Gary Smith, professor of economics at Pomona College, and Jeffrey Funk, winner of the NTT DoCoMo Prize in Mobile Science, wrote that Trump's embrace of Bitcoin, or the largest "pull-up-and-sell" in history, would certainly push up the price of Bitcoin if the US federal government spent trillions of dollars buying it. But how can the US government pay off the national debt by buying Bitcoin at an overvalued price? Perhaps Trump envisions a "pull-up-and-sell". In "pull-up-and-sell"...
On January 11th, according to Cointelegraph, finance professor David Krause said that a sharp drop in the price of bitcoin could seriously affect MicroStrategy, endangering its ability to repay its debt and possibly leading to financial distress or bankruptcy, triggering a stock sell-off. Financial analyst Jacob King said that when MicroStrategy's share price is higher than its net asset value of bitcoin, the company will raise funds through debt or equity to buy more bitcoin. This circular stra...
StarkWare has announced that computer science professor Moni Naor has joined its scientific board as a principal investigator. At StarkWare, he will focus on topics such as Bitcoin cryptography and decentralization of Starknet. StarkWare says Moni has made pioneering contributions to computer science, including pioneering research on public key systems that are resistant to selected ciphertext attacks, non-scalable cryptography, visual cryptography, and innovative methods of authenticating human...
Omid Malekan, an adjunct professor at Columbia Business School, said in an Oct. 26 X post: "Memecoins are a form of economic populism in their own right, and a Trump presidency would be" bad for Memecoins "because they are a" form of economic populism and a statement against injustice. " Malekan added: "Regulatory sanity in the United States is bad for Memecoins because it refocuses the focus of cryptocurrencies on DApps and other really important cryptocurrencies."
Wharton professor Jeremy Siegel, known as the "godfather of the stock market", recently wrote that the Federal Reserve should consider deeper interest rate cuts or risk a recession. Siegel argued in the article that most economic models suggest that Powell should choose the level of the federal funds rate that best suits the economy, rather than focusing on the speed of rate cuts from very restrictive levels.
Crypto KOL Professor Crypto has yet to publicly respond to allegations that it used bots to manipulate its social media metrics and influence, shortly after winning the "Best Content Creator" award. On-chain detective ZachXBT accused it of using "thousands of bots" to "trick people into thinking you have influence". He also hinted that the move could violate a US FTC (FTC) rule that "prohibits anyone from selling or buying false social media influence metrics that are less than...
Campbell Harvey, a finance professor at Duke University, said of Mr. Trump's announcement of World Liberty Financial, a crypto project: "This move is consistent with Trump's pro-cryptocurrency policy stance. It's one thing to say you support crypto, it's another to start a company in this space." X Spaces, which lasted more than two hours yesterday, did not reveal the specific details of the project, nor did it reveal any details.
In an interview with DL News about the SEC's WellNotice against OpenSea, law professor Brian Frye and artist Jonathan Mann said: "Suing OpenSea is like suing eBay for selling trading cards or Sotheby's for selling art. The SEC's only criterion is whether the asset is on the blockchain." Previously, two NFT artists sued the US SEC over whether NFTs are securities and their jurisdiction. Law professor Brian Frye and "Songa Day Mann" songwriter Jonathan M...
Professor Pavun of Yale University recently published a paper sharing his views on the future development of the game industry and the Web3 game industry, proposing a new theory of ServerFi, which is expected to become the next capital and community bet in the Web3 industry. This paper analyzes in detail the development milestones and bottlenecks encountered in the game industry over the past few decades, points out the important reasons for the collapse of game economics (Tokenomics), and expla...