Translated by Clem Chambers for Forbes . Chambers is the director of ADVFN.com, a private investor site, and the author of The Be Rich, The Wall Street Game and Cryptocurrency Trading: A Guide for Beginners. In November 2018, Chambers won the Journalist of the Year Award in the Business Market Comments category of the State Street Institutional Press Awards. Gresham’s law states that “the worst money drives the best out of circulation.” Is Bitcoin Good or Bad Money? Should Bitcoin be the worst money to replace fiat? If this is better money than fiat, then fiat should supplant bitcoin, and…
Author: BlockchainJournal
Analyst Mike Novogratz, CEO of Galaxy Digital, believes that the dynamics of the Bitcoin exchange rate in 2019 is directly related to the difficult situation in the global market, which is caused by the geopolitical situation. On his Twitter blog, Novogratz posted a publication in which he noted that hostility between the leading states of the world led to a weakening of the Chinese yuan. Investors began to actively withdraw capital from China, which, according to Novogratz, had an impact on the BTC market. The tensions between China and the United States intensified even more after Trump announced another decision…
Over the past couple of days, Bitcoin (BTC) has shown impressive growth of about 10%, which for many was quite unexpected. Comparing the current BTC situation with 2016, analysts and experts believe that soon the instability of the Chinese yuan against the dollar may change the country's position in relation to cryptocurrency . Many people compare the parabolic movement of Bitcoin in 2019 with the movement of 2016 and 2017, at the end of which the cryptocurrency reached its record high price of about $ 20,000. Now that Bitcoin has grown by more than 270% since the beginning of 2019,…
The Thai financial regulator announced his intention to amend the current system of regulation of the crypto industry. This is necessary in order to prevent the use of crypto funds in criminal activity. According to local sources, the Secretary-General of the Office for the Prevention of Money Laundering (AMLO) said yesterday that cryptocurrency is a good option for those involved in money laundering activities. Thus, representatives of AMLO will focus on making adjustments to the current regulatory system, which aims to combat money laundering. The situation is expected to improve significantly in the near future. According to the Secretary General,…
Paolo Ardoino, technical director of Bitfinex and Tether, announced the transfer of part of the USDT offer from Omni protocol to ERC-20. . @Tether_to is working with an exchange to perform a swap from Omni to ERC20 of part of its USDt cold wallet. – Paolo Ardoino (@paoloardoino) August 5, 2019 “Tether is working with the exchange to translate from […]
Peter Schiff, financial expert and irreconcilable critic of bitcoin, lamented that the media is too focused on bitcoin. CNBC is trying its best to dupe its audience into buying Bitcoin. Despite gold being a much larger market, CNBC devotes far more airtime to Bitcoin. The Chinese aren't buying Bitcoin as a safe haven. Speculators are buying, […]
Today, on the day of the litecoin halving, when, according to some analysts, the rate of LTC should please investors, the cost of altcoin has risen by about 10% at the time of this writing. Even before the halving, dissatisfied comments began to appear on the network that, on the eve of the much-anticipated event, the LTC course did not demonstrate positive dynamics. In the afternoon, however, the cost of altcoin increased slightly. In the morning, LTC traded at a price of $ 95, at lunch the rate reached $ 104. Meanwhile, Litecoin representatives have already reported on their Twitter…
There are many ways to earn bitcoins , in the framework of this article we will discuss the 14 most popular of them. First of all, let's deal with bitcoin and blockchain technology . “Bitcoin is a new currency created in 2009 by an unknown person under the pseudonym Satoshi Nakamoto . Transactions are made without intermediaries, that is, without banks! Transactions are carried out without a commission, and there is no need to indicate your real name , ”such a definition was given in CNNMoney. Earlier, sending money from one end of the world to another was feasible only…
MasterCard has opened a number of vacancies for the development of cryptocurrency directions. It is reported by The Block, with reference to the official site of MasterCard. In particular, the company is looking for two managers in the areas of “Product Development and Innovation – Architect of Blockchain Solutions”, “Product Management – Cryptocurrency / Wallets”, as well as Vice President of Blockchain Management Products. According to the information published on the site, new employees will work with […]
While central banks have avoided Bitcoin (BTC) , they have begun buying gold to some extent. For example, the Russian monetary management now owns a precious metal worth more than $ 100 billion, which is more than 2,000 tons after buying 20 tons just a few weeks ago. Other well-known central banks made similar purchases because they liquidated foreign currency reserves, including the long-standing reserve currency, the US dollar (USD). Gold is bought in bulk According to the famous cryptoinvestor Anthony Pompiano, the central banks of the world collected more than $ 15 billion in gold in the first six…