Meta1 Coin Report
Representatives in the U.S. Congress have taken a step towards trying to add clarity to cryptocurrency regulations in the United States. Reps. Patrick McHenry (R-N.C.) and Stephen Lynch (D-Mass.) just introduced legislation to develop a working group consisting of industry experts and members of the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to study current digital asset regulations.
Wirex, a digital payment platform, has just released a long-awaited multi-currency Mastercard debit card. Currently, the debit card is only available in Europe. With about 75,000 people on its waitlist, the popularity and demand for a crypto-friendly debit card are clearly very strong. The Wirex card enables one to spend up to 18 crypto and traditional currencies in real-time.
Since Wirex is a Mastercard principal member, it is authorized to directly
Art often imitates reality. Many science fiction stories are perfect examples of this. The creative projection of current themes in society as they may appear in some remote future captivates audiences as they marvel at distant possibilities. And yet, sometimes reality mimics art in often unexpected ways.
For example, the acclaimed 1982 film, Blade Runner, includes various technological references that today’s viewers recognize as accurate, while
While some countries have either avoided or taken adversarial approaches toward crypto, others have begun to embrace digital currencies. They see the potential for future wealth and transformation of their societies. In particular, some developing nations see crypto as a way to level the economic playing field which has been tilted against them for so long.
One developing South American nation has already taken a proactive approach toward opening
In 2013, Jackson Palmer and Billy Markus decided to create an open-source cryptocurrency known as Dogecoin as a joke. It was based on a popular meme that displayed a Shiba Inu breed dog. In recent months, Tesla CEO Elon Musk tweeted about Dogecoin which drove its value up temporarily at points. From being worth under a penny to reaching a value close to $0.08 per coin, its meteoric jumps in price undoubtedly made some of its early adopters very
In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its two senior executives for selling over $1.3 billion of their cryptocurrency XRP without registering it as a security or seeking an exemption. Both the SEC and Ripple have said they have no intention of settling the case and plan to take the matter to trial. If Ripple wins the case, it will set a major legal precedent for future litigation.
Kevin O’Leary, the star of the reality television show Shark Tank, has recently changed his views about crypto. As a successful businessman and investor, he has earned the nickname Mr. Wonderful, and often has a sharp eye for new money-making opportunities. He was previously very critical of Bitcoin, saying it was “not a real currency” and referred to digital coins as “crypto crap.” He recently tweeted he will set aside 3% of his portfolio
It has been said that one who does not learn from history is destined to repeat it. The challenge is that the world often has a very short-term memory. As new generations emerge and societies adapt to changing times, there is a tendency to compartmentalize the ills of the past as isolated incidents which are unlikely to be repeated. And yet, when similar events inevitably reoccur, many are shocked and surprised at how such things can happen in