Tag: Fiat Money

European Central Bank: ‘No Plans’ for Digital Currency, Cash Demand Growing

The European Central Bank (ECB) has “no plans” to subject its personal digital currency, President Mario Draghi told the European Parliament Wednesday, September 12. Addressing a question by MEP Jonás Fernández, Draghi stated “substantial development” was nonetheless wanted within the underlying know-how behind cryptocurrencies earlier than the Central Bank would think about using them. “The […]

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Mt. Gox Opens Online Rehabilitation Claim Filing System for Corporate Users

Now-defunct Japanese Bitcoin (BTC) change Mt. Gox has prolonged its on-line rehabilitation declare submitting system to company customers, based on an official announcement posted on the change’s web site as we speak, September 12. Today’s announcement follows upon a web-based system for particular person (non-corporate) customers that was released August 23, permitting them to file […]

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Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes

The U.S. Congress Subcommittee on Terrorism and Illicit Finance has mentioned varied strategies of terrorism financing with cryptocurrency, in accordance with an official press release on the U.S. House of Representatives Financial Services Committee September 7. In order to watch threats and strategies of terrorist financing, the listening to thought of main technique of transferring […]

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Goldman Sachs Investment Strategy Group: ‘Crypto Mania’ a Risk to Stable 2018 Outlook

Bitcoin (BTC) and “unsteady cryptocurrency mania” would be the only one of six variables which sabotage Goldman Sachs 2018 market standpoint, based on some July 2018 report from the Goldman Sachs Investment Strategy Group. The report entitled “(Un)Steady as She Goes,” highlights “cryptocurrency mania” as one of many variables that could influence their first market […]

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Platform to Allow Users to Spend Metal-Based Crypto Using a Debit Card

A new financial system is planning to conquer the “severe price volatility” that has generated cryptocurrencies unappealing to utilize as tender — producing two primary digital monies that are based on silver and gold. Kinesis claims that these monies — called KAU and KAG — are all predicated one-to one-on-one allocated physical silver and gold. […]

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