🇺🇸🗽 #BTC David Bailey states that the son of the CEO of the company hired by the US Marshals to safeguard the nation’s Bitcoin stole $40 million from it. He emphasizes that the Treasury must secure the private keys from the Justice Department as soon as possible.
⚠️ CZ's Remarks at Davos:
CZ stated that the payments sector faces significant challenges, but the integration of traditional payments with cryptocurrency will drive growth. He expressed skepticism toward Bitcoin payments and Memecoins, citing high risks.
He predicted a substantial decline in traditional physical banks over the next 10 years. Implementing a global crypto regulatory framework is difficult, and he suggested a "regulatory passport" scheme, where licenses from one country are recognized by others.
He argued that technological improvements in speed and cost reduction do not increase risk, with bank liquidity issues stemming from the fractional reserve system. #regulation link
CZ stated that the payments sector faces significant challenges, but the integration of traditional payments with cryptocurrency will drive growth. He expressed skepticism toward Bitcoin payments and Memecoins, citing high risks.
He predicted a substantial decline in traditional physical banks over the next 10 years. Implementing a global crypto regulatory framework is difficult, and he suggested a "regulatory passport" scheme, where licenses from one country are recognized by others.
He argued that technological improvements in speed and cost reduction do not increase risk, with bank liquidity issues stemming from the fractional reserve system. #regulation link
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🇺🇸⛏️ Bitcoin Block Time Slows As Sweeping US Winter Storm Strains Power Grid, Prompting Miner Curtailments - link
🇺🇸📝 USA - Durable Goods Orders (Nov)
= +5.3% m/m
(exp +3.1% / prev -2.2%)
= +5.3% m/m
(exp +3.1% / prev -2.2%)
🇺🇸📝 USA - Chicago Fed National Activity Index (Nov) = -0.04 (exp -0.02 / prior -0.21) #macro
📈 #ETH Bitmine increased their reserves by an additional 40,302 ETH last week. link