Regulators have traditionally responded to bad actors in financial innovation by attacking the underlying technology versus those wielding it as a weapon.
After about 4 p.m. EST, the algorithmic stable coin TerraUSD collapsed 30% in four hours, while its sister coin dropped 97% in a day.
Companies face more pressure to detail the environmental footprints of their investments, thanks to regulations and the ESG trends.
As the growing value of cryptocurrencies generated increased media attention, the IRS began watching the space more closely.
As more applications turn digital, the threat of hacks become ever present. Crypto has become a weak point for theft.
Teana Baker Taylor, Circle's UK VP of Policy, advocates for careful cryptocurrency adoption on behalf of Circle's new Euro Coin.
In the long take this week, I revisit decentralized finance, providing both an overview and 2019 update. The meat of the writing is the following long-range predictions for the space in the next decade -- (1) the role of Fintech champions like Revolut and Robinhood as it relates to DeFi, (2) increasing systemic correlation and self-reference in the space, which requires emerging metrics for risk and transparency, and (3) the potential for national services like Social Security and student lending to run on DeFi infrastucture, (4) the promise of pulling real assets into DeFi smart contracts and earning staking rewards, and (5) continued importance of trying to bridge into Bitcoin. Here's to an outlandish 2020!
In this conversation, we chat with Daniel Finlay – a former Apple software developer, co-founder and co-lead developer on MetaMask – a non-custodial Ethereum wallet, allowing users to store Ether and other ERC-20 tokens and make transactions. Further. With the growth of DeFi and NFTs over the past year, MetaMask has increased in prominence as an entry point for novice users. So much so that its user base is now over 20 million monthly active users.
More specifically, we touch on how Dan went from teaching kids to code to having an app rejected by the Apple App Store to MetaMask, the philosophy behind e-government, questioning the role and job of software engineers, how crypto wallets compare to neobanks, and so so much more!
Blockchain, in all its incomprehensible glory, is likely here to stay. After two years of mayhem, the most recent bull run, where does that leave the industry?
Though doubling net revenue in one quarter from $244m total reported revenue in 2020, it was not enough to turn a profit.