Bitcoin Reacts To Trump Axing Fed Governor Cook – Here’s What It Means
Bitcoin reacted swiftly late Monday after President Donald Trump said he is removing Federal Reserve Governor Lisa D. Cook “effective immediately,” invoking the Federal Reserve Act’s “for cause” clause and citing alleged false statements on 2021 mortgage applications. Cook rejected the move, said she will not resign, and has retained counsel, setting up an unprecedented […]
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The governor of the Jamaican central bank has warned people using or who have plans to use cryptocurrencies to be mindful of the associated risks. The governor added that cryptocurrencies’ unpredictability means they cannot function as a medium of exchange.
Not Stable Enough to Be Good Means of Payment
The governor of the Bank of Jamaica, Richard Byles, has cautioned those using or planning to use cryptocurrencies to be mindful of the unpredictable nature of the assets. Byles also said he considers cryptocurrency an investment instrument rather than a medium of exchange....
Apple is currently the second largest company by market cap behind Microsoft, with Cook personally worth more than $1 billion. Apple chief executive officer Tim Cook said he owns some crypto as "part of a diversified portfolio," but is not planning for the tech company to follow Tesla’s example by investing in Bitcoin or other tokens.Speaking at the New York Times’ DealBook Online Summit on Nov. 9, Cook said he would not use the company’s roughly $200 billion in cash on hand to invest in cryptocurrencies. He also did not intend to accept crypto as a means of a payment for Apple products....
The CEO of the tech giant Apple, Tim Cook disclosed that he owns cryptocurrency and said that he thinks it’s reasonable to own it as part of a diversified portfolio.” Cook’s statements stemmed from an appearance with the New York Times Dealbook’s host Andrew Ross Sorkin.
Apple CEO Tim Cook Tells the Press He Owns Crypto and It’s Something Apple Is ‘Looking At’
The cryptocurrency economy has been on a tear and recently captured $3 trillion in value this week as bitcoin (BTC) and a number of other crypto assets reached all-time....
The stance on Bitcoin day trading is a highly debated topic. Some view Bitcoin as a "long hold and use" currency; whereas, others find it to be more profitable as a day-traded investment. One of those day traders is Andrew Cook, founder and CEO of Cook Investment Firm based in Santiago, Chile. "We are a team of investment bankers and economist trading exclusively in Bitcoin," Cook explained in the first lesson, "Currently, we trade around 4,500 Bitcoins per month for over 350 investors." CCN. On June 2, 2014, Cook posted "How to Make Money Trading Bitcoin. Day 1 of 5" on the popular....
Bank of England Governor Andrew Bailey has warned that crypto assets are providing another means of payment for people who want to conduct criminal activity. Bank of England Governor Andrew Bailey Sees Crypto Helping Criminal Activities The governor of the Bank of England, Andrew Bailey, said during an online question-and-answer session organized by the British central bank that the rise of cryptocurrency is helping illegal activities. He was quoted as saying: The advent of digital means of payment, and in particular crypto assets, I’m afraid that the evidence suggests … that....