CRYPTO

Back in late March, when prevailing consensus was that the SEC would not approve an ethereum ETF, and when its price had dramatically diverged from that of bitcoin, we took the other side.

Why was that? For several reasons: first of all, recall that in recent years, Wall Street had traditionally held ethereum, due to its smart contract nature and flexible architecture, in much higher regard than the relatively boring bitcoin, whose only role was to be "digital gold". None other (more…)

Authored by Jimmy Song via BitcoinMagazine.com,

The following is an excerpt on Bitcoin Pizza Day from "Fiat Ruins Everything" by Jimmy Song. Visit the Bitcoin Magazine Store to order a print, digital or audio copy of the book.

Pizza Day is often viewed with a sense of regret.

The well-known story goes like this: many years ago, Laszlo Hanyecz bought two Papa John’s pizzas, and in return, some fortunate person received 10,000 BTC.236 This tale (more…)

What until just a few days ago was viewed as an extremely low-probability event, has just come true, when the highly politicized Securities and Exchange Commission, headed by Liz Warren's soon to be terminated lackey Gary Gensler, has – against its desires – been forced again to approve no less than eight crypto ETFs, this time for spot Ethereum, following what was reportedly urgent political intervention from the White House.

Following relentless pushback which prompted (more…)