The ECB is Right: Bitcoin Was ‘Spawned’ By the Financial Crisis (Created by the ECB)

Cryptocurrency advocates continue to hit back at fresh criticism of Bitcoin from the European Central Bank (ECB), which on November 15 publicly called it the “evil spawn of the financial crisis.” Cœuré: ‘Lightning May Strike Me’ In a speech at the Economics of Payments IX conference in Basel, Switzerland, Benoît Cœuré, Chair of the Committee […]

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IMF: Crypto Growth ‘Could Create Vulnerabilities’ In Economy

The International Monetary Fund (IMF) briefly cautioned on the impact of cryptocurrency as part of a new report on global finances. Report Highlights ‘Sources Of Risk’ The body’s World Economic Outlook, highlighting “challenges to steady growth” going forward, suggested a relationship between cryptocurrency usage and the economy becoming more “vulnerable.” “Cybersecurity breaches and cyberattacks on […]

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‘Central Bank Digital Currencies Could Destabilize the Global Economy’ Says Bank for International Settlements (BIS)

Nikita Blows · March 13, 2018 · 9:30 pm While the central banks of some countries are hoping to be a part of the virtual currency revolution, the Bank for International Settlements (BIS) is concerned about the repercussions of going digital. A cashless society is definitely the way of the future, a future that some […]

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