Bitcoin Falls as Miners Sell, Institutions Watch Yellen

Blockchain is an "important technology" given its potential impact on the global financial system, Federal Reserve chief Janet Yellen said today. Yellen gave a speech at the Commonwealth Club, a US public affairs forum, and later took part in a question-and-answer session with club board chair George Scalise. At one point, Scalise asked Yellen whether the Federal Reserve – which released its first major research paper on distributed ledgers in December – was looking at using the tech for its own purposes. Here’s what Yellen had to say in response: "[Blockchain] is a very....

U.S. Treasury Secretary Janet Yellen has reaffirmed that it is important to ensure that bitcoin and other cryptocurrencies are not used for illicit financing. In addition, she stresses the importance of regulating institutions that deal with bitcoin. Janet Yellen Claims It’s Important to Make Sure Bitcoin Is Not Used for Illicit Financing U.S. Treasury Secretary Janet Yellen answered some questions regarding bitcoin and cryptocurrency regulation in an interview with CNBC Thursday. Yellen said she considers bitcoin a “highly speculative asset,” emphasizing its high levels....

Biden’s administrative team is about to get shuffled as the Treasury Secretary, Janet Yellen leaves after midterm, the shuffle might mean a positive turn for Crypto since Yellen was an anti-crypto advocate. Yellen previously made several negative comments and advised against crypto adoptions. Although no one knows why Yellen is leaving, she received several criticisms […]

Bitcoin plunged roughly 12 percent on Thursday, breaking below critical support levels to target $30,000 for a potential pullback. The sell-off occurred despite a positive risk-on sentiment across the traditional markets. That prompted analysts to blame a flurry of fundamentals, ranging from the US Treasury Secretary Janet Yellen’s remarks on Bitcoin’s use for illicit purposes […]

The U.S. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). “There are some benefits” to a digital dollar, Yellen said, but noted that “there are also meaningful costs.” Janet Yellen Has Not Decided Whether the Fed Should Develop a Digital Dollar Treasury Secretary Janet Yellen said Thursday during an interview at the Reuters Next conference that she has not formed an opinion about whether the Federal Reserve should create a digital dollar. She....