With expectations of further U.S. dollar inflation, why would people hold cash? The U.S. government’s attempts to fix the current economic situation could ultimately lead to greater Bitcoin (BTC) adoption, according to Bill Barhydt, CEO of crypto wallet and exchange solution, Abra. “I think that this is a pivotal moment for Bitcoin as a new…
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Following the early 2019 initiation of North Dakota’s deep dive into blockchain use cases, a state representative who was a leader in the study, mentioned a future digital asset concept for the region. Rep. Nathan Toman believes that an official “North Dakota coin” could potentially help the state’s struggling economy in the wake of COVID-19,…
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Bitcoin may ultimately benefit from the U.S. Federal Reserve’s actions, says Tyler Winklevoss. U.S. government spending may lead to upward Bitcoin (BTC) prices, according to Gemini crypto exchange co-founder and CEO, Tyler Winklevoss. “The Fed continues to set the stage for bitcoin’s next bull run,” Winklevoss said in a July 22 tweet, which included an…
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Describing the current economic state, including pending inflation, Anthony Pompliano noted exiting cash into other assets as the key to wealth. During a recent YouTube livestream, Morgan Creek Digital co-founder and crypto expert Anthony Pompliano detailed the current post-COIVD-19 economy, noting the U.S. government’s money printing and spending efforts. “There is a devaluation of…
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Grayscale’s managing director talks inevitability of a Bitcoin exchange-traded fund, or ETF. The crypto market may finally see a Bitcoin ETF approval, although regulators need more time. “We think a Bitcoin ETF is a matter of when, not a matter of if,” Grayscale Investments managing director, Michael Sonnenshein, told Morgan Creek Digital co-founder Anthony Pompliano…
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A recent U.S. government hearing showed a significant uptick in online crime since COVID-19 took over in 2020. Giving the opening remarks during a U.S. House meeting on illegal digital activities, Representative and subcommittee chair Emanuel Cleaver (D-MO) noted a major jump for online crime in 2020. “We are seeing a 75% spike in daily…
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The SEC’s fintech wing invites innovators to network and weigh in on regulation in new online meetups. FinHub, a fintech arm of the U.S. Securities and Exchange Commission (SEC) will now host digital meetings for industry players amid COVID-19 lockdowns. “To facilitate ongoing communications, FinHub will host a series of thematically-based virtual P2P meet-ups over…
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An investigation that involved several U.S. federal agencies led to the bust of the darknet operators and seizure of $22 M in cryptocurrency. May 19, the Financial Crimes Enforcement Network (FinCEN) awarded several federal agencies in the United States, whose joint probe led to the seizure of $22 million worth of cryptocurrency from the darkenet…
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Does the FDIC’s recent video urging against bank runs relate to crypto? Wilshire Phoenix’s CEO and a former CBOE trader weigh in. The Federal Deposit Insurance Corporation, or FDIC, recently posted a video urging the public not to rush to banks for cash withdrawals. Does this relate to crypto? “Your money is safe at the…
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Fed Nominee Judy Shelton speaks about the need for a digital dollar at a confirmation hearing in the US Senate. Treasury Secretary Steven Mnuchin wasn’t the only one to make waves at the U.S. Senate this week when it came to the future of currency. Tom Cotton, a Republican senator from Arkansas, spoke at length…
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