Why Warren Buffett’s Bleak Prediction Of Cryptocurrencies Is Wrong

Billionaire investor Warren Buffett has joined a long line of influential voices from the traditional financial world pouring cold water on increasing enthusiasm for the new — and booming — asset class of cryptocurrencies. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and… Please follow and like us:

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10 reasons to buy crypto-currencies other than Bitcoin

WASHINGTON, January 12, 2018.: The sudden, perhaps unexpected spurt in the price of Bitcoin is leading investors to show interest in other crypto-currencies. While demand for about a dozen other crypto-currencies of the world remains slightly muted, indications are, their prices would also soar in coming months. Several reasons have led to the exponential increase in… Please follow and like us:

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Judge denies injunction to remove Mick Mulvaney as consumer bureau’s acting director

A federal judge on Wednesday denied a request for a preliminary injunction to remove Mick Mulvaney as acting director of the Consumer Financial Protection Bureau. The judge sided with Mulvaney — President Donald Trump’s choice for the interim position — over Leandra English, the agency’s deputy director who has said she is the rightful acting director.… Please follow and like us:

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Bitcoin Exchanges Struggle To Work With Wary Banks

Cryptocurrency exchanges around the world are under an unprecedented amount of pressure. Meanwhile, Quartz reported Indian banks are delaying routine processes for local exchange platforms such as Koinex for several weeks. “A tussle between our payment service partner and their bank has caused an indefinite delay in the settlement of a large portion of deposits to… Please follow and like us:

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Jamie Dimon: Blockchain is real; Fannie Must Be Protected From Politics

JPMorgan CEO Jamie Dimon on Fannie Mae and Freddie Mac, the SALT deduction, President Trump, bitcoin, the outlook for M&A and Federal Reserve policy.  Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet,… Please follow and like us:

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The Bank Of England Is Planning A Bitcoin-Style Virtual Currency – But Could It Really Replace Cash?

Governments are extremely worried about cryptocurrencies such as bitcoin. These virtual currencies mean you can make payments without involving the banks that most economies and government financial models are built on. People can transfer large amounts of money without the authorities knowing, potentially making it easier to evade tax or launder money. So several countries’ central… Please follow and like us:

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XRP Price Predictions For 2018

The San Francisco-based fintech giant Ripple ended 2017 with a bang. The company’s cryptocurrency, XRP, surged in late December then started 2018 by eclipsing Ethereum’s global market cap. According to CoinMarketCap, XRP’s cap was more than $93.4 billion by Tuesday morning. XRP, which cost less than a fraction of penny at the same time last year,… Please follow and like us:

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Goldman Sachs says US tax reform to cut earnings by $5 bn

US banking giant Goldman Sachs said Friday the recently-enacted US tax reform will cut its earnings this year by about $5 billion, mainly because of a tax targeting earnings held abroad. The tax reform package is expected to “result in a reduction of approximately $5 billion in earnings for the fourth quarter,” the company said in… Please follow and like us:

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Bitcoin Is an Implausible Currency

Is bitcoin money, or a payment system? Mounds, or Almond Joy? Great taste, or less filling? If bitcoin is good at both those jobs, then it’s probably got a bright future. If it’s good at neither of them … well, farewell, bitcoin, we hardly knew ye. In a previous column I tackled the question of whether… Please follow and like us:

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JPMorgan Says Too Much MiFID II Transparency Might Hurt Market Liquidity

As MiFID II approaches – and the majority of bulge bracket research providers have decided to eat the cost of research rather than charge for it – the looming concern is market liquidity amid MiFID II transparency. Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save… Please follow and like us:

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Mulvaney already is making his mark on consumer bureau, and still sparring over its leadership

WASHINGTON—Mick Mulvaney is moving quickly to put his stamp on the Consumer Financial Protection Bureau, an agency he has strongly criticized, even as he continues to spar with the deputy director over who is in charge. Mulvaney, the White House budget director whom President Trump appointed to the post Nov. 24, said he had already started… Please follow and like us:

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Repeal Dodd-Frank, eliminate the Consumer Financial Protection Bureau

WASHINGTON, November 29, 2017 – While there is currently a debate about who is actually in charge of the Consumer Financial Protection Bureau (CFPB), maybe this is a good time to talk about eliminating the CFPB entirely. Dodd-Frank and the Consumer Financial Protection Bureau In 2010 Congress passed the Dodd-Frank bill which was designed to reform… Please follow and like us:

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Why we need to save the Consumer Financial Protection Bureau

By Jeff Sovern, Professor of Law, St. John’s University, Gina M. Calabrese, Professor of Clinical Education, St. John’s University, and Ann L. Goldweber, Professor of Clinical Education, St. John’s University. Consumer Financial Protection Bureau Director Richard Cordray, center, plans to step down at the end of the month. AP Photo/Steve Helber Republicans in Congress and the… Please follow and like us:

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IDC predicts 55% of China’s economy to be digital by 2021

A robot displays at a news conference in Beijing, March 30, 2017. [Photo/IC] Fifty percent of the global gross domestic product will derive from the digital economy, with the percentage in China to potentially hit 55 percent, predicted Wu Lianfeng, vice-president of the market research company IDC China in Beijing on Monday. By 2019, global capital… Please follow and like us:

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Open economy ‘benefits all’, Xi says

Joint efforts needed for a bright future, he tells APEC business leaders meeting President Xi Jinping sent a strong message of pursuing open global economies, supporting free trade and building a multilateral trade system in a highly anticipated speech delivered at the APEC CEO Summit in Vietnam on Friday. He called economic globalization an irreversible historical… Please follow and like us:

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