Britain started investigation on cryptocurrencies to assess their benefits and risks

February 22, 2018 8:32 pmComments Off on Britain started investigation on cryptocurrencies to assess their benefits and risks
Britain started investigation on cryptocurrencies to assess their benefits and risks

Britain started investigation on cryptocurrencies to assess their benefits and risks, which will later be included in their regulatory framework. The British Financial Committee will investigate the impact of bankruptcy and other similar payment facilities on banks and consumers by exploring whether cryptocurrencies could become a replacement for conventional currencies. In the words of Nicky Morgan, chairwoman of the committee, the MPs will also look at how to maintain the […]

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Litecoin rose by 10% after hard fork

February 21, 2018 8:12 pmComments Off on Litecoin rose by 10% after hard fork
Litecoin rose by 10% after hard fork

The virtual currency Litecoin rose by 9.25% to 245.33 USD after hard fork, which split it on two coins. Litecoin reported a 55% rise in price for the past seven days as a result of the upward trend in the market, which recovers after losses in January. Litecoin is the fifth largest cryptocurrency. The split of the virtual currency happened on Sunday and led to the creation of a Litecoin […]

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The European Central Bank has on obligations to regulate the Bitcoin

February 14, 2018 6:57 amComments Off on The European Central Bank has on obligations to regulate the Bitcoin
The European Central Bank has on obligations to regulate the Bitcoin

The European Central Bank (ECB) has on obligations to regulate the Bitcoin, according to the governor of the financial institution Mario Draghi, who again warned about the risks related to the volatile digital currency. Increasingly, calls have been made by the authorities, including central banks, to exercise control over the digital currency market, which has seen significant price movements, including a severe depreciation of a number of crypto-currencies. However, according […]

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The EU finance regulators warned about price bubble in crypto-currencies

February 13, 2018 6:49 amComments Off on The EU finance regulators warned about price bubble in crypto-currencies
The EU finance regulators warned about price bubble in crypto-currencies

The virtual currencies, such as the Bitcoin, show clear signs of a price bubble and customers can lose a lot of money with them, warned the financial regulators from the European Union. The Bitcoin, which is one of the best-known crypto-currencies, has increased its price by nearly 1,000%s in 2017, but has already lost almost half since the beginning of the year amid ongoing calls for increased control over this […]

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Speculations in crypto-currency trade interferes the block-chain innovation

February 12, 2018 10:49 pmComments Off on Speculations in crypto-currency trade interferes the block-chain innovation
Speculations in crypto-currency trade interferes the block-chain innovation

The speculation in crypto-currency trade has a negative impact on experimenting with emerging new technology, according to a senior official of the Monetary Authority of Singapore (MAS). Sopnendu Mohanty, who is Senior Finance Manager at the central bank, said he would not want speculative investments in crypto-currency to destroy the “experimental value” of virtual money, thus hindering the development of innovative block-chain technology. The Singapore central bank is currently developing […]

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