IMF Chief Christine Lagarde Says International Crypto Regulation Is ‘Inevitable’ And Necessary

International Monetary Fund chief Christine Lagarde told CNN, that regulation of cryptocurrencies is “inevitable” and necessary on an international level. Lagarde added that because crypto currencies fuel “dark activity,” a reference to the potential for cryptocurrencies to be used for money laundering and other illegal online activities due to their anonymous nature. Lagarde herself was…

Bitcoin Price Tops $10K Across Major Exchanges

Bitcoin’s price is back above $10,000 for the first time since December of last year, shortly after it had charted a course to record highs near $20,000. Since the February low around $6,116. The market correction saw bitcoin lose 69.5 percent of its value from the all-time high but the cryptocurrency has slowly gained altitude…

CFTC Joins SEC In Warning Against Crypto Pump-and-Dumps

The Commodity Futures Trading Commission C.F.T.C on Thursday issued a warning about cryptocurrency pump-and-dump schemes. Earlier this month, the agency put out an advisory that urged caution around investing in cryptocurrency retirement accounts, they stated that “Customers should not purchase virtual currencies, digital coins, or tokens based on social media tips or sudden price spikes.…