News list for " Modern Finance"
On October 16, the head of the financial marekt department of the People's Bank of China said today that in the next stage, the People's Bank of China will continue to strengthen the construction of financial marekt and related infrastructure systems, continue to deepen the high-level opening up of financial marekt, and accelerate the construction of a highly adaptable, competitive and inclusive modern financial marekt system.
Joseph Lubin, founder of Consensys and co-founder of Ethereum, pointed out in a column in the Financial Times that the current financial system is facing structural pressures such as a crisis of trust, high inflation and debt accumulation. He believes that blockchain networks such as Ethereum, similar to the role of HTTP, the internet protocol in the 1990s, can provide a new type of decentralized and programmable infrastructure for the global financial system. Lubin stressed that this is not to ...
Eugene F. Fama, a Nobel laureate in economics who has been hailed as the "father of modern finance", predicted on the Capitalisn't podcast that bitcoin would go to zero within 10 years. He argued that a blockchain-based financial system requires too much computing power to be sustainable. He said cryptocurrencies violate the basic rules of a medium of exchange and their value is highly volatile. He also questioned bitcoin's positioning as "digital gold", arguing that it would be worthless withou...
