Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Sunday, 25 October 06:32 (GMT -05:00)



Business And Politics News

Cryptomarket Quickly Recovered From the SEC's Decision


The global market of cryptocurrencies quickly recovered from the downtrend after the SEC decided to ban the creation of Bitcoin ETFs.
 
According to NordFX, the BTC exchange rate is currently trading around 6562 USD/BTC, Ethereum – 277 USD/ЕТН, XRP (former Ripple) – 0,325 USD/XRP, Bitcoin Cash – 531 USD/BCH. Over the last 24 hours, they gained 1-2%.
 
If to take into account the TOP 40 digital currencies, Tether, USDT happens to be the only one showing negative performance over the last 24 hours. The overal market cap has increased all the way up to 212 billion dollars. Bitcoin is currently occupying over 53% over the entire cryptomarket.
 
On Thursday, the SEC rejected the request to launch the world's first Bitcoin-based exchange-traded funds - ProShares Bitcoin ETF and ProShares Short Bitcoin ETF - as well as the same ETFs by Direxion and GraniteShares. This leads us to belive that we are not going to see a BTC ETF launch this year.
 
In the meantime, international experts have calculated the cryptomarket's losses since the start of the year. It turns out that the market has already lost some 110 billion dollars of its market capitalization since June 2018. In particular, as of June 1st, 2018, the cryptomarket cap used to be equal to 331 billion dollars, but now it has dropped all the way down to 210-220 billion dollars.
 
However, there's good news for crypto investors. The Commonwealth Bank of Australia that emitted the world's first blockchain-based bonds has recently reported about the higher-than-expected demand for their bonds. While the bank emitted 100 million Australian dollars in bonds earlier this year, shortly after that 7 major investors placed their orders for 110 million Australian dollars in bonds.

 

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

 

Add to blog
Got a question? – Ask it here »
 

SEC Announces $10M Bounty For Whistle Blowers

Publication date: 17 September 12:38 PM

Raygan's Former Advisor Accuses the Fed of a Big Fraud

The former budget advisor under Ronal Raygan's administration, of the founders of the so-called Rayganomics, David Stockman, is a big adversary of the Federal Reserve's policies. He thinks that artificial interest rate cuts coupled with uncontrolled QE (money printing) creates madness in financial markets, thus separating asset evaluation from their intrinsic value of those assets.

Publication date: 23 August 07:32 AM

U.S. Labor Market Disappoints, Economy Slows Down

The employment rate in the United States increased by 167.000 people in July 2020. It's important to mention the fact that the data came in much worse than expected. According to Reuters, this increase was expected to reach 1.5 million people. At the same time, July's figures were much worse than those revealed in June 2020.

Publication date: 06 August 10:06 AM

iPhone as a Payment Terminal: Apple Bought a Startup For That

Apple has recently acquired Mobeewave, a startup specializing in online payments. The price of the deal is 100 million dollars. According to Bloomberg, the company's technology may allow Apple to turn iPhones into mobile payment terminals accepting mobile payments. To be more specific, Mobeewave developed a technology making it possible to make financial transactions between mobile devices through the built-in NFC module.
Publication date: 05 August 09:27 AM

China Makes Blockchain Professions Official

There are 1838 officially recognized professions in China. Now, there list is up by 2 professions - blockchain engineer and blockchain app operator. The Chinese Ministry of Human Resources and Social Security (MOHRSS) has recently confirmed that by updating the list of official professions.
Publication date: 20 July 11:42 AM

South Korea Invests Billions In Blockchain Technologies

By 2025, South Korea is planning to invest over 48 billion dollars in  blockchain. The goal is to digitize all of the industrial sectors of the national economy in this post-pandemic era. According to ZDNet Korea, the president highly rated some of the benefits this process may bring to South Korea.

Publication date: 18 July 09:40 AM

Black Lives Matter - Investors Keep Ignoring Major Riot In US In 50 Years. Why?

Everyone has probably heard of the #BlackLivesMatter riots, which have been going on in the United States for a while. However, international financial markets seem to have been underestimating this event, which happens to be the biggest riots in the USA in 50 years! Why is that?

Publication date: 18 June 07:56 AM

Donald Trump Influences Bitcoin Exchange Rate

Publication date: 05 June 04:42 AM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Forbes has recently published the list of 2095 billionaires from different parts of the world. It turns out that 4 of them owe it to cryptocurrencies. Who they are, the cryptocurrency billionaires?
Publication date: 13 April 11:54 AM

Life After Brexit: EU-UK Talks Are Underway

Publication date: 07 March 09:03 AM