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Ripple CEO warns against most cryptocurrencies

The CEO of Ripple, which is one of the most rising cryptocurrencies of 2017 and is within a company unlike other cryptocurrencies,

Speaking at the Gold Sachs Technology and Internet Conference, Garlinghouse said that most cryptocurrencies have no value and are only speculative. stated that it was bought and sold for purposes. He said that the underlying reason for this rhetoric is that most cryptocurrencies serve no purpose. Considering that there are over 5000 coins circulating in the market and most of them were created using the codes of other coins, we can say that Garlinghouse’s thesis is correct.

So what is Ripple’s purpose?

As it is known, the market volume is currently known. The purpose of Ripple, which is the third crypto currency after Bitcoin and Ethereum, is to provide fast and low-cost transactions between banks. Ripple, which was at the level of $ 3.30 in January, is trading at the level of $ 1 these days. Garlinghouse also stated that Ripple is 1000 times faster and cheaper than Bitcoin.

Bitcoin cash, which fell by 20 percent to $ 466 with China’s ICO ban, continues to make up for its losses.

Cryptocoin has risen to its pre-China ban and is still rising. The cryptocurrency did not stop after reaching the level of $ 600 and it has risen 20 percent to $ 683 today.

Bitcoin cash, which left Bitcoin on August 1, continued to grow steadily and gained the trust of users.

Cryptocurrency is the 3rd crypto coin with the largest trading volume after bitcoin and ethereum, with a market cap of $11.3 billion.

Although crypto money has earned less than bitcoin recently, mining operations did not stop. With this rise, it is understood that the miners made the right choice.

Swedish Volvo, which produces trucks, buses, automobiles, construction equipment, marine engines and industrial engines, announced that it aims to keep up with the rapidly developing automotive industry. In this context, it was stated that the automotive giant will focus on the rapidly growing electric car market and will gradually stop producing fossil fuel engines, and it has been noted that by 2030, all of the company’s cars will be electric.

The vehicles will only be sold online

Aiming to keep up with the rapidly developing electric vehicle market, the company stated that vehicles planned to be fully electric can only be sold online. Volvo, owned by Zhejiang Geely Holding Group, headquartered in Hangzhou, aims to have all-electric cars and other mild-hybrid models for 50 percent of its global sales by 2025.

Litecoin Has Given a Definitive Date for Payment System LitePay

In the statement made on LitePay’s official twitter account, the exact release date of the application has been determined. According to this news, LitePay will be available from February 26.

The application will be available on desktop and mobile devices. The system will allow you to make payments by converting your mobile device into a card. The application, which will make it possible to buy services and goods with Litecoin, can convert payments into currencies such as dollars euros and transfer them to bank accounts instantly. A commission of 1 percent is charged per transaction.

Isn’t Instant Price Volatility a Problem?

As it is known, the prices of cryptocurrencies are very volatile. Even when you go to a restaurant. There can be gaps between the value when you enter the door and the value you go to pay the bill. In everyone’s mind, how will this change be prevented? comes the question. To overcome this, LitePay quickly converts the Litecoin value to the currencies in use (tl, dollar, euro) as soon as you make a payment and pays the account in that way.

Dubai will work with ObjectTech for the Blockchain-based security system it will use at the Airport

ObjectTech this week, together with the Dubai Ministry of Visa and Immigration, digital passport systems The aim of this initiative is to eliminate the manual control together with biometric control and blockchain technology, and a “pre-approved and fully digitized passport” system.

ObjectTech Management’s co-chairman and CEO, Paul Ferris, wrote in a blog post that the purpose of this project is to analyze the border crossing process of international passengers. He talked about making it strong>faster and more secure. In the blog post, it was also stated that this initiative was made in partnership with the Dubai government, and there is a plan that it will spread to other countries in the next 10 years. Although a target has been set in this way, no timeline has been shared except that the pilot implementation of the project will start in 2020. Let’s wait, let’s see…

Low accumulation rates in

Japan and South Korea are pushing citizens of both countries to invest more in Bitcoin.

By 2017, so far Stocks in Asia averaged 17 percent gains until today. However, when this rate is compared to Bitcoin and altcoins, there is a gap in between. In the same period, it was possible to achieve a gain of 124 percent in the crypto money market. In May alone, Bitcoin saw a 60 percent increase over the month.

One of the reasons for Bitcoin’s rapid rise in 2017 is Japan and South Korea

Earlier this year, the People’s Bank of China After the tight measure taken by Japan and South Korea, more investors turned to cryptocurrency exchanges. According to Reuters, increased Bitcoin investment in Japan and South Korea had an impact on Bitcoin’s rapid appreciation in 2017.

Two Asian countries have shown greater interest in cryptocurrencies in the past two weeks. . One reason may be that Japan has passed a bill that officially recognizes cryptocurrencies.

China, Japan, and South Korea are at the top

According to a ranking by CoinMarketCap; China, Japan and South Korea are the countries where the most exchange transactions are made in the world.

Investments will continue to increase

Especially in Japan and South Korea, Bitcoin and altcoins are rapidly becoming widespread, and it will become even more common in the future. It is expected to require more investment. This can make all coins, especially Bitcoin, gain more value.

There can never be enough competition among cryptocurrency exchanges. Although the number of decentralized exchanges will increase, Zodiac will be a centralized solution targeting the retail market.

ZODIAC EXCHANGE

The Invest.com team’s team at cryptocurrency trading It is quite interesting to see that he suddenly decides to enter his world. Launching the new Zodiac crypto exchange, the team wants to focus first and foremost on the retail market. The platform, although not yet publicly available, seems to hold a lot of promise for cryptocurrency traders.

According to its website, it will be a next-generation crypto exchange for the retail market. The team aims to address the problems existing centralized exchanges face in leveraging the growing market. It is an interesting approach that provides a scalable, compatible and accessible solution to mainstream retail investors.

The new trading platform will enhance the experience of the Invest.com team. However, they acknowledge that this venture will not succeed on its own, so they are partnering with the Bittrex team to build this infrastructure from the ground up. Given Bittrex’s reputation in the crypto world, this partnership makes a lot of sense.

At first, the Zodiac Exchange will focus on online marketing, membership, customer acquisition, customer service, compliance and security. Not all of these criteria will be easy to check, but experienced teams have some interesting options to join forces to research this.

It also appears that Zodiac will be cross-platform. This allows computer and mobile users to access it from day one. As of now, there is no official release date for Zodiac as this project is still in the very early stages of development.

As more people show interest in decentralized exchanges, it will be interesting to see what the future holds for Zodiac and other centralized platforms. Decentralized exchanges are not well-suited for use right now, although this is slowly changing.

The latest hack created by Equifax has caused great concern among many Americans as the attack exposed the private information of more than 143 million people. The ransom is demanded in bitcoin.

The hackers announced the demand on the Darkweb site, stating that they will demand a ransom of approximately 260 million dollars for 600 BTC ransom payment. The hackers said in a statement that the data will be made public if they don’t receive money from Equifax by September 15.

In the ransom demand, the hackers said: We are people. We didn’t expect to collect as much information as we did, and we didn’t want to impress any citizen. But we need to monetize knowledge as soon as possible. ”

The hackers have stated that they will retain their credit card numbers if they have to make the data public, and they intend to sell or use this information for additional profit. It was on the agenda of the whole world with the news that he sold 18 million dollars worth of equifax shares before the news of the hacking spread.

Continuing its operations in Europe, Asia, the Middle East and America without slowing down, Ford has announced its balance sheet for the last quarter of last year. In the statement made by the company, it was announced that an investment of $29 billion will be made in electric and autonomous vehicles in the next 4 years

The coronavirus continues to hit the industries. After tourism, energy and food sectors, the automotive sector also got its share. US automaker Ford announced that its turnover decreased by 9 percent compared to last year and fell to 36 billion dollars. The company’s total loss in this process was $2.8 billion.

Ford allocated $22 billion for the electric vehicle

In the statement made by Ford, it is planned to be implemented for the coming years. projects transferred. Aiming to focus especially on electric and autonomous vehicles, Ford plans to invest a total of 29 billion dollars by 2025. Ford, which is one of the leading players in the European and Middle East market, is expected to focus on electric and autonomous vehicle production after the European Union’s decision to expand electric vehicles. In the continuation of the company’s statement, Ford is expected to allocate $22 billion to electric vehicles and $7 billion to autonomous vehicles.

Automotive manufacturers, which changed especially after Kovid-19, focused on electric and autonomous vehicle production. Hyundai, Toyota, Honda and German automotive manufacturers also turned their plans in this direction in the following years. Ford, which was late compared to its competitors to work on this issue and was at the center of criticism, shared that it would change company policies and invest in electric and autonomous vehicles.

As in every investment tool, there are many investors who prefer short-term investments instead of medium and long-term investments in cryptocurrencies. Although short-term investment carries greater risks compared to medium and long-term, it can also provide greater gains.

As it is known, many traders direct their investments by reading charts or using some technical analysis tools. In this article, we will talk about the RSI tool that many people use especially when trading daily.

What is RSI?

We can translate the Turkish equivalent of this tool, which is Relative Strength Index, as Relative Strength Index.

RSI is an indicator published by J. Welles Wilder in 1978. To put it briefly, the RSI is used to determine which direction the prices might tend to go, by looking at the strength of the increase or decrease. Let’s explain how to use this tool in cryptocurrencies together with pictures.

For example, when we look at the BTC / USD chart on tradingview.com, we open this tool by clicking on the text “Indicators / Relative Strength Index”.

The graphic above opens. Movements going up or down from the area shown in pink here are considered buy and sell places. In the green area, it is understood that the price of the coin is low and will increase according to the current volume, and in the red area, the price of the coin is high and decreases according to the volume.

Looking at large periods when trading based on the RSI indicator (at least 1 hourly) will give more accurate results.

In other words, green parts are buying and red parts are selling. Considering that many investors benefit from these tools while trading during the day, you can earn money with daily buy-sell transactions with this tool.

*It should be noted that these transactions do not always work 100% as described and bring serious risks. This article explains what the RSI tool, which is on almost every stock market, does. What is told is not investment advice.