COM has chosen English as your language setting. Business Senat france bitcoin news German cars American enough? Business Bank of France in stark warning on bitcoin Bitcoin’s dramatic gains have continued this week but it remains prone to wild fluctuations in value. The French central bank has entered the fray — they say it is not a currency and has no economic basis.
The Bank of France has issued a strong warning against further speculation on bitcoin, saying that the cryptocurrency has no economic basis and is a tool of speculation rather than a currency. Giants of the global financial system such as JPMorgan Chase and Goldman Sachs have already been highly critical of bitcoin, openly questioning its viability. Now the central bank of France has entered the debate with arguably the starkest warning yet on the eight-year old digital currency. We need to be clear: bitcoin is in no way a currency, or even a cryptocurrency,” the Bank of France governor Francois Villeroy de Galhau said at a press conference in Beijing on Friday. Its value and extreme volatility have no economic basis, and they are nobody’s responsibility.
The Bank of France reminds those investing in bitcoin that they do so entirely at their own risk,” he added. While bitcoin’s gains this year have been startling, things have been especially dramatic in the past two months, as evidenced by a 400 percent increase in its value between one point in September and one point in November. However, its volatility of late has been even more pronounced than usual, leading to increasing fears that it is part of a bubble, that it has no meaningful value beyond as a means for speculation and that a costly crash is on the cards. Share Time to jump on the Bitcoin bandwagon? Time to jump on the Bitcoin bandwagon? We look at what Bitcoin is, why it’s inflating, and whether it’s likely to become a common way for people to pay for stuff. 48 hours has raised a few eyebrows.
In Zimbabwe, its growth has been particularly striking, all the more so amid recent political turbulence. Bitcoin: charting the life and times of a cryptocurrency 23. What goes up must come down, old wisdom has decreed. Does it apply to the best-known digital token, Bitcoin? As the cryptocurrency’s value has seen many ups and downs recently, we chart its dramatic journey to date. Vietnam crypto scam prompts crackdown on digital currencies 12. Bitcoin value falls dramatically in 48 hours 10.
Has bitcoin finally hit the ceiling many have predicted it would? As of this week, 18-year-old Europeans can apply for one of 15,000 free tickets to travel across the European Union, the bloc’s executive announced on Monday. The man left Mayor Andreas Hollstein of Altena with a large neck wound in November 2017 after attacking him with a knife. During the attack, he shouted: “you let in 200 foreigners, but leave me hung out to dry. FRANCE: A revised version of the government’s draft legislation to reform the national rail sector was formally adopted by the Sénat on June 5, by 240 votes to 85. The legislation retains the core principles of the government’s proposed reforms, which had been adopted by the Assemblée Nationale in April.