The president of the St. Louis Federal Reserve, James Bullard, spoke at the opening day of Consensus 2018 in NYC where he had some mixed reviews of cryptocurrencies (his talk begins at minute 55:00 in the video). His talk combined the history of privately issued money, monetary theory, and debates that exist within the economics of currency. He believes that ...Read More »
Tag Archives: Mixed
Mixed Signals: China’s PBoC Doesn’t Recognize Digital Currencies Like Bitcoin, But Are They Looking to Create Their Own?
Speaking at a press conference on the sidelines of the annual session of the National People’s Congress, Zhou Xiaochuan, the governor of the People’s Bank of China (PBoC), made it clear that the country does not recognize Bitcoin and other digital currencies like it does traditional banking tools such as paper money, coins, and credit cards: “The banking system does ...Read More »
Bitcoin (BTC) has fallen back below $8,000, as the crypto markets continue to slump in the wake of a week of mixed crypto news, ranging from the FUD fallout caused by the upcoming Google crypto ad ban to several wins for Blockchain adoption seen in China and Canada. BTC is currently trading at around $7,729, down almost seven percent over ...Read More »