Like most cryptocurrency exchanges, BTC Markets experienced a serious growth spurt in 2018 when a surge of initial coin offerings inflated the digital asset market. Though this bubble soon burst, 2018 was also the year that BTC Markets added XRP to its exchange. As a source of liquidity for faster, cheaper cross-border payments, XRP has … Continued
What is the Bitcoin ?
Bitcoin has burst onto the international financial scene in 2017. Appealing to both Wall Street and individuals despite its opacity and putting regulators under pressure. Its value rose from around $ 1,000 in January to over $ 20,000 in mid-December, before falling back to $ 13,000. A dizzying ascent threatening a bubble, even in financial circles ripped to speculation and volatility. The consecration came with the launch on December 10, 2017 of first exchanges of financial products to speculate on its evolution on the US stock market platform Chicago board options exchange (Cboe).
Bitcoin, which relies on a peer-to-peer payment system based on so-called “blockchain” or “blockchain” technology.
Bitcoin is making a dent: it is possible in some cities to pay for it. restaurant note, buy a car or even a house using it. Bitcoin advocates want to rely on this craze to ask the SEC. The US stock exchange policeman authorize the creation of an ETF.
A kind of financial investment in which anyone could put their savings. The value of this financial savings will depend on the performance of bitcoin. The big banks, which play the role of intermediaries in risky markets. The question was the lack of transparency in setting the price of bitcoin and therefore fear price manipulation.
Appeared for the first time in 2009, bitcoin was traded so far mainly on the internet without being regulated. Unlike traditional currencies, it is not issued by a central bank. Transactions are done without intermediaries and it is not necessary to provide personal information. This anonymity and the lack of regulation attract thugs. Also the traffickers wishing to launder dirty money and chills professional investors.
With the exception of Japan, which recognized bitcoin in April 2017 as a legal means of payment. The other major countries wave the red rag. Janet Yellen, President of the US Central Bank (Fed), believes that bitcoin “is not an official currency” and urges financial institutions to ensure that their bitcoin transactions do not violate money laundering laws. money.