Posts Tagged
‘World Bank’

One month after a startling reversion by the G-20 finance ministers and central bankers, who during their latest meeting in Baden-Baden dropped a decade-long tradition of rejecting protectionism and endorsing free trade, pressured by Trump’s delegate Steven Mnuchin, the IMF has done the same, and according to a communique from the IMF’s steering committee released […]

This week will be dominated by the first round of the French presidential election on Sunday. With the number of undecided voters remaining high, four candidates look set to fight for the two places in the second round on 7 May. On the data side, following China’s strong economic report, attention will focus on US […]

Global stocks extended the longest winning streak since September, with Asia up 0.8% and Europe rising 0.7% while bonds and credit markets strengthened amid hopes that the European Central Bank will prolong quantitative easing, while optimism an Italian bailout of Monte Paschi will prevent European bank contagion, has pushed European financial stocks higher. US equity […]

Aside South Africa, Kenya and to some extent the Federal Republic of Nigeria, Bitcoin doesn’t seem to be penetrating other African countries. Many have attributed it to lack of infrastructure and ignorance of the digital currency. Godwin Bush, Director of Operations at PmCedis Capital, an Accra based Bitcoin Exchange, spoke to Cointelegraph about the future […]

Oct 12, 2016

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by: admin

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Tags: Bitcoin, Nigeria, South Africa, World Bank

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Categories: Crypto Currency, Economy

A country with a high-rate of the unbanked, a large informal economy and a tumultuous history of inflation sounds like a perfect scenario for Bitcoin and cyrpyocurrencies to thrive. However, a quick glimpse on Bitcoin-related groups on social media shows otherwise. The Bolivian Bitcoin community is yet to take off. Unbanked majority The majority of […]

Sep 30, 2016

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by: admin

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Tags: Argentina, Bitcoin, Brazil, Inflation, Venezuela, World Bank

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Categories: Crypto Currency, Economy

Canada’s central bank, the Bank of Canada, and five other Canadian banks (like a growing number of banks around the world) are experimenting with blockchain technology and a possible digital dollar as the growing demand for digital fintech payment systems puts the squeeze on the traditional banking sector. At a recent IMF/World Bank conference hosted […]

Bitcoin could be used as a means for economic liberty, since it is easy to use, secure and reliable for merchants. It is not only used as a world currency, but also as a savings asset. It is the ‘one last economic fortress’. Cryptocurrencies go where big banks won’t trouble to go, but could the […]

Jun 27, 2016

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by: admin

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Tags: Bitcoin, Blockchain, Ethereum, World Bank

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Categories: Banking, Crypto Currency, Economy

U. K.-based Bitcoin startup Caricoin recently announced the launch of a Bitcoin wallet for the Caribbean. The wallet has been developed in partnership with Palo Alto-based blockchain security company BitGo. According to a press release by the company, the wallet will provide a mobile money solution to users in the Caribbean where access to traditional […]

Jun 20, 2016

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by: admin

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Tags: Bitcoin, Blockchain, Money, World Bank

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Categories: Crypto Currency, Economy

When Satoshi Nakamoto released the Bitcoin white paper in 2008, little did Bitcoin’s creator know that less than 10 years later, Federal Reserve Chair Janet Yellen would be encouraging central banks around the world to take a closer look at the benefits of Bitcoin and blockchain technology to improve the world’s financial systems. In her […]

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