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Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed
University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account. дальше »
2018-9-13 18:07 | |
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Winklevoss’ Gemini Dollar a ‘Solid’ Bridge That ‘Will Span Decades,’ Says Charlie Shrem
Shortly after New York regulators gave the green light to Cameron and Tyler Winklevoss’ stable coin, Charlie Shrem shares his two cents on the matter. He thinks the cryptocurrency represents the “Golden Gate Bridge” in the field. дальше »
2018-9-12 10:30 | |
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Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain
Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD). дальше »
2018-9-11 01:58 | |
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Pigzbe Crypto Wallet ICO (Wollo WLO) Gets $7.2 Million in Funding For Blockchain Piggy Bank Project
The Pigzbe Wallet Hits $7. 2 Million in Funding for ICO Pigzbe, which is a digital ‘piggy-wallet’ that runs on a native crypto coin called the Wollo, recently, hit $7. 2 million in total funding through an ICO. дальше »
2018-9-9 06:39 | |
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Goldman Sachs CFO Says Bank’s Launch of Crypto Trading Desk is Still On
Goldman Sachs Chief Financial Officer (CFO) Martin Chavez announced yesterday at the TechCrunch Disrupt Conference in San Francisco that Goldman Sachs has no intention of abandoning plans to launch a cryptocurrency desk. дальше »
2018-9-8 20:56 | |
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Abra Supports SEPA Bank Transfers, Enabling Crypto Purchases With Fiat
Abra, the all-in-one digital wallet and cryptocurrency exchange, has announced its support for Single Euro Payment Area (SEPA) bank accounts. European users can now enable direct wire transfers from European banks to purchase any of Abra’s 28 available cryptocurrencies. дальше »
2018-9-7 23:38 | |
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Goldman Sachs Pivots From Bitcoin Trading Desk to Custody Service
Goldman Sachs has announced that it is shelving its proposed plan to open a Bitcoin trading desk due to the uncertainty of the industry’s regulatory landscape. Instead, the financial giant says it will focus its efforts towards developing robust solutions for cryptocurrency custody. дальше »
2018-9-6 13:00 | |
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Goldman Sachs Folds Weak Hand – No Big Deal, Says Ver
Goldman Sachs has shelved its Bitcoin (BTC) trading desk causing a mini-meltdown across the cryptocurrency market. People familiar with the matter told Business Insider the investment bank scrapped plans to set up a desk to trade physical cryptocurrencies. дальше »
2018-9-5 19:58 | |
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Reserve Bank of India Fears P2P Cryptocurrency Trading Could Harm the Economy
Cryptocurrencies could affect the transmission of India’s monetary policy if some trading migrates from the traditional exchange-based route to the peer-to-peer (P2P) mode, says the Reserve Bank of India (RBI) in its annual report published Wednesday, Aug. дальше »
2018-8-31 11:04 | |
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Prominent Economist Tells World Governments to Leave Crypto Alone
The respected economist Jeffrey Tucker urged governments to let go of the idea of creating Central Bank Digital Currencies (CBDC) and focus on the fiat and banking system. The editorial director at the American Institute for Economic Research (AEIR) published an article in which he says that the Fed should be focused entirely on the […] дальше »
2018-8-12 19:14 | |
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First Cryptocurrency bank of Australia to be built by the CEO of Finder
Australia is one of the foremost countries to accept blockchain technology and cryptocurrencies, says recent reports. The latest addition to the bandwagon is Fred Schebesta, an Australian entrepreneur and Co-Founder of comparison website, Finder. дальше »
2018-8-8 01:57 | |
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Maerki Baumann Is the Latest Swiss Bank to Embrace Crypto
Maerki Baumann — a private bank based in Zurich, Switzerland — has announced it will manage its clients’ cryptocurrency assets. This makes it the second Swiss bank to make such an announcement following Hypothekarbank Lenzburg (Hypi), which stated in June that it would open business accounts for cryptocurrency companies. дальше »
2018-8-7 23:23 | |
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Dutch Central Bank Says Cryptocurrencies Aren’t Real Money
A report from local news outlet Dutch News published today, August 3rd, features new statements by representatives of the country’s central bank claiming that cryptocurrencies are neither real money nor a safe investment for the country’s citizens. дальше »
2018-8-4 15:45 | |
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Dutch Central Bank Says Cryptocurrencies Aren’t Real Money
A report from local news outlet Dutch News published today, August 3rd, features new statements by representatives of the country’s central bank claiming that cryptocurrencies are neither real money nor a safe investment for the country’s citizens. дальше »
2018-8-3 20:19 | |
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Dutch Central Bank Does Not Consider Cryptocurrencies as ‘Real Money’
Cryptocurrencies are not considered as “real money,” says the divisional director of the Dutch Central Bank
дальше »2018-8-3 15:44 | |
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Union Bank of Switzerland Says Bitcoin Should Hit $213,000 to Replace U.S. Dollar
According to Union Bank of Switzerland (UBS), Bitcoin's extreme volatility and instability put too much limitations on it to be considered as a mainstream asset class. The post Union Bank of Switzerland Says Bitcoin Should Hit $213,000 to Replace U.S. Dollar appeared first on CoinSpeaker. дальше »
2018-8-3 12:35 | |
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Northern Trust Is Helping Hedge Funds Invest in Cryptocurrencies
U.S.-based custody bank Northern Trust is helping traditional "mainstream" hedge funds expand into cryptocurrencies, says Forbes. дальше »
2018-8-1 16:00 | |
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More Than a Ledger: How Blockchains Will Democratize Wealth
To Mark Pascall, co-founder of BlockchainLabs New Zealand (NZ) and president of the Blockchain Association NZ, the blockchain space is more than just a new technology layer, it’s a “fundamentally different way for organizations and societies to operate. дальше »
2018-7-31 21:27 | |
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“Eating Their Lunch:” Blockchain Upstarts Challenge Investment Banks
Access to personal financial data and the emergence of blockchain technology have been the catalyst for a revolution in the banking sector. At the start of this year, banks within the European Union were ordered by the Competition and Markets Authority (CMA) to grant customers access to their personal data. дальше »
2018-7-31 20:42 | |
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How Blockchain Promotes International Trade, Identity and Financial Inclusion
International trade, people without identity and financial exclusion are global development areas that stand to be radically improved with blockchain technology, according to Michelle Chivunga, regional advisor for the British Blockchain Association. дальше »
2018-7-31 19:50 | |
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Canada Backs Central Bank-issued Crypto to Bring Economic Gains
An economic and crypto researcher at the Canda’s central bank says that the existence of CBDCs could provide better flexibility in creating monetary policies. Banking institutions from around the globe and other financial agencies have been largely promoting the idea of Central Bank-backed Digital Currencies (CBDCs). Off lately we have been seeing a lot of дальше »
2018-7-28 23:03 | |
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Canada Backs the Idea of Central Bank-issued Crypto Amid its Potential to Bring Economic Gains
An economic and crypto researcher at the Canda's central bank says that the existence of CBDCs could provide better flexibility in creating monetary policies. The post Canada Backs the Idea of Central Bank-issued Crypto Amid its Potential to Bring Economic Gains appeared first on CoinSpeaker. дальше »
2018-7-27 21:12 | |
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Bank of Canada Paper says CBDCs Will Bring Economic Gains
Countries that are still thinking of whether to introduce a central bank digital currency or not should find the decision easier to make now. A new research paper released by S. Mohammad R. Davoodalhosseini of the Bank of Canada on Thursday highlighted the economic gains that can be realized when a country issues a domestic […] The post Bank of Canada Paper says CBDCs Will Bring Economic Gains appeared first on ZyCrypto. дальше »
2018-7-27 18:58 | |
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One Euro Today is One Euro Tomorrow, Bitcoin Oscillates Says ECB’s Draghi
Mario Draghi, President of the European Central Bank, said bitcoin is volatile, with its value oscillating widely, thus he would not call it a currency. In answering questions by the... The post One Euro Today is One Euro Tomorrow, Bitcoin Oscillates Says ECB’s Draghi appeared first on Trustnodes. дальше »
2018-7-27 15:37 | |
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Yes, Stablecoins Can Secure Official Audits from Major Firms
“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized. дальше »
2018-7-26 18:55 | |
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The World Bank Says 1.7 Billion Adults are ‘Unbanked’, Crypto to the Rescue?
It seems there is a new word floating around in the crypto community – “unbanked” and it is being used to describe those who do not have an account with a financial institution or mobile money provider. дальше »
2018-7-26 09:41 | |
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Double-spend on Bitcoin [BTC] requires “deep pockets”, says Bank of Canada study
A recent study by the Bank of Canada has found that double spending on Proof of Work [PoW] blockchain is an “unrealistic” outcome. This is modeled on the behaviors of an “honest miner” and “dishonest miner”. дальше »
2018-7-25 10:52 | |
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Bank of Canada Study Finds 58% of Canadians Own BTC for Investment Purposes
Canadians are reportedly using Bitcoin mainly for investment purposes, says a report conducted by the Bank of Canada
дальше »2018-7-24 06:02 | |
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UK Central Bank Says New Payments System Will Be Blockchain Friendly
The Bank of England confirmed it is going to update its Real-Time Gross Settlement system to potentially interact with blockchain-based forms. дальше »
2018-7-24 05:00 | |
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Iran’s Blockchain Association President Says US Govt Confiscated 500 BTC
The head of Iran's Blockchain Association, Sepehr Mohammadi, recently claimed that the US government has confiscated over 500 BTC from Iranian citizens traveling into and out of the country. In April, the Central Bank of Iran (CBI) banned banks and financial institutions in the country from dealing with cryptocurrencies. The CBI claimed that “All cryptocurrencies […] дальше »
2018-7-24 00:31 | |
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“Cryptocurrencies are great if you are trying to hide or launder money”, says Federal Reserve Chairman
During a testimony before the House of Federal Service Committee on Wednesday, Jerome Powell, the Chairman of the Federal Reserve, the Central Bank of U. S said that cryptocurrencies are great if you are trying to hide money or launder money. дальше »
2018-7-19 19:52 | |
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Litecoin founder says in the best case recent bank stake could result in crypto services!
Litecoin founder Charlie Lee posted on Reddit today, July 17, to clarify his position within the Litecoin Foundation and the future of the Foundation following its acquisition of a stake in German bank WEG Bank AG. дальше »
2018-7-18 08:09 | |
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Litecoin (LTC) Founder, Charlie Lee, Says No Money Paid In Acquiring Stake In German Bank
Litecoin (LTC) Founder Charlie Lee has initiated an Ask Me Anything (AMA) on Reddit to proffer answers to certain gray areas regarding Litecoin Foundation’s partnership with TokenPay which resulted in the later transferring 9. дальше »
2018-7-17 20:37 | |
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Payments made on Gmos new internet bank will be settled using the blockchain.
Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain to facilitate payments. The new entity – dubbed GMO Aozora Net Bank – aims to provide new financial services through the integration of fintech and IT, and will leverage advanced security certificates, blockchain, artificial intelligence and internet дальше »
2018-7-17 20:16 | |
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Cryptocurrencies Pose No Threat to Global Finance but Require Vigilant Monitoring, Says FSB
In a press release issued on July 16 via its website, the Financial Stability Board (FSB) announced that cryptocurrencies do not pose a threat to the global financial system. FSB Partners with CPMI to Monitor Cryptocurrencies The purpose of the announcement was to apprise the G20 Finance Ministers and Central Bank Governors of the FSB’s activities concerning the emerging cryptocurrency industry. дальше »
2018-7-17 15:00 | |
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Plasma Could Enable CBCCs, Says Ethereum's Buterin – But Scalability Isn’t The Only Hurdle
Vitalik Buterin believes Ethereum’s upcoming plasma implementation could make ERC20 central bank digital currencies viable. We’ll discuss which governments have considered these sovereign tokens and whether Plasma could, in fact, make Ethereum a good fit. дальше »
2018-7-14 01:54 | |
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Plasma Could Enable CBDCs, Says Ethereum's Buterin – But Scalability Isn’t The Only Hurdle
Vitalik Buterin believes Ethereum’s upcoming plasma implementation could make ERC20 central bank digital currencies viable. We’ll discuss which governments have considered these sovereign tokens and whether Plasma could, in fact, make Ethereum a good fit. дальше »
2018-7-14 01:54 | |
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Bank of Finland Report Says Cryptos Are Not Currencies but Accounting Systems
Many of the world’s regulators are racking their brains on how to come up with relevant rules that could curb crypto’s dark uses without hampering the industry’s growth. However, the Bank of Finland released a report that has been described as a scathing attack on these digital currencies. дальше »
2018-7-13 16:04 | |
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‘Cryptocurrencies Would Cause A Crisis In A Recession’ Says This Report
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. дальше »
2018-7-13 08:00 | |
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Abra Announces New Credit Card Payment Options for Bitcoin Purchases
Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform. The new payment option is in partnership with fintech company Simplex, per the company’s blog post. дальше »
2018-7-13 00:38 | |
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Litecoin (LTC) Foundation Has Problem Opening A Bank Account Says Charlie Lee
Litecoin founder, Charlie Lee, has disclosed that its foundation which oversees all affairs related to the cryptocoin was having trouble getting a bank account, resulting in the firm buying a stake in a Germany-based WEG Bank. дальше »
2018-7-13 23:40 | |
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