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Saturday, 24 February 13:33 (GMT -05:00)



Foreign exchange market

Billionaire Cuban Calls Cryptocurrencies and Blockchain the Future of Financial Markets


American billionaire Mark Cuban thinks that cryptocurrencies and the blockchain technology is the future. He shared his opinion with the public during his interview with Bloomberg. He talked about Bitcoin and the development prospects for the entire industry of digital currencies.

 

 

 

 
In particular, he thinks that Bitcoin and the blockchain technology, which is the core technology behind each and every cryptocurrency out there, as well as the Distributed Ledger Technology (DLT), can open the door to a more advanced future. The billionaire also disproved the assumption that Bitcoin is not real and has no really value whatsoever. By the way, this is the common assumption most experts share.
 
Mr. Cuban claims that Bitcoin can be compared to conventional stocks that can be bought and sold by investors. The entrepreneur thinks that’s an interesting approach since there are quite a lot of assets backed by pure supply and demand these days. Moreover, most stocks don’t have intrinsic value. He says that in reality shareholders don’t have any property rights, and they cannot vote. All the can do is just buy, hold, and sell those stocks. That’s why he compares modern stocks to baseball cards, which is why Bitcoin is no different from stocks in this aspect.
 
Apart from that, Mr. Cuban confessed that he was going to load up on Bitcoin long ago. He confirmed his investments in Bitcoin and some ICOs. He bought Bitcoin through XBT Provider, a Swedish Bitcoin ETF, since this seemed a liquid investment. He has been participating in ICOs and actual token sales since he thinks that blockchain is an innovative technology of the future.
 
Investor had a change of heart
 
It’s interesting to note that the recent statements made by the billionaire contradict his earlier statements. He used to call Bitcoin a market bubble. However, the recent steps made by his company regarding the cryptocurrency can be seen as optimistic. As mentioned, the billionaire and his company have been heavily investing in ICOs and the blockchain technology.
 
Still, some other respected financial experts are still feeling negative about Bitcoin. For instance, in late September 2017, JP Morgan Chase CEO Jaime Dimon called Bitcoin a fake currency and a good fit for criminals. Ray Dalio, President of Bridgewater Associates, thinks Bitcoin is a market bubble which is going to burst over time. Some other experts also think that Bitcoin is backed by nothing but some software creating artificial deficit, which they think is something weird.
 

 

At the same time, despite the constant flow of criticism coming from a range of respected market players, Bitcoin keeps on going up in value. NordFX reports that Bitcoin is currently trading at a level well over $4700.

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Bitcoin Exchange Rate Drops Below $9000

Earlier today, the BTC exchange rate continued its way down to new local lows. In particular, it temporarily dove below the psychological threshold of 9000 dollars per 1 BTC. According to Coinmarketcap, the current local low is 8720 USD/BTC.

Publication date: 02 February 03:41 AM

Skeptics Predict Bitcoin Crash

As the amount of Bitcoin users is growing like never before, the amount of Bitcoin skeptics is growing as well. They are warning us that Bitcoin is doomed to crash at some point in the future. There are respected investors among them, who think that the rapid growth of Bitcoin and other altcoins is dangerous to those investing in them.

Publication date: 26 January 03:51 AM

Muslims Are Forbidden to Trade and Mine Bitcoin

The Grand Mufti of Egypt Shawki Allam is reported to have issued the so-called fatwa (which means a ban on something) against cryptocurrencies. This means that Muslims can no longer trade or invest in Bitcoin or other cryptocurrencies. To be more specific, the Mufti thinks that trading cryptocurrencies is almost the same as gambling. Yet, gabling is strictly forbidden in Islam.

Publication date: 12 January 03:19 AM

Alpari’s Mobile App Gets Over 400K Users

Over the last few years, the amount of online traders using mobile apps has increased dramatically. The stats show that most of the time mobile forex traders choose mobile trading apps by Alpari, one of the biggest brokers in the international forex industry.


Publication date: 03 January 07:06 AM

Bitcoin Harms Natural Environment

 Today, only 1% of the global population is investing in cryptocurrencies.  However, mining those cryptocurrencies is something that all of us have to pay for. This is what Deutsche Welle thinks on the matter.

Publication date: 02 January 11:43 AM

Bitcoin May Trigger Another Major Financial Crisis

 Some experts say that Bitcoin and other cryptocurrencies may trigger another major financial crisis.

Publication date: 02 January 11:42 AM

Fort Financial Services ¬– World’s Best Forex Bonus Offer 2017

Masteforex-V Academy has recently announced the results of the annual contest named «World’s Best Forex Bonus Offer 2017». Fort Financial Services won the title as the forex broker occupying the first position in the corresponding rating by Masterforex-V Academy.

Publication date: 28 December 09:28 PM

Bitcoin Exchange Rate May Drop to Zero, Morgan Stanley Experts Say

Bitcoin may drop all the way down to zero dollars. This is what Morgan Stanley analysts led by James Faucette told Business Insider. Such a gloomy forecast for the world’s first and most expensive cryptocurrency to date showed up amid another major drop in its exchange rate. The thing is that Bitcoin dropped by 40% from 19K dollars all the way down to 11,8K dollars on December 22nd. 

Publication date: 26 December 12:21 PM

Bitcoin is Yet to Win Major Investors’ Trust

The first Bitcoin futures were finally launched in the USA. However, despite the fact that cryptocurrencies have already been recognized a part of the financial world, skeptics still don’t believe in them and anticipate a cryptocurrency market crash. 

Publication date: 25 December 05:49 AM

Alpari PAMM Service Gets Its Monthly Turnover Exceed $15 Billion

Most people prefer to keep their savings in a bank. They believe that despite those tiny interest rates they get paid, storing money in a bank account is way safer than anything else. The point is, we are talking about storing money while it’s wiser to invest money so that it could make even more money. For example, Europeans like to consider investing their money in various kinds of assets. They further spend their profits on some big purchases or education for their kids.

Publication date: 21 December 03:17 AM