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Friday, 23 August 01:58 (GMT -05:00)



Foreign exchange market

Sebastian Forbes: Global Banking System Lags Behind Cryptocurrency Era


Economists say that money is the blood of an economy while banks are its heart and blood system. What happens when the heart and blood system stop working properly? The entire economy will be in jeopardy.
 
Famous financial analyst Sebastian Forbes (EU) raised this problem in his video message in the Internet.
 
Our world is constantly changing. People, cities, countries, and continents are changing. Some changes are rapid. Others last for centuries. Financial and banking systems also seem to meet the demands of the times. 10 years ago, nothing foreshadowed any changes in this area. 5 years ago, the first notes of change appeared. Today, the World Bit Bank project is ready to bring about major changes in this sphere. However, this will change your understanding of finances and banks.
 

Imagine that there is no longer any need to carry cash or several credit cards. Your wallet will turn into just one small card where your money is freely converted into the currency of any other country or cryptocurrency. This card connects all your other cards and accounts in any bank with the help of a single mobile application which allows you to manage it in a single system. There is no need to go to the bank and sign a ton of paper to obtain a loan to buy housing or to pay for studies. There is no fear that your money will be stolen or that it will expire. Just imagine you can make a payment in a few seconds and it doesn’t matter what kind of payment it is. An account in a café, buying a washing machine, or transferring money to relatives or friends. And most importantly, all of this will be transparent, absolutely legal. I believe the successful implementation of the World Bit Bank project will give you a significant impact changes in the world’s financial and banking system.
 
Indeed, that was an amazing and very inspiring speech. It seems like the World Bit Bank project is going to revolutionize the global financial and banking systems in the near future.
 
For those of you who don’t know, Sebastian Forbes is a well-known financier form the EU. He graduated from Oxford University and has been a certified expert in financial audit regulatory relations between financial market participants. He is one of the most respected experts in cryptocurrencies and other financial assets.

 

 

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Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM

Forex and Cryptocurrency Forecast by NordFX. Mid-August 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on August 12, 2019.
Publication date: 11 August 11:42 AM

British Pound And Brexit. What's Next?

The Brexit is going to come to the UK as the result of the 2016 referendum in the UK. 52% of the votes were cast in favor of the Brexit scenario back then. Chances are, the Brexit is going to affect the entire economic and financial system of the United Kingdom, including its national currency - the British Pound.
Publication date: 09 August 09:21 AM

Over 85% Of Bitcoins (BTC) Have Already Been Mined

Publication date: 05 August 03:28 AM

Coinbase Registers a Big Inflow of New Clients

An international cryptocurrency exchange named Coinbase is reported to have registered 5 million users of the last 12 months. This is what the latest report says. In particular, the amount of Coinbase users increased from 25 million users all the way up to 30 million users over the reporting period.

Publication date: 01 August 09:18 AM

Bitcoin Is Likely To Drop, Experts Say

At this point, the market cap of the entire cryptocurrency market is around 263 billion dollars, with over 64% being Bitcoin's share. Ethereum would have to gain more than 700% to break even with the king of cryptocurrencies. At this point, such a scenario looks unreal.

Publication date: 30 July 10:05 AM

Dollar Rate Is Close To 2-Month Highs

The U.S. Dollar is trading around Friday's high while the basket of 6 major currencies is on its way to the second profitable week, waiting for another GDP report from the USA. The dollar rate support a wider spread between the German and American bonds yields.

Publication date: 28 July 08:28 AM

1 Million Dollars For Bitcoin - John McAfee Confirms The Forecast

If someone has been enjoying the BTC rally going on sine early April, today you are probably not that exited about the market conditions since the bears seem to be getting stronger. The BTC exchange rate has dropped and is not trading around $10000 per coin, Market Leader reports.

Publication date: 19 July 04:07 AM

NYSE Launches Slack Technologies' IPO

Publication date: 22 June 05:58 AM

Masterforex-V Names 135 Most Popular Forex Brokers 2019

When trying to increase the amount of new clients, many brokers start massive ad campaigns online. Most of the time, you can see or hear those brokers call themselves the leading players in the industry, the best of the best, which is obviously not true because all of them cannot be as good as they claim to be. This actually makes it really difficult for the common trader or investor to make up their mind when choosing the next broker to go with.

Publication date: 12 June 08:22 PM