Monthly Archives: November 2017

The Case for a Cryptocurrency Market Bubble

By | November 22, 2017

Courtesy of Lee Reiners, Ryan Clements, and Sean Semmler Predicting the future price of Bitcoin and other cryptocurrencies is a fool’s errand. If you believe otherwise, take a look at BitcoinObituaries.com, which provides a running list of articles from publications such as The Economist and The Wall Street Journal that proclaim the end of Bitcoin… Read More »

New CFTC Primer Casts Uncertainty on Unregulated Utility Token Market. Is This An Application of Goodhart’s Law?

By | November 13, 2017

On July 25th, the Securities and Exchange Commission (SEC), citing the long established “Howey Test”[1] and other cases,[2] determined that a public offering of digital tokens known as “the DAO” was in fact an offering of securities that was subject to federal law. While this ruling temporarily quelled an otherwise raging initial coin offering (ICO)… Read More »