After a January correction which saw bitcoin shed $8,000, the world’s largest cryptocurrency began making a comeback on Tuesday.
“It’s important to remember that if there were no bitcoin, there would be no distributed ledger technology,” Giancarlo told a U.S. Senate committee.
As might be expected, Tuesday’s Senate hearing touched on cryptocurrencies’ volatility. But the head of the CFTC put the matter in perspective.
Initial coin offerings were one of several subjects up for discussion during Tuesday’s U.S. Senate hearing.
Noted economist Nouriel Roubini resumed his criticism of cryptocurrencies on Twitter Tuesday, calling the tech’s enthusiasts “crypto-crazies.”
Venezuela’s plan to launch a cryptocurrency came under fire from U.S. lawmakers on Tuesday in a hearing that saw discussion on domestic regulation.
A hearing at the U.S. Senate Tuesday saw top lawmakers debate the need for new legislation to increase crypto industry oversight.
The head of the Bank for International Settlements has blasted bitcoin as “a bubble,” “a Ponzi scheme” and an “environmental disaster.”
A major U.S. freight railroad network operator owned by Warren Buffet’s Berkshire Hathaway has joined the Blockchain in Transportation Alliance.
A senior official from Taiwan’s executive branch has cautioned on the potential impact of cryptocurrencies on the island’s financial stability.