Brian Tockey: Bitcoin, Regression Theorem, and Defining Money
It’s relatively common to see the regression theorem being mentioned in economic discussion, especially when it comes to whether or not something is money. This is surprising because the regression theorem has absolutely nothing to do with money or the definition of money. Regression theorem only involves prices and is really more a direct restatement of common sense. To understand the regression theorem, we must understand the...
South Korea’s Largest Bank Unveils Bitcoin Custody Services
KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with the Korean Intellectual Property Office. The trademark is called Kbdac. It covers more than 20 crypto-related areas. According to a statement...
Viabtc Founder Reveals BCH Fork Idea Called Bitcoin Cat
During the last few days, discussions concerning the Bitcoin Cash Difficulty Adjustment Algorithm (DAA) has become a polarizing debate. In the midst of all the quarreling, Viabtc’s founder Haipo Yang has announced a new fork of BCH called Bitcoin Cat. News.Bitcoin.com recently reported on the arguments concerning the Bitcoin Cash DAA. Following the report, the very next day Bitcoin ABC published a blog post that detailed it...
New York Regulator Fast-Tracks 10 Cryptocurrencies
The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester Peirce, also known as Crypto Mom, has been confirmed for another term at the commission. NY Regulator’s Cryptocurrency Greenlist The New York State Department of financial services (DFS), the Bitlicense regulator, has published a Greenlist...
Goldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and Facebook
Goldman Sachs is considering creating its own cryptocurrency. Having recently appointed a new head of digital assets, the company indicated a possible collaboration with other companies, including JPMorgan and Facebook. JPMorgan has created the JPM coin and Facebook has proposed the Libra cryptocurrency project. Goldman Sachs’ Cryptocurrency Plan Global investment bank Goldman Sachs has recently appointed a new head of digital...
