Bank Watchdog: Crypto Assets Fail as Money – and Digital Gold

2019-3-14 01:30

The Basel Committee on Banking Supervision (BCBS), a supranational banking watchdog, has warned that the growth of crypto assets like bitcoin pose a threat to banks and global financial stability, despite “very limited direct exposures.

” BCBS Lays into Bitcoin, Says it’s Not a True Store of Value In a March 13 newsletter statement, the BCBS said that crypto assets fail both as money and “digital gold. ” “While crypto-assets are at times referred to as ‘crypto-currencies’, the Committee is of the view that such assets do not reliably provide the standard functions of money and are unsafe to rely on as

The post Bank Watchdog: Crypto Assets Fail as Money – and Digital Gold appeared first on CCN

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Источник: ccn.com

assets money → Результатов: 126

ECB Chief Economist: “As a Central Bank, We can Create Money to Buy Assets, This is Exactly Why Bitcoin was Invented”

In an hour-long question and answer session on Tuesday, the chief economist at European Central Bank (ECB), Peter Praet defended its sub-zero policy rate, calling it a powerful tool that has more positive than negative effects.

2019-3-13 18:21	News
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Growth of Crypto Industry Could Threaten Banks, Financial Stability: Basel Committee

BIS-backed global banking authority the Basel Committee has issued a sceptical statement on crypto assets, saying they’re “unsafe to rely on” as money

2019-3-13 15:11
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Malta Appoints Cybersecurity Firm Ciphertrace to Monitor Crypto Transactions

The Malta Financial Services Authority (MFSA) has appointed U. S. cybersecurity company Ciphertrace to help with compliance monitoring of crypto assets. Ciphertrace will be expected to keep track of transactions that pass through local crypto exchanges and digital wallets including ICOs, screening for potential money laundering and terrorism financing violations.

2019-3-12 03:01	Wallets
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OxyContin-Stained Sackler Fortune Too Toxic for This Woke Hedge Fund

Under fire for fueling the opioid crisis, the billionaire family that controls OxyContin maker Purdue Pharma LP has been booted from a large hedge fund, the Wall Street Journal reports. Hildene Capital Dumps Family Behind OxyContin Fortune Last year, Hildene Capital Management, which manages some $10 billion in client assets, notified Sackler family investment entities that it would no longer handle their money.

2019-3-11 03:30
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Canadian Federal Tax Agency Targets Bitcoin Investors

The Canada Revenue Agency (CRA) has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.

2019-3-9 23:53	Regulation
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BKCM CEO: Crypto Winter Coming to an End As Bitcoin Fundamentals Turn Positive

At long last, CNBC’s “Fast Money” segment has covered the cryptocurrency space again. Interestingly, the show’s contributors expressed optimism, even as many pundits have concluded that Bitcoin (BTC) and other digital assets remain embroiled in a battle with bears.

2019-3-7 15:00	Market
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Fund managers can no longer afford to miss out on millennial money

The $22 trillion US asset management industry is starting to diversify stock market risk with digital assets and is competing with more efficient digital finance platforms for millennial customers' retirement funds.

2019-3-7 03:10	BNC insights
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Fund managers can't afford to miss out on millennial money

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Israel regulators support ‘heavily regulated’ cryptocurrency trading platform

An Israeli financial market regulator has given its recommendation for the creation of a heavily regulated cryptocurrency issuance platform, Reuters reports. According to the report, such a platform should allow companies to “raise money by issuing digital tokens to investors.

2019-3-6 17:59	hard fork
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What Bear Market? This Crypto Brokerage Firm Just Raised $12 Million

Traditional cryptocurrency lovers do not like somebody to sell and purchase their digital assets for them. But their take is likely to change if they have to walk to an over-the-counter bitcoin shop with a bag full of money.

2019-3-5 13:23
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FATF Issues Preliminary Guidelines on Digital Assets to Combat Money Laundering

The Financial Action Task Force has updated its guidelines on digital assets, providing requirements to combat money laundering and terrorism financing

2019-3-2 23:03	Law
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Bitcoin is the ‘Gateway Drug’ to Stocks and Commodities for Millennials

One of the positive outcomes of the bitcoin boom and bust has been luring millennials into investing in traditional assets, a new study carried out by social trading and multi-asset brokerage firm eToro says.

2019-2-28 18:59	Bitcoin
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Decentralized Payment Processor BTCPay Adds New Invoicing Options

Decentralized payment processing service BTCPay Server announced a new service available through their platform on February 22, 2019: a way to request payments by simply sharing a URL, thereby streamlining many of the model’s existing hangups.

2019-2-27 23:26	Payments
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QuadrigaCX and the Million Dollar Questions: What We Do and Don’t Know

QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.

2019-2-26 22:21	Law & justice
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Canadian Banks Wary of QuadrigaCX Assets’ Origins, Cite Money Laundering Concerns

Hesitation has been shown by Canadian banks concerning the management of the assets of insolvent cryptocurrency exchange QuadrigaCX

2019-2-24 13:53
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IBM Exec Forecasts a Million-Dollar Bitcoin — When a Sat Will Equal a Cent

An IBM executive is unfazed by the current market realities, saying he sees Bitcoin (BTC) reaching a value of $1 million as a present possibility. Jesse Lund, vice president of Blockchain and Digital Currencies at IBM, shared his predictions at the IBM Think 2019 Conference, which took place February 12–15, 2019.

2019-2-23 00:42	Adoption
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So Far, Only Two Businesses in Ohio Have Used Bitcoin to Pay Taxes

According to a recent statement made by Ohio’s state treasurer, so far, only two businesses have filed their taxes in crypto using the state’s crypto tax payment scheme.

2019-2-22 01:23	Adoption & community
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Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments

The central bank of Lithuania has updated its position on cryptocurrencies and tokens issued through initial coin offerings. The regulator has revised the definition of these assets specifying the conditions under which financial institutions can operate with digital money and accept crypto payments.

2019-2-21 01:30
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The Financial Future Of Decentralized Monetary System In The Coming Years Will Be Profound

The Future Of Decentralized Monetary System In The Coming Years Handling money and financial transactions have evolved in the wake of civilization and technological advancement. In the early times, the safety of one’s assets can be guaranteed in how discrete the holder of such an asset is in keeping them. Before the establishment of banks, […]

2019-2-21 01:24	News
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Put Your Money On Crypto for the Long-Term, Says Major Wealth Manager for Pensions

It’s time institutional whales put their money into cryptocurrency according to major investment management firm Cambridge Associates. IT’S TIME TO ‘BEGIN EXPLORING’ SAYS CAMBRIDGE ASSOCIATES The Boston-based consultancy only advises major institutions who manage more than $300 billion worth of clients’ assets.

2019-2-18 20:11	Cryptocurrency
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NeuralTrade Network ICO

Most people are desperately seeking financial freedom in their life. Sadly financial freedom remains a dream to them or an elusive theory that forever escapes them. The biggest problem around financial freedom is some magic formula or some secret success model that they believe exists, they spend an endless amount of time, effort and even resources in obtaining this magic formula or the secret success model.

2019-2-15 22:51
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Wyoming Passes New Friendly Regulations for Crypto Assets

The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets.

2019-2-15 22:18	Regulation
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Breaking: JP Morgan Bank Breaks Record by Becoming the First to Issue a Bank-Backed Cryptocurrency

Banking giant JP Morgan has announced the release of its cryptocurrency JPM Coin, which is the first to be issued by a bank. The token will be used mainly to settle payments using the money, securities, and other assets by between the company’s payment business clients.

2019-2-14 16:34
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‘JPM Coin’: JPMorgan Chase Announces World’s First Bank-Backed Cryptocurrency

CoinSpeaker ‘JPM Coin’: JPMorgan Chase Announces World’s First Bank-Backed Cryptocurrency The banking giant's JPM Coin will be majorly used for the institutional purpose to transfer money, securities and other assets globally by leveraging the power of blockchain.

2019-2-14 15:49
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How to Learn Crypto Trading With No Risk? Try It in DEMO Mode!

For many people, learning to trade cryptocurrency can be scary. It’s much easier to sit on your investments and HODL. While there’s nothing wrong with that approach, it’s important to realize that you’re leaving money on the table.

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NUPay ICO

In the belief that cryptocurrencies will soon become the norm as a payment tool or “money,” numerous startups and companies are preparing to launch cryptocurrency-related services and technologies. TPCT, NUPay’s brand token, functions as a medium of exchange and a store of value that can be spent and collected, credited, or accumulated through the NUPay Payment System.

2019-2-13 09:33
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Morgan Creek Bags $40M Raise, Attracts Industry First Funding From Pensions

Even in a bear market, Morgan Creek Digital has no problem swimming upstream. The crypto asset management firm just bagged a $40 million dollar investment and what appears to be the first blockchain/crypto investment by a major pension fund.

2019-2-12 20:51	Investing
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UnionBank Launches Two-Way Bitcoin ATM in the Philippines

The UnionBank of the Philippines, one of the leading financial institutions in the country, has launched a two-way bitcoin automated teller machine (ATM), according to a story in local media outlet Philstar.

2019-2-12 00:10	Adoption
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Crypto ATM Plans by UnionBank to Trade Digital Assets for Philippine Pesos is with Coins.ph

Crypto automated teller machines (ATMs) are growing in popularity, allowing holders of cryptocurrency to exchange their money for crypto tokens. One of the most recent launches is being planned for the UnionBank of Philippines, which plans to launch an ATM that provides a means to trade digital assets for Philippine Pesos. The launch is a […]

2019-2-11 04:21	News
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Bitcoin a ‘Major Concern’ for the Indian Government, if Used for Payments: Report

India has long been a nation that has taken a hardline stance towards cryptocurrencies. The risks associated with digital currencies such as money laundering and terrorism funding have long fueled the Indian government’s approach to dealing with digital assets.

2019-2-10 12:15	India
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BSV Advocate Craig Wright: Cryptocurrency Exchanges and Lightning Network are Subject to FINRA

All money handlers, something crypto exchangers too often forget they are, store highly sensitive data involving the exchange of assets and monies and were always going to be subject to government and zone regulations eventually.

2019-2-7 20:29	News
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Why the Bitcoin Market can Crash like the Dutch Tulip Mania

Tulip Mania was an ancient flower that became the face of all investment assets in that Era and became a productive asset to the Netherland. After its discovery, the flower began to take a sudden surge in price which attracted investors from all walks of life to purchase this money making a flower with a […] The post Why the Bitcoin Market can Crash like the Dutch Tulip Mania appeared first on ZyCrypto.

2019-2-6 18:07
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Chainalysis Report: Two Groups Responsible for Most Publicly Reported Hacks

Two “prominent professional hacking groups” are responsible for the majority of publicly reported hacks of cryptocurrency exchanges and other cryptocurrency organizations, concludes a report published by blockchain data analytics firm Chainalysis this week.

2019-2-2 01:45
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Did Bitcoin’s Q4 2018 Price Performance Prove It’s Not Digital Gold? Think Again

Writing for Market Watch Tuesday, Aaron Hankin asserts that Bitcoin’s price plunge along with the NASDAQ and other equities benchmarks in Q4 2018 proves Bitcoin is more like a tech stock than digital gold as some Bitcoin proponents have characterized it.

2019-2-2 17:44	Op-ed
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Major South Korean Crypto Exchanges Launch AML Initative

Four leading crypto-exchanges in South Korea including Bithumb, Corbit, Upbit and Coinone have joined forces to fight against cryptocurrency-powered money laundering activities, reported The Korea Herald on January 28, 2019.

2019-1-29 12:00	Upbit
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179 +

Shocking Truth about Stellar Lumens’s XLM and Ripple’s XRP (How one emerged from the other)

It is highly possible that a lot of investors who believe in diversification of portfolio have put their money on both Ripple’s XRP and Stellar Lumen’s XLM. These two digital assets have a lot to be talked about most especially how one emanated from the other.

2019-1-27 23:06	xrp news
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Simon Dixon Reflects on the 10th Anniversary of Bitcoin

With the 10th anniversary of Bitcoin’s launch under the industry’s belt, it’s hard to believe how far the space has traveled in that time. Bitcoin Magazine has asked a number of long-time members of the space to reflect on their experiences, and published author Simon Dixon spoke with us about some of his observations over the years.

2019-1-26 01:44	Adoption & community
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South African Reserve Bank: Crypto Asset Friendly, but Bitcoin Is Not Money

South Africa’s reserve bank released a consultation paper that includes favorable recommendations and guidelines for the crypto asset industry in the country. However, the agency is not looking to treat Bitcoin and other digital currencies as ‘currency.

2019-1-23 01:28
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Top Businessmen and A-List Celebrities Who Invested In Bitcoins And Blockchain-Crypto Assets

Top Businessmen And A-List Celebrities Who Invested In Bitcoins And Other Cryptocurrencies There are many advocates of cryptocurrency, either as the future of money or as an investment vehicle capable of yielding multiple returns on investment.

2019-1-23 23:43	News
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Wyoming Looks Determined to Legalize Bitcoin as Money

Wyoming is introducing a bill that will put cryptocurrency like Bitcoin on the same legal footing as money. The bill will also provide a precise classification of digital assets, especially for custody administration.

2019-1-19 18:00
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Gate.Io Launches Monero (XMR) and Stellar Lumens (XLM) Perpetual Contracts

Many believe that institutional money will not flow into cryptocurrency markets until there are more adaptability and flexibility with the markets with regards to investment products such as futures contracts.

2019-1-19 03:00	XMR
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Crypto Isn’t Criminal Money: Binance Blocks Funds From Hacked Exchange

This week, the popular crypto exchange Cryptopia suffered the first major security breach of 2019, resulting in “significant losses” of crypto assets the exchange had stored. Following the breach, social media users began tracking the movements of the stolen funds and alerted Binance CEO Changpeng Zhao that the funds had landed on Binance – the world’s.

2019-1-17 23:00	security
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ICOs banked $13B with ‘little work, accountability, or transparency,’ report

To date, Ethereum‘s process of initial coin offerings (ICOs) has earned token founders an estimated combined profit of $12. 8 billion, made entirely of digital assets they created out of thin-air.

2019-1-16 20:24	hard fork
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Altcoin Arbitrage Today: USDT, DOGE, EOS, XLM, LTC, ZEC

Every day is a good time to make money with cryptocurrencies, tokens, and digital assets. Although the overall momentum has turned rather bearish once again, this will also create new price gaps waiting to be explored by traders.

2019-1-16 12:15	trading
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Altcoin Arbitrage Today: Making Money With XRP, ETH, XLM, LTC, XMR, ZEC

There is always good money to be made with cryptocurrencies and digital assets. While the current overall market momentum might not necessarily warrant much optimism, there are numerous price gaps affecting a lot of different markets right now.

2019-1-14 13:00
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OKEx Offers Special TRX Promotion On OKPiggyBank To Celebrate Launch

OKEx Offers Special TRX Promotion On OKPiggyBank To Celebrate Launch A while back, OKEx, the digital exchange launched a new service called OKPiggyBank for its global user base. As its names suggest, this service lets users save money while they earn interest.

2019-1-12 23:09	News
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Altcoin Arbitrage Today: LTC, TUSD, USDT, EOS, ADA, XMR

In the world of cryptocurrency, digital assets, and tokens, making money is the primary objective for a lot of people. As such, exploring all different options is the main priority for anyone who takes this concept rather seriously.

2019-1-11 14:00	trading
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Banking Agency Advises European Commission to Assess Common Crypto Approach

The European Banking Authority (EBA), a regulatory agency of the European Union, has published its assessment into the application of EU law to crypto assets. The agency, which is headquartered in London, recommends that the European Commission tables a response to the risks regulators associate with the field such as money laundering.

2019-1-10 01:20	Regulations
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One Of The Richest Men In The World Is Putting His Money On Bakkt

The blockchain and crypto industry continues to attract big financial muscles, and Bakkt seems to be the latest company to bag a proper one. Bakkt is a platform built by the ICE to facilitate the trading of digital assets.

2019-1-10 00:04
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