Category: Crypto - Page 5 - Forex Dominion

These are the prices that bitcoin needs to reach Visa, Amazon, or Apple

Bitcoin compared with Facebook, VISA and Apple

Bitcoin could be measured against the greats names of the corporate world, given its growth potential.
To catch up with Apple, Bitcoin would have to grow 10 times. A 60% boom would bring it closer to JPMorgan.

While Bitcoin is still on the scale of a midsize corporation, with a market capitalization of about $ 200 billion, various studies rate it as undervalued, and with enormous potential to grow as a safe haven asset. In the various growth scenarios, Bitcoin can challenge giants like Visa, Facebook and Apple in market value.

In the study on Bitcoin as an investment, published on Monday, September 21, Ark Invest analyzed several strengths of bitcoin, including its conditions as a store of value asset or its anti-confiscatory potential. By analyzing the scenarios of maximum development of these strengths, Ark Invest concluded that the capitalization of Bitcoin could reach between USD 3 trillion and USD 5 trillion in the next decade.

China’s digital yuan to be regulated as M0 money

by rcanessa

Once the new currency is issued, it will be classified as M0 (cash issued by the central bank).
Everything indicates that the government refines details, but there is no official launch date yet.

The digital yuan will meet all the requirements to be accepted as legal money and will have all the functions of China’s fiat currency. It will also be regulated like cash. This was pointed out by the vice president of the Central Bank of China (PBoC), Fan Yifei, in a recent publication.

According to the vice president’s opinion article, published on September 14 in the local media “China Financial News,” China’s new central bank digital currency (CBDC) will circulate as M0 (money issued by central banks). This fact means that it will be part of the supply of paper notes and coins of the Asian country, and as such it will be totally controlled by the central bank.

Morgan Stanley strategist predicts good performance for bitcoin and gold in coming years

by rcanessa

Ruchir Sharma believes that next year the inflation of the dollar will be noticed.
For Sharma, the next few years will be better valued stocks that preserve their value.

Morgan Stanley’s head of emerging markets and global strategy commented that commodities such as gold would do well for the next 3-5 years, and included bitcoin among them. Ruchir Sharma shared his point of view with Julia Chatterley, a CNN reporter. In his conversation, he showed his vision on how the economy and the global financial market will behave from 2021.

Kraken Review 2025 – The Safest Cryptocurrency Exchange

by rcanessa

Kraken -It is one of the safest cryptocurrency exchanges -It offers more than 130 pairs of cryptocurrencies. -Low trading commissions Visit Kraken Website Kraken is a popular cryptocurrency exchange where you can buy bitcoins as well as cryptocurrency pairs to speculate. Among the crypto asset trading platforms, Kraken is one of the most famous and popular, with more than 4 million … Read more

Bitcoin is a myth, says Central Bank of France

by rcanessa

Bitcoin does not perform the functions of the currency well, according to the French central bank.
The so-called stablecoins and CBDCs are also addressed in the study.

The central bank of France states in its most recent newsletter, dedicated to means of payment, that Bitcoin has not fulfilled its initial proposal to “replace legal currencies.” In the document entitled Digital currencies: from myth to innovative projects, the Bank of France also addresses stablecoins, as well as the experiments carried out by that institution with the digital euro.

The French central bank report also highlights the use of bitcoin as a “speculative investment” and to “make payments under a pseudonym, which helps protect privacy, but also facilitates the financing of criminal activities.” He even goes so far as to call Bitcoin a “pseudo-currency.”

Shelley: user rewards, decentralization for Cardano

by rcanessa

Shelley introduces in Cardano a new consensus algorithm based on Proof of Participation (PoS).
ADA token owners will be able to earn rewards for block production.

Decentralization has come to Cardano from Shelley, one of its most anticipated forks of 2020.

After almost a month of delay, the community finally witnessed yesterday the launch of this latest update. It allowed the Cardano blockchain to leave behind its centralized network scheme, known as Byron, to begin charting a new, more decentralized path with Shelley.

Satoshi Nakamoto – Who Created Bitcoin?

by rcanessa

Satoshi Nakamoto (1975-present) is the fictitious name of the person (or group of people) who developed Bitcoin.

Although his identity is uncertain, there are several versions of his real identity. Obviously, some versions have more weight than others. In any case, it is believed that his profile is that of a mathematician and cryptographer, around 40 years old. Despite being of Japanese origin, he speaks perfect English. Hence, some versions doubt that the Bitcoin developer is actually Japanese.

Abra app fined for offering investment in US stocks with bitcoin

by rcanessa

The company was accused of selling securities-based swaps without proper authorization.
Despite moving its operations outside the US, the contracts were offered from San Francisco.

The United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced this Monday two fines of $150,000 each against the Abra platform. Regulators determined that the company offered unauthorized operations with bitcoin for the acquisition of cryptocurrency derivatives.

The Payoneer and Wirecard lesson: Bitcoin is a better choice for freelancers

by rcanessa

Key facts:

Payoneer blocked funds affiliated with “Prepaid Mastercard” cards issued by Wirecard.
The event reminds us of the typical phrase of bitcoiners “Not your keys not your money”.

Freelancers are constantly concerned about their money and it is understandable, with cases like the one that just happened with Wirecard and Payoneer. What could be one of the biggest financial scandals in Europe in recent years has become a lesson for freelancers, where Bitcoin could come out on top.

But before we start talking about the benefits that Bitcoin offers for freelancers, it is necessary to delve into the twists and turns of a controversy that has exploded in the heart of Germany. Wirecard is a payment processor with 20 years of experience, initially offering services to gambling and pornography websites. Over time it became increasingly specialized in digital payment methods, even issuing crypto debit cards.

Wundebit Trading integrates Deribit to its social trading platform

by rcanessa

Key facts:

Wunderbit Trading is integrated to various trading platforms such as: Binance, FTX and ByBit. Wunderbit Exchange allows buy and sell trades with Bitcoin and Ethereum with credit cards and Skrill.

The Wunderbit Trading platform is a product of Wunderbit, a Fintech company established and regulated in Estonia. This company makes cryptocurrency trading an easy and entertaining experience, where any user could make a profit even without technical knowledge. But how is this possible? Simple, Wunderbit Trading allows its clients to copy and replicate the same transactions and movements with cryptocurrencies that the best traders of the platform carry out. Just copy the strategy of a specific trader who has a good performance record and then just waits for the results.

+ More