cryptocurrency – The Musings of the Big Red Car

The Texas Cryptocurrency Love Affair Blossoms

Big Red Car — Fri, 18 Jun 2021 14:20:03 +0000

The Governor of Texas, Greg Abbott, a truly great governor, has signed into law something called the Virtual Currency Bill which began life as House Bill 4474 as sponsored by Representative Tan Parker a huge supporter and proponent of blockchain technology and cryptocurrency. The bill was considered by the Texas House of Representatives’ Pensions, Investments, […]

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Bitcoin $30,000, Inviting Increased Regulation?

Big Red Car — Mon, 28 Dec 2020 19:00:57 +0000

BBBBBBBBBitcoin has been on a run recently with its quoted price as high as $28,288.84 on 27 December 2020. The total value of all BTC is now flirting with half a trillion USD. Huge consideration — there will only ever be 21,000,000 BTC. Constrained supply in the face of increasing demand? What does that suggest […]

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Kik Gets Poured Out v SEC

Big Red Car — Tue, 13 Oct 2020 18:05:40 +0000

Two weeks ago, Judge Alvin Hellerstein, Federal District Judge of the Southern District of New York, ruled that Kik’s $100,000,000 token distribution event was an illegal issuance of a security — an unregistered securities offering — based upon his analysis of the Howey Test. It is important to note that Judge Hellerstein’s ruling was on […]

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Walmart Cryptocurrency, The Walmart Coin

Big Red Car — Mon, 19 Aug 2019 14:36:03 +0000

A couple of weeks ago, Walmart announced that it had applied for a cryptocurrency patent thereby spawning speculation that Walmart Coin was being plotted. It wasn’t Facebook with a crowd of the crypto Illuminati floating the idea of its Libra coin to be overseen by gnomes in Geneva. It didn’t attract a lot of fanfare, […]

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Libra v The Senate

Big Red Car — Tue, 16 Jul 2019 21:18:50 +0000

Today, the US Senate grilled Facebook’s Chief Libracan about all things Libra. David Marcus is actually the head of Facebook’s crypto wallet subsidiary, Calibra. He was offered up as a human sacrifice to the US Senate Banking Committee to lay out the Libra project. Reports are he was able to walk out on his power. […]

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Criminalizing Crypto in India

Big Red Car — Sat, 08 Jun 2019 18:54:03 +0000

Big Red Car here getting ready for a trip to Sam’s. So, I’m reading a few things and stumble on an interesting article about India and its attitude toward crypto. This is interesting for a number of reasons, not the least of which is that twenty percent of the world’s population lives in India. Here […]

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United States Securities and Exchange Commission v Kik (Kin)

Big Red Car — Wed, 05 Jun 2019 22:47:45 +0000

Yesterday, the United States Securities and Exchange Commission sued Kik Interactive Inc, a Canadian company, for “…conducting an illegal $100 million securities offering of digital tokens.” Here is the SEC Press Release. The issuance of “tokens” has been a supercharged issue in the cryptocurrency world for some time as the issuers contend these tokens are […]

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The Wizard of Omaha and Tech

Big Red Car — Tue, 21 Aug 2018 15:56:56 +0000

Big Red Car here on a lovely, sunny Texas day, y’all. Hope it is going well for you and yours. I always like to take a peek at what Warren Buffet owns as it relates to stocks. It is often an eye opener. It is often pretty damn plain vanilla and boring, but something caught […]

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