Dave Stein
Dave is a former FX trader who has been trading crypto since 2015. He is long BTC.
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We tend to think of free expression as an inalienable right, and are often surprised when certain jurisdictions do not treat it as such. English courts are notoriously generous towards libel claims, which is why suing people in the U.K. for things they said on the internet is practically
News • Bitcoin • May 30, 2023
The U.S. Treasury continues its campaign to accelerate hyperbitcoinization. Last week, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against BitRiver AG and ten of its Russia-based subsidiaries. The sanctions are not intended to stop Russia from mining cryptocurrency, but to address Russia’s ability
News • Bitcoin • Apr 25, 2022
Bitcoiners spend a lot of time thinking about how a malicious actor could attack the network. We tend to assume that the adversary is attacking for monetary incentives, but what if the attacker is not economically rational? What if the attacker is not motivated by financial gain, but narcissistic tendencies
News • Bitcoin • Apr 14, 2022
I’m old enough to remember when the Lightning Network was supposed to solve Bitcoin’s transaction limitations. Instead of being slow and traceable, Lightning payments would be quick and private. Nocoiners would finally be forced to eat their FUD. It’s been five years since its initial launch, but
News • Bitcoin • Mar 24, 2022
After eight years of punted deadlines, the first Bitcoin ETF began trading on the New York Stock Exchange today. It was one of the most anticipated events of the year, with longtime enthusiasts pre-christening the approval date "Diaper Monday" -- the start of a bull run so intense
News • Oct 18, 2021
Eight months after paying an $18.5 million fine to the state of New York for misleading statements about its reserves, Tether has agreed to pay another $41 million to settle charges from the U.S. Commodity Futures Trading Commission (CFTC) for the same thing. Additionally, Bitfinex accepted a $1.
News • Business • Oct 15, 2021
CoinDesk, the media outlet owned by Digital Currency Group, recently filed a Freedom of Information Law (FOIL) request with the State of New York, asking for documents regarding the composition of Tether's reserves. On Tuesday, an attorney for Tether and Bitfinex petitioned to block that release, claiming that
News • Markets • Aug 31, 2021
The International Monetary Fund is a predatory lending institution that issues dollar-denominated debts to developing countries. Recent clientele include Argentina, Ecuador, and Greece, whose economies were leveraged to the brink of collapse. What if the IMF could do that, but with a blockchain? In a recent video, the IMF provides
Opinion • Bitcoin • Aug 24, 2020