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Coinbase mafia shows how tight a circle holds sway over Bitcoin
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Bitcoin s long-term value doubted due to ESG, tighter regulation
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Confused About Bitcoin as I Am? Some Answers to Your Questions | Opinion
On 02/28/21 at 7:00 AM EST
It s been quite a few weeks, news-wise, for Bitcoin, specifically, and the world of crypto-currency in general. For instance, the price of bitcoin recently roller-coastered. It was high as around $58,000 last weekend, plunged to $46,000 or so. And the last time I checked, was creeping back up again towards 50k. Hands, as a result, my friends, started to wring. New York University economist
New York Times conference, said that Bitcoin is an extremely inefficient way of conducting transactions. New York Attorney General
Letitia Jamessqueezed $18.5 million in fines out of a couple of cryptocurrency firms, Tether and Bitfinex. Meanwhile, Twitter chief
Coinbase mafia shows how tight a circle holds sway over bitcoin
Coinbase Global’s filing to become a publicly traded company provides a glimpse into the remarkably small circle of mostly men who command the incredibly lucrative digital landscape.
This US-based power list starts with Brian Armstrong, the now billionaire CEO of Coinbase, and his co-founder, Fred Ehrsam, who went on to create Paradigm Operations. Fellow billionaire Fred Wilson of Union Square Ventures, and Andreessen Horowitz’s Chris Dixon, are among the original venture capitalists that will reap large windfalls from the direct listing of the exchange.
Even though verified users of Coinbase, the largest US digital-asset exchange, jumped 34% to 43 million last year as bitcoin more than quadrupled, control of the largest cryptocurrency remains narrow. Less than 2% of the anonymous ownership accounts that can be tracked on bitcoin’s blockchain control 95% of the digital asset, according to researcher Flipsi
Coinbase Mafia Shows How Tight a Circle Holds Sway Over Bitcoin
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