Yellen: crypto is not (yet) a risk to the financial system
May 13, 2022
In a session in the US Congress, Secretary of the Treasury Janet Yellen stated that she does not see crypto as a systemic risk to the stability of the financial system. She did mention the fall of UST as an example of a risk within crypto.
Australia: Bitcoin and Ethereum ETFs have started trading today
May 12, 2022
Let’s face it: this week has been a catastrophe for the market in terms of price and stability. While most investors and traders are busy figuring out how to play this market during difficult times it seems that they are missing out on the positive news of the day. Today, the first crypto ETFs start trading in Australia despite the market conditions. What are Bitcoin and crypto ETFs, what are they good for and why could they become important in the future?
Big Bitcoin news, times two: adoption in Central African Republic and in Fidelity 401k
April 28, 2022
In the past few days, positive news about Bitcoin adoption arrived on two occasions. For one news fact, you had to be able to read French: the Central African Republic (CAR) is introducing Bitcoin as legal tender. The other news is about asset manager Fidelity, who will be adding Bitcoin as an option in their retirement plans.
IMF: we were eight-year-olds with a money printer
April 24, 2022
During a debate at the IMF Spring Meeting, Managing Director of the IMF Kristalina Giorgieva made notable statements about irresponsible monetary policy by governments: 'We were like eight-year-olds chasing the ball.'
Head US Treasury surprisingly positive about Bitcoin and DeFi
April 13, 2022
The head of the US Treasury Janet Yellen was by no means a fan of Bitcoin. She literally let us know in 2018, then as chairman of the Federal Reserve. This is why crypto followers had trouble not spilling their coffee when they saw Yellen explain how Bitcoin works and that DeFi can provide financial inclusion.
Is a spot Bitcoin ETF coming?
April 11, 2022
For years, U.S. investors and crypto advocates have waited for a Bitcoin ETF. When the SEC first authorized one in October 2021, it turned out to be a huge nothing burger. It turned out to be a futures ETF. Since last week we have signs that a spot ETF could be coming.