CRYPTOCURRENCIES

Statement on crypto-assets

The past few years have seen a growth in crypto-assets. While the crypto-asset market remains small relative to that of the global financial system, and banks currently have very limited direct exposures, the Committee is of the view that the continued growth of crypto-asset trading platforms and new financial products related to crypto-assets has the […]

Abandon sinking US dollar ship? Top UK bankster pushes for new ‘synthetic hegemonic currency’

Bank of England head Mark Carney has urged his fellow central bankers to embrace tech like Facebook’s Libra to build a multipolar system, warning against “swapping one currency hegemon for another” – unless it’s their hegemon. Acknowledging that the US dollar’s days as the world reserve currency are numbered, he gushed that “technology has the […]

Vodafone Becomes Latest Big Name Backer to Quit Libra

British telecom giant Vodafone is the latest firm to pull out of the Libra Association, the non-profit body overseeing the Facebook-led digital coin, bringing the total number of early backers to withdraw from the project to eight. Vodafone Walks Away Both Vodafone and Libra confirmed the news last week with the departure appearing to be […]

Top 10 Cheap Cryptocurrencies With Huge Potential in 2020

Recently, the crypto market is going through some major changes, with Bitcoin price changing, TUSD taking place of Tether and much more. One thing is evident that the crypto market has moved from 130 billion USD to 250 billion USD in the past three months, and new users are entering the market, hence the competition […]

Major cryptocurrency exchange Binance has launched peer-to-peer (P2P) trading for the Vietnamese dong (VND)

Vietnam-based Binance users can now directly purchase and sell major cryptocurrencies using VND through the latest versions of the Binance P2P mobile app on iOS and Android. The four supported cryptocurrencies include Bitcoin (BTC), Ether (ETH), major stablecoin Tether (USDT) as well as Binance’s native cryptocurrency Binance Coin (BNB), the firm said in a press […]

The Five Questions to Consider Before Investing in Blockchain

There are more than 1500 cryptocurrencies in circulation at this time, a staggering amount considering the average person only knows the basics about the big options like Bitcoin BTC, -0.20% or Ethereum ETH, 0.68%. When it comes to investing in smaller projects, it can be daunting and confusing to know what’s a good investment. Blockchain […]

Saga Cryptocurrency ICO (SGA Token): Cash Reserve Stable Coin Uses?

Saga, found online at Saga.org, aims to create a global digital currency. Find out how it works today in our review. What is Saga? Saga is a non-anonymous, reserve-backed cryptocurrency that aims to solve crucial problems in the world’s crypto industry – like who will control digital currencies, how digital currencies will be regulated, and […]

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 […]

China’s digital currency to connect Hong Kong, China’s trade finance blockchains

Linking trade finance blockchains China’s trade finance blockchain, also known as the ‘Bay Area Trade Finance Blockchain Platform” (BATFB)’, was built in conjunction with the Digital Currency Institute. As we reported four months ago, it had processed $4.5 billion (30 billion Yuan) and had 28 bank members since its launch in September last year. Now, […]

China’s digital currency could threaten dollar’s dominance

Since bitcoin was launched in 2008, the first crypto asset with its own unit of account based on blockchain technology, more than 3,000 crypto assets with a diverse range of features have entered the digital currency market. Yet regulatory authorities around the world have thus far largely indicated they are not threatened by crypto asset […]

Bitcoin’s Popularity in Iran Surges Following Crisis

Bitcoin has always been a valuable asset since it gained massive attention a few years ago. Its relative stability has led many to believe that it could serve as an alternative hedge against uncertain economic situations, especially in countries that have either been hit by sanctions or which have some other form of an economic […]

Soldier, chef & crypto ambassador: Hollywood ace Seagal to front new digital currency

Goateed Hollywood hardman Steven Seagal has joined the cryptocurrency revolution after agreeing to become the face of a new digital coin. Seagal, who famously played special forces soldier-turned chef Casey Ryback in both ‘Under Siege’ and ‘Under Siege 2: Dark Territory’, is to become the worldwide brand ambassador for Bitcoiin2Gen, a new cryptocurrency styling itself […]

Why Governments Are Afraid of Bitcoin

Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency. To understand this fear, it is important to know a little bit about governments and conventional currencies. […]

Hong Kong to Educate Public on Crypto and ICOs

Hong Kong authorities have launched a campaign to educate the public on the risks associated with ICO and cryptocurrency investment. Kicking off yesterday, the campaign started on Jan. 29 and was launched by the government’s Financial Services and the Treasury Bureau (FSTB) and the Investor Education Centre (IEC), a subsidiary of the Securities and Futures Commission […]

U.S. Senator Introduces 2020 Cryptocurrency Bill

US congresspersons have proposed a new cryptocurrency bill to provide more clarity on digital asset regulations by stipulating which government agency is responsible for each asset class. Labeled the Cryptocurrency Act 2020, the bill will impose regulations on the entire crypto industry if voted into law. It classifies digital assets into three types and determines […]

Will Libra help cryptos become mainstream?

However, Robert Courtneidge, chief executive of international payments business Moorwand, is wary about the long-term cryptocurrency outlook and he remains sceptical about the benefits of cryptos as an asset class. The launch of Libra offers the possibility of cryptocurrencies finally moving from a niche to a mainstream investment. “But, if anything, it raised more questions […]

India’s Cryptocurrency Dilemma

Cryptocurrency is a highly disruptive technology, with a high carbon footprint, that can affect many stakeholders in today’s trust based financial system. The Reserve Bank of India (RBI), its currency issuing power and its supervisory role in the payments system domain are first casualty because blockchain is completely decentralised and anonymous. But if we place […]

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