National Government Digital Currencies Versus Globally Distributed Cryptocurrencies: in Depth

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. As society starts to move away from cash, central banks’ potential to reap profits off issuing that cash could be threatened. Many governments are worried about the mass adoption of cryptocurrencies and hence are considering the merits of creating a central bank digital currency (CBDC). Central banks have woken up to the risks cryptocurrencies can pose to policy makers’ bread-and-butter business: the economy. Hence the debate about the pros…

Early Bitcoin Investor Reveals Which Cryptocurrencies He Would HODL Or FODL | CNBC

Ran Neu Ner, ONchain Capital Founder, discusses regulation and the impact it could have on cryptocurrencies. Should investors buy in here? » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News…

Legal Framework For Cryptocurrencies Comes Into Force

A regulatory framework for cryptocurrencies has come into effect by royal decree in Thailand, the Bangkok Post reported Sunday, May 13.  The 100-section law, published yesterday in the country’s Royal Gazette, defines cryptocurrencies as “digital assets and digital tokens,” and brings them under the regulatory jurisdiction of the Thai Security Exchange Commission (SEC). The Bangkok Post quotes Thai Finance Minister Apisak Tantivorawong as saying that the new measures are not intended to prohibit cryptocurrencies or Initial Coin Offerings (ICOs). The Finance Minister’s position reiterates that of the country’s SEC, which…

Banks and Cryptocurrencies Global Evaluation: Africa

Bitcoin and blockchain tech are ripe for mainstream adoption in Africa, where the population is well positioned to embrace the innovative technologies as alternatives to the expensive and/or outdated banking systems scattered across the continent. Lack of economic infrastructure paired with inadequate financial education has left a large portion of Africans without bank accounts or basic monetary means. However, in many countries the proliferation of smartphones has allowed access to alternative financial services which have become a dominant means of payment, especially among the high proportion of millennials. Bitcoin’s appeal…

Bitcoin Price Fails to Test $10,000 Once Again, Alternative Cryptocurrencies Drop

Join our community of 10 000 traders on Hacked.com for just $39 per month. Bitcoin price has failed to secure momentum in the $10,000 region and has fallen by more than $400 over the past 24 hours, Alternative cryptocurrencies (altcoins) and tokens have followed the price trend of bitcoin, dropping in the range of 5 to 20 percent. Where Does Bitcoin go From Here Analysts were optimistic in regards to the price trend of bitcoin, given that the bitcoin price increased from $6,500 to $9,900 within three weeks, supported by…

Cryptocurrencies Are ‘Highly Speculative Investment Vehicles’

UBS chairman Axel Weber has stated that Switzerland’s largest bank will not offer its customers trading in Bitcoin and other cryptocurrencies, reported Cointelegraph auf Deutsch May 3.  Weber called for stricter controls on cryptocurrencies, stating “[t]hey [cryptocurrencies] are often not transparent and, therefore, open to being abused,” in a speech in Basel Messe, Switzerland. According to the chairman, virtual currencies are at best “highly speculative investment vehicles,” and at worst they “facilitate the financing of terror, money laundering, and other criminal activities.” In his view, cryptocurrencies do not have the…

Blockchain Capital’s Spencer Bogart: What Goldman’s Bitcoin Bet Means For The Cryptocurrency | CNBC

Spencer Bogart, Blockchain Capital partner, discusses Goldman Sachs opening a trading desk for cryptocurrency and how it could impact price of cryptocurrencies. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC…

‘Dr. Doom’ Slams Cryptocurrencies, Says ‘Talk Of Decentralization Is Bulls**t’

Economist Nouriel Roubini sharply criticized cryptocurrencies on a panel at the Milken Institute Global Conference yesterday, Bloomberg reported May 2. Roubini said that “all this talk of decentralization is just bulls**t.” Panelist Bill Barhydt, who has worked on cryptography for the CIA , responded,“I don’t even know where to begin.” Roubini has become known in some circles as “Dr. Doom” for his canny prediction of the 2008 Financial crisis. He proceeded to censure cryptocurrencies, arguing that digital coins are not a store of value, and face scalability issues in comparison…

Eurasian Economic Union Discusses Cryptocurrencies and Blockchain

Join our community of 10 000 traders on Hacked.com for just $39 per month. The five-member nations of the Eurasian Economic Union (known officially as EAEU) are trying to figure out how they should leverage cryptocurrencies and blockchain, the technology behind bitcoin, to improve their economies. Eurasian bankers and scientists discussed these topics in Moscow last week at a conference jointly hosted by the Eurasian Economic Commission, the Interstate Bank, and the Financial University under the Government of the Russian Federation. Potentially Huge Impact On Eurasian Economy Tota Kaliaskarova, the…

Banks And Cryptocurrencies Global Evaluation: Americas

The US Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo said he doesn’t see comprehensive crypto legislation coming from the federal level in the near future, CNBC reported April 30. Earlier this day, the US Securities and Exchange Commission (SEC) Commissioner Robert Jackson called the initial coin offerings (ICO) market a prime example of an unregulated securities market vis-a-vis the issue of consumer protection in ICOs. These statements can be read as another sign of the inevitable future regulation of cryptocurrencies. A common trend seems to show that there’s no…