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St. Louis Fed’s James Bullard Thinks Cryptocurrencies are Counterproductive – The Merkle

Not everyone is a big fan of Bitcoin and other cryptocurrencies. This is especially true in the case of government officials and banking experts. The St. Louis Federal Reserve Bank’s James Bullard recently made an interesting comment. In his view, cryptocurrencies oppose the need to create a market-based currency trading system with consistent pricing. James Bullard Dislikes Cryptocurrency It is evident the growth of ...

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Federal Reserve Bank of St. Louis Compares Cash to Bitcoin

To a lot of people, Bitcoin lacks all traits of being or becoming a currency. According to the Federal Reserve Bank of St. Louis, that is not necessarily the case. Surprisingly enough, the institution acknowledges Bitcoin and cash are not all that different in some regards. It is not necessarily a bullish signal, yet still an intriguing train of thought. ...

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St. Louis Fed Sees no Point in Central Banks Creating Monopoly Cryptocurrencies – The Merkle

In the world of cryptocurrency, there is a fair amount of competition as of right now. Until very recently, it seemed central banks would get in on the action as well, yet they have decided not to pursue this option any longer. A new report by the St. Louis Fed states that cryptocurrency developers are “welcome to create anonymous forms of money”. It’s ...

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CoinGate and Louis Chevrolet Swiss Watches Unite Forces to Fight with a Rare Disease

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Bitcoin ...

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‘Higher Than Expected’: Louis Dreyfus Reports Results… | News

One of the leading global commodity traders Louis Dreyfus Co. (LDC) has stated that its first venture into Blockchain produced results “even higher” than expected, Financial Times reports Monday, Jan. 22. The buoyant remarks follow completion of the the giant’s first Blockchain-powered agricultural trade, in which it sold and delivered 60,000 tons of soybeans to China in Dec. 2017. Several ...

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St. Louis Fed Sees Future in Crypto As Important Asset… | News

The Federal Reserve Bank of St. Louis has published a paper entitled “A Short Introduction to the World of Cryptocurrencies” with an overall favorable assessment of digital currency and Blockchain applications for the future. The paper, written by Aleksander Berentsen and Fabian Schär, begins with a humorous comparison of the Bitcoin (BTC) system to the island of Yap. The small ...

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