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China’s central bank announces completion of virtual currency after meticulous planning since 2014
Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People’s Bank of China [PBOC], recently announced at the third “China Finance 40 Yichun Forum”, that the development period of People’s Bank of China’s [PBOC] digital currency was near completion and it was “said to be ready. дальше »
2019-8-11 12:33 | |
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Owning Fiat Just Got More Expensive – NIRP Strikes Again
With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy (NIRP). дальше »
2019-8-8 13:00 | |
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Dow Recoups 275 Points as China Manipulates the Market - Again
The Dow and broader U. S. stock market began their long road to recovery on Tuesday after the People's Bank of China (PBoC) announced it would take decisive measures to stabilize the yuan. In other words, PBoC is manipulating the currency market in the direction that appeases stock traders. дальше »
2019-8-7 22:26 | |
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Dow Plunges 890 Points as Market Volatility Spikes to Crisis Levels
The Dow and broader U. S. stock market hastened their declines Monday, with intraday volatility reaching its highest level in nearly eight years after the People's Bank of China effectively weaponized its exchange rate. дальше »
2019-8-6 22:03 | |
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Main Drivers Behind Bitcoin’s 10% Surge Today
The #1 crypto asset is showing no signs of weariness today despite the worsening China-US trade tensions and growing fears of a global recession. Here are the main reasons behind Bitcoin’s latest 10% gain. дальше »
2019-8-5 18:00 | |
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People’s Bank of China (PBoC) Talks Plans to Fast-Track R&D Related to its Legal Digital Currency
On Friday, August 2, 2019, the People’s Bank of China (PBoC) supposedly held a video conference in which things that needed to be achieved in the second half of the year were elaborated upon. According to The Block, China’s central bank reported its plans to accelerate its goals with regard to a country-wide digital currency […] дальше »
2019-8-3 17:24 | |
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China’s central bank fast-tracks R&D of its legal digital currency
The People’s Bank of China noted that they are going to track the development trend of virtual currencies of China and foreign in order to strengthen Internet financial risk remediation. After mulling over its centrally owned digital currency, China accelerated its research and development, according to the statement released by the People’s Bank of China […] The post China’s central bank fast-tracks R&D of its legal digital currency appeared first on AMBCrypto. дальше »
2019-8-3 11:42 | |
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Elon Musk’s Megapack Will Save Tesla – But That’s Only the Beginning
Elon Musk just gave us a tantalizing glance into Tesla‘s future, and it has nothing to do with an all-electric pickup truck – or electric vehicles at all. Instead, it’s a nondescript power bank that few people will ever see, much less purchase. дальше »
2019-7-30 19:08 | |
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Moonday Mornings: The US is suing a cryptocurrency exchange owner to the tune of $100M
Good morning, and welcome to Moonday Mornings. Let’s take a look at the cryptocurrency and blockchain headlines from over the weekend. 1. The US Internal Revenue Service (IRS) is going after digital asset traders and has begun sending them letters asking that they report their cryptocurrency holdings and pay their taxes, Coindesk reports. дальше »
2019-7-29 10:55 | |
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Bitcoin (BTC) Reacting from $9,500, Will Hangzhou Internet Court Ruling Trigger Demand?
Bitcoin (BTC) steady below $10,000 Hangzhou Internet Court recognizes Bitcoin as property China may be restrictive, but Chinese miners plays a vital role in the Bitcoin ecosystem. Therefore, despite the People’s Bank of China stance, the ruling from Hangzhou Internet Court is bullish. дальше »
2019-7-25 20:00 | |
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‘Libra vs Alipay, WeChat’ Trending High on Chinese Search Engine
Since Facebook announced its new cryptocurrency “Libra,” it has faced resistance from global regulators and financial sectors. The People’s Bank of China, which in 2017 banned the use and trading of cryptocurrencies, has also expressed skepticism, believing that the US-controlled digital currency would circumvent its financial sovereignty. дальше »
2019-7-18 15:00 | |
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China May Adopt a “Hong Kong Style” Cryptocurrency, Instead of Libra, Per Ex-Central Bank Governor
After the release of the whitepaper for Facebook’s Libra cryptocurrency, governments around the world have brought up concerns. Some have already stated that they will not allow Libra to be used within their economy, while others simply want clarity on the regulations already in place. дальше »
2019-7-12 00:41 | |
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Former PBoC Governor Expects Policy Implementation in China to Counter Facebook’s Libra Coin
In an ever-continuing economic war between two of the greatest nations on the planet currently, US and China, maybe in yet another race of supremacy – this time in blockchain technology and cryptocurrencies – the former governor of the People’s Bank of China, Xiaochuan Zhou, states in a recent interview. In the past month, several […] дальше »
2019-7-11 18:23 | |
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China’s Roadmap For A Digital Yuan, Will Tron (TRX) And NEO Benefit?
The People's Bank of China is charting the road map that will lead to the creation of a digital yuan. That may prove beneficial for Tron and NEO. The post China’s Roadmap For A Digital Yuan, Will Tron (TRX) And NEO Benefit? appeared first on Ethereum World News. дальше »
2019-7-11 13:00 | |
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China and India Are not Comfortable with Libra, Need More Information and Clarity
China and India combined comprise nearly 35 percent of the world population. Bloomberg reported that the People’s Bank of China (PBOC) wants Facebook to reveal more information about Libra while Economic Times noted that the Indian Secretary of Economic Affairs believes the country is not comfortable with private currencies, July 9, 2019. дальше »
2019-7-10 11:00 | |
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China’s central bank is developing a state-run cryptocurrency in response to Facebook’s Libra
China’s central bank is creating its own cryptocurrency in response to Facebook’s Libra, said Wang Xin, director of the People’s Bank of China’s (PBOC) research bureau. Reasoning behind China’s hostility towards cryptocurrency China’s stance towards Bitcoin, and cryptocurrency in general, has been hostile—and understandably so. дальше »
2019-7-9 03:12 | |
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People’s Bank of China Processes Nearly $4.5 Billion in Transactions Through Blockchain
The People’s Bank of China has been taking new strides in the cryptocurrency sector, recently launching a blockchain trade financial solution from their institution. According to finance news outlet SINA on July 8th, the solution processed a total of $4. дальше »
2019-7-9 00:27 | |
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People's Bank Of China Researcher Comments On Facebook's Libra
At Peking University’s Institute of Digital Finance, Wang Xin, head of the research bureau at the People's Bank of China, noted that mass adoption of Facebook's Libra cryptocurrency could ramp up development of China's own national digital currency. дальше »
2019-7-9 18:49 | |
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India claims its Aadhaar push is for the ‘good’ of people despite serious privacy concerns
Last year, India’s top court ruled that the central government’s national identification system – Aadhaar – doesn’t violate the privacy of citizens. Now, there are three major developments on this front that might put privacy activists on high alert. дальше »
2019-7-5 16:08 | |
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Tech may push censorship boundaries in China as population shows increasing interest in crypto
As the world moves towards regulating crypto for its adoption, China’s indecisiveness about crypto and the proposal to ban the mining of crypto could be an area of conflict. In June, the People’s Bank of China [PBOC] in a statement said that it would block access to all domestic and foreign crypto exchanges along with […] The post Tech may push censorship boundaries in China as population shows increasing interest in crypto appeared first on AMBCrypto. дальше »
2019-7-5 23:00 | |
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President Maduro Orders Petro Transaction Desks to be Opened in Venezuelan National Bank
There is significant use of cryptocurrencies by people in first world countries for the purposes of paying for goods and services as an alternative to fiat currency and also as an investment tool. There is, however, also the use of cryptocurrencies in countries are struggling with inflation and various financial issues as not just an […] дальше »
2019-7-5 21:17 | |
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China’s Sina Finance adds cryptocurrency support on its application amid government clampdown
The People’s Bank of China [PBOC], the central regulatory authority that regulates Financial Institutions in the country, had issued a statement on June 25 that it would block access to all domestic and foreign cryptocurrency exchanges and ICO websites. дальше »
2019-7-4 03:30 | |
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Review: The Cambridge Audio Melomania 1 wireless earbuds are almost perfect
Cambridge Audio is one of the oldest and most respected audio brands in the UK. It’s best known for its pricey amplifiers and speakers, which promise a top-notch listening experience, at the expense of your bank balance. дальше »
2019-7-4 01:30 | |
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Indian scammers stole $2M in cryptocurrency using inspirational Bill Gates quotes
In spite of repeated warnings by the country’s central bank, people in India continue to fall for cryptocurrency scams. In the latest, the anti-terrorist squad (ATS) of Rajasthan police has unearthed a Bitcoin scam worth INR 150 million ($2 million). дальше »
2019-6-27 12:55 | |
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Facebook ‘Too Powerful’ to Run Libra Without Rules, Says Democratic Senator
By CCN Markets: Facebook has too much power to engage with a cryptocurrency, a United States senator has warned, days after the social media giant launched Libra. Sherrod Brown, a Democratic senator from Ohio, told Bloomberg TV that the public has increasing concerns around the social network. дальше »
2019-6-22 16:38 | |
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Australia’s Central Bank: It’s ‘Difficult’ to Imagine Mass Adoption of Bitcoin
By CCN Markets: After ten years, the Reserve Bank of Australia has decided that Bitcoin and other cryptocurrencies don’t pose a threat to Aussie dollars or other forms of fiat payment. The RBA concludes, after reviewing everything it knows about cryptocurrency, that it’s “difficult to envisage” an outbreak of Bitcoin users in the down under. дальше »
2019-6-21 10:55 | |
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Facebook’s Crypto Libra May Kill Launch in India, Its Biggest Market: Report
By CCN Markets: Facebook’s cryptocurrency Libra is expected to change the way payments are made across the globe when it launches next year, but there’s one market that the social media giant might be giving a miss – India. дальше »
2019-6-21 13:26 | |
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Ripple, Binance CEOs Comment on Facebook’s Libra as Canaccord Analyst Says Regulatory Hurricane is Coming
Several figures from the financial world are currently talking about the hottest subject of the moment: Facebook’s Libra stablecoin. The new crypto is seen as very controversial, with people affirming that it is good while others are very scared of it. дальше »
2019-6-20 23:35 | |
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Spanish police arrest Bitcoin launderers in international credit card fraud case
Spanish police have arrested 35 people allegedly involved in an international counterfeit bank card ring which laundered its profits using Bitcoin. Criminals made more than $675,855 (€600,000) and laundered more than $891,250 (€1,000,000), according to local media reports. дальше »
2019-6-14 12:51 | |
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A Boon for Bitcoin? Italian Government Proposes Tax on Savings in Held in Bank Safes
The Deputy Prime Minister of Italy has proposed a new tax on cash and other valuables held by citizens at banks. If actually imposed, the measure could drive people towards Bitcoin as a way to keep their savings safe from cash-strapped government ministers. дальше »
2019-6-13 02:00 | |
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All-White South African Protest Community Launches Cryptocurrency
By CCN: The town of Orania, South Africa, claims it’s not racist, but it’s only ever allowed white people to live within its walls. Wholly owned by a single community corporation, the city was established after Apartheid ended and has always had its own currency. дальше »
2019-6-8 11:30 | |
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Bringing Banking to the Unbanked and Small Companies
Being an entrepreneur in a country rife with inflation and corruption and crippled by economic sanctions can be a stressful business. If the national bank decides to go under and shut down its payment processes, it is likely that your business is going with it. дальше »
2019-6-7 15:17 | |
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Buy Failing Deutsche Bank With Bitcoin, Suggests Fund Manager
Frankfurt-based multinational investment bank Deutsche Bank has seen its stock price decline over the past five years with no signs of revival. Popular cryptocurrency fund manager Anthony Pompliano says that it would be interesting if people put their bitcoin together and bought it out. дальше »
2019-6-1 01:00 | |
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Op Ed: Bitcoin in Africa, What Needs to Be Done to Encourage Adoption?
Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet. дальше »
2019-6-1 21:48 | |
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Are Chinese Capital Controls What’s Pushing Up Bitcoin Price?
A former Chinese central bank advisor was denied transferring $20,000 abroad to pay for a vacation. Could increasing capital controls in China be driving Bitcoin price? Chinese Capital Outflow Controls Are ‘Extreme’ Yu Yongding is a former advisor to the People’s Bank of China. дальше »
2019-5-31 14:00 | |
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Bank for International Settlements Manager: Limits of Bitcoin and Blockchain Should Be Examined
The long-standing debates about the credibility, general acceptance and adoption of cryptocurrency is nowhere near its end. People have in the past argued both ‘for' and ‘against' mainstream adoption of digital currencies. дальше »
2019-5-27 02:22 | |
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Bitcoin [BTC]: General manager of BIS says Bitcoin and blockchain technology should be explored to its limits
The debate about the credibility and mainstream acceptance of cryptocurrency ever since Bitcoin rose to fame in 2017 does not seem to have any conclusion. People involved in this discussion presented valid reasons both ‘for’ and ‘against’ the credibility and acceptance of cryptocurrencies. дальше »
2019-5-26 06:00 | |
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Owning Bitcoin is (and has been) legal in China
In a recent report, the Beijing News analyzed a case which involved more than 100 people who were scammed out of 7,000 BTC. Wei Xiao, a council member at the Bank of China Law Research Association, stated that owning bitcoin in China is legal. дальше »
2019-5-23 23:45 | |
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Laos Central Bank Wary of Cryptocurrencies’ Use in Money Laundering
The central bank of Laos has warned commercial banks, financial institutions, and investors not to buy, sell or use cryptocurrencies, reports local media outlet Vientiane Times, May 21, 2019. Laos Does Not Want Cryptocurrencies Laos’ central bank, the Bank of the Lao People’s Democratic Republic (PDR), has cautioned financial market players against digital currency transactionsRead MoreRead More. дальше »
2019-5-22 18:00 | |
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Bitcoin [BTC] ownership, trading should be legal in China, says Bank of China Council member
Bitcoin [BTC] received a major boost after Sa Xiao, Council Member at the Bank of China’s Law Research Association, said that it should be legal for people in China to own Bitcoin [BTC], despite the government’s ban on crypto transactions and assets. дальше »
2019-5-22 17:30 | |
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People’s Bank of China (PBoC) FinTech Institute is Looking for Skilled Blockchain Job Candidates
The era of blockchain has come to stay as it is widely growing among Fintech industries, banks, and many more areas. Also, job openings on the blockchain are on the rise today, and many Fintech and companies search for blockchain talents almost every day. дальше »
2019-5-22 03:18 | |
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Terrified Central Bank Attempts to Arrest Myanmar’s Bitcoin Binge
By CCN: An emerging economy which expects to attract $5. 8 billion worth of Foreign Direct Investments is belittling its goals with an anti-technology stance. Myanmar is the latest developing country that is hinting to shut doors in the face of bitcoin, a decade-old global cryptocurrency which proposes to replace banks with a decentralized network of transaction validators and bookkeepers. дальше »
2019-5-20 12:10 | |
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Dutch bank ABN AMRO ditches its Bitcoin wallet because it’s ‘too risky’
Dutch bank ABN AMRO has decided to cancel its plans for a custodial cryptocurrency wallet, called Wallie, claiming that digital assets are “just too risky. ” Back in January, the rumor mill spun into action after images surfaced on Twitter that appeared to suggest Dutch bank ABN AMRO was designing a cryptocurrency wallet. дальше »
2019-5-20 11:30 | |
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