In an interview with CNBC published Thursday, Eswar Prasad, professor of economics at Cornell University, shared his thoughts on U.S. President Joe Biden’s crypto executive order and what it means for the industry. Prasad is the Nandlal P. Tolani senior professor of trade policy and professor...
Kevin O’Leary, aka Mr. Wonderful, has shared what he thinks the price of bitcoin will be in the coming years. He said when institutions get the go-ahead from their compliance departments to invest in bitcoin, the price of the cryptocurrency “is going to appreciate dramatically.”
Cryptocurrencies and stocks declined on Friday as traders reacted to geopolitical risk. U.S. officials continue to warn Russia could attack Ukraine within the next few days, adding that prospects for averting a war are very dim. Meanwhile, Russia denies any plans to invade Ukraine and describes global concerns...
The largest bank in Switzerland, UBS, published its view on U.S. crypto legislation Friday after the House of Financial Services Committee held a lengthy hearing on the regulation of cryptocurrencies and stablecoins last week. The Swiss bank’s U.S. Office of Public Policy explained that...
Most cryptocurrencies declined on Friday as traders reacted to geopolitical risks emanating from Russia and Ukraine. On Friday, U.S. President Biden urged Americans to leave Ukraine immediately, warning “an invasion could begin at any time.” For now, the U.S. has ruled out sending troops into Ukraine...
The governor of Hungary's central bank has called for a European Union ban on cryptocurrency trading and mining. "It is undeniable that cryptocurrencies could be used to facilitate illegal activities and contribute to the formation of financial pyramids," he said. The Hungarian National Bank,...
Switzerland’s largest bank, UBS, has suggested some investment strategies for investors seeking to gain exposure to crypto-assets with less risk than investing directly in bitcoin, ether, or other cryptocurrencies. “There are several main ways investors can access this potential while avoiding the high volatility and regulatory risks...
The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The strategy could be released as soon as next month. The Biden administration is reportedly...
The Monetary Authority of Singapore (MAS), the nation’s central bank, announced Monday that it has issued guidelines “to discourage cryptocurrency trading by general public.” The guidelines restrict cryptocurrency trading service providers from promoting their digital payment token (DPT) services to the general public....
The cult website Fees.wtf, which shows Ethereum users their lifetime gas spend on transactions, saw its $WTF token plummet 80% in its initial week post-airdrop. According to Coinmarketcap, the $WTF token price has plummeted more than 80% from its high of $0.20 on Thursday evening to $0.03 as of...