WALL STREET IS BACKING OUT OF CRYPTO; TIME TO GET OUT?
Wall Street is quietly moving out of the crypto market, Bloomberg reports. While the market has continued to be battered by news of fraud and imminent regulatory crackdowns, there was a time when it seemed like Wall Street had started to warm up to the rise of crypto assets.
Last year, when the crypto industry enjoyed what was probably the biggest bull run in its history, it seemed a lot of mainstream financial companies were also ready to join the bandwagon. Names like Goldman Sachs, Fidelity Investments and Barclays Bank Plc. were all affiliated with reports to open cryptocurrency divisions, and these speculations sent ripples around the financial industry. Read More @ https://www.ccn.com/wall-street-is-backing-out-of-crypto/
Beware Of Crypto Risks – 10 Risks To Watch – Wide Entrance, Narrow Exit
You know we are at the top of the hype cycle on blockchain and cryptocurrencies when examples of peak crypto include glistening fleets of Lamborghinis as a reflection of price spikes and talk of crypto-utopia with no central governments. Nonetheless, there are a number of key risks that plague this asset class and stand in the way of broader market adoption and stability. While there is no doubt cryptocurrencies, digital tokens and blockchain-based business models are here to stay, understanding how risk interplays with this emerging market and their underlying technologies will not only help protect investors, it will also give regulators a steady hand and, hopefully, guide how entrepreneurs are approaching risk management in their projects, which is not easily done after the fact. One unique facet that blockchain-based projects bring to the market is that unlike the analog economy, which hopes to code good conduct in people who have the care, custody and control of our savings and assets, is that “good conduct” can be coded at the technology layer and in an unalterable and transparent manner. In short, a machine is not naturally greedy or prone to moral hazard (risk taking without bearing the consequences). Read More @ https://www.forbes.com/sites/dantedisparte/2018/07/21/beware-of-crypto-risks-10-risks-to-watch/#581441585f17
HISTORY – BEFORE YOU JUMPED INTO CRYPTO. – ALMOST EVERYONE ONE OF THEM ARE RED & PLUNGING…. CLICK https://coinmarketcap.com
- December 17, 2017: bitcoin’s price briefly reaches its all time high of $19,783.06.
- December 22, 2017, bitcoin fell below $11,000, a fall of 45% from its peak.
- January 12, 2018, Amidst rumors that South Korea could be preparing to ban trading in cryptocurrency, the price of bitcoin depreciated by 12 percent.
- January 26, 2018, Coincheck, Japan’s largest cryptocurrency OTC market, was hacked. 530 million US dollars of the NEM were stolen by the hacker, and the loss was the largest ever by an incident of theft, which caused Coincheck to indefinitely suspend trading.
- From 26 January to 6 February, the price of Bitcoin halved, and reached 6,000 US dollars. Additional negative news for the cryptocurrency market continued in the first quarter of 2018. The price remained low though the level slightly recovered in the first quarter of 2018.
- March 7, 2018, Compromised Binance API keys were used to execute irregular trades.
- Late March 2018, Facebook, Google, and Twitter banned advertisements for initial coin offerings (ICO) and token sales.
- November 15, 2018, Bitcoin’s market capitalization fell below $100 billion for the first time since October 2017 and the price of Bitcoin fell to $5,500.
FINWAZE STAYS AWAY FROM CRYPTO AND WE NEVER ENDORSE FIAT MONEY. WE FOCUS ON REAL ASSETS – STOCKS & SHARES, PHYSICAL GOLD, INSURANCE, BONDS, MONEY MARKET, PROPERTIES, FX AND POULTRY/AGRICULTURE.
High Risk Investment Warning:
Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.