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Crypto and Eurodollars: Europe’s Next Opportunity
Venture capital firm A16z said they will continue to push for more regularity clarity in the US for crypto, following its announcement regarding the opening of its first non-US office in the UK. Almost every crypto company in the US has been the subject of some sort of enforcement action or lawsuit. Even Kim Kardashian…
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Bitcoin, Gold and Giant Rocks
It is common to hear critics of Bitcoin and other decentralised digital assets state that they are not backed by anything and, as such, are not money. In contrast, fiat money is backed by the government that issues it. The word fiat, broadly speaking, means ‘by decree’ and derives from the Latin word for “Let…
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The Shanghai upgrade: What it means for ETH prices
There has been much discussion around the upcoming Shanghai upgrade on the Ethereum network and what that means for ETH prices. The upgrade is designed to give network validators access to their staked ETH for the first time, which is a major change for the network. Initially, this looks like a potential increase in supply, but…
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Proof of work mining: making it greener
In California in springtime, the sun is shining, the weather is often windy, and water levels are at their highest from snow-melt from the mountains, all providing plentiful sources of renewable energy. At the same time, the climate is mild, reducing the need for air conditioning or heating and resulting in lower energy consumption.[i] To…
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Protecting Client Cryptoassets: a novel approach with a long history
Recently, Chief US Bankruptcy Judge Martin Glenn ruled[1] that $4bn of cryptoassets that were deposited in “Earn Accounts” of bankrupt crypto lender Celsius did not in fact belong to the customers that made those deposits. According to Celsius’ terms of use, the company held “all right and title to such Eligible Digital Assets, including ownership…