The Bank of International Settlements turbocharged its misinformation pump with a report titled “Cryptocurrencies: Looking Beyond the Hype!” wherein they illustrate how unsuitable cryptos are as currencies. Of course, they forgot the positives of crypto as well as rampant boom/bust cycles, crumbling currencies unions, negative interest rates and a reserve currency that's lost 95% of its value under CB regimes.
The Winkelvoss Bitcoin ETF just might be salvageable. There were some fairly egregious misconceptions and dated understandings in the SEC's reasoning to reject the application. I can show those who are interested how to construct a stronger application that overcomes the objections. The demand is there, we just need to get the vehicle correct.
The race to negative margin in the US wireless carrier industry is on. Very good for the consumer, but when will the carriers realize it's time to monetize those dumb pipes they own with something actually useful. Google Maps, Dropbox, Netflix and Facebook should have all been carriers subsidiaries, but instead they'd rather charge us per character for text messages.
Another situation where YOUR assets are frozen by a 3rd party.. Ironically, the most revolutionary aspect of Bitcoin is autonomy, an aspect that too many are willing to give up (without due compensation) in order to fit into the legacy, the status quo.
Did you know there's a ~5 billion euro or so error in DB's financial statements? Neither did the CEO, sell side analysts, rating agencies or auditors I presume! They may (or may not) go bankrupt, but one thing's for sure, your friendly neighborhood analyst (or ratings agency) surely doesn't bother to read the financial reports