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1 Simple Lesson That Most Cryptocurrency Investors Learn the Hard Way

Hard knocks tend to teach lessons that don't get forgotten, in investing as well as in life. In cryptocurrency, there's one particular lesson that almost everyone learns the hard way at one point or another. Professional cryptocurrency investors typically consider themselves to be a daring lot, often believing that with their asset selection, they're investing in the "future of finance."

Trump nominates Federal Reserve Governor Bowman as vice chair for supervision

WASHINGTON (Reuters) -U.S. President Donald Trump nominated Federal Reserve Governor Michelle Bowman to the central bank's top regulatory post as vice chair for supervision where she is expected to oversee an agenda of relaxed rule-writing and bank oversight. A former community banker and frequent critic of overzealous bank regulation, Bowman would replace Michael Barr, who stepped down from the supervision post at the end of February to avert a potential legal dispute with the Trump administration. In a statement, Bowman thanked Trump for the nomination and said she would pursue "a pragmatic approach to supervision and regulation with a transparent and tailored bank regulatory framework that encourages innovation."