Another nomination; Quarles warns on bitcoin
Jelena McWilliams, Fifth Third Bancorp’s chief legal officer, is the choice for FDIC chair; digital currencies pose too many risks. ... Read full article
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Is it time for bankers to rethink bitcoin?
Dizzying trading in bitcoin fed the bubble argument, but now that Nasdaq is the third Wall Street player to say it is designing a financial instrument around it, banks may be forced to reassess cryptocurrencies. ... Read full article
Wider cryptocurrency use could harm system stability: Fed’s Quarles
The Federal Reserve Board's vice chair of supervision said that digital currencies hold the potential for innovation but that the financial system's security and resiliency are more important. ... Read full article
Bitcoin’s wild ride; Wells names three directors
Digital currency jumps through $11,000 before falling below $9,500 in a volatile day of trading; bank faces growing regulatory scrutiny. ... Read full article
Bitcoin mania mounts as bankers worry
It’s been month after month of record-breaking, confounding growth for the cryptocurrency, accompanied by regular warnings from banks about bubble speculation. ... Read full article
Bitcoin 'ought to be outlawed,' Nobel winner Stiglitz says
Nobel Prize-winning economist Joseph Stiglitz said "bitcoin is successful only because of its potential for circumvention, lack of oversight." ... Read full article
World’s biggest bitcoin exchange launches in U.S. as currency nears $10K
Japan’s bitFlyer is expanding to the American market, even as U.S. banks remain wary of cryptocurrencies. ... Read full article