Bitcoin is the 11th largest monetary system in the world, ahead of Korean won

2019-6-21 10:46

Bitcoin’s current market capitalization would make it the 9th largest monetary system in the world, ahead of the Korean won and behind the Russian ruble. Bitcoin continues to grow The monetary base is defined by the US Federal Reserve as: “The sum of currency in circulation and reserve balances—deposits held by banks and other depository […] The post Bitcoin is the 11th largest monetary system in the world, ahead of Korean won appeared first on CryptoSlate.

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Bitcoin [BTC] zooms past the utility asset domain of Platinum & Palladium as it guns for Gold

Bitcoin’s [BTC] rise and fall on the cryptocurrency charts have been a sight to behold, with cascading events in the industry being attributed to its price movement. A recent post by planB suggests that Bitcoin has escaped the utility asset domain of Platinum, Palladium, and Silver and has entered the monetary asset domain of BTC’s […] The post Bitcoin [BTC] zooms past the utility asset domain of Platinum & Palladium as it guns for Gold appeared first on AMBCrypto.

2019-6-6 18:00


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Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.

2019-6-4 19:03


Bitcoin Can Sat-isfy The World: Monetary Transformation On A Global Scale

What would it take for economies to be transformed? From measuring the worth of assets in fiat currencies — pounds, euros, dollars, and so forth — to a digital currency system that values every good, service, and commodity in Bitcoin? The task of overseeing and implementing such a monumental shift would be overwhelming… yet it’s […] The post Bitcoin Can Sat-isfy The World: Monetary Transformation On A Global Scale appeared first on Crypto Briefing.

2019-5-16 22:57


Bitcoin [BTC] and Venezuela: An experiment on trust and technology?

Jill Carlson, the Co-founder of Open Money Initiative, spoke about the economic crisis in Venezuela and the role of cryptocurrencies in the country at the Magical Crypto Friends Conference 2019. Carlson’s presentation on ‘Designing for Extremes: Money Hacking in Venezuela’ provided an insight into the factors behind the country’s closed economy and its crumbling monetary […] The post Bitcoin [BTC] and Venezuela: An experiment on trust and technology? appeared first on AMBCrypto.

2019-5-13 16:30


Europe Welcomes Crypto-Enabled Debit Cards via Jubiter Exchange for Bitcoin and Litecoin

The crypto world seems to be bearing witness to new and exciting tech developments with each passing day. In this regard, it now appears as though a number of European nations have opened their doors to service providers who are looking to deliver their clientele with novel monetary offerings such as “crypto-based debit cards”. As […]

2019-5-3 21:00


Report Claims Latest Bitcoin ETF Holdups Came at a Dear Cost for Crypto Bulls’ Pocketbooks

Some of our regular readers may be aware of the fact that GBTC (The Bitcoin Investment Trust) is a novel investment vehicle that allows people to make regulated BTC purchases using a secure framework that is designed to provide investors with certain monetary guarantees. In that sense, one can even think of GBTC as being […]

2019-4-30 18:13


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Nobody Shills Bitcoin Quite Like The International Monetary Fund (IMF)

The International Monetary Fund (IMF) may have accidentally delivered its biggest advertisement for Bitcoin yet as it argues for negative interest rates. Bitcoin Proponents Thank IMF… Again Retweeting a blog post from February this year, the financial organization reiterated its faith in central banks increasing negative interest rates – essentially taxes on using money.

2019-4-22 21:00


Ôîòî:

Argentina Central Bank’s Inability to Stop Inflation is Forcing People to Bitcoin

As Argentina’s inflation rate skyrockets to its highest level since 1992, people are increasingly turning to Bitcoin as an alternative. Inflation in Argentina Surpasses 54 Percent Argentina’s central bank already tightened monetary policy three times in the last month, and inflation is still accelerating at a rate of nearly 55 percent.

2019-4-18 01:00


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3 Countries Tell IMF They Want To Issue Bitcoin Bonds

The governments of at least three countries have formally acknowledged their interest in issuing a sovereign Bitcoin bond to raise capital. Afghanistan, Tunisia, Uzbekistan And Bitcoin Asia Times originally reported the trend April 17 referencing recent statements at this week’s World Bank and International Monetary Fund (IMF) Spring Meetings held in Washington DC.

2019-4-17 17:00


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Scaramucci says institutional adoption of Bitcoin set to accelerate

SkyBridge Capital founder Anthony Scaramucci believes institutional adoption of Bitcoin has begun in full force and will accelerate rapidly in the coming quarters. Scaramucci made the statement during an interview on CNBC, where he highlighted the growing acceptance of Bitcoin among major financial institutions and pension funds.

Tether holds more US Treasuries than Germany, ranks 19th globally

Quick Take Tether reported a massive $4. 52 billion profit in the first quarter of the year. Notably, the stablecoin issuer’s consolidated financial figures revealed that as of March 31, it held a staggering $91 billion in direct and indirect US treasury bill holdings.

Challenging the notion of ‘Stag’ or ‘Flation’

Quick Take Federal Reserve Chair Jerome Powell dismissed concerns about stagflation following the release of the latest US economic data. In his speech following the Fed’s decision to keep fed funds rates at 5.