US Treasury Secretary floats idea of digital dollar maintained by the Fed
She still questioned how regulators would “manage money laundering and illicit finance issues” with digital currencies. Go to Source Powered by WPeMatico
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Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament
Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation. Cryptocurrencies to Be Considered Property in Russia Russia’s State Duma, the lower house of Parliament, adopted a bill that recognizes cryptocurrencies as … Read more
‘Big Short’ Investor Michael Burry Warns Governments Could ‘Squash’ Bitcoin
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned that governments could “squash” bitcoin in an inflationary crisis. Expecting more massive stimulus from the government, he said to “prepare for inflation.” Michael Burry Shares His View on Bitcoin American investor Michael Burry has warned that governments could “squash” bitcoin and … Read more
Federal Reserve Bank President James Bullard Confident Bitcoin Not a Threat to US Dollar
The president of the Federal Reserve Bank of St. Louis, James Bullard, has shared his view on the future of bitcoin. He is confident that the cryptocurrency poses no threat to the U.S. dollar. Referencing the unpopularity of various versions of dollars issued before the Civil War by banks, Bullard predicts the same fate will … Read more
Janet Yellen Stresses Importance of Crypto Regulation, Making Sure Bitcoin Is Not Used in Illicit Transactions
U.S. Treasury Secretary Janet Yellen has reaffirmed that it is important to ensure that bitcoin and other cryptocurrencies are not used for illicit financing. In addition, she stresses the importance of regulating institutions that deal with bitcoin. Janet Yellen Claims It’s Important to Make Sure Bitcoin Is Not Used for Illicit Financing U.S. Treasury Secretary … Read more
US Authorities Take Action to Shut Down Crypto Trading Platform Allegedly Defrauding Thousands of Investors
The New York attorney general and the U.S. Securities and Exchange Commission (SEC) have filed charges against a cryptocurrency trading platform that allegedly defrauded thousands of investors out of over a million dollars. US Regulators Allege Coinseed Operates Illegal Crypto Trading Platform New York Attorney General Letitia James took legal action Wednesday to shut down … Read more
Debut Canadian Bitcoin ETF nears $100 million in volume in first few hours of trading
Investors are signaling clear demand for the first Bitcoin ETF in Canada, but an American product remains far out on the horizon. Go to Source Powered by WPeMatico
Canada Has Approved Two Bitcoin ETFs — First One Starts Trading Today
Two bitcoin exchange-traded funds (ETFs) have been approved in Canada. Evolve Bitcoin ETF has become the second bitcoin ETF to get approval by Canada’s securities regulator. The first approved bitcoin ETF starts trading Thursday. Some believe that the approval of bitcoin ETFs in Canada improves the chances of one being approved by the U.S. Securities … Read more
Bitcoin ETF approval more likely under new SEC leadership, says Ark Invest CEO
“I think the probability of an ETF has gone up,” said Cathie Wood Go to Source Powered by WPeMatico
People don’t want a ‘non-uniform currency’ like Bitcoin, says Fed President
“It’s going to be a dollar economy as far as the eye can see,” said James Bullard. Go to Source Powered by WPeMatico
