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Facebook’s Marcus: Striking Libra as a Threat to the US is a Win For China’s Digital Currency
As we already know, after five years of research, the People's Bank of China is very close to releasing its digital currency. While China has been focused on creating a central bank digital currency, the US has no plans for the same in the near future, though they are looking at it. In the meantime, […] дальше »
2019-10-22 19:50 | |
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Cashaa Launches Banking Solution for Indian Crypto Owners
Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies. дальше »
2019-10-22 13:30 | |
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Is Bitcoin Part of the ‘Everything Bubble?’
We have had Tulip Mania, the South Sea Bubble, the Dot-Com Crash, and the 2008 Housing bubble. Now, we are potentially heading towards the ‘Everything Bubble’ — but does this include Bitcoin? The global economy is currently on tenterhooks. дальше »
2019-10-21 21:59 | |
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Bitfinex wants to subpoena former banking exec to recover its ‘lost’ $880M
iFinex, the parent company of cryptocurrency exchange Bitfinex, wants to subpoena an ex-banking executive of a trust company it hopes can assist in the recovery of more than $850 million in frozen funds. дальше »
2019-10-21 13:53 | |
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Why Cryptocurrency is in The Spotlight For More Central Banks
For most of its short life Bitcoin has been a plaything for computer geeks and largely ignored by banks and governments. That all changed in late 2017 when an epic rally sent prices soaring to new peaks. дальше »
2019-10-21 08:30 | |
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Bitcoin allows people to transact without involving a ‘fractional reserve system’
The Banking crisis of 2008 was one of the key elements that fueled the invention of Bitcoin. The advent of Bitcoin exposed some of the pivotal flaws of the centralized banking systems which were largely ignored as there were no alternatives. дальше »
2019-10-21 01:30 | |
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BoE Deputy Governor: Central Bank Digital Currencies Are “Worth Looking At”
According to Bank of England deputy governor Dave Ramsden, developing a synthetic central bank digital currency is “worth looking at.” Ramsden who oversees payments and fintech said currently, the UK central bank is “very focused” on what needs to be done to provide infrastructure to encourage private innovation. Now, creating a digital currency with other […] дальше »
2019-10-20 17:39 | |
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Fed Research Considers Negative Interest Rates Effective Policy Tool
A research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks. дальше »
2019-10-20 10:30 | |
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National Bank of Cambodia (NBC) To Test Bakong Crypto Wallet For International Payments
The Central Bank of Cambodia has recently announced that it plans to diminish the costs of cross-border transfers and payments by using a digital wallet based on a blockchain called Bakong, powered by the Hyperledger technology. дальше »
2019-10-19 00:05 | |
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Central Banks should get involved with digital currencies: PIIE’s Adam Posen
Central Bank Digital Currencies or CBDCs have been a hotly debated topic over the past few months. After Bank of China announced that its issued central currency was ready for launch, major financial institutions around the world have started discussing the issuance of their own virtual assets. дальше »
2019-10-19 21:30 | |
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Billionaire investor warns of big economic slowdown; how will Bitcoin react?
Ray Dalio, Co-Chairman and Co-Chief Investment Officer at Bridgewater Associates with a net worth of over $18 billion, warns stimuli from central banks won’t reverse global economic slowdown, which may affect Bitcoin in the medium term. дальше »
2019-10-18 20:46 | |
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Bank of Canada Warms To National Cryptocurrency, Will it Compete Against Bitcoin?
Leaks within the Bank of Canada show officials are considering the development of a national cryptocurrency. As such, with interest in central bank digital currencies (CBDCs) on the rise, could it threaten bitcoin? National Cryptocurrency Mike Eppel, Senior Business Editor at 680 News, has revealed that Canada’s central bank is considering the development of a. дальше »
2019-10-18 11:16 | |
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Bitcoin Still a Safe Haven as Global Economic Storm Brews
Notwithstanding the Friday dump which has just sent bitcoin price back below $8k, the global economy is in a bigger mess and is set to deteriorate even further. Central banks are pumping cash back into their systems, interest rates are going negative, and GDP figures are falling. дальше »
2019-10-18 10:56 | |
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17 Trillion Reasons to Own Bitcoin, Starting with the Elephant in the Finance Market
According to the Bank for International Settlements report, the growing acceptance of negative interest rates has reached “vaguely troubling” levels. Investors have been now paying for the privilege of lending, support for which came from the top central banks including the US Federal Reserve, the ECB, and China’s PBOC that has the amount of bonds […] дальше »
2019-10-18 22:21 | |
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IMF To Warn Central Banks That Payment Narratives are Shifting Away From Them
Central bankers and finance ministers are set to come together for the World Bank annual meeting, and the IMF has some strong advice for them: regulate digital currencies or watch your monetary monopoly lose power. дальше »
2019-10-18 22:00 | |
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How a $12 Taco Bell Order Turned into a Grand-Sized Federal Lawsuit
The devil is in the details. In the case of Taco Bell, the fine print could cost the fast-food chain upwards of $75,000 if a lawsuit filed by a New Jersey couple succeeds. According to My Central Jersey, Nelson Estrella-Rojas and his wife Joann Estrella are suing Taco Bell and its mother firm, Yum! Brands […] The post How a $12 Taco Bell Order Turned into a Grand-Sized Federal Lawsuit appeared first on CCN.com дальше »
2019-10-21 22:00 | |
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US Fed Reserve: Facebook’s ‘cryptocurrency’ dream faces core legal, regulatory challenges
The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra. дальше »
2019-10-17 13:44 | |
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Fed Official Confirms that the U.S. Central Bank Is Actively Considering Digital Dollar
Coinspeaker Fed Official Confirms that the U. S. Central Bank Is Actively Considering Digital DollarThe Fed official says that if the U. S. has to keep its dominant position in global commerce, it needs to consider having a digital dollar that can be easily adopted. дальше »
2019-10-17 12:29 | |
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Ex-CFTC proposes blockchain-based dollar to save declining fiat
2019 marked the rise of another crypto-based experiment, as centralized financial institutions around the world started to contemplate the idea of a Central Bank Digital Currency [CBDC]. Bank of China was already ahead in this game, after announcing that their native CBDC was almost already, and in recent reports, Bank of Canada also entered the […] The post Ex-CFTC proposes blockchain-based dollar to save declining fiat appeared first on AMBCrypto. дальше »
2019-10-17 12:00 | |
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Central bank of Canada considering launch of its own digital currency to enforce KYC and monetary controls
The central bank of Canada is considering launching a sovereign digital currency that would eventually replace cash and combat the “direct threat” cryptocurrencies pose to monetary controls, The Logic reported. дальше »
2019-10-17 10:00 | |
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Banque De France Governor: Crypto Assets Need a ‘Same’ Global Regulatory Framework
Denis Beau, the deputy governor of the French central bank, also known as Banque de France, has called out for a more global approach to regulation for crypto assets. According to him, there is a need for more consistency in deciding how to regulate the crypto world. Because of this, the only way to properly […] дальше »
2019-10-17 00:53 | |
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Central Banks Have Three Options for Crypto Regulations, Says Official
French central banker Denis Beau discussed the options available to central banks vis-a-vis cryptocurrency regulations
дальше »2019-10-17 00:05 | |
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G20 Informed Stablecoins Could Pose Financial Stability Risk
The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges. дальше »
2019-10-16 13:05 | |
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China Injects Billions as Economy Slows, Will Investors Turn to Bitcoin?
America is not the only country manipulating its money in order to prop up a flagging economy. Today China unexpectedly injected billions in cash to prevent a fall in interest rates as the economy flounders following months of trading tensions. дальше »
2019-10-16 10:30 | |
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Threatened by Libra, US Central Bankers Reconsider a ‘FedCoin’
Facebook’s proposed digital currency, Libra, appears to have forced the US Federal Reserve to reconsider the idea of issuing its own purely digital means of payment. The issue is expected to be a hot topic at meetings of the International Monetary Fund and World Bank this week. дальше »
2019-10-16 03:18 | |
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Swedish Central Bank Head: Facebook’s Libra Was A ‘Shake The Tree’ Event To Kick Start Reform
Sweden’s central bank chief has explained that Facebook’s Libra cryptocurrency should serve as a catalyst for central banks around the world to rethink their role and reform to incorporate the digital age. дальше »
2019-10-16 21:10 | |
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An overview of Facebook’s ‘cryptocurrency’ supporters — who’s in and who’s out
Facebook sent the world into a frenzy when it announced its intention to enter the payments space with the launch of its controversial ‘cryptocurrency‘ Libra earlier this year. Initially, Facebook said it had garnered support from 28 companies, including some of the world’s top financial and technology giants. дальше »
2019-10-15 19:46 | |
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China’s social credit system isn’t about scoring citizens — it’s a massive API
China’s emerging social credit system (SCS): rarely has a topic been more hotly discussed, and more poorly understood. When most people think about the SCS, they imagine it primarily as a scoring mechanism, a way for the central government to rank China’s citizens and companies based on their behavior. дальше »
2019-10-15 16:55 | |
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Libra an ‘Important Catalytic Event,’ Says Swedish Central Bank Chief
The head of Sweden’s Riksbank says Facebook’s Libra is shaking central banks globally into action
дальше »2019-10-16 12:58 | |
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Facebook Seeking Central Bank Boss to Manage Libra?
Facebook appears to be unfazed by the unrelenting criticism and pressure that is piling on to its crypto domination aspirations. As the US Treasury Secretary waded in with more threats, another Libra Association partner bailed out, and the consortium concluded its first official meeting. дальше »
2019-10-15 12:30 | |
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Indian Supreme Court Postpones Crypto Case to November
The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case today. дальше »
2019-10-15 11:30 | |
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Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed
The Supreme Court of India has set a new date to resume hearing the arguments against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case today. дальше »
2019-10-16 11:30 | |
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The Fed Plans to Inject $60 Billion per Month Into the Economy
On October 11, the U. S. Federal Reserve explained that it would inject more easing into the economy by purchasing Treasury bills at an initial $60 billion per month for the next two months. The purchasing rate could decrease or increase, but the central bank expects the easing plan to last until at least Q2 2020. дальше »
2019-10-15 02:30 | |
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World Will Need Gold In Case of an Economic Meltdown, Dutch Central Bank Affirms
In case the financial world faces a total collapse, gold will become more important than fiat currencies, at least that is what the Dutch Central Bank affirmed recently. The bank has also affirmed that gold is the trust anchor of the financial system and that it can be used as collateral for starting over. Several […] дальше »
2019-10-15 01:36 | |
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G7 Report Labels Stablecoins as Significant Risk
The growth in stablecoin usage has soared since late 2017, and this has regulators and government bodies across the world incredibly worried. A new report formulated by central bank officials of the G7, the IMF, and the Financial Stability Board, believe that global stablecoins pose a systemic threat to the global economy and monetary stability,Read MoreRead More. дальше »
2019-10-14 19:00 | |
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ING says bank-owned digital currencies are coming — and we’re all doomed
Whether you like it or not, central bank digital currencies are coming. We just don’t know when exactly. According to Dutch bank ING’s financial and banking experts, a “fully-fledged central bank digital currency is coming. дальше »
2019-10-14 12:54 | |
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Dutch Central Bank: World Will Need Gold if Entire System Collapses
Crypto-skeptic Dutch central bank admits gold superiority to fiat money
дальше »2019-10-15 10:09 | |
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IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR
Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. дальше »
2019-10-14 08:00 | |
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Bitcoin proponent talks about dangers of centralized cryptocurrencies
From banning Bitcoin [BTC] and other cryptocurrencies to launching its own digital currency, China’s recent developments have prompted policymakers across the globe to take a second look at cryptocurrencies. дальше »
2019-10-14 21:33 | |
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Coinbase Receives E-Money License From the Central Bank of Ireland
Coinbase has secured a new legal foothold in Europe. The San Francisco-based cryptocurrency exchange has received an e-money license from the Bank of Ireland, which it can potentially use to continuing serving its customers across the continent, in case Brexit causes any disruptions. дальше »
2019-10-14 17:18 | |
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