The ECB says Bitcoin Is “On the Road to Irrelevance”

The ECB says Bitcoin Is
Before we get into the ECB Bitcoin story, couple of things to say – 1.) Yes, I know this is ‘old’ news, I am catching up and sharing what i have spent this weekend reading about & 2.) Don’t shoot the messenger 🙂 As regular followers know, I’ve been ‘offline’ for a while and am ...

Pros and Cons of a Central Bank Digital Currency by Christine Lagarde

Pros and Cons of a Central Bank Digital Currency by Christine Lagarde
The “Winds of Change: The Case for New Digital Currency” speech at the Singapore Fintech Festival last week by Christine Lagarde (IMF Managing Director) was pretty dramatic. The “crypto-world” are salivating the prospect of a digital currency that is backed, even endorsed, by the an organisation such as the International Monetary Fund (IMF) and the ...

What the Bank of England Really Thinks About Cryptocurrencies 1

What the Bank of England Really Thinks About Cryptocurrencies
Last week the Bank of England Governor. Mark Carney, talked to some students at Edinburgh University about the Future of Money. The speech hit the headlines last week because Mark describing cryptocurrencies as a failure, that needed to be regulated. Its investors were described as fools, while at the same time Mark Carney recognised the ...

My Notes From The Satoshi Nakamoto Bitcoin WhitePaper 1

Bitcoin has been pretty crazy lately, at the weekend even my Mum asked me about the decentralised cryptocurrency. Anyway, it got me thinking about the origins, and how it all began. So i turned to the bitcoin whitepaper – Bitcoin: A Peer-to-Peer Electronic Cash System – published 9 years ago by Satoshi Nakamoto in November 2008. For ...

The Yin and Yang of Bitcoin 2

The Yin and Yang of Bitcoin
Over the last couple of days the infographic If Only You’d Invested in Bitcoin has been shared many times. And that is of course because the price of Bitcoin has gone crazy from approximately $1000 USD at the beginning of 2017 to just under $20,000 USD today. If you had invested about $100 in Bitcoin ...

The Difference Between Bitcoin, Ethereum, Ripple & Litecoin 4

The Difference Between Bitcoin, Ethereum, Ripple & Litecoin
Okay, you may have noticed recently a lot of hype and press coverage around Bitcoin. It has been pretty phenomenal, last weekend even my Mum asked me – “what is this Bitcoin malarkey?” Also, last week that Deutsche Bank released a paper titled: Cryptocurrencies and blockchains – their importance in the future. It’s a good read, and ...

7 Goldman Sachs Predictions For The Future 2

Over the last few days there has been extensive coverage of the Goldman Sachs predictions for the future. The predictions were sent in a Emerging Theme Radar research report, titled “Themes, Dreams and Flying Machines”, to clients on Wednesday. From a finance and technology perspective the most heavily discussed of the Goldman Sachs predictions has been their ...

Bitcoin Explained For a Kid and a Grandma 5

Alright, first things first – until fairly recently I admit that I was totally bamboozled by bitcoin, virtual currencies, decentralised ledgers and the difference between a blockchain and a block. Everyone in the financial services industry (literally) is talking about these buzz words and concepts such as mining so for me it was important to understand what ...

Why Europe Is Not Ready For Virtual Currencies Like Bitcoin 3

The EBA, European Banking Authority, has been watching Virtual Currencies (VC) since September 2013. In December 2013, the EBA publicly highlighted various concerns due to the risks associated with unregulated virtual currencies. A few days ago on 4th July, 2014 the EBA went further and released an EBA Opinion on Virtual Currencies. In this publication ...