Tag Archives: Currency

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16. Speaking during a panel he was heading, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai, said that hurdles to digital currency becoming mainstream remained in lack of public […]

Jack Dorsey Hopes Bitcoin Will Become The Web’s ‘Native Currency’

Jack Dorsey Hopes Bitcoin Will Become The Web’s ‘Native Currency’

Is bitcoin destined to become the default currency of the Internet? At least one well-known business executive – Jack Dorsey, the CEO of Square, who previously predicted bitcoin’s future dominance back in March – hopes that’s the case. Dorsey, who is also CEO of Twitter, sat down with Elizabeth Stark of Lightning Labs at CoinDesk’s Consensus 2018 […]

Twitter CEO Says Bitcoin Will Become World’s ‘Single Currency’ Within A Decade

Twitter CEO Says Bitcoin Will Become World’s ‘Single Currency’ Within A Decade

Jack Dorsey, the CEO of both Twitter and payment service Square, has said that he sees Bitcoin(BTC) as the world’s – and Internet’s – single future currency, The Times reports today, March 21. Dorsey believes that Bitcoin’s leading emergence will take “probably over ten years, but it could go faster”: “The world ultimately will have a single currency, the Internet will […]

As Bitcoin Goes Over $10,000, Analyst Makes Big Predictions For 2018

As Bitcoin Goes Over $10,000, Analyst Makes Big Predictions For 2018

Unrepentant cryptocurrency bull Tom Lee predicts Bitcoin will reach $25,000 in 2018 and $125,000 by 2022. Aggressive Predictions For Bitcoin’s Future Tom Lee was the first major Wall Street analyst to cover Bitcoin and has remained bullish about the cryptocurrency market since. In his latest report, Fundstrat Global advisor’s head of research called for some high numbers in […]

Can Bitcoin Claw its Way Back to Being a Payment System?

Can Bitcoin Claw its Way Back to Being a Payment System?

The header of the Bitcoin white paper defines the digital currency as “A Peer-to-Peer Electronic Cash System.” However, a deeper look into what Bitcoin has become, and where it has come from, shows a very different picture. Users have flooded to the cryptomarket, usually through the gateway that is Bitcoin, for its possibilities as a store of value […]

Bitcoin Mining Wastes Energy? What If That’s a Good Thing?

Bitcoin Mining Wastes Energy? What If That’s a Good Thing?

I am frustrated by the debate over whether or not bitcoin is an environmental disaster waiting to happen. No one seems to know what assumptions to use. Depending on what efficiency ratios we assume for currently operating ASIC mining rigs, they’re either consuming 35 terawatt-hours per year, the equivalent of Denmark, or something far less, closer perhaps to Bolivia. […]

Finance Bigwig Mohamed El-Erian Says Bitcoin Is a Commodity

Finance Bigwig Mohamed El-Erian Says Bitcoin Is a Commodity

Bitcoin cannot be considered a currency, one of the world’s most prominent financial commentators and institutional investors said. Mohamed El-Erian told CNBC that currencies normally serve as a store of value, but that they must be predictable and stable to work as a medium of exchange. El-Erian, who is currently the chief economic advisor at the […]

Philly Fed Chief: Bitcoin Has Little Chance of Thwarting Monetary Policy

Philly Fed Chief: Bitcoin Has Little Chance of Thwarting Monetary Policy

Bitcoin and other cryptocurrencies are unlikely to weaken the Fed Reserve’s influence on the U.S. economy. That’s according to the president of the Federal Reserve Bank of Philadelphia, Patrick Harker, who issued the new remarks on the second day of a fintech event hosted by his organization, one of 12 regional institutions that today comprise […]