Ron Paul, the pro-bitcoin retired U.S. Congressman, says President Donald Trump is correct when he says the Federal Reserve is clueless and useless. Moreover, Paul says the Fed should stop manipulating interest rates because that fuels artificial bubbles and stock market crashes.Rand Paul: The Fed Does More Harm than Good
In a blistering July 19 Fox Business column, the father of Senator Rand Paul says Trump should curb the unfettered power of the Fed to roil the financial markets.
“President Trump is right – the Fed doesn’t know what it is doing. But it is up to him to stop it from further increasing in power. For over a century, the central bank [...]
People may wonder why Facebook has chosen to build their Libra blockchain network from scratch, rather than building on an existing giant like Ethereum, EOS, or even – as was rumored – Stellar. The answer is simple and sophisticated at the same time, depending on how deep into it you want to look.Facebook Wanted Better Scaling and More Control Than Ethereum Offers
On the surface, it’s simple enough: Facebook wants more control than using an existing decentralized network like Ethereum would allow, necessarily wanting to have the ability to reverse transactions in accordance with financial regulations.
This is an [...]
Investor and Shark Tank shark Kevin ‘Mr. Wonderful’ O’Leary has dismissed concerns raised against Facebook’s cryptocurrency Libra.
Speaking on CNBC, the avowed Bitcoin skeptic stated that Libra has the capacity to become accepted and consequently useful with effective regulation.
Stemming from this O’Leary is bullish on the social media giant’s future prospects. On the other hand, Bitcoin will die once a regulated cryptocurrency such as Libra comes along, per the Shark Tank star:
It’s [Bitcoin] going to go to zero one day when somebody brings a regulated product, which is why I’m excited about Facebook. I like their [...]
Bitcoin (BTC-USD) and most other cryptocurrencies are under pressure on Tuesday, continuing a multiday downward trend. The leading cryptocurrency lost 14% of its value over the 24-hour period that ended at 3 p.m. EDT, and is trading 23% lower than it was a week ago. Bitcoin is now trading below the key $10,000 level.
As would be expected, bitcoin-linked investments such as the Greyscale Bitcoin Trust(NASDAQOTH: GBTC) were trading lower by similar percentages.So what
Regulatory uncertainty has been a driving force behind some of bitcoin’s sharpest downward moves, and this time, the murkiness comes from right here in the United [...]