Central banks moving ‘cautiously’ towards digital currencies January 8, 2019 Around 70 per cent of central banks are researching how to use digital currencies, according to the Bank for International Settlements (BIS), however they are “proceeding cautiously” with plans. Almost a quarter of the 63 survey participants have or will soon have the authority to issue a central bank digital currency (CBDC), the research found. [...]
Crypto A.M. Shines its Spotlight on FreeMark: Inventing Better Money September 11, 2018 Plunging exchange rates can cost exporters their shirts. Sterling versus the US dollar can vary sometimes 7% in a month, or 2% in a day. Businesses and individuals can lose big chunks of their profits—even make a loss. Exporters must therefore hedge transactions in order to survive in the global economy. With more and more [...]
Bitcoin bubble? Cryptocurrencies more popular investment for millennials than shares and bonds December 14, 2017 Cryptocurrencies such as bitcoin are set to become a more popular investment for millennials than traditional shares and bonds by the end of next year, new research reveals. One in three of those aged between 18 and 35 said they would invest in cryptocurrencies over the next 12 months – 11 per cent definitely and [...]
Bitcoin demand is not causing a “mass exodus” from gold, Goldman Sachs says December 12, 2017 Bitcoin’s meteoric rise this year has not stifled demand for gold, Goldman Sachs has argued. Commodities investors have feared bitcoin’s rocketing value would take the shine off gold, but Goldman said investors in gold and bitcoin had key differences. For one, gold investors who use exchange-traded funds (ETFs), futures or commodities indices are automatically covered [...]
Bitcoin price (BTC) rocketing is spurring people to mortgage their home to buy cryptocurrency December 12, 2017 And the bitcoin craze continues… So eager are people to get in on the latest trend they are taking out mortgages on their homes to buy up the rocketing cryptocurrency, according to one US regulator. Read more: Bitcoin is in serious danger of becoming very boring People are borrowing cash against their home for bitcoin, [...]
Bitcoin in Santa slump: Prices plummets to $12,500, capping a big week of losses December 22, 2017 Bitcoin plummeted overnight and with a fresh fall shortly after 7am prices fell as low as $12,500. The cryptocurrency has lost around a third of its value since hitting all-time highs of almost $20,000 earlier this week. Bitcoin slumped to $13,078 shortly after 3am, according to Coindesk, before regaining ground. Then in a fresh dive [...]
Warren Buffett thinks bitcoin will “come to a bad ending” as Berkshire Hathaway boss wades in on cryptocurrency craze January 10, 2018 The so-called Oracle of Omaha has become the latest high-profile investor to weigh in on bitcoin – as he gave an indication of his succession plans by promoting two potential heirs. Warren Buffett, the cherry Coke-swilling boss of investor Berkshire Hathaway, said “with almost certainty” that cryptocurrencies “will come to a bad ending”. During an [...]
Nouriel Roubini interview (Part I): Expect a ‘synchronised slowdown’ in 2019 April 2, 2019 When Nouriel Roubini talks, it’s worth a listen. Not known for his optimism, the well-known American economist bears the moniker ‘Dr Doom’. CFA Institute spoke to him to get his take on topics including the prospects for global growth and technologies. CFA Institute: When you spoke to us in 2015, roughly six years after the [...]
Bitcoin price (BTC) swings wildly in another rollercoaster day of trading November 30, 2017 The price of bitcoin swung back and forth by hundreds of dollars today after the infamously volatile cryptocurrency yesterday surpassed $11,000 for the first time. The rollercoaster ride began last night when bitcoin dropped by as much as 20 per cent after it notched an all-time high as some of the top online exchanges experienced [...]
Bitcoin (BTC) threatens to fall below $12,000 – but which month delivered the best returns? December 31, 2017 Bitcoin fell to a near four-week low yesterday evening, threatening to dip under the $12,000 (£8,900) barrier for the first time since 5 December. But despite making big gains in the last three months of 2017 and rocketing to all-time highs in mid-December, savvy bitcoin investors made their biggest monthly gains much earlier in the [...]