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Posts Tagged ‘Currency’

The New World Reserve Currency Will Invariably Be Bitcoin, Says Max Keiser

In his first New Year show, Max Keiser looks at what an increasingly de-globalized, de-dollarized world could mean for Bitcoin. Swift Decline For The Dollar One catalyst for the erosion of the US Dollar hegemony is likely to be the development of alternatives to SWIFT. The global financial interbank communication network is becoming increasingly politicized and weaponized. US…

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Crypto Investment Platform Secures Seed Funding from Peter Thiel, Digital Currency Group

Venture capitalist and PayPal co-founder Peter Thiel has invested in cryptocurrency investment platform Layer1, according to a press release published Dec. 19. San Francisco-based Layer1 has concluded a $2.1 million seed funding round backed by such industry players as Thiel, crypto-focused venture capital company Digital Currency Group, and American investor and Protégé Partners founder Jeffrey…

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70% of Respondents Prefer Being Gifted Money in Digital Currency, Survey

The vast majority of respondents to an ongoing United Kingdom central bank Twitter survey, posted Dec. 17, said they would prefer to receive a gift of money in digital currency. Screenshot of the Bank of England’s Twitter survey. Source: Twitter The Bank of England’s survey asks participants to choose their preferred way to receive money…

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Leading Japanese Shipping Line to Introduce Its Own Digital Currency

Japanese shipping company Nippon Yusen K.K. (NYK) is reportedly launching its own digital currency for crew members, Bloomberg reported Nov. 20. Established in 1885, Nippon Yusen is Japan’s largest shipping line in terms of sales. From April 1 to Sept. 30, 2018, NYK Group’s consolidated revenue was 915.6 billion yen ($8.1 billion). People familiar with…

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Without a Digital Currency, Sweden Faces the Privatization of Money

Retail payments in Sweden are now almost entirely cashless. Without a central bank digital currency (CBDC) Sweden’s entire payments market would be reliant on the private financial sector. Cecilia Skingsley, Deputy Governor of the Central Bank of Sweden, has authored an article as part of the World Economic Forum’s Annual Meeting of the Global Future…

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Venezuela to Present Petro at OPEC as the ‘Digital Currency for Oil’

Venezuela is hoping the world’s oil markets will start using its controversial national cryptocurrency, the petro. Manuel Quevedo, the country’s minister of petroleum and the president of state-owned oil company PDVSA, announced in a tweet on Wednesday, that Venezuela will take petro to the Organization of the Petroleum Exporting Countries (OPEC) in 2019, as the “main…

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