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Ron Paul Advocates for Cryptocurrencies to be Tax-Free While Criticizing US Fed

Ron Paul, the Austrian School economist and notable Libertarian who served as a US Representative for over ten years, is now advocating for a tax exemption on cryptocurrencies. He also noted that the issuance of a government-backed digital currency, as opposed to private or decentralized ones, could lead to a “Fed-created recession.” Paul made these remarks in a recent blog ...

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Wall Street Trader-Turned-Artist Erects Bitcoin Rat Exhibit Across from Fed

A former Wall Street hedge fund manager-turned-artist has erected a massive inflatable Bitcoin rat art exhibit across from the U.S. Federal Reserve Bank in New York City. It’s thought to serve as a reminder that 10 years ago the Fed issued taxpayer-funded relief to banks in a $700 billion “bailout” following the sub-prime mortgage crisis. Giant Bitcoin Rat Art Exhibit ...

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Cryptocurrencies Can Solve the Triffin Dilemma, Argues St. Louis Fed Economist

David Andolfatto, an economist with the St. Louis Federal Reserve Bank hosted a Twitter Q&A where he answered affirmatively to a user’s question as to if cryptocurrencies could solve the 50-year old Triffin Dilemma. The Triffin Dilemma refers to the problem where a currencies’ global reserve status causes a natural conflict between national and global monetary interests. Andolfatto went on ...

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Elon Musk Fed Up with Twitter Crypto Scams, Turns to Dogecoin Creator for Help

Eccentric tech entrepreneur and founder of Space X and electric vehicle manufacturer Tesla Motors, Elon Musk, is reportedly getting fed up with the cryptocurrency giveaway scam bots that have been plaguing popular social media platform Twitter for the better part of a year. As a result, he has turned to the creator of the cryptocurrency Dogecoin to seek a solution to the ...

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Fed Chairman: “Cryptos Don’t Have Intrinsic Value,” Denies The ‘Crypto Threat’

On Wednesday morning, the U.S. Congress held a hearing regarding cryptocurrencies, hearing mixed opinions from regulators and representatives of the U.S. government. Federal Reserve Chairman: Cryptos Aren’t A Store of Value Or A Payment Tool Jerome Powell, the chairman of the U.S. Federal Reserve (Fed), presented his thoughts about the current state of the crypto market while speaking to the House ...

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Bitcoin Not a Real Currency, Risky for ‘Unsophisticated Investors’: Fed Chair Powell

The head of the U.S. Federal Reserve warned Congress that bitcoin and other cryptocurrencies are dangerous to “unsophisticated investors” and should not be considered real currencies. Fed Chair Powell Criticizes Cryptocurrencies Jerome Powell, who became Fed chair in February, succeeding fellow cryptocurrency critic Janet Yellen, said on Capitol Hill that “relatively unsophisticated investors see the asset go up in price, ...

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Fed Chairman on Crypto | Crypto Presents Investor Risk

Yesterday, bulls charged the crypto market, which caused Bitcoin to add $9B to its market capitalization in less than thirty minutes. But the Fed chairman on crypto is swinging the opposite way. Today, we’ve seen a few bears emerge from the forest. Specifically, the head of the Federal Reserve spoke on cryptocurrencies today, providing comments that indicate he is bearish ...

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Former FDIC Chair Urges Fed to Consider Issuing Central Bank Digital Currency

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Sheila Bair, a former chair of the Federal Deposit and Insurance Corporation in the U.S., thinks the U.S. Federal Reserve Bank should seriously consider issuing a digital currency to reduce the risk of a financial crisis and improve monetary policy. Writing in Yahoo Finance, ...

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Chelan County Utilities Are Fed up with Bitcoin Mining Operators – The Merkle

The electricity consumption of Bitcoin mining operations has always been a thorn in the side of many people. Various studies on this topic have been published over the years. In Chelan County, Washington, a major development is taking place. Rural electric utilities are taking an aggressive stance against various Bitcoin mining firms over their “disruption” of the local power grid. Chelan County ...

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