Tag: central banks

A Weekly Series Of Essays About The Language Of Bitcoin by Alex McShaneLingua Contra ImperiumThe Language of Bitcoin: 2TL;DR - The government has pulled us into the deep waters, financially, to keep us vulnerable. Vulnerable people have the highest time preference, because they have the most future uncertainty. We’ve gone from a society that proudly claims to protect and nurture...

Despite what appearances suggest, the best of Bitcoin is yet to come.When I discovered bitcoin some years ago, I thought I was woefully late to the party. In retrospect it’s obvious how hilariously wrong I was. Like Jon Snow, I knew nothing. Most of the price action, technological development, geopolitical consequences —all this was still ahead of me. And as years go...

The distributors of evil have arisen from the fires of hell and seek to destroy all in their path.Central banks are a fundamental reality of the modern world, but it was not always so. The Bank of England (BoE) was founded in 1694, the first modern central bank. The BoE was born directly from the monetary overreach of the Stuart monarchs. Their...

Central banks of Singapore and France are developing a digital coin interoperability system that will support various global CBDCs. The Financial authorities of both countries are seriously exploring the CBDCs cross-border applications. CBDC...

The proposed authoritarian evolution of centrally issued digital currencies takes the world closer to dystopia.Central Bank Digital Currencies (CBDCs) have received increasing interest since Facebook’s failed launch of Libra and China’s recent announcement that they are moving forward with...

Recent comments from officials at two of the world’s largest central banks indicate growing acceptance that bitcoin is the future.Last week, spokespeople from two of the world’s largest and most significant central banks, Robert Kaplan of the Federal Reserve and Lo Bi of the People’s Bank of China (PBOC), provided insight into their views on Bitcoin and how the central banks currently...

The window of opportunity for investors to cash out to fiat is expected to be between three-to-six months.

The Central Bank of Nigeria has ordered its national banks and all other financial institutions to close customer accounts linked to cryptocurrency use. Crypto Is Prohibited in Nigeria For the first time, a...

The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.

A Short Introduction To What Influences Money Supply In The Modern Economy It’s undeniable — the world runs on money. This thought is ingrained in all of us and we all understand it deeply. This is evident by the fact that we spend vast amount of hours every day in order to attain more of it. In the Bitcoin space, we constantly see...

01/Nov/2008: A pseudonym of unknown nationality sent an email carrying word of Bitcoin, a peer-to-peer, electronic cash system with no trusted third party. The New York Times 02/Dec/2008: “U.S. Recession began last December, economists...

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here...

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here...

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The European Central Bank (ECB) and the United States are seriously analyzing issuing central bank digital currencies (CBDCs). Two of the largest economies in the world are analyzing […]

Speaking at the annual ECB Forum on central banking, heads of the three central banks said that they are actively exploring the idea of a CBDC. Some predict it will end private stablecoins, like...

Some central banks have started selling gold again after 10 years as some gold-producing nations are looking to take advantage of high prices. Due to the effects of the coronavirus pandemic on the economy, some central banks have started selling gold at near-record prices. Selling at $1,875 per ounce, the price of gold has dropped by 9.63% over the last few months. It...

Federal Reserve Chairman Jerome Powell has stated that a central bank digital currency (CBDC) could improve the current payment system in the United States but that there also potential pitfalls to address as well. Jerome Powell made this assertion during the International Monetary Fund (IMF) panel discussion on cross-border...

Japan-based LINE, a popular messaging app, has disclosed its intention to introduce a blockchain platform centered on central bank digital currency development. According to Chosun, a South Korean newspaper, Line Corporation will help central banks who want to produce digital currencies through the use of its own CBDC...