Auto Added by WPeMatico
Apathy towards cryptocurrencies came to the fore at the World Economic Forum, and some believe governments will turn to their own centralized cryptocurrencies to contend with Bitcoin. #ANALYSIS
Powered by WPeMatico
Washington and legacy media are in a tizzy about Venezuela reportedly thwarting international sanctions by way of a dreaded state-backed cryptocurrency. A closer look reveals several stumbling blocks for the Bolivarian Republic: nonexistent reserves, hyperinflation, centralization, and the impossibility of actual redemption. The attempt will fail, if it’s ever rolled out, adding woes to a region […]
The post Why Venezuela’s New National Cryptocurrency El Petro Will Fail appeared first on Bitcoin News.
Powered by WPeMatico
The South Korean government has called for financial regulators and central bankers of 23 other countries as well as 12 organizations, including the International Monetary Fund and the European Union, to collaborate on curbing cryptocurrency trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Other Regulators Urged to Take Action […]
The post South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading appeared first on Bitcoin News.
Powered by WPeMatico
Twenty-four hours ago the decentralized cryptocurrency bitcoin and its US$300Bn market capitalization just surpassed the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $291Bn). Also read: Cayman Investment Forum Focuses on Rise of Bitcoin and Failing Dollar Bitcoin’s Market Valuation Outpaces the IMF’s Special Drawing Rights Reserves Bitcoin’s value has grown immensely in 2017 outperforming […]
The post Bitcoin’s Market Cap Surpasses the IMF’s Special Drawing Rights Reserves appeared first on Bitcoin News.
Powered by WPeMatico