Federal Reserve

Fed Banker Tries Criticizing Bitcoin, Ends Up Perfectly Describing The Fed

In an article for Fox News, senior economist Francois Velde of the Federal Reserve Bank of Chicago describes Bitcoin. “Although some of the enthusiasm for Bitcoin is driven by a distrust of state-issued currency, it is hard to imagine a world where the main currency is based on an extremely complex code understood by only a … [Read more…]

New Report Details Bitcoin’s Potential Threat to the Federal Reserve

The Congressional Research Service, aka “Congress’ Think Tank,” recently made public their report on Bitcoin, Bitcoin: Questions, Answers, and Analysis of Legal Issues. The fascinating report details in sparkling prose the history, uses, threats and regulatory implications of the world’s best-known cryptocurrency. The report’s most interesting part deals with the impact Bitcoin might have on the … [Read more…]