Lloyd Blankfein, chief executive officer of the investment banking giant Goldman Sachs, said he is not into cryptocurrencies and was at a loss to explain why they should be successful as an asset class. In an interview at the Economic Club of New York, Blankfein said, "But if it [cryptocurrency] did work, I will be able to explain in hindsight why it did." more...
A Wall Street analyst has reportedly predicted a massive selling of cryptocurrencies to U.S. dollars in the lead up to the mid-April tax filing deadline in the United States. Thomas Lee, head of research at Fundstrat Global Advisors, estimates that U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings. This is in addition to crypto exchanges. more...
A hotel group in the Russian city of Kaliningrad has announced that it will accept payments from football fans who stay in their hotels during this year's World Cup football games in cryptocurrency. The western Russian city is hosting four matches to be played on June 16, 22, 25 and 28. Natonal teams of Spain, Belgium, Serbia, England, Switzerland, Croatia, Morocco and Nigeria are playing in Ka more...
The head of the Bank for International Settlements is forecasting a gloomy future for cryptocurrencies. "While perhaps intended as an alternative payment system with no government involvement, it has become a combination of a bubble, a Ponzi scheme and an environmental disaster," says Augustin Carstens, General Manager of the BIS. He was speaking at Goethe University House of Finance in Frankfurt. more...
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