Share Tweet Share Share Share Email James Bullard, president of the Federal Reserve Bank of St. Louis, said he doesn’t see bitcoin and other digital currencies as a threat to the dollar, CNBC reported on Tuesday (Feb. 16). Bullard told the news organization he believes the escalating bitcoin attraction is not a problem as far as the U.S. dollar’s position as the world’s reserve currency. “I just think for Fed policy, it’s going to be a dollar global economy as far as the eye can… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

Gradual warming to cryptocurrencies by financial companies combined with both retail investments and institutional interest has carved the way for litecoin’s renewed momentum in 2021. Litecoin is Riding the Bull Market to its Next Resistance Level Litecoin had a challenging start. In late 2017 its founder, Charlie Lee, allegedly sold his entire bag of LTC “to concentrate on the project’s… Source link

Maybe some people still believe it, but Bitcoin isn’t really anonymous. Indeed, isn’t anonymous at all: all the transactions in this currency are recorded in a public —and widely-available-online— ledger. Tracking the funds and the parties behind them isn’t that hard, and that’s why privacy coins were created. The privacy coins are cryptocurrencies with in-design functionalities for higher privacy. Some of them are private by default, while others let the users decide if they… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

Litecoin (LTC) has decreased slightly since falling short of the $238 long-term resistance level last week. Despite the rejection, the Litecoin trend still looks bullish. The price is expected to make another breakout attempt in the near future.   Long-Term Litecoin Resistance Levels Litecoin increased considerably over the past week, creating a bullish candlestick to reach a high of $230. The high was just below the $238 resistance area, created by the 0.618 Fib… Source link

Greg King of Osprey Funds Julia King As bitcoin grazes $50,000, a mad frenzy is underway to create crypto funds. Near the front of this stampede is an entrepreneur who has survived many a wild ride in the most volatile corners of Wall Street. Now is his moment to cash in. Greg King, 46, is the controlling shareholder in Osprey Funds, manager of what is likely to become the second freely traded pure play bitcoin fund in the U.S. The first one, Grayscale Bitcoin Trust, is… Source link

Ethereum Ethereum fell by 1.31% on Monday. Following on from a 0.77% decline on Sunday, Ethereum ended the day at $1,780.59. A mixed start to the day saw Ethereum rise to an early morning high $1,814.74 before hitting reverse. Coming up short of the first major resistance level at $1,843, Ethereum tumbled to an early morning intraday low $1,659.93. The sell-off saw Ethereum fall through the major support levels before finding support. Steering clear of the 23.6% FIB of $1,454, Ethereum broke back… Source link

Photographer: Akos Stiller/Bloomberg Bitcoin reached another record, coming ever closer to $50,000, as the world’s largest cryptocurrency extends its breathtaking rally. The token climbed as much as 3.6% to $49,913 in Asian trading Tuesday, according to a composite of prices compiled by Bloomberg. Bitcoin’s volatile, fivefold advance over the past year towers above the returns from… Source link

Bitcoin, after taking a week-long breather in its blistering 2021 bull run, has suddenly shot higher. The bitcoin price briefly climbed past the closely-watched $50,000 per bitcoin level for the first time late on Monday evening, hitting $50,110 on the San Francisco-based exchange Coinbase and $50,240 on the Singapore-based crypto derivatives exchange Bybit before falling back. MORE FROM FORBESLawyers Warn Tesla Billionaire Elon Musk Over Bitcoin Boosting TweetsBy Billy Bambrough … Source link