2018-11-19 15:38 |
The member of the board of the European Central Bank called the first cryptocurrency a malicious outcome of the 2008 global financial crisis and warned world central banks of the dangers and risks of digital currencies. origin »
2018-11-19 15:38 |
The member of the board of the European Central Bank called the first cryptocurrency a malicious outcome of the 2008 global financial crisis and warned world central banks of the dangers and risks of digital currencies. origin »
An executive board member of the European Central Bank (ECB), Benoit Coeure, dealt a verbal blow to bitcoin and the infant cryptocurrency industry when he termed the digital currency “a combination of a bubble, a Ponzi scheme, and an environmental disaster,” per a report by Bloomberg, published November 15, 2018.
2018-11-19 09:00 | |
In recent regulatory news, an executive board member of the European Central Bank (ECB) has given a dismissive appraisal of bitcoin and rejected the prospect of central banks issuing state-backed digital currencies in the foreseeable future.
2018-11-16 19:10 | |
European Central Bank Exec Affirms That Bitcoin Is The “Evil Spawn Of The Financial Crisis” Benoir Couere, an executive of the board of the European Central Bank (ECB) has affirmed that Bitcoin is the “evil spawn of the financial crisis”, connecting the creation of the asset with the 2008 financial crisis. He made the acid […]
2018-11-16 02:52 | |
Digital currency is being adopted in several nations fighting economic distress as a means to avoid inflation. In fact, crypto evangelists cite examples of African communities and countries like Venezuela to describe how digital coins could provide security from central banks’ policies and subsequent inflation in times of crisis.
2018-9-13 14:11 | |
The launch of stablecoins is viewed as a palliative measure to decrease the impact of the recent crisis with Bitcoin, some have even described it as ETFs replacement for a short time. However, Barry Eichengreen, a professor of Economics UC Berkeley has said that stablecoins are not the way to fix the problem.
2018-9-12 13:30 | |
People often wonder why a cryptocurrency with a limited supply like bitcoin has been gaining traction over the years. Since the 2008 financial crisis, the world’s central banks have printed around $12-30 trillion worth of promissory notes, and more than $10 trillion in negative-yielding global bonds.
2018-9-11 06:45 | |
A proposal to place a sliver of Argentina's central bank reserves in bitcoin is worth taking seriously, given the country's current dire straits.
2018-9-11 11:00 | |
Gary Gensler was chairman of the U. S Commodity Futures Trading Commission (CFTC) between 2009 and 2014, right after the global financial crisis. Today, Gensler is part of MIT’s Digital Currency Initiative, lecturing students on blockchain technology and cryptocurrencies.
2018-7-23 08:00 | |
Argentina’s Central Bank’s Interesting In “Mastering Bitcoin” Growing As Peso Is Depreciated By Rising Inflation Argentina is currently facing a big economic crisis as the country’s national fiat currency, the Peso, has hit a record low price against the USD and the inflation in the country is rising a lot recently. Not only people, but […]
2018-7-21 23:52 | |
A report, written in Verdict highlights one issue with cryptocurrency that seems to be under-explored. We all envision a world led by crypto, one where we pay for our shopping in Bitcoin and send money to our loved ones in XRP.
2018-7-13 08:00 | |
The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.
2018-7-3 23:28 | |