Economy Finance Financial Crisis

Europe running out of dollars as US coaxes companies to bring money home

Europe running out of dollars as US coaxes companies to bring money home The European inter-bank market is going through the biggest shortage of US-dollar liquidity in nearly nine years. According to analysts, US tax reform may be behind the largest deficit since the financial crisis. As the Federal Reserve took a more hardline position […]

Bitcoin Breaking News Finance

The big winners in initial coin offerings are lawyers, Ripple CEO says

The big winners in initial coin offerings are lawyers, Ripple CEO says Ripple CEO Brad Garlinghouse said he has indicated to some entrepreneurs looking to issue tokens that they should “save some of those proceeds.” That was because they could potentially be sued if their tokens lost money, Garlinghouse said. Initial coin offerings are used […]

Bitcoin

Swiss Central Banker: Bitcoin ‘More Investment Than Currency’

The chairman of the Swiss National Bank (SNB) spoke out on cryptocurrencies yesterday. Speaking at an event in Basel, Thomas Jordan, who also chairs the international Central Bank Counterfeit Deterrence Group, said that central banks are eyeing the issues of cryptocurrencies “very intensively,” adding, “I would look at them more as an investment than a […]