Five European Union Countries Team Up to Block Libra: Report
France, Germany, Italy, Spain and the Netherlands have teamed up to encourage the European Union to ban Libra altogether, a new report says Go to Source Powered by WPeMatico
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Argentina’s Example Shows That You Don’t Own Your Money
Cash shortages, bank closures and ATMs running out of funds seems to be the new norm for many countries, and recently increased capital controls in Argentina are further testament to this unsettling trend. Sunday’s election of president Alberto Fernández has resulted in Argentine account holders being limited to USD purchases of $200 via bank account … Read more
Report: Chinese Guangzhou Gov’t Unveils $140M Blockchain Subsidy Fund
Guangzhou government announces $140 million subsidy fund to encourage the development of blockchain initiatives Go to Source Powered by WPeMatico
Cryptocurrencies Like Bitcoin are Not Real Money: German Parliament
Cryptocurrencies like Bitcoin are not real money, according to the German parliament Go to Source Powered by WPeMatico
Speculation Abounds Over the Cause of Bitcoin’s Recent Rally
Crypto’s most recent bull run began last Friday, October 25, after a significant plunge in prices just days earlier that had some prognosticators worried about a return to late 2018 and early 2019’s bleak crypto winter. Since the recent spike, prices have held relatively steady, suggesting this rally is not just a flash in the … Read more
Julius Baer Top Exec: Crypto Still in ‘Darwinian’ Process of Selection
Julius Baer’s chief strategist says cryptocurrencies are at a “Darwinian” stage and remain and more like gold than currency Go to Source Powered by WPeMatico
China Ranks 35 Crypto Projects as President Xi Pushes Blockchain
China has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development has continued to evaluate and rank crypto projects, and the central bank is … Read more
Why Central Banks Are Not Designed for Democracies
Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks are almost never part of the due democratic process. Also … Read more
The Chinese Government Will now ban Content Aimed at Discrediting Blockchain Technology
The blockchain climate in China has undergone plenty of changes in the past few weeks. Despite initial opposition to this technology, the current conversations are completely different. Any news source or blog discrediting blockchain technology will now be forced to remove those posts altogether. This further confirms China wants to embrace this technology to the … Read more
China: Forex Regulator Warns Against Illegal Crypto Cross-Border Flows
Emerging markets must crackdown on crypto-enabled illegal cross-border capital flows, says China’s State Administration of Foreign Exchange Go to Source Powered by WPeMatico