Are Central Bankers Ready for Payments Theater? — CoinDesk

OnlyFans’s recent ban of explicit porn (which was rescinded after a few days) illustrates how divisive payments governance can be. We still don’t know why OnlyFans decided to hack off one of its own legs, but it may have had something to do with the rules of the underlying payments systems on which the site relies. The media fallout was a huge PR disaster for all involved, including Mastercard. If FedSend was part of the picture, it, too, would have been dragged into the controversy. Source link

How to Set Up a Bitcoin Miner

A Field Programmable Gate Array (FPGA) is an integrated circuit designed to be configured after being built. This enables a mining hardware manufacturer to buy the chips in volume, and then customize them for bitcoin mining before putting them into their own equipment. Because they are customized for mining, they offer performance improvements over CPUs and GPUs. Single-chip FPGAs have been seen operating at around 750 MH/sec, although that’s at the high end, although manufacturers could put more than one chip on a board. Source link

Do NFTs’ Crazy Valuations Make Them Art? A Leading Collector Says No

Recent auctions of non-fungible tokens (NFT) at the Christie’s and Sotheby’s auction houses might give the impression the fine art world has embraced the new crypto-art trend with open arms. But that would be a mistake. According to one of the art world’s biggest players, the auction houses aren’t leading tastemakers and NFTs still have very little foothold in the broader fine art industry. “The early signals we see in the art world are around what galleries, collectors and curators do,” says Scott Lynn, CEO of art investing service Masterworks,…

5 Ways Bitcoin Can Play a Role in a Portfolio — CoinDesk

When you run a financial plan for clients, for instance, how often do you run a scenario of the U.S. dollar losing its reserve status? When do you run the consistent and accelerating devaluation of the U.S. dollar in a plan? Never? The facts are that bitcoin, even in a small amount, allows you to solve this what-if for clients. You can run a scenario of a small allocation of bitcoin going to $0 and the client still having a successful outcome. Source link

How Do You Value Digital Assets? — CoinDesk

“Broadly, as financial advisors, we have a hard time assessing actual cryptocurrencies as true money, and we don’t feel they are really a store of value now given their volatility,” said Solcher. “We do, however, believe in the technology, and that’s the place we’re more comfortable putting our investment dollars.” Source link