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Online German news site, €uro am Sonntag, interviewed Bundesbank board member Carl-Ludwig Thiele who revealed the European Union has no plans to issue a state-backed cryptocurrency. He also goes on to agree with the idea that bitcoin was a direct reaction to the 2008 financial crisis, and how “our currency, the euro, is essentially based … Read more
Chinese cloud-based solutions service, Seven Stars Cloud Group, Inc. (SSC), announced this week its 27 percent purchase stake of US crypto blockchain exchange Delaware Board of Trade Holdings Inc. (DBOT). SSC is owned and run by entertainment mogul Bruno Wu, who many analysts believe is trying to get in on the near-half a trillion cryptocurrency … Read more
French Finance Minister Bruno Le Maire announced on Sunday December 17th that the next Group of 20 (G20) meeting would include discussion about how to regulate the world’s most popular cryptocurrency, bitcoin. The digital asset hasn’t ceased in making news all year, and European politicians appear more concerned in direct proportion to its price increase, … Read more
Twenty-four hours ago the decentralized cryptocurrency bitcoin and its US$300Bn market capitalization just surpassed the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $291Bn). Also read: Cayman Investment Forum Focuses on Rise of Bitcoin and Failing Dollar Bitcoin’s Market Valuation Outpaces the IMF’s Special Drawing Rights Reserves Bitcoin’s value has grown immensely in 2017 outperforming … Read more
