[ad_1] (Bloomberg Opinion) — With mainstream investment products increasingly finding a second home on the blockchain, it’s a good time to ask what role central banks would play if everything they have learned while policing double-entry bookkeeping over the last 350 years becomes irrelevant. The techno-anarchist vision behind cryptocurrencies like Bitcoin was to free the financial wellbeing of individuals from the clutches of…
[ad_1] WHEN OFFERED a Boeing 747 by the government of Qatar to replace Air Force One, President Donald Trump responded: why not? Only someone dumb would turn down free money. No presidency has generated so many conflicts of interest at such speed in modern history. Yet the worst self-dealing in American politics is found not…
[ad_1] By SinĂ©ad Carew and Marc Jones NEW YORK/LONDON (Reuters) -Global equities were slightly higher on Thursday, with Wall Street outperforming, while the dollar and Treasury yields also gained after the United States and United Kingdom outlined a trade deal, fueling hopes for compromises with other countries. Cryptocurrencies were also bolstered by the U.S.-UK trade…
[ad_1] Then there is the theft of cryptocurrency. As we report in our new podcast series “Scam Inc”, so-called pig-butchering cons play on legitimate crypto owners’ naivety and emotional vulnerabilities. John Powers, boss of Hudson Intelligence, in New Paltz, New York, says many of his clients have lost tokens worth north of $100,000—and in some…
[ad_1] Cryptocurrencies slid as fears over a selloff in US equities eclipsed President Donald Trump’s recent efforts to buttress the industry. Bitcoin fell more than 3% on Tuesday morning in Asia while second-ranked token Ether dropped as much as 6% to $1,756, an intra-day low not seen since October 2023, according to data compiled by…
[ad_1] If any other owner of a cryptocurrency platform had announced a national reserve of cryptocurrencies, howls of protest over conflict of interest would have rent the air. When President Donald Trump declared that the US would create a Bitcoin reserve and a separate crypto stockpile, his fan base took it as a move to…
[ad_1] This unilateral action spelt the end of the 1944-instituted Bretton Woods system, which had been set up in the wake of World War II to stabilize international finance and encourage global trade. It worked by pegging the dollar to gold as part of an international system of fixed exchange rates with all settlements in…
[ad_1] Jio Platforms Ltd, a unit of Reliance Industries, has reportedly launched a reward token dubbed JioCoin on the Ethereum layer 2 network Polygon. However, there is no official announcement about JioCoin, but many users noticed the mention of thereward token on JioSphere, a browser available for both iOS and Android-based devices. In a post on social media…
