Andrew Haldane, Bank of England’s (BoE) chief economist, shared a surprising personal opinion after giving a talk at one UK college. While answering various questions from the audience, he said that Bitcoin could replace cash. This was first shared in a Reddit thread started by a student who attended Haldane’s talk.
One of the biggest obstacles to cryptocurrency adoption is the fact that not too many retailers currently accept it. Crypto enthusiasts dream of a world where crypto is used more as a currency and less as an investment. Unfortunately, there are barriers for businesses that would otherwise adopt crypto. These include a steep learning curve and hardware expenses.
The “world’s largest” crypto mining service for business-to-business companies will be available in the near future. This ambitious project is the scope of a recent strategic partnership between Argo Blockchain and HIVE Blockchain. The two companies have entered into conditional heads of terms. Thus, no money will be exchanged in the transaction. Instead, the companies will swap shares between each other.
Germany is one of the leading economies in the European Union. Now, it wants to become the hotspot for blockchain companies and token trading. According to a local newspaper Handelsblatt, the ruling coalition government of the country plans to adopt clear regulations for tokens. This will happen as early as this summer.
Stocks tumbled earlier this week as the US-China trade war escalated again. Meanwhile, Bitcoin continued the climb that started earlier this spring. CNBC initially made the connection and suggested causality.
Cryptocurrency is famously volatile. It seems like every day since the launch of Bitcoin there is a new altcoin. So, how do you keep track of it all?
Digital assets will feature higher in the investment portfolio of various institutional investors. These are the findings of a recent survey by US-based Fidelity Investments.
Tom Lee, finance expert and head of research at Fundstrat Global Advisors, has good news for Bitcoin enthusiasts. He believes that the crypto winter is over and digital currencies, particularly Bitcoin, will start surging in value. He supports his bullish attitude on eleven signs included in a recent report published by Fundstrat.
In what feels like ancient history, money was made of gold. In more recent history, money simply represented gold. With countries increasingly moving off of the
gold standard, how will we measure value? To be clear, this is a trend that predates the rise of cryptocurrencies. We were asking these questions well before crypto came along. However, a new report asks how cryptocurrencies like Bitcoin fit into this question.