Putin’s internet ombudsman pessimistic about crypto regulation

Despite Russian officials’ increased interest in cryptocurrencies like Bitcoin (BTC), Russia’s internet ombudsman expressed confidence that local crypto regulations will remain largely prohibitive. Dmitry Marinichev, Russia’s ombudsman for the protection of entrepreneurs’ rights under Russian President Vladimir Putin, discussed Russia’s approach to cryptocurrency regulations at a panel of a major local industry event, Blockchain Life 2021, on Wednesday. Russia will continue to take a restrictive stance on crypto because the Russian government doesn’t want Russian people making money with Bitcoin, Marinichev said: “I’m sure that Russian crypto policies will always be…

Apple (AAPL) Shares Drop 6.7% after Pessimistic Call from Goldman Sachs

Despite yesterday’s 6.7% plunge, Apple (AAPL) stock is up in the pre-market. Now investors want to know whether they need to listen to the pessimistic opinion of the analyst about AAPL shares. The shares of tech giant Apple Inc (NASDAQ: AAPL) closed with a drop of about 6.7% yesterday following a pessimistic call from Goldman Sachs analyst Rod Hall. Hall which gave Apple (AAPL) stock a sell rating back in April has also taken a position that has caused a plunge in the shares of Apple (AAPL). In a note…

St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency

St. Louis Fed Chief James Bullard reportedly views cryptocurrencies as part of a global currency competition that is ultimately unhealthy. Bullard presented his views at the Central Bank Research Association 2019 annual meeting in a talk entitled “Public and Private Currency Competition.”  Presentation slides have subsequently appeared on the official Twitter account for The St. Louis Fed on July 19. In Bullard’s slides, he noted that there is historical precedent for certain key features of cryptocurrency. One of his bullet points reads: “Global currency competition is nothing new, nor is…

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

44 percent of those surveyed on crypto Twitter believe the price of bitcoin core (BTC) has a ways to go before finding bottom, while over half of Wall Street and institutional investors seem to believe BTC’s bottom has been reached. The poll was conducted by Fundstrat, comparing the views comprised of 25 Wall Street related institutions against those of 9,500 respondents on Twitter. Also read: Hong Kong-Based Crypto Exchange Coinex Pays Interest in BCH Fundstrat: Wall Street is Optimistic While the Ecosystem Remains Sour on BTC’s Price Over the period…