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Recent data shows active wallet addresses represent only a fraction of potential users despite growing cryptocurrency awareness. More concerning is the industry’s culture of dismissing “normies” who struggle with the technology. This mindset mirrors the financial sector’s opacity before the 2008 crisis, where the complexity of financial instruments masked vulnerabilities that led to the worst recession in generations.
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Applauding the Musk-led agency’s progress, Brian Armstrong, Coinbase’s co-founder and CEO, took to social media to call for more transparency around government spending.
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According to Doge-tracker data, the savings represent just 1.8% of Musk’s goal to reduce US government spending by up to $2 trillion. Musk outlined this vision during a Jan. 9 interview with political strategist Mark Penn.
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Coinbase deepened its ties to US lawmakers during the 2024 election cycle, contributing more than $45 million to the Fairshake political action committee and donating $1 million to President-elect Donald Trump’s inauguration fund.
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“The next global arms race will be in the digital economy, not space,” Armstrong speculated. “Bitcoin could be as foundational to the global economy as gold and will become central to national security in a world where holdings of Bitcoin can shift the balance of power among nation-states.”
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In a Jan. 17 blog post on “economic freedom,” Armstrong said cryptocurrencies were ”the next chapter capitalism,” offering suggestions for policymakers to integrate digital assets into their economies in 2025.
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In a Jan. 2 statement shared with Cointelegraph, Tether wrote that Hoegner had retired and would be replaced as general counsel by Tether’s current legal counsel.
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In a Bloomberg interview, Wood said that the Federal Trade Commission (FTC) changes could ease regulatory barriers previously imposed that stifled M&As.
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In the filing, Byte Federal said that the bad actor attempted to gain unauthorized access to the personal information of as many as 58,000 customers, including 111 Maine residents.
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“Nakamoto’s writings seem to indicate that the motivation, at least in part, was the libertarian ideal of putting money creation beyond the reach of meddling central bankers.”
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A former risk examiner at the United States Federal Reserve criticized Satoshi for building a poorly designed Bitcoin supply schedule that doesn’t account for the “ebbs and flow” of economic cycles.
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In 2014, The Washington Post interviewed Marc Andreessen, a founder at software-focused venture capital firm a16z, who bullishly predicted that Bitcoin would become as influential as the internet by 2034.
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One of those experts was Nick Colas, a founder at DataTrek Research, who championed Bitcoin’s security, predictable monetary supply and ability to transact across borders in a 2013 interview with Bloomberg.
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There were times, albeit rare, when Bitcoin was seen in a better light. As Bitcoin soared from $12 to around $900 in 2013, more financial experts invited on mainstream media brought a loud and clear message: Bitcoin is “legitimate.”
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Angel’s views are less commonly held in 2024 as transactions on Bitcoin are publicly visible and can be investigated by blockchain forensics firms like Chainalysis and TRM Labs, which work closely with law enforcement to catch criminals.
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Like many others, Angel didn’t like how Bitcoin transactions offer a degree of anonymity, claiming it makes an ideal currency for “tax evaders, drug dealers and terrorists.”
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Many critics couldn’t fathom the idea that Bitcoin could be secure with an off-the-radar pseudonymous creator, including former CNN opinion writer James J. Angel, who strongly believed Satoshi Nakamoto’s unknown identity made Bitcoin a “huge red flag.”
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The former Forbes opinion writer Tim Worstall claimed Bitcoin wasn’t liquid or secure enough to be a medium of exchange or a store of value — a semi-plausible opinion at the time that looks far less plausible now.
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The price collapse was triggered by one trader attempting to sell more Bitcoin than cryptocurrency exchange Mt. Gox could absorb.
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https://warpcast.com/sophiaadaalex/0xe42a6f10
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