St. Louis Fed Says Flood of Altcoins Competing with Bitcoin Likely to Place Significant Downward Pressure on All Cryptocurrencies

January 15, 2019 @ 3:08 pm By JD Alois |

A few days ago the St. Louis Federal Reserve entered the debate regarding crypto and specifically, the price of Bitcoin. In brief, the Fed is not very impressed. “Whither Bitcoin” asserts that the future price path is more likely to remain bounded between these two… Read More

St.Louis Federal Reserve Adds Bitcoin, Bitcoin Cash, Ethereum, and Litecoin to Data Tracking Service

June 22, 2018 @ 10:52 am By JD Alois |

This week, the Federal Reserve of St. Louis has added multiple cryptocurrencies to their data tracking service FRED. FRED has added four series on the prices of different cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin (but no Ripple), with the data is coming from Coinbase. All of the information is being updated… Read More

St. Louis Federal Reserve Bank on Cryptocurrency: The True Potential of Blockchain Technology will Become Apparent Only Many Years After it is Adopted

January 17, 2018 @ 3:18 pm By JD Alois |

The Federal Reserve Bank of St. Louis is out with a paper on the “World of Cryptocurrencies.” Authored by Aleksandr Berentsen and Fabian Schär, the article addresses possible applications of cryptocurrencies, and blockchain technology in general. Schär and Berentsen conclude that “Bitcoin has a wide… Read More