While he doesn’t think it’s the most likely scenario, Goldman Sachs CEO Lloyd Blankfein says there’s a real risk of an overheating economy and the Federal Reserve raising rates quickly. His advice to the average [More]
In case you have not been paying attention, Bitcoin is hot and (mostly) everybody wants a piece of the action. Buy Bitcoin and you will see returns unheard of on Wall Street, or so the [More]
Bitcoin is crushed, losing 38.10% of its value over a seven-day period. Ethereum and Ripple are crushed, too, losing 43.23% and 48.14% respectively over the same period — see table 1
The cryptocurrency bitcoin is “a combination of a bubble, a Ponzi scheme and an environmental disaster,” according to Agustin Carstens, the head of the Bank for International Settlements (BIS).
Transactions with bitcoin and other cryptocurrencies are no longer available for 8 million credit card users of Lloyds Banking Group, which unites Lloyds Bank, Bank of Scotland, Halifax and MBNA.
Banking group fears cryptocurrency’s plunging value could leave it with huge debt