Bitcoin Funds Saw $453M in Outflows Last Week: CoinShares

Outflows for Bitcoin-specific funds totaled $453 million, wiping off all the inflows made over the past six months, according to a CoinShares report.  The funds measured are investment products that give traditional investors exposure to crypto without having to also custody of said crypto themselves.  When investors buy a crypto-based fund, it is called inflows

Powell Sees No ‘Macroeconomic Implications’ From Bitcoin Price Swings, But ‘Better Regulatory Framework’ Still Needed

The Federal Reserve is closely watching the crypto world—but isn’t worried, according to the central bank’s chairman.  Fed Chief Jerome Powell said today at a Senate committee meeting that the bank saw no “macroeconomic implications” from Bitcoin and the wider crypto market’s volatile price swings, but that better regulation still was required. “I think the

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