Cryptocurrency Analysis and News Portal
The Bank of England, or BoE, is broadening its assessment of digital currencies, including evaluating how these assets could form the basis of a “new monetary order.”Andy Haldane, the Bank’s chief economist and sitting member of the Monetary Policy Committee, gave a speech on Wednesday at the TheCityUK 10th Anniversary Conference.
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As technological innovations continue to spread across Africa, the continent could provide some unique use cases for blockchain technology. African has been continually driving innovation in a number of spaces, with mobile payments a prime example of the potential for technology to drastically improve the lives of everyday Africans.While many
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A reading of Kenneth Rogoff’s latest piece on the strange reality of the dollar’s global status. On this week’s edition of Long Reads Sunday, NLW reads former IMF chief and current Harvard economist Kenneth Rogoff’s latest Op-Ed, “The Calm Before the Exchange Rate Storm” in Project Syndicate. Source
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A wide-ranging conversation about the state of macro, why central banks can’t really do anything and why private markets are leading the future of money. Raoul Pal is CEO and co-founder of Real Vision, a platform fundamentally disrupting macroeconomics and financial media. In this wide-ranging conversation, he and NLW discuss: Hot takes on
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A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices. Our main discussion: interest rates and the undermining of American resilience. In this discussion, NLW looks at a number of artifacts of the low
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The economic events seen throughout 2020 have helped Bitcoin secure its position as both a currency and a store of value.To thwart the effects of immense economic turbulence resulting from the ongoing pandemic, central banks across the globe have been printing money at an unprecedented pace.This has placed many fiat
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The Saudi Arabian Monetary Authority (SAMA) has distributed cash to local banks over blockchain. On Monday, the central bank announced it had deposited “part” of a recent banking sector liquidity pump through “blockchain technology” after injecting 50 billion riyals ($13.3 billion) into local banks on June 1. At the time, SAMA said
Read MoreWhat needs to happen for Bitcoin (BTC) to cement its role in the public eye as a valid investment option?"Time," Aleks Svetski, CEO and co-founder of Bitcoin investment platform Amber, told Cryptox in an email. "This is NOT a technological revolution," he clarified, adding:"It’s a monetary revolution - which takes (traditionally)
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The Official Monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking and economic policy, announced the launch of its Digital Monetary Institute earlier this month.The Institute intends to build bridges between the worlds of digital currencies and traditional banking, and has a focus on payment
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Bitcoin (BTC) is a compelling investment case “for patient, long-term investors” willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes.The crypto entrepreneur places BTC besides gold, as a go-to store of value, amid unprecedented stimulus spending by
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