A hotel group in the Russian city of Kaliningrad has announced that it will accept payments from football fans who stay in their hotels during this year's World Cup football games in cryptocurrency. The western Russian city is hosting four matches to be played on June 16, 22, 25 and 28. Natonal teams of Spain, Belgium, Serbia, England, Switzerland, Croatia, Morocco and Nigeria are playing in Ka more...
The head of the Bank for International Settlements is forecasting a gloomy future for cryptocurrencies. "While perhaps intended as an alternative payment system with no government involvement, it has become a combination of a bubble, a Ponzi scheme and an environmental disaster," says Augustin Carstens, General Manager of the BIS. He was speaking at Goethe University House of Finance in Frankfurt. more...
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