Taraxa Wants to Put Every Informal Transaction on the Record, Unveils Details About the Upcoming TGE – Press release Bitcoin News

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PRESS RELEASE. The Taraxa Foundation, a non-profit body supervising research and development of the Taraxa project, announced a public sale kicking off on March 4 at 6 PM PST. The token sale follows the launch of Taraxa’s public testnet and the release of a flagship application, with the main purpose of distributing TARA tokens to community members and funding ongoing technology and community development. Participants will be required to provide documentation and verify their eligibility in order to participate. The offer is not being made within the United States or to any U.S. persons (as defined under U.S. federal securities laws).

TARA token purchasing options and allocation

The token sale will take place from March 4 till March 15, with pre-registration starting at 6 PM PST on March 4. This is the first public sale held by the company after the 2018 private rounds led by Fenbushi Capital (an early investor in Ethereum), KuCoin, and LongHash Ventures. Through the sale, investors will be able to purchase TARA tokens, with the price ranging from $0.008 to $0.012 with different locking periods. All options will be offered simultaneously, and participants will be able to purchase any combination of the options. The minimum check size across all options is $1,000. Any unsold tokens will be allocated back into Community and Ecosystem development.

How to participate

The latest information can be found on Taraxa’s token sale information page. On the technical side, Taraxa is working with Tokensoft, the same Silicon Valley platform that has helped The Graph, Avalanche, and Findora to launch their token. Registrants will need to go through a KYC process in compliance with relevant regulations and rulings.

A blockchain ledger purpose-built for audit logging

Taraxa is a public ledger platform purpose-built for data via audit logging to track informal transactional agreements started in 2018 in Mountain View, CA, by two Stanford graduates, Steven Pu and Justin Snapp. Taraxa’s protocol features a slew of innovations, such as extremely high logic processing throughput, low inclusion latency, and low finalization without sacrificing security or decentralization. The core team hails from Stanford, Princeton, Berkeley, and Brown, with a balance of technical & business backgrounds from Qualcomm, EMC, Cadence, and Monitor Deloitte.

Public Sale Information Website: https://token.taraxa.io/

Company Website: https://www.taraxa.io

Media inquiries: [email protected]

Partnership inquiries: [email protected]

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Stellar (XLM): What it is and How Does it Work?

Stellar promotes itself as an open-sourced, distributed payments system, build on the idea that the international community needs a global financial network open to anyone. The project is meeting this need, connecting users, institutions, and payment ecosystems via its platform.​

In doing so, the Stellar team aims to make monetary transactions quicker, cheaper, and more dependable. In addition, their protocol connects individuals from all over the world by enabling more efficient cross-border payments.

How Does Stellar Work?

Similar to most cryptocurrencies, Stellar is decentralized. The network operates on a network of decentralized servers supported by an international group of individuals and entities – these servers backup the distributed ledger that monitors the web’s data and transactions.

Basically, the Stellar​ protocol operates like a more comprehensive, more flexible PayPal. To start using it, users need to upload funds to an anchor on the network. Similar to a bank or PayPal, this anchor then retains the money and issues credit to users’ virtual wallet in its place.

Some might be wondering why they need to exchange debit for credit with an anchor. Well, anchors act as a bridge for any given currency and the Stellar​ ecosystem. The switch enables you to formally convert your funds into Stellar​’s public ledger.

This inclusion means you can send money instantly on the network without having to wait for a bank transfer, as it happens when using PayPal. It also simplifies cross-border payments.

Let’s think about the following scenario: you want to send funds to someone living in France and would use your credited USD balance to send them money via the Stellar​ network. Stellar​ would automatically swap the USD for EUR using the lowest exchange rate, and the receiver  would be get the exchanged amount in EUR. After receiving the transfer, they can withdraw the funds from another anchor that supports EUR.

Distributed Exchange

Stellar​ also provides users with the option to place exchange orders onto the public ledger to either sell or buy other currencies. All rates are pre-determined by the user placing the order, so they are not liable to the automatic exchange rate that Stellar​ uses for personal transfers.

​In case you want to exchange, for instance, GBP for EUR, you’d place an order in the network’s order book. That order then appears in the global marketplace, which you can also refer to in order to see how your order stays against others like it. We should mention that this exchange is not limited to fiat money only; it also supports cryptocurrency and also fiat trading pairs.

Multi-Currency Transactions

As we mentioned above, Stellar​ enables users to freely send money across borders without the nuisance of formal banking procedures or currency exchange. To accomplish this, the Stellar​ ecosystem does one of the three things when you ask for a currency transfer:

  • It swaps the funds with a previous offer on its order book and automatically makes possible the exchange
  • Stellar uses Lumens (XLM), its native coin, as an intermediary for the exchange. It can convert the funds from a currency into Lumens on the global marketplace and then takes those XLM and converts them to another currency for the user receiving the money
  • In case there are no trading pairs in exchange for the two currencies, Stellar looks for offers on the network that will end up in a chain conversion into the desired currency (for instance, USD to EUR, EUR to GBP, BGP to AUD, AUD to JPY).

​This multi-currency exchange process is rather innovative, and it provides users with a flexible approach to easily convert currencies on an international level.

The Bottom Line

If other cryptocurrencies and blockchains are built for financial institutions and banking giants, then Stellar Lumens is meant for the common man. The protocol has the potential to redesign the way we process peer-to-peer transactions on a global scale.

Bitcoin plunges, Ethereum suffers, Musk loses billions

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

Increasing stock market volatility drags Bitcoin and altcoin prices lower

Bitcoin has had an exceptionally trying week, and it doesn’t bode well for March — a month that’s traditionally bearish for the world’s biggest cryptocurrency.

After hitting record highs of $58,300 last Sunday, Bitcoin suffered a dramatic reversal of fortunes — crashing to $46,000 on Tuesday. Elon Musk might not have helped matters… in the run-up to the correction, he had tweeted that BTC and ETH seemed high.

Analysts and investors alike breathed a sigh of relief on Wednesday when Bitcoin managed to retake $50,000 — with some proclaiming that the asset had undergone a “healthy correction.” But this narrative proved shaky when BTC plunged yet again on Friday to lows of $44,454.84.

All of this comes amid a backdrop of unease in the traditional markets, and this week’s price activity suggests BTC faces an uphill struggle if it’s going to appreciate further. Generally, analysts are looking for $50,000 to become an established support before expecting any bullish continuation.

 

MicroStrategy purchases another $1 billion worth of Bitcoin, now owns 90,000 BTC

A flurry of good news throughout the week may have prevented things from going bad to worse for Bitcoin. Early in the week, two institutions announced they were doubling down on their BTC buy-ins. 

MicroStrategy purchased an additional 19,452 coins, with CEO Michael Saylor declaring that his company has no intention of slowing down. It came after Square announced it had purchased 3,318 BTC for $170 million — following on from a $50-million spending spree in October 2020.

Bitfinex and Tether also announced that they had reached a settlement with the New York attorney general, linked to ongoing allegations that Tether misrepresented the degree to which USDT stablecoins were backed by fiat collateral. Under the terms of the deal, both companies will have to pay $18.5 million in damages, report on their reserves periodically, and stop serving customers in the state.

On Friday, JPMorgan helped to cheer up the markets by telling clients that allocating 1% of a portfolio to Bitcoin would serve as a hedge against fluctuations in stocks, bonds and commodities.

 

Cardano is now a top-three cryptocurrency as ADA price soars 27% in 24 hours

Moving beyond Bitcoin, there’s been a lot of movement in the altcoin markets. 

Last week, Binance Coin had stolen the show with a stunning triple-digit surge that helped it become the world’s No. 3 cryptocurrency. Fast forward to this week, and it’s now been overtaken by Cardano’s ADA.

A fresh wave of optimism and buying volume on Friday pushed its price to a new all-time high, and momentum for the project has been building throughout February. Open interest for ADA futures also rose to $580 million, surpassing Litecoin to become the third-largest derivatives market.

Despite NFTs entering into a bull market — with a report suggesting that they’ll explode in popularity even more as 2021 continues — it’s definitely been a week to forget for Ether. After touching new all-time highs of $2,000 last weekend, ETH has tumbled by more than 26% this week… taking it below $1,500 at times.

All of this comes as an exodus from the Ethereum blockchain continues, with 1inch becoming the latest DeFi project to expand to Binance Smart Chain.

 

Musk no longer world’s richest man after Tesla and Bitcoin slump

As the old saying goes: “The sun don’t shine on the same dog’s ass every day.”

The sun was certainly shining on Elon Musk when the week began. One analyst had suggested that Tesla had made $1 billion in profit since making its Bitcoin investment. That’s more than the profit generated by selling electric vehicles (what it’s known for) across the whole of 2020.

Alas, that was before the carnage seen on the crypto markets. To make matters worse, Tesla’s share price has dropped by more than 20% from the highs of $890 seen on Jan. 26. These joint factors prompted Musk to lose his crown as the world’s richest man. Some analysts wasted little time in attributing TSLA’s crash to its association with Bitcoin.

But there’s another threat on the horizon, with reports suggesting that the U.S. Securities and Exchange Commission could investigate Musk’s alleged impact on BTC and DOGE through his many, many tweets.

The billionaire made a concerted effort to shrug off these concerns, suggesting he would even welcome such a probe.

 

Coinbase has held Bitcoin on its balance sheets since 2012

We’ve been learning a lot more about Coinbase this week as it gears up to launch on the stock market. One particular hipster-ish announcement came when the exchange declared that it’s held Bitcoin and other cryptos on its balance sheet for nine years.

Coinbase sought to package this announcement as a paean to other corporations that might be considering a similar move — touting itself as an authority in advising institutions about how to deal with their own prospective investments.

In other news, the company submitted its S-1 report to the Securities and Exchange Commission this week. The filing revealed that the exchange generated revenues of $1.1 billion in 2020 — 96% of which came from transaction fees. Net income in 2020 came in at $327 million… a stark contrast to the $46 million loss seen the year before.

 

Winners and Losers

At the end of the week, Bitcoin is at $46,609.99, Ether at $1,470.17 and XRP at $0.43. The total market cap is at $1,429,222,267,885.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Fantom, Pundi X and Cardano. The top three altcoin losers of the week are Dodo, Horizen and Venus.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis

 

Most Memorable Quotations

“As gas price stays too high, we see a lot of projects, tokens and users coming to BSC, and this is the right moment for 1inch to expand to other blockchains.”

Sergey Kunz, 1inch co-founder

 

“Since our founding in 2012, Coinbase has held bitcoin and other crypto assets on our balance sheet — and we plan to maintain an investment in crypto assets as we believe strongly in the long-term potential of the cryptoeconomy.”

Coinbase

 

“Incredible scale for a technology that critics claimed couldn’t scale.”

Ryan Watkins, Messari researcher

 

“It’s very rare to see pre-GPU era bitcoins move, it only happened dozens of times in the past few years. And no, it’s probably not Satoshi.”

Antoine Le Calvez

 

“The company now holds over 90,000 bitcoins, reaffirming our belief that bitcoin, as the world’s most widely-adopted cryptocurrency, can serve as a dependable store of value.”

Michael Saylor, MicroStrategy CEO

 

“[I’m] very positive on Bitcoin, very happy to see a healthy correction here.”

Cathie Wood, Ark Investment Management founder

 

“We are now sitting on 2.35x the previous cycle ATH OF 20k. WE ARE JUST GETTING STARTED.”

Bitcoin Archive

 

“Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for individuals to participate in a global monetary system and secure their own financial future.”

Square

 

“I think you can expect that we’ll have a billion people storing their value — in essence, a savings account — on a mobile device within five years, and they’re going to want to use something like Bitcoin.”

Michael Saylor, MicroStrategy CEO 

 

“We’ve experienced 2018 & 2019. This is nothing.” 

Michaël van de Poppe, Cointelegraph Markets analyst

 

“I do think people get drawn into these manias who may not have as much money to spare. So, I’m not bullish on Bitcoin, and my general thought would be: If you have less money than Elon, you should probably watch out.”

Bill Gates, Microsoft founder

 

“But we’re now to the point where ETH 1.0 — oh, we need ETH 2.0 so soon, come on, Vitalik, get it going, man — ETH 1.0, most regular users are priced out of using the majority of applications on Ethereum.”

Lark Davis, crypto influencer

 

“I lost most of my life savings and haven’t received a response from a human. I’d think they would refund or they would lose all their customers. I’m sick to my stomach but will join the lawsuit with plenty of proof(screenshots) if not refunded.” 

u/dtk6802, Reddit user

 

“In our view, many institutional investors are entering with a buy-and-hold mentality given their understanding of Bitcoin as digital gold.”

Martin Gaspar, CrossTower research analyst

 

“I think Tesla is going to double down on its Bitcoin investment.”

Dan Ives, Wedbush analyst

 

Prediction of the Week

1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO

We love an outlandish prediction here at Hodler’s Digest… and Michael Saylor certainly delivered the goods this week.

The MicroStrategy CEO declared that Bitcoin will be the savings method of choice for a staggering 1 billion people in just five years’ time. That’s despite the fact that just 21 million BTC exist… and his company already owns 90,000 of it.

Saylor’s comments came after U.S. Treasury Secretary Janet Yellen launched her latest attack on Bitcoin, describing it as “inefficient.”

In a confident interview with CNBC, he declared that Bitcoin “is the dominant digital monetary network,” adding: “I think you can expect that we’ll have a billion people storing their value — in essence, a savings account — on a mobile device within five years, and they’re going to want to use something like Bitcoin.”

 

FUD of the Week 

 

Bill Gates warns Bitcoin buyers: If you have less money than Elon Musk, watch out

Microsoft founder Bill Gates had a big warning for Bitcoin buyers this week.

Speaking to Bloomberg, he warned: “Elon has tons of money, and he’s very sophisticated so, you know, I don’t worry that his Bitcoin would randomly go up or down.”

Gates said it would be a mistake for the average investor to blindly follow the mania of optimism surrounding Musk’s market moves, telling those who aren’t billionaires to “watch out.” 

Criticizing Bitcoin’s energy consumption, he added: “I do think people get drawn into these manias who may not have as much money to spare. So, I’m not bullish on Bitcoin, and my general thought would be: If you have less money than Elon, you should probably watch out.”

This isn’t to say that Gates thinks digital currencies are a bad thing. He just believes that they should be transparent, reversible and (essentially) centralized.

 

Whale who sold Bitcoin before 2020 crash cashed out $156 million before this week’s 20% dip

As you’d expect, a post-mortem is now fully underway after this week’s carnage in the crypto markets.

Curiously, data from Santiment suggests that the initial crash may have been linked to a huge transaction that took place after Sunday’s all-time high of $58,300. The transfer of 2,700 BTC — worth $156 million at the time — was the second-biggest transaction of 2021.

It’s possible that this whale cashing out contributed to unbearable selling pressure in the market, which snowballed into the largest one-hour candle in Bitcoin’s history. If enough alarm bells weren’t ringing, this self-same wallet also dumped 2,000 BTC just before last March’s infamous flash crash.

 

Crypto influencer warns Ethereum fees will drive users away

A prominent crypto influencer has warned that Ethereum’s competitors will continue to siphon away users should Eth2 fail to launch soon amid ever-increasing gas fees.

Lark Davis said Ethereum’s skyrocketing fees has meant that only “rich investors” can afford to use the network, prompting smaller users to switch to competitors like Binance Smart Chain. 

Describing the current gas fee prices as “totally loco,” Davis urged Ethereum developers to expedite the launch of Eth2 in response to the skyrocketing to prevent a further exodus of users to cheaper alternatives.He added: “We’re now to the point where ETH 1.0 — oh, we need ETH 2.0 so soon, come on, Vitalik, get it going, man — ETH 1.0, most regular users are priced out of using the majority of applications on Ethereum. […] A transaction on Uniswap costs $50 on average these days, and that is just crazy.”

 

Best Cointelegraph Features

 

Sam Bankman-Fried: The crypto whale who wants to give billions away

He’s just 28 years old, but Sam Bankman-Fried has already amassed a $10-billion fortune. But unlike most people in crypto, he’s building up this fortune to give half of it away.

Can’t beat ‘em? Join ‘em: Mastercard and Visa make a case for Bitcoin

Mastercard is set to open the shop doors to crypto as a means of payment in 2021, but it will likely be a challenge for the firm.

Bitcoin price flies solo? Institutional crypto push may be overrated

Bitcoin’s market cap broke the $1-trillion barrier without a final push from institutions — could their influence be overrated?

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‘Big Short’ Investor Michael Burry Warns Governments Could ‘Squash’ Bitcoin – Regulation Bitcoin News

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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned that governments could “squash” bitcoin in an inflationary crisis. Expecting more massive stimulus from the government, he said to “prepare for inflation.”

Michael Burry Shares His View on Bitcoin

American investor Michael Burry has warned that governments could “squash” bitcoin and even gold to protect their own currencies. Burry founded hedge fund Scion Capital and is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010.

In a series of tweets Thursday night, Burry wrote, “Prepare for inflation.” He expects more stimulus from the government to drive up prices, fuelling inflation, as the economy tries to recover from the coronavirus pandemic. He tweeted:

In an inflationary crisis, governments will move to squash competitors in the currency arena. $BTC #gold

Burry became famous after his billion-dollar bet against the U.S. housing bubble was chronicled in the book and movie “The Big Short.” The film was directed by Adam McKay and starred Christian Bale as Burry, Steve Carell, Ryan Gosling, and Brad Pitt.

In addition, his hedge fund was holding 1.7 million Gamestop shares but sold all of its holdings in the fourth quarter of last year, before the massive surge fuelled by Wallstreetbets. According to Forbes, “The stock sales mean Burry missed out on a Reddit-fueled 2,000% surge in the video game retailer at one point in 2021, which would have made him over $1 billion.”

Burry further clarified his stance on bitcoin in a tweet Saturday:

I don’t hate BTC. However, in my view, the long term future is tenuous for decentralized crypto in a world of legally violent, heartless centralized governments with lifeblood interests in monopolies on currencies. In the short run anything is possible – why I am not short BTC.

Do you agree with Michael Burry about bitcoin? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



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How to Buy Stellar Lumens (XLM) With Credit Card, PayPal or Bitcoin

When it comes to buying cryptocurrency, a new user may have a hard time following and performing the process. It is crucial to ensure you have a complete grasp on the subject at hand before you purchase it, and buying Stellar Lumens (XLM) is no exception.

A good starting point could be to observe the crypto coin’s price and the value that’s predicted to gain in the next few years. Understanding how to use exchange platforms and make purchases for Stellar Lumens, known by its ticker symbol ‘XLM,’ is essential to avoid being scammed, opening your account to attackers, or misplacing the money because of your own mistake.

Buy Stellar (XLM) with Different Payment Methods

Credit Card

Buying cryptocurrency can be somewhat confusing and a drawn-out process in many cases where you have to input all the banking and account information when linking a funding method. However, many platforms enable credit card linking, which simplifies the purchase of XLM considerably.

In these cases, credit cards are associated with the platform and used for direct funding of the account, which can then be used to either purchase the base asset (USDT) in a traded Stellar pair or buy a direct Stellar CFD (Contract for Difference).

Purchasing Stellar using a credit card is incredibly easy if done on a platform like Binance. Binance is a feasible option since it is registered and regulated, so there is a higher degree of confidence in making purchases for XLM on the platform. Buying XLM on Binance using a credit card can also be simplified on the website by linking your card via the funding methods of the platform’s section.

To buy Stellar using a credit card on Binance, first head to your account profile on the platform. You should see the ‘Deposit Funds’ button – click on it and add a form of payment – either credit or debit card – that you want. Once completed, enter the amount and execute the process – you should be able to buy XLM with the newly-deposited funds.

PayPal

Stellar can also be bought using PayPal. Both Binance and PayPal purchases are streamlined via the platform, and the process is similar. To purchase XLM using PayPal, use the ‘Deposit Funds’ option on the platform, in this case, Binance, and specify the account type as PayPal. After logging to your PayPal account, you’ll be able to fund your Binance account using PayPal.

Once the process completes, you’ll have the fiat money in your account, which you can use to purchase Stellar. The process is the same, except that you need to have an existing PayPal account that can be linked.

Bitcoin

Purchasing Stellar with Bitcoin can be a simple process if it’s done through the Binance exchange platform or a similar website. After signing up and entering your information, you can deposit funds to the account by utilizing the pre-generated Bitcoin address that the platform creates for you.

These wallet addresses signify deposit placements. Any Bitcoin you deposing to your Binance wallet will be seen as funds on the platform for you to trade. Therefore, any Bitcoin you send to the wallet can be used to buy XLM via the XLM/BTC trading pair.

Purchasing Stellar using Bitcoin is simple; however, the process can be easily complicated if the steps aren’t followed correctly. Most importantly, when depositing, make sure the address you’re using is the correct one and isn’t accidentally wrong.

The Bottom Line

Stellar is both a cryptocurrency and a protocol for other financial products or technologies. In the form of cryptocurrency, XLM can be sent, received, purchased and sold globally within seconds. This simple guide should help you purchase Stellar using various methods, including credit card, Bitcoin or PayPal.

What US presidents have said about crypto and blockchain

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In recognition of Presidents Day, Cointelegraph is taking a look at the remarks of current and former leaders of the United States regarding crypto and blockchain.

One of the earliest presidential adopters, Bill Clinton reportedly received his first Bitcoin (BTC) in 2016 — more than 15 years after his two terms in office. Though the Democratic U.S. president accepted the crypto asset gift from venture capitalist Matthew Roszak, seemingly with a smile on his face, he has been largely silent on the ecosystem. However, Clinton gave a keynote speech at Ripple’s Swell conference in 2018, calling blockchain a technology for which the “permutations and possibilities are staggeringly great.”

When the Bitcoin genesis block was generated on Jan. 3, 2009, George W. Bush had only a little more than two weeks left in office after serving two terms. Sworn in later that month, Barack Obama was the first U.S. president forced to deal with the regulatory implications of cryptocurrency and blockchain.

The 44th president arguably enacted policies to deal with the 2008 financial crisis that may have led to greater interest and adoption of cryptocurrencies, as many seemingly distrusted the role the government was playing in the financial system. However, Obama himself has made few, if any, public statements on the technology.

Last year, hackers took over a number of high-profile Twitter accounts, including those of former President Obama and then-presidential-candidate Joe Biden. The latter clarified in response that the entirety of his Bitcoin holdings was zero.

However, former host of The Apprentice Donald Trump has arguably been one of the most vocal public figures on crypto and blockchain. The price of Bitcoin rose to a then all-time high close to $20,000 less than one year into his first and only term. The subsequent explosion in initial coin offerings led to a regulatory crackdown by the Securities and Exchange Commission under Trump.

Two years ago, Trump voiced his opposition to the technology in a series of tweets, saying he was “not a fan of Bitcoin and other cryptocurrencies,” referring to them as “not money,” “highly volatile,” and “based on thin air.” He also attacked Facebook’s Libra, now Diem, token as having “little standing or dependability.”

His seeming disdain for digital assets was not limited to social media rants. Trump reportedly told his treasury secretary, Steve Mnuchin, to “go after Bitcoin” in response to trade sanctions and tariffs against China. The conversation reportedly took place in May 2018.

As President Biden has been in office for less than a month, it is unclear whether we can expect additional public statements from him on crypto. Members of his cabinet hold diverse views about the ecosystem. Treasury Secretary Janet Yellen said during her confirmation hearing that cryptocurrencies are used “mainly for illicit financing.” However, SEC Chairman Gary Gensler is considered by many to be a crypto-friendly face for the administration, given his understanding of the space, as he has taught courses on digital assets and blockchain at MIT and said that the crypto market needs regulation to grow.

What would the founding founders have said about digital currencies? Though the technology may have been impossible to imagine at the time, the dangers of the centralization of banks did not escape Thomas Jefferson. The third U.S. president wrote: 

“Banking establishments are more dangerous than standing armies and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”