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Newcastle United Goes to Crypto with StormGain

Discussion in 'Crypto Currency News' started by stormgain.com, Jul 26, 2019.

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    Popular cryptocurrencies rise in price because of Bitcoin and Ethereum news

    The most popular cryptocurrencies are growing moderately in price against the backdrop of a predominantly positive news background. Nevertheless, the rise does not look very impressive, and, according to the crypto trading platform StormGain, digital currencies added no more than 1.5%.
    Favorable for the market was the assessment of the prospects of Bitcoin from the head of Bitcoin Lab, especially in the context of the economic crisis caused by the coronavirus. He believes that in the current conditions this cryptocurrency will go up. In addition, there were positive news about the launch of the first multi-client testnet of the Ethereum 2.0 blockchain.
    It is likely that in the near future the most popular cryptocurrencies will continue to grow in price and in this scenario, Bitcoin can rise above the psychological mark of $8,000, Bitcoin Cash - up to $245, Ethereum - up to $200, XRP - up to $0.22, and Litecoin - up to $47.
     
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    Popular cryptocurrencies show a controversial trend

    The most popular cryptocurrencies do not show a unified dynamics of quotes on Wednesday. According to the cryptocurrency trading platform StormGain, Bitcoin and XRP look better than the others, but their increase in prices looks rather insignificant.
    An unknown company in Puerto Rico sued Ripple, accusing it of violating U.S. laws due to the sale of unregistered securities in the form of XRP cryptocurrency for a total amount of over $ 1 billion. And the digital trading platform BitMEX said that implementation of Ethereum 2.0 will be quite difficult and will take a long time due to the complexity of the processes.
    Probably, in the near future, the most popular currencies will continue to look rather uncertain. It is possible that they will still maintain mixed dynamics. It is possible that Bitcoin will soon go below the psychological mark of $ 9,000 and may fall in price to $ 8,800, Bitcoin Cash - to $242, Ethereum to drop below $200, XRP - to $0.21, and Litecoin - to $45.
     
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    Popular cryptocurrencies rise in price ahead of bitcoin halving

    The most popular cryptocurrencies demonstrate a fairly active growth in quotations in anticipation of bitcoin halving in mid-May. The Bitcoin exchange rate, according to the cryptocurrency trading platform StormGain , temporarily rose above the psychological mark of 10 000 dollars, which happened for the first time since February. Market participants are waiting for a bitcoin halving, as they expect that it can change the entire mining industry, which is currently concentrated mainly in China.
    Another positive news came from Ethereum developers: they will introduce free transactions and scaling in the current version of the network.
    It is likely that the current growth of the most popular currencies will continue in the near future. In this case, Bitcoin can again rise above 10 000 dollars with the next goal of 10,500 dollars. Bitcoin Cash has a chance to rise in price to $255, Ethereum - to strengthen up to $220, XRP - to $0.22, and Litecoin - to $49.
     
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    The perfect time to buy Bitcoin has arrived, but you need to act fast
    The next week will be a critical time for anyone interested in Bitcoin (BTC), as it presents an opportunity for profit that you shouldn’t miss. The scheduled Bitcoin halving event will happen on 12 May 2020. After this date, the number of bitcoins awarded to miners will be permanently and irreversibly halved.

    As a result, the bitcoin supply will go down relative to demand, which should make each unit of BTC more valuable. This halving is built into Bitcoin’s design and happens roughly every four years. We’ve been through two previous halving events before, and each time, the price of Bitcoin has significantly increased. It didn’t just happen immediately but spanned over the following years.

    Anyone who bought bitcoin before the previous halving events would have profited immensely from their investment. This May, we all get another chance to get in on the action, and StormGain will be the smartest place to buy your BTC.

    Experts believe the BTC price will go up after 2020 halving
    Expert cryptocurrency traders and investors are excited about the potential price rise of Bitcoin, following the halving event. A recent Forbes article predicted that a new wave of bitcoin millionaires would emerge in May 2020, thanks to the halving. Bloomberg also reported that we could be on the verge of a 2017-like massive bull run on Bitcoin, that could see the price skyrocket. This isn’t just because of the halving, but because the report also mentions the economic instability of the coronavirus pandemic has made Bitcoin more attractive compared to fiat currencies.

    Influential people in the cryptocurrency community have made some impressive-sounding predictions of their own. Well-known Bitcoin billionaire Tim Draper is convinced that the price of one bitcoin could rise to $250,000; former Goldman Sachs GS hedge fund manager Raoul Pal predicts that the price of bitcoin will reach $1,000,000 within 3 years after the halving, and Silk Road founder Ross Ulbricht forecasts a crazy-sounding price of $333,000,000 per bitcoin.

    Bitcoin hodlers are also adding more and more BTC to their hoards in anticipation of the halving, which is already driving prices up. It’s the perfect time to buy bitcoin as an investment, but the cryptocurrency is becoming more expensive every day. For anyone still on the fence about the halving, the writing’s on the wall and it’s better to buy now than regret later.

    Time is running out - buy BTC on StormGain with a 15% deposit bonus, 10% interest
    If you’re looking to profit from the price increase of Bitcoin following the halving event, then StormGain is the best platform to use. Not only does StormGain allow you to quickly and easily buy bitcoin with a regular credit or debit card, but we offer a deposit bonus of up to 15% and a built-in secure wallet to store your cryptocurrency.
    Once you have your bitcoin, you can hodl it in your StormGain crypto wallet and benefit from great interest rates of up to 10% APR. Alternatively, you can maximize your profits by trading in a newly bullish bitcoin market with an up to 200x multiplier, 100% liquidity and the lowest fees in the business.

    Available as a smartphone app or web platform, StormGain has won several awards for its intuitive and user-friendly design, and plenty of praise for its friendly and responsive support team. Even if you’re completely new to cryptocurrency, it’s the perfect time to buy bitcoin and join the next generation of bitcoin billionaires.

    Registering with StormGain is simple and only takes 5 seconds. Don’t miss out! Sign up now and buy your BTC with a 15% deposit bonus before the halving drives the price up!
     
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    Popular cryptocurrencies rise in price on Durov's promises

    The most popular cryptocurrencies continue to show positive dynamics after the statements of the head of the Telegram messenger Pavel Durov, who made concessions to investors after the announcement of the closure of the TON blockchain project. According to the cryptocurrency trading platform StormGain, the growth rate of digital assets reaches 5%
    Telegram promises investors, living outside the United States, that the return on their investment will be at least 110% in any case. Some of the cryptocurrency buyers who have invested in the Durov's project have already agreed to these conditions.
    Another factor that supports the market is the Ethereum Classic hard fork which is scheduled for June 2. Market participants do not exclude that after the onset of this event, the price of the asset will show a significant increase.
    Probably, the most popular cryptocurrencies will continue to demonstrate positive dynamics of quotes. You can predict a growth of the Bitcoin exchange rate to $9,400, Bitcoin Cash - up to $240, Ethereum - up to $200, XRP - up to $0.2, and Litecoin - up to $44.
     
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    Popular cryptocurrencies look contradictory, but have a chance to grow

    The most popular cryptocurrencies look uncertain, despite a number of positive news on Friday. According to the cryptocurrency trading platform StormGain, Bitcoin and Ethereum look better than the others which quotes have moved to the negative area.
    At the same time, Chinese authorities are going to stimulate mining in the country, since this type of activity will help to spend the accumulated surplus of electricity. In addition, the German bank Bitwala began working with cryptocurrencies and will pay interest on deposits in bitcoins. Moreover, Reddit began testing tokens based on Ethereum.
    Despite the current conflicting dynamics, the most popular cryptocurrencies have a chance to grow in the near future. It can be predicted that the Bitcoin exchange rate will soon rise to the level of $9,600, Bitcoin Cash - up to $240, Ethereum - up to $210, XRP - up to $0.21, and Litecoin - up to $45.
     
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    Popular cryptocurrencies rush up on general optimism

    The most popular cryptocurrencies continue to go up on Monday, and, according to the cryptocurrency trading platform StormGain, their growth rate reaches 4%.
    Oil quotes are increasing quite rapidly as more countries remove quarantine measures introduced in connection with the coronavirus. In addition, the co-founder of the Qiwi group will provide a loan to the founder of the Telegram messenger Pavel Durov, who was never able to launch the TON blockchain platform. Moreover, Ripple's Japanese partner SBI Holdings intends to use XRP tokens to conduct transactions through ATMs in Japan.
    The most popular cryptocurrencies in the near future can continue to grow because of an optimistic investors' sentiment. In this scenario, Bitcoin could rise again to the psychological mark of $10,000, Bitcoin Cash - up to $260, Ethereum has a chance to go up to $225, XRP - up to $0.21, and Litecoin - up to $48.
     
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    Popular cryptocurrencies rise in price on a whole block of positive news

    The most popular cryptocurrencies are growing in price on Wednesday, but, according to the cryptocurrency trading platform StormGain, the rates of their rise look quite moderate.
    Positive dynamics is observed against the background of a favorable message for the market: Reddit will pay its users a fee in Ethereum tokens for publishing content and comments. And Square's Cash App launched the services enabling users to automatically acquire bitcoin. In addition, the gaming company Atari Group began to cooperate with the Litecoin Foundation.
    The most popular cryptocurrencies in the near future have a chance to increase growth rates. In a favorable scenario, Bitcoin can go up to $9,900, Bitcoin Cash - up to $250, Ethereum - up to $220, XRP - up to $0.21, and Litecoin - up to $47.
     
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    Popular cryptocurrencies go down because of the news from JP Morgan

    The most popular cryptocurrencies are mainly falling in price on Monday, and, according to the cryptocurrency trading platform StormGain, their rate of decline reaches 3-4%.

    The reason for the negative mood was a statement by analysts from the American investment bank JPMorgan that if the national digital currency is introduced into the United States, the country's economy will suffer heavy losses. At the same time, experts believe that in other countries where a national cryptocurrency can be launched, it will be possible to reduce dependence on the dollar, but this is a matter of the distant future.

    At the same time, the news that the Iranian authorities are working on an expanded strategy for the development of mining had a positive effect on the market. According to the Iranian president, this type of activity can become the main source of state budget income.

    The most popular cryptocurrencies might continue to become cheaper. In this case, Bitcoin risks falling to $8,500, Bitcoin Cash - to $220, Ethereum - to $190, XRP - to $0.19, and Litecoin - to $40.
     
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    Telegram drops TON after battle with SEC
    opular messaging app Telegram has pulled the plug on Telegram Open Network (TON), the company’s ambitious blockchain project. According to Telegram founder Pavel Durov, the shutdown comes as a direct result of Telegram’s long-running legal battle with the US Securities and Exchange Commission (SEC).

    Durov admitted defeat on Tuesday, announcing to the public: ‘Today is a sad day for us here at Telegram. We are announcing the discontinuation of our blockchain project… I am writing this post to officially announce that Telegram’s active involvement with TON is over.’

    US court bans gram around the world
    The Telegram CEO also revealed that the US regulator had successfully sunk the TON project and stopped the accompanying gram cryptocurrency from being distributed to investors, regardless of whether they are based in the US or not.

    ‘Unfortunately, a US court stopped TON from happening… the US court declared that grams [cryptocurrency] not only couldn’t be distributed in the United States, but globally.’

    Durov’s announcement detailed the reasoning behind the judge’s verdict, ‘a US citizen might find some way of accessing the TON platform after it launched. So, to prevent this, grams shouldn’t be allowed to be distributed anywhere in the world – even if every other country on the planet seemed to be perfectly fine with TON’.

    The Telegram founder struck a note of resignation as he explained the ‘difficult decision’ not to proceed with TON, noting that ‘Sadly, the US judge is right about one thing… we are still dependent on the United States when it comes to finance and technology’.

    Is there a future for TON?

    Telegram has been working on its next-generation blockchain platform and gram currency for over two years. TON was designed according to the principle of decentralization, along the lines of Bitcoin and Ethereum. The idea was a faster, more scalable, and all-round superior version of what the Ethereum network can offer today. A blockchain network that could scale up to replace high-volume transaction mechanisms such as credit cards.

    However, Telegram’s project has had to fight for its survival since the SEC challenged TON last year, after the blockchain initiative raised around $1.7 billion from investors in an ICO.

    The SEC stepped in to stop the sale in October 2019, claiming that the gram tokens counted as unregistered securities. The legal struggles continued until March, when a US judge came down on the side of the regulator. Telegram has offered to pay back its investors.

    TON and gram are both dead in the water for now, and Durov has warned against scams that may try to take up the brand’s name.

    ‘While networks based on the technology we built for TON may appear, we won’t have any affiliation with them and are unlikely to ever support them in any way. So be careful, and don’t let anyone mislead you,’ said Pavel, warning investors not to trust such actors with their money or data. He concluded his statement by wishing luck to ‘all those striving for decentralization, balance and equality in the world. This battle may well be the most important battle of our generation. We hope that you succeed where we have failed.’

    How to get the best deals on the crypto market
    TON may have been shut down by the SEC, but as Pavel says, the crypto world is more vital than ever. With Bitcoin getting a boost from its recent block halving, Ethereum getting ready to upgrade to version 2.0, and other innovative altcoins on the horizon, there’s never been a better time to get into cryptocurrency trading with StormGain.

    Available as a user-friendly smartphone app or on the web, StormGain enables users to trade cryptocurrency pairs with an up to 200x multiplier. The award-winning platform offers secure integrated crypto wallets to store your cryptocurrency, and the most generous bonuses for clients.

    If you’re ready to join the ‘most important battle of our generation’ and profit from the rise of cryptocurrency, then register with StormGain in just a few seconds and enjoy up to 15% bonus on deposits, and up to 10% APR interest bonus on holdings.
     
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    Crypto’s PR problem: trust is building slowly
    The concept of trust has been integral to cryptocurrency since its inception. The same can be said of money itself. Blockchain was created as a technological solution to ensure trust on a peer-to-peer level. This desire stems from a lack of trust in third parties that act as guarantors of trust in traditional money, in other words, banks, governments and other economic institutions.

    Therefore, it’s interesting to note the findings of the special cryptocurrency edition of Edelman’s Trust Barometer report, which was released earlier this week. Working with a sample size of 34,000 adults (18+ years old) across 28 countries, the survey carried out by the PR company is by no means comprehensive, but still offers some intriguing insights into the public perception of cryptocurrencies.

    Crypto isn’t the biggest tech fear

    Edelman started its surveys in 2001, and since then, its annual reports have been a highly regarded barometer of public trust in social institutions.

    On a more general note, its 2020 annual survey (published in January, before COVID-19 became a serious global economic shock), revealed plenty of concerns about technology’s increasing importance in the world economy. A majority of people felt that pace of change was too fast, with over 80% of those surveyed specifically worried about losing their job to automation. Over half the participants expressed doubt as to whether capitalism was working at all.

    Almost 50% of people surveyed across markets in the cryptocurrency edition of the Edelman Trust Barometer report generally trust cryptocurrencies. By comparison, only 10% more people trust banks.



    Stark US-China divide in crypto trust
    Blockchain trust by country also throws up some interesting contrasts and highlights some geopolitical realities. 34% of US respondents trust cryptocurrency, a slight drop from 2019. As the world’s biggest economy, the US is a highly coveted market among crypto firms, but with a decline in trust and a vested interest in protecting the dominance of the dollar, it could well be other countries that end up fuelling crypto’s future.

    Over 80% of Chinese respondents trust crypto, a 10% increase since last year. Trust in crypto also jumped up significantly in Latin markets such as Argentina, Mexico, Colombia and Brazil. The native currencies of these countries have suffered a lot from depreciation against the dollar in 2019, so it’s no surprise that the US’ southern neighbours would look to crypto as an alternative to dollar domination.

    Crypto’s potential for good

    Overall, only 35% of respondents believe cryptocurrencies and blockchain technology will have a net positive impact. Given the ideological motivation behind crypto’s founding, it still faces an uphill struggle to convince people of its noble intentions.

    The US and China are also very split on whether cryptocurrency is a good or bad thing. Just 26% of US participants are convinced of blockchain’s potential for good, whereas China’s figure is 62%.



    Given the Chinese government’s official support for blockchain research, and the imminent launch of the digital Yuan, it is China, rather than the land of the free, that emerges as the biggest champion for blockchain.

    Majority support regulation
    Perhaps the strong numbers in China are unsurprising when one considers that over 60% of respondents agreed that the cryptocurrency sector needs more regulation. This hints that in order to reach mainstream and adoption, cryptocurrency cannot always be opposed to governments and banks, but rather must find a way to work together to win public trust. This process is already well underway. It increasingly looks like blockchain will improve existing financial institutions, rather than replace them.

    Overall, the trend towards mainstream trust in cryptocurrency is positive. Out of the 28 markets surveyed, only three saw trust in cryptoassets go down from last year, and it was only by a small amount. However, one of these was the US, whose disproportionate influence on the world stage cannot be discounted. We’ve just seen, for example, the SEC strike down Telegram’s TON project and gram currency. Indeed, the US doesn’t just have the ability to regulate itself, but the world. Time will tell whether increased adoption in other markets will eventually force the US to change its approach.

    StormGain: invest in the future
    Edelman’s survey goes to show that people are now coming around to the fact that cryptocurrency isn’t going away, and it’s going to be a part of our lives. Now, the question is how best to apply blockchain for good? The US, as a dominant financial power, is naturally more nervous about this potential for change, but crypto is all about empowering individuals.

    And for any individual who wants a stake in the financial technology of the future, StormGain remains the best platform to use. Available as a user-friendly smartphone app or on the web, the award-winning platform enables users to easily buy a range of cryptocurrencies and trade with an up to 200x multiplier. StormGain also offers secure integrated crypto wallets to store your cryptocurrency, and the most generous bonuses for clients, including up to 15% bonus on deposits and up to 10% APR interest bonus on holdings.

    Trust in crypto is building slowly but surely, and if you want to be in a strong position in the future, then the time to invest is now. If you’re ready to be part of the crypto age, it just takes a few seconds to register with StormGain and begin reaping the rewards, or to try a demo account for free.
     
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    NUFC players open up in StormGain Answer Time Part 2

    StormGain takes to the pitch once again with our official sleeve partners Newcastle United FC for round two of StormGain Answer Time.

    In this three-part video series, we get intimate with the magpies and interview the star players about skill, luck and success in the beautiful game - and of course, how much they really know about cryptocurrency, too! Whether you’re a die-hard Newcastle United fan or just crypto-curious, you’ll find some pearls of wisdom among the answers.


    The second episode of StormGain Answer Time is now up, and you can watch Sky Sports News’ Keith Downie chat with Newcastle United players Allan Saint-Maximin (winger), Jamaal Lascelles (defender and captain), Fabian Schär (defender), Matty Longstaff (midfielder) and Karl Darlow (goalie) to get their thoughts on football and finance.

    How does it feel to play at the top level in the English league? What’s their favourite position (on the pitch, of course)? What are their career highlights and why? Watch the full video for answers of these questions and more insights into the inner life of a pro footballer.

    On the crypto side, you’ll get to know if football and crypto professionals can be friends, and what these top athletes can tell us about the history of bitcoin. Also, what on Earth is a Fabcoin? In addition to the player’s answers, you’ll learn some interesting crypto factoids as they pop up in text boxes throughout the interview.

    As the proud sponsor and official sleeve partner of NUFC, StormGain is passionate about making cryptocurrency as accessible and popular as football, with the same enthusiasm that fans bring to support their favourite team on the pitch. That’s why we created the most easy-to-use trading platform in existence, that makes it simple for beginners and experts alike to trade in all the top cryptocurrencies.

    Available as a smartphone app or on the web, StormGain is currently offering its users a fantastic annual interest of 10% on your cryptocurrency holdings and a 15% bonus on deposits. Sign up now and start trading with StormGain today for the best deals in the business!
     
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    Popular cryptocurrencies rush down amid an abundance of mixed news

    The most popular cryptocurrencies are falling in price on Wednesday, and, according to the cryptocurrency trading platform StormGain, the rate of decline for some instruments exceeds 2%.
    Such dynamics are observed against a background of conflicting news flow. In particular, Facebook renamed the wallet for the Libra cryptocurrency and created a new structure for its development. Meanwhile, in China, there is a lawsuit against the major cryptocurrency pyramid - WoToken, which tricked investors into $1 billion. At the same time, it became known that the national cryptocurrency of China will be released ahead of schedule. It will help the country's authorities to deal with possible US sanctions and restore the economy after the coronavirus epidemic.
    With conflicting news coming to the market, the most popular cryptocurrencies may continue their downward movement. In this case, Bitcoin can go down to $8700, Bitcoin Cash - to $220, Ethereum - to $200, XRP - to $0.19, and Litecoin - to $40.
     
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    Popular cryptocurrencies look uncertain because of conflicting news

    According to the cryptocurrency trading platform StormGain, most cryptocurrencies cannot determine the direction of movement because of conflicting news coming from the market.
    In particular, Gemini exchange and Bitwage offered US citizens to open retirement accounts in bitcoins.
    At the same time, Goldman Sachs investment bank named many reasons not to invest in this cryptocurrency - among them are high volatility, use in illegal activities, etc.
    But a transition to growth is not excluded, then bitcoin can soon go up to $9,300, Bitcoin Cash - up to $235, Ethereum - up to $210, XRP - up to $0.21, and Litecoin - up to $45.
     
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    Popular cryptocurrencies can not decide on the direction because of the conflicting news flow

    The most popular cryptocurrencies cannot determine the direction of movement on Monday. According to the cryptocurrency trading platform StormGain, Bitcoin, Ethereum and XRP look better than others.
    The reason for the confusion in the market is a huge stream of conflicting news: For example, the Financial Markets Supervision Authority in Switzerland (FINMA) gave permission to InCore bank to carry out cryptocurrency transactions. Also, the mining company Bitmain launches a new device for mining digital currencies. At the same time, the American investment giant JPMorgan Chase will pay $2.5 million in a lawsuit related to overpriced commissions and interest on transactions with cryptocurrencies. In addition, it was decided to postpone the Berlin hardfork of the Ethereum network, due to the need to finalize the update.
    Probably, in the near future, the most popular cryptocurrencies will continue to move in different directions. In this scenario, Bitcoin will keep near the mark of $9,500, Bitcoin Cash - around $240, Ethereum - $230, XRP - $0.2, and Litecoin - $45.
     
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    Top Chinese advisors propose new digital currency for Asian trade
    Top Chinese political advisers have proposed a new digital currency that could have interesting applications for the greater Asian region.

    The proposal was introduced on Thursday during the Two Sessions, China’s largest annual political gathering. It does not specifically reference cryptocurrency, but instead describes the digital asset as a stablecoin. This term refers to cryptocurrencies backed by a reserve fiat currency. This should protect the currency from the erratic price fluctuations that are common with true cryptocurrencies.

    The proposed stablecoin would be backed by the Chinese yuan and three other major Asian currencies: the Japanese yen, Korean won and the Hong Kong dollar. With an accompanying digital wallet and payment network for cross-border transfers, it is intended to facilitate trade between the four countries in order to help the region recover from the economic shock of the coronavirus crisis.

    People’s Bank of China (PBOC) would head the initiative, which would be organised according to the principle of special drawing rights (SDR), used by the International Monetary Fund (IMF), which scales each country’s currency in proportion to its economy.

    If this sounds familiar, it’s because it greatly resembles Libra, the Facebook-led stablecoin project that has since backed down from its original ambitions. The Libra Association is still active, though now intends to create digital versions of existing currencies rather than introduce a proprietary stablecoin.

    Hong Kong to serve as the launching point
    Neil Shen, founding and managing partner of Sequoia China and a member of China’s upper house, introduced the proposal before Chinese legislators during the first session of the Chinese People’s Political Consultative Conference (PCC). The PCC serves as an advisory upper house where different interest groups and independent members can advise the government on decisions. It is not a legislative organ, so the future of this proposed stablecoin ultimately lies with the government.

    The financial centre of Hong Kong is the lynchpin of the proposal, which suggests creating a regulatory sandbox in the city to experiment with the stablecoin, and then gradually scaling up to enable cross border payments with other countries.

    Several influential Hong Kong personalities are among the 9 co-signatories of Shen’s proposal, including former chief secretary of Hong Kong Henry Tang, Kennedy Wong, a solicitor of the Supreme Court of Hong Kong, and Hong Kong-based billionaire Songqiao Zhang.

    Private companies would work under the auspices of the PBOC to launch and develop the stablecoin, with the latest advancements in fintech. Enterprise users would be provided with a digital wallet to store their stablecoins, and would be able to deposit reserve currency to back it.

    The Hong Kong Monetary Authority and PBOC would erect and supervise a regulatory framework to discourage fraud and money laundering.

    While the stablecoin proposed on Thursday is not the much-anticipated digital yuan, the proposal suggests that it could be a kind of test run for cases of usage and potential problems that could arise with digital currency, before the official digital yuan is rolled out. If the project is a success, then the two digital currencies could be merged.

    Be ready for the digital future with StormGain
    Regardless of whether the proposed stablecoin takes off or not, it’s no secret that China is heavily investing in digital currency, and the effect on the world’s economy cannot be ignored. The US Federal Reserve is also discussing their response. In the long-term, the drive towards government-backed digital currencies will boost the crypto market and increase demand for bitcoin and altcoins.

    StormGain is here to help you get ready for the crypto revolution. Available as a user-friendly app or web platform, StormGain allows you to trade 24/7 with an up to 200x multiplier and 100% liquidity. Thanks to low commissions and up to 10% APR interest on your deposit, StormGain is easily the most rewarding crypto trading platform on the market today.

    Even cryptocurrency newbies can quickly become experts thanks to our in-app education program and dedicated support team. Registering with StormGain is easy and only takes 5 seconds. You can even try it out totally risk-free with our demo account!
     
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    Popular cryptocurrencies are getting cheaper because of the market correction

    The most popular cryptocurrencies mainly decline in price as part of the correction. According to the cryptocurrency trading platform StormGain, the rate of decline reaches 2-3%. But Bitcoin Cash, whose quotes are in the positive area, still looks better than other instruments.
    A drop replaced a brief period of rather rapid growth of cryptocurrencies. In addition, the news that the Ethereum Classic network crashed due to the Phoenix hard fork became unfavorable for investors.
    However, it became known that two Swiss banks received permission to trade cryptocurrencies. And the president of Venezuela ordered that all gas stations in the country accept Petro's national digital currency for payment.
    It is likely that in the near future the decline in quotations of the most popular cryptocurrencies will continue as part of the correction. It can be predicted that Bitcoin will drop to around $9,300, Bitcoin Cash will stop growing and drop to $245, Ethereum will drop in price to $230, XRP to $0.19, and Litecoin to $44.
     
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    Popular cryptocurrencies rise in price on positive news
    The most popular cryptocurrencies mainly grow in price on Friday because of a mostly positive news background. According to the StormGain cryptocurrency platform, the growth rates for individual instruments reach more than 2%.
    A favorable message for investors was the news that the Japanese crypto exchange DeCurrent is going to study the infrastructure of digital payments. To do this, it creates a research group, which will include representatives of large banks, companies and experts.
    In addition, the OKEx digital trading platform has launched Ethereum options in the ETH/USD pair. And the Western Union is about to acquire its competitor MoneyGram International, working with Ripple.
    Probably cryptocurrencies may continue to grow, depending on the signals entering the market. We can expect that Bitcoin will strengthen to $9,900, Bitcoin Cash to $265, Ethereum to $245, XRP to $0.21, and Litecoin to $50.
     
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    stormgain.com Contributor

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    Popular cryptocurrencies can not determine the direction of movement because of conflicting news
    The most popular cryptocurrencies, according to the cryptocurrency trading platform StormGain, do not show a common dynamics with a conflicting news background on Monday.
    For example, American analysts have come to the conclusion that the national cryptocurrency that China wants to launch will have the most devastating effect on bitcoin and the US dollar.
    In addition, Coinbase digital trading platform plans to create a tool to track the movements of cryptocurrencies and extract data about their recipients. It is possible that in the near future the most popular cryptocurrencies will continue to show mixed dynamics. In this case, Bitcoin can go up to $9,900, Bitcoin Cash up to $260, Ethereum up to $250, and XRP, on the contrary, weaken down to $0.19, Litecoin - to $45.
     
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    Popular cryptocurrencies fluctuate despite good news
    The most popular cryptocurrencies still can not determine the direction of movement on Wednesday. According to the cryptocurrency trading platform StormGain, Litecoin looks worse than the rest.
    At the same time, the market receives mostly positive news flow. For example, Coca-Cola will accept cryptocurrency payments at its offices in Australia and New Zealand. In addition, according to a survey organized by Fidelity Investments, it turned out that about a third of institutional investors own cryptocurrencies. Another good news is that more than 100 thousand wallets will participate in Ethereum 2.0 stacking in early autumn.
    It can be expected that the most popular cryptocurrencies will continue to look ambiguous, but moderate growth is not excluded. In this case, Bitcoin has a chance to rise to the level of $9,800, Bitcoin Cash - up to $260, Ethereum - up to $245, XRP - up to $0.21, and Litecoin - up to $47.
     

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