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Bitcoin’s problems are only solvable by departing from proof-of-work, according to research conducted by the Bank for International Settlements Go to Source Powered by WPeMatico
A new report from the Bank for International Settlements has found that 70 percent of central banks are conducting research into central bank digital currencies Go to Source Powered by WPeMatico
An Executive Board member of the European Central Bank considers Bitcoin to be the “evil spawn of the [2008] financial crisis” Go to Source Powered by WPeMatico
In recent regulatory news, a report published by Diar has found that U.S. government agencies have paid approximately $5.7 million USD to blockchain analysis contractors, India’s Enforcement Directorate has seized $5.9 Million worth of assets linked to the case of Amit Bhardwaj, and the Bank of International Settlements finds cryptocurrencies to “not, at this point, … Read more
A new report from the Bank for International Settlements has shown a strong correlation between crypto prices and news of regulators’ interventions Go to Source Powered by WPeMatico
The Bank for International Settlements is not a fan of cryptocurrencies, and it hasn’t shied away from expressing its view. Having released a scathing report on why cryptos are a poor substitute for the institutional backing of money less than two weeks ago, the bank’s general manager was at it again, this time calling cryptos … Read more
From the sublime to the smutty, today’s Bitcoin in Brief runs the full gamut of emotions and stories. These include Bittrex’s new foray into Europe, EOS’ quest to offload its billion-dollar warchest and Jackson Palmer’s viral new project, 50 Shades of Blockchain. Also read: Switzerland Considers Granting Crypto Businesses Access to Banking Services Bittrex Teams Up … Read more
South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country. Now, the government is introducing a new guideline to prevent local crypto exchanges from buying cryptocurrencies at foreign exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
The Bank of International Settlements (BIS) has leased a chapter from its forthcoming annual report that delivers a critical appraisal of bitcoin and cryptocurrency. The report attacks virtual currencies from several main standpoints: claiming that cryptocurrencies do not effectively perform monetary functions due to price volatility, that the retail adoption of blockchain-based payment mechanisms would … Read more
At press time, bitcoin is staying put at $6,700. The currency reached this “pinnacle” just 48 hours ago after rising to $6,500 from its recent low of $6,200. There isn’t a whole lot to be said about bitcoin, presently. Most sources and analysts are of the same sentiment – that the primary difficulties have been … Read more