Bank of England Moves Closer to Negative Interest Rates, Surveys Banks’ Readiness
The Bank of England has moved closer to adopting a negative interest rate policy. The central bank has asked commercial banks in the U.K. to provide details of how...
Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin
Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion...
Op-Ed: Why You Should Hold Bitcoin Over Government Fiat?
The Bank of England governor-designate earned himself a place in Bitcoiners’ hall of shame alongside Peter Schiff and Warren Buffett. Bitcoin has “no intrinsic value,” he said. Anyone who...
BoE Governor Mark Carney Proposes World Cryptocurrency
Governor of the Financial institution of England Mark Carney put ahead the concept of changing the U.S. greenback with a central bank-issued cryptocurrency like Fb’s Libra.
Carney Proposes The Artificial...
A Short History of Major Fiat Currency Collapses and What Triggered Them
Earlier this year we witnessed a mini flash crash that hit the fiat currency markets. It took approximately seven minutes for the Australian dollar to plummet against the Japanese...
Bank of England Adds Support for Central Bank Digital Currency
The latest voice adding to the chorus of support for a digital currency is that of Sarah John, the Bank of England’s chief cashier. She says it is “crucial”...
Bank of England Governor Warns Cryptocurrencies Won’t Last
The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will last. Talking about the design, governance, and arrangements of “a lasting digital currency,” the...
