“I think we need to look closely at how to encourage their use for legitimate activities while curtailing their use for malign and illegal activities,” Janet Yellen wrote.
Uncertainty is leading many to take short-term profit, according to the "Coinbase Premium" indicator.
The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.
The U.S. should examine how it can curtail the use of crypto for illicit financing, the former Fed Chair said.
NLW looks at price action in crypto, the ETH 2.0 Beacon chain launching Dec 1, the Dow at 30,000 and Janet Yellen’s nomination as Treasury secretary.
Former CFTC Chair Gary Gensler, who's leading Joe Biden's financial oversight team, may be tapped as Deputy Treasury Secretary.
Janet Yellen wasn’t a fan of bitcoin when she ran the Fed. Her views as Treasury Secretary may shape crypto regulation over the next four years.
Former Fed Chair Janet Yellen is expected to be tapped to run the Treasury Department, where she would oversee federal agencies that impact crypto.
A member of the crypto community has gifted former Fed chair Janet Yellen some bitcoin in response to her negative comments on the cryptocurrency.
Janet Yellen pointed to transaction speeds and market volatility as reasons she's not bullish on bitcoin.
The man behind the sign steps into the light to reveal his motives. In a year beset by savage infighting, Bitcoin Sign Guy took a stand, with a small action that not only broke the internet, but raised the spirits of a beleaguered bitcoin community then ravaged by a years-long intellectual war. Were we all Satoshi? Maybe not in 2017. But, we were all "Bitcoin Sign Guy."
Federal Reserve chair Janet Yellen called bitcoin a "highly speculative asset" during her final press conference today
Blockchain data reveals that it pays to be the Bitcoin Sign Guy.
As Federal Reserve chair Janet Yellen testified before Congress today, one attendee had some attention-grabbing advice: buy some bitcoin.
Blockchain is “an important technology” given its potential impact on the global financial system, Federal Reserve chief Janet Yellen said today.