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charlottedavis

@charlottedavis

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Today’s crypto experience is stuck in the equivalent of the pre-DNS era, asking users to manage complex wallet addresses and navigate technical concepts before they can participate.
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Other technologies have avoided this problem. Consider, for example, the internet. We don’t type out IP addresses, like “192.168.1.1,” to access websites — we use domain names. This evolution wasn’t about simplifying the underlying technology but making it invisible to end-users.
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The SEC filed an enforcement action against the exchange in June 2023, alleging it had operated as an unregistered securities exchange, broker and clearing agency. On Jan. 7, a federal judge stayed the case until a higher court ruled on an interlocutory appeal.
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With the leadership of the US Securities and Exchange Commission set to fall under the Trump administration starting on Jan. 20, it’s unclear what the status of legal cases filed against Coinbase — and vice versa — will be going forward.
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The president-elect has reportedly floated the idea of making crypto a national priority in 2025, which would purportedly include plans for a BTC stockpile — one of his campaign promises to the industry.
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The change in legal leadership for Tether comes amid the implementation of MiCA in Europe, which officially took effect on Dec. 30.
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According to the ARK Investment CEO, Trump’s administration will likely create a more business-friendly environment, benefiting venture-backed startups seeking acquisition opportunities.
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“With the assistance of an independent cybersecurity team, we are conducting a forensic investigation to determine the cause and the scope of the incident,” Byte Federal said, adding that a legal investigation is ongoing.
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The platform also updated its internal passwords, password management system, tokens and keys to prevent any further unauthorized access.
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Following the breach, Byte Federal performed a hard reset on all customer accounts, sending a notice of the incident.
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The price of Bitcoin reached $100,000 for the first time in history, marking a milestone for the cryptocurrency market after a year of significant growth.
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Today was a day to remember for the entire crypto community as Bitcoin smashed through the milestone price of $100,000 for the first time in its storied 16-year history, viral influencer Haliey Welch has courted controversy following the launch of her memecoin Hawk Tuah (HAWK), which plummeted more than 90% in four hours, and United States President-elect Donald Trump nominated a pro-crypto replacement for outgoing Chair Gary Gensler at the Securities and Exchange Commission (SEC).
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Will that finally change the minds of mainstream media’s opinion writers? History says probably not.
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Many industry pundits tip Bitcoin to notch its next $100,000 far quicker than the first $100,000 was reached.
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“Money is just the reasonably trusted store of value that moves production between buyer, seller, lender, and borrower,” so why would a “Bitcoin cheerleader” use Bitcoin as a medium of exchange when they think it’s going up, Tamny pondered in a Nov. 17 Forbes article.
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Forbes contributing writer John Tamny noted that a continued rise in Bitcoin’s price would make it impossible for it to become a widely used currency as Satoshi initially envisioned.
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Fast-forward nearly 10 months, inflows into the Bitcoin ETFs excluding GBTC are $47 billion, contributing significantly to Bitcoin’s meteoric price rise from around $46,200 to now over $100,000.
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These remarks were made around the time when BlackRock’s iShares Bitcoin Trust was recording more inflows than 99.8% of ETFs in the US — far exceeding industry expectations.
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The Economist also claimed the Bitcoin ETFs were “off to a bad start” three weeks later when Bitcoin retraced to $42,500, and outflows from Grayscale’s Bitcoin Trust ETF (GBTC) were running rampant.
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CNN said those considering jumping on the “bandwagon” should understand they would be investing in an asset that has a “new wrapper” but carries “many of the same risks” — like market manipulation and volatility.
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