Top U.S. Regulator Calls Bitcoin ETF a Sure Thing — Eventually

Asked whether those involved in Bitcoin had satisfied his initial concerns regarding a Bitcoin ETF, Securities and Exchange Chairman Commission (SEC) Jay Clayton stated: “The short answer is yes, but there’s work left to be done.” The cryptocurrency industry has taken a number of steps towards addressing issues that make regulators uneasy about launching an […]

This Country Possesses the World’s Largest Reserves of Gold

While people transact in dollars, the wealthy and governments transact in gold. The United States is No. 1 in this regard. The U.S. government has more than 8,133 tons of gold in its reserves. In fact, the United States has more gold stored in its reserves than Germany and Italy combined, which are respectively number […]

Global Bank Official Warns: Facebook’s Cryptocurrency Project a Real Danger

A high-ranking European Central Bank (ECB) official recently outlined a number of problems he found with Facebook’s planned cryptocurrency Libra. His critique is the latest in a number of warnings from various government officials around the globe.  “I sincerely hope that the people of Europe will not be tempted to leave behind the safety and […]

Opinion: Slim Chances of Approval For Facebook’s New Cryptocurrency

On June 18th Facebook unveiled plans to establish its own proprietary Bitcoin-style cryptocurrency, called Libra. Facebook’s financial services offering would allow smart phone users to send money to each other and pay for goods across the Internet. Facebook hopes to implement its digital currency offering in 2020. Facebook shares are up 45% this year, in part […]

Early Cryptocurrency Investor Thinks This Trendy Food Is the Next Bubble

Former hedge fund manager Michael Novogratz compares Beyond Meat’s stock rally to the Bitcoin bubble that occurred two years ago. Beyond Meat is the company behind the suddenly popular plant-based Impossible Whopper at Burger King and, more recently, a meat-free fried chicken alternative at KFC. Novogratz was an early bitcoin investor who also started a […]

CEO: Bitcoin Could Soon Be a Powerful Hedge Against Inflation

The CEO of consultancy firm Agecroft Partners, Don Steinbrugge, recently praised Bitcoin as “fantastic technology” while discussing nontraditional investments on CNBC. He believes that it’s one of the best nontraditional investments to have in a portfolio.  “It’s been an amazing run, it’s fantastic technology; some people are using it as a way to hedge against […]

Facebook Cryptocurrency Libra Could Destroy the U.S. Dollar, Warns Rep

Facebook’s Libra cryptocurrency has undeniably caught the attention of Federal Reserve Chairman Jerome Powell. “Libra raises serious concerns regarding privacy, money laundering, consumer protection, financial stability,” he said. “These are concerns that should be thoroughly and publicly addressed,” he warned. These comments came during a Congressional committee hearing. Rep. Maxine Waters, D-Calif., chairwoman of the House Financial Services […]