IMF head comments push Bitcoin above USD 8,000

Ovidiu Posirca 18/04/2018 | 10:29

Bitcoin climbed to over USD 8,000 after comments by the managing director of the International Monetary Fund, Christine Lagarde.

The price per Bitcoin was last at USD 8,089.92, up 0.5 percent on the day and off its early morning low of USD 7,972.55.

“Crypto-assets enable fast and inexpensive financial transactions, while offering some of the convenience of cash. Some payment services now make overseas transfers in a matter of hours, not days,” Lagarde wrote in a blog post on April 16.

“The underlying technology of crypto-assets—distributed ledger technology, or DLT—could help financial markets function more efficiently. Self-executing and self-enforcing ‘smart contracts’ could eliminate the need for some intermediaries,” she said.

Menwhile, the New York Attorney General sent a letter to 13 cryptocurrency exchanges seeking information to improve transparency in the digital currency industry, according to MarketWatch.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Ovidiu Posirca | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue