Tag Archives: BIS

Bitcoin Cash Price Analysis: To $400 or $70 Depends on BCH Price Reaction at $230 and $150

Latest Bitcoin Cash News Recently, a high ranking official with the Bank of International Settlement said Bitcoin is an “evil spawn of a crisis”. In yet another incident, the General Manager of the same bank, Agustín Carstens, said Bitcoin was masquerading as a currency and it was a Ponzi scheme, a bubble and an environmental disaster. Lambasts didn’t… Read More »

BIS Reports 70% of Central Banks Are Studying Cryptocurrencies

A new report published by the Bank of International Settlements (BIS) shows that the majority of central banks are studying central bank digital currencies (CBDC). However, most of them are unlikely to issue any type of digital currency in the near future.  CBDC ‘Unlikely’ in The Short Term BIS published the results of a new survey on central… Read More »

BIS: 70% of Central Banks Involved in CBDC Research, Only Several Have Concrete Plans

A new report published on Jan. 8 by the Bank for International Settlements (BIS) has found that seventy percent of central banks worldwide are conducting research into central bank digital currency (CBDC) issuance. However, concrete plans for implementation and motivations vary considerably across contexts. The BIS is an organization based in Switzerland made up of 60 of the… Read More »

European Central Bank Exec Calls Bitcoin the ‘Evil Spawn of the Financial Crisis’

Executive Board member of the European Central Bank (ECB) Benoit Coeure considers Bitcoin (BTC) to be the “evil spawn of the [2008] financial crisis,” Bloomberg reports Nov. 15. Coeure reportedly made his acid remarks at the Bank for International Settlements (BIS) in Basel. The BIS’ general manager Augustín Carstens has likewise previously made a spate of crypto-skeptical remarks,… Read More »

It’s Not Money! ‘Bank for Central Banks’ Slams Bitcoin [Again]

Advertisement Twitter Facebook LinkedIn Contrary to the notion among many crypto enthusiasts that bitcoin is a speculative investment with major upside potential, a stakeholder in the legacy financial sector has rubbished the value attached to digital assets, describing them as mere software algorithms with no utility. The verdict was given by the general manager of Bank for International… Read More »

BIS Report Finds Strong Link Between Crypto Prices and Regulators’ Actions

A new report published by the Bank for International Settlements (BIS) has found a strong correlation between crypto prices and news of regulators’ interventions. According to the report published September 23 by BIS – an organization based in Switzerland made up of 60 of the world’s central banks – cryptocurrencies retain close links to news of regulatory actions… Read More »

Cryptocurrency Prices Highly Correlated to Regulatory Action: Central Bank Report

Advertisement New research has found that, despite the popular idea that cryptocurrencies operate generally outside the reach of national regulators, regulatory actions still have a huge impact on crypto markets. The research is presented in a report by the Bank for International Settlements (BIS), an organisation owned by 60 of the world’s central banks from countries cumulatively making… Read More »

Regulation News Moves Bitcoin Prices, BIS Report Says

A new report from the Bank of International Settlements (BIS) contends that bitcoin markets are swayed by news events related to regulation. “While cryptocurrencies are often thought to operate out of the reach of national regulation, in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions,” argues the report, which was drafted… Read More »

BIS Backtracks in New Report: Cryptocurrencies ‘Do Not Pose a Global Financial Stability Risk’

The Bank of International Settlements (BIS) has issued a new report, outlining that cryptocurrencies, at the given moment, do not pose a global financial stability risk, directly contradicting previous statements made earlier this year by this ‘central bank of central banks.’ Headlines Impact Price According to the newest study on cryptocurrencies released by BIS, cryptocurrencies’ valuations are broadly… Read More »