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The outgoing US Federal Reserve (the Fed) chair, Janet Yellen, commented on Bitcoin and the Fed’s relationship to the digital currency at a press conference in Washington on Wednesday.During the meeting, Yellen addressed three areas relating to cryptocurrency -- speculation, regulation and government-issued digital currencies. On the nature of...
The Chicago Board Options Exchange (CBOE), the largest US options exchange with an annual trading volume of around 1.27 billion contracts, will enable Bitcoin futures trading at 5 p.m CT on December 10.Ed Tilly, the chairman and CEO of Cboe Global Markets, stated:“Given the unprecedented interest in Bitcoin,...
Following a number of his colleagues in the financial sphere, PayPal Co-founder Max Levchin has said that Blockchain technology is revolutionary, but he’s still not sold on Bitcoin. The wildly successful entrepreneur is open on the cryptocurrency but still unsure of its long-term stability.Based on an interview, Levchin made it clear...
Mark Yusko, the billionaire investor and founder of Morgan Creek Capital, went on Bloomberg News to defend his prediction that Bitcoin will be worth $400,000 in the long term. Yusko’s now-famous prediction made headlines because of its grandiose scale, and the Bloomberg desk staff had questions.First, when asked...
Popular Bitcoin wallet provider Blockchain.info has announced it has now given “full support” to Bitcoin Cash (BCH).In a blog post today, Blockchain confirmed that a Bitcoin fork, Bitcoin Cash, had become one of its wallet’s main currencies alongside Bitcoin (BTC) and Ethereum (ETH).“In November, we revealed our plan...
The application of US retail giant Walmart to patent its “Smart Package” system has been released by the US Patent and Trademark Office (USPTO) on Thursday, March 1, Fintech Finance reports.Walmart’s “Smart Package” patent employs a Blockchain-based tool to track package contents, environmental conditions, location, and other...
The Australian government has announced that it will provide over AU$8 million (around US$6 million) in grants for a blockchain-powered smart utilities project. The funding will see a grant of AU$2.57 million go...
After Jamie Dimon drew a line in the sand for JPMorgan, calling it a ‘fraud,’ the company has once again stepped over that line, praising the digital coin as a ‘new gold.’Analysts at JPMorgan believe that Bitcoin has changed its shape and that it could soon be joining...
Korean banking giant Nonghyup (NH) Bank, which specializes in agricultural and commercial credit and banking services in South Korea, has joined the R3 Blockchain consortium, according to reports from local media.The consortium researches and develops Blockchain solutions for financial services. The announcement indicates that with the help of...
In a statement that will be widely approved and vilified by opposing camps, Joseph Stiglitz said on Bloomberg TV that cryptocurrencies like Bitcoin should be banned. His commentary is based on analysis saying that the market for Bitcoin is driven mostly by its potential to circumvent government agencies.His...