Stephen Moore missed out on being appointed to the Board of the Federal Reserve.

He has now decided to start his own central bank instead by creating a cryptocurrency:
 
"Decentral"
  • will attempt to perform Fed like duties
  • regulating the supply of crypto in the same way as the Fed controls the supply of money
  • will exchange its own new token for other cryptos
  • supply of the new cryptocurrency will be tied to the value of the dollar or some other "stable" valuation method 
  • "I'm really excited about doing this," Moore said. "I hope it makes me rich."
Info comes via Fox, link here. 

Stephen Moore missed out on being appointed to the Board of the Federal Reserve.


ForexLive

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Mon 24 Jun 2019 16:23:25 GMT

Bitcoin moves up to unchanged. Correction is modest after the weekend run up.

The $11284.44 was the high today The price of bitcoin moved sharply higher over the weekend and in the process took out the $10000 and $11000 levels. However, the digital currency did stall at $11216 on Saturday and $11284 today.  The corrections, off the highs, could only reach to the 38.2% of the move up from the June 18 low (or close to it).  That retracement came in at $0342.68.  For a full discussion of the weekend move  

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Bitcoin moves up to unchanged. Correction is modest after the weekend run up.


//az705044.vo.msecnd.net/20190624/2019-06-24_9-16-15.jpg Greg Michalowski
Mon 24 Jun 2019 16:23:25 GMT
Category: Cryptocurrency
0


The $11284.44 was the high today The price of bitcoin moved sharply higher over the weekend and in the process took out the $10000 and $11000 levels. However, the digital currency did stall at $11216 on Saturday and $11284 today.  The corrections, off the highs, could only reach to the 38.2% of the move up from the June 18 low (or close to it).  That retracement came in at $0342.68.  For a full discussion of the weekend move  

Asset 24 View More
Bitcoin cracks $10K and $11K, and backs off. What now?
Asset 41
Sun 23 Jun 2019 20:26:13 GMT

6

BoE's Carney to allow crypto companies to deposit at the Bank of England

In BoE Governor Carney's maiden House speech he outlined (in brief) plans to open overnight deposit facilities to  financial technology companies. 

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BoE's Carney to allow crypto companies to deposit at the Bank of England


https://az705044.vo.msecnd.net/20190623/btc-usd-weekly-chart.png Eamonn Sheridan
Sun 23 Jun 2019 20:26:13 GMT
Category: Cryptocurrency
6
In BoE Governor Carney's maiden House speech he outlined (in brief) plans to open overnight deposit facilities to  financial technology companies. 

Asset 24 View More
Sun 23 Jun 2019 20:18:03 GMT

Weekend Bitcoin update - look up! Price hits above 11K.

BTC/USD traded through 10,000 USD over the weekend Interest in the crypto has heightened again after it formed a base and then launched higher in past weeks. For example:

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Weekend Bitcoin update - look up! Price hits above 11K.


https://az705044.vo.msecnd.net/20190623/btc-weekend-move-10k-usd.png Eamonn Sheridan
Sun 23 Jun 2019 20:18:03 GMT
Category: Cryptocurrency
0
BTC/USD traded through 10,000 USD over the weekend Interest in the crypto has heightened again after it formed a base and then launched higher in past weeks. For example:

Asset 24 View More
Sat 22 Jun 2019 15:32:19 GMT

30

Bitcoin cracks $10K and $11K, and backs off. What now?

Watch the depth of the correction. It will tell you if the buyers are still in control The price of bitcoin on Coinbase surged above $10k and then 11K on Saturday. The price stalled at $11215.89.  The pairs last meanful corrective bottom on the hourly chart below, was on Tuesday, June 18 at $8930.  That's a 25.59% increase in 4 days.

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Bitcoin cracks $10K and $11K, and backs off. What now?


//az705044.vo.msecnd.net/20190622/2019-06-22_7-56-02.jpg Greg Michalowski
Sat 22 Jun 2019 15:32:19 GMT
Category: Cryptocurrency
30
Watch the depth of the correction. It will tell you if the buyers are still in control The price of bitcoin on Coinbase surged above $10k and then 11K on Saturday. The price stalled at $11215.89.  The pairs last meanful corrective bottom on the hourly chart below, was on Tuesday, June 18 at $8930.  That's a 25.59% increase in 4 days.

Asset 24 View More
Fri 21 Jun 2019 16:14:08 GMT

2

Bitcoin eyes $10K. Above the 38.2% of the move down from the all-time high

$10,000 in traders view The price of bitcoin on Coinbase is currently trading up about $228 at $9789. The high reached $9929. The low extended to $9460.97.  The $10K level is in traders sites.  The price has not traded above the $10,000 level since March 8, 2018 on Coinbase.  

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Bitcoin eyes $10K. Above the 38.2% of the move down from the all-time high


//az705044.vo.msecnd.net/20190621/2019-06-21_9-03-04.jpg Greg Michalowski
Fri 21 Jun 2019 16:14:08 GMT
Category: Cryptocurrency
2
$10,000 in traders view The price of bitcoin on Coinbase is currently trading up about $228 at $9789. The high reached $9929. The low extended to $9460.97.  The $10K level is in traders sites.  The price has not traded above the $10,000 level since March 8, 2018 on Coinbase.  

Asset 24 View More
Fri 21 Jun 2019 02:43:08 GMT

1

Gold and Bitcoin slugging it out for best on field today

I've posted on gold a couple of times - its been as high as above 1410 USD after yesterday's break of a 5 year high. But, catching up on BTC now. I posted earlier its time to dust off the '10K' hats

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Gold and Bitcoin slugging it out for best on field today


https://az705044.vo.msecnd.net/20190621/btc-chart-10k.png Eamonn Sheridan
Fri 21 Jun 2019 02:43:08 GMT
Category: Cryptocurrency
1
I've posted on gold a couple of times - its been as high as above 1410 USD after yesterday's break of a 5 year high. But, catching up on BTC now. I posted earlier its time to dust off the '10K' hats

Asset 24 View More
Thu 20 Jun 2019 20:49:41 GMT

3

If you still have your 'Dow 10,000' hat you might want to rejig it for Bitcoin

The weakness in the USD is helping to contribute to the performance of BTC jellyfish at the Fed Along with gold and everything else of course. BTC is up through 9500 as US markets up for the session:

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If you still have your 'Dow 10,000' hat you might want to rejig it for Bitcoin


https://az705044.vo.msecnd.net/20190620/btc-usd-chart-federal-reserve.png Eamonn Sheridan
Thu 20 Jun 2019 20:49:41 GMT
Category: Cryptocurrency
3
The weakness in the USD is helping to contribute to the performance of BTC jellyfish at the Fed Along with gold and everything else of course. BTC is up through 9500 as US markets up for the session:

Asset 24 View More
Thu 20 Jun 2019 13:28:59 GMT

13

QuadrigaCX founder moved customer funds into his personal account - auditor

CEO died in December Canadian crypto exchange QuadrigaCX was virtually a complete fraud. Auditors Ernst & Young moved large sums of customer assets into his personal accounts at other exchanges. From there he withdrew funds and traded on margin, incurring "substantial" losses.

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QuadrigaCX founder moved customer funds into his personal account - auditor


//az705044.vo.msecnd.net/20190201/gerald-cotton.png Adam Button
Thu 20 Jun 2019 13:28:59 GMT
Author: Adam Button
Category: Cryptocurrency
13
CEO died in December Canadian crypto exchange QuadrigaCX was virtually a complete fraud. Auditors Ernst & Young moved large sums of customer assets into his personal accounts at other exchanges. From there he withdrew funds and traded on margin, incurring "substantial" losses.

Asset 24 View More
Wed 19 Jun 2019 03:09:47 GMT

ICYMI - Facebook unveiled its cryptocurrency, Libra, on Tuesday US time

I posted on Tuesday Asia time the launch was coming, and indeed it did. - Facebook's alternative financial system centres on 'Libra'. their cryptocurrency - FB has 27 partners in the venture, including Mastercard and Uber

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ICYMI - Facebook unveiled its cryptocurrency, Libra, on Tuesday US time


Eamonn Sheridan
Wed 19 Jun 2019 03:09:47 GMT
Category: Cryptocurrency
0
I posted on Tuesday Asia time the launch was coming, and indeed it did. - Facebook's alternative financial system centres on 'Libra'. their cryptocurrency - FB has 27 partners in the venture, including Mastercard and Uber

Asset 24 View More
Tue 18 Jun 2019 16:54:35 GMT

1

CFTC lays charges in Bitcoin trading scam that netted $147 million

UK firm said it earned 1.5% daily The CFTC alleges that between May 1 and October 31, 2017 UK firm Control-Finance Limited solicited customers to purchase Bitcoin and hand them over. The coins were worth at least $147 million at the time of the transactions (and much more a year later).

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CFTC lays charges in Bitcoin trading scam that netted $147 million


//az705044.vo.msecnd.net/20180515/bitcoin.png Adam Button
Tue 18 Jun 2019 16:54:35 GMT
Author: Adam Button
Category: Cryptocurrency
1
UK firm said it earned 1.5% daily The CFTC alleges that between May 1 and October 31, 2017 UK firm Control-Finance Limited solicited customers to purchase Bitcoin and hand them over. The coins were worth at least $147 million at the time of the transactions (and much more a year later).

Asset 24 View More
Tue 18 Jun 2019 03:15:14 GMT

2

Get set for Facebook to unveil its cryptocurrency Tuesday US time

There are reports from multiple sources that Facebook will reveal details of its cryptocurrency (its called Libra) in the morning Tuesday US time. - to publish a whitepaper The background to this is that FB has circa 2.5 billion users - this could well be seen as a very significant endorsement of crypto and the recent price rises of such currencies would support this. The other thing to consider are entrenched payment method competitors, so Libra is not going to get a free run.

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Get set for Facebook to unveil its cryptocurrency Tuesday US time


https://az705044.vo.msecnd.net/20190618/btc-weekly.png Eamonn Sheridan
Tue 18 Jun 2019 03:15:14 GMT
Category: Cryptocurrency
2
There are reports from multiple sources that Facebook will reveal details of its cryptocurrency (its called Libra) in the morning Tuesday US time. - to publish a whitepaper The background to this is that FB has circa 2.5 billion users - this could well be seen as a very significant endorsement of crypto and the recent price rises of such currencies would support this. The other thing to consider are entrenched payment method competitors, so Libra is not going to get a free run.

Asset 24 View More
Mon 17 Jun 2019 17:57:01 GMT

3

Facebook and JPMorgan help lift Bitcoin above $9000

Bitcoin up 10% today Bitcoin is having a big day. It hit $9420 today, climbing more than 10% and reaching the best levels since May 2018. It's been a remarkable run since early April with prices up more than 127%.

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Facebook and JPMorgan help lift Bitcoin above $9000


//az705044.vo.msecnd.net/20190617/2019-06-17_13-51-17.png Adam Button
Mon 17 Jun 2019 17:57:01 GMT
Author: Adam Button
Category: Cryptocurrency
3
Bitcoin up 10% today Bitcoin is having a big day. It hit $9420 today, climbing more than 10% and reaching the best levels since May 2018. It's been a remarkable run since early April with prices up more than 127%.

Asset 24 View More
Sun 16 Jun 2019 20:08:15 GMT

25

Bitcoin is higher over the weekend

Some cite the Facebook new cryptocurrency The price of bitcoin reached a new high going back to May 2018 over the weeked. The price reached $9388. That surpassed the May 30 high of $9090 and traded at the highest level since May 9, 2018.  The next major swing high was on May 5th 2018 at $9948 (close enough to the $10,000 naturaly level of resistance).

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Bitcoin is higher over the weekend


//az705044.vo.msecnd.net/20190616/2019-06-16_13-05-38.jpg Greg Michalowski
Sun 16 Jun 2019 20:08:15 GMT
Category: Cryptocurrency
25
Some cite the Facebook new cryptocurrency The price of bitcoin reached a new high going back to May 2018 over the weeked. The price reached $9388. That surpassed the May 30 high of $9090 and traded at the highest level since May 9, 2018.  The next major swing high was on May 5th 2018 at $9948 (close enough to the $10,000 naturaly level of resistance).

Asset 24 View More
Thu 13 Jun 2019 22:25:49 GMT

4

Visa, Mastercard, PayPal and Uber all backing Facebook’s new cryptocurrency

Facebook will be launching its digital coin next week - A consortium of firms including Visa, Mastercard, PayPal and Uber are investing around $10 million each WSJ citing 'people familiar with the matter' for the info.

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Visa, Mastercard, PayPal and Uber all backing Facebook’s new cryptocurrency


https://az705044.vo.msecnd.net/20190613/btc-hourly-chart-14-june-2019.png Eamonn Sheridan
Thu 13 Jun 2019 22:25:49 GMT
Category: Cryptocurrency
4
Facebook will be launching its digital coin next week - A consortium of firms including Visa, Mastercard, PayPal and Uber are investing around $10 million each WSJ citing 'people familiar with the matter' for the info.

Asset 24 View More
Sun 9 Jun 2019 22:02:34 GMT

2

Bitcoin weekend update - down a little

The crypto folks have been busy over the weekend whiel FX had a brea. Crypto is down a touch: Last week saw a solid bounce from the early lows sub 7500 but we are not too far from there.  7900/8100 looks to be some seller interest?

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Bitcoin weekend update - down a little


https://az705044.vo.msecnd.net/20190609/btcusd-chart-10-june-2019.png Eamonn Sheridan
Sun 9 Jun 2019 22:02:34 GMT
Category: Cryptocurrency
2
The crypto folks have been busy over the weekend whiel FX had a brea. Crypto is down a touch: Last week saw a solid bounce from the early lows sub 7500 but we are not too far from there.  7900/8100 looks to be some seller interest?

Asset 24 View More
Fri 7 Jun 2019 18:07:45 GMT

1

Bitcoin back above the $8000 level as support at $7450 did a good job of basing the digital currency this week

Above 100 hour MA at $7880.. Back on Tuesday, I outlined the $7450 area as a support area.  It was home to swing lows from mid-May, and was near the 38.2% retracement of the move up from the April 26 low. 

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Bitcoin back above the $8000 level as support at $7450 did a good job of basing the digital currency this week


//az705044.vo.msecnd.net/20190607/2019-06-07_11-06-35.jpg Greg Michalowski
Fri 7 Jun 2019 18:07:45 GMT
Category: Cryptocurrency
1
Above 100 hour MA at $7880.. Back on Tuesday, I outlined the $7450 area as a support area.  It was home to swing lows from mid-May, and was near the 38.2% retracement of the move up from the April 26 low. 

Asset 24 View More
Thu 6 Jun 2019 02:32:48 GMT

2

Influential Swiss think tank urges the SNB to start working on a national cryptocurrency

Avenir Suisse released a report "Blockchain After the Hype" - suggests the creation of a "franc token" controlled by the SNB - a stablecoin

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Influential Swiss think tank urges the SNB to start working on a national cryptocurrency


https://az705044.vo.msecnd.net/20190606/btcusd-hour-chart-snb.png Eamonn Sheridan
Thu 6 Jun 2019 02:32:48 GMT
Category: Cryptocurrency
2
Avenir Suisse released a report "Blockchain After the Hype" - suggests the creation of a "franc token" controlled by the SNB - a stablecoin

Asset 24 View More
Wed 5 Jun 2019 17:17:22 GMT

Bitcoin higher on the day after test of a lower floor at $7450 stalled the fall

Price of bitcoin remains below $8000 , I wrote on the decline that: In a post yesterday The move (lower) today brings the digital currency back into a $7450 to $8400 range.  From May 13 to May 27, the price traded 12 of 14 days in that range (there were two days when the price traded below the $7450 low). 

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Bitcoin higher on the day after test of a lower floor at $7450 stalled the fall


//az705044.vo.msecnd.net/20190605/2019-06-05_10-03-25.jpg Greg Michalowski
Wed 5 Jun 2019 17:17:22 GMT
Category: Cryptocurrency
0
Price of bitcoin remains below $8000 , I wrote on the decline that: In a post yesterday The move (lower) today brings the digital currency back into a $7450 to $8400 range.  From May 13 to May 27, the price traded 12 of 14 days in that range (there were two days when the price traded below the $7450 low). 

Asset 24 View More
Wed 5 Jun 2019 06:00:18 GMT

China: PBOC helped by dovish central banks

Via Bloomberg.  China's investors will be encouraged by the dovish flight of central banks, as it will make it easier for Beijing's policy makers to track a path through the difficult time that they have ahead. and it is hard to envisage a scenario at the moment where they don't have a series of rate cuts ahead. this  week after a a poor GDP release. If India do cut interest rates it will be their third meeting in a row that India has cut interest rates. on low inflation and trade risks (which are ever increasing). The Federal Reserve may use June's meeting to flag up a July cut now.  The jury is still out for the Bank of England , but the ECB ought to be pushing normalisation of rates out further so there are enough doves in the pen to assist Beijing. ForexLive

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China: PBOC helped by dovish central banks


//az705044.vo.msecnd.net/20190604/adi-constantin-65004-unsplash.jpg Giles Coghlan
Wed 5 Jun 2019 06:00:18 GMT
Category: Cryptocurrency
0
Via Bloomberg.  China's investors will be encouraged by the dovish flight of central banks, as it will make it easier for Beijing's policy makers to track a path through the difficult time that they have ahead. and it is hard to envisage a scenario at the moment where they don't have a series of rate cuts ahead. this  week after a a poor GDP release. If India do cut interest rates it will be their third meeting in a row that India has cut interest rates. on low inflation and trade risks (which are ever increasing). The Federal Reserve may use June's meeting to flag up a July cut now.  The jury is still out for the Bank of England , but the ECB ought to be pushing normalisation of rates out further so there are enough doves in the pen to assist Beijing. ForexLive

Asset 24 View More
Tue 4 Jun 2019 17:44:02 GMT

4

SEC sues Kik for $100m for ICO of Kin

SEC comes down on the ICO craze The US Securities and Exchange Commission said Kik Interactive illegally raised more than $55 million from US investors by selling an ICO for Kin without the proper disclosures and procedures. The sale raised $100 million for the company.

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SEC sues Kik for $100m for ICO of Kin


//az705044.vo.msecnd.net/20190604/kin-chart.png Adam Button
Tue 4 Jun 2019 17:44:02 GMT
Author: Adam Button
Category: Cryptocurrency
4
SEC comes down on the ICO craze The US Securities and Exchange Commission said Kik Interactive illegally raised more than $55 million from US investors by selling an ICO for Kin without the proper disclosures and procedures. The sale raised $100 million for the company.

Asset 24 View More
Tue 4 Jun 2019 16:56:54 GMT

2

Bitcoin back below $8000. Reached $9090 last week

The digital currency is in the $7450 to $8400 range The price of bitcoin is trading back below the $8000 level today after a plunge that took the price from around $8500 to $7700 in the first few hours of trading today. Since then, the price is waffling mostly below the natural $8000 level.  

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Bitcoin back below $8000. Reached $9090 last week


//az705044.vo.msecnd.net/20190604/2019-06-04_9-42-25.jpg Greg Michalowski
Tue 4 Jun 2019 16:56:54 GMT
Category: Cryptocurrency
2
The digital currency is in the $7450 to $8400 range The price of bitcoin is trading back below the $8000 level today after a plunge that took the price from around $8500 to $7700 in the first few hours of trading today. Since then, the price is waffling mostly below the natural $8000 level.  

Asset 24 View More
Tue 4 Jun 2019 00:08:31 GMT

6

Bitcoin continues its plunge, collapses under 8000 USD

I noted the sharp drop earlier: And there has been no respite. 8200 was said to be a bit of a tech level, dispensed with now as the price probes under 7800: ForexLive

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Bitcoin continues its plunge, collapses under 8000 USD


https://az705044.vo.msecnd.net/20190604/bitcoin-collapse-04-june-2019.png Eamonn Sheridan
Tue 4 Jun 2019 00:08:31 GMT
Category: Cryptocurrency
6
I noted the sharp drop earlier: And there has been no respite. 8200 was said to be a bit of a tech level, dispensed with now as the price probes under 7800: ForexLive

Asset 24 View More
Mon 3 Jun 2019 23:26:58 GMT

3

Oh dear, there goes bitcoin - plummeting again

What is it this time, dear? BTC/USD down from just under 8500 to 8200 and thereabouts … whoops, typing too slow, 8150 ish now …. FFS, click publish and it drops to under 8100 USD … 

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Oh dear, there goes bitcoin - plummeting again


https://az705044.vo.msecnd.net/20190603/bitcoin-price-drop-04-june-2019.png Eamonn Sheridan
Mon 3 Jun 2019 23:26:58 GMT
Category: Cryptocurrency
3
What is it this time, dear? BTC/USD down from just under 8500 to 8200 and thereabouts … whoops, typing too slow, 8150 ish now …. FFS, click publish and it drops to under 8100 USD … 

Asset 24 View More
Sun 2 Jun 2019 21:05:43 GMT

1

FT: Facebook in talks with US regulator over digital currency

The Financial Times reports that Facebook continues to negotiate with the CFTC over plans for a digital currency. - Will be a part of Facebook push in to payments, a new digital payments network to allow users to transfer money, buy items on the platform, its apps Instagram and WhatsApp, and across the wider net.

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FT: Facebook in talks with US regulator over digital currency


Eamonn Sheridan
Sun 2 Jun 2019 21:05:43 GMT
Category: Cryptocurrency
1
The Financial Times reports that Facebook continues to negotiate with the CFTC over plans for a digital currency. - Will be a part of Facebook push in to payments, a new digital payments network to allow users to transfer money, buy items on the platform, its apps Instagram and WhatsApp, and across the wider net.

Asset 24 View More

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