Bitcoin Was ‘Terrible Inflation Hedge,’ Fed’s Neel Kashkari Says: ‘Has Anyone Bought Anything With It?’
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, recently questioned Bitcoin’s (CRYPTO: BTC) utility and viability. The digital asset, he says, lacks real-world use. “Has anybody… ever bought something using Bitcoin as a currency? A sandwich? A computer?…
Treasury Secretary Yellen says America needs improved stablecoin regulations | CoinDesk JAPAN
U.S. Treasury Secretary Janet Yellen said in testimony before the House Financial Services Committee on Thursday that the government’s financial risk watchdog will require minimal federal oversight of stablecoin issuers, such as those in New York and Texas. He expressed…
BlackRock’s Bitcoin ETF inflows rise to 5th place among all ETFs since the beginning of the year | CoinDesk JAPAN
Just 17 days after its launch, BlackRock iShares Bitcoin Trust (IBIT) ranked among the top five exchange-traded funds in 2024 based on inflows, according to data from Bloomberg Intelligence. IBIT’s year-to-date inflows of $3.2 billion (approximately 480 billion yen, exchanged…
With Bitcoin ETFs, your Bitcoins will never be “yours†| CoinDesk JAPAN
U.S.-approved Bitcoin ETFs have been surprisingly popular in recent weeks, based on volume and flow metrics. But Bitcoin ETFs miss Bitcoin’s true utility of facilitating peer-to-peer transactions and bypassing traditional intermediaries. Unrelated to the inherent merits of crypto assets Investors…
Bitcoin ETF poses a risk to Coinbase stock: Analyst predicts | CoinDesk JAPAN
Exchange-traded funds (ETFs) have lower commission rates than exchanges, which could reduce Coinbase’s revenue from Bitcoin trading, analysts said. Still, the company will benefit from the fee income it receives from representing ETFs. Coinbase stock could benefit from increased adoption…
U.S. District Court orders Ripple to submit financial statements requested by SEC | CoinDesk JAPAN
A New York judge has granted a request by the U.S. Securities and Exchange Commission (SEC) to compel Ripple Labs to release certain financial statements and information about XRP’s institutional sales. ordered to submit. The SEC’s request, made in early…
Metamask partners with Robinhood ─ Strengthens crypto asset purchase function | CoinDesk JAPAN
Cryptocurrency wallet MetaMask now allows users to purchase crypto assets through the popular online trading platform Robinhood. Consensys, the developer of Metamask, announced this on February 6th. MetaMask users can now purchase crypto assets using Robinhood’s order flow, and Robinhood…
The Same Forces That Explain Bull Markets Explain the Suppression of Discussion of Shiller’s Research Findings
Buy-and-Hold is nothing new. The term is relatively new. But the idea has been around for as far back as … Read more
‘S–tcoin Prices Will Rip:’ Investment Expert Goes Viral Telling Why ‘People Want To Gamble On Vaporware’
What will fuel the next cryptocurrency rally? According to Travis Kling, it’s “financial nihilism.” The chief investment officer of Ikigai Asset Management recently went viral on X (formerly Twitter) with a thread called “A Lack of Pretense That Any of…
Power-Hungry Bitcoin And Other Cryptos Drained As Much Power With Mining As Whole Of Australia In 2023: Report
A recent report from the Energy Information Administration (EIA) revealed that in 2023, the global cryptocurrency mining industry consumed an amount of electricity comparable to Australia’s entire usage. The report also highlighted the industry’s significant growth in the United States,…