Crypto News 

Are U.S. investors interested in cryptocurrencies?

“With cryptocurrencies continuing to gain traction as an increasingly popular investment vehicle globally, my team at Investing.com wanted to gauge how interested U.S. investors are in these currencies at the moment” writes Investing Com for venturebeat.com. Interestingly enough, topping the list of states interested in digital currencies are Nevada, Texas, and New Hampshire.What it shows is that cryptocurrency interest across the U.S. is driven by differing virtual currency regulations within each state.Perhaps as a result, the state currently tops the list with 4,057 users out of a total 36,230 (11.2…

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Why Investing in Digital Currencies Is a Much Better Idea Than You Might Think

“When looking to invest in cryptocurrencies, look a bit further than the surface facts that most skeptics will happily shout about and realize that investing in digital currencies is a better idea than you might think” reports newsbtc.com. We’ll look at two aspects of investing, namely price volatility and risk, which many investors consider when sizing up investment opportunities, to see why investing in digital currencies is a much better idea than you might think.That means if you invest in one Bitcoin today at $4,800, your investment will increase by…

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‘We are about to see massive disruptions’: IMF chief on digital currency future

“It’s time for the world’s central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund” writes unknown author for cnbc.com. “I think we should just be aware of not categorizing anything that has to do with digital currencies in those speculation, ponzi-like schemes,” she said. She pointed to the IMF’s Special Drawing Right (SDR), a currency the IMF created to serve as an international reserve asset, that could incorporate technology similar to cryptocurrencies.Lagarde didn’t rule out that the IMF could at…

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Crypto News 

Price of bitcoin will collapse, says economist who wrote the book on currencies

“My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse” writes Kenneth Rogoff for marketwatch.com. It is one thing for governments to allow small anonymous transactions with virtual currencies; indeed, this would be desirable.In principle, it is supremely easy to clone or improve on bitcoin’s technology.China’s government, concerned about the use of bitcoin in capital flight and tax evasion, has recently banned bitcoin exchanges.I have no idea where bitcoin’s price will go over the next couple years, but there…

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Singapore govt official on cryptocurrencies: “MAS cannot regulate all products that people put their money in”

“Alike most jurisdictions, MAS does not regulate such virtual currencies per se, the top government official explained” reports financefeeds.com. Some consumers may be attracted to invest in virtual currencies and digital tokens due to their recent exponential rise in value, he said.MAS has been monitoring the use of such virtual currencies, he said. He emphasized that the authorities recognised the significant risks of investing in virtual currencies and that MAS and the Commercial Affairs Department are working together to raise public awareness of potential scams. Source: financefeeds.com Share This:

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IMF Head: Cryptocurrencies Might Give Fiat Currencies a “Run for their Money”

“So in many ways, virtual currencies might just give existing currencies and monetary policy a run for their money” reports financemagnates.com. Virtual currencies are in a different category, because they provide their own unit of account and payment systems.For now, virtual currencies such as Bitcoin pose little or no challenge to the existing order of fiat currencies and central banks.Following are her comments on the subject in full: “Let us start with virtual currencies.Instead of adopting the currency of another country—such as the U.S. dollar—some of these economies might see…

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Tinkoff Bank may issue its own Digital Currency Soon

“Tinkoff Bank claims they will be issuing TinCoin digital currency in the near future” writes Jp Buntinx for livebitcoinnews.com. Tinkoff Bank is not the central bank in Russia, which makes this effort highly doubtful for the time being.It is a well-known fact governments all over the world want to issue their own digital currencies.While it is true Tinkoff bank doesn’t compete with state banks, issuing TinCoin would be highly controversial.  An interesting future lies ahead for Russia in the world of digital currency, that much is certain. Source: livebitcoinnews.com Share This:

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IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency

“Virtual currencies are in a different category, because they provide their own unit of account and payment systems” writes Jeffrey A for fee.org. So in many ways, virtual currencies might just give existing currencies and monetary policy a run for their money.So I think it may not be wise to dismiss virtual currencies.”. Instead of adopting the currency of another country—such as the U.S. dollar—some of these economies might see a growing use of virtual currencies.For now, virtual currencies such as Bitcoin pose little or no challenge to the existing…

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Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon

“Dimon was concerned that with bitcoin, ethereum and various initial coin offerings (ICOs), there are now cryptocurrencies everywhere” writes unknown author for cnbc.com. JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large.But the bigger they get, the more governments are going to close them down,” Dimon said during an interview with CNBC-TV18 in New Delhi on Friday.These are the latest comments from Dimon attacking bitcoin. Source: cnbc.com Share This:

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Fedcoin? Central banks may need ‘digital alternative to cash,’ global financial watchdog says

“But all central banks may eventually have to decide whether issuing retail or wholesale [central bank cryptocurrencies] makes sense in their own context.”” writes Bradley Boner for cnbc.com. Russia, Singapore and some other central banks have announced experiments with digital currencies, while some researchers have proposed central bank tokens such as Fedcoin, the report noted. “For instance, at present very little can be said about the cyber-resilience of [central bank cryptocurrencies], something not touched upon in this short feature.”. The report’s argument in favor of digital currencies comes from two…

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