Tighter control of Bitcoin & altcoins needed
THE Bank for International Settlements (BIS) has issued a stark warning to central bankers.
“Authorities must be prepared to act against the invasive spread of cryptocurrencies,” said BIS general manager Agustín Carstens. “They … Read the rest
Bankers fear that Bitcoin and altcoins hide illicit activities
CRYPTOCURRENCIES are likely to remain on the financial landscape, despite regulation.
The market capitalisation of Bitcoin and altcoins (alternative cryptocurrencies) has surged to $557 billion from only $25 billion at the … Read the rest
Combination of QT – slower money growth and higher interest rates- will cut consumer spending this year- Hoisington
Quantitative tightening (QT) i.e. tighter money, rising interest rates, low savings and high debt, could confound optimistic economists.
This is the view … Read the rest
Investors are buying more gold as they fear bitcoin, cryptocurrency dangers.
THE bursting of the bitcoin cryptocurrency bubble is a key reason why gold has risen. The price has jumped by 8 per cent from US$1,235 an ounce to US$1,335 … Read the rest