Why the Global Economy Needs Open Blockchain Assets to Fight Negative Interest Rates

The Central Banks of Japan and Europe have imposed negative interest rates on deposits. Would these blunt monetary tools of Central Bankers be effective if bitcoin adoption becomes widespread? Negative interest rates are the tools of Central Banks. Christine Lagarde, International Monetary Fund Managing Director, says: Negative interest rates are the emergency tools of Central Banks - they spur lending and investment in the economy when traditional measures have failed. Investors may tolerate marginal negative yields on sovereign debt because it is a safe investment, and they may be forced....

To get updates of my thoughts on bitcoin and the global financial markets please follow @sammantic. Miles Kimball, who is a Professor of Economics and Survey Research at the University of Michigan tells CoinTelegraph about negative interest rates, the future of paper and electronic money, and how cryptocurrrency fits in. Negative interest rates are a recent topic garnering much attention in the economic world. In no particular order, Denmark, Switzerland, Germany, Netherlands, Germany, Austria, and Sweden have or have recently had negative interest rates. On top of that some corporate....

Negative Interest Rates are causing bankers to fear, among other things, currency wars and the widespread use of virtual currencies. Indeed, it is amazing how things are acting together to propel Bitcoin’s inexorable march to become one of the main currencies of the world, if not the world reserve currency for fiat currencies. New technologies, the....

Global interest rates are at their lowest levels in decades. This has baffled many leading economists and global fund managers. The discussion centers around deflation and the “new normal,” which has been a period defined as slow global growth and very low returns. But is this just a temporary speed bump on the road to economic recovery and rates will begin to rise as this becomes apparent? And why has no inflation been created despite the massive global easing cycle created by every central bank in the developed world? In a 4-part blog series, Former Federal Reserve Chairman Bernanke has....

Deutsche Skatbank, a division of VR-Bank Altenburger Land, is introducing negative interest rates. Customers with over €500,000 on deposit as of November 1 will earn a "negative interest rate" of 0.25%. In other words, instead of earning positive interest, they will have to pay 0.25% per year for banking services. Also read: ECB Announces Negative Interest Rates: Bitcoin Price Rallies. Of course, the initiative received a lot of criticism. Wolf Richter says: "'Punishment Interest' is what Germans lovingly call this. It's the latest and most blatant step of the central-bank strategy to....