Is Bitcoin a Better Covid-19 Safe Haven Asset or US Treasury Bonds?
Fear of an impending global recession has prompted a rush to move assets into so-called “safe havens” such as U.S. treasuries and precious metals. Bitcoin now offers an...
Facebook Seeks Payments License For Libra as Code Vulnerabilities Surface
Despite escalating regulatory concerns from the governments of the world, Facebook appears to be pressing on with its global bank ambitions. This week the social media giant made moves...
UK Chancellor Gives British Government Opinion On Libra
UK Chancellor of the Exchequer, Philip Hammond, appeared on CNBC’s Squawk Box this week giving the UK government’s perspective on Facebook’s Libra...
Bitcoin Correlation With US 10-Year Treasury Suggests Hedging Use
Bitcoin closely tracks inverted US 10-year Treasury (UST10Y) performance, new data reveals, leading to fresh suggestions of its use as a hedging asset. Bitcoin The Bond Hedge A chart...
Venezuela’s National Cryptocurrency ‘Petro’ Expected to Go Global
According to a Venezuelan official, Tuesday’s Petro pre-sale will have international reach, drawing potential investors from the US, Europe and the Middle East. It was just over two...
Internal Revenue Service (IRS) Asked to Provide a Clearer Cryptocurrency Tax Framework
At least two US institutions have requested that the IRS propose a definitive structure for taxing cryptocurrencies in the country. As authorities see the lucrative appeal of virtual...
US Treasury Warns Investors: Venezuela’s Petro Could Violate Sanctions
The US Treasury Department has cautioned investors that Venezuela’s Petro could be in violation of Washington-imposed financial sanctions. In December last year, Venezuelan president...
US Government Fears Bitcoin Will Be the Next “Swiss Bank Account”
Bitcoin’s explosive growth is dramatically disrupting the monetary and banking system to such an extent that banking and government authorities are sounding the alarm. In effect, the...
Treasury Sec. Mnuchin Says ‘We’re Looking Closely’ at Bitcoin, Cryptocurrencies
In a potentially bearish signal for U.S. crypto users, the United States’ lead financial administrator said he’s concerned with the “illicit” possibilities of...
Michigan Man Busted for Unlicensed Bitcoin Exchange – Faces Jail Time
A man in Michigan is facing federal charges for operating an unlicensed Bitcoin exchange after selling over $55,000 USD of Bitcoin to undercover agents. There’s a song that goes...
A Woman To Appear on US$10 Bill By 2020, Women in Bitcoin To Receive More Recognition?
One thing that can be said about the financial world is that it is mostly dominated by males in every aspect. Even though there are plenty of powerful and smart women in the financial...