Interview with St. Louis Fed Vice President on Bitcoin
Dr David Andolfatto, who is Vice President of the St. Louis Federal Reserve, has been one of the most forward-looking people at central banks around the world when it comes to crypto-currencies. Here he speaks with Max Rangeley, Editor at The Cobden Centre, and gives his views on what Bitcoin means for commerce, finance, and the dollar itself. Max....
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David Andolfatto, Vice President of the Federal Reserve Bank of St. Louis, is not quick to dismiss Bitcoin. Vice President of the Federal Reserve Bank of St. Louis David Andolfatto released a report on Bitcoin (PDF) yesterday, and it gave the Bitcoin community another peak into what financial regulators really think about cryptocurrency. The report is 36 pages long, but one of the most interesting slides in the report has to do with Bitcoin's effect on taxation. It talks about how the recent IRS ruling could limit the bitcoin's attractiveness as a currency, but the St. Louis Fed also....
Inflation continues to grip American wallets, according to a recent economic analysis from Moody’s Analytics, which shows inflation is likely costing the average U.S. household between $250 to $276 per month. Meanwhile, the U.S. Federal Reserve is expected to raise the benchmark interest rate in March and St. Louis Fed president James Bullard believes the Fed needs to “front-load” rate hikes.
St. Louis Fed President on Inflation: ‘People Are Unhappy, Consumer Confidence Is Declining’
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Jesse Lund, senior vice president and head of Innovation Labs at Wells Fargo, is leaving the company by the end of this month for IBM, to focus on the development and commercialization of Blockchain technology. At IBM, Lund will operate as the vice president of Blockchain market development and global financial services departments, overseeing the technology giant’s Blockchain solutions and other financial services being offered to the public. In August of 2016, Cointelegraph reported that IBM was planning to launch one of the largest Blockchain implementations in the world. Jerry Cuomo,....
The Vice President of the St. Louis Federal Reserve Bank in the United States, David Andolfatto, has come out with a 36-page slideshow/report on the topic of bitcoin. Now, if you have a few minutes, you'll probably want to take a look at it (it's very quick to get through). Based on my review of the report, I find it to be mostly fair. The report calls bitcoin "A stroke of genius", informing readers that it is a monetary system governed by complex algorithms. In addition, the report recognizes that banning bitcoin is next to impossible. A specific point I feel is spot-on about this report....
In celebration of Louis Vuitton’s bicentennial birthday in the fashion industry, the elite luxury brand launched the Louis Vuitton NFT game in 2021 called Louis: The Game. And it has jumped to more than 2 million downloads as of this writing. The game has stirred a lot of response and community engagement all over the […]