Evergreen buck is nearly intact
On Friday, the evergreen buck was nearly intact in Asia having traded a bit higher earlier in the day in the face of upbeat mood of progress in China-US trade negotiations…
Crypto assets slump amid market selloff
On Tuesday, key crypto assets declined in Asia due to the fact that digital token companies are reducing their staff in the face of a huge market selloff.
As a matter of fact, the number one digital coin, Bitcoin went down by 3.1% coming up with a reading of $3,462.7. As for Ethereum, this crypto asset lost 2.3% trading at $90.6.
Besides this, XRP rallied by 0.3% trading at $0.30909. Litecoin slipped by 2.7% showing $24.230.
Cryptocurrency companies are currently laying off more staff for the purpose of surviving a devastating market selloff, as the Wall Street Journal informed. Blockchain venture company ConsenSys is on the verge of reducing nearly 13% of its employees, while blockchain-based social network company Steemit fired up to 70% of its staff.
Bitcoin has sunk almost 80% to its lowest value in 2018 from $17,172.3 at its maximum in January. Besides this, Ethereum has also declined about 90% from January in 2018. The overall cryptocurrency market capitalization dived up to 7 times from the beginning of 2018, as CoinMarketCap ascertains.
Global organizations are willing to try their hands in the ledger technology with the aim of resolving global challenges. For example, the United Nations’ arm for children, UNICEF announced an ambitious $100,000 investment in up to six blockchain startups to come up with open-source prototypes of blockchain applications for a year.
Chris Fabian, UNICEF Innovation Principal Adviser told that blockchain technology is still raw, so a great deal of learning and experimentation is required, and failures are inevitable in this case. Nevertheless, Chris Fabian is assured that blockchain can make the world better.
Furthermore, in Alberta, Canada the first city digital coin in the country, Calgary Digital Dollars showed up. The aim of the project is to stimulate small businesses as well as non-profit organizations in the city.
Similar
Bitcoin stands still, fluctuating within medium-term band
On Thursday, crypto assets generally traded sideways…
Evergreen buck soars on dismal EU outlook
On Wednesday, the evergreen buck tacked on versus the common currency due to the fact the euro was suppressed by fears about the euro zone economy…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
