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China’s Nationwide Blockchain Network BSN Will Launch in April 2020

News China’s nationwide blockchain network, the Blockchain-based Ser­vice Net­work (BSN), will launch in April 2020, six months after it was rolled out for testing. Backed by Chinese government policy think tank the State In­for­ma­tion Cen­ter (SIC), the ambitious project aims to provide a truste..

Senior Financial Regulators: Warn of Crypto Stablecoin Threat to Economy

Over the past three to four years, stablecoins, crypto assets tied to a stable asset (usually the U.S. dollar), have made a strong entree into the blockchain scene. Since their introduction, this subset of crypto assets has exploded, seeing mass adoption across blockchains and by firms across the e..

Federal Reserve President Thinks Debt Could Hamper Economy: Bitcoin as a Hedge

The Great Recession of 2008 hit hard. The stock market plunged by dozens of percent in months — wiping out trillions of dollars worth of wealth across the world — and people lost their homes and livelihoods. Though, in a dramatic fashion, the central banks of the world, namely the Federal Reserve, ..

Economic Dept. of Dubai Unveils Blockchain-Based Business Registry

News The Department of Economic Development in Dubai has announced its move to a blockchain-based unified business registry platform (UBRP). According to a Saudi Gazette report on Oct. 7, the platform aims to improve the ease of doing business in Dubai and enable license issuers to manage trade li..

Germany’s GDP Drop Ignites Fears of Economic Contagion

Germany’s economy shrinks, fuelling risks of a recession and fears of economic contagion throughout Europe. Unfortunately, central banks have limited resources to reduce the effects of broad-based economic decline. Failures of the ‘New Normal’ Over the last ten years, economic stagnation has prevai..

Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide

On Tuesday, August 13, most digital currency prices have dropped in value between 2-5% while crypto trade volumes globally have fallen to $46 billion in the last 48 hours. Despite the downturns across the board, bitcoin cash (BCH) is holding steady, up 2% today and now commanding the fourth largest ..

Feared Run on British Banks Supports Calls For Decentralization

A prominent government minister in Britain has proposed the idea of closing banking institutions in order to mitigate the impact of an unstructured exit from the European Union. Analysts call the proposal ineffective and another reason to support broader arguments for decentralization. Desperation ..

Market Outlook: Trade Wars and Filthy Fiat Battles Fuel Crypto Prices

A slew of digital currencies have gathered decent gains over the last 48 hours and the entire market capitalization now stands at around $308 billion. Moreover, cryptocurrency trade volumes have kicked up a notch, capturing $66 billion in swaps over the last day. Overall, speculators think the recen..

More Signs the Next Big Financial Crisis May Begin in Germany

Germany, the locomotive of Europe’s huge economy, is entering a difficult period, various indicators suggest. And when the Federal Republic sneezes, the Old Continent usually catches a cold. This time, Germany may infect the rest of the world as well. Regulators in the country are busy drafting proh..

FB Libra Would ‘Discipline’ Gov’ts With Weak Economies: Ex Central Banker

News Any country seeing widespread use of Facebook’s proposed Libra digital currency could find that its central bank monetary policy is severely undermined. This is the view of Hiromi Yamaoka, former Bank of Japan executive, who oversaw research into digital currencies for the organization. “The ..

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