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Saturday, 20 October 16:31 (GMT -05:00)



Business And Politics News

Bitcoin Market Cap Exceeds $150 Billion


Bitcoin’s market capitalization exceeded $150 billion the other day. At the same time, the international expert community keeps on pondering upon the near-term prospects of Bitcoin and other digital currencies.

 

 

 

 
The world’s most popular and expensive cryptocurrency managed to go above the $154 billion threshold. For the sake of comparison, this is twice as much as the cost of Rosneft, Russia’s most expensive company. If Bitcoins were stocks, they could be compared to the stocks of such giants as Adobe and Neflix.
 
At the same time, more and more governments, banks, corporations and retail investors are getting increasingly interested in various digital currencies including Bitcoin, of course. For millions of retail investors out there, this is a relatively quick and easy way to make money. At least, this is what it looks like on the surface. In reality, everything is way more complicated than it seems.
 
In early 2017, Bitcoin cost under $1000. Today, it costs over $4000. This is a very volatile market, a roller coaster. Digital currencies are still unstable and have been subject to continuous ups and downs. That’s why those are not investments for everyone. That’s why you have to really know what to do.
 
Back in the early days, the first investors made tons of money by investing in Bitcoin and other cryptocurrencies. This inspired millions of others who wanted to get rich quick. As a result, trading and mining cryptocurrencies gradually became one of the main trends of 2017.
 
People buy computer hardware for mining like never before. Some of them even get neck-deep into debt to get everything required to start mining digital currencies. Still there are many skeptics who think that it’s really difficult to get rich fast by mining or trading digital currencies these days.
 

 

At the same time, some experts are convinced that the so-called block-chain technology is the door to a whole new world and prosperity. Their opponents think that the world has been obsessed with mining all of those cryptocurrencies, which are essentially a new kind of financial pyramids of global scale, they say. They say that digital currencies are unpredictable, and that’s one of the key risks for all the players out there. They say that the exchange rate of any cryptocurrency is defined purely by the supply and demand. The mining costs boil down to electricity expenses. However, neither Bitcoin nor other digital currencies are backed by anything but people’s trust. 

 

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Crude Oil Prices May Reach $100/b

Ever since the United States imposed new sanctions on Iran, other oil exporters have been trying to make up for the decline in the international oil supply. Some experts are now predicting a strong trend all the way up to $100 per barrel. 

Publication date: 25 September 11:51 AM

New Anti-Russian Sanctions Will Slow Russian Economy Down, Kudrin Says

The new package of anti-Russian sanctions is expected ot be imposed by the United States in November. Apparently, this is not expected to become a disaster ofr the Russian economy, but it still may slow down the economic growth in Russia as well as the the flow of foreign investments to the country. This is what ex-Finance Minister of Russia Alexey Kudrin thinks on the matter.

Publication date: 19 September 12:10 PM

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.

Publication date: 24 August 10:00 AM

Ulysse Nardin Watch in Elite Lombard: Quality Dictated by Time

Elite Lombard has been operating in Moscow since 2003. It was founded by a team of experts with many years of expertise in the industry.

Publication date: 21 August 07:47 AM

Trump is Isolating the USA from the Rest of the World

Fareed Zakaria has commented on the content of today's external policy of the United States. He claims that President Trump's ambiguous decisions have been pushing the United States away form the rest of the world.

Publication date: 13 August 11:38 AM

Business Circles Stand Still Waiting for Fed's Decision

On July 31st - August 1st, Washington is to host another FOMC meeting. For those of you who don't know FOMC is a Fed committee. The entire business and investment world is now looking forward to the result of this FOMC meeting. The key question is whether the Fed is going to keep on toughening its money-and-credit policy. The answer will be revealed later on Wednesday.

Publication date: 31 July 12:05 PM

Fitch Downgrades Economic Forecast for Russian Economy

An international rating agency named Fitch has downgraded the economic forecast for the Russian Federation. In particular, the experts working for the international agency assume that the Russian economy will grow by 1,8% this year. The previous forecast used to be 2% in 2018. The economic forecast for the next year has dropped from 2% down to 1,9%. In 2020, the Russian economy is believed to gain only 1,5%. The long term forecast is also bearish – 1,2% a year on average.

Publication date: 28 June 12:51 PM

When it comes to trade, EU is worse than China, Trump says

Not so long ago, President Trump said that the European Union is worse than China, when it comes to trade relations. This is reported by Axios with reference t anonymous sources. They say this comparison was made during President Trump’s conversation with French President Emmanuel Marcon back in April 2018. Back then, the 2 leaders were discussing the Chinese issue. Macron urged Trump to unite forces with Europe to resist China since China is a trade problem for everyone. 
 
Publication date: 27 June 11:07 AM

Trump Turned G7 Into G6+1

The British media are criticizing Donald Trump's stance and behavior during the recent G7 summit in Quebec, Canada. 

Publication date: 13 June 12:02 PM

G7 Is Ready to Impose New Sanctions on Russia

In the final communique of the recent G7 summit in Quebec, Canada, there is warning for Russia. In particular the G7 warns Moscow that they are ready to impose even more sanctions on Russia in case of further aggression. 

Publication date: 12 June 11:44 AM