Turkey Puts Central Bank Digital Currency on New Economic Roadmap
The Turkish government has included a blockchain-based central bank digital currency as a target in its 2019–2023 economic roadmap Go to Source Powered by WPeMatico
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‘PayPal is F*cked’: BitMEX CEO Says Facebook Libra Will Make Banks ‘Dumb Nodes’
PayPal is a dead end, says BitMEX’s Arthur Hayes Go to Source Powered by WPeMatico
EU Central Bank Won’t Add Bitcoin to Reserves — Says Its Not a Currency
European Central Bank’s latest bitcoin-isn’t-money soundbite fails to win favor with Twitter followers Go to Source Powered by WPeMatico
Chinese Central Bank’s Blockchain Trade Platform Processed $4.36B
China’s central bank, the People’s Bank of China, has processed $4.36 billion in foreign exchange transactions on its blockchain platform since its inception Go to Source Powered by WPeMatico
European Central Bank Exec Calls for Fast Regulatory Action Regarding Libra
Financial regulators must act fast to prepare for Facebook’s Libra stablecoin, according to European Central Bank executive board member Benoit Coeure Go to Source Powered by WPeMatico
Three Bank Failures Open New Chapter in Never-Ending Financial Crisis
The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be … Read more
Bank of Japan: Cash Prevents Digital Currencies With Negative Interest
Bank of Japan says digital currencies can’t be issued by banks hoping to push through a negative interest rate agenda Go to Source Powered by WPeMatico
Economist Joseph Stiglitz: Only a Fool Would Trust Facebook’s Libra
“Every currency is based on trust, but only a fool would trust Facebook’s Libra” noted Nobel laureate in economics Joseph Stiglitz Go to Source Powered by WPeMatico
Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be Bankers?
Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive tendencies. Deutsche Bank’s head of strategy Jim Reid recently noted … Read more
From ‘Ponzi’ To ‘We’re Working On It’ – BIS Chief Reverses Stance On Crypto
The BIS is in the process of helping banks launch digital currencies, contradicting previous statements Go to Source Powered by WPeMatico