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Argentina Central Bank’s Inability to Stop Inflation is Forcing People to Bitcoin

As Argentina’s inflation rate skyrockets to its highest level since 1992, people are increasingly turning to Bitcoin as an alternative. Inflation in Argentina Surpasses 54 Percent Argentina’s central bank already tightened monetary policy three times in the last month, and inflation is still accelerating at a rate of nearly 55 percent. дальше »

2019-4-18 01:00


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3 Countries Tell IMF They Want To Issue Bitcoin Bonds

The governments of at least three countries have formally acknowledged their interest in issuing a sovereign Bitcoin bond to raise capital. Afghanistan, Tunisia, Uzbekistan And Bitcoin Asia Times originally reported the trend April 17 referencing recent statements at this week’s World Bank and International Monetary Fund (IMF) Spring Meetings held in Washington DC. дальше »

2019-4-17 17:00


AOC’s ‘Grotesque’ Economic Plan is Just a Ripoff from Obama

Earlier this week, former Barack Obama adviser Larry Summers called Alexandria Ocasio-Cortez’s spending proposals “dangerous. ” Obama Adviser Summers: Ocasio-Cortez Plan ‘Dangerous’ for US Economy Summers, who was once the chief economist at the World Bank, told CNBC that advocating to run up the national debt – as Ocasio-Cortez and Bernie Sanders have – and let the Federal Reserve endlessly monetize the debt by “printing” more money to acquire Treasury securities is not a “realistic calculus. дальше »

2019-3-8 22:57


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New York Fed: Cryptocurrency Won’t Challenge Dollar in Near Or Mid-Term

Cryptocurrencies are “unlikely” to become an international monetary phenomenon in the coming years, the Federal Reserve Bank of New York has claimed. ‘Unlikely To Meet Criteria’ In a research piece on US dollar supremacy published February 11, the NY Fed argued that despite the appearance of cryptocurrency in mainstream society, only its long-term perspectives could include significant usage. дальше »

2019-2-13 18:00


A Central Bank Digital Currency May Lead to All Kinds of Monetary Chaos, says Korea’s Central Bank

A Central Bank Digital Currency (CBDC) is not good for a country’s financial stability, said the Bank of Korea in its latest report. Dubbed as ‘Central Bank Digital Currency and Financial Stability,’ the study found that the introduction of CBDC deposits would radically decrease the supply of private credit by commercial banks. дальше »

2019-2-8 14:20


New Bank For International Settlements (BIS) Report: 70% Of Central Banks Are Studying Cryptocurrencies

Report Shows 70% Of Central Banks Is Performing Research Regarding CBDCs According to a recent report published on January 8 by the Bank for International Settlements (BIS) seventy percent of central banks around the world are analyzing the introduction of Central Bank Digital Currencies (CBDC). However, it seems that just a few of these monetary […] дальше »

2019-1-8 21:14


Are Central Bank-backed Cryptocurrencies the Real Future of Blockchain Assets?

There have been discussions, since 2014, concerning central banks and the issuance of digital payment vehicles. The formal term, Central Bank Digital Currencies (CBDCs) are at the center of most of the discussions, which the Bank for International Settlements (BIS) and the International Monetary Fund (IMF) are heading. There has also been growth in the […] дальше »

2018-12-9 13:08


Government Supported Central Bank-Issued Digital Currencies: Now or Never?

There has been series of condemnations on central bank-supported digital currencies (CBDC). Recent among this is that of the Bank of Japan’s (BOJ) deputy governor, Masayoshi Amamiya on October 20 reiterating his pessimistic views towards CBDC under the claim that digital assets do not have anything good to add to the existing monetary systems. Looking […] дальше »

2018-10-26 01:25


Bank Of Japan Acknowledges Bitcoin’s Presence, Admits Cryptos Could Diminish Financial Role

The deputy governor of the Bank of Japan, Masoyoshi Amamiya, has recently revealed how the banks view cryptos during a lecture meeting at the Japan Society of Monetary Economics. The banker has affirmed that it is debatable whether cryptos have any serious merit to improve the existing financial system. According to it, he does not […] дальше »

2018-10-24 07:04