BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Bitcoin'. (Return)

MarketWatch MarketPulseJul 18, 2018
Fed's Powell says cryptocurrencies have no intrinsic value
Federal Reserve Chairman Jerome Powell said Wednesday that digital currencies, like bitcoin, have "no intrinsic value" and are only good if you are trying to hide or launder money. Speaking in front of the House Financial Services Committee, Powell said that oversight of the digital currency market was not the role of the Fed but more a "consumer protection issue." Despite talk that the Fed may be looking into developing its own cryptocurrency, Powell said this wasn't the case. Bitcoin is in the midst of a summer rally, having risen more than 30% since June 24.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


TRENDING TAGS
tradeChina war Trump worries investors
TrumpTariffs Putin trade Russia Auto
Chinatrade stocks investors Hong Kong
EarningsQ2 Call Conference Transcript shares
sharesearnings trade worries rattle yuan
dealAmericans Ideal Trump trade Hot
Stockstrade China investors high dollar
GoogleEU fine billion Android Antitrust
investorstrade stocks China mull stumbling
StockEarnings Buffett Berkshire Could buyback

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact

©1999-2018 CEOExpress Company LLC