WORLD'S LARGEST ATM MANUFACTURERS ANNOUNCED SUPPORT FOR BITCOIN

Buy bitcoins is becoming easier - traders of all varieties are implementing crypto currency support, according to news.bitcoin.com. Just a few days ago Square announced that they would add the opportunity to purchase BTC using their application. Now the company has entered the game Hyosung, promising support Bitcoin. Soon, ATM users of the company will be able to buy Bitcoin by clicking on a few buttons.

BITCOIN ON REQUEST

In Hyosung announced the support of bitcoin-transactions with the help of Just Cash . When activated, the ATM will work much like a normal transaction. The digital currency will be sent to the recipient's purse after scanning the QR code. So far, only Bitcoin is planned to be added, but in due course, other crypto-currencies may appear.

Hyosung is one of the largest industrial companies in South Korea with 25,000 employees and an income of $ 17 billion for the year 2015. The production of ATMs is only a small part of the operations.

TODAY KOREA, TOMORROW THE WHOLE WORLD

Many have already become accustomed to the fact that in South Korea they like everything connected with bitcoins. However, the affairs of Hyosung are not limited to their native lands. The company operates around the world - so, in the United States alone there is a large number of their ATMs. With banks, partnership is not, so ATMs can be found in night shops and gas stations.

ADVANTAGES OF ATMS

In the announcement of Bitcoin integration into its ATMs Hyosung advertised a number of advantages that should play into the hands of traders. There is a simple implementation, no need for hardware, a new flow of profit and the ability to attract both new and repeat customers.

All this will take place in the form of software updates, so compatibility should not cause any problems. It is characteristic that users seem to have the opportunity to exchange cash for cash, although it is not yet clear how this will work.

It is also unclear what the commission and the exchange rate will be for the purchase of bitcoins in the updated Hyosung ATMs. Usually this method is more expensive if compared with other methods of buying crypto currency (for example, on the exchange).

On the other hand, many people will find bitcoin-ATMs almost ideal solutions because of the typical problems with procedures know-your-customer (translate from English "know your customer").

AMERICAN EXPRESS OPENS THE FIRST BLOCKADE CORRIDOR ON RIPPLE TECHNOLOGY

In 1927, the pilot Charles Lindberg could fly with cash across the Atlantic Ocean faster than most payments cross the same water space at the present time.

While Lindberg made his historic single flight from New York to Paris in 33 hours, a typical bank transfer today takes 1-2 days using Swift, and a typical ACH transaction can take twice as long.

Today's news has been waiting a long time: American Express (Amex) has opened a payment corridor using Ripple. According to the website Coindesk , with the help of it you can send money from England to the United States of America in just a few seconds.

The new corridor was created in cooperation with the Spanish bank Santander. Managing the strategic accounts of Ripple, McRus Tricher, called it obviously a faster, but at the same time, safer way of sending money across the Atlantic.

Tricher, who was previously on the board of directors of Swift, said:

Earlier Amex had to send Swift messages to banks for requesting payment, now Amex is directly connected to banks thanks to Ripple and its cryptography, so the value transfer is instantaneous.

The corridor is managed by the American Express Division for International Payments in Foreign Currency (FXIP). It connects US Amex users using dollars to Santander bank accounts in the UK using British pounds. All this is done with the help of Ripple - RippleNet.

According to Tricher, integration directs non-card payments through a distributed payment network for the possibility of almost instantaneous, verifiable cross-border payments.

DIRECT CONNECTIONS

The project is the last important Amex event for this year. In 2017, the credit giant managed to join the Hyperledger consortium and enter into partnerships with the Bitcoin application provider Abra.

For Ripple, which recently hosted a conference called Swell, the new project is the next step to allow its own blocking platform, which was tested during the first half of 2016, to go on a free flight.

For example, Ripple recently joined Europe and the US through joint work with the Swedish bank SEB, which at the end of last year revealed its intentions to connect Stockholm with New York using Ripple technology.

Tricher said that since the launch in the second quarter of this year, the SEB platform has already conducted transactions for $ 630 million.

If you believe him, the project moves forward and makes it possible to make a transaction in nine seconds or less. Now it is limited to "clean" blocking, which does not require crypto currency.

He said that both projects have something in common: "direct connection". "There is no intermediary in the form of a crypto currency."

ABOUT THE CRYPTO CURRENCY HAVE NOT FORGOTTEN

However, Tricher also shared his expectations that other banks will increasingly follow the example of financial services provider Cuallix. Last month, the company became the first Ripple partner to convert cross-border funds transfers into its own XRP lock token.

Instead of storing dozens of "exotic currencies" (as Tricher called them) on so-called nostro accounts all over the world, Cuallix took the first step towards the release of these funds through the storage of XRP. Otherwise, the funds would be frozen for reuse.

It is the use of Ripple's own crypto currency, says Tricher, which will lead to the company's rise above its competitors. The main one, Swift, creates its own block system using Hyperledger. There are many smaller companies with their own cross-border payments options.

"If banks and bank users accept Ripple like American Express and start connecting, XRP will be an option that they can use for liquidity," he said, adding the following:

It is at this moment that everything will truly come to life.

WALLSTREET FEARS THAT BITCOIN FUTURES "DESTABILIZE THE REAL ECONOMY"

Wall Street is not too happy about the fact that this year before Christmas will have to open the market of crypto-currency futures. A number of high-profile names from this sphere express their concerns aloud, news.bitcoin.com reports . Their rhetoric makes it clear that Bitcoin and others are not very happy in such a society.
WALL STREET ASKS THE REGULATOR TO SEPARATE THE CRYPTO-CURRENCIES

The purpose of the letter is to ask the Commission on Futures Exchange Commission [CFTC] to set the following requirement: each clearing house wishing to work with any crypto currency or derivative financial instrument will have to do it in a separate clearing system, isolated from other products," wrote Chairman of Interactive Brokers (IB) Thomas Pieterfy.

IB is one of the leading suppliers of derivative financial instruments and services for brokered clearing on Wall Street. The letter was published on November 14, 2017 in the Wall Street Journal as an advertisement.

As reported in a variety of sources, Chicago Merc plans to release bitcoin futures in the last weeks of this year. Among the supporters of Bitcoin, the news was adopted with cautious optimism, but, apparently, in the traditional industry, not everyone would like to see such a financial future.

The open letter, which took up the whole page of the ad slot, referred to the chairman of the CFTC, J. Christopher Giancarlo. It warned about the fact that the fate of capital markets is at stake. Mr. Peterfi has called for the isolation of bitcoin futures, so as not to risk the possibility of "destabilizing the real economy".
CRYPTO-CURRENCIES ARE QUITE "NOT RIPE" YET
The letter also says the following: if CME "will clear the crypto currency with other products, a large price movement of the crypto currency destabilizing the participants clearing the crypto currency will destabilize the clearinghouse itself and its ability to fulfill its basic obligation to pay the winners and collect money from the losers for other products in the same clearing pool. "

The crypto currency has no mature, regulated and tested base market," continues to criticize Peterfy. "Products and their markets have existed for less than 10 years and have very little (if any) attitudes to any economic conditions or realities in the world.

Undoubtedly, here the tycoon of derivative instruments refers to the movement "up, down and quickly again up", characteristic of the Bitcoin price. For many current financiers, such volatility violates almost all historical precedents, not to mention technology or other disputes around the crypto currency.

This resonant advertising campaign is the second one for Mr. Peterfi. In 2012, he spent millions on television advertising during the presidential election. Then he lamented over what seemed to him the growth of socialist sentiments and said what now seems ironic:

America is rich thanks to the efforts of people who are hungry for success. Take away their incentive by untruthful criticism, and you take away the wealth that helps us take care of the poor. 

THE MARKET OF BITCOIN FUTURES CME CAN BENEFIT THE "BEARS"

One of the reasons for the success of people who made only long-term investments in the bitcoin market is the lack of an effective way to sell large amounts of bitcoins for a period without coverage (ie "short-sail" or "short"). One of the authors of the Cointelegraph website believes that within a month all this can change if CME realizes its idea of ​​bitcoin futures.

BTC FUTURES CME

Bitcoin's price went up when the CME announced the release of bitcoin futures, scheduled for December 2017. It was expected that these financial instruments will make the class of assets legal. The latter, in turn, should have led to an influx of institutional investors into the Bitcoin market. In case of approval of bitcoin futures by CTFC, the US Securities and Exchange Commission would be difficult to block the traded index bitcoins (also known as Bitcoin ETFs), because there would be a regulated asset in the basis.

However, it is not a fact that investors would have caught the most important thing. The appearance of bitcoin futures would provide "bears" (traders expecting a drop in asset prices) a way to "short" huge amounts of bitcoins. Today, such luxury is not too accessible to them.

Terry Duffy, chairman and CEO of CME, in a conversation with CNBC said:

Today you can not" short "Bitcoin. Therefore, there is only one way of dealing: you either buy or sell [crypto currency] to others. Thanks to this, a two-sided market is being created, and I think this is always much more effective.

MARGINAL TRADING ON STOCK EXCHANGES

Technically, today you can "shorten" Bitcoin on existing exchanges with the help of margin trading. However, there is not enough liquidity and volumes, if we talk about large investors. Banks such as Bitfinex allow one user to borrow digital tokens and sell them, provided that others agree to lend the assets to the marginal trader.

But there are quite a few such exchanges - most offer only ordinary sales and purchases, which is beneficial to traditional long-term investors. In addition, many exchanges (the same Bitfinex, for example) do not allow US citizens to conduct margin trading on their platform. Regulated same futures - it's quite another matter, since such transactions are supported by cash, so short-sellers do not have to take bitcoins in debt.

"BEARS," BEWARE!

Bitcoin futures are able to provide skeptics a way to "short" the crypto currency, but this does not mean that such a trading strategy will be successful. Given the high volatility of Bitcoin and the propensity for sudden take-offs, futures can easily become a "bear trap" instead of making the players "teeth" drop sharper. Even Jamie Dimon, who called Bitcoin a deception and a bubble, said that he would not "short" him. Here is a quote from his conversation with CNBC in September 2017:

I'm not saying that you have to shorten. Bitcoin can reach up to $ 100,000 before it starts to fall. This is clearly not what people should be advised.

So beware, "bears". If there is something more complex than defining a "bubble", then this is clearly a calculation of the time when it bursts.

Blockchain technology is in the field of education 10 world-class universities have set up blockchain courses

Blockchain Technology is one of the fastest growing industries in the world. The purpose of blockchain technology is to increase the efficiency of other industries - from music and energy to the financial sector, etc. Blockchain technology will also reduce the costs in these areas.

As society's demand for blockchain technology continues to grow, so do students' demands for educational opportunities. The company paid large sums of money to train qualified blockchain industry professionals and currently blockchain is one of the best in the industry. This article is about 10 universities offering blockchain classes.

Cornell UniversityCornell University is one of the leading computer-centric universities and its blockchain classes are worth learning by learners. Emin Gun Sirer, who has been a leader in blockchain technology for many years, is an orthodox blockchain course.

Cambridge UniversityCambridge is one of the best universities in the world and has many opportunities both on campus and in the future. Cambridge University focuses primarily on economics in the area of ​​blockchain courses.

Princeton UniversityPrinceton, one of the most prestigious universities in the United States, has pioneered a course called Bitcoin and Encrypted Digital Currency Technology. The course is actually online, answering many questions about bitcoin and foreseeing the future of bitcoin.

University of Nicosia, CyprusThe University is the largest university in Cyprus and its blockchain courses are mainly those related to the introduction of digital currency. This course is freely available on the web and is a publicly registered MOOC course.

Stanford UniversitySurprisingly, Stanford University introduced a unique course called "Bitcoin Engineering." The main purpose of this course is to guide students to create their own bitcoin application that is more computerized.

British B9 Laboratory CollegeThe B9 Lab Academy is devoted to understanding and developing more technologies behind bitcoin and blockchain technology and analyzing its social impact.

University of Copenhagen, DenmarkRobin Baldwin, an educator, writes: "Denmark has always been the leader in technology and the university is the best choice where you can understand the blockchain technology development."

New York UniversityIn 2014, New York University opened a blockchain course titled "The Law and Business of Bitcoin and Other cryptocurrencies," which was originally opened The course is still being taught at present.

Duke UniversityUndoubtedly, Duke University, one of the leading universities in the United States, will start a blockchain course. Its main course, entitled Innovation, Subversion and Password Investment, provides an in-depth discussion of the future of bitcoin and blockchain technology.

Massachusetts Institute of TechnologyAs a leading university, MIT is involved in a wide range of technologies. Of course, it also offers a blockchain technology course. MIT is one of the first universities to offer blockchain technology-related courses and is the defender of the current Bitcoin agreement.

CHINA WILL TURN OFF BITCOIN-MINERS CHEAP ELECTRICITY

It seems that the Chinese government does not intend to abandon its anti-crypto currency position: the Cointelegraph website shares with local media reports that the cheap hydroelectric power used by the largest Bitcoin farms of the Middle Kingdom may soon go into oblivion.

The statement on stopping the supply of cheap electricity for mining refers to the fact that Sichuan Electric Power Company issued a circular with a notice that it will no longer provide the necessary energy from its connected hydroelectric power stations. The document also allegedly calls the mining of the bitcoins "an illegal operation." So far, the data on the circular has not been fully confirmed.
THE GOVERNMENT CONTINUES TO PRESS

The statement from the energy companies does not reflect the general mood among the miners, according to the article of local media . They believe that for crypto-currency operations, "unnecessary water" is used, that is, water that flows without generating electricity. Therefore, the price was so low.

And yet, the power cutoff goes on two fronts: the province not only stated that "there will be no new power stations," but it also buys existing ones. Here's what you can read in the article:

On the one hand, Sichuan Province issued a circular at the political level, banning the emergence of new small hydroelectric power stations; [At the same time,] the energy company is moving towards acquiring such stations to promote its own power grid. This greatly reduces the amount of cheap electric energy for Bitcoin.

Such a change would well correspond to the attempts of the Chinese government to penetrate all spheres of the crypto currency.

Since the veracity of the story has not yet been confirmed, we advise interested readers to follow the further development of events.

United Nations agencies turned to enabling blockchain to combat child trafficking

The United Nations has partnered with the World Identity Network (WIN) to conduct blockchain certification pilots aimed at deterring child trafficking.
On Friday, the humanitarian blockchain summit held in New York announced the news and said that UNOPS and the UN Office of Information and Communications Technology (UN-OICT) will also participate in the pilot project .
The statement released said that if the digital identity is stored in the blockchain, "the chances of seizing the traffickers will be greatly increased." In addition, storing identity data in a tamper-proof block chain will make child trafficking more "traceable and preventative".
According to Dr. Mariana Dahan, co-founder and CEO of WIN, children under the age of five who are "unknown" and do not have a birth certificate are at risk of falling into the hands of traffickers. These children are often missed by social programs provided by the government or development agencies.
She added: "Some developing countries are actively looking for more effective ways to stop the trafficking of children, and identification has always been at the heart of the solution."
Traffickers use fake ID documents to transport adolescents across borders who are eventually forced to engage in serious illicit activities, including sexual transactions and illegal human organ transactions.
Yannick Glemarec, deputy executive director of the UN Women's Organization, said: "Child trafficking is one of the biggest violations of human rights."
She went on to say that the blockchain was a "potentially powerful" technology that could be used to solve the problem and potentially save "millions of children."

Should Overstock be transformed into a blockchain company?

Taken From Cointelegraph

Overstock is an online retailer with blockchain investments, but the market sees it as a blockchain. Should Overstock now shift its focus to blockchain business?

Loss, but stock prices
Overstock did a great job in 2017. Shares rose from $ 17.70 at the beginning of the year to $ 53.15 at the close of November 10, or 200%. After the company reported a pretax loss of $ 6.5 million in the third quarter of 2017, its share price soared 30% on Thursday. The bottom line seems to have nothing to do with the market valuation of Overstock. This optimism stems from the belief that Overstock will eventually be rewarded for its investment in blockchain technology.Overstock's ICO program also seems to have stimulated the market.

Should Overstock shift the focus to the blockchain?
In terms of valuations, the stock market seems to have neglected Overstock's core business of selling household goods and apparel. The whole point seems to be the ICO and investment in the blockchain area. The market seems to be really pleased that Overstock has changed its home electronics business. DA Davidson analyst Tom Forte raised his price target for Overstock from $ 57 to $ 85. In the client's report, Tom Forte wrote:

We now see the potential to unlock value in its two most important assets, home-e-commerce and Medici Ventures, a portfolio of nine companies that leverage the blockchain to varying degrees.

Unpredictable market
Although the main goal of corporate management is to raise shareholder value (and increase market value), they should remember that the market is a fickle animal. Earlier this month, a company rose 400% after it changed its name from On-line Plc to On-line Blockchain Plc.Therefore, changing a company's strategy based on the latest fashion may not be a good way to drive shareholder value over the long term. Although Overstock may transform itself into a blockchain company, this should not be why the blockchain company is highly valued by the market.

Amazon started from the bookstore
While the idea of ​​Overstock, the online retailer of homeware and apparel, shifting its core business looks radical, there is no precedent. Founded in 1994, Amazon started as an online bookstore but has now surpassed its conviction. It earned about $ 16 billion in sales of cloud computing services alone. Nokia, the main seller of cell phones in 2000, was a pulp mill founded in 1865. Many companies are changing themselves with the times. If Overstock does shift its focus to blockchain business and succeed, then few should remember that it was initially an online retailer.

With Bitcoin's Adolescence Comes Real Competition

With the calling off of the New York Agreement to force the implementation of Segwit2x Bitcoin is now at a fascinating fork in the road(all puns intended). Bitcoin prices are falling as people leave the network and Bitcoin Cash prices are spiking.

I advised my subscribers to hedge 15-25% of their Bitcoin position with Bitcoin Cash at $400 on October 28th. That trade has a current return of over 300% with Bitcoin Cash now trading solidly above $1200.

Even with what now looks like a blow-off, near-term top in Bitcoin prices, Bitcoin investors are still up around $600 per Bitcoin (around 12%) since that day. So, no one should be crying in their beer just yet.

Where Winning Looks Like Losing
But, as Rhett Creighton points out in a very good article at Cointelegraph,com, Bitcoin’s newfound weakness may be structural for more than just a few days worth of healthy, technical correction.

In short, the Bitcoin Core Developer team which won the battle over Segwit2x may have lost the war. Bitcoin needs a transaction-scaling solution. And it needs one quick.

Bitcoin Cash is a real competitor to Bitcoin because it combines big 8MB block and quick settlement times without any of the off-chain or side-chain complications associated with segregated witness (Segwit).

But it does have the drawback of a single core developer. But, I’m a hard-core free-market guy. Competition is what keeps everyone honest.

This is not to say that I’m not a fan of Segwit. I am. But, am I a fan of Segwit on Bitcoin? I don’t know.

In the world of cryptocurrencies I want a reserve asset that sits at the bottom of Exter’s Monetary Pyramid that can be 1) incorruptible and 2) a standard against which all other monetary-like assets, including utility tokens like Ethereum, can be measured.

The Current Monetary System – Exter’s Pyramid with Gold as the Foundation Asset

It’s the function that gold still functions within the global monetary system, despite protestations to the contrary by everyone from central bankers like Ben Bernanke (“I don’t know? Tradition?”) to students of history like Martin Armstrong (a hedge against government incompetence).

Bitcoin has to continue to be that asset for the cryptocurrency and crypto-token community or the community will go adrift, unmoored from the anchor of sequentially-verified transactions from previous blocks.

The Real Battle for Bitcoin

And that’s where I have a bone to pick with Rhett over the following:

I fully expect the market cap of all crypto tokens to increase exponentially over the next few years, but this is not a winner-take-all scenario. Today, mainstream media financial advisors are touting Bitcoin as “the new gold,” but it can’t ever be that. To get a sense of how it’s different, imagine a universe where anyone could create a new kind of metal with essentially the same properties of gold.

Expecting Bitcoin to have the majority market share of Blockchains in the future is about as ridiculous as expecting the East India Company to be more valuable than all other corporations combined today.

Nonsense. The cryptocurrency market languished for four years because there was no compelling reason to back any other coin than Bitcoin in any substantive way. The past is littered with technologically superior coins to Bitcoin and yet Bitcoin is $6000+ and many of them are $0.001.

The market craves those unit of account and store of wealth attributes that real monies have. Just because something has the potential to be that doesn’t mean the market has to pay it any attention. Otherwise Feathercoin or Litecoin would have out-competed Bitcoin three years ago.

Litecoin would have never had to incorporate the Lightning Network to differentiate itself from Bitcoin.
Rhett’s own project, Zcash, wouldn’t have been looking for its niche in the privacy space. But, the use of these coins doesn’t mean that Bitcoin can’t act like digital gold. In fact, with the collapse of Segwit2x and maintaining its high fees and low transaction density Bitcoin has more in common with physical gold than it has ever had previously now that the cryptocurrency market is maturing into one that settles actual trade.

Crypto-Gold Mine
It’s become a bad medium of exchange, just like gold.

If you want to move money around the net Litecoin is far superior as are dozens of other coins. But, if you want the security of the oldest blockchain with the most trust built up over time, then Bitcoin is absolutely where you store your wealth.

Just like Gold.

Bitcoin’s Flaws Become Strengths when viewed as a Foundation Monetary Asset

Do you see the similarities here? Gold is hard to do real business in. Who wants to weigh out 0.1 grams of gold to buy a hamburger (around $4.50)? There’s a real cost to doing transactions using gold as a medium of exchange. It’s a time cost.

Bitcoin now looks exactly like Gold. It’s expensive to own and or move Gold when compared against the dollar just like it is expensive and slow to move Bitcoins when compared with Litecoin or something else.

That makes its flaws strengths as a means by which to interface the ‘real’ world with the ‘crypto’ world. Bitcoin doesn’t need to maintain transaction market share to maintain its relevance. In fact, it losing market share is an expression that it is becoming that foundation asset we need it to be.

What we need is the volatility of the cryptocurrency exchange rates to stabilize. For Litecoin to trade consistently within a 10% band relative to Bitcoin. If we begin to see that volatility of the LTC/BTC pair die down over the next 18 months or so, then remember then you’ll know what is happening.

It will prove the whole cryptocurrency thesis that lack of central control over the issuance of monetary assets will be driven by end-users not central planners.

The dollar price of these coins will continue to rise, but they will do so in concert, in relation to the foundation asset, most likely Bitcoin. Over time, we should see one currency emerge as the standard by which all others are measured.

Bitcoin’s Competition

But, Rhett is right that Bitcoin Cash has the real potential to be the real winner here. Why? Because it is a soft fork of that original Bitcoin blockchain with the added advantages of a it being, for now, an excellent medium of exchange — low fees, short settlement times, no side-chains.

What this means is that Bitcoin Cash can, if its backers and developers stay on mission and are honest, compete with Bitcoin for the role of foundation asset. Litecoin can’t. It made it’s choice by going with side-chain payment processing.

The dark horse in this race is Bitcoin Gold. But, it too has the potential to become the new crypto-gold.

What Does this Look Like?

What we don’t know at this point is what the market wants in terms of cost structure for its reserve asset.

Do we want a very liquid one or a relatively-speaking liquid one like Gold? It’s a good question that I don’t have an answer to today. My guess is an liquid one that can reflect the value of the crypto-markets versus the value of the fiat-markets better by resisting hot money flows because of the high barrier to exchange.

Either Bitcoin or Bitcoin Gold.

But what I do know is that the entire cryptocurrency market just grew up a little and real world growing pains are on the horizon.

I would be hedged accordingly amongst all of the top market-cap coins that the market is right now separating off as serving real market needs. I believe in the division of labor. Each will serve different niches and work to keep the foundation coin developers honest.

There is no one blockchain can rule them all.

We tried that in the ‘real world,’ it was called the petrodollar and it gave rise to a level of wealth inequality and systemic corruption orders of magnitude larger than the world has ever seen.

Why would we want to recreate that in the crypto-world? That’s what, ideologically, the Bitcoin Core developers were fighting for against Segwit2x.

BITCOIN GOLD WILL APPEAR THIS SUNDAY

The developers of this bitcoin-blocking fork wrote on their blog about the forthcoming release of the formal software client, which is to be held at 19:00 GMT on November 12. The project has gained support from the community of relatively little-known developers, as well as Lightning ASIC, the supplier of "iron" for mining from Hong Kong.

A FEW WORDS ABOUT BITCOIN GOLD

The main idea of ​​Bitcoin Gold is to save most of the protocol properties, but to limit the use of special chips for mining.

Also, it is the latest example of the "dispatched" crypto currency, which will provide new koins to anyone who owned bitcoins during the separation or before the differences in the record of transactions.

AN INCOMPREHENSIBLE STEP FROM THE DEVELOPERS

A number of observers criticized the fact that the Bitcoin Gold team isolated the main blocks since the formal creation of the network last month - a certain amount of coins was delayed to support the development.

In the comments, the project team tried to calm the market, perhaps, just the same because of concerns about their work.

"We are extremely grateful to the community around the world, which has given hash power to our test networks. In addition to patient testing of the process of handwriting, they allowed exchanges, pools, purse developers and other service providers to implement and test BTG support in order to provide a full range of services for Bitcoin Gold community during the launch, "the patrons of the project said.

There is almost no doubt that on the following days the exchanges will closely monitor the launch. Shortly after its release in August, Bitcoin Cash, another crypto currency, separated from the Bitcoin network, has accumulated almost $ billion of market value.

Therefore, traders and stock exchanges will observe whether history will repeat itself.

A source

Trading News and Cryptocurrency

In crypto-currency trading, much in common with both forex and the sale of shares. Each of these assets can be traded using different trading strategies and technical, quantitative or fundamental analysis. In this article, we will focus on a fundamental analysis and how to succeed in crypto-currency trading with the help of news trading.

We all know how news can affect prices on the stock exchange. This is especially true for small-scale shares, in which case one corporate statement can have a huge impact on the price. The same is true of forex, which largely depends on the fundamental indicators in the long term and on the technical ones - in the short term.

CRYPTO CURRENCY IS IDEAL FOR NEWS TRADING

There is an opinion that crypto-currency space is better suited for news trading than stock exchanges or forex. The main reason for this is the lack of institutional traders in the crypto-space, including high-frequency ones. In this area, retail traders still dominate, which means that a quick and reasonable reaction to news reports will bring a much better chance of making a profit.
What are the important things to consider when trading on the news?

• Is the news fresh? It is necessary to see if this is really "news" - otherwise it has already affected prices. Look also at how the price moved before the appearance of this information. Think whether the news has confirmed the expected outcome of the market or brought with it new data.
• Is the news important for the price of a crypto currency? Can it affect the price in the long term? Or is it a one-off impulse?
• Is the crypto currency sufficient enough to trade profitably in the short term? How many
  people follow her and the relevant news?
  
  Let's see what the real scenario can be:
  
  Stage 1 - the first transaction: The news has just appeared and the first reaction to the price is already visible. This is your first opportunity to open a position in the market with which you can profit. Feel free to open with good dynamics and liquidity.
  
  Stage 2 - to come into play new buyers: After the initial euphoria has passed, you can often see the movement in the opposite direction. This is expected and happens due to the fact that all traders who were ready for immediate purchase have already received confirmation of the order. To further increase the market, it is necessary that new buyers enter the business. Most often this is what happens. More and more traders come into play as the positive news about a particular crypto asset spreads. This makes the price move up.
  
  Stage 3 - is an opportunity for swing trading: Medium and long-term traders are already looking at the opportunity to make money on this asset "in the game" instead of those boring pieces for which they are currently holding and which do not bring them any income. This type of traders is eyeing the long-term opportunities among the Crypto-currencies in the trend. As soon as the upward trend is formed, they try to enter as early as possible and "saddle" the
  trend.
  

HOW LONG SHOULD I TRADE

The trend will continue until new traders stop rushing to this opportunity. Traditionally, trends act as a self-fulfilling prophecy: the longer a trend lasts, the more people hear about it and join the current. When we reach a point where there are more sellers than new customers, the trend ends, and the cycle can repeat in the opposite direction.

One way to estimate the duration of the trend and calculate the target price is to apply the Fibonacci extension. You can also study the earlier trends of the asset and try to find a model. In all classes of assets, including the Crypto currency, trends move in the form of waves, which are most often repeated.

Personally, I prefer to trade until the market gives a clear indication that the trend is over. Usually this indication is a sharp drop in prices below the level of one of the moving averages, for example, 20-day trading during the day. This allows you not to think about when it's time to stop trading. I never change this rule by starting to trade. It is not so important what strategy you use to exit trading, but it is very important to have a predefined exit plan and really comply with it.

These strategies work in the trade of crypto-currencies no worse than in the case of stock exchanges and forex. As the legendary trader Jesse Livermore said more than a hundred years ago:

"Pockets change, dummies change, stocks change, but Wall Street never changes because of the immutability of human nature."

The material is taken from the site Hacked.com .