According to british newspaper The Independent Kremlin economic advisor, Sergei Glazev, reportedly said new 'cryptorouble' could be useful to carry out 'sensitive activity on behalf of the state'.
Russia’s government is seeking ways to establish a cryptocurrency that could help it dodge sanctions, it has been reported. The Kremlin is said to be looking into the technology behind bitcoin as the basis for a so called “cryptorouble”. At a recent meeting of Russian government officials, President Putin’s economic advisor, Sergei Glazev, said a crytptocurrency could be useful to carry out “sensitive activity on behalf of the state”, according to the Financial Times and the Independent. “We can settle accounts with our counterparties all over the world with no regard for sanctions,” Mr Glazev reportedly said.
Officials say Bank of England could issue “Bitcoin-style Digital Currency”
The Bank of England might have “its own Bitcoin-style digital currency” this year, according to the country’s legacy media and officials. The more than three hundred year old bank set up a research unit back in 2015 to investigate linking a state-backed crypto to sterling, and there appears to be a breakthrough. While Russia is looking at a Cryptoruble could there be a Britcoin? A Ukoin? The Telegraph would have readers believe, yes, writes its Chief Reporter Robert Mendick. Bank of England Governor, Mark Carney, reportedly “told a Treasury Select Committee before Christmas that he had held talks with other central banks about launching digital currency,” according to Mr. Mendick.
Bitcoin price predictions for 2018 : Will the bubble bust or the rise continue?
The wild growth and volatility associated with bitcoin have investors seeking price predictions for 2018. Investors are understandably concerned about whether bitcoin will experience a bubble bust, or continue rapid growth. It might accomplish both. In November 2017, bitcoin plunged nearly 30% before sharply rebounding to hit the $10,000 price range. This recent rebound involves fueling market anxiety and the fear of missing out among new investors. As a consequence, bitcoin prices will continue to rise, and assertions that bitcoin has entered bubble territory will undoubtedly intensify. However, since cryptocurrency prices are not based on earnings, the market will likely remain highly volatile.
Bitcoin News : Industries, Banks and Blockchain 2018
The Blockchain technology becomes hard to ignore and more of the corporate world took an interest in it. In 2017, the NYSE filed for two Bitcoin ETFs with the SEC, the CBOE became the first institutional investor to launch Bitcoin futures and CME group followed suit a week later doing the same. But it is not only large exchanges interested in getting some skin in the Blockchain game, as many industries have been interested in incorporating Blockchain technologies to make their businesses more economically efficient. The increasing interest around Blockchain technologies in 2017 led the CTFC to release a Primer on cryptocurrencies which acknowledged that Blockchain technologies can be used by governments, financial institutions and cross-industries to optimize everyday operations via Blockchain.
Altcoin News : What investors should consider in 2018
There are a lot of cryptocurrency investors who regret not getting involved in the Bitcoin market. For some, it was an opportunity missed. Bitcoin was trading for just under $1,000 at the start of 2017 and hit nearly $20,000 the same year. Many other Altcoins like Ethereum, Ripple, IOTA, and Monero have experienced positive growth progress in both exchange prices and market capitalization. This has led to a real and ever-increasing demand around the globe for cryptocurrencies. Investors are speculatively putting up money in ICOs and other cryptocurrency investing means like exchanges and mining subscription in order to be part of the next big thing in cryptocurrency. Investing in cryptocurrencies for the long term requires a great deal of due diligence on the part of the investor, because it is evident that many cryptocurrencies are doomed to fail.
Bitcoin News : Market dominance at lowest level ever
Bitcoin's dominance of the cryptocurrency market is at its lowest level ever thanks to rising interest in alternative digital coins. Dominance refers to the percentage a single virtual currency has of the market capitalization or value of every cryptocurrency, global. The total market capitalization of the entire cryptocurrency world is currently at around $700 billion, according to data from Coinmarketcap.com. The decline of bitcoin's dominance, which stood at around 55% in December 2017, is due to the pullback in price, but also rising interest in other cryptocurrencies such as Ethereum, Ripple, Bitcoin Cash and Litecoin. Ripple's value stood at around 3% of the entire market capitalization of all cryptocurrencies. Ripple's price rose over 36,000% in 2017 and it is now the second-largest cryptocurrency by market cap. Investors appear to be taking a breather from bitcoin for now and looking at alternative cryptocurrencies. But many in the industry are also bullish on the cryptocurrency. Dave Chapman, managing director at cryptocurrency trading firm Octagon Strategy, sees the price of bitcoin exceeding $100,000 before the end of 2018.
Finance News : What Bitcoin futures are and how to avoid losses
With Bitcoin futures you are fixing the price that you want to sell or buy a certain amount of bitcoins at a certain point in the future. As you don’t have to make the purchase immediately then you are also leveraging your position by having exposure to an asset whilst only posting collateral, or a small percentage of its cost. With 10 to 1 leverage, e.g., you are exposed to ten Bitcoins instead of one, but also exposed to their potential losses. leverage is a dangerous game but also a potentially rewarding one. A Bitcoin call option gives exposure to rising prices in the underlying above a certain price, known as the strike price. If the Bitcoin price is at $300 and the strike price is set to above, at, or below that, then the long Bitcoin call option is said to be in the money, at the money, or out of the money. The seller (short) position in the Bitcoin call position will receive a fee from the long position at the start of the contract. For Bitcoin Puts the pricing idea is very much the same except the bet is only if the price goes down below a certain strike price. If the strike price was $350 per Bitcoin and the Bitcoin price was at $300 then the option would be in the money and priced at $50 or more depending on how much time value the Bitcoin option contract had left. The short put Bitcoin position would be losing money as they would have sold the option on the bet that the price would rise and so owe money as it has fallen.