Bitcoin

Governor of the Czech National Bank (CNB) Aleš Michl recently commented that the Czech National Bank might consider including Bitcoin in its reserves. Is this really a good idea? Should the CNB invest in this digital asset? The CNB\'s main and most important function is to ensure price and financial stability, as required by its constitutional mandate. Unfortunately, however, it has failed to fulfill this mandate in recent years.

The benefits of cash over card payments are that the government has less control over your finances. There is no chance of data mining.

Cryptocurrencies are here to stay. As we find ourselves in the digital transformation, accelerated by the COVID-19 pandemic, the topic of cryptocurrencies no longer should focus on their stereotypes, or if they are a worthwhile investment but rather on how we can educate and integrate cryptocurrencies into our everyday lives.

Bitcoin reached a new record height as its market price is now more than USD 7000. Despite the fact that hard times are awaiting Bitcoin in the following weeks, it is going to divide again. Technically speaking, the so-called \"hard fork\" phenomenon is about to happen.

A golden era for Bitcoin. Its value overcame the margin of USD 6000 per Bitcoin. The reason is once again the cleavage of the cryptocurrency, as this week is expected to witness the dawn of the new Bitcoin Gold. The principle of Bitcoin Gold is very similar to that of Bitcoin Cash, but the philosophy beyond these two cryptocurrencies is different.

Bitcoin is losing share in market capitalization. This is just one of many possible ways to describe recent events in cryptomarkets. The surging capitalization of Ethereum and the related ICO phenomenon are the main reasons behind such developments.

A profound majority of BC´s computing power and trade volume comes from China. Yet, the Slovak government has been continuously concentrating its efforts in the carefully navigated state process of undermining the use of BC in the country. Fortunately,so far to no avail.

One could rather poetically suggest that it has been all quiet on the cryptoccurency front since the Bitcoin hysteria we experienced 2-3 weeks ago. Its price has been mostly dormant, stagnating around the value of EUR 850. And yet, the crypto-world kept its ball of development rolling.

Recent developments in India continued to steal headlines in the past couple of weeks. A surprising upshot was reported in both China and Vietnam while Spain and cannabis in the U.S. also generated significant interest.

South Korea has embarked on a completely opposite course by recently announcing its intention to regulate digital currencies. The Financial Services Commission decided to proceed with further regulation in the light of the increasing popularity of Bitcoin in the country.