Investment world

The much talk about and profitable trading in cryptocurrencies has met dead end as Reserve Bank of Zimbabwe stopped local banks from trading or processing their payments. The apex bank Governor, Mr. John Mangudya, said on Monday in Harare that the central bank had not licensed anyone to trade in cryptocurrencies and that dealers and investors did not have the protection of the law. Cryptocurrency such as bitcoins is a digital or virtual currency in which coded techniques are used to regulate the generation of units of currency and verify the transfer of funds.The much talk about and profitable trading in cryptocurrencies has met dead end as Reserve Bank of Zimbabwe stopped local banks from trading or processing their payments. It operates independently of a country’s central bank. Mangudya said that the Reserve Bank had directed all banking institutions not to provide banking services to facilitate any person or entity in dealing with or settling virtual (crypto) currencies. ...

The forex market economic calendar today has several important economic data related to the economies of Germany, Eurozone, UK, US, Canada and Japan, with a focus on the GDP Growth Rate in Germany, Eurozone and Japan. Moderate to high volatility is expected for the Euro, the Japanese Yen and the US Dollar and price action which could move the market may be evident both in the European Session and later in the American Session. Key economic events for today in the forex market to focus on: European Session Germany: GDP Growth Rate QoQ Flash, GDP Growth Rate YoY Flash, ZEW Current Conditions, ZEW Economic Sentiment Index, Norway: GDP Growth Rate QoQ and YoY, Eurozone: Meeting on Iran, Industrial Production MoM and YoY, ZEW Economic Sentiment Index, GDP Growth Rate YoY 2 nd  Estimate, UK: Average Earnings Including Bonus, Unemployment Rate, Claimant Count Change, Employment Change Time: 06:00 GMT, 08:00 GMT, 08:30 GMT, 09:00 GMT The Eurozone GDP Growth Rate and the Indust...

A key fed official says the US should keep its growing debt load in mind as it plans to increase government spending. The US Should Watch Its Debt Before “Things Get Out of Hand” Loretta Mester, president of the Federal Reserve Bank of Cleveland, says the US needs to watch its growing debt pile. In her view the country’s national debt load is on the verge of “getting out of hand”. According to data from GAO, the General Accounting Office, the US national public debt is already sitting at 75% and expected to double over the next 30 years as government spending continues to grow. The International Monetary Fund says the US is the only advanced economy in which debt-to-GDP is expected to grow in the next 5 years. “I think we have to be taking into account the health of U.S. economy, in terms of are we on a sustained fiscal path?” Mester replied. “And I do think that’s something we should be thinking of now as we go forward, and not waiting till things get too far out of hand.” ...

The cryptosphere was abuzz over the weekend as word broke out on Friday that Facebook was reportedly planning to create its own cryptocurrency. The social media giant is “very serious” about launching an in-app virtual coin, according to anonymous sources. Facebook dives into blockchain News of Facebook’s intention to develop its own cryptocurrency surfaced after the company announced that David Marcus, vice president of its Messenger app, would lead a new blockchain research group of about a dozen team members. Previously, Facebook only had one person devoted to studying blockchain technology. Given Marcus’ background and involvement in cryptocurrency, it is not outside the realm of possibility that Facebook is considering its own virtual currency. An early Bitcoin investor and cryptocurrency enthusiast, Marcus holds a position on the board of Coinbase. Prior to joining Facebook, Marcus served as the president of PayPal. David Marcus In January, Facebook CEO Mark Zuckerberg ...

When thinking about successful trading, what comes to your mind? Most traders would say it is finding a perfect trading opportunity and capitalizing on it. When in fact the correct answer is consistency . In order to trade successfully on a daily basis, the trader has to abide by certain rules. Risk management is clearly one of them, probably even the most important one, as those who wants to receive profit should first consider potential losses . Risk management is a key concept that all rookie traders should wrap their heads around. Unfortunately, this topic is often being overlooked, sometimes even dismissed as unimportant. More than one trader has gone bankrupt due to lack of discipline and insufficient risk management. When hoping for a single trade that would change your life for the better you are demonstrating the behavioral pattern of a gambler (which is obviously counterproductive). In reality, trading has nothing to do with gambling . The sooner you understand this th...

The cryptocurrency market is back in the red, losing over 10% of its market capitalization over the course of 7 days. Still, not everybody is doing worse than expected. EOS and TRON have an announcement to make, which some believe is a good thing. Soon enough  EOS and TRON, both in the top 10 by the market capitalization, will no longer be utilizing the ERC20,  instead moving their public ledger to the brand-new MainNet blockchain . Still,  the opinions on the subject are divided . Certain members of the crypto community believe it is a good thing for EOS, TRON and the industry as a whole, as it is time to move forward. The others say the idea is potentially harmful and will negative affect the price of the above-mentioned coins. Justin Sun, the man behind TRON  and a protégé of  Jack Ma  himself, says there is nothing to be afraid of and that all fears are superficial: “The TRON Foundation decides that TRX only supports migration to exchanges for ...

Cryptocurrency conferences are still a massive business, even if bitcoin’s price has gone down this year. When tickets went on sale, one of them, for the three-day conference in New York City was around $2,000. If 4,000 are expected to attend, the conference is likely to bring $8 million. There are also more than 20 other events (some with similarly high entrance fees) for the week. The bitcoin conference began with 400 attendees only three years ago. Now it is the main event at the “Blockchain Week NYC”. To have an idea of how significant these events are: Two-day Ethereal Summit run by ConsenSys sells tickets for $1,300; TokenSummit on May 17 is sold out of regular $649 tickets, and a “very late ticket” costs $979; The “Women on the Block” conference held on Mother’s Day charges $299 for general admission, and $599 for VIP access to a reception and a lounge. Childcare for children ages 5 to 11 costs $80; General admission to the May 18 NYC Blockchain Tech & Invest Summit is $...