Facebook Libra Cryptocurrency Has Its Uses, Says Bank of England Governor
Facebook’s crypto has potential, according to the Bank of England governor Go to Source Powered by WPeMatico
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A Short History of Major Fiat Currency Collapses and What Triggered Them
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
Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin
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
Davos 2019: Leaders Share Mixed Cryptocurrency Predictions
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
Bank of England Adviser: Cryptocurrencies Fail Basic Financial Tests, Lack Value
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
UK Government Moots Ban on Cryptocurrency Derivatives
The U.K. government is considering a ban on cryptocurrency-linked derivative products. The Financial Conduct Authority said in a report on Oct. 29 that it will begin consultations on whether to ban the sale of derivatives based on digital coins like BTC as well as to restrict crypto-based contracts of difference to the public. Virtual currency … Read more
UK: Gov’t Taskforce Proposes Crypto Regulation Changes, Questions Crypto Definition
U.K. financial regulators have proposed a set of changes to crypto regulation in a recent report, including prohibiting certain crypto CFDs and futures Go to Source Powered by WPeMatico
Bitcoin Cash Can Scale Exponentially and Support the Global Economy
For well over a year now the Bitcoin Cash (BCH) protocol has shown quite a bit of capability as far as on-chain scaling is concerned. The creator of Bitcoin knew that the technology had to expand in scale quite vastly in order to accept the magnitude of global commerce and businesses on the blockchain. In … Read more
Trading Bitcoin Declared Illegal in Saudi Arabia Despite the Great Strides Made
Trading cryptocurrencies is illegal in the kingdom of Saudi Arabia, as they are high risk to traders and are out of the government’s supervision. This is according to a statement issued on August 12 by a standing committee comprised of regulators from various government institutions. The statement made it clear that no entities are licensed … Read more
Bank of England Prepares to Integrate Blockchain-Based Products and Services
Banks and other financial institutions have never been particularly crypto-friendly. When it comes to blockchain technology, however, the story is very different. The Bank of England is looking to introduce a new payments system which will accommodate future blockchain integration. It’s a positive development for the industry as a whole. Bank of England Has Blockchain … Read more