The Federal Reserve Is Foot-Dragging on the Digital Dollar, Yardeni Complains
A Fed-sponsored cyber-buck is needed to keep up with consumer finance trends, replacing fee-laden credit cards, the economist says.
Tag: Cryptocurrency
Asset Allocation
Richard Nixon Is the Father of Cryptocurrency, Says BTIG
The 37th president planted the seeds that grew into Bitcoin and its ilk today, the investment house explains.
Alternatives
Celeb-Backed Crypto Fund Not for New Yorkers … Yet
Residents of the world’s financial capital currently can’t invest in the newly launched Titan Crypto fund.
Alternatives
‘Crypto Mom’ Pushes Back Against SEC Over Poloniex Fine
Commissioner Hester Peirce says the regulator needs ‘sensible solutions’ regarding crypto exchanges.
CEO Charged in Multimillion Dollar Fraud Involving Two Firms
Aron Govil allegedly siphoned $7 million from Cemtrex and Telidyne investors for personal use.
Corporate Moves
Citigroup Launches Digital Asset Unit
Digital Assets Group will be co-led by Alex Kriete and Greg Girasole.
Alternatives
New 401(K) Plan Platform Offers Cryptocurrency Investments
ForUsAll’s Alt 401(k) platform allows participants to invest in more than 50 cryptocurrencies.
Dentist-Turned-Investment Adviser Charged in Three Frauds by SEC
Edgar Radjabli is accused of manipulating the securities market for Veritone, among other schemes.
Risk
Five Charged in $2 Billion Unregistered Crypto Offering
The SEC says the now-defunct BitConnect platform advertised 40% ‘no risk’ monthly returns.
Alternatives
A Crypto Crackdown? Yardeni Sees One Coming
The economist joins numerous government leaders these days who want to regulate or ban the digital currency.
Risk
FBI Arrests Alleged Operator of Longest-Running Bitcoin Laundering Service
Authorities say Roman Sterlingov ran Bitcoin Fog on the darknet, which laundered an estimated $336 million.
Regulation
IRS Seeks to Track Down Cryptocurrency Tax Scofflaws
Court grants summons to identify taxpayers using Circle Internet Financial to conduct cryptocurrency transactions.
Alternatives
Coinbase Has a Splashy Debut, Bitcoin Is Soaring … But Fund Managers Are Downbeat
Mutual fund chiefs overwhelmingly think Bitcoin is a bubble that will pop, BofA survey shows.
Regulation
Extortionist Pleads Guilty to Crypto Firm Shakedown
Michael Hlady, who claimed to be part of the FBI, CIA, and NSA, threatened to ‘destroy’ a startup.
Asset Management Culture
More Investors Are Allocating to Emerging Alternatives Managers
The lack of in-person meetings did not dampen interest in smaller firms, which are putting themselves out there through Zoom.