In theory, this pilot sounds promising. What could be better than free cash, products and services in a cash-strapped city? However, a closer examination raises serious concerns about the risks posed to low-income Chicagoans. The mayor and her team should not promote cryptocurrencies for their “financial inclusion” benefits, when these claims lack...
“It will be interesting to see if businesses adopting clever slogans and filing trademark applications [for crypto options] properly refer to their own marks.” While some companies have not yet jumped on the cryptocurrency bandwagon, others are rolling out processes to accept payment for goods via cryptocurrency. Some companies are...
Key insights: London police have reported there are thieves who target crypto investors on the street. Criminals lure smartphones from the owners. Once the phone ends up in the hands of thieves, they covertly transfer crypto to other accounts. Police in the United Kingdom are investigating a spate of “crypto...
Blockchain has gone mainstream. Last year 16 percent of Americans claimed to have speculated in cryptocurrencies based on blockchain technology, and this year’s Super Bowl broadcast included several ads for crypto markets. But even as their cheerleaders encourage others to dabble in cryptocurrencies, their worth remains dubious. Their values are...
Aminhossein “Amin” Rad runs an over-the-counter trading desk in Dubai, United Arab Emirates. Searching for a business after dropping out of university, he started to style himself as a Bitcoin broker in 2016. Starting with his first deal after five months of wading through scammers and tire-kickers, Rad went on...
