Brazil’s Central Bank President Calls Bitcoin a Pyramid Scheme
Over the past few years, we have seen many different opinions regarding Bitcoin. Some see it as the future of money, whereas others claim it is a pyramid scheme …
Tag: Central Bank
Russia’s Third-Largest Clearinghouse Warned Due to ICO Involvement
Most cryptocurrency enthusiasts are well aware that the Bitcoin situation in Russia is very complicated at best. That is anything but surprising, given the wide spectrum of actions and opinions on …
World’s Largest Central Bank Warns Not to Ignore the Bitcoin Trend
For the longest time, central banks ignored Bitcoin and cryptocurrency. Then, most of these institutions issued warnings advising individuals not to invest in Bitcoin. Over the years, these messages lost …
Russian Central Bank Isn’t Ready to Legalize Cryptocurrency Just Yet
In an unsurprising turn of events, Russia’s central bank has issued a warning about cryptocurrency ICOs. Given the fact that other countries around the world have done the same, that …
Bitcoin can Become a new Foreign Reserve Currency for Governments
Governments all over the world are dealing with dwindling foreign currency reserves. China is an excellent example of how the government and central bank have been forced to spend …
Egyptian Pound Expected To Lose 50% Of Its Value Over Next 24 Hours
Quite a few countries are on the verge of a major financial collapse right now. Egypt is one of these countries, as they face a very difficult decision. Keeping …
British Pound Sees Lowest Exchange Rate Values in 31 Years
People who have been keeping a close eye on the financial sector may have noticed that there is one very worrisome trend right now. Despite what financial experts may …
Nigerian Central Bank Revokes Nearly All Money Transfer Licenses
Nigeria is a country dealing with a lot of financial problems for some time now. Money transfers, such as remittance solutions, have always made life a bit more bearable …
Federal Reserve Is Powerless Against A New Recession
There are a lot of eyes on the Federal Reserve right now. Many financial experts assume the interest rates will increase again later this year. But at the same …