Auto Added by WPeMatico

IMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed

A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest…

Continue ReadingIMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed

Lebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils

Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and…

Continue ReadingLebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils

Former Fed Chair Alan Greenspan Says Decreasing Supply of Greenbacks Makes the US Dollar a ‘Better Store of Value’

On Nov. 2, 2022, the American economist and 13th chairman of the U.S. Federal Reserve, Alan Greenspan, published an opinion editorial that says he envisions a monetary “tailwind” for the…

Continue ReadingFormer Fed Chair Alan Greenspan Says Decreasing Supply of Greenbacks Makes the US Dollar a ‘Better Store of Value’

Report: Turkey’s September Gold Imports up by 1,700% as Individuals Swap Falling Lira With the Precious Metal

Turkey’s gold imports of just over 39,000 kilograms in September 2022 are more than 16 times the quantity that was brought into the country in September 2021. The surge in…

Continue ReadingReport: Turkey’s September Gold Imports up by 1,700% as Individuals Swap Falling Lira With the Precious Metal

Cryptocurrency as Money — Store of Value or Medium of Exchange?

**The following article was written by Kristoffer Mousten Hansen and Karras Lambert and published on September 28, 2022. Cryptocurrency as Money — Store of Value or Medium of Exchange? was…

Continue ReadingCryptocurrency as Money — Store of Value or Medium of Exchange?

Uber CEO Says Firm Will ‘Lean Into Crypto’ When It Becomes ‘Environmentally Friendly,’ Less Expensive to Transact

Speaking in an interview on Friday, Uber CEO Dara Khosrowshahi explained that the company will accept cryptocurrencies “at some point.” Khosrowshahi noted that there were two downsides to leveraging the…

Continue ReadingUber CEO Says Firm Will ‘Lean Into Crypto’ When It Becomes ‘Environmentally Friendly,’ Less Expensive to Transact

Gold Miner Says Investors Prefer Hedging Against Inflation With Gold, Not Crypto

The CEO of a Canada-headquartered gold mining company, Mark Bristow, has insisted that gold currently has little downside risk. He also highlighted the precious nature of the metal and how…

Continue ReadingGold Miner Says Investors Prefer Hedging Against Inflation With Gold, Not Crypto

Ethereum Might Dethrone Bitcoin as Best Crypto Store of Value, Study Argues

A recent paper authored by members of several universities, including Sydney and Macquarie, argues that recent changes in Ethereum monetary policy are making it a better store of value than…

Continue ReadingEthereum Might Dethrone Bitcoin as Best Crypto Store of Value, Study Argues

Botswana Does Not Have Regulatory Framework for Crypto — Central Bank

The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in…

Continue ReadingBotswana Does Not Have Regulatory Framework for Crypto — Central Bank

Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and…

Continue ReadingDigital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says