Australian bank to issue blockchain-powered bonds

10 August 2018

This content has been created by X-Trade Brokers Dom Maklerski S.A.

Summary:

  • World Bank Group cooperates with an Australian bank to make a bond issuance based on blockchain

  • Could Google or Twitter data bases support crypto investment decisions?

  • Bitcoin (BITCOIN on xStation5) pulls out the $6000 handle

Friday seems to be a continuation of yesterday’s calmness. Over the past 24 hours major cryptocurrencies were settling down and today they continue pushing lower. The capitalization of all cryptocurrencies stands subtly above $225 billion whereas the capitalization of altcoins sits a notch above $115 billion. Today’s major topics concern blockchain-powered bonds, Chilean merchants and a possible application of  the Google Search engine into cryptocurrency investing.

BITCOIN has started the day lower, and  then it has deepened its decline. One may suppose that the digital currency could revisit the support area nearby $6000. Source: xStation5

First of all, let’s mention about the new idea regarding blockchain-powered bonds. Recently, the World Bank has started a cooperation with the Commonwealth Bank of Australia, one of the largest Australian banks, to develop this concept. According to CBA’s release, the mentioned bonds could probably be created, allocated, managed and transferred using blockchain technology. One this idea materializes it could be another milestone for the crypto world.

ETHEREUM is taking a rest today after this week’s huge slide from around $400. At press time, ETHEREUM is moving slightly above the $350 mark that may be a significant technical obstacle in the nearby future. Source: xStation5

The new National Bureau of Economic Research’s paper suggests that cryptocurrencies’ prices may depend on attention related to given virtual currency. Two economists from Yale University, Yukun Liu and Aleh Tsyvinski, in their paper described that it could be the relation between attention cryptocurrencies receive and their price movements. Cryptocurrencies may be undoubtedly an interesting area of investing, and it could probably will be more and more supported by academics.

 

LITECOIN saw the remarkable declines in the mid-week. Nevertheless, LITECOIN, just like Ether, is relaxing today. The coin is trading around the $60 handle at press time. This level may be a crucial roadblock for extended downward movements. Source: xStation5

This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.