Coinpedia News || Crypto and Fintech News
1.76K subscribers
9.22K photos
110 videos
1 file
10.6K links
Download Telegram
This media is not supported in your browser
VIEW IN TELEGRAM
Source: @CNBC

Gary Gensler Says Bitcoin Is "Not That Decentralized’'

🔵
In a new interview on CNBC, #Gensler says #Bitcoin (BTC) isn't as #decentralized as commonly believed, citing centralized #crypto exchanges as a factor.

🔵 Gensler argues that Bitcoin's decentralization should not be solely attributed to its availability on various exchanges but rather to its underlying blockchain technology.

🔵 Gensler echoes sentiments from JPMorgan CEO Jamie Dimon, asserting that BTC is often used in #ransomware attacks.

🔵 He emphasizes the difference between traditional currencies like the US dollar, euro, and yen, which have #centralized support, and Bitcoin, which lacks such backing. Gensler suggests that Bitcoin's transparent ledger might mislead investors about its decentralization.

#Cryptocurrency #Blockchain #CryptoNews
Top #CryptoNews In Last 12 Hours

1️⃣#Genesis Global Holdco holds $1.6B shares in #Grayscale Trusts, permitted to liquidate $1.3B GBTC shares by court.

2️⃣#PlayDapp hit by two #hacks in a week, losing $290M PLA tokens, prompting swift response and ongoing communication with hacker.

3️⃣ #Revolut considers listing #Solana meme coin #Bonk, plans massive token distribution in "Learn and Earn" campaign.

4️⃣SEC Chair #Gensler's recent interview didn't shed light on #EthereumETF approvals, causing uncertainty in the #cryptomarket

5️⃣#Coinbase shares surged 37% amid #Bitcoin's rise, ahead of strong Q4 earnings. Analysts predict revenue boost and increased trading volumes.

6️⃣#Bakkt secures regulatory approval for $150M securities sale after declaring financial ability to continue.

7️⃣Sean McBride, ex-Ripple director, suggests #XRP could become a #stablecoin, World Bank's recognition stirs speculation. Ripple prioritizes XRP utility.