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Cryptos Are a Ponzi Scheme and an Environmental Disaster: BIS General Manager
The Bank for International Settlements is not a fan of cryptocurrencies, and it hasn’t shied away from expressing its view. Having released a scathing report on why cryptos are a poor substitute for the institutional backing of money less than two weeks ago, the bank’s general manager was at it again, this time calling cryptos […] дальше »
2018-7-7 23:00 | |
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BIS Chief on Cryptocurrency: “Stop Trying to Create Money”
The General Manager of the Bank of International Settlements (BIS) expressed a dystopian ending for cryptocurrencies — arguing that “creating money from nothing” has “never worked." The post BIS Chief on Cryptocurrency: “Stop Trying to Create Money” appeared first on CryptoSlate. дальше »
2018-7-7 05:00 | |
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‘Stop Trying to Create Money,’ BIS Chief Tells Young Bitcoiners
The general manager of the Bank of International Settlements (BIS) Agustin Carstens has renewed the institution’s attacks on cryptocurrency, calling them “a bubble, a Ponzi scheme and an environmental disaster. дальше »
2018-7-5 17:00 | |
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The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4.
The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4. Speaking to Swiss newspaper Basler Zeitung last week, subsequently published by BIS itself, general manager Agustin Carstens cautioned “young people” against “trying to create money,” drawing comparisons дальше »
2018-7-5 16:55 | |
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‘All Wrong’: Cryptocurrency Industry Rebukes Australian Banker For Bitcoin Complaints
A senior Australia central bank official who called Bitcoin “fascinating” but its blockchain “inefficient” has come under fire for plagiarism and spreading incorrect information about cryptocurrency. дальше »
2018-6-28 10:00 | |
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BIS says crypto currency should be treated as a security
The Bank for International Settlements’ (BIS) economic adviser and head of research Hyun Song Shin has said that cryptocurrencies should be treated the same as stocks and bonds, Business Times reported June 25. дальше »
2018-6-26 06:52 | |
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A Leading Philippines Bank RCBC Opts For Stellar, Shuns Ripple: Litecoin, EOS, Tron, Stellar Lumens and IOTA Technical Analysis (June 22, 2018)
The crypto verse is never short of drama and while hacking vibes dominate, Charlie Lee of Litecoin is advocating rationalism. Obviously, after recent hacks, it’s easy to see sentiment almost always flips and drag BTC prices with it. дальше »
2018-6-22 03:02 | |
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Unofficial Report Confirms Tether’s Tokens Are Fully Backed by US Dollars
Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD. дальше »
2018-6-21 23:05 | |
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