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Since the incredible bull run last year, early adopters, and even people who invested in cryptocurrencies back in January 2017, have made an incredible amount of financial gains. In the U.S. some people who want to cash out a good chunk of money realize they’ll end up paying the taxman (IRS) a lot of money … Read more
This summer, over 50,000 trades on popular crypto exchange Kraken, concerning the very controversial alternative coin tether (USDT), were analyzed by journalists, an academic, and a former US Federal Reserve regulator. They describe activity monitored as highly unusual in that larger orders of tether failed “to sway prices much.” Red flags were raised due to … Read more
Today marks a landmark decision in the MtGox debacle, where as the Japanese court approves rehabilitation of the Bitcoin exchange from bankruptcy. Despite the positive news, markets are tumbling, as many top altcoins are experiencing double digit percent losses aside Bitcoin’s decline. The ruling by the court today marks Bitcoin exchange MtGox as the first … Read more
The St. Louis Fed has added price tracking of four cryptocurrencies to their research database Go to Source Powered by WPeMatico
The U.S. Fed needs to seriously look into issuing a digital currency, despite risks for credit availability, says former FDIC Chair Go to Source Powered by WPeMatico
The central banks of Norway and England have published reports exploring different models for central bank-issued cryptocurrencies. By contrast, Federal Reserve governor, Lael Brainard, recently expressed her opposition to central bank cryptocurrencies – claiming that such would result in broad “macroeconomic consequences.” Also Read: Chilean President Considering Regulation of Cryptocurrencies Decline of Cash Prompts Norwegian Central … Read more
WSJ report says Coinbase spoke to U.S. regulators about getting a banking license Go to Source Powered by WPeMatico
St. Louis Federal Reserve President, James Bullard, was recently interviewed at this year’s Consensus conference in New York City. That a top US economic policy maker was in attendance is victory enough; however, he was asked his opinions on cryptocurrency going forward by CNBC Global Markets Reporter Seema Mody. He explained he found the phenomenon … Read more
The San Francisco Federal Reserve released an Economic Letter suggesting that the introduction of Bitcoin futures trading directly influenced the December 2017 price decline Go to Source Powered by WPeMatico
Central banks all over the world are – for the most part – convinced that issuing their own versions of Bitcoin serves no real purpose as of right now. The Federal Reserve, on the other hand, may have different ideas. One of its former officials is still convinced that the concept of FedCoin holds a lot … Read more
