Why a bitcoin ETF is just more hype
The US regulator’s approval of bitcoin ETFs says nothing about where the chips will eventually fall in a world still searching for a crypto use case.
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The US regulator’s approval of bitcoin ETFs says nothing about where the chips will eventually fall in a world still searching for a crypto use case.
Crypto prices are soaring, hackers are mobilising and Redditors are pumping. But the promise of game-changing, gold-like adoption looks like a meme too far
With the spectacle of Bitcoin ETF approval resembling Wrestlemania, the hype is deafening, but a promise of gold-like adoption seems elusive.
The company says the new index dubbed Lightning Network Rate (Liner) could be like Bitcoin’s version of the London Interbank Offered Rate (Libor), a global reference rate for loans. Liner complements Magma, the Lightning liquidity marketplace launched by Amboss last year.
In testimony before the U.S. Senate Banking Committee, actor Ben McKenzie and professor Hillary Allen offered inaccuracies about Bitcoin.