Is Larry Fink high? It’s a fair question to ask. The BlackRock CEO recently suggested that Bitcoin — the notoriously volatile, slow, and inefficient digital asset — could replace the U.S. dollar as the world’s reserve currency. He wasn’t joking. As…
Fifty-two million Americans, for reasons ranging from investing to decentralizing economic control, own a cryptocurrency. While only a small fraction of these are voters who mark their ballots primarily on cryptocurrency issues, those voters do exist. Those who put cryptocurrencies…
Death, taxes, and the urge to legislate are three of the few constants in our world. Whenever a major societal event is hoarding headlines, there tends to follow a loud call for Congress to respond with a bill. Over the…
Sam Bankman-Fried’s arrest makes for a fitting final act to this chapter of cryptocurrency history. The internet prodigy-turned-supervillain had been at large for a whole month since the spectacular collapse of his crypto trading platform, FTX. But Sam is no…
The difference between Sam Bankman-Fried’s cryptocurrency exchange and Uncle Sam’s legal tender appears one of degree and not of kind. Investors present at the creation of FTX now possess nothing or next to nothing of their original investments. The same…
WASHINGTON — I have good news for my readers. I come with glad tidings. November was a month of clement weather throughout these United States. Not only that, but the weather reports for December are going to be even better….
“Sam Bankman-Fried and Other Turkeys,” editorial cartoon by Yogi Love for The American Spectator, Nov. 29, 2022.
Cryptomania has been riven by fear, doubt, and economic reality. Investors and entrepreneurs envisioned cryptocurrencies and decentralized finance as the revolution that would upend reigning payment systems like Mastercard, Visa, PayPal, Western Union, Swift, fiat currencies, and traditional financial intermediaries….
Fear and raging inflation have roiled hot but still nascent digital currency markets. From November 15 to May 26, the cryptocurrency market plunged 57 percent, with $1.6 trillion of value lost. At the same time, the price of leading cryptocurrencies…
