Tag Archives: currency

NYU’s ‘Dean of Valuations’ Says Bitcoin Is a Currency, Not an Asset

Aswath Damodaran, a professor of finance at the NYU’s Stern School of Business, has expressed his belief that bitcoin is a currency rather than an asset in a new blog post. Often referred to as Wall Street’s “Dean of Valuation,” Damodaran asserted in the post: “I don’t believe cryptocurrencies are now or ever will be an […]

Bitcoin pioneer points to its ‘shortcomings’ and is creating a new digital currency

Jeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as blockchain, has seen its shortcomings firsthand. So he decided to create a better digital currency. He’s calling it Metronome and says it will be the first that can jump between different blockchains. For example, […]

Bitcoin news: Prince Alwaleed warns currency is ‘Enron in the making’ | World | News

The Saudi business mogul criticised the cryptocurrency’s lack of regulation and warned it was “Enron in the making” – a reference to the 2001 financial scandal in which investors lost billions of dollars. His comments come as new research revealed a flood of new hedge funds investing exclusively in digital currencies have opened in the […]

Government-backed Chinese Conference Asserts Bitcoin’s Adoption as Actual Currency Would Be Disasterous

On October 12, in Beijing, the First Workshop on Standards for Digital Fiat Currency (DFC) for Universal Finance Access was held by International Telecommunication Union (ITU) and the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS). Also involved were the People’s Bank of China (PBoC), the Institute of Digital […]

Russia may soon issue its own official blockchain-based currency, the CryptoRuble

Russia will issue its own official cryptocurrency, the CryptoRuble, capping months of speculation about the country’s approach to the technology. While in a way it indicates an embrace of the likes of Bitcoin and Ethereum, the CryptoRuble is unlikely to share the truly decentralized nature of other coins. The news, first reported by CoinTelegraph, cites […]

PBoC Digital Currency Chief Calls for State Cryptocurrency

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The head of the People’s Bank of China’s (PBoC) Digital Currency Research Institute has called for the Chinese central bank to adopt a government cryptocurrency to help bring stability to its fiat currency. As reported by regional news source Yicai, Institute Director […]

PBOC Director of Digital Currency Research Institute Advocates State-Issued Cryptocurrency

Regulation The Director of The People’s Bank of China’s (PBOC) Digital Currency Research Institute, Yao Qian, has announced his determination that the issuance of a state-owned digital currency is necessary in order to “fundamentally guarantee the market position of… [China’s] currency”, as reported by Chinese media outlet, Yicai. Also Read: Virtual Currencies Expected […]

Get serious about digital currency, IMF Christine Lagarde says

It’s time for the world’s central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund. Global financial institutions are taking risks by not watching and understanding emerging financial tech products that are already starting to shake up the financial services and global payments system, according to […]

PBoC Digital Currency Director Calls for Centralized State Cryptocurrency

China may not recognize bitcoin as a legal currency, but it seems to have a clear vision for a state-issued alternative. At a meeting hosted by the International Telecommunication Union this week, Yao Qian, the Director of the Digital Currency Research Institute under the People’s Bank of China, reportedly boasted about the potential of a state-owned digital […]

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