Hello Crypto Traders,
On Sunday evening, Platinum Crypto Elite Traders would have smashed the ball out of the park. As always our Analysts are ready to take advantage of the Crypto Markets on Open. On Sunday we had some amazing news out about Crypto regulation and as a result we sent buy signals to our entire Platinum Crypto Network.
An international group of central bank regulators and government ministers has told the G20 countries that Bitcoin poses no threat to global financial stability, sending Cryptocurrencies to a two-week high.
Mark Carney, who not only is the Governor of the Bank of England but also the chairman of the FSB, sent a letter to the G20 saying that the organization doesn’t see Bitcoin and other cryptocurrencies as a threat to the global economy.
The FSB is an international body that monitors and makes recommendations about the global financial system.
“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time. This is in part because they are small relative to the financial system,” Carney wrote.
“Even at their recent peak, their (cryptocurrencies) combined global market value was less than 1% of global GDP,” he added.
“In comparison, just prior to the global financial crisis (in 2008), the notional value of credit default swaps was 100% of global GDP.”
UNDERSTANDING BLOCKCHAIN
We understand terms like blockchain can be very confusing but let us break it down for you today, so you too can take advantage of Blockchain Technology in 2018.
WHAT IS BLOCKCHAIN AND HOW DO YOU MAKE PROFITS FROM IT
The blockchain is the future; it has the potential to transform everything from how we send money to how communities grow. Here is our simple guide to the blockchain, bitcoin and how it could impact you and your financial future.
If you’re not familiar with the blockchain you no doubt will have heard of Bitcoin. Bitcoin is a peer-to-peer electronic cash system, also known as “cryptocurrency”, which basically allows people to make instant, anonymous transactions online.
However, Bitcoin records every single transaction made on its network in a public record. This is known as the “blockchain”.
With the launch of Bitcoin, one of the most sought-after virtual currencies in the world, blockchain technology has also gained a great deal of popularity.
However, while investors around the globe have been all praise about Bitcoin and are happy to see its value rising further, few are focusing on the technology behind it, understanding what each technology offers will inevitably be the key to profiting.
BLOCKCHAIN – WHAT’S IN THE TECHNOLOGY?
Cryptocurrencies were essentially launched to move against the control as well as centralisation of the fiat currencies. It’s important to understand that fiat money is controlled by the central banks of respective countries.
However, in case of blockchain technology and cryptocurrencies, users maintain a separate ledger and each and every copy of their ledgers are further synchronised with the help of an algorithm.
Hence, blockchain technology is essentially a ledger used for maintaining Bitcoin transactions, which occur inside the Bitcoin network.
It is a distributed ledger or database wherein the device used for storing the transactions as well as ledgers aren’t linked to any common computer processor. It consists of an ever-expanding list of cryptocurrency transactions in the form of blocks.
THE NEED FOR BLOCKCHAIN IS GROWING
Blockchain technology has taken the financial world by storm. In fact, the introduction of Bitcoin, as well as other cryptocurrencies, has threatened the global financial systems.
Bitcoin’s market cap alone may go well beyond some of the biggest organisations in the United States and much of this surge in cryptocurrency’s value has come due to the blockchain.
This is primarily why the technology is being embraced by investors across the world. Blockchain brings along with it a highly secure decentralised system that can be easily accessed by any investor via the P2P network.
The technology also allows investors to avoid the huge costs of the centralised financial world. According to the financial experts at the Platinum Crypto Academy, recording, as well as the verification of multiple transactions such as that of equity, money, commodities, and bonds over a distributed ledger, is definitely a path-breaking and unique concept.
HOW PLATINUM MEMBERS MAKE MONEY FROM THE BLOCKCHAIN
SAFETY IS ALWAYS FIRST AS A PLATINUM CRYPTO ACADEMY MEMBER
You’ll basically need something called a Bitcoin wallet: a free online or Paper wallet which you can use to make worldwide Bitcoin payments on your mobile or desktop.
How do you get a Bitcoin wallet?
You’ll need to visit Blockchain.info to create your wallet, there are various other sites of course but this is a very popular one. If you want some help we are here and will support you to get everything set up, book a free 15 min slot with a trader today
FREE LESSON ON HOW TO PROFIT FROM BLOCKCHAIN TECHNOLOGY IN 5 EASY STEPS
If you’ve booked your session above, we look forward to speaking to you soon!
Hopefully, you have enjoyed today’s article. Thanks for reading!
Have a fantastic day!
Richard Baker
Live from the Platinum Crypto Trading Floor.