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Friday, 23 August 00:57 (GMT -05:00)



Business And Politics News

Bitcoin Market Cap Exceeds $150 Billion


Bitcoin’s market capitalization exceeded $150 billion the other day. At the same time, the international expert community keeps on pondering upon the near-term prospects of Bitcoin and other digital currencies.

 

 

 

 
The world’s most popular and expensive cryptocurrency managed to go above the $154 billion threshold. For the sake of comparison, this is twice as much as the cost of Rosneft, Russia’s most expensive company. If Bitcoins were stocks, they could be compared to the stocks of such giants as Adobe and Neflix.
 
At the same time, more and more governments, banks, corporations and retail investors are getting increasingly interested in various digital currencies including Bitcoin, of course. For millions of retail investors out there, this is a relatively quick and easy way to make money. At least, this is what it looks like on the surface. In reality, everything is way more complicated than it seems.
 
In early 2017, Bitcoin cost under $1000. Today, it costs over $4000. This is a very volatile market, a roller coaster. Digital currencies are still unstable and have been subject to continuous ups and downs. That’s why those are not investments for everyone. That’s why you have to really know what to do.
 
Back in the early days, the first investors made tons of money by investing in Bitcoin and other cryptocurrencies. This inspired millions of others who wanted to get rich quick. As a result, trading and mining cryptocurrencies gradually became one of the main trends of 2017.
 
People buy computer hardware for mining like never before. Some of them even get neck-deep into debt to get everything required to start mining digital currencies. Still there are many skeptics who think that it’s really difficult to get rich fast by mining or trading digital currencies these days.
 

 

At the same time, some experts are convinced that the so-called block-chain technology is the door to a whole new world and prosperity. Their opponents think that the world has been obsessed with mining all of those cryptocurrencies, which are essentially a new kind of financial pyramids of global scale, they say. They say that digital currencies are unpredictable, and that’s one of the key risks for all the players out there. They say that the exchange rate of any cryptocurrency is defined purely by the supply and demand. The mining costs boil down to electricity expenses. However, neither Bitcoin nor other digital currencies are backed by anything but people’s trust. 

 

You are free to discuss this article here:   forum for traders and investors

 

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Fed Cuts Key Interest Rate For The First Time In 10 Years

The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM

New Prime Minister Names Brexit Date

It seem that the new Prime Minister of the United Kingdom is really determined about everything related to the Brexit. The process is expected to start in later 2019. Boris Johnson's standpoint on the matter didn't come as a surprise to the international expert community, Market Leader reports. The thing is, he has been well-known for being an advocate ad big supporter of quitting the European Union in general, and doing so without a major agreement in particular, which is also known as the hard Brexit scenario. 

Publication date: 07 August 06:54 AM

Johnson Launches Hard Brexit Ad Campaign

Boris Johnson, who has recently been appointed new UK Prime Minister, is on his way to launch an ad campaign to promote the idea of quitting the EU the hard way, which is also known as the hard Brexit. For those of you who don't know, the hard Brexit scenario implies quitting the European Union without signing a major agreement.

Publication date: 31 July 11:43 AM

U.S-China Trade War Is Sponsored By Consumers

According to the IMF, consumers and producers are the biggest losers in the trade war between the United States and China. Despite growing duties, American companies are not in a hurry to move their production back to the USA.

Publication date: 12 July 01:19 AM

US-China Trade Conflict May Trigger Another Global Financial Crisis

Beijing and Washington are one step away from escalating their trade conflict. The confrontation may harm the entire global economy. Some experts belive that the trade war may also trigger another global financial crisis. At this point, the parties seem to have come to a standstill, which is why the chances of the conflict escalating into a move severe trade war are still growing.

Publication date: 18 June 10:18 AM

WTO Lowers Global Trade Growth Forecast

 WTO experts are reported to have revised their forecast for the pace of global trade growth. The renewed forecast names figures below the previous ones - 2,6% against 3,7%. It's also interesting to note that the previous forecast for 2018 failed to match the actual figures.

 
Publication date: 19 May 02:58 AM

How to Protect Investment Capital in 2019?

Existing political and economic risks are pushing international investors into thinking about the security of their investment capital. Chasing big profits becomes secondary to this kind of security.

Publication date: 31 March 11:26 AM

EU Comes Up With Workaround to US Sanctions

The representatives of Germany, France, and the UK have registered a company to let it trade with Iran despite the US sanctions. The company still needs to be approved by 28 EU members.

Publication date: 31 March 02:33 AM

Beijing and Washington are getting ready for the final talks

Publication date: 17 February 08:58 AM

US-China Trade War Reaches Next Level

Washington and Beijing have announced a new round of talks. International experts say that the trade war is indeed going to a whole new level.
Publication date: 08 January 10:17 AM