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Sunday, 24 September 18:29 (GMT -05:00)

Foreign exchange market

Cryptocurrency for Investors: Vulnerability Overweighs Profitability?

Cryptocurrencies have been dominating international headlines over the last few months. Unfortunately, there are some unpleasant speculations and manipulations seen in the market despite the continuous growth shown by Bitcoin, Litcoin, Ethereum and other popular digital currencies. After Bitcoin, which is the leading cryptocurrency, saw a 20% drawdown, Ethereum, which is the second-biggest digital currency in terms of market capitalization, followed its senior brother. While Bitcoin retraced for objective reasons, Ethereum crashed on rumors about the its founder’s death, which turned out to be a lie. The founder is safe and sound. So, later on, the digital currencies managed to recover, but then plunged again. Moreover, this has been a continuous roller coaster ever since digital currencies came into existence.




The thing is that crypto currencies has been vulnerable and sensitive about many external and internal factors, which is why they have been so volatile. And that’s something that worries international investors and has a negative impact on the entire sector and its market capitalization.
However, all of that is just one side of the coin, and it’s purely financial. However, cryptocurrency trends have been heavily influenced by other news beyond the financial scope. This has to do with revealing fraudulent schemes, which in its turn creates concerns and discussions. All of a sudden, investing in cryptocurrencies doesn’t look that secure. The thing is, those currencies are anonymous, and that’s why they have been heavily used for money laundering and making dirty money of criminal nature.


Why do they send cryptocurrency exchange owners to jail?


So, some of those drawdowns in the market were triggered by the news associated with criminality. The owner of Coin.mx was sentenced to 5 years in jail for money laundering schemes involving digital currencies. Apparently, the exchange is now closed.
Some members of the international community also claim that he was involved in big-scale hacker attacks, including the attack on JPMorgan Chase. And the list of such cases is rather long.

Chinese cryptocurrency exchanges are under pressure


China is one of the first who declared war on those who use digital currencies for illegal purposes. By the way, China punishes frauds really seriously – life-term imprisonment or even death sentence. Probably, that’s one of the reasons why all of the local cryptocurrency exchanges are willing to cooperate with the People’s Bank of China behind the closed doors, especially as the Chinese government changed their attitude towards digital currencies earlier this year.
It’s should be noted that the People’s Bank of China started an investigation against Chinese cryptocurrency exchanges to check them for involvement in money laundering. As a result, they had to quit using leverage and introduced transaction fees. Apparently, those changes affected the local segment of the cryptocurrency market. The transaction volume dropped considerably while the central bank promised to go on with their investigation.


Bitcoins for Petya and scams


When it comes to scams, we cannot but recollect the virus called Petya. This was a devastating virus attacking major corporations, networks, and even smaller firms worldwide, including, Spain , the UK, India, Belarus, Norway etc. However, Russia and Ukraine suffered most of all.
The hackers demanded $300 in Bitcoins to get the information unblocked. And many of the victims agreed to pay. Over the first day of hacker attacks, the victims paid over $5500. Yet, this is not the first case of successful blackmailing related to cryptocurrencies.
Another case has to do with Freewallet, which is a service designed to store various cryptocurrencies like Bitcoin, Ethereum etc. A lot of Freewallet users complained that someone had stolen their money. Ethereum Blockchain analytic insruments showed that someone had really stolen 21000 Ethereum coins, which was equal to 8 million dollars back then. The thief had chosen the victims randomly.
Since Freewallet developers still haven’t commented on the matter, the victims are afraid that Freewallet is a scam itself.


Investors’ thoughts on the risks of investing in cryptocurrencies


It’s interesting to note that all of those facts still haven’t made some investors change their attitude to digital currencies in general. They still think that investing in cryptocurrencies is safe and the blockchain technology is the future of global finances and investing.
For example, some of them think that using cryptocurrencies as payment means is just the first step in the process of abolishing taxes through inflation. The next step is creating an alternative blockchain-based investment ecosystem. This decentralized financial system will be designed to back security for all assets, including, stocks, bonds, options etc. thanks to cryptography tools, investment assets can be emitted by anyone without the necessity to trust third-party issuers. Everything is going to be done through mining, the way it’s done today with Bitcoin. The question is, will this innovative protocol secure the users against hackers, who are getting increasingly interested in the decentralized and unregulated cryptocurrency environment?




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NordFX Offers IB Partners Bigger Profit Opportunities

 When it comes to professional moneymaking in today’s Forex environment, everything basically boils down to 2 options:

a) You make money directly from trading currencies.
b) You become some kind of an affiliate in the FX business. More specifically, you work as an Introducing Broker (IB) for an FX broker and get paid for inviting traders to join the company. More often than not, IBs get paid 20% to 50% of the spread paid by the trader. The IB pays a certain share of the profit back to the trader as a rebate (that’s a kind of cashback). So, rebate is some kind of an extra profit for the trader. By the way, rebate is something that’s become natural in the international Forex community.
Publication date: 24 September 02:38 PM

Is it Worth Becoming a Bitcoin Investor?

Over the last 12 months, Bitcoin has gained almost 600%. That’s why more and more people all over the world are starting to think about investing in Bitcoin and other digital currencies, Market Leader reports.

Publication date: 24 September 07:50 AM

World’s Best Forex Brokers Revealed: NordFX, Alpari and Dukascopy

When it comes to Forex or any other financial market out there, successful trading and investing depends on a number of components. However, the 3 major pillars are a time-tested trading system, conservative money management, and a reliable Forex broker. If you ignore any of the pillars, FX trading or investing instantly turns into gambling, with no chance to succeed in the long run.

Publication date: 21 September 08:17 AM

NordFX Simplifies Cryptocurrency Trading

NordFX, one of the leading forex brokers, is offering traders a pleasant surprise. Since September 4, any NordFX client can start trading Bitcoin or other cryptocurrencies on their Standard account. For now, the asset index has been expanded with 3 assets – BTC/USD, LTC/USD, and ETH/USD. This means that you can trade those 3 digital currencies through MetaTrader 4. We remind you that previously, NordFX clients had to open a standalone “Crypto” account to start trading those cryptocurrencies.

Publication date: 19 September 04:00 PM

Blockchain Will Oust VISA, Ethereum Co-Founder Says

 According to Vitalik Buterin, co-founder of Ethereum, claims that the blockchain technology is going to oust conventional financial companies like VISA from the market or at least take most of their market share in the near future. The co-founder of Ethereum, which is one of the most popular cryptocurrencies to date, told that during the Q&A for TechCrunch, Market Leader reports.




Publication date: 19 September 05:34 AM

Bitcoin to Grow by 30% More in 12 Months, Experts Predict

By mid 2018, Bitcoin is may reach $6000 per 1BTC. This is what Tom Lee, who is the founder of Fundstat, thinks on the matter. According to the respected analyst, the chances of Bitcoin reaching this $6K threshold is pretty high right now. Yet, he assumes that this will not be the limit and the world’s first cryptocurrency will break about the $6K threshold some time later.




Publication date: 18 September 11:38 AM

Pavel Krymov: China’s Bitcoin Ban Is Probably All About Manipulation

Pavel Krymov, a famous expert on financial markets, urges investors to stop panicking about the news that China supposedly banned Bitcoin.





Around a week ago, international headlines cried that the People’s Bank of China had banned ICOs. For those of you who don’t know, an ICO stands for an Initial Coin Offering and has to do with crypto currencies.
Publication date: 14 September 12:10 AM

Bitcoin Market Cap Exceeds $150 Billion

Publication date: 09 September 04:10 AM

Masterforex-V Expo Names Best FX Brokers for Beginners. August 2017

The first crucial choice anyone has to make when coming to the international forex market is to choose the right forex broker. Most people out there are convinced that all brokers are the same and choosing the broker is something irrelevant, which is not the case.




Publication date: 04 September 01:27 AM

New Bitcoin Cash Instantly Enters TOP3 Cryptocurrencies in Terms of Market Cap

For those of you who don’t know, the world’s first and most popular cryptocurrency Bitcoin split in half on August 1st, 2017. Now, there are 2 versions of it – Bitcoin and Bitcoin Cash. As for, Bitcoin Cash, it instantly became among the leading cryptocurrencies in among market capitalization.
Publication date: 29 August 07:05 AM