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Don’t be afraid, China will not ban cryptocurrencies

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In 2008 after the financial crisis, a paper entitled “Bitcoin: Peer-to-Peer Electronic Cash System” was published, which introduced the concept of the payment system in detail. Bitcoin was born. Bitcoin has won the world’s attention because of its use of blockchain technology and as a substitute for legal tender and commodities. Blockchain is known as the second best technology after the Internet, and it provides solutions to problems that have not been resolved or ignored in the past few decades. I will not delve into its technical aspects, but I recommend the following articles and videos:
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How Bitcoin works

A brief introduction to blockchain technology

Ever wondered how Bitcoin (and other cryptocurrencies) actually work?

Fast forward to today, on February 5 to be precise, the Chinese authorities just announced a new set of regulations banning cryptocurrencies. Last year, the Chinese government had done this, but many people used foreign exchange to avoid it. Now, it has invited the all-powerful “Great Firewall of China” to block foreign exchange entry to prevent its citizens from conducting any cryptocurrency transactions.
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To learn more about the position of the Chinese government, let us go back to 2013, when Bitcoin became more and more popular among Chinese citizens and the price soared. Regarding price fluctuations and speculative activities, the People’s Bank of China and five other government departments issued an official announcement in December 2013, titled “Notice on Preventing Bitcoin Financial Risks” (link is in Mandarin). The following points are emphasized:

1. Due to various factors such as limited supply, anonymity, and lack of centralized issuers, Bitcoin is not an official currency, but a virtual commodity that cannot be used on the open market.

2. All banks and financial organizations are prohibited from providing financial services related to Bitcoin or engaging in transactions related to Bitcoin.

3. All companies and websites that provide bitcoin-related services should register with the necessary government departments.

4. Due to the anonymity and cross-border nature of Bitcoin, organizations that provide services related to Bitcoin should implement preventive measures such as KYC to prevent money laundering. Any suspicious activity, including fraud, gambling and money laundering activities, should be reported to the authorities.

5. Organizations providing Bitcoin-related services should educate the public about Bitcoin and the technology behind it, and should not mislead the public with wrong information.

In layman terms, Bitcoin is classified as a virtual commodity (such as points in a game), which can be bought and sold in its original form and cannot be exchanged with legal tender. It cannot be defined as currency, it is a medium of exchange, an accounting unit and a store of value.

Although the announcement date of the notice is 2013, it is still relevant to the Chinese government’s position on Bitcoin, and as mentioned above, there is no sign that Bitcoin and cryptocurrencies are banned. On the contrary, regulations and education about Bitcoin and blockchain will play a role in the Chinese crypto market.

A similar notice was issued in January 2017, again emphasizing that Bitcoin is a virtual commodity rather than a currency. In September 2017, the initial coin offering (ICO) boom led to a separate announcement titled “Notice on Preventing the Financial Risks of Issuing Tokens”. Soon thereafter, ICOs were banned, the Chinese exchanges were investigated and eventually closed. (Hindsight is 20/20 and they have made the right decision to ban ICO and stop meaningless gambling). In January 2018, the mining industry faced a severe blow, citing excessive electricity consumption, which caused another blow to the cryptocurrency community in China.

Although there is no official explanation for cracking down on cryptocurrencies, capital controls, illegal activities, and protecting citizens from financial risks are some of the main reasons cited by experts. In fact, Chinese regulators have implemented stricter control measures, such as overseas withdrawal limits and supervision of foreign direct investment, to limit capital outflows and ensure domestic investment. Anonymity and the convenience of cross-border transactions also make cryptocurrency a favorite means of money laundering and fraudulent activities.

Since 2011, China has played a vital role in the rise and fall of Bitcoin. In its heyday, China accounted for more than 95% of global Bitcoin transactions and three-quarters of mining operations. As regulators stepped in to control trade and mining operations, China’s dominance has been greatly reduced in exchange for stability.

As countries such as South Korea and India followed closely with repressive actions, it is now casting a shadow over the future of cryptocurrencies. (I repeat my point here: countries are regulating cryptocurrencies, not banning them). There is no doubt that in the coming months, we will see more countries join in to control the volatile crypto market. Indeed, some kind of order should have been executed long ago. In the past year, cryptocurrencies have experienced unheard of price fluctuations, and ICOs actually happen every other day. In 2017, the total market value rose from $18 billion in January to a record high of $828 billion.

Nevertheless, despite the suppression, the Chinese community still showed surprisingly good mood. Online and offline communities are booming (I personally participated in many events and visited some companies), and blockchain startups are emerging all over China.

Major blockchain companies such as NEO, QTUM and VeChain have received widespread attention in the country. Startups such as Nebula, High Performance Blockchain (HPB) and Bibox have also gained considerable traction. Even giants such as Alibaba and Tencent are exploring the functions of blockchain to enhance their platforms. The list continues, but you let me understand. This will be HUGGEE!

The Chinese government has also been embracing blockchain technology and has increased its efforts in recent years to support the establishment of a blockchain ecosystem.

In China’s 13th Five-Year Plan (2016-2020), it called for the development of promising technologies, including blockchain and artificial intelligence. It also plans to strengthen research on the application of financial technology in supervision, cloud computing and big data. Even the People’s Bank of China is testing a blockchain-based digital currency prototype. However, since it may be a centralized digital currency with some kind of encryption technology, it remains to be seen how Chinese citizens adopt it.

The launch of the Trusted Blockchain Open Laboratory and the China Blockchain Technology and Industry Development Forum organized by the Ministry of Industry and Information Technology are other measures taken by the Chinese government to support the development of China’s blockchain.

The report entitled “2018 China Blockchain Development Report” recently released by the China Blockchain Research Center detailed the development of China’s blockchain industry in 2017, including various measures taken to regulate mainland cryptocurrency. In another part of the report, the report focuses on the optimistic prospects of the blockchain industry and its extensive attention from venture capital and the Chinese government in 2017.

All in all, despite the Chinese government’s enforcement of cryptocurrency and mining businesses, it still shows a positive attitude towards blockchain technology. China wants to control cryptocurrency, and China will gain control. Repeated enforcement by regulators aims to protect their citizens from the financial risks of cryptocurrencies and limit capital outflows. As of now, it is legal for Chinese citizens to hold cryptocurrencies, but they are not allowed to conduct any form of transactions. Therefore, communication is prohibited. As the market stabilizes in the coming months (or years), we will undoubtedly see a resurgence in the Chinese crypto market. Blockchain and cryptocurrency go hand in hand (except for private chains that do not require tokens). Therefore, countries must ban cryptocurrencies without banning the awesome technology of blockchain!

One thing we can all agree on is that blockchain is still in its infancy. Many exciting developments await us, and now is definitely the best time to lay the foundation for a world that supports blockchain.

Last but not least, HODL!

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8 ways to quickly improve your business with virtual events

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How to host successful virtual events, such as TV series and TV series, is a strategy that every entrepreneur who wants a large, targeted, and super profitable subscriber list must know.
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What is a virtual event? In short, this is a series of remote seminars, hosted by a group of experts (your joint venture partners), covering specific topics or topics.

For example, every year my husband/business partner and I host a webmaster conference call during International Cyber ​​Week. Every year, the event also attracts a large number of new related subscribers and income. Our business is developing by leaps and bounds, not as slow as usual.
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Hosting virtual events is my #1 marketing strategy for 8 reasons:

1) Quickly establish the list: The collective promotion work of the joint venture team has created a huge influence. For example,… the average list size of 10 well-known partners is 10,000, which means that your event will be attended by 100,000 people.This is good for you-good for your joint venture partner

2) The construction of the relevant list: When completed correctly-the flood of new subscribers attracted through virtual events is targeted and relevant to your field of expertise. Therefore, you will have the best of both worlds: quantity + quality. And, when it comes to list building, this is a winning combination! The more relevant your list, the easier it is to build rapport and the more likely they are to become paying customers.

3) Instant income: Planning virtual events in the right way provides valuable opportunities that can generate immediate income. That’s right, a certain percentage of the target and related subscribers you attract will immediately become paying customers.

4) A catalyst for growth: Virtual events are a catalyst for huge growth. My business is advancing by leaps and bounds, rather than step by step. I can also take advantage of the momentum and buzz created by virtual events. And so can you!

5) Do more with less: In my opinion, virtual activities are the ultimate Leverage. By collaborating with other experts in your niche, the collective energy and energy can increase your list, increase credibility and stimulate income. Now you can influence more people and…do more and more things you like to do!​​
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6) Gain credibility through the association: When you cooperate with other well-known experts in your field, you can improve your credibility through the association. And, as the person in charge of the joint venture, you can also improve your reputation! “Oh wow! You know [insert name of super cool guru JV partner]? I am very impressed”

7) Strong and beneficial relationship: Cooperating with other experts to create a joint venture can improve your credibility through the association. When you add value and increase their life, they want to add value and increase your life. These mutually beneficial win-win relationships are priceless.

8) Marketing becomes easy and fun! Marketing becomes simple and fun! The motivation generated by each event allows me to get the most benefit in time and money. The key word here is leverage again. The virtual event is SMART marketing on steroids!

Have you been on the sidelines and admiring other people who have made a leap in business through virtual events?

Now it is your turn…

You will be surprised how simple it is. If you are ready, I am ready to teach you in detail how to create your own 100% unique Telesummit, so that you can enjoy a large number of new target users, instant reputation and more money!

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Introduction to Web Directory

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Simply put, a website directory refers to a website that provides a list of websites. It is also called the subject directory. There is a difference between search engines and web directories. In this article, we will dive into this service. Read on to learn more.

Search engine and website directory

Although both services can help you find what you need on the Internet, the main difference between the two is that search engines will automatically collect links for you. On the other hand, all the links you see on web directories are collected by real people.

The search results on the website directory contain many links organized in different categories. Using the website directory, you can easily find the website you need based on the theme. On the other hand, Google can help you find websites and blogs by certain keywords.

In most directories, websites are listed by subject. This is why they are called subject directories. All the sites in the list were added by real people. In other words, all sites are manually listed on different pages of the directory.

In order to add content to the web directory, the owner needs to add a title link and other required information for each website. Based on the function of the Web directory, the owner of a new website can also request the administrator of the directory to list their website. Some catalog submissions are free, while others require payment.

On the site directory, you can choose from two methods to find content. Another method is to type the desired keywords in Google, and another method is to check out different categories.

Should you use a web directory?

Now, you may be wondering whether you should use a search engine or a web directory. The main reason for using the former is that search engines have a huge database of websites and blogs. On the other hand, the site list of the site directory is limited.

The purpose of the web directory is to provide a list of trusted sites. For example, if you are looking for the best online games for children, you can find a curated list of these sites. You don’t need to perform regular searches on Google, as these search results may provide many irrelevant results. These sites may contain viruses and other inappropriate games.

In the final analysis, choice is your choice. So if you want to choose from the list of sites provided by Google, Yahoo, or Bing, you can continue. However, if you don’t want to waste time browsing many websites to choose the website you want, it is better to use a website directory.

To make a long story short, this is an introduction to website directories and the difference between search engines and website directories. Hope this article is helpful to you.

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How to start an ICO-some questions to ask yourself

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Many people believe that cryptocurrency is the next frontier in the world of financial technology. Issuing an ICO may be an important sign of the success of a blockchain platform. However, it also needs to overcome the main obstacles currently fragmenting the industry. Success requires more than a strong product or an excellent ICO white paper.

Before you start setting up an ICO for your business project, you must have a general idea of ​​how to start the initial token offering so that you are on the right path, which brings you closer to your fundraising goals. Before launching the ICO, please take a look at these important questions:

Are ICO activities suitable for each business type or market segment?

ICO activities may be successful for some companies and futile for some companies. Many startup owners believe that ICOs are an excellent way to raise funds for any project. It can raise funds quickly and avoid the expensive process of registering for an IPO with an authoritarian agency. For companies that want to flourish in the cryptocurrency industry, the main requirement is to create value for users and investors. Authenticity and transparency are the fundamental pillars of the ICO and cryptocurrency fields.

What should you emphasize before launching an ICO?

The practice of many ICO activities shows the protection of investors, target interests and themes that suit the interests of the audience. The business owner must have his own opinion and should publicly express his goals and long-term goals to the audience before successfully launching the ICO.

How to use the team in an ICO campaign

From an investor’s perspective, a professional project team is one of the most important factors when you contribute to an ICO. The faces and social media profiles of all core team members must be listed so that any valuable contributor can really see the mind behind the project. However, at the same time, you might look for professionals in the industry and hire them as project consultants.

What are the important functions of ICO?

Good timing and communication are necessary functions of ICO. Starting your Crowdsale advertising campaign as soon as possible may have an impact. In many cases, ICO is limited by time, so time plays a vital role. The most important content is the goal, the conditions of investors and the team. Another important function of crowdfunding activities is PR. Before and throughout the ICO campaign, make sure to maintain a dialogue with the audience.

What is the ideal way to run an ICO?

When dealing with other people’s money, you need to make sure that you do not violate any laws at every step. Therefore, it is strongly recommended to hire a lawyer when organizing ICO activities. Breaking the law is like losing people’s expectations. This is why it makes sense to update participants during the development of the project. Likewise, keeping in touch with contributors is one of the most important things you can do for a crowdfunding event.

Do you have a vision for the future?

Preparing for the initial token issuance involves a solid vision, so it is important for you to consider how to reshape the future economy through the project’s cryptocurrency. It is essential to adjust short-term goals by providing positive trading experience in order to maximize traders’ profits.

Indeed, before the launch of the ICO, the above questions must be eye-opening. Knowledge of these important aspects and steps will solve all your questions about how to effectively initiate the initial token issuance. ICO is an exciting financing mechanism, and we wish you all the best.

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What is an ICO in cryptocurrency?

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ICO is short for Initial Coin Offering. When launching new cryptocurrencies or crypto tokens, developers provide investors with a limited number of units in exchange for other major cryptocurrencies, such as Bitcoin or Ethereum.

ICO is an amazing tool that can quickly invest development funds to support new cryptocurrencies. Assuming there is sufficient demand, the tokens that can be provided during the ICO can be sold and traded on cryptocurrency exchanges.

The Ethereum ICO is one of the most famous successes, and with our speech, the popularity of the initial token product is growing.

Brief history of ICO

Ripple may be the first cryptocurrency issued through an ICO. In early 2013, Ripple Labs began to develop the Ripple payment system and generated approximately 100 billion XRP tokens. They are sold through an ICO to fund Ripple’s platform development.

Mastercoin is another cryptocurrency that also sold millions of Bitcoin tokens during the 2013 ICO. Mastercoin aims to mark Bitcoin transactions and execute smart contracts by creating a new layer on top of the existing Bitcoin code.

Of course, there are other cryptocurrencies successfully funded through ICOs. As early as 2016, Lisk raised approximately $5 million in its initial coin offering.

Nevertheless, the Ethereum ICO conducted in 2014 may be the most prominent ICO to date. During its ICO, the Ethereum Foundation sold ETH at a price of 0.0005 Bitcoin each, raising nearly $20 million. As Ethereum leverages the power of smart contracts, it paves the way for the next generation of initial coin offerings.

Ethereum’s ICO, the secret of success

Ethereum’s smart contract system has implemented the ERC20 protocol standard, which sets the core rules for creating other compliant tokens that can be traded on the Ethereum blockchain. This allows others to create their own tokens that comply with the ERC20 standard and can be directly traded in ETH on the Ethereum network.

DAO is a famous example of the successful use of Ethereum smart contracts. The investment company raised $100 million worth of ETH, and investors received DAO tokens in exchange to enable them to participate in the governance of the platform. Sadly, DAO failed after being hacked.

Ethereum’s ICO and its ERC20 protocol outline the latest generation of blockchain-based crowdfunding projects through the Initial Coin product.

This also makes it very easy to invest in other ERC20 tokens. You only need to transfer ETH, paste the contract into your wallet, and the new tokens will appear in your account, so you can use them as you wish.

Obviously, not all cryptocurrencies have ERC20 tokens on the Ethereum network, but almost all new blockchain-based projects can initiate initial token issuance.

Legal status of ICO

Regarding the legality of ICOs, there is a bit of jungle there. In theory, tokens are sold as digital commodities rather than financial assets. Most jurisdictions have not yet regulated ICOs, so assuming that the founder’s team has experienced lawyers, the entire process should be paperless.

Even so, some jurisdictions are aware of ICOs and are already regulating them in a similar way to the sale of stocks and securities.

As early as December 2017, the US Securities and Exchange Commission (SEC) classified ICO tokens as securities. In other words, the SEC is preparing to stop ICOs that they believe are misleading investors.

In some cases, the token is just a utility token. This means that the owner can simply use it to access a certain network or protocol, in which case they may not be defined as financially safe. However, stock tokens designed to increase value are very close to the concept of security. To be honest, most token purchases are made specifically for investment purposes.

Despite the efforts of regulators, ICOs are still hovering in the gray legal realm, and entrepreneurs will not try to benefit from the initial token issuance until a clearer set of regulations is implemented.

It is also worth mentioning that once the regulations reach their final form, the cost and effort required to comply with the regulations may make ICOs more attractive than traditional financing options.

Final words

For now, ICOs are still an amazing way to fund new crypto-related projects, and there have been many successful projects, and there are many more.

However, remember that everyone is launching ICOs these days, and many of these projects are scams or lack the solid foundation needed to thrive and make them worth investing in. Therefore, you should definitely conduct thorough research and investigate the team and background of any crypto project you might want to invest in. There are multiple websites that list ICOs, just do a search on Google and you will find some options.

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List of all foreign exchange currency pairs based on major, rare and precious metals

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This article introduces a list of all foreign exchange currency pairs. Currency pairs are grouped according to major, exotic, precious and related pairs.

Foreign exchange currency pairs are an indispensable tool in foreign exchange transactions. They are also called securities.In foreign exchange, unlike stocks and commodities, securities or trading instruments are paired into one Sale or Sell ​​and buy pattern.For example, foreign exchange currency pairs Euro against dollar Technically, this means buying euros and selling US dollars, or selling euros and buying US dollars. When you buy euros at 1.4500 US dollars and then sell euros at 2.4950 US dollars (that is, buy), you will make a profit. Euro against dollar The price was $1.4500, and then sold when the euro was $2.4950). This is the slogan of “Buy Low, Sell High”.

Many traders usually do not know the foreign exchange currency pairs available in foreign exchange. Most traders will only achieve greater success if they diversify their strategies to include other currency pairs.

Other details (such as swaps, spreads or currency spread ranges) are not included in the list because they are details of the broker and are dynamic in nature.

Foreign exchange currency pair

1. All foreign exchange currency pairs (in alphabetical order)

Serial number pair

1. Australian Dollar CAD -Australian Dollar/Canadian Dollar

2. Australian Dollar vs Swiss Franc -Australian Dollar/Swiss Franc

3. Australian dollar against Japanese yen -Australian Dollar/Japanese Yen

4. Australian dollar -Australian Dollar/New Zealand Dollar

5. Australian dollar against US dollar -Australian Dollar/USD

6. CADCHF -Canadian Dollar/Swiss Franc

7 JPY -Canadian dollar/yen

8. JPY -Swiss franc/yen

9. EUR/AUD -EUR/AUD

10. Euro Canadian Dollar -Euro/Canadian Dollar

11. Euro vs. Swiss Franc -Euro/Swiss Franc

12 EUR -Euro/Danish Krone

13 Euro Pound -EUR/GBP

14. EURHUF -Euro/Hungarian Forint

15 Euro to Japanese Yen -EUR/JPY

16. Euro New Zealand Dollar -Euro/New Zealand Dollar

17. EURPLN -Euro/Polish Zloty

18 years old Euro against dollar -EUR/USD

19 GBP/AUD -GBP/AUD

20 British Pound Canadian Dollar -British Pound/Canadian Dollar

twenty one British Pound vs. Swiss Franc -British Pound/Swiss Franc

twenty two GBP/JPY -GBP/JPY

twenty three. Pound to New Zealand Dollar -GBP/AUD

twenty four GBP/USD -GBP/USD

25 years old NZDCAD -New Zealand Dollar/Canadian Dollar

26 New Zealand DCHF -New Zealand Dollar/Swiss Franc

27. New Zealand Dollar -New Zealand Dollar/Japanese Yen

28 years old New Zealand Dollar to U.S. Dollar -New Zealand Dollar/USD

29. US dollar Canadian dollar -USD/Canadian Dollar

30 years old USD/CHF -USD/Swiss Franc

31. USD DKK -USD/Danish Krone

32. US dollar Hong Kong dollar -USD/HKD

33. Federal Reserve -USD/Hungarian Forint

34. US dollar against Japanese yen -USD/JPY

35 years old USDNOK -USD/Norwegian Krone

36. USD -USD/Polish Zloty

37. Dollar dragon -U.S. dollar/Romanian leu

38. USDSEK -USD/Swedish Krona

39. SGD -USD/Singapore Dollar

40 USDTRY -USD/Turkish Lira

41. USD -USD/South African Rand

42. Zalbi -South African Rand/Japanese Yen

2. Forex-major currency pairs

These are the major currency pairs mainly used in foreign exchange transactions. From an economic perspective, these pairs dominate the financial world due to their political and financial strength. The adverse economic shocks to these two currency pairs may have a ripple effect, thereby affecting the world economy. These currency pairs are also known for their high volatility.

Serial number pair

1. Euro against dollar -EUR/USD

2. US dollar against Japanese yen -USD/JPY

3. GBP/USD -GBP/USD

4. GBP/JPY -GBP/JPY

5. Euro Pound -EUR/GBP

6. Euro to Japanese Yen -EUR/JPY

7 USD/CHF -USD/Swiss France

3. Foreign exchange currency pairs

These are trading pairs with small trading volume, large market depth, and very high bid-ask spreads. They are expensive trading pairs due to high spreads.

Serial number pair

1. USD DKK -USD/Danish Krone

2. US dollar Hong Kong dollar -USD/HKD

3. Federal Reserve -USD/Hungarian Forint

4. US dollar against Japanese yen -USD/JPY

5. USDNOK -USD/Norwegian Krone

6. USD -USD/Polish Zloty

7 Dollar dragon -U.S. dollar/Romanian leu

8. USDSEK -USD/Swedish Krona

9. SGD -USD/Singapore Dollar

10. USDTRY -USD/Turkish Lira

11. USD -USD/South African Rand

12 EUR -Euro/Danish Krone

13 EURHUF -Euro/Hungarian Forint

14. EURPLN -Euro/Polish Zloty

15 Euro New Zealand Dollar -Euro/New Zealand Dollar

16. Zalbi -South African Rand/Japanese Yen

4. Forex-related currency pairs

Correlated pairs are currency pairs that have similar price patterns, changes, reactions, and price behaviors. Therefore, it is unwise to trade some of these currency pairs at the same time, because when the market goes against you, it will double the risk in your account. Trading some of these currency pairs at the same time is also disastrous because they are opposed to each other.For example, if Euro against dollar, There is a 95% chance that the same signal will appear in GBP/USD But it is unlikely to have the same strength.

Serial number pair

1. Euro against dollar -EUR/USD

2. Euro Pound -EUR/GBP

3. USD/CHF -USD/Swiss Franc

4. US dollar against Japanese yen -USD/JPY

5. Australian dollar -Australian Dollar/New Zealand Dollar

6. Australian dollar against US dollar -Australian Dollar/USD

7 GBP/JPY -GBP/JPY

8. GBP/USD -GBP/USD

9. Euro to Japanese Yen -EUR/JPY

10. Australian dollar against Japanese yen -Australian Dollar/Japanese Yen

11. New Zealand Dollar -New Zealand Dollar/Japanese Yen

5. Forex Metal

These are assets in the form of gold and silver. Their unique nature makes them interested in investing through stock or commodity markets. These precious metals are also used as materials for currency tenders and the production of high-quality jewelry. The monetary capacity of some countries is supported by their reserves.

Serial number pair

1. XAUEUR -Gold/Euro spot

2. XAUUSD -Gold spot

3. XAGEUR -Silver/Euro spot

4. XAGUSD -Silver spot

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Cryptocurrency: a new sense

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The concept of cryptocurrency was proposed in 1991. However, the first real realization was completed by Satoshi Nakamoto in 2008. The first question arises, what is cryptocurrency. This is a financial setting in which currency is transferred between two parties. Initially, problems such as the double error method appeared, although the problem was later solved through concepts such as blockchain technology. The entire process is controlled by a cryptographic algorithm. A set of public and private keys are being transmitted between the two parties. The detailed information of each transaction is stored in each block of each customer; a string of blocks constitutes a complete list of transactions. All the blocks together form a block chain. These blockchains are nothing but financial ledgers. The function of this new currency trading system depends on the function of the cryptographic algorithm. With the implementation of algorithms such as DES, the confidentiality of each financial transaction (blockchain) has been strengthened. However, this concept is still not recognized by many countries. The data of each block cannot be retrospectively changed or there is no network consensus. Although the share of cryptocurrencies is currently not that much over time, it is expected to increase.

Some features of cryptocurrency include:

•dispersion

• Decentralized

• Public Ledger

The most important aspect of cryptocurrency is the above, but technology requires security to be used effectively. Although the problem has now been resolved, there have been two errors in the past. The biggest advantage of cryptocurrency is its update function without having to touch a central server. Therefore, we do not need to make any changes to the server. Similarly, transactions can be completed between any two members or three or more members of the network.

Therefore, the various advantages you get through cryptocurrency are as follows:

• safe

• quickly

• reliable

• precise

However, although it has not been accepted by all countries, the technology has been developed. The biggest sensation of cryptocurrency is Bitcoin. It is accepted by many countries. Similarly, you can find more types of cryptocurrencies. Each of them uses a unique algorithm type. All of these, you can learn through cryptography. This is a huge theme, and the application in the form of cryptocurrency is one of the major breakthroughs of the past decade. The usage will definitely increase fourfold in the next few years.

In addition, digital currencies are also used as part of a suspicious environment and become part of illegal online businesses, such as Silk Street. The first Silk Road was closed in October 2013, and since then, two more forms have been used. One year after the Silk Road was basically closed, the number of bleak markets undoubtedly increased from four to twelve, and the number of drug releases increased from 18,000 to 32,000.

The dark web market presents challenges related to legality. All over the world, it is clear that Bitcoin and different types of digital currencies used as part of the bleak market are not legally ordered. In the United States, Bitcoin is called a “virtual resource”.This suspicious arrangement makes global legal authorities have to bear a heavy burden to adapt to the ever-changing pharmaceutical transactions in the dim market

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Guide to successful trading of major cryptocurrencies

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Cryptocurrency trading has swept the world, which has become the norm for most traders and investors. If you have enough enthusiasm to conduct research before trading, then you will eventually have the opportunity to enjoy real growth and profits. When making this type of transaction, the worst thing you can do is to blindly enter the transaction, because this is what everyone else is doing. A little research on major currencies and an in-depth study of the fundamentals of purchases and transactions may produce huge changes. The following are some guidelines to help you successfully trade.

Take the time to understand how blockchain works

Blockchain technology has redefined transactions and is changing everything. Blockchain can be defined as a list of records, which are constantly growing into blocks that are protected and linked using passwords. The blockchain is resistant to data modification and can act as a public transaction ledger between parties. The transparency and decentralization of the blockchain make it highly secure, and in the world of hackers, it is indeed functionally reliable. It solves such obvious manipulation problems in the world today. Although no one can claim to know everything about blockchain, knowing some basic knowledge will make your transaction time easier.

Know and learn the top currencies

Due to the popularity of currencies, the virtual currency space has become crowded. The fact is that there are more than 100 cryptocurrencies today, which means you need to know which are the most popular and the most popular, so you can choose to buy and sell correctly with your profitability in mind. Bitcoin accounts for half of the entire market and has the highest transaction volume, but Litecoin and Ethereum also top the list, which gives Bitcoin a lot of room for development. Know as much as possible about the currency you are interested in. You can actually successfully trade more than one cryptocurrency without facing any challenges.

Be aware of inherent risks

Even when compared to the stock market and gold, Bitcoin and other currencies are volatile. Remember, this is still an early technology, and it does face many challenges. The profit probability is high, but the risk is also high. The public’s perception of currency actually affects its price. Rising will definitely fall, so please trade with caution. The higher the risk, the higher the reward may be, but you are also prepared to suffer losses. No matter which cryptocurrency you choose, the best thing you can do is to pay close attention to events that may affect prices and act quickly.

Once you know all the important aspects of cryptocurrency trading, you can continue to open a brokerage account and fund it, and then you can start buying and selling these currencies. For savvy traders, the rewards are countless.

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Coinbase: A Bitcoin startup is expanding to capture more markets

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The price of Bitcoin skyrocketed in 2017. Coinbase, one of the world’s largest cryptocurrency exchanges, took advantage of the surge in interest in the right place at the right time. Even so, Coinbase is not interested in taking its crypto gains for granted. In order to maintain a leading position in the larger cryptocurrency market, the company invested funds in its master plan. As of 2017, the company’s revenue was reported to be $1 billion, and more than $150 billion in assets were traded among 20 million customers.

Coinbase is a San Francisco-based company known as the leading cryptocurrency trading platform in the United States. With its continuous success, it was listed on the CNBC Disruptor list in 2018 after failing to be included in the list in the previous two years. The tenth place. .

On the road to success, Coinbase unswervingly poached key executives from the New York Stock Exchange, Twitter, Facebook, and LinkedIn. This year, the size of its full-time engineering team has almost doubled.

In April this year, Coinbase acquired Earn.com for $100 million. The platform allows users to send and receive digital currency while replying to mass market emails and completing micro-tasks. Currently, the company is planning to hire the former Andreessen Horowitz venture capitalist, the founder and CEO of Earns as its first chief technology officer.

According to current valuation, Coinbase intends to acquire Earn.Com at a valuation of approximately US$8 billion. This value is much higher than the estimated value of $1.6 billion in the last round of venture capital financing in the summer of 2017.

Coinbase declined to comment on its valuation, although it has received more than $225 million in funding from top venture capital firms including Union Square Ventures, Anderson Horowitz and the New York Stock Exchange.

To meet the needs of institutional investors, the New York Stock Exchange plans to launch its own cryptocurrency exchange. Nasdaq, a competitor of the New York Stock Exchange, is also considering similar measures.

• Competition is approaching

As competing organizations want to stand out from Coinbase’s business, Coinbase is looking for other venture capital opportunities to build a moat around the company.

Dan Dolev, an instant analyst at Nomura Securities, said that Square, run by Twitter CEO Jack Dorsey (Jack Dorsey), may swallow Coinbase’s exchange business because the company started trading on its Square Cash app in January Cryptocurrency.

According to Dolev’s estimates, Coinbase’s average transaction fee in 2017 was about 1.8%. Such high fees may take users to other cheaper exchanges.

Coinbase hopes to be a one-stop shop for hedging institutional investors and at the same time hedging its exchange business. In order to attract white glove investors, the company announced a series of new products. Such investors are especially cautious when entering the volatile cryptocurrency market.

Coinbase Prime, Coinbase Institutional Coverage Group, Coinbase Custody and Coinbase Markets are the products launched by the company.

Coinbase believes that billions of dollars in institutional funds can be invested in digital currencies. It has managed $9 billion in client assets.

Although knowing that Coinbase has never been hacked like other global cryptocurrency exchanges, institutional investors still worry about security. Coinbase president and chief operating officer stated that the motivation for launching Coinbase custody in November last year was the lack of trusted custodians to protect its encrypted assets.

• At present, Wall Street has shifted from heavy positions to cryptocurrency supporters

According to the latest data from Autonomous Next Wall Street, interest in cryptocurrencies appears to be increasing. Currently, there are 287 crypto hedge funds, and in 2016, there were only 20 cryptocurrency hedge funds. Goldman Sachs even opened a cryptocurrency trading desk.

Coinbase also launched Coinbase Ventures, an incubator fund for early-stage startups working in the cryptocurrency and blockchain fields. Coinbase Ventures has accumulated $15 billion for further investment. Its first investment was announced in a startup called Compound, which allowed people to borrow or lend cryptocurrencies while earning interest rates.

In early 2018, the company launched Coinbase Commerce, an agreement that allows merchants to accept major cryptocurrencies for payment. Another Bitcoin startup is BitPlay, which recently raised $40 million in venture capital. Last year, BitPlay processed more than $1 billion in bitcoin payments.

Proponents of blockchain technology believe that in the future, cryptocurrency will be able to eliminate the need for central bank authorities. In the process, it will reduce costs and create decentralized financial solutions.

•Regulatory safety is still important

In order to restrict access to the four cryptocurrencies, Coinbase has attracted a lot of criticism. However, when US regulators consider how to regulate certain uses of the technology, they must proceed with caution.

For cryptocurrency exchanges like Coinbase, the concern is whether cryptocurrencies are securities under the jurisdiction of the Securities and Exchange Commission. Coinbase’s rate of adding new coins is considered slow because the SEC announced in March that it will apply security laws to all cryptocurrency exchanges.

The Wall Street Journal reported that Coinbase met with SEC officials and registered itself as a licensed broker and electronic trading venue. In this case, it will become easier for Coinbase to support more tokens and comply with security regulations.

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Which cryptocurrencies are worth investing in?

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This year, the value of Bitcoin has skyrocketed, even exceeding one ounce. There are also new cryptocurrencies on the market, which is even more surprising, which makes the value of cryptocurrencies as high as hundreds of billions of dollars. On the other hand, the long-term outlook for cryptocurrencies is a little fuzzy. There are disputes among its core developers, which makes it less attractive as a long-term investment and payment system.

Bitcoin

The most popular thing is that Bitcoin is the cryptocurrency that started all Bitcoin. It is currently the largest market capitalization at approximately $41 billion and has been in existence for the past 8 years. Bitcoin has been widely used all over the world. So far, it has not been easy to take advantage of the weaknesses in its working methods. Bitcoin serves both as a payment system and as a stored value, enabling users to easily receive and send Bitcoin. The concept of blockchain is the foundation of Bitcoin. It is necessary to understand the concept of blockchain to understand the full meaning of cryptocurrency.

In short, blockchain is a database distribution that stores each network transaction as a data block called a “block”. Every user has a copy of the blockchain, so when Alice sends 1 Bitcoin to Mark, everyone on the network knows.

Litecoin

Litecoin is an alternative to Bitcoin. It attempts to solve many problems that hinder Bitcoin’s devaluation. Its value is not as flexible as Ethereum, and its value mainly comes from stable users. It is worth mentioning that former Googler Charlie Lee leads Litecoin. He also uses Litecoin for transparency exercises and is very active on Twitter.

Litecoin has been Bitcoin’s second fiddle for quite a while, but things started to change in early 2017. First, Litecoin is adopted by Coinbase as well as Ethereum and Bitcoin. Next, Litecoin solved the Bitcoin problem by using segregated witness technology. This gives it the ability to reduce transaction fees and do more. However, the decisive factor was that when Charlie Lee decided to devote all his energy to Litecoin, he even left Coinbase, where he was the engineering director of Litecoin. Therefore, the price of Litecoin has risen in the past few months, and the strongest factor is that it may be a real substitute for Bitcoin.

Ethereum

Superstar programmer Vitalik Buterin thought of Ethereum, which can do everything that Bitcoin can do. However, its main purpose is to become a platform for building decentralized applications. Blockchain is the difference between the two. Basically, Bitcoin’s blockchain records a type of contract that indicates whether funds have been transferred from one digital address to another. However, because Ethereum has more advanced language scripts and has a more complex and wider range of applications, it has been greatly expanded.

When developers started to notice its better quality, the project began to germinate on top of Ethereum. Through symbolic crowd sales, some people even raised millions of dollars in funds, which is still a continuing trend to this day. The fact that you can build wonderful things on the Ethereum platform makes it almost like the Internet itself. This causes the price to skyrocket, so if you bought one hundred dollars worth of Ethereum earlier this year, it would be worth nearly $3,000.

Monroe

Monero aims to solve the problem of anonymous transactions. Even if people think that this currency is a method of money laundering, Monero intends to change this situation. Basically, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain, and every transaction is public and recorded. With Bitcoin, anyone can see how and where money is transferred. However, the anonymity on Bitcoin is somewhat imperfect. In contrast, Monero has an opaque rather than transparent transaction method. No one can sell well this way, but since some people like privacy for any purpose, Monero will stay.

Zero cash

Like Monero, Zcash is also committed to solving Bitcoin’s problems. The difference is that Monero is not completely transparent, but only partially disclosed in its blockchain style. Zcash also aims to solve the problem of anonymous transactions. After all, no one likes to show how much “Star Wars” actually spent on souvenirs. Therefore, the conclusion is that this type of cryptocurrency does have an audience and demand, although it is difficult to point out which cryptocurrency that focuses on privacy will eventually stand out.

Bancor

Bancor, also known as “smart token”, is a new generation of cryptocurrency standard that can hold multiple tokens. Basically, Bancor tries to simplify the process of trading, managing and creating tokens by increasing its liquidity level and allowing it to have automated market prices. Currently, Bancor’s front-end products include the creation of wallets and smart tokens. There are also some functions in the community, such as statistics, personal information and discussions. In short, the Bancor protocol can discover the built-in price and the liquidity mechanism of smart contract tokens through an innovative reserve mechanism. Through smart contracts, you can immediately liquidate or purchase any tokens in Bancor’s reserves. With Bancor, you can easily create new cryptocurrencies. Who doesn’t want it now?

EOS

Another competitor of EOS, EOS promises to solve the expansion problem of Ethereum by providing a set of more powerful tools for running and creating applications on the platform.

Tezos

Tezos can replace Ethereum and can be upgraded without spending too much effort. This new blockchain is decentralized because it achieves autonomy by establishing a digital real federation. It promotes a mathematical technique called formal verification, and has the security-enhancing function of smart contracts that have the largest financial trade-offs and are the most sensitive. Definitely a huge investment in the coming months.

judgment

It is difficult to predict which Bitcoin on the list will become the next superstar. However, when adopting cryptocurrencies, user adoption has always been one of the key factors for success. Both Ethereum and Bitcoin have this feature, and even though early adopters of each cryptocurrency on the list have provided a lot of support, there are still some who have yet to prove its staying power. Nonetheless, these are tools to invest in and beware of in the coming months.

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