DEPENDING ON WHO you ask, blockchains are either the most important technological innovation since the internet or a solution looking for a problem. The original blockchain is the decentralized ledger behind the digital currency bitcoin. The ledger consists of linked batches of transactions known as blocks (hence the term blockchain), and an identical copy is stored on…
The cryptocurrency represents amazing technological advances. But bitcoin has a way to go before it's a a true replacement for, or even adjunct to, the global financial system. BITCOIN IS A digital currency. Like other currencies, you can use it to buy things from merchants that accept it, such as Overstock.com, or, as is more often…
European Central Bank (ECB) board member Yves Mersch has said that banks should “segregate” their dealings in cryptocurrencies from other activities, Reuters reported May 14. Reuters quotes Mersch as raising concerns over the high volatility of crypto markets, emphasizing that digital tokens “do not qualify as money,” and that their issuers, as well as dealers, exchanges, banks,…
The Commission is determined to ensure that current EU rules don’t impede blockchain growth | Asif Hassan/AFP via Getty Images In February, the Commission will unveil recommendations to help the fintech industry grow across the bloc. Better late than never. In early 2018, the EU will make a big push to promote the fast-moving financial…
Esej koji obrađuje konceptualne osnove Bitkoina, njegovu istorijsku ulogu i odnos sa klasičnim monetarnim sistemom. gost autor: DANILO BACKOVIĆ - 29. DECEMBAR, 2017. Bitkoin, banke i suverenost individue Kratak dijalog o dva monetarna sistema sveta napisan u čast petstogodišnjice kačenja Luterovih “95 teza” na vrata crkve Svih Svetih u Vitenbergu. Šta je Bitkoin i ko…
Bitcoin's stunning rise was one of the big stories of 2017, and it's set to divide opinions further this year. The digital currency's price soaredmore than 1,300% last year, easily outgunning the returns from many traditional financial assets like stocks, bonds and gold. But while bitcoin has gained greater mainstream acceptance in recent months, it still has…
The pieces which most caught our readers’ attention IN 2017 our readers were less single-minded than last year, when Brexit and the rise of Donald Trump dominated not only the news agenda but also our list of most-read articles. Though our analysis of Mr Trump’s shameful reaction to the violence at a far-right rally in…
They raise difficult legal questions Nov 11th 2017| NEW YORK “I’M GONNA make a $hit t$n of money on August 2nd on the Stox.com ICO.” Written in July on Instagram, these words made Floyd Mayweather, a boxer, the first big celebrity to endorse an “initial coin offering”, a form of crowdfunding that issues cryptographic coins,…
The financial industry hasn't fully warmed up to blockchain, but widespread adoption is coming. In the financial arena, blockchain is still immature and remains an area littered with prototypes and pilots. That was the general consensus among panelists at “Blockchain in Finance: Pioneering applications,” a recent discussion examining the challenges pioneers of blockchain are facing…
What type of technology would you use if you wanted to create a central bank digital currency (CBDC) i.e. a national currency denominated, electronic, liability of the central bank? It is often assumed that blockchain, or distributed ledger technology (DLT), would be required; but although this could have some benefits (as well as challenges), it may not…
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