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St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency

St. Louis Fed Chief James Bullard reportedly views cryptocurrencies as part of a global currency competition that is ultimately unhealthy. Bullard presented his views at the Central Bank Research Association 2019 annual meeting in a talk entitled “Public and Private Currency Competition.” Presentation slides have subsequently appeared on the official

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FED Chairman Jerome Powell Compares Bitcoin to Gold

Just recently, during his testimony before the Senate Banking Committee, FED Chairman Jerome Powell looked into the Facebook’s Libra cryptocurrency, compared Bitcoin to Gold, saying that it’s an alternative to the asset.Recently in a hearing with the Senate Banking Committee, Jerome Powell was talking about Facebook’s recent cryptocurrency project Libra

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Is Bitcoin Down 15% Due to Fed Chair’s Criticism of Facebook’s Crypto? |

The bitcoin price rally this week hit a snag as the world’s most powerful banker publicized his views on the Facebook’s upcoming cryptocurrency project.The BTC/USD instrument plunged by up to 15.43 percent to settle a session low of $11,169.36 on San Francisco-based Coinbase exchange. The move downside took place after

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Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra

Federal Reserve Chair Jerome Powell said there needs to be broad satisfaction with the way Facebook is handling regulatory concerns regarding its forthcoming stablecoin Libra. Powell gave his comments in a hearing before the House Financial Services Committee on July 10.Rep. Steve Stivers asked Powell during the meeting, “if

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Donald Trump and Fed Chairman Distrust is Bullish for Bitcoin: Billionaire Investor

Bitcoin is going to benefit from the growing distrust between the US President Donald Trump and Federal Reserve Chairman Jerome Powell, believes Mr. Michael Novogratz of Galaxy Digital, LLC.The billionaire founder said on Wednesday that he is becoming “more bullish” on bitcoin after President Trump reportedly threatened to demote Mr.

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US Fed Considers Including BTC Market Crash as ‘Salient Risk’ for Stress Tests

The United States Federal Reserve (the Fed) is considering the inclusion of this year’s Bitcoin (BTC) market collapse as one of the “salient risks” to be taken into account for its supervisory stress tests. The prospective amendment was revealed as part of a policy statement published on the official

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