St Louis Fed – DIGIT INFO

As Bitcoin’s Yearly Inflation Rate Dips to 1.77%, BEA Data From May Shows US Inflation Fears Are Legitimate

The U.S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3.4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling inflation concerns. Amid ‘Never Ending’ Market Rallies, Core […]

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St. Louis Fed’s James Bullard Thinks Cryptocurrencies are Counterproductive

Not everyone is a big fan of Bitcoin and other cryptocurrencies. This is especially true in the case of government officials and banking experts. The St. Louis Federal Reserve Bank’s James Bullard recently made an interesting comment. In his view, cryptocurrencies oppose the need to create a market-based currency trading system with consistent pricing. James Bullard Dislikes Cryptocurrency It is evident the growth of Bitcoin and other cryptocurrencies should not be underestimated. Despite a fair few price dips in the past few months, it seems the general demand for exposure to Bitcoin and altcoins is not diminishing in the least. This is not to the

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St. Louis Fed Sees no Point in Central Banks Creating Monopoly Cryptocurrencies

In the world of cryptocurrency, there is a fair amount of competition as of right now. Until very recently, it seemed central banks would get in on the action as well, yet they have decided not to pursue this option any longer. A new report by the St. Louis Fed states that cryptocurrency developers are “welcome to create anonymous forms of money”. It’s a surprising line in an otherwise standard report. Anonymous Cryptocurrencies Get Positive Remarks Truth be told, the report by the St. Louis Fed is pretty interesting. It touches upon the concept of cryptocurrencies and how central banks should play no

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Not Dead: There’s Good Reason to Be Long on Bitcoin

With western Christianity set to celebrate the basis of its theology this weekend, bitcoiners the world over might be showing up to churches in droves, hoping one resurrection might lead to another. The ecosystem’s main prophet, Tom Lee of Fundstrat Global Advisors, has outlined four reasons why enthusiasts ought to be bullish on the future: […]

The post Not Dead: There’s Good Reason to Be Long on Bitcoin appeared first on Bitcoin News.

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