UBS: Bitcoin Is Too ‘Unstable and Limited’ to Function as Money
UBS doesn’t believe bitcoin constitutes money or a viable asset class yet, but it could in the future.
Related Posts
![Coinbase-adds-support-for-2-more-cryptocurrencies-in-new-york-state](https://www.lastcryptocurrency.com/wp-content/uploads/2020/02/47150/coinbase-adds-support-for-2-more-cryptocurrencies-in-new-york-state.jpg)
![Former Mt Gox CEO Mark Karpeles Claims Innocence As Trial Nears End](https://www.lastcryptocurrency.com/wp-content/uploads/2018/12/11275/former-mt-gox-ceo-mark-karpeles-claims-innocence-as-trial-nears-end.jpg)
Former Mt Gox CEO Mark Karpeles Claims Innocence as Trial Nears End
news In his closing arguments in a Tokyo court, Mark Karpeles, former CEO of collapsed bitcoin exchange Mt. Gox, has restated his innocence in the events that saw the firm lose millions in customer funds and ultimately go bankrupt. He faces charges of embezzling approximately 340 million yen (over $3 million) from the exchange and…
![Sbi-buys-japanese-crypto-exchange-taotao-after-binance-talks-end](https://www.lastcryptocurrency.com/wp-content/uploads/2020/10/76749/sbi-buys-japanese-crypto-exchange-taotao-after-binance-talks-end.jpg)
SBI Buys Japanese Crypto Exchange TaoTao After Binance Talks End
Oct 7, 2020 at 14:40 UTCUpdated Oct 7, 2020 at 14:43 UTCFinancial conglomerate SBI Holdings’ market infrastructure subsidiary, SBI Liquidity Market said Wednesday that it has acquired the Japanese cryptocurrency exchange TaoTao from the Z Corporation for an undisclosed sum.TaoTao will become a wholly owned subsidiary of SBILM under the deal's terms.The pair said they…
![Bitcoin-price-volatility-likely-to-stay-depressed-after-fed-rate-decision](https://www.lastcryptocurrency.com/wp-content/uploads/2023/09/189209-bitcoin-price-volatility-likely-to-stay-depressed-after-fed-rate-decision.jpeg)
Bitcoin Price Volatility Likely to Stay Depressed After Fed Rate Decision
The Fed on Wednesday is likely to stick to its data-dependent stance, offering little surprises to the market, crypto traders said.Bitcoin options expiring on Friday suggests the cryptocurrency may not move more than 3% post-Fed.Volatility, or the degree of price turbulence, in in bitcoin (BTC) remains suppressed, consistent with the calm in the U.S. stock
![Bitcoin-round-trips-its-way-back-under-$35k-as-fidelity’s-timmer-calls-it-‘exponential-gold’](https://www.lastcryptocurrency.com/wp-content/uploads/2023/11/195556-bitcoin-round-trips-its-way-back-under-35k-as-fidelitys-timmer-calls-it-exponential-gold.jpg)
Bitcoin Round-Trips Its Way Back Under $35K as Fidelity’s Timmer Calls it ‘Exponential Gold’
A late Wednesday/early Thursday pump higher in bitcoin (BTC) saw the price nearly punch through $36,000 for what would have been the first time since the spring of 2022. The move, however, appeared to trigger a wave of sell orders, with bitcoin now having tumbled almost $1,300 over the past few hours to the current
![New-york-attorney-general-seeks-new-crypto-powers-for-state-regulators:-report](https://www.lastcryptocurrency.com/wp-content/uploads/2023/05/170421-new-york-attorney-general-seeks-new-crypto-powers-for-state-regulators-report.jpg)
New York Attorney General Seeks New Crypto Powers for State Regulators: Report
Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.The New York Department of Financial Services would have stronger authority to regulate digital assets, with exchanges having to reimburse customers if they’re the victims of fraud, under a bill proposed by the state’s Attorney General Letitia…
![A Middle Way Forward For Blockchain](https://www.lastcryptocurrency.com/wp-content/uploads/2018/12/10937/a-middle-way-forward-for-blockchain.jpg)
A Middle Way Forward for Blockchain
opinion Henrik Hjelte is the co-founder and CEO of ChromaWay, a company focused on implementing blockchain solutions. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Here in Stockholm, we’ve entered the long months of winter. In the next few weeks, the sun won’t rise until 9:00 a.m. and it will set just…
![Tether-to-establish-ai-unit,-starts-recruitment-drive](https://www.lastcryptocurrency.com/wp-content/uploads/2024/03/210155-tether-to-establish-ai-unit-starts-recruitment-drive.jpg)
Tether to Establish AI Unit, Starts Recruitment Drive
The new unit expands Tether's foray into artificial intelligence, which commenced last year with an investment into Frankfurt-listed Northern Data.Tether has listed roles for a head of AI research and an AI engineer01:03El Salvador Targets Bitcoin Millionaires in New Push to Attract Long-Term Residents02:02OpenAI's Ex-CEO Sam Altman Joins Microsoft; Bullish Completes Purchase of CoinDesk: WSJ02:09BitGo
![Aave’s-lend-token-jumps-23%-on-plan-for-liquidity-mining](https://www.lastcryptocurrency.com/wp-content/uploads/2020/07/69163/aaves-lend-token-jumps-23-on-plan-for-liquidity-mining.png)
Aave’s LEND Token Jumps 23% on Plan for Liquidity Mining
Jul 30, 2020 at 17:59 UTCUpdated Jul 30, 2020 at 18:12 UTCPrice chart of Aave's LEND token over past week. (CoinGecko) Aave’s LEND token has rallied by 23% in the past 24 hours and is trading at $0.3440 at press time, according to data source Messari. It's the day's top performer among cryptocurrencies with at…