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Monthly Archives: September 2017

Philadelphia Fed Chief: Bitcoin Has Yet to Be Tested

Bitcoin and other cryptocurrencies are unlikely to weaken the Fed Reserve’s influence on the U.S. economy. That’s according to the president of the Federal Reserve Bank of Philadelphia, Patrick Harker, who issued the new remarks on the second day of a fintech event hosted by his organization, one of 12 regional institutions …

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IMF's Lagarde: Ignoring Cryptocurrencies 'May Not Be Wise'

The head of the International Monetary Fund (IMF) believes that cryptocurrencies may give traditional government-issued ones a “run for their money.” Speaking at a conference in London, IMF chief Christine Lagarde told attendees that she thinks “it may not be wise to dismiss virtual currencies.” Notably, she outlined possible scenarios …

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US State Department to Host Blockchain Forum Next Month

A blockchain working group within the US State Department is hosting an event in Washington, DC, next month. The [email protected] initiative has organized a one-day workshop, bringing together representatives from the various offices within the State Department (plus other parts of the US government) as well as those from the …

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VanEck's Bitcoin Futures ETF Effort Dealt Blow By SEC

An effort to launch a bitcoin futures ETF saw a setback today after SEC officials pushed back against the proposal, public records show. Last month, CoinDesk reported that New York-based money manager VanEck had filed to create the VanEck Vectors Bitcoin Strategy ETF, which would be used to invest in “U.S. …

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Swiss Finance Regulator Is 'Investigating ICO Procedures'

Switzerland’s top financial markets regulator is investigating the practices behind an undisclosed number of initial coin offerings (ICOs). Though it didn’t name any specific token sales, the Swiss Financial Market Supervisory Authority said today that it is examining “a number of ICO cases to determine whether regulatory provisions have been breached.” …

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