January 26, 2018

Davos is clear on bitcoin: It's an interesting investment, but please don't call it a currency.
Bitcoin's volatile ascent has transformed it from a tech industry curiosity to a major topic of discussion at this year's World Economic Forum.
Yet the consensus in Davos, Switzerland, is that bitcoin will never be as useful as the dollar or yen in the real world.
"The central banks have been nurturing the [financial] system for centuries... we've got a good thing going on," Nobel laureate Robert Shiller said at a debate about the cryptocurrency.
Cecilia Skingsley, deputy governor of Sweden's central bank, said she had "no problem with people using [bitcoin] as an asset to invest in."
"But it's too volatile to be used as currency," she added.
Bitcoin prices, which peaked near $20,000 in December, have fallen sharply to under $11,000 after a series of exchange closures and talk of increased regulation raised concerns over the digital currency's future.
Even Davos attendees who have invested in bitcoin said its utility as a currency is limited. Jennifer Zhu Scott, an entrepreneur and cryptocurrency investor, described it as a "store of value."
"I don't think it's a currency, it's disrupting gold," she said. "A cryptocurrency can do what gold is doing much better."
The comments reflect growing anxiety over the real world applications for bitcoin, which is accepted at a smattering of retailers but has failed to find widespread acceptance.
Leading online payments company Stripe said this week that it will stop processing bitcoin transactions in April. It said the huge volatility in bitcoin prices has made it impractical for making and receiving payments.
Top government officials in Davos also signaled that digital currencies have a long way to go.
"We encourage fintech, we encourage innovation, but we want to make sure that all of our financial markets are safe and aren't being used for illicit activities," said U.S. Treasury Sec. Steven Mnuchin.
British Prime Minister Theresa May echoed that sentiment, telling Bloomberg that her government would look "very seriously" at cryptocurrencies "because of the way they are used, particularly by criminals."
Larry Fink, chief executive of BlackRock (BLK), offered the most damning assessment, likening bitcoin to an "index of money laundering."
Business
Global Vehicle to Grid Market 10 Year Forecast Report 2024-2034 - Supportive Government Regulations and Financial Incentives for V2G Deployment
DUBLIN, March 18, 2024 /PRNewswire/ -- The "Vehicle to Grid (V2G) Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering. World revenue for Vehicle-to-Grid (V2G) Market is forecast to surpass US$ 4.31 billion in 2024, with strong revenue growth through to 2034. Escalating Demand for Electricity, Coupled With a Global Commitment to Reduce Reliance on Fossil Fuels, Resulting in a Surge in the Adoption of Electric VehiclesThe vehicle-to-grid (V2G) market is witnessing unprecedented growth driven by a confluence of factors shaping the future of sustainable transportation and power management. Key drivers include the escalating demand for electricity, coupled with a global commitment to reduce reliance on fossil fuels, resulting in a surge in the adoption of electric vehicles (EVs). This market is characterized by opportunities that lie in the integration of renewable energy sources, such as solar and wind, to meet energy demands, while also addressing challenges associated with the variable nature of these sources.The primary driver for the V2G market is the escalating demand for electricity worldwide. Governments and industries are increasingly recognizing the need for sustainable and low-emission solutions, driving the widespread adoption of EVs. The electrification of the transportation sector not only addresses environmental concerns but also provides a unique opportunity for EVs to serve as mobile energy storage units. This bidirectional flow of power, where EVs can both draw and supply energy to the grid, is a key driver propelling the V2G market forward.Opportunities in the V2G market are abundant, particularly in the integration of renewable energy sources. As countries strive to meet ambitious renewable energy targets, V2G technology becomes an enabler for managing the intermittent nature of solar and wind power. This creates opportunities for smart grid solutions and advanced energy storage systems. Additionally, the idle times of parked EVs present an untapped opportunity for bidirectional ...Full story available on Benzinga.com
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