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Central bank digital currencies are a topic of massive debate. Several governments see merit in this concept, whereas others will try to steer away from it. Bank of England officials are still pro-CBDC, even though that has been different not that long ago. More Banks Show an Interest in CBDC Research With the Brexit now … Read more
Poland is one of the world’s biggest producers of gold. In a new turn of events, the government decided to flex its financial muscles through an intriguing acquisition. Most economies around the globe are struggling or in shambles. Poland Stock up on Gold Poland is one notable exception, at least where the official figures are … Read more
The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon, statistically speaking. But it’s not mere guesswork, … Read more
Facebook wasn’t prepared for the backlash associated with Libra. But should central banks have a role in helping the stablecoin launch — and if so, what? #Sponsored Go to Source Powered by WPeMatico
Mark Carney says Libra is aiming to fix issues that need to be addressed, even if Libra proves not to be the solution Go to Source Powered by WPeMatico
Facebook’s crypto has potential, according to the Bank of England governor Go to Source Powered by WPeMatico
Earlier this year we witnessed a mini flash crash that hit the fiat currency markets. It took approximately seven minutes for the Australian dollar to plummet against the Japanese yen, which surged to levels that it had last held almost a decade ago. Like a number of fiat currencies, bitcoin is going through its own … Read more
Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion of a sovereign state being denied access to its own wealth is a concept that’s hard for bitcoiners to countenance. One thing is certain: the case … Read more
The annual meeting in the Swiss mountain resort of Davos from Jan. 22 to 25, attended by business leaders, politicians, and economists is in progress. Cryptocurrency is once again on the agenda, but so far the discussions emerging from the conference have been mixed, giving attendees plenty of FUD for thought. Also Read: George Soros: Bitcoin Is Propped … Read more
Huw van Steenis, senior adviser to the Governor of the Bank of England, says that cryptocurrencies fail fundamental financial tests and are slow Go to Source Powered by WPeMatico
