China plans to release its own cryptocurrency in November 2019

China plans to issue its own crytocurrency as early as Nov. 11, the country’s busiest shopping day for online sales, U.S. financial magazine Forbes said, citing two sources familiar with the matter.

Crypto-China

The People’s Bank of China (PBOC) has been exploring the possibility of launching its own digital currency since 2014 to cut the costs of circulating traditional paper money and boost policymakers’ control of money supply. Continue reading

Libra will replace the dollar?

In his speech at the Central Banks economic symposium these days in Jackson Hole, the Governor of the Bank of England made some extremely curious statements.

libra-facebook

Mark Carney said that dollar dominance in the global financial system increases the risks of the global liquidity trap, and that currencies like Libra will end dollar dominance. So what is the currency of the future Libra? And what is its threat to the modern financial system? Continue reading

Paying with Bitcoin: What You Need to Know

Cryptocurrency, especially Bitcoin, continues to rise in popularity despite its value’s volatility recently.

bitcoin

And if you are looking to use bitcoin to pay for things, you have to take due diligence in knowing how to do it, where you can spend, buy cryptocurrencies, or earn bitcoins, the best trading platform, and what the risks and advantages are. Continue reading

Bitcoin – technical analysis

The excitement of interest in crypto-currencies has become a little subtle and I have not paid attention to them for a long time. At the same time, on the Bitcoin crypto currency there is an interesting technical picture.

Technical Analysis of Bitcoin-050618

We see a clear technical triangle on the daily timeframe. Continue reading

A crypto-photograph of a red rose was sold for 1 million dollars

On Valentine’s Day, a digital crypto-photograph of a red rose was sold for 1 million dollars in a cryptocurrency to a group of 10 collectors.

forever-rose-crypto-foto

This is considered the highest price ever paid for virtual art work. Continue reading

That’s all you need to know about bitcoins

Once in the village a merchant appeared and told the residents that he would buy from them monkeys for $ 10. The villagers, seeing how many monkeys in the jungle, abandoned their plots and began to catch the monkeys. The merchant bought thousands of monkeys for 10 dollars, but the number of monkeys began to decrease and catching them became more difficult.

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Then the merchant raised the reward for capturing each monkey to $ 20. And people again began to catch monkeys. Continue reading

All you want to know about Bitcoin from Yahoo!

With the price of the cryptocurrency soaring—and mainstream interest surging—Yahoo Finance recently invited readers to send us their top questions regarding bitcoin and other cryptocurrencies. We condensed questions from nearly 3,500 respondents into the list below, and enlisted a team of Yahoo Finance reporters to answer them. Here’s everything you want to know about bitcoin.

Bitcoin

1. What the hell is it? In the most general sense, bitcoin is software that forms a decentralized, peer-to-peer payment system with no central authority like the Federal Reserve or U.S. Treasury. Continue reading

Bitcoin – in what is its value?

Today the cost of Bitcoin reached a new record – in my terminal the price stopped at 14 666 USD. To the psychological mark of 15 000 very slightly.

Bitcoin H4 chart

The graph speaks for itself (update – Bitcoin 15660$ 16.30 GMT). I have already expressed my opinion on Bitcoin here and here. But the main question is why he is in such demand and in what way its value remained unanswered. Continue reading

Bitcoin: Frightening volatility

Just yesterday I wrote a post with my opinion about the Bitcoin trade (the link here), and today I have to write a sequel.
For today, the Bitcoin rate rose to $ 11,419.16 (up 15.94% from the opening day), and then collapsed to $ 8,987.22 (-21.29%).

Analysis Bitcoin M30In addition, the main trading platforms – Coinbase, GDAX, Kraken, Gemini also fell. At the time of writing, there is no information about the reasons for their closure. We follow the development of events.

Continuation of the history about Bitcoin you can read here.

Bitcoin – can we use a technical analysis?

The topic of crypto currency is the first line in all major electronic media, and I decided to analyze Bitcoin more closely for the applicability of technical analysis methods familiar to Forex.

Bitcoin

Working on this review, I remembered the lines of the popular Russian underground band “Ноль” from the song “The Wandering Biorobot”:

“Minutes Count Days
Days count years
You stand on the road
Not knowing where to go
The future is fog
The past is a fraud
And tell me what you dream about –
Wandering Biorobot “
It describes the situation very accurately, does not it? Continue reading