The BIS’ Report on Crypto as Money: A Critical Review
The Bank of International Settlements doesn’t think that crypto can substitute money. Is their criticism justified? Go to Source Powered by WPeMatico
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Chairman of Korean Gaming Giant Predicts Use of Blockchain in ‘All Industries’ in Future
Blockchain tech, similar to the widespread nature of the Internet, will soon be used across all industries, says the chairman of South Korean gaming giant Go to Source Powered by WPeMatico
Crypto Markets See Red After Hack of World’s Sixth Largest Crypto Exchange
All of the top ten cryptocurrencies by market cap have been hit by losses today, after news broke of the hack of the world’s sixth largest crypto exchange, Bithumb Go to Source Powered by WPeMatico
Retail Adoption of Crypto Would “Bring the Internet to a Halt” – BIS Report
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
Cambodian Regulators Say Dealing in Crypto Without License Is Illegal
Dealing in crypto without obtaining a license from authorities has been declared illegal in Cambodia, in a joint statement released today by the country’s central bank Go to Source Powered by WPeMatico
Crypto Markets See $13 Bln Price Spike in One Hour, Despite Negative BIS Report
Crypto markets experience solid gains today, despite news of a scathing report on crypto from the Bank of International Settlements Go to Source Powered by WPeMatico
Crypto Not Scalable Enough to Be Money, Says Bank of International Settlements
The Bank of International Settlements says crypto can’t function as money, given it lacks “scalability, stability of value and trust in the finality of payments” Go to Source Powered by WPeMatico
BIS GM Argues New Cryptos Are “the Alchemy of the Age of Innovation”
The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently published its quarterly review of “International banking and financial market developments” for June 2018. The report includes an op-ed written by … Read more
India’s RBI Eyeing Own Crypto Is Sign of Potential Ban Reversal, Says Ripple Chief
Ripple’s global head of infrastructure innovation expects India’s central bank to rescind its crypto ban, based on its inquiry into own digital currency Go to Source Powered by WPeMatico
Former Trump Advisor Steve Bannon Calls Crypto ‘Revolutionary’, Plans Entry Into Market
Former Trump advisor Steve Bannon is planning on entering crypto, saying if it weren’t for the White House, he would’ve done it sooner Go to Source Powered by WPeMatico