SAMUEL HIRSCH—Cryptocurrency has multiple uses for investors. First, cryptocurrency is a form of currency used to purchase goods and services or store value, similar to traditional currency. The popular tokens in this realm include Bitcoin and Ethereum. Another use of cryptocurrency has grown more popular recently. Investors purchase crypto tokens to acquire voting rights in […]
DANIEL MAYOR—The recent high-value sales of digital art NFTs (non-fungible tokens) by Beeple, and, even more recently, of a self-portrait NFT made by Sophia the Robot, signals the digital token’s acceptance as an attractive new asset for tech-savvy creatives. But avant-garde digital artists are not the only early-adopters of this craze and organizations like the NBA have made […]
ROSANA B. FERNANDEZ—Since its inception in 2009, governments all over the world have been struggling with how to regulate cryptocurrencies. Congress seems to have come up with a solution: calling it a security. As Congress prepared for their holiday recess, the House of Representatives introduced the “Cryptocurrency Act of 2020.” The bill’s stated purpose is […]
SARAH VALENTI—The regulation of cryptocurrencies has been the subject of several high profile hearings over the past few months. Despite all the attention, have we moved any closer to establishing regulations on this emerging market? Likely not, based on the IRS’s failure to put out comprehensive guidelines for investors and Congress’ failure to competently hold […]
JOSEPHINE JORGENSEN—2017 is a big year for Bitcoin: its value continues to rise and reach new records. Bitcoin reached a record high of more than $7,400 on November 3, bringing the market capitalization above $124 billion. Those that bought into Bitcoin early on have made an impressive return on their investment. An original investment of […]
