Tag: digital currency

Reserve Bank of Australia Will not Issue its own Digital Currency No Comments

Cryptocurrency markets are still a problem for most regulators and governments. It is evident this new form of money becomes a very real threat to any financial institution on the market. Reserve Bank of Australia governor Philip Lowe is concerned over this speculative mania surrounding Bitcoin and other cryptocurrencies. Such comments often fall on deaf ears, though, as everyone wants to strike i...


NewsBTC Bank of Canada Digital Currency

Bank of Canada may Issue a National Digital Currency Soon No Comments

Central banks all over the world are legitimately worried about cryptocurrencies. This new form of money can't be regulated nor controlled. Countering this new hype will be difficult unless banks get on board with the program. Bank of Canada thinks now is a good time to research their own digital currency. Although the name remains unknown, they are not the first financial institution to contempla...


Government Cryptocurrencies Won’t be Able to Compete With Bitcoin, Here’s Why No Comments

Governments are attempting to recreate the success of bitcoin and decentralized cryptocurrencies like Ethereum with the development of permissioned ledgers and state-owned digital currencies. Unfortunately, for governments, centralized cryptocurrencies and permissioned blockchain networks will not succeed and ever secure a fraction of bitcoin’s user base for a simple reason: the lack of dece...


NewsBTC Litecoin Core SegWit

Litecoin Shows No Optimism to South Korean Exchange Announcement No Comments

With the digital spotlight being focused on Bitcoin in recent weeks, its smaller sibling Litecoin has fallen by the wayside. Trading has been flat and it has failed to gain traction in either direction, currently sitting around $55 where it has been languishing for the past fortnight. The world’s fifth largest cryptocurrency may be in store for a well-needed lift after a major South Korean ex...


Economics Professor Barry Eichengreen Favours Central Bank Issued Digital Currency Over Decentralised Cryptos No Comments

Renowned Professor of Economics and Political Science, Barry Eichengreen, has declared that he believes decentralised cryptocurrency will "not really" play a part in the future of finance. For the University of California lecturer, it is far more likely that central bank-issued digital currency will be favoured, thanks to the ability virtual currency has to streamline existing financial servic...


Axel Weber on BTC: The High-Finance Bitcoin Bashing Continues No Comments

Bundesbank chairman and former President, Axel Weber, became the latest in the recent spate of voices bad-mouthing Bitcoin. Speaking at a conference arranged by the Swiss Finance Institute earlier today, he expressed scepticism over its feasibility for use as a currency: The important function of a currency is, it's a means of payment, it has to be generally accepted, it has to be a store of valu...


bitcoin, casino, cryptocurrency

Why Bitcoin is Already Impacting Online Casinos? No Comments

So far 2017 has been a good year for Bitcoin, the world's favorite cryptocurrency reached an all-time high of nearly $5,000 per coin. People now realize that the digital currency is here to stay while market experts predict that a single coin could be worth a staggering $600,000 by 2030. One of the distinguishing features about Bitcoin is that it is decentralized, which explains why it's become...


rivetz

Rivetz and Telefonica Partner to Improve Mobile Device Security No Comments

Rivetz Corp. ("Rivetz"), a leading provider of mobile, decentralized security solutions for business customers worldwide, today announced a partnership agreement with Telefonica USA, a subsidiary of Telefonica Business Solutions, leading provider of a wide range of integrated communication solutions for the B2B market of the Telefonica Group. This agreement allows Rivetz to immediately integrate ...


NewsBTC Citi Blockchain Fiat Currencies

Citi Rep Claims Blockchain can Only Succeed Through Digital Fiat Currencies No Comments

Central banks creating digital currencies remains an intriguing concept. It makes a lot of sense to pursue this opportunity, at least on paper. Citi's Morgan McKenney certainly feels there are some exciting possibilities ahead. In fact, she believes the ultimate success of DLT hinges on issuing national digital currencies. That is quite an intriguing statement, although no one knows for sure if th...


Six Major Global Banks Partner up to Bring Utility Settlement Coin to Life No Comments

Several banks around the world show a keen interest in creating a new digital currency. Most of these efforts include the involvement of a central bank. This latest venture by six of the world's biggest banks, however, does not. Instead, it seems the plans for Utility Settlement Coin are still in place. UBS is spearheading this operation and partners with the likes of Barclays, HSBC, and Credit Su...


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