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 | | | | | | 1. Crypto exchange GO.Exchange is shutting down, citing "increasing regulatory complexities and uncertainty." In an announcement, the platform said that it would be closing its doors on March 15, 2020. As of today, it won't accept any more customers or allow transactions to take place on the exchange, other than withdrawals, according to a statement. Existing customers will no longer be able to deposit or perform transactions, and they have until the closing date to withdraw their assets from the platform. Since launching in 2018, GO.Exchange applied for a Maltese license in order to operate in a regulated environment. However, the exchange said that "despite our advancement on the license, we decided to stop this effort due to external factors that came into the picture" such as regulations involving the crypto space. -DECRYPT |     | | | 3. Throwback Thursday: Paul Krugman's opinion on Bitcoin On January 29, 2018, Paul Krugman, a New York Times columnist and professor in the Graduate Center Economics Ph.D. program, wrote an opinion piece titled "Bubble, Bubble, Fraud and Trouble." Prior to writing this article, Bitcoin had enjoyed a soaring rise to $20,000 during the mid-December 2017 bull run; however, at the time of Krugman's article, the value of Bitcoin had dropped to over $11,000. In his article, Krugman questioned: "Bitcoin a giant bubble that will end in grief?" Answering himself, he said, "yes." Going on, he states that Bitcoins, like "$100 bills aren't much use for ordinary transactions: Most shops won't accept them." He then goes on to say that "Benjamins" are popular with drug dealers, tax evaders, and thieves, implying that Bitcoin is the same. In Krugman's opinion, Bitcoin is a bubble, "but it's also something of a cult whose initiates are given to paranoid fantasies about evil governments stealing all their money." Ending his article, the New York columnist states buying Bitcoin will end badly, "and the sooner it does, the better." |  | | | | | This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Edited by Kathleen Walder, staff writer at Inside. @katwalder on Twitter. | | | | | | | |
