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Bitcoin Now the Most Crowded Trade – Labeled a ‘Bubble’ in Bank of America Survey
20.1.2021
According to findings of a recent Bank of America (BOA) survey, buying bitcoin has now surpassed tech stocks as the most crowded trade. This new ranking means tech stocks have been relegated into second place for the first time since October 2019. Bitcoin Bubble Ranking Still, a majority of...
Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’
18.1.2021
American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function...
US Fed: CBDC a ‘very high priority’ to combat bad private sector money
15.1.2021
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell
Anchorage Obtains Federal License to Operate as Crypto Bank From the OCC
15.1.2021
The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto custodian Anchorage to launch the first federally chartered digital asset bank in the country. In a statement on Jan. 13, 2021, the OCC said the company received the national trust banking charter...
Jerome Powell on CBDCs: ‘We Don’t Feel a Need to Be First’
14.1.2021
The U.S. is going slow on central bank digital currencies (CDBCs) considering the risks they may pose to the dollar’s dominance, the Fed Chair said Thursday
Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia’s Macquarie
13.1.2021
With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce
Bitcoin ‘Going Through the Roof’ Unlike Assets Controlled by Government, Says Former Fed Governor
9.1.2021
Former Federal Reserve Governor Kevin Warsh is bullish on bitcoin. He sees all assets that are not controlled by the U.S. government “going through the roof,” unlike those the Fed purports to control. He has outlined three reasons why bitcoin makes sense to him. Why Former Fed Governor...
Fund Manager Bill Miller Lauds BTC- Says ‘Bitcoin Could Be Rat Poison, and the Rat Could Be Cash’
7.1.2021
Fund Manager and founder of Miller Value Partners, Bill Miller says holding bitcoin is better than holding cash because the digital asset is immune to the bad policies of the U.S. Federal Reserve. Writing in the 2020 Q4 Market Letter, Miller explains that some companies are already converting...
Bitcoin Investment Make Sense in Current Economic Climate: Former Fed Governor
6.1.2021
"I guess if you are under 40 bitcoin is your new gold," Warsh said
US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins
5.1.2021
Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday
Rep. Soto seeks to create office to 'coordinate' Federal use of blockchain tech
3.1.2021
The dedicated office would oversee "all non-defense related deployment and activities related to blockchain technology within the Federal Government.”
Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors; Do They Give Awards for Snark?
27.12.2020
A side effect of the Fed's medicine for the pandemic-stricken U.S. economy was to create conditions ideal for the rise of cryptocurrencies
US federal regulators set new expectations for stablecoin issuers
23.12.2020
The President's Working Group has not said anything revolutionary, but does establish some new clarity
Let Them Eat Cake: Congress Approves a $900 Billion Stimulus Package, Billions in Pork Funds, Federal Employees Get a Raise
23.12.2020
The United States Congress has approved a $900 billion Covid-19 relief package that’s tethered to the government’s $2.3 trillion year-end funding plan. Of course, talks of Americans getting $600 checks have started to circulate online, but reports also include the discussions...
FBI Warns Ransomware Gangs Are Harassing Victims via Telephone Calls to Pay Crypto Ransoms
19.12.2020
The U.S. Federal Bureau of Investigation (FBI) has released an alert that warns private industry in the country about incidents of harassment of victims made by ransomware gangs, such as the well-known Doppelpaymer group. FBI Is Aware of Cold-Calling Tactics by Ransomware Gangs According to a...
QE Infinity: US Fed to Keep Rates at Zero, Billion-Dollar Bond Purchases Until Economy Recovers
18.12.2020
This week the U.S. Federal Reserve met for two days at the Federal Open Market Committee meeting and detailed that it would keep short-term borrowing rates at near zero. Meanwhile, the Fed also stated that it would continue buying bonds until the U.S. economy returns to full employment....
Bank of America Investor Survey Highlights the Most Crowded Trades: ‘Long Tech, Short USD, Long Bitcoin’
15.12.2020
The highly anticipated Bank of America fund manager survey has been published, and this December fund managers who participated in the survey are sweeping up risk assets. The asset managers have dropped cash for the first time in close to seven years, as levels are down 4%. Moreover, strategists...
Brazil Revenue Collector’s Data Shows Cryptocurrency Volumes Exceed $6 Billion Between January and September
15.12.2020
Raw data from the Federal Revenue of Brazil (RFB) shows that crypto traded volumes in the country exceeded $6 billion between January and September this year. According to the data, bitcoin dominates as it accounts for over 80% of traded volumes. Still, other cryptos like bitcoin cash, dai,...
Goldman Sachs to utilize JPM Coin for repo trades
10.12.2020
JPMorgan is using blockchain to drive efficiency in the repo market; Goldman and others are taking notice
Man Jailed for Role in $25 Million Ponzi Scheme Involving a Failed Crypto
10.12.2020
A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the judge ordered Aman to pay over $23 million in restitution to victims who invested in his diamond cutting business and...