Cryptos become the saviors of the modern financial system

Home » ALTCOINS » Cryptos become the saviors of the modern financial system
2018-01-08
Photo: Cryptocurrencies today
Cryptos become the saviors of the modern financial system

Today, when the digital currencies became truly popular and successful, people question the possibility of making them real methods of payment. So far, more and more world banks show the signs of crisis. EU has been in a severy financial crisis since 2007–2008. It is actively looking for new ways of saving its financial and monetary systems. Some European countries are more in favour of digital currencies and the other countries are more conservative in this sense. Recently Italian government officially formalized the rescue of two medium-sized banks — Banco Popolaredi Vicenza and Veneto Banca — both of them were on the verge of bankruptcy, as those banks did not manage to find an investor on the markets to help them.

Such situations force investors across Europe to question the security of the banking system. Specific attributes of the unprecedented rescue of Cyprus banks in 2013 led to a significant increase in Bitcoin’s price, as investors sought safe havens and access to liquidity.

Tags:
CRYPTOCURRENCIES
  • bitcoinBitcoin$3,693.68
  • rippleXRP$0.327870
  • ethereumEthereum$123.58
  • tetherTether$1.00
  • eosEOS$2.47
  • stellarStellar$0.108551
  • litecoinLitecoin$32.22
  • cardanoCardano$0.045358
  • tronTRON$0.024590
  • moneroMonero$45.20
  • iotaIOTA$0.318877
  • nemNEM$0.056775
  • dashDash$72.37
  • neoNEO$7.92
The complexity Bitcoin mining is growing
As a result of the next recalculation of the complexity of mining Bitcoin on the night of January 14, this figure increased by almost 5%. The complexity of mining is a parameter of the blockchain network, which shows how difficult it is to perform a mathematical calculation to find a new unit and, accordingly, to […]
2019-01-18 0 5
Bitcoin volatility fell by 98% over the year.
Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, this figure was $ 3,468, then a year later – only $ 61, notes CoinDesk Markets analyst Omkar Godboul. The daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was […]
2019-01-17 0 8
Will Ethereum hard fork Constantinople be launched this week?
Ethereum, one of the largest and most influential blockchains in the world, is planning to improve its code in the near future. A massive system upgrade, or hardfork, called “Constantinople” will include a number of technological improvements called to enhance practicality and the architecture of smart contracts. The Ethereum community will make a final decision […]
2019-01-15 0 29
The Brit​ish citizen was trying to buy a gun with cryptocurrency
David Mitchell, a 48-year old British citizen, was arrested by the US police after an attempt to purchase a gun with cryptocurrency via the dark web. Mr. Mitchell was planning to buy a Glock 9mm pistol which costs around £2,000. The man explained to the court that he was curious whether it is possible to […]
2019-01-14 0 18
© 2017–2018