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Joe Biden’s pick to become the new U.S. Treasury Secretary, Janet Yellen, has clarified her stance on bitcoin and cryptocurrencies. This follows her remarks during a Senate hearing when she said that cryptocurrencies are mostly used for illicit financing. Janet Yellen Clarifies Her Crypto Plans Janet Yellen clarified her position on the regulation of cryptocurrencies … Read more
A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB President Christine Lagarde that cryptocurrencies are mostly used for illicit financing. Crypto Crime Plummeted in … Read more
A handful of altcoins posted double-digit gains while Bitcoin’s relief rally was halted by resistance at $34,000. Go to Source Powered by WPeMatico
The Senate Committee on Finance backed Yellen’s nomination in a show of bipartisan support. Go to Source Powered by WPeMatico
Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.” Go to Source Powered by WPeMatico
Janet Yellen, Joe Biden’s pick for the Treasury Secretary, has revealed her policy for cryptocurrencies, including bitcoin. She claims that cryptocurrencies are mainly used for illicit financing and their use needs to be curtailed. Janet Yellen Reveals Her Plans for Cryptocurrencies In the Senate hearing to consider Janet Yellen’s nomination as Secretary of the Treasury … Read more
Janet Yellen’s critical comments about cryptocurrencies put a damper on the wider market just as Ethereum price reached a new all-time high. Go to Source Powered by WPeMatico
Janet Yellen claimed many cryptocurrencies are used “mainly for illicit financing.” Go to Source Powered by WPeMatico
With Janet Yellen the presumptive Treasury Secretary, Biden’s potential nominations to the U.S. regulatory apparatus will be critical. Go to Source Powered by WPeMatico
Bitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that while bitcoin remains a volatile asset he does not expect its price to drop to … Read more
