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The Little Book of Bitcoin: What You Need to Know That Wall Street Has Already Figured Out by Anthony Scaramucci

The Little Book of Bitcoin: What You Need to Know That Wall Street Has Already Figured Out

by Anthony Scaramucci
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Book cover type: Hardcover
  • ISBN13: 9781394286645
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Wiley
  • Publisher Imprint: Wiley
  • Publication Date:
  • Pages: N/A
  • Original Price: USD 27.95
  • Language: English
  • Edition: N/A
  • Item Weight: 277 grams
  • BISAC Subject(s): Finance / Wealth Management, Investments & Securities / Analysis & Trading Strategies, and Personal Finance / Investing

From the Inside Flap

Permanent and pervasive change is being driven by the technological and cultural transition known as crypto. Written by Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, The Little Book of Bitcoin describes how crypto works and how it will impact your financial life.

This book begins with a review of the "magic math" behind the cryptographic function called a hash, explaining how they can be used to create a verifiable authentic copy of any digital file, as well as how a hash can be updated and shared by the owner of the digital file. Scaramucci then delves into the idea of the "public computer" of crypto, where uninterrupted and unhackable orchestrated cooperation between users is achieved.

From there, this book covers the digitization of dollars through stablecoins such as Tether and Circle and the inevitable legislation of stablecoins, as well as more functional protocols of crypto, such as Ethereum, and the various applications it enables. Readers will also learn about "mining" and "staking" in Bitcoin and Ethereum respectively, which invite participation from users around the world.

Trading the growing number of cryptocurrencies is covered next, especially using community (known as decentralized or DeFi) platforms like Uniswap, as well as centralized alternatives such as Binance and the pros and cons of each type of trading. Lastly, this book covers the ongoing challenges of implementing anti-money laundering (AML) and know your customer (KYC) verification processes in anonymized community platforms, as well as the broader implications of decentralized finance worldwide.

The Little Book of Bitcoin is an essential up-to-date guide on digital asset technology and its disruptive effects for finance professionals worldwide.

Anthony Scaramucci, JD, is the founder and co-managing partner of SkyBridge Capital, the global alternative investment manager that invests in hedge funds, digital assets, private equity, and real estate.

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