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FIRST IN PI — VIATRIS’ JASO JUMPS TO BROWNSTEIN: Joe Jaso is joining Brownstein Hyatt Farber Schreck’s government relations team as a policy director working on state and federal issues. He joins the firm from Viatris, the company formed through the merger of Pfizer’s Upjohn and Mylan, where he was head of U.S. state government affairs. He was Mylan’s head of state government affairs prior to the merger. He was also vice president of federal affairs at McGuireWoods Consulting and a vice president at Dutko Worldwide.
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The CFPB names more specific risks that consumers should be prepared for, including volatile exchange rates, potential high fees on exchange platforms, and fraud risk. If your funds are lost or stolen, they can be especially difficult to recover, thanks to the decentralized nature of blockchain and lack of any governmental oversight.
The growth of SafeMoon, coupled with its online slogan, has drawn comparisons to the surge in popularity of another cryptocurrency Dogecoin.
Cryptocurrency developers build these protocols on advanced mathematics and computer engineering principles that render them virtually impossible to break, and thus to duplicate or counterfeit the protected currencies.
Elon Musk’s announcement that Tesla would no longer be accepting Bitcoin as payment on environmental concerns was followed by China issuing a crypto crackdown.
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The current Safemoon crypto price is $0.000002663, up more than 17% in the last 24 hour period.
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One investor who wasn’t deterred was Barstool Sports Inc. founder Dave Portnoy. In May, he announced to his 2.6 million followers on Twitter that he’d bought US$40,000 worth, despite saying that SafeMoon could be a Ponzi scheme, a scam in which early investors’ returns are paid with funds coming from later buyers that collapses when new deposits dry up or too many people try to cash out.
Recently, such platforms have come under increased scrutiny by lawmakers and regulators. Binance in particular is reportedly under review by regulators in the U.S., Britain, Germany, Japan, Hong Kong and elsewhere.
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The algorithm allowed for secure, unalterable information exchanges between parties, laying the groundwork for future electronic currency transfers.
Crypto gains may be fueling the labor shortage as people buck low-paying work and take their chances on risky digital assets, research firm says
When the spectre of restrictive regulation hovers over the cryptocurrency markets, steep drops invariably occur. If it happens to concern China or the US, brace yourself if you’re an investor—the market never stops trading, and what took months to build can crumble to nothing in an afternoon.