Former Federal Reserve Governor Supports ‘FedCoin’ Project

Kevin Warsh, a former U.S. Federal Reserve governor, recently told The New York Times the Fed should give serious consideration to releasing a government-sponsored cryptocurrency — commonly called a “FedCoin.” Warsh is among a group of investors in Basis, formerly Basecoin, a cryptocurrency designed with an algorithmic central bank that will keep the price stable. […]

HBO’s Silicon Valley Digs at ICO Mania in Latest Crypto-Themed Episode

HBO’s Silicon Valley is doing its part to usher in ICOs to the mainstream, as evidenced by the latest episode, which was entitled “Initial Coin Offering.” The series, whose show opening includes a shot of US bitcoin exchange Coinbase in the corporate landscape, is all in, with fictional decentralized internet startup Pied Piper opting to pursue […]

Busted: Britain Confiscates $700,000 in Bitcoin from Hacker

A British court will this month sentence a 26 year old cyber-fraudster, from whom Scotland Yard seized about $700,000 in bitcoin proceeds earned from cyber-crime activities in 2015. The seizure of the $700,000 worth of bitcoin from Grant West last year is one of the first such seizures of cryptocurrency from any cyber-criminal in Britain. […]

Fed Report: Bitcoin Futures Creation and Fall of Cryptocurrency Was No Coincidence

Last December’s introduction of Bitcoin futures, which gave investors an opportunity to bet against the value of the coin, played a large role in the late-2017 and early-2018 price decline, according to the U.S. Federal Reserve. Bitcoin’s Connection With Futures Markets In the economic letter from the Federal Reserve Bank of San Francisco, published today […]