Money bitcoin did not exist, the Biz
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The pivotal failure of the coronavirus crisis has never been addressed.By then, about 150 people had been diagnosed with COVID-19 in the United States, and 11 had died of the disease. Yet the CDC had stopped publicly reporting the number of Americans tested for the virus. Without that piece of data, the tally of cases was impossible to interpret—were only a handful of people sick? Or had only a handful of people been tested? To our shock, we learned that very few Americans had been tested.
(Bloomberg) - Bitcoin has failed in the money test: Due to the volatile value, the Krypto asset can not be considered as currency. This is the verdict of the Expert of the Bank for International Settlements, which develops for the central banks digital money models.
"Bitcoin can be an investment instrument, and it is not my job to judge or evaluate this," Benoit Coeur, who heads the innovation Hub at BIS, in an interview with Bloomberg Television. "But it did not pass the test as a currency, the test as a means of payment did not exist - just because its value fluctuates so much."
The BIS is considered "central bank of central banks", its owners are Federal Reserve, European Central Bank, Bundesbank & Co. With these, the Basel-based institution is working on models to issue digital versions of traditional currencies. It is important for central banks to provide citizens of financial security and find ways to use technological innovations. Official digital currencies could circulate the functioning of money.
Climate concerns to crime: Bitcoin’s dark side draws scrutiny
From money laundering and capital flight to its carbon footprint, Bitcoin is falling in the crosshairs of regulators.In the United States, President Joe Biden’s administration has voiced concerns over bitcoin’s role in money laundering, the potential fallout of financial speculation, and bitcoin’s environmental impact.
"The central banks focus on an instrument that offers liquidity and security and that can be used in the global payment system," said coeure in the interview. "That's why we want to deal with digital central bank currencies. Krypto has its own place, but it's different - it's not a payment instrument. "More about:
Krypto market value exceeds $ 1 trillion, rally at Bitcoin, Ether
Bitcoin threatens to record-rally More official control
to Bitcoin Rally Provides Wall Street Future of Gold in question
heading of the article in original:
to it Coeure Says Bitcoin Has Failed Test On Being a Currency
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British Government’s ‘Gaslighting’ Report on Racism Says Slavery Had Some Upsides .
Last summer, after George Floyd’s killing sparked mass anti-racism demonstrations around the globe, British Prime Minister Boris Johnson asked a dedicated team to investigate and report back on racism in the U.K.. On Wednesday, they came back with their findings—that institutional racism no longer exists, and that the slave trade had some upsides. The report, published by the British government’s Commission on Race and Ethnic Disparities, has been branded as “gaslighting” and “an insult” by anti-racism activists.