Dr. King David-King:
WHAT DOES THE IMF’S REPORT ON DIGITAL MONEY REALLY MEAN?
The great authorities of the world are getting more serious about the potential of the digital economy year by year, month by month. The criticism is still here but is getting weaker as the results and intentions of big market players show a major success.
As a result, on July 15, the IMF published a report called ‘The Rise of Digital Money’ outlining the potential effects cryptocurrencies will possibly have on the current financial system and regulatory environment.
27.02.2019 | in BNT Reviews
Fintech unicorns: the most expensive startups in the world
The report stated that the two most common forms of money today, cash and deposits, will face tough competition and could even be surpassed. There are several scenarios that could play out in the future, from coexistence between digital currencies and traditional money to a possible total digital takeover. The IMF also stressed that policymakers should be prepared for disruption from big tech companies and FinTech startups. This summary couldn’t have passed unnoticed by companies and experts working in the field, as well as by media.
The concept of digital currency is now firmly embedded in the mainstream, a trend that is set to gain increasing traction, stated Nick COWAN, CEO of the Gibraltar Stock Exchange (GSX) Group, and also added:
“It is important to remember that the rise of bitcoin and digital assets has been fueled, in part, due to growing dissatisfaction with the status quo of traditional finance and the associated problems such as transaction delays, unnecessarily protracted processes, and frustrating intermediary fees. As long as these issues are prevalent, the allure of digital currency will be strong.”
15.05.2019 | in Innovations
Bank Of France Is Interested In Stablecoins, Governor Claims
There is some harsh truth in IMF realising that across the globe countries are tackling inflation, expensive remittances, and financial exclusion. Digital currencies, in particular, stablecoins, are being explored by private sector firms with the aim of solving these issues, says Christophe De COURSON, CEO of Olymp Capital, one of the earliest investment fund managers dedicated to the blockchain and digital asset class in Europe:
“It’s becoming increasingly evident that they may succeed, as the report correctly points out — big tech firms and fintech start-ups are experts at delivering convenient, attractive, low-cost and trusted services to a large network of customers.”
Dave HODGSON, Director and Co-founder of NEM Ventures, the venture capital and investments arm of the NEM blockchain ecosystem, said:
“Digital currencies allow for the efficient and cost-effective transfer of value between two parties and aren’t reliant on national borders. This makes them largely resilient to attempts at national control and manipulation, while also removing systemic inefficiencies within the current financial systems, namely with layers of intermediaries. I can receive an Amazon parcel from the USA to Europe, faster than I can remit funds via Swift to pay for them; that’s not good enough.”
The barriers are still here but not for long
23.07.2019 | in Legislation
India Is Just a Step Away From a Total Ban Of Cryptocurrency
The hottest topic on the everyday digital economy agenda is regulation and the authorities which oppose the developments. The IMF report notes that regulation of e-money issuers must be prioritised in order to protect customers and avoid risks to financial stability.
Not only is this growth of digital money causing disruption for traditional financial players but it is also forcing them to take heed of the space, stressed Christophe De COURSON. Meanwhile, Governor of the Bank of France, Francois Villeroy De GALHAU, said that the bank is observing ‘with great interest’ initiatives in the private sector which aim at developing networks within which stablecoins would be used in transactions involving ‘tokenized’ securities or goods and services. The IMF report highlights both the looming reality for legacy institutions and the potential for major disruption from FinTech.
10.05.2019 | in Forecasts
Cisco: 10% of Global GDP Will Be Stored In Blockchains By 2027
The mainstream adoption is imminent of both digital and cryptocurrencies: thousands of young retail consumers selecting challenger banks, largely e-money. Dave HODGSON is sure that this is a direct result of improved service offerings, customer service and price points:
“Several cryptocurrency companies are now starting to cross over into traditional digital money by offering banking (IBAN, Debit card etc) services such as Wirex, Coinbase and Crypterium. It’s also worth noting that in Asia the concept of digital money is well established with services such as Alipay and Wechat.”
Sebastian HIGGS, Director at Vo1t, states that for companies and businesses who make numerous international payments or operate in economies with weak domestic currencies, it may make sense to hold digital currencies, and adds:
“With cryptocurrencies, the friction of moving between assets is already low, and I believe this will disappear almost entirely with the development of interoperability. Depending on whether you need to prioritise cost, privacy, smart contract execution, or even adhering to restrictions imposed by the merchant, digital currencies offer more flexibility to the user and will continue to rival traditional finance.”
So, the IMF acknowledged that digital money has shrugged and ready to conquer the world. Despite all the possible barriers, soon it will be the standard — and for legacy players, it’s better to accept it than oppose it.
TBC IS ALL THE WORLD NEEDS FOR BEST LIFESTYLE AND OVERCOMING THE FIAT SYSTEM. tbcthebillioncoin.com
Extract from the TBC blog by TBC Admin aka Kris Kringle:
PURPOSE OF TBC
Now let’s talk about the purpose of TBC.
Why was TBC created in the first place? I am the Creator of TBC. TBC is my idea. I was born into a poor family within my country. Growing up poor was a real challenge for me.
Eventually, I was able to rise above poverty, I became a Millionaire.
I found that building teams was the easiest way to create wealth on purpose. I also spent an unusual amount of time researching why the world is the way it is; way more time than what the average person would be willing to do.
I courageously faced the truth!
The truth is scary. Once you know the agenda of the Elite, you feel like an ant–almost powerless to do anything about the evils in this world.
We are lead to believe that there are authorities we can count on to bring justice to this world.
Unfortunately, so many of these so called authorities work for the Elite, and many don’t even realize that.
There are many brave info warriors spreading the news about the Elite, and exposing just how bad they are in our world. I truly appreciate the awareness campaigns they run. But awareness won’t change a thing in this world.
A poor person only feels more frustrated the more they become aware of whats going on in this world.
The problem is not isolated to just one country, race, or religion. These evils are pervasive worldwide. Like a disease, the evils at the top of the structures of mankind spread war and crimes throughout the entire body of humanity.
Currently, the people of Earth are in the middle of so many conflicts with each other, they all fail to see the source of all these conflicts. That’s the divide and conquer strategy working very well for the Elite.
Are you able to look passed whatever conflict you may fall in, and see the bigger picture? I hope so!
You need to understand that all conditions are temporary. The condition of your life will either get better or worst depending mostly on the choices you make in life.
I may have been born poor, but I don’t need to die in poverty; its up to me to change that condition–and I did! You can do the same!
With any aspect of your personal life! Consider this, how about changing the level of your personal security?
Who do you trust with your security?
Well, if you only trust yourself, then you are as secure as a single ant standing alone!
Hmmmm… If you are expecting government to take care of your security, at the very least you have set yourself up for great disappointment.
Don’t get me wrong, I’m not anti-government. We need to face the facts, just like the ants in that clip above, we will have more protection if we unite and stand together as one for our security.
Regardless of our nation, race, or religion; we need to come together in one body of protection. All for one, and one for all! There is no need to sacrifice our respective freedoms to gain this security by coming together. In fact, freedoms expand with unity.
Let me make this clear too, I’m not an advocate of one mind and one NWO (New World Order) government. That is the opposite of what I’m talking about. There is safety in numbers.
At this time we have close to 3.3 million Members in TBC, and that is a significant number. We all have been asked to unite around one thing–the Membership Agreement. Yet, some have not understood the importance of that agreement, and have not honored it.
We are cleaning our own house now to remove those dishonest members! Once we fully unite around the Membership Agreement it will naturally result in ABUNDANCE for ALL. Some people are just too impatient to see what we are building and have abused TBC.
Understand this, the PURPOSE of TBC is PROTECTION. In the movie Bugs Life, the ANTS WIN, and they deserved it! We can WIN too!
Not just by the power of unity, but also in the principle of funding our personal security. TBC creates wealth FAST, automatically! TBC will make you RICH and POWERFUL as an individual, and the unity of mass quantities of RICH and POWERFUL people will overtake the agendas of the Elite and spoil them.
Once we reach our goal of uniting one Billion people, the achievement of Ending Poverty will be within our grasp.
Once we complete that mission, we will become an unstoppable force to do good in this world.
As our members become more educated, they will learn how to become sovereign and then everything will change for the better.
So, stand with us, and know that our PURPOSE is that we are here to protect each other, and one day we will become a force of nature to bring goodness into our collective world!
TBC-thebillioncoin IS THE ANSWER TO THE WORLD
History has it that Bitcoin started in the year 2008/2009 and it began to spread around the world.
The growth of Bitcoin acceptance was 5.6million plus in 2017 which is against the 21million expected to be reached.
It took Bitcoin 8years to reach that number, but within that time frame other coins emerged.
TBC came up in 2016 with a divine structure ( To Eradicate Poverty Globally) which pose a threat to Bitcoin, and before our very own eyes, Bitcoin dived into Economy Overnight and it became exchangeable globally.
Now TBC is also witnessing same threat by JP Morgan’s Coin, Facebook Coin, Action Coin and many other coins out there……
The most threatening of them all is Facebook coin.
In view of this developmental Change, TBC is Launching Economy Phase come Nov 30th 2019, that is TBC will be accepted as exchange for goods and services globally.
Another round of wealthy individuals shall spread round the world…
Tbcians shall create more companies, provide more sustainable economy while some will live in unexpected luxury with private jets and more like the Thailand Rice Farmers today.
Now my concern is that TBC is here for you today, get it and keep it save for your nearest future and that of your people, get it and eradicate age long penury from your lineage.
1TBC today is worth over $9.5Million and it is still growing, you can have your TBC/Kringle Coins now because we are still in the distribution stage when you can have access to 1TBC to 1million TBC depending on your purse and your dream for a brighter future.
President Trump and his administration has given TBC Admin a go ahead of operations, simply because he knew we are much in poverty in the world at large, most especially Africa and some Asian Countries.
President Trump is bringing in Gold standard to USA…
TBC is pegged with grain of Gold and individual acceptance, that is why the value of 1TBC is very high. You shall be so rich…. It happened in 2017 and will repeat itself again in 2019.
If you can see aged people or parents living in poverty or roaming the streets now, that should tell you that you need more of God’s wealth.
Take action today and take it now, Never procrastinate your Golden opportunity.
We are now witnessing a tsunami of people joining TBC everyday, the months to come might be hard to get TBC……
REGISTER NOW AT tbcthebillioncoin.com
Top Crypto Markets Report Losses, Bitcoin Hovers Around $11,000
Friday, July 5 — the top-20 digital currencies by market capitalization are trading in the red zone, with only Chainlink (LINK) seeing daily gains, according to data from Coin360.
Market visualization courtesy of Coin360
Bitcoin (BTC) has been trading in a narrow corridor from $11,701 to $10,751 as its highest point during the day. The leading crypto has lost 6.25% over the past 24 hours, and is currently trading at $10,969. In terms of its weekly performance, bitcoin has seen a price drop by 2.73%.
Bitcoin has become less correlated with other cryptos in Q2 2019 due to a potential “flight-to-quality” in the recent bull run, according to a Binance report on crypto correlations released today. Average correlation between bitcoin and all other major crypto assets declined to 0.61 from 0.73 in Q1 2019.
Bitcoin 7-day price chart. Source: Coin360
Ethereum (ETH) has registered smaller losses on the day, with a 1.89% drop, and is trading at around $287.31 at press time. Its weekly chart shows that ETH fell to as low as $274.62 on July 2, while its highest point was $321.68 on June 30, subsequently correcting downwards and then sideways in the last few days.
Earlier today, Justin Drake, an Ethereum 2.0 researcher at the Ethereum Foundation, said that ethereum might decrease issuance ten-fold by 2021.
Ether 7-day price chart. Source: Coin360
Coin360 data indicates that Ripple (XRP) is down by 3.15% on the day to trade at around $0.381 at press time. The altcoin’sweekly performance shows that it has lost nearly 9%, while over the past month it is down by 4.84%.
XRP 7-day price chart. Source: Coin360
On the top-20 crypto list, only LINK is reporting gains, with over 6% up on the day. The coin is trading at around $3.62 at press time.
Total market capitalization of all digital currencies is over $320 billion at press time, up from its intraweek low of around $290.5 billion on July 2. The daily trading volume of all coins is currently around $74.8 billion.
SHARE7 HOURS AGO By Max Boddy
Cryptocurrency Market Trades Sideways as Bitcoin Hovers Shy of $12,000
Market visualization. Source: Coin360
Bitcoin has had a volatile week. Bitcoin was trading at over $13,000 on June 26 and under $10,000 on July 2. Bitcoin is currently trading at just over $11,850, and some analysts think BTC could rally significantly today as it is Independence Day in the United States. Crypto analytics website SFOX reported that holidays in the midst of a bull market tend to spark FOMO, a trend apparently supported by Google Trends data:
“At times when the market is already doing well or improving, holidays have the potential to drive renewed retail interest in buying bitcoin and other cryptocurrencies. That behavior, almost by definition, is FOMO: buying into an asset because one sees it trending upward and wants to benefit from it.”
Bitcoin 7-day price chart. Source: Coin360
Top altcoin ETH is currently trading sideways at around $300. Major cryptocurrency exchange Binance recently announcedthat it was moving off the Omni standard and onto ERC-20 for its Tether (USDT) addresses. The exchange Poloniex also added support for Ethereum-based USDT, citing a cheaper and faster process for transactions and deposits.
Ethereum 7-day price chart. Source: Coin360
Ripple is mostly trading sideways, with some minor losses at press time of approximately 1%. However, XRP has trended down significantly since its monthly highs on June 22 and June 26, seeing approximately a 15% correction from those peaks. XRP is trading just shy of $.40 at press time.
Ripple’s incubatory subsidiary Xpring recently announced that it has dedicated $500 million to XRP projects with since the coin’s inception. The investment group reportedly intends to bolster the infrastructure for XRP, as well as support innovative ripple projects.
XRP 7-day price chart. Source: Coin360
As far as other top cryptocurrencies are concerned, Chainlink (LINK) is continuing to see colossal gains this week. At press time, data from Coin360 shows that LINK is up by 49% over the last 7 days.
As previously reported by Cointelegraph, LINK saw a 26% on-the-day gain on June 28. Coinbase Pro had announced support for the smart contract token on June 27, as well as announcing full trading support for the LINK/ETH pair on June 28.
The total market cap of the top 100 cryptocurrencies is currently $330.4 billion, according to the data provided by Coin360’s summary table.
Meanwhile in traditional markets, gold and oil are trending down slightly as the stock market sees some minor gains, according to data from MarketWatch.
JPMorgan recently announced that it plans to issue a stablecoin by the end of 2019. An executive at the banking giant also said JPM thinks securities are en route to become digital or tokenized, over a span of five to twenty years.
The most basic definition of blockchain is a shared, digitized ledger that cannot be changed once a transaction has been recorded and verified. All parties to the transaction, as well as a significant number of 3rd parties maintain a copy of the ledger (i.e. the blockchain), which means it would be practically impossible to amend every copy of the ledger globally to fake a transaction.
Bitcoin’s success has triggered the establishment of nearly 1000 new cryptocurrencies, leading to the delusion that the only application of blockchain technology is for the creation of cryptocurrency.
However, the blockchain technology is capable of a lot more than just cryptocurrency creation and may support such things as transactions that require personal identification, peer review, elections and other types of democratic decision-making and audit trails.
GREATEST BREAKING NEWS EVER IN THE WOLRD OF BANKING AND FINANCE, RESISTING BANKS DEFEATED
Who can say again that Donald Trump has not been made president of the World for a purpose to foster Business and Good Productive Governance , At the World Economic Forum holding in Tokyo-Japan , the G-20 (The 20 Most Powerful Economic Nations in the World) have finally approved Crpyto Currency as Tradable Assets like any other existing Currencies , The Banks have been fighting this for so long but the breakthrough finally came yesterday at the G20 Summit at the World Economic Forum 2019. All Banks will eventually join the digital drive or go off the Business Platform, I now understand why a Nigerian Bank wanted to Buy 1 Billion Action Coins Last Month but their request was rejected this might have been probably because they got this info ahead of time. For the First Time the CEO of Action Coin in Canada was so happy and increased the monthly Salary of Brand Ambassadors Worldwide 4 Times. This is one of the greatest breakthroughs ever in the World of Finance, soon the Fiat Currency you see will disappear for it will be faced out progressively. All those who hold crypto like Action Coin , Bitcoin etc are already Millionaires with respect to the Amount of Coins you hold, the value will rise now so fast because many will scramble for Coins, those who have cooperating parents or relatives or friends this is the best time to purchase enough Coins , soon Coins will be very expensive and hence Scarce. It took me so much time today to digest this breaking news but it is all working for good and skeptics will cry as it has always been the case, BUSINESS INVESTMENT is a risk worth taking.
Invest in TBC today tomorrow may be too late