ECB: Bitcoin is evil spawn of 2008 crisis

News	2018-11-19 15:38

The member of the board of the European Central Bank called the first cryptocurrency a malicious outcome of the 2008 global financial crisis and warned world central banks of the dangers and risks of digital currencies. origin »

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Источник: coinfox.info

crisis central → Результатов: 14

European Central Bank Executive Dubs Crypto “Evil Spawn” of Financial Crisis

An executive board member of the European Central Bank (ECB), Benoit Coeure, dealt a verbal blow to bitcoin and the infant cryptocurrency industry when he termed the digital currency “a combination of a bubble, a Ponzi scheme, and an environmental disaster,” per a report by Bloomberg, published November 15, 2018.

2018-11-19 09:00	Regulations
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ECB Official Decries Bitcoin as ‘Evil Spawn’ of Financial Crisis, Ripple Consolidates Lawsuits

In recent regulatory news, an executive board member of the European Central Bank (ECB) has given a dismissive appraisal of bitcoin and rejected the prospect of central banks issuing state-backed digital currencies in the foreseeable future.

2018-11-16 19:10
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European Central Bank (ECB) Executive: Bitcoin Is The “Evil Spawn Of The 2008 Financial Crisis”

European Central Bank Exec Affirms That Bitcoin Is The “Evil Spawn Of The Financial Crisis” Benoir Couere, an executive of the board of the European Central Bank (ECB) has affirmed that Bitcoin is the “evil spawn of the financial crisis”, connecting the creation of the asset with the 2008 financial crisis. He made the acid […]

2018-11-16 02:52	News
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Data Shows We Can’t Expect Cryptocurrency to Handle Inflation

Digital currency is being adopted in several nations fighting economic distress as a means to avoid inflation. In fact, crypto evangelists cite examples of African communities and countries like Venezuela to describe how digital coins could provide security from central banks’ policies and subsequent inflation in times of crisis.

2018-9-13 14:11	Cryptocurrency
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Stablecoins Not The Solution For Bitcoins Issues

The launch of stablecoins is viewed as a palliative measure to decrease the impact of the recent crisis with Bitcoin, some have even described it as ETFs replacement for a short time. However, Barry Eichengreen, a professor of Economics UC Berkeley has said that stablecoins are not the way to fix the problem.

2018-9-12 13:30	StableCoin
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Tired of Bank Bailouts and Hyperinflation? Bitcoin Offers Something Different

People often wonder why a cryptocurrency with a limited supply like bitcoin has been gaining traction over the years. Since the 2008 financial crisis, the world’s central banks have printed around $12-30 trillion worth of promissory notes, and more than $10 trillion in negative-yielding global bonds.

2018-9-11 06:45	УС
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Argentina Back in Crisis: Should the Government Buy Bitcoin?

A proposal to place a sliver of Argentina's central bank reserves in bitcoin is worth taking seriously, given the country's current dire straits.

2018-9-11 11:00
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Gary Gensler: From CFTC Chair to Blockchain and Cryptocurrency Educator

Gary Gensler was chairman of the U. S Commodity Futures Trading Commission (CFTC) between 2009 and 2014, right after the global financial crisis. Today, Gensler is part of MIT’s Digital Currency Initiative, lecturing students on blockchain technology and cryptocurrencies.

2018-7-23 08:00
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Argentina Central Bank Looks For Crypto & Blockchain Education Via Books

Argentina’s Central Bank’s Interesting In “Mastering Bitcoin” Growing As Peso Is Depreciated By Rising Inflation Argentina is currently facing a big economic crisis as the country’s national fiat currency, the Peso, has hit a record low price against the USD and the inflation in the country is rising a lot recently. Not only people, but […]

2018-7-21 23:52	News
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‘Cryptocurrencies Would Cause A Crisis In A Recession’ Says This Report

A report, written in Verdict highlights one issue with cryptocurrency that seems to be under-explored. We all envision a world led by crypto, one where we pay for our shopping in Bitcoin and send money to our loved ones in XRP.

2018-7-13 08:00	Cryptocoins
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EU’s Report on Cryptocurrencies: Says Officials “Should Not Ignore” Them

The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.

2018-7-3 23:28	Adoption
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Op Ed: I Think, Therefore I Bitcoin: The Case for Bitcoin

A key aspect of modern society is its trust in reliable government and monetary systems. Government and central banks have been the guardians of the financial system.

2018-6-14 19:35	Op-ed
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Tether Open-Sources Bitcoin Mining OS, Targeting Home Rigs to Global Industrial Farms

Key Takeaways: Tether unveiled Mining OS (MOS), a complete Bitcoin mining platform designed according to open-source model The system can implement from small-sized mining rigs at home to big multi-site The post Tether Open-Sources Bitcoin Mining OS, Targeting Home Rigs to Global Industrial Farms appeared first on CryptoNinjas.

White House Talks Stablecoin Yield as Crypto, Banks Push US Market Structure Bill

Key Takeaways: Crypto industry and banking leaders met at White House to discuss about regulation on stablecoin yield. Talks aim to unlease bottlenecks, foster the progress of the Digital Asset The post White House Talks Stablecoin Yield as Crypto, Banks Push US Market Structure Bill appeared first on CryptoNinjas.

Ripple Secures $280M Diamond Tokenization as UAE Pushes Real-World Assets Onto XRPL

Key Takeaways: Billiton Diamond and Ctrl Alt have tokenized more than 280 million polished diamonds in the UAE. The program utilizes the use of the XRP Ledger, and Ripple offers The post Ripple Secures $280M Diamond Tokenization as UAE Pushes Real-World Assets Onto XRPL appeared first on CryptoNinjas.

Ethereum builders shrug off ETH decline as network activity holds steady

By several measures, activity on the network remains near peak levels, which has industry leaders plussed about the plunge in ether's price.

Flare unveils new way for XRP holders to earn yield through a massive DeFi upgrade

Users can now lend FXRP to earn yield or use it as collateral to borrow other assets, giving XRP holders new ways to put their tokens to work onchain.

Galaxy Digital shares plunge over 6% in pre-market over $482 million Q4 loss

Galaxy generated $426 million in adjusted gross profit for the full year and ended it with $2.6 billion in cash and stablecoins, despite the significant quarterly loss.

Strategy slides toward eighth straight monthly decline

Last year marked the second-worst annual performance since Strategy adopted its bitcoin treasury strategy.

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2018-11-19 15:38

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