Category: Bank of England

Bitcoin’s Intrinsic Value: Crypto Community Responds to Bank of England Governor

Bitcoin’s Intrinsic Value: Crypto Community Responds to Bank of England Governor

Bitcoin’s intrinsic value has been heavily discussed in the crypto community this week following a remark by the governor of the Bank of England suggesting that the cryptocurrency may have no intrinsic value. Does Bitcoin Have Intrinsic Value? Bank of England Governor Andrew Bailey talked about bitcoin’s intrinsic value during a question and answer session […]

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Bank of England Moves Closer to Negative Interest Rates, Asks Banks if They Are Ready

Bank of England Moves Closer to Negative Interest Rates, Asks Banks if They Are Ready

The Bank of England has moved closer to adopting a negative interest rate policy. The central bank has asked commercial banks in the U.K. to provide details of how ready they are to deal with negative interest rates, asserting that for the policy to be effective, commercial banks need to be ready to implement it.Bank […]

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UK Court Overturns Ruling on $1 Billion Venezuelan Gold at Bank of England

UK Court Overturns Ruling on $1 Billion Venezuelan Gold at Bank of England

The UK Court of Appeal has overturned an earlier court ruling which denied Nicolas Maduro access to Venezuela’s gold worth about $1 billion kept at the Bank of England. The court did not recognize Maduro as the legitimate leader of Venezuela.Court Rules in Favor of Central Bank of Venezuela Over $1 Billion GoldThe English Court […]

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