Bitcoin heads south

Bitcoin heads south

On Wednesday, crypto assets slumped a bit in the face of a lack of evident price triggers.

Eventually, Bitcoin headed south by 0.42% ending up with $3,622.40 on the Index. As for Ethereum, it tumbled by 3.6% being worth $124.06. Additionally, Litecoin reached $31.51, slipping by 1.6%. XRP declined by 0.5% concluding the trading session at $0.3293.

In general, digital coins stood still, with the overall crypto market capitalization amounting to $122 billion.

Besides this, crude giants Total and Chevron revealed they had joined blockchain-based platform dubbed Vakt, which turns out to be one of the first blockchain schemes for commodities. The companies did so due to the fact that now a lot of businesses seek ways to harness the technology behind Bitcoin as well as other crypto assets.

Coin miners along with investors suggest that popularizing the underlying technology will ultimately result in broader acceptance and employment of crypto assets.

Started in 2017, Vakt already includes major companies such as Royal Dutch Shell, Mercuria Energy Group, BP. The given platform happens to be a post-trade processing site for commodities, which pledges to reduce risks and cut costs via the elimination of paper contracts.

Total has been backing the industry initiative to have cargo post-trade processes digitized for some time. It’s expected to be an important step towards faster, safer and more affordable logistical operations. 

In addition to this, the Bitfury Group, a global blockchain company is starting an open-source blockchain-secured music platform. That’s probably the first attempt to have the music industry changes with the help of blockchain.  

The platform is going to have the transfer of copyrighted assets streamlined, by simply making a digital system to share and also monetize intellectual property.

By the way, the London-based company has been recently valued at $1 billion. It sells crypto mining equipment and also works on  blockchain technology.


Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

USD and GBP Traders Await Big Moves
USD and GBP Traders Await Big Moves

The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera