India’s Finance Ministry is keen to legitimize cryptocurrency transactions in India, while industry bodies are working towards generating awareness on Bitcoin as a trading and investment asset.
Agustín Carstens, general manager of the BIS – known as the bank for central banks because it is where they hold accounts – condemned bitcoin as “a combination of a bubble, a Ponzi scheme and an environmental disaster”. Central banks must clamp down on bitcoin and other cryptocurrencies to stop them “piggybacking” on mainstream institutions and becoming a “threat to financial stability”, the head of the Bank for International Settlements has warned.
Digital currencies such as bitcoin will be in the spotlight again on Tuesday as lawmakers in the US Senate question top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class.
In a few weeks, Coinbase will offer their customers an update on Bitcoin SegWit which is expected to improve transaction capacity of the Bitcoin network.
About 8 percent of virtual bank accounts for cryptocurrency trading have been converted to real-name bank accounts, a week after the Korean government ended anonymous trading of cryptocurrencies, industry sources said Tuesday.
The payment processors VISA and MasterCard have reportedly reclassified customers’ cryptocurrency purchases as “cash advances,” leading to an extra 5% fee on purchases of virtual coins made via credit card.
Bitcoin and other cryptocurrencies all peaked at roughly the same time; they’ve since declined in tandem as well. That’s a bad sign for when market consolidation occurs, according to Goldman Sachs’ head of investment research.
BNSF Railway, a major U.S. freight railroad network owned by Warren Buffet’s Berkshire Hathaway, has become the latest member of the Blockchain in Transport Alliance (BiTA).
Disclaimer. This article/email is for informational purposes and should not be considered investment advice. Statements and financial information on Nami web/email and Nami related sites do not necessarily reflect the opinion of Nami and should not be construed as an endorsement or recommendation to buy, sell or hold.
While we aim at providing you all important information that we could obtain that may include certain information taken from exchanges and other sources from around the world, readers should do their own research before taking any actions and carry full responsibility for their decisions.Trading and investing in digital assets like cryptocurrencies is highly speculative and comes with many risks. Past performance is not necessarily indicative of future results.
Nami may provide links to third-party websites, including social networking websites. Since we do not control third-party sites and are not responsible for any information you may provide while on such sites, we encourage you to read the privacy policies on those websites before providing any of your information on such sites.