Currencies

You might think the currency market is an orderly process for exchanging dollars, yen and euros as trade settles around the world.

Learn why it’s more accurate to think of the currency market as a freewheeling, unregulated and dynamic zone open to interventions, rigging and fixes.

It can lead to all sorts of traps for the unwary investor. Brokers, investment firms, speculators and central banks are all trying to get the market going their way. We try to make sure you’re on the right side of the trade.

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cryptocurrencies are here to stay
Smashing the Paradox
As the crypto revolution takes off, we will be able to leave a broken financial system behind. The slow, inefficient and expensive system that caused the GFC and the dotcom bubble. And by staying in the right cryptos, there is a way to profit from the revolution.
bitcoin price crash
Bitcoin Works!
The crypto market is no stranger to big numbers. Filecoin raised $187 million in one hour in its ICO. Ark — a ‘blockchain platform’ — went up 1,000 times. Nano, whatever that is, rose 3,747 times, transforming an initial investment of $500 into $1.8 million. And there may be more big gains coming in the crypto space. Very, very few people own cryptos. They represent a tiny percentage of money transactions.
crypto
You Could Have Made 70,000% by Investing in ‘Green Beans’
Why are cryptos so interesting for the area? Apart from the attractiveness of recent gains, inflation and hyperinflation are both quite common in the area. As Bloomberg reports, trading volume in cryptocurrencies has increased quicker in countries with capital controls and weakening currencies.
digital currencies and the blockchain
Private Currencies vs. Public Money
Blockchain is definitely allowing people to think about the future of money and how we use that money. And the rise of parallel currencies could increase competition for central banks. That is, if the central bank printed too much money and devalued the currency, people could flock to a more stable private currency.
cash
Just a Piece of Paper
The truth is that we place more value on those pieces of paper than when we see them as a number on the screen. The great thing about cash is also that it gives you some financial freedom. Holding cash gives you control over how and when you spend it but pushing to digital transfers some of that control to the authorities.
free bitcoin if you can solve an art piece
Want Some Free Bitcoin?
Well, not exactly free. It does require you to do some work. As Bauch told Gizmodo, he bought several cryptos and put them in individual wallets. Each piece in the series has a secret key embedded for each wallet. In total, there is about US$10,000 in crypto. Yet knowing cryptocurrencies this could be worth a lot more (or less) tomorrow.
new oil futures contract trading in Yuan
Will This Deal Be a Blow to the Petrodollar?
The new oil futures contract is one of the many Chinese efforts to internationalise their currency. Yet the adoption pace has been slow. However, there could be a couple of catalysts that could cause the currency to grow quicker. If Saudi Arabia starts accepting Chinese currency in exchange for oil, it could increase the Renminbi’s growth, and deal a massive blow to the petrodollar.
Forget Bitcoin and Focus on Stocks
Forget Bitcoin and Focus on Stocks
Have you heard the latest news? Twitter banned advertisements on cryptocurrency initial coin offerings (ICOs). Bitcoin fell 7% on the news. It's currently trading below US$8,000 at the time of writing. Weeks of regulatory uncertainty has weighed on the digital currency.
US dollar
Make Way for the Petroyuan
China is also looking to promote the Yuan around the world to become more prominent in international trade. This is a very big deal. Especially as it is coming at a time when there are increasing tensions between the US and China on trade.
bitcoin cryptocurrency money
What is Happening in the World of Cryptocurrencies?
Binance Exchange is the largest cryptocurrency exchange in the world. The Japanese agency told the exchange it was operating in the country without a license, and threatened to press criminal charges. So, Binance Exchange announced they would be moving to Malta.
Italian flag with coins representing Italy's debt
Italy Throws a Spanner on EU’s Plans
It’s been over a week since the Italian election. The French President Emmanuel Macron and German Chancellor Angela Merkel, were planning for more integration. They want to continue with a banking union to protect members in case of another financial crisis.
bitcoin cryptocurrency money
Is This the Future of Money?
In a crisis, cash is king. But with physical cash disappearing, we are losing control over our own money. Cryptos, being outside of the system, could give you another option to access cash to buy necessities or move money in a time of crisis.
cryptocurrencies are here to stay
Is There a Future for Cryptos?
All appears quiet in the world of crypto. The roaring optimism we saw last year has died down considerably. Though, right now, new cryptos are popping up all the time. Blockchain innovations are even more prevalent. Clearly, the crypto market is still alive and kicking.
bitcoin dead?
Is Bitcoin Dead?
The truth is that bitcoin divides the financial community. US Securities and Exchange Commission may be cracking down on ICOs, but the crypto space doesn’t care. The fact that institutions like Goldman Sachs are investing in the crypto space and blockchain could mean that they are here to stay.