François Villeroy de Galhau, governor of the Bank of France, said that a “speculative asset” is not a currency, and, oddly enough, is not even a cryptocurrency. Pointing to China as a case in point, Villeroy de Galhau continued: “Its cost and extreme volatility have no economic basis and the consequences are essentially no one's responsibility.”
By the end of November, it is predicted that the price of Bitcoin, for the first time in its history, will reach the level of ten thousand dollars per Bitcoin.
Yesterday, the chairman of the Swiss National Bank (SNB) gave a press conference on cryptocurrencies. Speaking at the event in Basel, Thomas Jordan, who also heads the central bank's international counterfeit containment team, said central banks were looking at cryptocurrencies very intensively, adding: "I would describe bitcoin as an investment rather than a currency."
The Bermuda government has created a cryptocurrency development department. During a press conference on Wednesday, the island's Premier David Burt and Homeland Security Minister Wayne Kyne announced the creation of a working group aimed at creating an enabling environment for cryptocurrency and ICOs.
Blockstream announced a new project, DG Lab Fund, a collaboration between two companies, Digital Garage and Daiwa Securities Group. Funding for this project is $80 million
Korean multi-billion dollar ATM conglomerate Hyosung has announced that it will now be possible to buy Bitcoin at its ATMs. This project was brought to life with the support and cooperation of Just Cash.
According to the Turkish newspaper Habertürk, police recently managed to arrest a gang of five extortionists in Merter, a suburb west of Istanbul, one of the country's largest cities. This was the first crime in Turkey to steal cryptocurrency. The attackers managed to steal 450 bitcoins worth more than $3.54 million from a Turkish businessman this week, according to the newspaper.
Japan accepted Bitcoin as a legal form of payment earlier this year, and the country's Bitcoin trade now accounts for about half of global trade.
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