Steven Ehrlich

2 weeks ago | unchainedcrypto.com | Steven Ehrlich

Crypto is riding high once again. Bitcoin just reached a new all-time high of $111,814, Coinbase became the first crypto company in the S&P 500, and a growing pipeline of industry firms are looking to go public in the suddenly frothy crypto market.

2 weeks ago | forbes.com.au | Ty Roush |Antonio Pequeño IV |Derek Saul |Steven Ehrlich

Bitcoin reached an all-time high Wednesday, surpassing a record set shortly after President Donald Trump's inauguration, after the Senate advanced further regulations on some cryptocurrencies earlier this week, sparking a broader crypto market surge and regulatory optimism. Key Facts The price of bitcoin rose by more than 4% to around $109,700 Wednesday afternoon, surpassing a previous all-time high of $109,228 on Jan. 20.

2 weeks ago | unchainedcrypto.com | Steven Ehrlich

Stablecoins are about as perfect a business as one can get. Customers give you money, you issue them a token representing $1, and then you can invest that stockpile of money in U.S. treasuries and other short-term holdings. You don’t have to share any of the profits with customers. In fact, according to the text of the GENIUS Act, which achieved cloture in the U.S. Senate Monday night, it would be illegal to do so.

2 weeks ago | forbesindia.com | Steven Ehrlich |Nina Bambysheva

In late November, just three weeks after Trump’s election, Sun plunked down the $30 million ostensibly needed to cover operating expenses. “I see WLF as a strong player in the financial technology space,” Sun says, unconvincingly. He’s more eloquent when discussing the idea of Trump as a one-man “cheat code” for crypto, “and then your development will be so much better than before.”That $30 million ignited a buying frenzy that primarily benefits the Trump family.

3 weeks ago | unchainedcrypto.com | Steven Ehrlich

Nothing in crypto’s 15-year history has been easy. So it makes sense that in the very week its first company, Coinbase, gets added to the S&P 500, that same firm discloses a massive data hack that could cost it as much as $400 million in restitution to affected clients. And this is an exchange that has famously never been hacked. There is a lot to process when something like this happens in crypto, especially when it involves what many people see as the industry’s leading light.