Basel Committee report notes

A group of regulators included in the so-called Basel Committee, considers the threat of mass introduction of cryptocurrencies in the global market.
Analysts of the committee presented a report in which they stated that the massive use of digital currencies could lead to fundamental changes in the modern financial system.
The report notes:
The continuing growth of trading platforms for cryptocurrency transactions and the launch of financial products related to cryptoactive assets increase the risks for the global financial system
The Basel Committee believes that cryptocurrency is the main threat to the banking sector. There are risks associated with insufficient liquidity, operational risks and the threat of using tokens for money laundering.

Consortium analysts are confident that cryptocurrency is used primarily by fraudsters, and the high volatility of the crypto market can lead to the emergence of so-called “bubbles”.
However, in the report, the authors for some reason did not point out a very important fact – in the past few months, the cryptographic bills, on the contrary, demonstrate extremely weak volatility, which proves a stable bitcoin rate.


Samsung blockchain partner for the Galaxy S10

The South Korean technology giant Samsung introduced some of its blockchain partners on the flagship mobile phone Galaxy S10. On Monday at the World Mobile Congress 2019, held in Barcelona, ​​(MWC Barcelona 2019), the company presented a built-in crypto wallet – the Samsung Blockchain KeyStore app. The presented image included the logo of Cosmee, a […]


Basel Committee report notes

A group of regulators included in the so-called Basel Committee, considers the threat of mass introduction of cryptocurrencies in the global market. Analysts of the committee presented a report in which they stated that the massive use of digital currencies could lead to fundamental changes in the modern financial system. The report notes: The continuing […]


Coffee for bitcoins

Starbucks will start accepting cryptocurrency Visitors to the world famous Starbucks coffee shops will be able to pay with Bitcoins. Such an opportunity will be available at the end of the year. Cryptocurrency will instantly be converted to Fiat via the Bakkt platform. Initially, the opportunity to pay for coffee with Bitcoins will be available […]


Bitcoin millionaire accused of drug trafficking

The Australian Transaction Reporting and Analytical Center stopped the work of two Australian cryptocurrency exchanges after examining their links with one of the organized criminal groups. One person was arrested. His name was not previously mentioned, but now it has become known that it is Sam Karagiosis, a millionaire and bitcoin investor, who became famous […]


Three main elements

The co-founder of Mreek and one of the brightest supporters of Bitcoin, Anthony Pompiano, identified three main elements of the cryptosphere. In his opinion, the global blockchain industry is forming on these three pillars. We are talking about digital assets, digital contracts and digital accounting. All three basic elements of the cryptosphere were formed as […]


Crypto Smartphone Review

How you rate Exodus 1, the so-called blockchain smartphone, which HTC has advertised in recent months, depends on your personal expectations. How to store a cryptocurrency smartphone? Not bad! But if you were hoping that Exodus 1 would bring the Web 3.0 revolution closer, then your expectations are unlikely to be fulfilled. Actually, as a […]