Posts

Showing posts with the label market

P2P Markets Report: Record-Breaking Volume Across VEB, ARS, and PHP Markets

-
Image
The peer-to-peer BTC markets of numerous emerging markets have witnessed significant action this past week, with the Localbitcoins markets of Venezuela, Argentina, and the Philippines posting record weekly fiat trade volume. The P2P markets of Tanzania and the Dominican Republic also saw notable surges in trading activity. Venezuela and Argentina Witness All-Time High Fiat Volume for P2P Trade A number of Latin American P2P BTC markets have witnessed an upsurge in trading activity this past week, with Venezuela and Argentina setting new records for the fiat value of weekly trade volume on Localbitcoins, according to Coindance. A record-breaking nearly 21 trillion Venezuelan Bolivar (VEB) (roughly $84.5 million USD) worth of BTC exchanged hands on Localbitcoins during the week of the 11th of August. When measured in BTC, this past week saw the second highest volume ever for the P2P BTC/VEB markets, with 695 BTC traded in a single week. https://news.bitcoin.com/p2p-mark...
Post a Comment
Read more

Bitcoin Price Action: The Market Dip, the Bitcoin Whale and Crypto’s Future

-
Image
A futures trader is playing a role in today’s cryptocurrency market slide, as Bitcoin (BTC) dropped 7% to around $7,000, dragging some altcoins into double-digit losses. Hong Kong-based OKEx, the world’s second largest cryptocurrency exchange by trading volume, said it was forced to cover a trade when an anonymous futures trader, who made a wrong-way bet on Bitcoin, was unable to cover losses when Bitcoin’s price went down. The enormous long position, worth approximately $416 million, was force-liquidated on July 31. At that time, OKEx released a statement that due to the sheer size of the order, their risk management system could trigger the “societal loss risk management mechanism.” Under the risk management mechanism, profitable futures traders (aka counterparties) are forced to give up approximately 18% of their earnings to cover losses generated by the investor who placed the enormously bad trade. https://dailyhodl.com/2018/08/04/bitcoin-price-action-the-market-dip-the-b...
Post a Comment
Read more

Popular posts from this blog

When the game is rigged: The Helping Hand

-
Image
Part 4. It's July 1998, and we have reached the business end of the World Cup in France. France square it against current defending champion Brazil. Everyone knew what dangers posed by the Samba boys. It's not a fluke this nation has 4 winners medal to their name. And besides they had the deadliest attacker in the game, Ronaldo De Lima. In a charged arena, finally the whistle went for kick off. The French were on the attack from start to finish and they won their first trophy. Two goals from Zinedan Zidane and a third from Emmanuel Petit secured victory. Now why am I telling you this story? What's all this have to do with succeeding in business and life. Yes, hard working France won, big deal! They won their second trophy last year, what's the point? Yes, France won that trophy but its not that victory which is so important. It's the news that later emerged about how they won. In 2018 former UEFA president, Michel Platini, revealed how they ...
Read more

When the game is rigged: The Secret Formula

-
Image
Part 3: Studies shows that it's neither the best products that sell the most nor the best boxer which wins every bout. Yes, hard work, persistence, perseverance, a fiery passion and an impeccable altitude are all factors of success but then there is something more. A secret formula which can turn everything, even a sows ear into a silk purse. Every champion knows that despite the fact that they got themselves to the edge of glory relying on being dogged and long suffering, real success wasn't achieved until they discovered the little piece of rare magic that transformed their efforts into victory. An African adage says...that thing which the Elder are using to eat their pudding is under the leaf wrappings... And they also say...If a child knows how to clean his hands, then he would eat with the Elders.... True victory can only come if you have discovered that the games of wealth are rigged and you would need an 'Elder' who deem you clean enough to '...
Read more

Bitcoin, Crypto and Banks: Economist Says It’s the End of Government Monopoly on Money

-
Image
Jeffrey Tucker, economist and editorial director for the American Institute for Economic Research, is calling out banking elites and governments for their long-standing monopoly on money, which has led to “world wars, depression and inflation, enormous government indebtedness, and the rise of leviathan states that learned to print their way to power and riches.” In a recent report, Tucker advises central banks and governments to stop meddling in the world of crypto — where they’re not wanted, not qualified and not going to succeed. But banks are hardly lying down and rolling over. They’re lining up solutions to kick Bitcoin and crypto to the curb, challenging the fintech startups that are vying to take away their monopoly and world dominance. Tucker addresses their central scheme to stop the competition: issue their own digital currencies. But a government-backed, central bank-branded coin would have nation-state borders and would live on a permissioned blockchain. It would ...
Read more