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Bitcoin Shows Signs as Safe-Haven Asset During Global Turmoil

The conflict between the U.S. and Iran served as an example of how Bitcoin has evolved as a safe-haven asset in times of global turmoil. Bitcoin is Becoming a Hedging Asset The U.S.-Iran relations reached a critical point after American forces carried out a predawn airstrike at an Iraqi airport in Baghdad on Jan. 2. […]

Head of the IMF Suggests Countries Issue Their Own Cryptocurrencies

Christine Lagarde, head of the International Monetary Fund (IMF), said governments should consider a central bank digital currency (CBDCs) to prevent fraud and improve financial services in both developed and developing countries. Lagarde, speaking at the Singapore Fintech Festival this week, said banks should work to create digital cash systems to keep up with private digital finance […]

Emerging tech firms face tighter scrutiny

PBOC officials moot stricter measures in financial sector to protect investors Regulators are expected to adopt a tough stance on emerging technology in the financial sector and extend supervision of technology giants in an effort to curb systemic risks, central bank officials said on Tuesday. Over-innovated financial products with lagging regulation may lead to financial […]

Experts expect Asia to play lead development role across the world

Asia is expected to lead the development of blockchain technology worldwide, with China among the key countries to watch next year, according to experts. Jason Potts, professor of economics and director of the Blockchain Innovation Hub at RMIT University in Melbourne, Australia, said Asian countries, including China, Singapore, South Korea and even Vietnam, are making […]

China’s gold-backed crypto looming as ‘Pearl Harbor type event’ for US dollar in 2020 – Keiser Report

There are two economies in the United States, says RT’s Keiser Report, the real economy, where the 99 percent live, and the one-percent economy, where bankers and the corporate elite live. “Consumers are spending and life is going on,” whereas on Wall Street one can see “non-stop interventions, quantitative easing is needed, interest rates were cut again […]

China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says

One of China’s first goals with its central bank digital currency is to facilitate retail payments, a former senior official said Monday. Speaking at the Caixin Hengqin Forum in Zhuhai, former head of the People’s Bank of China Xiaochuan Zhou said the country will stress the retail use of digital payment for the digital yuan, […]

China Takes Another Step Away From USD Hegemony

The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation […]

NEW DIGITAL CURRENCY SETS THE WORLD TALKING

Adoption of stablecoins proves popular Money has been used in many forms over the centuries, ranging from seashells to metal coins, and in more recent times bank notes made from paper as well as plastic. Now the digital era is set to redefine the features of money and the ways in which it is used. […]

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