Bank of America analyst slams Bitcoin: Buying 1 BTC is ‘like owning 60 cars’

2021-3-18 05:28

It looks like 2017 called and wants its Bitcoin condemnation back, with a Bank of America analyst reheating some long standing criticisms of BTC for its clients.

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Источник: cointelegraph.com

like bank → Результатов: 126

Inflation Concerns Supersede Covid-19: 220 Investors Managing $650B Say Economy’s Biggest Risk Is Inflation

As mainstream media pundits like the Bloomberg economics editor Peter Coy tell Americans to “tune out the hyperinflation hype,” fund managers from a recent Bank of America survey who collectively manage $630 billion, believe inflation is the biggest risk to markets right now.

2021-3-17 04:30
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CEO of Russian controversial bank compares bitcoin with Ponzi scheme

Bitcoin is devoid of real consumer value and looks like a financial pyramid, the head of the Russian bank Otkrytie believes. He compared cryptocurrency to the largest Russian Ponzi scheme MMM.

2021-3-1 11:48	News
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Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

Bank of Korea Governor Lee Ju-yeol has said that crypto assets like bitcoin have no intrinsic value – put simply, a measure of what an asset is actually worth. ● Speaking in the National Assembly on Feb.

2021-2-25 03:30
bank governor bitcoin korea asset intrinsic value

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European Central Bank (ECB) Demands Power to Shut Down Private Stablecoins, Like Diem, in the EU

The European Central Bank finally tables its official opinion regarding crypto regulations to the top decision-making again, European Commission. In their official opinion, the ECB now wants the EU members of parliament to grant its veto powers regarding the legal status of stablecoins such as Facebook-supported-Diem.

2021-2-23 21:11	Legal & Regulation
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ECB President Christine Lagarde Says ‘It’s out of the Question’ That Central Banks Would Hold Bitcoin

The president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will start holding bitcoin now that a growing number of companies, like Tesla, are embracing the cryptocurrency.

2021-2-11 15:14
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Bank of Canada's Lane Says Cryptocurrencies Like Bitcoin Are "Deeply Flawed"

Bank of Canada Deputy Gov. Timothy Lane unleashed sharp criticism at cryptocurrencies in a recent speech

2021-2-11 20:10
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European Central Bank (ECB) Member: ‘Not Sure Why People Invest’ in Crypto Assets

Central bank members are back with their warnings regarding Bitcoin and cryptocurrencies. Much like any other time, the warnings remain the same — be prepared to “lose all their money” for crypto investors.

2021-1-30 18:05	Bitcoin News
warnings crypto central bank time any much

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Crypto in the Philippines: Necessity is the mother of adoption

"People are just like, 'Whoa, mind blown — this is going to save me half a day because I don't have to go all the way to the bank during business hours and take three journeys on public transport and then wait in line for an hour ... I could do this on my phone.’”

2021-1-29 09:26	Features
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Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies

"We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.

2020-12-14 12:40	Digital Yuan
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How to create a Bitcoin wallet

A bitcoin wallet is like a safe that keeps your Bitcoin just like the traditional fiat currency and a bank account, making it compulsory for every individual looking to invest in Bitcoin to know how tThe post How to create a Bitcoin wallet appeared first on AMBCrypto.

2020-12-5 08:00	SPN News
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Crypto Community Not Swayed By Illogical Law to Regulate Stablecoins Like Banks

The legislation’s supporters claim this will help deter bad actors. Some crypto advocates see it as unnecessary regulation. Stablecoin Stability On Dec 2, 2020, Rashida Tlaib, Jesus Garcia, and Stephen Lynch, three congresspeople, introduced the Stablecoin, Tethering, and Bank licensing Enforcement (STABLE) Act.

2020-12-5 20:52	United States
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BIS Says CBDCs Likely Better than Private Stablecoins Like Libra

The Bank for International Settlements is the latest major financial organization looking to implement industry-standard regulations in the stablecoins arena. Meanwhile, several nations are also working towards creating their own central bank digital currencies (CBDCs) which are seen by some commentators as being driven by private stablecoin projects like Facebook’s Libra.

2020-11-26 02:01	StableCoin
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US Fed: Privacy concerns in “Big Tech” are good for state-backed digital currencies

Economists at the Federal Reserve Bank of New York suggest that privacy concerns at “Big Tech” firms like Facebook—which are developing their own digital currencies—could help position Central Bank Digital Currencies (CBDCs) as a better alternative.

2020-11-25 00:00	Stablecoins
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BIS report suggests ‘embedded‘ monitoring tool for stablecoins

After proposing automated ways to monitor global stablecoins like Libra, a new report from BIS argues that a better solution may ultimately be central bank digital currencies.

2020-11-25 13:08	DLT
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US Regulator Seeks End to Bank Deplatforming of ‘Disfavored’ Industries (Like Crypto)

Call it the CPR for Operation Choke Point.

2020-11-23 05:00
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Kyrgyzstan's central bank moves to regulate cryptocurrencies with new draft law

Seems like the entire world is taking notice of Bitcoin and the wider cryptocurrency market. The Central Asian country of Kyrgyzstan is the latest to do so after the National Bank of the Kyrgyz RepublThe post Kyrgyzstan's central bank moves to regulate cryptocurrencies with new draft law appeared first on AMBCrypto.

2020-11-16 14:45	Trading View
kyrgyzstan central bank law moves draft cryptocurrencies

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The UK to Lead in New Technologies “Stablecoins & CBDCs” Following the Departure from the EU: Chancellor

Chancellor Rishi Sunak said on Monday that to maintain certainty and stability for firms in the UK following its departure from the European Union, they will be “leading the global conversation on new technologies like stablecoins and Central Bank Digital Currencies.

2020-11-10 23:10	CBDC
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Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller

Veteran investor Bill Miller says that all major banks, investment banks, and high net worth firms will eventually have some exposure to bitcoin or something like it. He said that bitcoin’s staying power is getting better every day.

2020-11-9 02:30
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Veteran Investor Bill Miller Says Every Major Investment Bank Will Own Bitcoin or Something Like It

Following bitcoin purchases by MicroStrategy and Square, Miller said every major investment bank and high net worth firm will eventually have exposure to bitcoin or commodities like gold.

2020-11-8 19:17
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Canada Calls for Coordinated Global Collaboration on CBDC Development

Canada says international collaboration is necessary to get the best out of central bank digital currency (CBDC) development. Countries like The Bahamas and Cambodia have already launched their sovereign digital currencies with China conducting live testing protocols.

2020-10-31 21:00	CBDC
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Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange

The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company, but crypto proponents have learned about the upcoming support for assets like bitcoin, ethereum, and bitcoin cash.

2020-10-27 17:30	XRP
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China’s Digital Yuan to Complement WeChat and Alipay

Mu Changchun, head of the research institute for digital currency at the People’s Bank of China (PBoC), has revealed that the newly launched digital yuan will function in tandem, rather than in competition with established digital payment services like Alipay and WeChat.

2020-10-27 21:52
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Here’s why Bitcoin will boom in the “biggest overhaul” of finance

The development of Central Bank Digital Currencies (CBDC) has blossomed in the past few years, with countries like China in the advanced stages of its digital Yuan and Japan, Korea, and the US in their research phase for their respective fiat currencies.

2020-10-20 05:00	Adoption
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Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications

On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair Jerome Powell.

2020-10-20 00:00
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Reserve Bank of New Zealand Giving CBDCs a Hard Look

The debate surrounding the issuance of central bank digital currencies (CBDC) continues to catch attention worldwide. While some countries have been a bit coy, others like China have made no secret of their CBDC plans.

2020-10-19 14:44	New Zealand
cbdc bank plans bit countries coy others

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First Users Not Impressed by China’s Digital Yuan: Report

A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should change from existing solutions like Alipay.

2020-10-20 13:36	CoinFlash
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First Users Not So Impressed by China’s Digital Yuan: Report

A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should swap from existing solutions like Alipay.

2020-10-19 13:36	CoinFlash
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Russia’s Central Bank Wants To Limit The Amount Of Crypto Unqualified Investors Can Buy Annually

Russia has been at different times hostile, unsure, or inconsistent with its stance on cryptocurrencies. In early August, reports claimed that Russian leader Vladimir Putin had signed a law that legalized digital assets like bitcoin.

2020-10-15 19:01	xbtusd
russia august reports claimed early cryptocurrencies stance

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China’s Digital Yuan Trial in Full Force, DCEP Lottery Winners Using Digital RMB at Over 3,300 Stores

While other countries are still busy studying the opportunities and risks associated with central bank digital currencies (CBDC), like the US, China’s digital yuan trial is in full force. People have already received the DCEP and started using it at convenience stores.

2020-10-13 19:32	CBDC
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With China’s central bank digital asset gaining steam, Bitcoin is stronger than ever

Between decentralized finance (DeFi) shenanigans, Bitcoin being adopted by firms like Square, and more, it’s been hard to track all news going on in this space. The post With China’s central bank digital asset gaining steam, Bitcoin is stronger than ever appeared first on CryptoSlate.

2020-10-13 21:00	btcusd
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Bank of Japan Needs New Legislative Mandate to Issue CBDC

Amid ongoing central bank digital currency (CBDC) research efforts, the Bank of Japan (BOJ) may require a new legal prerogative to issue digital yen. Apart from legislative changes to support a possible CBDC issuance, these amendments to the BOJ’s roles and responsibilities may also affect other policies like inflation and job creation.

2020-10-13 16:20
cbdc bank may issue boj digital japan

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The Bahamas to Begin Gradual Launch of World’s First CBDC in October

The Central Bank of the Bahamas has finalized the debut date of its digital currency. This is likely the world’s first central bank digital currency (CBDC). The island nation has rallied ahead of finance giants like France and China.

2020-9-27 00:22
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Ripple CEO Brad Garlinghouse Explains Why CBDCs Don’t Threaten XRP

In a recent tweet, Ripple CEO Brad Garlinghouse continues to bolster the opinion that digital assets like XRP aren’t threatened by Central Bank Digital Currencies (CBDCs), but rather, convinced that XRP would be that bridge amongst different CBDCs.

2020-9-27 21:10	xrpusdt
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Kraken Becomes a State Chartered Bank

One of the biggest and oldest crypto exchange has become a bank like JP Morgan or Goldman Sachs after Kraken Financial became a Special Purpose Depository Institution (SPDI) and was...

2020-9-17 18:39	USA
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Bank of England Governor Warns of Risky Bitcoin, Mulls Stablecoins

In a speech to the Brookings Institution on Thursday, September, 3, the head of the Bank of England warned about digital currencies like Bitcoin. He said that the leading crypto has “no connection” to money.

2020-9-3 21:29	UK
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Bank of England governor dismissed Bitcoin as a means of payment

Cryptocurrencies like Bitcoin don't quite convince Bailey, but he sees a lot of potential for stablecoins.

2020-9-3 18:27	Central Bank
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The End of an Era? Why Bitcoin and MMT Won the Week

Fed Chair Jerome Powell tried to make it seem like the end of an era, but didn’t inspire confidence in the central bank’s ability to lead in the era that comes next.

2020-8-29 16:00
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Why the Rise of the CBDC Is Bad for Your Privacy

Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs.

2020-8-22 12:00	Yuan
cbdcs sweden rise stopping thailand experimenting world

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China CBDC Trials Coming to Beijing and 27 Other Cities

China’s accelerated central bank digital currency (CBDC) plans are set to reach another milestone with tests scheduled for Beijing and 27 cities in the country. These new digital currency electronic payment (DCEP) trials will join other public pilots already ongoing in cities like Shenzhen and Suzhou.

2020-8-15 17:34
cities currency china digital trials cbdc beijing

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Only Bitcoin Outpaces G4 Central Bank Balance Sheet Growth

Investment strategist Raoul Pal says bitcoin is the only asset with a growth rate that outpaced that of G4 central bank balance sheets. Pal says G4 central bank balance sheets have grown much faster than traditional safe-haven assets like gold.

2020-8-7 17:00	volatility
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Goldman Sachs New Digital Asset Manager Reveals Plans to Bring A ‘Digital Token’ to the Bank

According to CNBC, Goldman Sachs is rejuvenating its efforts towards a digital asset with the appointment of Mathew McDermott as its new head of digital assets. McDermott replaces Justin Schmidt to radically transform the traditional financial system and embrace digital technologies like blockchain to create a digital finance market ecosystem. He said, “In the next […]

2020-8-7 20:01	Industry
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China’s CBDC to Target Private Sector Dominance

With China’s central bank digital currency (CBDC) project still in progress, there are speculations that the digital yuan could be used to water down the dominance enjoyed by major players like Alibaba and Tencent.

2020-8-5 23:00	Digital Yuan
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Coincidence? Top 5 Swiss Bank’s Profits up 34% After Bitcoin Integration

Julius Baer, a top-five Swiss bank, saw its net profit climb by 34% in the first half of 2020, a period during which it began offering digital assets like Bitcoin to its clients.

2020-7-21 14:25	Investments
bitcoin bank swiss 2020 half period digital

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Bearish For Bitcoin: Nasdaq Forms Exact Signal Seen at Dotcom Bubble Peak

A common narrative that has cropped up in the crypto space is that Bitcoin is just tracing the price action of the stock market. In June, a team of analysts at Wall Street bank JP Morgan said that since March’s crash, “Cryptocurrencies have traded more like risky assets like equities—a significant change relative to the prior couple of years.

2020-7-16 13:00	xbtusd
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New iPhone Update Shows TikTok, Others Could Be Snooping on Bitcoin Addresses

Popular iOS apps like TikTok might be snooping on sensitive user information such as Bitcoin addresses and bank passwords, security publication ArsTechnica reported earlier this week. Snooping on Bitcoin Addresses Reports from this week confirm last week’s release of Apple’s iOS 14 developer beta for iPhone alerts users when mobile apps “read” data from one’sRead MoreRead More.

2020-7-1 22:07	tiktok
bitcoin addresses snooping week tiktok apps ios

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Goldman Sachs Says Bitcoin ‘Not Suitable Investment’ in Hyped Client Call

Despite recent hype, it doesn’t look like Goldman Sachs will be recommending Bitcoin to clients anytime soon. According to early reports, the global investment bank said that the cryptocurrency is “not an asset class” and “not a suitable investment.

2020-5-27 16:12	goldman sachs
investment goldman bitcoin sachs suitable global reports

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Are the fates of Ripple, IMF, and central banks intertwined?

CBDCs just got real. The idea of a central bank digital currency, a couple of months ago, felt like a distant dream. But, now it’s more than real as countries are now rushing to create a digitized vThe post Are the fates of Ripple, IMF, and central banks intertwined? appeared first on AMBCrypto.

2020-5-26 19:00	Trading View
central banks intertwined real ripple fates imf

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European Central Bank caught up with DLT; will it be used for CBDCs?

A central bank digital currency [CBDC] has been thought of as an important tool to smoothen technological and financial systems the world over. Central banks like the European Central Bank [ECB] have The post European Central Bank caught up with DLT; will it be used for CBDCs? appeared first on AMBCrypto.

2020-5-21 00:30	Trading View
central bank european used cbdcs caught dlt

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Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency.

2020-5-15 16:02	CBDCs
digital fiat currencies central filing dollar like

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Crypto Derivatives DEX Aevo's Token Jumps 10% as Binance Labs Discloses Investment

AEVO hit $0.9, its highest price since mid-May. Even so, it's still nearly 70% below where it started trading in March at around $3.

Crypto firms raised $2.5 billion in Q1, representing 29% quarterly increase

Galaxy reported an assortment of VC investment data, including nearly $2. 5 billion invested in the first quarter, on May 3. Crypto firms attracted funding across 603 deals during the period, representing 29% growth in dollar value and 68% growth in deal count quarter-over-quarter.

Bitfinex whales bolster Bitcoin holdings by 6% amid recent price surge

Quick Take Over the past few days, Bitfinex has recorded a substantial 6% increase in Bitcoin (BTC) long positions held by whales — totaling a staggering 48,615 BTC. Analyzing Bitfinex whale activity in 2024 reveals a clear pattern: On Feb.

Jane Street Capital now holds over 5% of Coinbase stock

Jane Street Capital has accumulated substantial Coinbase stock. According to financial intelligence site Fintel, Jane Street owned 5. 3% of Coinbase’s outstanding shares in February. COIN was valued at $140.

BlackRock tokenized BUIDL fund now convertible to USDC 24/7 via Circle integration

Circle, the issuer of USDC, announced a new smart contract functionality that allows holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC.

IBIT reaches over $300 million in trading volume within first 30 minutes, entering top 10 ETFs

Quick Take BlackRock’s iShares Bitcoin Trust (IBIT) has taken the ETF market by storm since its launch in January. The ETF now holds an impressive 266,587 Bitcoin, boasting a market cap of approximately $19 billion.

World's Largest Pension Fund Seeks Information on Bitcoin Under Portfolio Diversification Plan

Japan's state pension fund, GPIF, is seeking information about bitcoin as part of a broader strategy initiated in response to significant economic and societal changes and technological advancements.

2021-3-18 05:28

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