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Monday, 13 July 01:17 (GMT -05:00)



Foreign exchange market

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?
 
As for the overall Forbes rating, the first places have been occupied by the same people. Sometimes, they change places for a while. Jeff Bezos, the king of e-commerce and the owner of Amazon, has been leading the rating for years, with 113 billion dollars in assets. Bill Gates comes next with 98 billion dollars. Bernard Arnault is number 3 with 76 billion dollars. By the way, he owns such brands as Louis Vuitton and Hennessy. 
 
The next richest people of the world are Warren Buffett (Berkshire Hathaway), Larry Ellison (Oracle), Amancio Ortega (Zara), Mark Zuckerberg (Facebook), and the Walton family (Walmart).
 
Cryptocurrency Billionaires
 
It turns out that the world's richest cryptocurrency billionaires actually made their fortunes because they happened to be among the first investors when cryptocurrencies like Bitcoin used to be cheap as dirt. They believed in this technology and reaped the benefits later on when Bitcoin grew from a couple of cents per coin all the way up to thousands of dollars per coin. Their collective fortune is currently estimated at around 8,6 billion dollars (1,17 million BTC).
 
Jihan Wu and Micree Zhan founded Bitmain Technologies i 2013 and later monopolized the "mining industry". They made the entire crypto-mining industry dependent on their products, the so called ASIC miner chips. This is an Apple from the world of crypto-mining. The two billionaires own 1,8 billion dollars and 3,2 billion dollars respectively.
 
Chris Larsen, founder of Ripple, is the second richest crypto-billionaire with 2,6 billion dollars. He is number 804 in the Forbes rankings.
 
Brayan Armstrong, he is the 4th richest crypto-billionaire with 1 billion dollars in assets. He is the founder of the Coinbase exchange, which is the biggest cryptocurrency exchange in the United States.

 

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JPMorgan: Bitcoin Turned Into Asset and Survived March Crisis

JPMorgan Chase, one of the biggest banks in the United States and the entire world, analyzed the March crash of the cryptocurrency market and published a report on the results of this research. Bitcoin occupies the lion's share of the report. So, the analysts made the conclusion that the BTC market is getting mature, which is confirmed by a strong correlation with most stock markets.

Publication date: 25 June 11:54 AM

Investment Interest In Bitcoin Drops After Halving

Publication date: 21 June 11:33 AM

Ethereum Is Less Private Than Bitcoin

According to a group of Hungarian experts who decided to examine the Ethereum network, ETH transactions turn out to be less private than BTC transactions. The experts published the results of their research after studying a bunch of several, pretty specific functions of Ethereum. Those functions usually make it possible to track the financial flows in the network.

Publication date: 15 June 02:28 AM

COVID-19 Keeps Affecting Dollar

Right before the start of another trading week of June 2020, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is June 15th - 20th. So, this is what those predictions look like:

Publication date: 14 June 10:55 AM

Goldman Sachs Discussed Cryptocurrencies

Publication date: 07 June 03:57 AM

NordFX Wins "Business Excellence" Award By WORLDCOB

The World Confederation of Businesses, WORLDCOB, which unites over 3500 members from over 130 countries of the world, has recognized NordFX's achievements by awarding the company with THE BIZZ Business Excellence Award.

Publication date: 04 June 08:09 AM

Revolut Reports 68% Increase In Crypto Trading

According to the data provided by a British financial company named Revolut, the limitations related to COVID-19 have been affecting the amount and cost of cryptocurrency transactions made by international users.

Publication date: 04 June 05:19 AM

Cryptocurrencies and Forex. Early June 2020.

Right before the start of the first trading week of June 2020, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is June 1st - 5th. So, this is what those predictions look like:

Publication date: 01 June 08:47 AM

Annual Inflation of XRP Exceeds 20%

The annual inflation of XRP has exceeded 20%, which is 5 times as high as the inflation of BTC. The figures were provided by a research company named Messari. This is the highest annual inflation rate registered among cryptocurrencies with decent market capitalization. Apparently, a major increase in the amount of circulating coins leads to a cheaper coin, which is something that's going on with XRP.

Publication date: 01 June 06:10 AM

Bollinger Bands and Forex Strategies

In this article, we are going to take a closer look at a interesting tech analysis indicator called the Bollinger Bands. Any seasoned trader out there has probably applied this indicator to analysing the price chart in order to make a sound trading decision.
Publication date: 31 May 05:50 AM