One of the main developers of Libra, Facebook’s proposed cryptocurrency, sees Bitcoin — a potential competitor to the Facebook project — as a store of value, perhaps, but not a way to spend money. “I don’t think of Bitcoin as a currency,” said David Marcus. “It’s actually not a great medium of exchange because of […]
Few figures in the economic sphere have a reputation that precedes them as much as Alan Greenspan, the chair of the U.S. Federal Reserve from 1987 to 2006. Now, the former Fed chief is giving his opinion on digital currencies such as Bitcoin. Greenspan believes “there’s no point for them to do it” when it comes […]
Facebook this past summer unveiled it plans to establish its own proprietary Bitcoin-style cryptocurrency, called Libra. Facebook’s foray into financial services offering will allow smart phone users to send money to each other and pay for goods across the Internet. The company anticipates that its digital “wallet” will be adopted worldwide and meet with regulatory […]
Bitcoin’s meteoric rise in 2017 dominated the news cycle. The popular cryptocurrency rocketed from around $1,000 in March of that year to break $20,000 by the end of December. After that nearly vertical move, of course, came a similarly steep decline. It has been volatile ever since, trading around $8,600 in recent weeks. Now, a recently […]
Asked whether those involved in Bitcoin had satisfied his initial concerns regarding a Bitcoin ETF, Securities and Exchange Chairman Commission (SEC) Jay Clayton stated: “The short answer is yes, but there’s work left to be done.” The cryptocurrency industry has taken a number of steps towards addressing issues that make regulators uneasy about launching an […]
As interest rates continue to remain low individual investors looking to maximize yields should consider Treasury Inflation-Indexed Savings Bonds, known as “I bonds.” These instruments are only available to individuals and present an opportunity to enhance fixed-income returns. In a low-rate environment that offers few choices available for those seeking high yields, Treasury inflation-indexed savings […]
When the topic of dividends is raised, most investors tend to think of utility stocks or other stable blue-chip companies that traditionally dole out cash to their shareholders. Recently, however, an unlikely sector of the market has been reliably disbursing dividends — the technology sector. Tech stocks, flush with cash, have been returning a portion […]
While people transact in dollars, the wealthy and governments transact in gold. The United States is No. 1 in this regard. The U.S. government has more than 8,133 tons of gold in its reserves. In fact, the United States has more gold stored in its reserves than Germany and Italy combined, which are respectively number […]
A high-ranking European Central Bank (ECB) official recently outlined a number of problems he found with Facebook’s planned cryptocurrency Libra. His critique is the latest in a number of warnings from various government officials around the globe. “I sincerely hope that the people of Europe will not be tempted to leave behind the safety and […]
On June 18th Facebook unveiled plans to establish its own proprietary Bitcoin-style cryptocurrency, called Libra. Facebook’s financial services offering would allow smart phone users to send money to each other and pay for goods across the Internet. Facebook hopes to implement its digital currency offering in 2020. Facebook shares are up 45% this year, in part […]
