Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Saturday, 21 July 01:34 (GMT -05:00)

Foreign exchange market

Bulgaria May Trigger Bitcoin Crash

The international Bitcoin community has been shocked by the news that a relatively small European country named Bulgaria (the national GDP was 52,4 billion dollars in 2016) make force Bitcoin into crashing!
To be more specific there are rumors on the Internet that the local government of this Balkan country owns over 213 000 BTC, which is currently estimated at 3,5-4 billion dollars. This is enough to cover 18% of Bulgaria’s national debt.

How come the Bulgarian government owns 1,25 of the global Bitcoin stack to date? They say the digital currency was taken away from the hacker group that had been arrested for hacking the local customs service’s servers and helping their clients evade customs duties.

They arrested 23 hackers with loads of cash, hardware, banking data and docs, and of course 213K Bitcoins. It’s clear that the criminals accepted the digital currency to remain anonymous. There is no denying the fact that criminals like cryptocurrencies. Back then, the arrested Bitcoin stack cost around 500 million dollars. Since Bitcoin has been growing in value like never before, the stack now cost around 4 billion dollars, experts say.

At this point, it's unclear how the Bulgarian government is planning to spend the Bitcoin stack. On the one hand, it’s tempting to catch at the chance to spend the money in order to cover a certain part of the national debt. On the other hand, them can wait for a while and if the rally continues, the stack will definitely grow in value even more. Moreover, there is no legal framework in Bulgaria when it comes to cryptocurrencies. If it’s up to legislators to decide, they are usually slow to think and make decisions.


Still, Bulgaria car really undermine the Bitcoin rally if they decide to cash out. Even though the stock is relatively insignificant – just 1,2% of the global stack, if they decide to put 213K BTC on sale at once, this is going to bring the exchange rate down a lot, especially as BTC futures now give big players the right to short Bitcoin. 
Well, we’ll wait and see…    


You are free to discuss this article here:   forum for traders and investors


Add to blog
Got a question? – Ask it here »

Bitcoin Gets Cheaper on News about Hacking Swiss Cryptocurrency Exchange Bancor

On July 11th, Bitcoin and other altcoins continued their downtrend started on Monday. International experts say that the biggest reason for that is the news on hacking a Swiss crypto exchange known as Bancor. In particular, they say, the hackers stole 23,5 million dollars in crypto coins.

Publication date: 12 July 11:32 AM

Bitcoin Rate Reaches 6700 USD/BTC

At the end of the trading week, the BTC exchange rate reached 6700 USD/BTC. The entire cryptocurrency market showed confident growth as well.

Publication date: 08 July 07:56 AM

This week Bitcoin may raise to 7000 USD/BTC

 This week, Bitcoin may grow in value all the way up to 7000 USD/BTC, some experts say. As you probably know, the past trading week wasn’t successful for the world’s first cryptocurrency, as well as for the rest of the crypto market. 

Publication date: 25 June 10:41 AM

UK to Start Litcoin Futures Trading

Starting from tomorrow, international investors will be limited only to buying Bitcoin futures. The thing is, on June 22nd, a UK-based crypto futures platform named Crypto Facilities launches Litecoin futures.
Publication date: 21 June 01:06 PM

Will Bitcoin Dive Below $6000?

Publication date: 19 June 12:42 PM

Today’s Bitcoin Rate Signals Growing Risks in Banking Sector

Yesterday, the BTC exchange rate suddenly started growing, probably as a part of a recovery move against the existing downtrend. According to CoinMarketCap, the current BTC exchange rate is somewhere above 7500 USD/BTC. Over the last 24 hours, the world’s first cryptocurrency has gained some 5%, trying to recover from May’s downtrend (in case you don’t know, the coin has lost 20% since early May before starting to recover yesterday).

Publication date: 31 May 08:33 AM

Bitcoin Goes Down Before Another Rally?

The BTC exchange rate keeps on going down while being driven by a number of factors and circumstances. International experts say that the price of the world’s first and most popular cryptocurrency is currently going down just to gain some momentum later and skyrocket to new highs.

Publication date: 29 May 11:19 AM

Masterforex-V Analysts name Successful ICOs in May 2018

For those of you who don’t know, an Initial Coin Offering (ICO) is all about raising funds. To be more specific, startups sell their underlying crypto tokens in exchange for existing crypto currencies, mostly Bitcoin, Ethereum and other altcoins out there. This resembles an IPO in the stock market where investors buy a newly offered stock.

Publication date: 23 May 12:14 PM

Bitcoin Will Hit $20K, CoinShares Says

Bitcoin is really capable of getting back to the all-time high at $20K per coin. This is what founder of Coinshares Danny Masters thinks on the matter. He is not a rookie in this business. His company has been creating investment products for the cryptocurrency market and conducting blockchain-related research for years. Mr. Masters believes in the future of Bitcoin and altcoins. However, he thinks the market is yet to pass a few development stages. 

Publication date: 20 May 08:38 AM

German Stock Exchange Börse Stuttgart Welcomes Cryptocurrencies

Soon enough, maybe this fall, German stock exchange Börse Stuttgart is going to start working with cryptocurrencies. For that purpose, the exchange is expected to use its branch. Trading cryptocurrencies will be implemented through the Bison app. The expected trading turnover is around 100 billion dollars.

Publication date: 17 May 12:00 PM