Archive for the ‘Fintech’ Category
Innovation in currency through financial technology is a bumpy ride for Bitcoin and Ethereum enthusiasts, but what of cross-border payments and blockchain insurance?
Basil Seggos: Cryptocurrency Gas
on Wednesday, November 10, 2021Basil Seggos Money Quote saying as New York State Environmental Commissioner that decommissioned power plants converting to power crypto-mining operations is fueling greenhouse gas emissions. Basil Seggos said:
“New York state is leading on climate change, and we have some major concerns about the role cryptocurrency mining may play in generating additional greenhouse gas emissions” — Basil Seggos
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Eric Adams: Paychecks in Bitcoin
on Friday, November 5, 2021Eric Adams Money Quote saying as Mayor elect of NYC that he’d make Fintech and Bitcoin important parts of financial markets in New York. Eric Adams said:
“In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!” — Eric Adams
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In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!
— Eric Adams (@ericadamsfornyc) November 4, 2021
Gary Gensler: Private Forms Money
on Friday, October 22, 2021Securities and Exchange Commission Chairman Gary Gensler Money Quote saying that stablecoins and cryptocurrency are private forms of money and may lack long-term viability. Gary Gensler said:
“Public money has a certain place around the globe, Private monies usually don’t last long, so I don’t think there’s a long-term viability for 5 or 6,000 private forms of money. History tells us otherwise” — Gary Gensler
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Jerome Powell: Regulate Crypto
on Friday, October 1, 2021Jerome Powell Money Quote saying cryptocurrency is similar to money market funds and should be regulated the same. Jerome Powell said:
“Stablecoins are like money market funds, they’re like bank deposits. But they’re to some extent outside the regulatory perimeter, and it’s appropriate that they be regulated” — Jerome Powell
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Here’s the money quote 💸#FederalReserve Chair #JeromePowell very clear that he has no intention to BAN #cryptocurrencies but they will regulate 👇#bitcoin #dogecoin #Ethereum #crypto pic.twitter.com/OAzJbh1pjk
— Susan Li (@SusanLiTV) September 30, 2021
Jack Dorsey: Bitcoin Changes All
on Sunday, August 22, 2021Jack Dorsey Money Quote saying bitcoin is of paramount importance – even worth it means dropping everything else to work on it. Jack Dorsey said:
“Bitcoin changes absolutely everything, I don’t think there is anything more important in my lifetime to work on. If I were not at Square or Twitter, I would be working on bitcoin. If [bitcoin] needed more help than Square or Twitter, I would leave them for bitcoin. But, I believe both companies have a role to play” — Jack Dorsey
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Olawale Daniel: Bitcoin Commodity
on Tuesday, May 19, 2020Olawale Daniel Money Quote saying cryptocurrency and the technology supporting it are distinct commodities, not portions of one another. Olawale Daniel said:
“You might think of bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities” — Olawale Daniel
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Bill Ackman: Shutdown Capitalism
on Sunday, May 10, 2020Bill Ackman Money Quote saying short term shutdown is financially feasible, while long term shutdowns threaten capitalism. Bill Ackman said:
“Capitalism does not work in an 18-month shutdown; capitalism can work in a 30-day shutdown” — Bill Ackman
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Paul Volcker: Global Currency
on Thursday, December 12, 2019Paul Volcker Money Quote saying something that has a new meaning (cryptocurrency) he might not have intended when he said it. Paul Volcker said:
“A global economy requires a global currency” — Paul Volcker
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