President Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies including the potential for a U.S. central bank digital currency (CBDC). The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion, and responsible innovation. Continue Reading →
Key Russian figures and financial institutions have been placed on a U.S. sanctions list, and key Russian banks have been removed from the SWIFT interbank system. As a result, the value of a Russian ruble has plunged, which raises the question: can crypto be used by Russia to avoid sanctions? Continue Reading →

Ukraine DeFi

First, my heart goes out to the people of the Ukraine and to the innocent victims of Russia's brutal attack. The people of Ukraine are fighting for their lives. Hopefully, the international community will figure out a way to get Russia to stand down. Continue Reading →

The War on Crypto Begins

U.S. senators on Wednesday introduced legislation requiring the State Department to write a report on El Salvador's Bitcoin Law and develop a plan to "mitigate potential risks to the U.S. financial system." Continue Reading →
Officials seized more than 94,000 bitcoin from Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, who are accused of conspiracy to launder, not of actually hacking 119,000 BTC from Hong Kong's Bitfinex exchange back in 2016. Continue Reading →

Crypto Accounting

A popular internet meme: On November 12, 2021, Odell Beckham, Jr. signed a deal with the Los Angeles Rams for $750,000, which he accepted in bitcoin (BTC). Continue Reading →

Is Adam Aron a cryptomaniac?

AMC Entertainment chairman-CEO Adam Aron tweeted that in addition to Bitcoin (BTC), the chain will expand its crypto acceptance plans to include Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) for U.S. movie tickets and concessions ordered online by the end of the year, which again raises a very personal question: How do I feel about buying a slice of pizza and a Diet Coke with four (4) bitcoins back in April 2011? Continue Reading →