• Trends with Benefits

    Bad Actors in Bitcoin with Jake Chervinsky

    Ed Lopez, Head of ETF Product
     

    I continue our special bitcoin podcast series by exploring the perceptions, realities and implications of bad actors in bitcoin with Jake Chervinsky. In addition to serving as General Counsel at Compound Labs, he works on regulatory policy for the crypto industry through the Blockchain Association. So, he spends a lot of time working with legislators and has a great sense of how they view crypto.

    Listen to Podcast


    Subscribe Now

    Apple Podcasts

    Apple Podcasts |

    Google Play

    Google Play |

    Spotify Spotify |

    Stitcher Stitcher|

    Sound Cloud SoundCloud

    Are There Bad Actors in Bitcoin?

    One of the outcomes of the Colonial Pipeline in the May 2021 hack was the renewed storyline of bitcoin as a platform for illicit activity. Naysayers, blamed bitcoin for the increasing number of hacks being experienced due to its ease in use of facilitating and collecting ransom demands.

    The hack shined a light on bitcoin’s role in the hack, both in the ransom paid and in the ransom recovered. The fact bitcoin was recovered seems to suggest that bitcoin isn’t quite the perfect criminal solution some have made it out to be. Perhaps that helps explain the data point Jake shared, that illicit activity in bitcoin made up less than 1% total activity.

    So, then what? If you are considering an investment in bitcoin, should you care if the bitcoin you receive was previously used in criminal activity? Whose responsibility is it to monitor for the possibility of tainted coin? These are just a couple of the topics Jake and I cover. We also talk about regulations he’s monitoring globally and his thoughts about the possibility of seeing a China-like crypto crackdown here in the U.S.

    Trend or Fad

    Listen for Jake’s take on investing in collectibles, hybrid work weeks, and lab grown meat.


  • Important Disclosure

    For informational and advertising purposes only.

    This information originates from VanEck (Europe) GmbH which has been appointed as distributor of VanEck products in Europe by the Management Company VanEck Asset Management B.V., incorporated under Dutch law and registered with the Dutch Authority for the Financial Markets (AFM). VanEck (Europe) GmbH with registered address at Kreuznacher Str. 30, 60486 Frankfurt, Germany, is a financial services provider regulated by the Federal Financial Supervisory Authority in Germany (BaFin). The information is intended only to provide general and preliminary information to investors and shall not be construed as investment, legal or tax advice. VanEck (Europe) GmbH and its associated and affiliated companies (together “VanEck”) assume no liability with regards to any investment, divestment or retention decision taken by the investor on the basis of this information. The views and opinions expressed are those of the author(s) but not necessarily those of VanEck. Opinions are current as of the publication date and are subject to change with market conditions. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index.

    All performance information is historical and is no guarantee of future results. Investing is subject to risk, including the possible loss of principal. You must read the Prospectus and KIID before investing.

    No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of VanEck.

    © VanEck (Europe) GmbH

     

  • Authored by

    Ed Lopez
    Head of ETF Product

    Ontdek mijn artikelen