More than a decade after Bitcoin’s introduction, there is still considerable confusion about its taxes. The cryptocurrency was conceived of as a medium for daily transactions but it has yet to gain traction as a currency. Meanwhile, it has become popular with speculators and traders interested in making a quick

A blockchain ETF is similar to the standard sector- or theme-based stock investments through exchange-traded funds (ETFs), working by exclusively investing in a basket of blockchain-based companies. The companies owned in a blockchain ETF have business operations in blockchain technology or are those that invest or profit from blockchain. Blockchain is

Bitcoin claims that “it is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. That lack of central authority is the primary reason governments are afraid of cryptocurrency. To understand this fear, it is important to know a little bit about governments

Japan declared Bitcoin an official currency in 2017, and since then, the cryptocurrency market in the country has taken off like wildfire. U.S. investors interested in forex trading have yet another currency pair available to them. But considering how new the field is, there is still plenty of opportunity for investors and

What is the future of banking, central banking and financial intermediation in a world in which cryptocurrency is dominant? Let’s speculate a bit, with the proviso that no one can fully anticipate how these markets will evolve. We can find hints in the speech by IMF head Christine Lagarde at a Bank

Understanding the Relationship Between Currencies and Bond Spread A greater foreign money helps to maintain down inflation while a weaker forex will increase inflation. Central banks take gain of this relationship as an oblique means to correctly manipulate their respective countries economic policies. By appreciation and looking at these relationships and their patterns, buyers have a window into the currency market, and thereby a ability to predict and capitalize on the movements of currencies. Interest and Currencies To see how hobby costs

Bid-Ask Spreads in the Retail Forex Market The bid charge is what the supplier is willing to pay for a currency, whilst the ask rate is the fee at which a provider will sell the same currency. For example, Ellen is an American vacationer traveling Europe. The value of purchasing euros at the airport is as follows: EUR 1 = USD 1.30 / USD 1.40 The higher price (USD 1.40) is the price to buy each euro. Ellen needs to buy EUR 5,000, so she would have

Bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or “engulfs” the smaller up candle. The pattern can be important because it shows sellers

What is a Bullish Engulfing Pattern? The bullish engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The Bullish Engulfing pattern appears in a downtrend and is a combination of one

Engulfing candlestick patterns are comprised of two bars on a price chart. They are used to indicate a market reversal. The second candlestick will be much larger than the first, so that it completely covers or ‘engulfs’ the length of the previous bar. There are two types: Bullish engulfing candlestick