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 […]

Bitcoin: A Hedge for Trump’s China Trade War?

Global uncertainty is good for Bitcoin investors, it seems. As trade talks between the United States and China broke down earlier this month, the price of Bitcoin soared higher than it has all year. Market watchers have speculated that the cryptocurrency, commonly referred to as “digital gold,” benefited from investors’ jitters in the equities and […]

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 […]

Bitcoin Breaks $8,000, Extends Two-Week Winning Streak

Bitcoin climbed above $8,000, extending its longest winning streak since 2013 and giving fresh momentum to a cryptocurrency market that crashed only last year. Just hours after leaping 25% on Monday with no apparent explanation, the largest digital token added as much as 5.9% on Tuesday. That helped push the crypto universe’s total market value […]

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 […]

Stocks Are Tumbling, But Bitcoin Is Up 30% In One Week

While stocks are showing considerable volatility as the U.S. and China begin rattling their trade sabers again, cryptocurrencies are getting a second life with investors. The Dow Jones Industrial Average has oscillated up and down for the past five days, ultimately losing roughly 1,000 points. On Monday, as China announced plans to raise tariffs on […]

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, […]

NYSE Owner Buys Crypto Custodian in Latest Push to Offer Bitcoin

Intercontinental Exchange (ICE), which owns the New York Stock Exchange, made a splash last August with big plans to get into the Bitcoin business. Those ambitions, however, have been stymied by regulatory delays, leading ICE on Monday to announce a series of measures to jumpstart its efforts. Most notably, ICE announced the acquisition of a […]

Bitcoin Tumbles After Officials Allege $850 Million Fraud

The cryptocurrency markets buckled on Thursday evening after New York’s attorney general accused the owners of a prominent exchange, Bitfinex, of using illicit transactions to mask $850 million in missing funds. According to a 23-page legal filing, Bitfinex raided the reserves of a so-called stablecoin called Tether–a digital currency purportedly backed one-to-one by U.S. dollars–in […]