CryptocurrencyRasmus Pihl

Manager for Bank of International Settlements Bashes Crypto (Again)
Cryptocurrency
Manager for Bank of International Settlements Bashes Crypto (Again)
The general manager of the Bank for International Settlements, Agustín Carstens, is known to make cryptocurrency-averse remarks. He has now been at it again, speaking at the University of Miami Business School’s 70th anniversary. More specifically, Carstens told the crowd that Bitcoin, and cryptocurrency in general, did not hold any economic value. In addition to this, he also noted that it would even be false to call cryptocurrencies ”currencies” at…
“Great Promotion” - Apple Blocks Crypto Podcast, Then Restores It After Twitter Barrage
Cryptocurrency
“Great Promotion” – Apple Blocks Crypto Podcast, Then Restores It After Twitter Barrage
Cryptocurrency podcast “Off the Chain,” produced by Anthony Pompliano, a partner at Morgan Creek was inexplicably removed from the iTunes store before being restored, for which Pompliano thanks fans who criticised Apple for its actions. The adage, “there’s no such thing as bad publicity”, is well known and appears to be true in the case of the “Off the Chain” podcast, which was inexplicably removed from the Apple store app…
Bitstamp’s New Matching Engine Will Be 1250x Faster
Cryptocurrency
Bitstamp’s New Matching Engine Will Be 1250x Faster
Cryptocurrency exchange Bitstamp is now teaming up with Nasdaq-owned trading and clearing systems provider Cinnober. Through replacing its own technology with Cinnober’s, Bitstamp’s matching system will reportedly become 1,250x faster. This news comes in a recent blog post published by Bitstamp. More specifically, Cinnober will lend its ”TRADExpress Trading System” software stack to Bitstamp. The software will be customized to suit Bitstamp’s specific needs, and operated by the exchange. Will…
crypto risk
Cryptocurrency
FINMA Says Banks Should Have A Risk Coverage Of 800% for Crypto
FINMA is a Swiss Financial Market Supervisory Authority who has advised banks and other financial institutions to use a risk coverage for cryptocurrencies of 800 percent of the current market value, according to recent news. What does a crypto risk coverage of 800 percent mean? The major local news outlet Swissinfo saw a copy of a letter from FINMA to the Swiss Association on Audit, Tax and Fiduciary (EXPERTsuisse). In…