Crypto News Stocks 

Bitcoin and cryptocurrencies are the new asset class to guard against

“One of the most amazing things about bitcoin is that it has survived all the shady dudes, big-name arrests and major price crashes” writes Cody Willard for marketwatch.com. That said, I admit I’m pretty amazed at the mania around bitcoin and cryptocurrencies.Riot Blockchain was a biotech penny stock with a tiny market cap that didn’t do much business.Just last year, the company was changing its name from “Venaxis” to “Bioptix.” Now apparently they are a blockchain company. The CEO of Riot Blockchain is the same guy who was the CEO…

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Crypto News 

These are the major roadblocks stopping Bitcoin from becoming a mainstream currency

“It certainly has the potential to become a more widely used currency especially with the rate of growth and the user base” writes Jasper Pickering for businessinsider.com. Business Insider UK spoke with University of Cambridge Research Fellow Garrick Hileman about cryptocurrency and how Bitcoin could become a mainstream currency.Garrick Hileman: Is Bitcoin an asset or a currency?. The volatility of Bitcoin is another thing that would probably prevent it from being a widely used currency and here you could look at the advent of stable coins as another potential solution to Bitcoin’s volatility problem.So will…

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Crypto News Regulators 

Bitcoin is a “Highly Speculative Asset”, Says Federal Reserve’s Yellen

“Speaking at the Federal Reserve Annual Meeting this year, a three-day event attended by representatives from over 90 central banks, Yellen encouraged her counterparts to study blockchain technology” writes unknown author for cryptocoinsnews.com. In her final press conference as Fed Reserve Chair, Janet Yellen called bitcoin “a highly speculative asset” that “doesn’t constitute legal tender.” Yellen was speaking to reporters in her final presser on Wednesday (her term comes to an end in February) when the subject of bitcoin came up.As reported by CCN in early 2014, Yellen underlined bitcoin…

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News 

The Mistakes Investors Make When Evaluating Asset Managers’ Performance

“is a managing director at AQR Capital, a global investment management firm, and a former professor of finance at Harvard Business School” writes Peter Hecht for wsj.com. Any investor or financial adviser hoping to achieve investment success has to be good at performance evaluation–a critical skill needed to identify and hold the “good” managers and fire the “bad” ones. Source: wsj.com Share This:

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These companies will take a huge profit hit from lower tax rates

“The financial impact of the federal tax rate reduction will be lessened if a company has already taken a valuation allowance, and a profit hit, from adjusting its deferred tax assets” writes Francine Mckenna for marketwatch.com. The table in the story has been corrected to reflect the net change in the deferred tax assets.Companies make valuation allowances when the tax benefit from a portion of the deferred tax asset balance is “more likely than not” not going be realized.In conjunction with research firm Audit Analytics, MarketWatch analyzed data regarding companies’…

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News Regulators 

Watch here for ECB hints to the unwinding of QE: Live blog

“The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases” writes Anneken Tappe for marketwatch.com. The Eurosystem will reinvest the principal payments from maturing securities purchased under the APP for an extended period of time after the end of its net asset purchases, and in any case for as long as necessary.At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing…

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News Regulators 

ECB leaves rates at record low, reiterates dovish guidance: live blog

“The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases” writes Anneken Tappe for marketwatch.com. The Eurosystem will reinvest the principal payments from maturing securities purchased under the APP for an extended period of time after the end of its net asset purchases, and in any case for as long as necessary.At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing…

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News Regulators 

Steady as she goes: ECB to keep money taps wide open

“Even the doves at the ECB will feel uneasy about extending asset purchases beyond September 2018,” Berenberg economist Florian Hense said” reports foxbusiness.com. But a benign 2020 projection could rekindle a simmering debate about the end of asset buys.Some policymakers argue that the ECB should increase the proportion of private sector purchases by keeping those volumes steady when sovereign purchases are cut from January.In October several influential policymakers argued that the ECB should amend its guidance, cutting the direct link between inflation and bond buys. Source: foxbusiness.com Share This:

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Crypto News 

South Korea considers cryptocurrency tax as regulators grapple with ‘speculative mania’

“To be eligible, exchanges in South Korea will need to uphold investor protection rules and disclose all bid and offer quotes” reports businessinsider.sg. SEOUL – South Korea said on Wednesday it may tax capital gains from cryptocurrency trading as global regulators worried about a bubble, with Australia’s central bank chief warning of a ‘speculative mania” that has seen the digital asset making rip-roaring gains.The world’s biggest and best known cryptocurrency, bitcoin, surged past $17,000 to new all-time highs this week, marking an almost dizzying 20-fold rise this year and feeding…

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Crypto Markets News Regulators 

Janet Yellen: Bitcoin is a ‘highly speculative asset’

“Outgoing Federal Reserve Board Chair Janet Yellen said Wednesday that bitcoin is a “highly speculative asset,” and downplayed its supposed role as a currency” writes Pete Kasperowicz for washingtonexaminer.com. On the stock market, Yellen noted that the Fed has said in recent months that valuations are “elevated” and “on the high end” of the historical range.However, she said the Fed has no policy related to bitcoin and has not offered any specific guidance to banks on the new, rising asset. Source: washingtonexaminer.com Share This:

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