Tag Archives: mark carney

The Bank of England cuts interest rates by half. The country’s Health Minister Nadine Dorries tested positive for coronavirus.The Bank of England (BoE) today announced that it has unanimously agreed to cut the interest rates by half to a hit 0.25%, in order to support bank lending. The move to cut rates was due to the huge negative impact caused by the coronavirus which has spread from China to other countries, especially the developed economies.In a statement, the Bank of England wrote,...

French Finance Minister Bruno Le Maire said on Friday that Paris, Rome, and Berlin will join together in the effort of blocking Facebook’s new digital currency Libra in Europe.This is not the first time Le Maire is showing his hate towards cryptocurrencies. Last month, when he spoke about Libra, he said that this kind of technology, developed by the social media giant “causes serious concerns and therefore its operation cannot be authorized for use on European soil.”He added that the Libra...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 729. Heute geht’s um folgende Themen: Ripple investiert in größte Bitcoin-Börse Mexikos, Englischer Zentralbank-Chef verteidigt Facebook Libra & Libra Association unterzeichnet Charta in Genf. 1.) Ripple investiert in größte Bitcoin-Börse Mexikoshttps://www.btc-echo.de/ripple-investiert-in-groesste-bitcoin-boerse-mexikos/ 2.) Englischer Zentralbank-Chef verteidigt Facebook...

Even as the U.S. Congress bites down hard on Facebook and the social media giant’s grand plans of issuing its own digital currency, a recent event has corroborated the general idea that the problem with the Libra might not be the fact that it’s a digital currency itself, but that it’s being issued by Facebook. This is because, two Rep members have revealed concerns about the inevitability of digital currencies in the near future, suggesting that the United States should start getting used to...

Sometimes it’s good to remind ourselves how far crypto has come. Central bankers are now being forced to publicly defend the dollar as the global reserve currency against the rise of cryptocurrency.Fed official defends the dollar from Carney’s crypto threatLast month, Bank of England Governor Mark Carney argued the case for a Libra-esque cryptocurrency to replace the dollar as the world’s reserve currency.His words triggered former Federal Reserve official Simon Potter, who was forced to...

It seems Facebook’s woes are starting to mount as the European Central Bank (ECB) revives plans to create its own digital currency in direct competition to Libra and bitcoin. Yet another Libra challenger steps up to the plate. This time, it isn’t China’s incipient central bank digital currency (CBDC) but instead a newly proposed CBDC from the ECB. According to Reuters, speaking at a news conference after a meeting of EU finance ministers in Helsinki, ECB board member Benoit Coeure noted that...

It seems that France decided to go rigorous on Facebook’s Libra by entirely blocking the development of it. When Facebook announced their Libra project in June this year, they called it a “global currency and financial infrastructure powered by a version of blockchain – the technology that underpins Bitcoin”.However, a lot of governments were really against even the idea and France was the harshest of them all. French Finance Minister Bruno Le Maire then called out on Libra saying it...