Posts Tagged
Digital Currency
Cryptocurrencies: Will Central Bankers Board the Train?
Two weeks ago, in December, the Bitcoin price plummeted. Within just 9.5 hours, the cryptocurrency lost more than ten percent. And eventually it dropped 17 percent on the virtual floor within 48 hours.
THE POSSIBLE CAUSE: A single Japanese insider sold his bitcoins in large quantities. With his corresponding…
Bitcoin Now Worth More than all UK Pound Sterling in Circulation
AS Small Business Prices is reporting, the value of all Bitcoin in circulation has now exceeded the value of all UK Pound Sterling banknotes and coins in circulation, effectively becoming the 6th most valuable currency by this metric:
“The current value of all Bitcoins ($180 billion) is greater than…
Why Governments Want a Central Bank-Issued Digital Currency
WHY DO central banks, which already fully control the issuance of currencies, need to bother with their own digital currencies?
Well, this question is both interesting and important. To answer it, we need first to understand some basics, the Digital Currency 101:
Unlike Internet banking and third-party…