Royal Bank of Scotland’s chairman says central bankers should hang an ‘abandon hope’ warning over bitcoinSir Howard Davies: Authorities should warn approximately bitcoin risksDavies: We need that Dante’s Inferno warningUS banks worried approximately bitcoin futuresBitcoin has surged again...[br]...but $64m stolen in ‘sophisticated’ hackSterling below $1.34 as EU crisis rumbles on
4.19pm GMTIf you’re just tuning in,here’s our news story on Bitcoin’s rally, and the concerns building approximately it.....
Bitcoin has been likened to Dante’s Inferno by the chairman of Royal Bank of Scotland. As the digital currency surged above $15000 on Thursday, or Sir Howard Davies suggested it should carry a similarly apocalyptic warning for investors.
Davies,a former head of the UK’s top financial watchdog, called on the Bank of England and other authorities around the world to launch a coordinated warning against the digital currency. Related: RBS boss likens bitcoin to Dante’s Inferno as currency tops $15000 4.19pm GMTAnalyst Charlie Bilello of Pension Partners points out that bitcoin usage isn’t keeping pace with its price:Bitcoin transactions per day are up 27% in the past year. Price of Bitcoin is up 2100%. $BTC.
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Source: guardian.co.uk