens when a central authority like the U.S. government tries to shape a decentralized technology? We’ll soon find out as a proposed law, called the “Blockchain Promotion Act,” picks up momentum in Congress. The bill, introduced for the second time in February, has bipartisan sponsors in both the Senate and House of Representatives. It […]