For both those involved in Bitcoin and traditional markets, all eyes have been on the Federal Reserve over the past few months. Many analysts claim that whatever the American monetary authority decides to do with monetary policy will dictate the direction for global markets, and, potentially, the fate of the current fiat economic hegemony.Bitcoin Rally…
Month: August 2019
Alibaba, Tencent, Five Others To Recieve First Chinese Government Cryptocurrency
China’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher.Paul Schulte, who worked as global head of financial strategy for China Construction Bank until 2012, says the largest bank in the…
Australian consortium wants a ‘seat at the table’ in the development of Facebook’s Libra cryptocurrency
Facebook drew plenty of headlines a couple of months ago with the announcement of Libra, its proposed digital currency. Since then, the narrative has largely focused around how many regulatory hurdles the concept will have to clear before it can be implemented. But while there’s a long way to go before the project becomes reality,…
Digital currency can help meet new financial challenges | Opinion | China Daily
Mu Changchun, deputy director of China’s central bank’s payments department, said recently that the People’s Bank of China is working on its own digital currency, which may be launched soon. According to Mu, a centralized management model and two-tier operation system will be used to manage the central bank’s digital currency.The central bank will be…
Zimbabwe should adopt a stable cryptocurrency – Michael Jordaan
Adopting a stable cryptocurrency is not only a future-oriented thing for Zimbabwe to do, but it can also solve many of the country’s currency troubles.This is the view of former FNB CEO and Montegray founder Michael Jordaan, who said a “stablecoin” like Facebook’s Libra may be suitable.Zimbabwe has been struggling with hyperinflation since 2007, with…
What does Facebook really want with Libra cryptocurrency | 08/28/19
With Libra, Facebook wants to establish a valid digital currency worldwide.The reasons for the attack on the cryptocurrency market are interpreted differently by many observers. • Facebook’s Balance is strongly criticized • Libra should be an engine of growth and a guarantor of income in particular • positive social effects as side effects The internet…
World’s First Licensed Crypto Bank Seen As Game-Changer For Switzerland
Authored by Matthew Allen via SwissInfo.ch, The co-founders of Sygnum crypto bank have hailed the award of a Swiss banking license as a game changer that could open the floodgates to the integration of cryptocurrencies and other digital assets into the established financial sector. Sygnumexternal link , along with SEBAexternal link , were awarded provisional…
Cannabis leader Curaleaf pops 6% despite mixed second-quarter earnings
It’s been a tough earnings season for cannabis companies that have reported wider-than-expected losses, but Massachusetts-based Curaleaf was able to buck that trend by selling investors on its big acquisitions setting the company up for growth. Despite reporting a second-quarter loss of 5 cents a share compared to a 1 cent loss expected by analysts…
Nsawam GCB bank locked up over court order
Scores of customers of the Nsawam branch of the GCB Bank Limited have been left stranded at the premises after a court order has caused the bank to be shut down Thursday morning.The shut down order comes after the bank failed to release the Ghc 3.7million account of Global Coin, a defunct money scheme, which…
Manchester’s ‘Man City’ Announces Blockchain Partnership to Tokenize Its Players
Click here to view original web page at www.coinspeaker.com Photo: Manchester City FC Manchester United FC, also known as Man City, one of the top British football teams, announced a partnership with an online gaming startup Superbloke in order to tokenize its players. On Monday, Man City announced its new partnership with an online gaming…