St. Louis Fed: In Some Ways, Bitcoin Is More Robust Than Many Fiat Currencies

In a recent article on the basics of bitcoin and other cryptocurrencies (PDF), Aleksander Berentsen and Fabian Schär of the Federal Reserve Bank of St.

Fedcoin Could Be Coming Soon, But Would It Really Challenge Bitcoin?

The idea of “Fedcoin,” a cryptocurrency sponsored by the U.S. government and managed by the Federal Reserve, has been around for quite some time.

Bitcoin is a “Highly Speculative Asset”, Says Federal Reserve’s Yellen

In her final press conference as Fed Reserve Chair, Janet Yellen called bitcoin “a highly speculative asset” that “doesn’t constitute legal tender.

Bitcoin and the Quantity Theory of Money – Why Bitcoin is Undervalued

If you were awake in your college economics class you might recall Milton Friedman’s classic theory: The quantity theory of money.

Bitcoin ‘Not a Rational Currency,” Doesn’t Mean It’s Worthless: Ex-Fed Chair Greenspan

Former Federal Reserve Chairman Alan Greenspan said that bitcoin bears many similarities to the Continental dollars that the American Congress printed during the War for Independence to finance the war against Great Britain.

Boston Fed Official: Blockchain Can Fundamentally Change Payments

Jim Cunha, senior vice president of the Federal Reserve Bank of Boston, thinks distributed ledger technology (DLT) will have major implications on the U.S. payment system, in addition to financial regulations and cybersecurity. The Boston Fed posted Cunha’s comments on its website. A 33-year Fed veteran, Cunha said DLT can fundamentally change many areas of financial services, including payments.
Philly Fed Chief: Bitcoin Has Little Chance of Thwarting Monetary Policy

Philly Fed Chief: Bitcoin Has Little Chance of Thwarting Monetary Policy

Bitcoin and other cryptocurrencies are unlikely to weaken the Fed Reserve's influence on the U.S. economy. That's according to the president of the Federal Reserve Bank of Philadelphia, Patrick Harker, who issued the new remarks on the second day of a fintech event hosted by his organization, one of 12 regional institutions that today comprise the U.S. central banking system.
US Bank Regulator Opens Door to National License for Bitcoin Firms

US Bank Regulator Opens Door to National License for Bitcoin Firms

The acting comptroller of the currency for the U.S. Treasury Department has said he is open to the idea that a new breed of banks might one day conduct business in bitcoin and other cryptocurrencies. Speaking at an event hosted by the Federal Reserve Bank of Philadelphia Thursday, Keith Noreika, the newly named director of the agency tasked with supervising all national banks, went so far as to state publicly that he foresees a future in which bitcoin companies might be granted "fintech charters" – proposed licenses designed to simplify the way startups do businesses across state borders.