Forex trading, also known as foreign exchange (FX) trading or currency trading, is a futures and options contract based on the price difference between two currencies. It involves the buying and selling of one currency for another. This can be done with other agreements such as stocks, bonds, commodities, ETFs, etc., but most people trade forex because of its high liquidity and low counterparty risk. How does Forex Trading work? Forex traders use computers called

The Venezuelan government has decided to support the distinguished former employees of the state oil company PDVSA and pay them a bonus in the national cryptocurrency Petro. According to local newspaper Banca y Negocios, since December 23, a group of retirees of the Venezuelan oil company PDVSA for special services to the enterprise began to receive a Christmas bonus of 2 PTR, which is 516.56 Venezuelan bolivars (more than $ 112). Seniors will receive this

Sheila Warren, deputy head of the Center for the Fourth Industrial Revolution of the World Economic Forum (WEF), believes that the US authorities are now devoting a lot of time to the law on the regulation of cryptocurrencies. Sheila Warren, host of the popular Money Reimagined podcast series, said the US will have the biggest impact on the crypto industry in 2022. “If last year I predicted that China will influence the cryptocurrency market more

A post from Tesla CEO Elon Musk on Twitter drew attention to the previously almost unknown Santa Floki token – its rate rose 6,000%. Santa Floki (HOHOHO) is the next dog token on the Binance Smart Chain, but it does have some quirks. According to the project’s White Paper, token holders receive 4% of HOHOHO transaction fees. At the moment, the total amount distributed among token holders is 304,800 BUSD. Elon Musk did not describe

Cybersecurity firm ReasonLabs has reported hidden Monero mining malware in pirated copies of the latest Spider-Man movie. ReasonLabs warned that users who are trying to download illegal copies of the movie “Spider-Man: No Way Home” from torrent sites can download the infected file “spiderman_net_putidomoi.torrent.exe”. Given the name of the file, ReasonLabs believes that its source “is most likely a Russian torrent tracker.” According to cybersecurity experts, after getting on the victim’s device, the malware adds

The US Securities and Exchange Commission has rejected applications from Valkyrie and Kryptoin to launch Bitcoin-linked ETFs. According to the Commission, the changes to the NYSE Arca and Cboe BZX rules for listing and trading the products of these companies do not meet the requirements of section 6 (b) (5) of the US Stock Exchange Act. The regulator noted that stock exchanges are required to prevent fraudulent activities and market manipulation to protect investors and

The National Bureau of Economic Research (NBER) published a report refuting the information that 46% of the volume of transactions in bitcoin are associated with illegal activities. The NBER posted a report stating that the share of illegal transactions in BTC is no more than 3%. On the other hand, researchers argue that the volume of bitcoins used in exchange trading, which is mostly speculative, accounts for about 80% of the total volume of cryptocurrencies.

The Frankfurt Prosecutor General’s Office announced a partnership with Bankhaus Scheich to legalize and resell the confiscated cryptocurrency, in which assets worth € 100 million were sold. Since cryptocurrencies are associated with cybercrime, they are considered “dirty coins” and cannot be traded on exchanges. Therefore, the German prosecutor’s office together with Bankhaus Scheich have developed special mechanisms for its legalization. Senior Attorney Jana Ringwald said: “Cryptocurrencies have become a means of payment for cybercriminals. Therefore,

The analytical company Chainalysis conducted a study, according to the results of which the adoption of cryptocurrencies in Africa and Asia is facilitated by the widespread adoption of P2P platforms. The Chainalysis report says the Global Cryptocurrency Adoption Index for 2021 is up 880% thanks to the use of P2P platforms that drive digital asset adoption in emerging markets. Analysts reported that 6 of the 10 countries with the highest cryptocurrency adoption rates are in

The Blockchain Gaming Alliance (BGA) reported that the market capitalization of the metauniverses in DeFi has reached an all-time high of $ 4.6 billion. The BGA posted a report stating that the blockchain gaming sector continues to grow and dominates the NFT market. Its share in the III quarter of 2021 in the global NFT market was about 22%. According to the report, from July to September alone, NFT gaming revenues were $ 2.32 billion.