Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo
Political attacks on CBDCs gives a pass to existing government and commercial oversight of financial transactions, says Christopher Giancarlo, cofounder of the Digital Dollar Project.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 23, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ethereum Usage Will Drop if the Blockchain Doesn’t Increase Its Throughput: Bank of America
The network’s early success was a double-edged sword as the large number of transactions resulted in network congestion and rising transaction fees, the report said.
Next Evolution of Blockchain Software Has Only Just Started: Bank of America
Protocols like Near, Polkadot and Cardano are using new approaches to improving the tradeoff between scalability, decentralization and security, the report said.
Bitcoin Miners' Revenue From Fees Rises Suggesting the Onset of Major Bull Run
The two-year Z-score for miner revenue from fees has turned positive after a long time, signaling new waves of adoption. Historically, that has marked beginnings of major bull runs.
First Mover Asia: Blockchain-Enabled SIM Card for Crypto Investors Fuels Conflux Growth; Bitcoin Holds Near $27.3K After Fed Decision
ALSO: The SIM card offers the security of a hardware crypto wallet but with more convenience, says Conflux’s chief technology officer in a Q&A with CoinDesk's Shaurya Malwa.
SEC Warns Coinbase It's Pursuing Enforcement Action Over Securities Violations
Crypto exchange Coinbase (COIN) may soon face an enforcement action tied to its listing of potential unregistered securities, the company said Wednesday.
Fears about mass financial surveillance are real with CBDCs, but banning them, as Republicans have recently proposed, will not help. Instead, more research is needed, says Ananya Kumar.
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