Forex trading

On June , El Salvador announced that it will adopt Bitcoin as legal tender. By mid-June 2021 cryptocurrency as an admittedly extremely volatile asset class for portfolio diversification had begun to be offered by some wealth managers in the US for 401s. Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. If new cryptocurrency units can be created, the system defines the circumstances of their origin and how to determine the […]

China Central Bank banned the handling of bitcoins by financial institutions in China in early 2014. South Africa, who has seen a large amount of scams related to cryptocurrency in recent months is said to be putting a regulatory timeline in place, that will produce a regulatory framework in three to six months.
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Despite the threat of a Spanish bailout having abated for the moment, Europe remains in intensive care. The good news is that between the ECB, the IMF and a bunch of slick politicians, they seem to have the happy knack of averting crisis! Even though the fuse seems to have been lit in the Middle East, the timer has been set to ultra-slow motion. The changing of the guard in China was picture perfect and the moderation in growth seems to have catalysed a consumption stimulus. The fragility of th […]

It is easy to estimate the convenience yield if you know the future price, spot price, borrowing rate, and maturity time of a commodity. Convenience yields mostly apply to assets purchased for consumption. A good example of a commodity with a high convenience yield is oil. The profit you make from direct ownership of oil implies that you can produce oil and store and make profits by selling at higher prices anytime there are shortages. Thus, commodity trading books form an important part of the […]

Coinbase is the second largest crypto platform, but the largest in the U.S., by volume. The title of largest goes to Binance, which sees $47 billion in crypto trading volume in a 24-hour period, according to CoinMarketCap.com. Nasdaq assigned Coinbase a reference price of $250 a share on Tuesday evening, which values it at over $65 billion. On Wednesday, Coinbase stock was indicated to open around $350, or 40% above its reference price.

The company could not have picked a better time to file i […]