Experts in blockchain and crypto, central bank officials and researchers take on the question: Why do we need state-owned cryptocurrencies? There are several countries around the world that are developing national blockchain-based digital currencies — such as Venezuela and its state-owned Petro (PTR), China and its plans to issue a government-backed digital currency, etc. We […]
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Facebook Libra is seeking worldwide compliance, but experts are sceptical that the project can meet its 2020 release date due to regulatory uncertainty. For the cryptosphere, August was marked by the hotly debated announcements of world giants regarding the releases of international cryptocurrencies. The People’s Bank of China (PBoC) announced the imminent release of a […]
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Following a visit to Switzerland to discuss Facebook’s Libra stablecoin, U.S. Representative Maxine Waters still has concerns about the project. Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra. Meetings with multiple agencies According to an official statement from Representative […]
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Maxine Waters, the chair of the House of Representatives’ Financial Services Committee, says continuing to review Facebook’s crypto activities is on its fall agenda. Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to review Facebook’s proposed cryptocurrency Libra and the corresponding digital wallet Calibra. […]
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Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the U.S. dollar with a Libra-like digital currency. Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the United States dollar with a digital […]
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The Financial Times’ chief correspondent for international finance has argued that central banks can ironically be credited for boosting Bitcoin’s price. The Financial Times’ chief correspondent for international finance has argued that central banks can ironically be credited for igniting Bitcoin’s price. In a column for Nikkei Asian Review on Aug. 21, Henry Sender said […]
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Cryptocurrencies like Bitcoin will help drive gold price higher, according to veteran frontier markets investor Mark Mobius. Veteran frontier markets investor Mark Mobius suggested that cryptocurrencies will boost the price of gold. Canadian finance news outlet BNN Bloomberg interviewed Mark Mobius on Aug. 20. The legendary investor believes cryptocurrencies will help the rise of gold. […]
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The crypto markets are seeing a wave of green, with altcoins posting the strongest gains and Bitcoin close to $10,400. Sunday, Aug. 18 — Crypto markets are seeing a strong surge of green, with altcoins posting the strongest gains and Bitcoin (BTC) circling the $10,400 mark. Market visualization. Source: Coin360 After yesterday’s correction, BTC is […]
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Almost a third of all global bonds are now trading at negative interest, representing $15 trillion or 75 times the Bitcoin market cap. According to Deutsche Bank, 27% of global bonds traded are now negative yield, so expected to pay out less than their initial cost. Negative yield bonds dwarf Bitcoin market cap This represents […]
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Sovereign states and central banks could digitize paper money and be the concrete alternative to Libra. Paper money today is a marginal part of the currency in circulation and represents a direct relationship between the end user and the central bank. Its use is, however, unknown to the central bank; in a certain sense, it […]
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