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Shall we start discussing V.BLOC Global Blockchain tech

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6 years 4 months ago #119547 by GoldnBoy
GoldnBoy replied the topic: Shall we start discussing V.BLOC Global Blockchain tech
Monday, November 27, 2017

FRANKFURT, Germany -- Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble.

But it keeps them awake at night because these private currencies threaten their control of the banking system and money supply, which could undermine the monetary policies they use to manage inflation.

With bitcoin smashing through the $8,000 level for the first time this week after a 50 percent climb in eight days, they are also worried they will be blamed if the market crashes.

This is why several central banks are advocating regulations to impose control. Others are even looking at whether to introduce their own digital currency and are testing payment platforms.

"The problem with bitcoin is that it could easily blow up and central banks could then be accused of not doing anything," European Central Bank policymaker Ewald Nowotny told Reuters.

"So we're trying to understand whether bank activity in relation to cryptocurrency trading needs to be better regulated." ...

uk.reuters.com/article/uk-bitcoin-cenban...n-edge-idUKKBN1DR0MG

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6 years 4 months ago #119452 by GoldnBoy
GoldnBoy replied the topic: Shall we start discussing V.BLOC Global Blockchain tech
Bloomberg News
Wednesday, November 15, 2017

This is exactly what the bitcoin futures naysayers have been warning about: One of the exchanges which CME Group Inc. would use to price the contracts is having serious issues.

Clients of San Francisco-based Kraken are seeing slow responses from the website, connection timeouts, and delays in withdrawals, the cryptocurrency exchange said in a statement late Tuesday. "We are investigating these issues and working to resolve as quickly as possible," the statement said.

Problems in the fifth-biggest exchange by bitcoin trading volume come just three days after Seoul-based Bithumb's servers crashed as a sudden surge in usage caused a connection failure. The issues raise concerns about whether largely unregulated exchanges, without the safeguards of securities bourses, will be able to reliably provide prices for indexes tied to futures and exchange traded funds, and cope with higher trading volume that could come if institutional investors start buying cryptos. ...

... For the remainder of the report:

www.bloomberg.com/news/articles/2017-11-...itcoin-exchange-that ...

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6 years 4 months ago #119351 by WealthyPlumber
WealthyPlumber replied the topic: Shall we start discussing V.BLOC Global Blockchain tech
Thursday, November 2, 2017

www.bloomberg.com/news/articles/2017-11-...itcoin-exchange-adde ...

The eye-popping surge in bitcoin this week is paying dividends for one of the biggest U.S. online cryptocurrency exchanges.

Coinbase Inc. added more than 100,000 users in the last 24 hours in the wake of the CME Group Inc.'s announcement Tuesday that it plans to introduce bitcoin futures by the end of the year. That's according to data collected by Alistair Milne, a portfolio manager at the Altana Digital Currency Fund. The number of users of the online wallet function offered by Coinbase has more than doubled since the beginning of the year, according to stats on the companys website.

As with the more than sevenfold increase in the price of bitcoin to more than $7,000 this year, new customers may be wise to proceed with caution. Coinbase's GDAX platform drew scrutiny from the Commodity Futures Trading Commission last month over the June 21 flash crash that erased most of the value of ether, the second-largest cryptocurrency, in a matter of milliseconds.

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6 years 5 months ago #119194 by GoldnBoy
GoldnBoy replied the topic: Shall we start discussing V.BLOC Global Blockchain tech
Thanks, great find, gives a much better idea what they plan to do. Probably a good idea to invest and diversify in numerous companies in the sector

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6 years 5 months ago #119094 by yanisofia
yanisofia created the topic: Shall we start discussing V.BLOC Global Blockchain tech
Here is one report that provides a bit more info.

globalblockchain.io/static/Global_Blockchain.pdf
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