Huw van Steenis, senior adviser to Bank of England (BOE) Governor Mark Carney, said that cryptocurrencies do not pass fundamental financial tests. Is the crypto potential in risk? Van Steenis joined the BOE in 2018, having previously worked at Schroders and Morgan Stanley. He currently directs a review of the…
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Rakuten, Japan’s largest e-commerce store, has reported that it will most likely start accepting payments after the month of April 2019. Rakuten is mostly known as the Amazon of Japan and has at least 50 million users in the country. , which without a doubt, would give a strong impulse…
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Cryptocurrencies are gradually becoming a viable payment option in various markets and jurisdictions. If there is a tool that significantly expands the usability of digital currencies in a world still dominated by traditional payment systems, it is the cryptographic debit card. A growing number of reliable platforms offer the fintech…
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The most important crypto exchange revealed that it had received 18 citation requests from US authorities. Despite being based in Switzerland, the United States government submitted 30 percent of all applications received. A warning to crypto exchange Earlier this month, Kraken, another major crypto exchange, published its transparency report. The…
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The rumors of the death of Bitcoin may have been exaggerated, but the cryptocurrency is undoubtedly in a sickly condition. Little problems At the time of writing, it is quoted at $ 3,591, a fraction of its historic high of almost $ 20,000 in December 2018, as the last rally…
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The Central Bank of South Africa (SARB) has issued a discussion paper assessing the benefits and risks of cryptocurrencies. The paper, which was developed in collaboration with a number of government agencies in the country, was published in an official statement on 16 January. The Government’s statement In the document…
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Recent economic events – such as Britain’s protracted EU Brexit, China’s declining exports, and America’s record-breaking trade deficit – have already begun to fuel fears of a recession in early 2019. However, those who do not get carried away by the illusion believe that the urgency of a Universal Basic…
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It goes without saying that bears weren’t kind to the crypto industry in 2018. The aggregate value of all cryptocurrencies fell like a “falling knife,” as retail investors pulled out of this market en-masse and hype dissipated. Yet, even amid this devastating downturn, which beat this market to hell and…
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Cryptocurrencies are virtual currencies that can be exchanged and operated like any other traditional currency, but are beyond the control of governments and financial institutions. Today there are many varieties of cryptocurrencies and all of them have an application and their own characteristics. Those with greater market capitalization are a…
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Undoubtedly Bitcoin cryptocurrency is already socially accepted. All the media report more frequently on it offering more and more details. No matter how big the interest is, so is the gap between fanatics and Bitcoin skeptics. But do not worry about this strategy as we will focus on seeing if…
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