Last month, German state-owned bank Bayerische Landesbank, also known as BayernLB, published a report that discusses Bitcoin’s stock-to-flow ratio. The authors concluded that Bitcoin is “designed as an ultra-hard type of money.” STOCK-TO-FLOW: BITCOIN VS GOLD Apparently, BayernLB authors relied on the stock-to-flow model previously proposed by Twitter user PlanB. For those unfamiliar, the stock-to-flow ratio refers

 It is “inevitable” that central banks including the U.S. Federal Reserve will start issuing digital currency, Philadelphia Federal Reserve bank president Patrick Harker said on Wednesday, while cautioning that the United States should not be the nation to lead such a move. “Frankly I don’t think we should be the first mover as a nation

About this report The European Union Blockchain Observatory & Forum has set as one of its objectives the analysis of and reporting on a wide range of important blockchain themes, driven by the priorities of the European Commission and based on input from its Working Groups and other stakeholders. As part of this it will

A battle is raging for your wallet. New entrants want to occupy the space once used by paper bills or your debit card. The adoption of new, digital payment methods could bring significant benefits to customers and society: improved efficiency, greater competition, broader financial inclusion, and more innovation. But it could invite risks to financial

Regulators will question representatives of digital currency over threat to financial stability Facebook will be quizzed by global regulators on its planned Libra coin project amid concerns from EU governments over the threat the digital currency poses to financial stability. Representatives of Libra will meet officials from 26 central banks, including the Federal Reserve and

The Swiss Financial Market Supervisory Authority FINMA today publishes a supplement to its ICO guidelines outlining how it treats so-called ‘stable coins’ under Swiss supervisory law. FINMA has seen a steady increase in the number of ‘stable coin’ projects since 2018. In this context, FINMA confirms that it has received a request from the Geneva-based

CARNEY PROPOSES THE SYNTHETIC HEGEMONIC CURRENCY On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and overall weaker business activity are deteriorating the global economy. Carney also underlined that, because of globalization and the widespread dominance of the U.S. dollar, U.S.