Category Archives: Banking

Please Don’t Hurt Us! BIS Report Proves Central Bankers Fear Bitcoin

For years, the cryptocurrency market has been buffeted with projections and predictions of doom. We are constantly told that any day now, bitcoin and all its progeny will collapse into the nothingness from whence they came, or something to that effect. These statements and pronouncements have even been famously compiled into a live timeline of obituaries written by commentators who range from strongly skeptical to completely clueless. Continue reading Please Don’t Hurt Us! BIS Report Proves Central Bankers Fear Bitcoin

Crypto is Worthless, Fails Basic Financial Tests: Bank of England Adviser

Legacy banks are not worried about crypto because it has no value and fails the fundamental tests of financial services. That’s the assessment of Huw van Steenis, the senior adviser to Bank of England Governor Mark Carney. Continue reading Crypto is Worthless, Fails Basic Financial Tests: Bank of England Adviser