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BER – Crypto

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Crypto-currencies are digital financial assets designed to work as a medium of exchange that uses cryptography to secure transactions. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies (altcoins) and virtual currencies.

Facebook’s Libra Is Not the Game Changer That’s Being Promised

Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.

7 Jan, 2020 by David Brown

Messaging Apps to Take Slice of Remittance Market Using Their Own Cryptocurrencies

Users of popular messaging apps, including WhatsApp and Line, might soon be able to make cross-border payments effortlessly. In a move that will further disrupt the payments industry, the creators of such apps, including Facebook, are working hard to develop their own digital currencies that can be transferred to anyone in a user’s contact list.

19 Mar, 2019 by Joel Wright

Cryptocurrencies Soar: Litecoin Gains 30 Percent

Cryptocurrencies exploded on Friday for reasons not fully understood by analysts. Litecoin was among the day’s stars, gaining 30 percent. Brokers, though, remain skeptical about the rally’s sustainability.

12 Feb, 2019 by Joel Wright

Investors Dump Cryptocurrencies; Bitcoin Falls $800 to 1-Year Low

Bitcoin chart news and forecast

Bitcoin’s near-$800 decline on Wednesday might not have raised an eyelid six months ago, but in what has become a lifeless market of late, the fall is alarming.

30 Nov, 2018 by Joel Wright

Bitcoin Loses Its Sparkle and Mexican Peso at 15-Month Low

Bitcoin, it would seem, has lost its sparkle. CNBC are reporting that Google searches for “bitcoin” have fallen 75 percent since January – a statistic suggestive not only of a lack of interest in the world’s largest cryptocurrency, but also of a lack of new buyers. At $7,700, bitcoin is trading at a 55 percent […]

7 Sep, 2018 by Joel Wright

Yen Is Star Performer, Yuan Devalued and Bitcoin Finds a Bottom

The Japanese yen has been the star performer of recent days and by Monday afternoon in London it was once again trading higher against most of the world’s currencies. When last seen, USD/JPY stood at 111.

7 Sep, 2018 by Joel Wright

Bitcoin to End 2018 “Explosively” on Emerging Market Recovery

Bitcoin is finally back above $7,000 and it might now end the year “explosively higher” according to one expert.

7 Sep, 2018 by Joel Wright

Bitcoin Bloodbath After Goldman Sachs Scraps Plans for Crypto Trading Desk

The world’s largest cryptocurrency, bitcoin, has lost 15 percent of its value since Wednesday morning. The crypto bloodbath has also taken 25 percent off ethereum. Dramatic declines began after reports indicated that Goldman Sachs is to scrap plans for a crypto trading desk.

7 Sep, 2018 by Joel Wright

Buy Bitcoin on Strength, Says Yale Study

Friday saw bitcoin once again threaten major support at $6,000. According to new research from Yale University, those wanting to get their hands on bitcoin could do a lot worse than waiting for the market to reapproach $7,200.

14 Aug, 2018 by Joel Wright

Yuan and Australian Dollar Hit by Latest Round of US Tariffs

Traders offloaded Chinese yuan and Australian dollars on Wednesday after the US government said it would introduce 10 percent tariffs on a further $200 billion worth of Chinese goods.

11 Jul, 2018 by Joel Wright

BER-News: Cryptos hung onto recent gains.

Last week’s much-improved US inflation data had the desired effect on US rate expectations which have adjusted to indicate a 100% probability of the Federal Reserve raising interest rates in March. Ordinarily, such a revision to expectations would fuel a transfer of hot money into US dollars, yet dollar traders continue to chart their own […]

5 Jun, 2018 by BER Team

BER-News: Bitcoin below $US10K mark (again)

Among the world’s ten most actively traded currencies, it was the Chinese yuan that was leading the pack approaching the end of the Asian business week.   Last week: majors all down   Aussie dollar (AUD) was down last week, retreating from US0.80 cents, on Australia’s disappointing rise in private sector wages, their massive contraction […]

5 Jun, 2018 by BER Team


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