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Economist and academic John Vaz believes Bitcoin (BTC) still faces stiff competition from Facebook’s troubled Libra project.Vaz told Cointelegraph that Bitcoin has scaling challenges in terms of payments and was used disproportionately as a vehicle for speculation. By contrast he said Libra has been purpose-built to scale as a payments
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After a dramatic stock market crash, the Trump administration is trying to distance itself from the dip on Wall Street. Larry Kudlow spoke to reporters on Friday and claimed the government does not control the economy. This comes just two weeks after President Trump blasted Barrack Obama for stealing
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Speculation creates congestion on the blockchain that harms a cryptocurrency's utility and overall value, a senior economist at the Bank of England (BoE) has said. Peter Zimmerman, who has been a senior economist at the U.K. central bank since 2007, argued in a working paper published Friday that speculation undermines
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Mainstream financial entities are beginning to see Bitcoin (BTC) as a non-correlated asset, a concept Morgan Creek Digital Co-founder Anthony Pompliano has been promoting for over a year. “If Bitcoin is not likely to correlate to economic factors, or to traditional equities and fixed income securities, then Bitcoin could serve
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Digital currencies have gained prominence over the last few years, although such options will not budge the U.S. dollar from its seat of prominence, according to chief economist International Monetary Fund (IMF) Gita Gopinath.“Improvements in payment technology may have lowered the cost of switching from cash to digital payments,
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The chief economist at the International Monetary Fund (IMF) has said digital currencies are not about to challenge the U.S. dollar's pivotal role in global trade. In an op-ed for the Financial Times on Tuesday, Gita Gopinath, who took over as the IMF's chief economist in January 2019, wrote that
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Chainalysis’ chief economist sits down with Daniel Kuhn to talk about how to bring crypto out of the cybercrime ghetto. Source
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A widely-followed economist says suppressing bitcoin price can kill the cryptocurrency. Research supports this assessment as retail traders still dominate the market share. The strong correlation between bitcoin and Google searches point to the vulnerability of retail traders to price manipulation. Alex Kruger, an economist and trader, took to Twitter to share his
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An economist of the Bank for International Settlements (BIS) has proposed new ways of supervising financial risks through distributed ledger technology (DLT).In a recently released working paper, economist Raphael Auer made the case for so-called embedded supervision, which would automatically monitor tokenized markets. This would purportedly eliminate the need
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