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Capital in the 21st Century

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In the latter, as long as you profit, everything is fine. In fact, if you have sufficient capability to financialize, you don’t even need profit now. You can promise endless future profits, “grow” (i.e., “increase”), sell the rights to them, and move on. Everything becomes reducible to its immediate flows. But as you gradually strip away your own and everybody else’s capital – as you dismantle, trade, and consume every tool – you will find returns to be more and more elusive and, eventually, impossible. The only important question becomes, who is holding the bag?

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Sen. Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With FTX’s SBF

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The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn’t been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more.

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There Are Many Bitcoin (BTC) Critics Left in Finance, Despite BlackRock’s (BLK) Newfound Love

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Stone X Group’s chief strategist, Kathryn Vera, gave a presentation at the Miami conference, stating that bitcoin won’t be a reserve currency – economics jargon for a currency like the dollar, euro or yuan held by central banks to support global trade and finance – “in her lifetime.” A key reason why the largest conventional currencies are cornerstones of finance is this reserve currency status.

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Bitcoin (BTC) Price Slips Back to $64,000 Level

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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Hong Kong Boards the ETF Express

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“A handful of $BTC and $ETH futures ETFs listed in Hong Kong in December 2022, and today, more than a year later, have a combined AUM of just under $170 million,” Acheson tweeted. “For contrast, $BITO – the largest U.S.-listed BTC futures ETF – has an AUM of over $2.8 billion.”

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If China Doesn’t Invade Taiwan, Prediction Market Bet Pays 8%

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A contract asking users to bet on the outcome of the 2024 Presidential election—which has over $110.8 million staked, easily a record for crypto-based prediction markets—saw “yes” shares for Biden winning rise 1 cent, to 45 cents, and “yes” shares for Trump dip by a penny to 45 cents. A share pays out $1 if the prediction turns out correct, so the market is signaling each candidate now has a 45% chance of winning.

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John Deaton on his Senate Race With Elizabeth Warren

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At yesterday’s hearing, she was asking the deputy treasurer questions about if a validator is in Iran, somehow that means Iran is making millions of dollars. Now, you and I and everybody reading this knows that a validator could be anywhere. It could be in Iran, it could be anywhere else in the world. That’s what’s a decentralized distributed ledger system is. But a validator doesn’t get cash. If anything, a validator could get paid in the native asset of the network, whether it’s Bitcoin or Ethereum, but then you have to have an off-ramp. And the off-ramps and on-ramps are the exchanges, and they already comply with AML/KYC.

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Bitcoin First, Not Only: Fostering Widespread Adoption Through Education

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Pantera-Backed VALR Obtains South African Crypto License

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“Obtaining the CASP license from the FSCA is a monumental achievement for VALR,” Farzam Ehsani, the co-founder and CEO of VALR said in a press statement. “We welcome this regulatory milestone for South Africa and applaud the regulators for taking this important step for the nation.”

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Bitcoin (BTC) Drop Causes $2 Billion in Liquidations; Meme Coins SLERF, MEW, WIF Lead Altcoin Gains

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Profit taking ahead of the halving, due later this week, and macroeconomic tremors weighed on the market since late Friday, with bitcoin dropping from last week’s highs around $70,500 to as low as $62,800. That caused a market-wide decline as majors dropped as much as 18%.

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