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BoE: Cryptocurrencies Pose ‘Reputational Risks’

The Bank of England has reportedly cautioned City bosses away from implementing cryptocurrencies into their business plans — citing all the usual reasons one has probably come to expect. ‘Reputational Risks’ “In their short history, crypto-assets have exhibited high price volatility and relative illiquidity,” wrote Bank of England Deputy Governor Sam Woods in a letter to the chief executives of banks, insurers, and fund managers — as reported by The Telegraph, adding: Crypto-assets also raise concerns Read More The post BoE: Cryptocurrencies Pose ‘Reputational Risks’ appeared first on Bitcoinist.com. дальше »

2018-6-29 05:00


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Iceland Becomes Global Crypto Mining Powerhouse but Neighbors Could Pose a Challenge

Based on its name alone, Iceland will usually evoke images of a sparse population and freezing temperatures. While nobody was watching, however, the island nation slowly became the hottest location for one of the fastest-growing industries today — the country is now recognized as the global center for crypto mining. дальше »

2018-6-25 20:38


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Nasdaq CEO says: Retail Investors are being put at risk because of Oversight by ICOs

Nasdaq CEO Adena Friedman recently claimed that initial coin offerings (ICOs) pose “serious risks” for retail investors, CNBC reports June 20. Speaking at the Future of Fintech conference in New York on Wednesday, Friedman expressed “real concern” about ICO projects, saying that they can seriously defraud retail investors. Friedman said this is mostly the result дальше »

2018-6-21 06:52


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The ‘Moral Hazard’ of Centralized Cryptocurrencies according to the Bank of Korea

South Korea’s central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy. According to The Korea Times on Monday, the BoK said that issuing a central bank digital currency (CBDC) could pose a “moral hazard” by adversely affecting monetary policy and its implementation, and possibly дальше »

2018-6-19 23:06