Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between. The authors, David Andolfatto and Andrew Spewak, conclude that one of …

Crypto VC Says Everyone’s Forgotten about Bitcoin: Why That’s Okay

Placeholder co-founder Chris Burniske says the mainstream has forgotten about bitcoin. However, that’s not something to be upset about — it’s a normal phase of crypto’s development into a market-ready technology. Bitcoin Once Again Niche amid ‘Crypto Winter’ Burniske likely refers to the media outlets who have stopped reporting on the crypto industry and also …

Ex-Goldman Exec Sees Better Days Ahead for Crypto as Institution-Focused Crypto Brokerage Launches

Greg Tusar / Linkedin Despite the price declines that cryptocurrencies have endured this year, an ex-Goldman Sachs executive is still optimistic about the future of digital assets. Greg Tusar, who is a former global head of electronic trading at the New York-based financial giant, likened the current state of the crypto market to the ‘early …

Bitcoin “Not Manipulable by Any Government”

This week, following the scheduled leave of John F. Kelly, United States President Donald Trump has chosen the pro-Bitcoin Mick Mulvaney to serve as the acting White House Chief of Staff beginning 2019. According to the Washington Post columnist Matt O’Brien, Mulvaney has been vocal about his support of Bitcoin (BTC) and in a speech covered …

Bitcoin Deflated Like a ‘Soap Bubble’: Russian Economy Minister

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Russian Economic Development Minister Maksim Oreshkin has stated that while bitcoin has deflated like a “soap bubble,” it has impacted the world positively by boosting investment in new technologies. Speaking to …

NYSE Chair Says Bitcoin and Crypto Are Here To Stay

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Bitcoin and cryptocurrencies are here to stay despite the current bear market, says Jeff Sprecher, chairman of the New York Stock Exchange and CEO of its parent company, Intercontinental Exchange (ICE). When …

AARP Tells Retirees that Bitcoin is Mainly Used by ‘Bunch of Criminals’

The American Association of Retired Persons (AARP) has ascribed a bizarre definition to bitcoin in a caustically worded article on its website published on Wednesday, Oct. 10. In the slideshow post titled “Improve Your Financial Literacy With This Glossary,” a heavy dose of contempt is specifically reserved for the description of bitcoin and blockchain in …

Rapid Growth of Bitcoin & Crypto Will Impact Global Financial System

The International Monetary Fund (IMF) has stated in a recently released report that the rapid growth of Bitcoin and crypto could impact the international finance system. The report entitled “World Economic Outlook: Challenges to Steady Growth” published by the IMF read: “Cybersecurity breaches and cyberattacks on critical financial infrastructure represent an additional source of risk …