Morgan Creek CEO Says Bitcoin Doing ‘Extremely Well’ Due to Fed Reserve’s Dollar Devaluation

The U.S. Federal Reserve and the rise of “zombie companies” is prompting investors scramble to hedge against inflation using bitcoin and gold. That’s according to Mark Yusko, founder and CEO of investment firm Morgan Creek Capital Management, who spoke with CNBC’s Fast Money host Melissa Lee on Thursday. Yusko took aim at zombie companies (those […]

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First Mover: Why the Fed Cares About Remote Working – and What It Means for Bitcoin

Bitcoin was lower after surging nearly $600 on Thursday to climb above $16,000 for the first time in almost three years.   “Investors should plan for volatility as well as price appreciation,” the blockchain analysis firm Chainalysis wrote in a newsletter.  In traditional markets, European shares fluctuated and U.S. stock futures pointed toward a higher open as […]

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Bitcoin Community Cringes as Federal Reserve & the Treasury Look to Crack Down

The Bitcoin community is cringing as the Federal Reserve and the Financial Crimes Enforcement Network, a branch of the U.S. Treasury, looking to decrease the reporting requirements imposed on financial institutions. Bitcoin Community Doesn’t Like the Recent “Travel Rule” Moves These two entities are specifically targeting the so-called “Travel Rule,” which requires institutions to collect, […]

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US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise

The Federal Reserve, the U.S.’s central bank, published a proposed rule change Friday asking about the recording requirements for money transfers involving virtual currencies. According to the rule change proposal, the Fed and the Financial Crimes Enforcement Network propose modifying the thresholds at which banks must collect and store fund transfer information, reducing it from $3,000 […]

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Major Meeting of Central Banks Produces Same Old ‘Evaluating’ CBDCs Refrain

Central bankers continued to evaluate the merits, or lack thereof, of a digital currency (CBDC), explaining that digital innovation has its benefits but policy considerations abound during a panel discussion hosted by the International Monetary Fund on Monday.  The panel, featuring Federal Reserve Chairman Jerome Powell; Bank Negara Malaysia Governor Nor Shamsiah; Bank for International […]

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IMF, World Bank, G7 Countries to Create Central Bank Digital Currency Rules

International financial authorities and seven of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group of Seven (G7) — an organization of finance ministers and central bank governors representing the United States, Canada, United Kingdom, Germany, France, Italy and Japan — said in a report last week […]

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