KPMG: Cryptocurrencies (including Bitcoin) are not ready to be real currency

KPMG: Cryptocurrencies (including Bitcoin) are not ready to be real currency
ôîòî ïîêàçàíî ñ : thenextweb.com

2018-11-15 13:36

‘Big four’ accounting firm KPMG has just asserted that cryptocurrency assets, like Bitcoin, are simply not ready to be classified as real currencies – and that using Bitcoin as a store of value is a “fool’s errand.

” In a new report, KPMG details the challenges facing the cryptocurrency industry, as it seeks adoption by the world’s largest financial institutions. Ultimately, KPMG posits that if cryptocurrency related assets have any hopes of truly flourishing, they simply must undergo what it calls ‘institutionalization. ’ The firm defines institutionalization as the at-scale participation in the cryptocurrency market of banks, broker dealers, exchanges, payment providers,…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

. origin »

Bitcoin (BTC) íà Currencies.ru

$ 93564.34 (-1.13%)
Îáúåì 24H $53.132b
Èçìåíåèÿ 24h: 0.53 %, 7d: -4.98 %
Cåãîäíÿ L: $91951.2 - H: $95752.95
Êàïèòàëèçàöèÿ $1852.931b Rank 1
Öåíà â ÷àñ íîâîñòè $ 5508.25 (1598.62%)

kpmg cryptocurrency bitcoin simply institutionalization assets ready

Èñòî÷íèê: thenextweb.com

kpmg cryptocurrency → Ðåçóëüòàòîâ: 10


Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Binance to support Optimism’s network upgrade

Optimism (OP) surged after Binance announced upgrade and hard fork support Optimism (OP) price rose by more than 5% on Dec. 27, breaking to intraday highs of $1. 89. The gains for the native token of the layer-2 blockchain network came as the community reacted to positive news.

Ethereum’s Pectra fork moves forward with Mekong testnet launch

Ethereum has launched the “short-lived” Mekong testnet to test key upgrades for the upcoming Pectra fork. The Ethereum ecosystem is taking another step toward the Pectra fork with the launch of the Mekong testnet, a short-lived environment designed to test…

Cardano switches to decentralized governance with Chang hardfork 

Cardano has completed its Chang upgrade, marking the switch to a decentralized governance system that allows ADA holders to have a say in the network’s future direction. Named after Chinese mathematician Ch’ang Shou, the upgrade was completed at block 10764778…

Binance to support Cardano’s Chang hard fork

Binance has announced that it will support Cardano’s upcoming network upgrade and hard fork. Cryptocurrency exchange giant Binance disclosed its readiness to support Cardano (ADA) for its Chang hard fork in an announcement on Aug. 30. Ahead of the hard…

Ethereum Set for Overhaul of Crucial Programming Standard With 'EVM Object Format'

The EOF proposal is a series of smaller EIPs that include measures aimed at updating and improving the Ethereum Virtual Machine (EVM), the programming environment that executes smart contracts on the blockchain, and arguably Ethereum’s secret sauce that made it different from Bitcoin and other early distributed networks at the time it launched in 2015.

Blockchain developer to fork BRC-20 to bring defi to Bitcoin

A blockchain developer is set to fork the BRC-20 token standard to introduce decentralized finance capabilities to the Bitcoin network. A blockchain developer under the alias Mikael.btc, best known as the creator of the BRC-100 token standard, wants to fork…