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Tag: Bank of England

Bitcoin Steadies as Bank of England Suddenly Cuts Rates to 11-Year Low

The United Kingdom’s central bank has followed the Federal Reserve in suddenly cutting interest rates — by the most since 2009. As various news...

India Ban Overturned, BTC Owners Warned They’ll Lose Everything, Hodler’s Digest, Mar. 2–8

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes,...

Central Banks Are Exploring Blockchain — but For Their Own Reasons

Despite the interest shown in decentralized ledger technology by central banks, cryptocurrencies continue to be mistrusted by the traditional financial system. This has...

Switzerland’s Crypto Valley Association Head Says CBDC Is a Good Idea

In an exclusive interview with Cointelegraph, Crypto Valley Association President Daniel Haudenschild said that central bank digital currencies are “the next logical stage.”Haudenschild...

BoE Governor-Elect Torches Bitcoin, Says It Has No ‘Intrinsic Value’

Andrew Bailey, the Governor-elect of the Bank of England, has joined the ranks of global financial policymakers who believe that Bitcoin isn’t a...

Time for Crypto-Fame: Dirty Banknotes Could Spread Coronavirus Warns WHO

The World Health Organisation (WHO) has sent a warning across the globe that banknotes may be spreading the new coronavirus, so people...

Bank of England Warns Crypto Adoption May Impact Credit Creation

Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the...

Speculation Undermines Crypto Prices and Utility, Says Bank of England Senior Economist

Speculation creates congestion on the blockchain that harms a cryptocurrency's utility and overall value, a senior economist at the Bank of England (BoE)...

Japan Investigating Digital Yen

In response to pressure from China, reports coming out of Japan claim that senior members of Japan’s Liberal Democratic Party want to create...

84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan

The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency....

 BoE Economist Gives Nuanced Explanation of Bitcoin’s “Digital Gold” Problem  

Peter Zimmerman, a senior economist at the Bank of England (BoE), has voiced his opinion on Bitcoin and the limitation its volatility poses. In...

The digital money revolution is already here, and banks and credit card companies have reason to be nervous

While Bitcoin is inarguably one of the most consequential computer science innovations in a generation, ushering in the blockchain revolution, it may be...

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