Tag: cryptocurrencies

St. Louis Fed’s James Bullard Thinks Cryptocurrencies are Counterproductive

Not everyone is a big fan of Bitcoin and other cryptocurrencies. This is especially true in the case of government officials and banking experts. The St. Louis Federal Reserve Bank’s James Bullard recently made an interesting comment. In his view, cryptocurrencies oppose the need to create a market-based currency trading system with consistent pricing. James Bullard Dislikes Cryptocurrency It is evident the growth of Bitcoin and other cryptocurrencies should not be underestimated. Despite a …
[Read More]

St. Louis Fed Sees No Point in Central Banks Creating Monopoly Cryptocurrencies

In the world of cryptocurrency, there is a fair amount of competition as of right now. Until very recently, it seemed central banks would get in on the action as well, yet they have decided not to pursue this option any longer. A new report by the St. Louis Fed states that cryptocurrency developers are “welcome to create anonymous forms of money”. It’s a surprising line in an otherwise standard report. Anonymous Cryptocurrencies …
[Read More]

Backpage CEO Pleads Guilty to Laundering Money Using Cryptocurrencies

Not too long ago, the Backpage.com platform was seized by the US government. This particular development also had some repercussions for cryptocurrencies, as the site’s CEO was charged with laundering money using Bitcoin and other cryptocurrencies. It now seems he has pled guilty to these charges and intends to flip on other website officials. Backpage Money Laundering and Cryptocurrency The entire story involving Backpage.com and its officials has been quite interesting to keep an …
[Read More]

Overall Cryptocurrency Trading Volume Remained Low All Last Week

It is evident the cryptocurrency markets are not in the best of places right now. With all currencies bleeding value virtually every single day, there is still a long way to go until things improve again. Trading volume looks especially bleak right now, as a lot of currencies are struggling to note any growth in that department. With just 18 currencies noting higher volume numbers over the past week, things are not looking all that …
[Read More]