Cryptocurrencies

This Russian Presidential Candidate Wants to Legalize Bitcoin

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Boris Titov, a Russian businessman/ombudsman and Bitcoin advocate, recently revealed he will participate in the presidential elections in 2018. Titov, the leader of Russia’s Party of Growth, revealed that he would legalize popular cryptocurrencies such as Bitcoin and ethereum and that people would be able to store them in banks and exchanges, having the ability to pay for things outside of Russia with them. In Russia, Titov [...]

‘Massive Disruption’: IMF’s Lagarde Says Cryptocurrencies Must Be Taken Seriously

Christine Lagarde, managing director of the international monetary fund (IMF), has warned that central banks and financial services need to pay closer attention to cryptocurrencies. Speaking to CNBC at the IMF’s Annual Meetings in Washington D.C., Lagarde said: “I think that we are about to see massive disruptions.” According to Lagarde, cryptocurrencies could play a future role in updating the IMF’s own internal currency, a reserve asset named the Special Drawing Right (SDR). She said: “What we will be looking into is how this [...]