St. Louis Federal Reserve says Bitcoin is 'Like Regular Currency'

The Federal Reserve Bank of St. Louis has provided some high-profile validation for a core premise of Bitcoin and other cryptocurrency. A blog post this week based on an earlier Fed research paper said that “bitcoin units have no intrinsic value” – but added that currencies “such as the U.S. dollar, the …
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Square's emerging opportunities like bitcoin payments make stock 'like Amazon in its early days'

Nomura Instinet reiterated its buy rating on Square shares, citing merchants' willingness to accept bitcoin for store payments. "Like Amazon in its early days, we believe that little of Square's future revenue streams are currently visible," analyst Dan Dolev wrote in a note to clients Wednesday entitled "SQ …
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