The US Federal Reserve System has added its voice to the chorus of doubts raised by lawmakers, politicians and others worldwide about Facebook’s newly announced cryptocurrency , Libra . While speaking to House lawmakers Wednesday, Federal Reserve Chairman Jerome Powell… Read More ›
By Creating A De Facto Central Bank, Facebook’s Libra Could Succeed Where Other Cryptocurrencies Fall Short
Stock Market News Today — The payment system remains one of the last true monopolies of a modern economy. If you want to use the local currency, you pretty much have to go through your central bank and banking system… Read More ›
Bitcoin Is Back Above $10,000 … The World’s Most Popular Cryptocurrency Gets A Boost From Facebook’s Plan To Launch Libra
Bitcoin rose over $10,000 for the first time in over a year, riding a new wave of optimism about the value and future of digital currencies. The world’s most popular cryptocurrency hit the milestone late Friday. By Saturday morning, it… Read More ›
Fans of bitcoin also claim that the value of cryptocurrencies should be more stable because there is a finite supply of coins. Governments can always print more money. But bitcoin skeptics, including investing legend Warren Buffett, think bitcoin is something to be avoided at all costs.
The crypto true believers who stuck around through the slump also hope that 2019 brings an influx of institutional investors to the market.
That effort could get a boost when Intercontinental Exchange Inc. — the parent of the New York Stock Exchange — launches its crypto-focused exchange, Bakkt, which will allow customers to buy, sell, store, and spend digital currencies.