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Before discussing the main issue, let’s discuss about the crypto financial derivatives and their role in digital payments. Crypto financial derivatives also known as bitcoin derivatives, are in fact security arrangements with a price that is dependent upon or derived from an underlying contract whereby differences in settlement are made in the form of digital cryptocurrencies.

Due to the insecurity involved in this whole process, the European Securities and Markets Authority (ESMA) has toughened its requirements for CFDs in terms of cryptocurrencies. If you are investing in cryptocurrency, this update may affect your future investment plans.

bitcoin investment

Role of ESMA in Financial Decision

In fact ESMA is an independent authority which makes sure to improve investor protection and promote more stable financial markets. ESMA’s board of supervisors is solely responsible for all the policy decisions. The decisions and policies of ESMA have a direct impact upon the following areas and stakeholders:

  • Financial service providers
  • The financial services industry
  • Retail and institutional investors and consumers
  • Users of financial markets
  • The economy of general public
  • Regulators of securities markets

What are CFDs?

To be precise and to the point, CFDs are in fact arrangements made in the form of a futures contract, according to which differences arising in the settlement are compensated in the form of cash payments, rather than physical goods.

CFDs are usually assumed to be an easier way of settlement as compared to other contemporary methods. It is also preferred by majority of users because as all gains and losses are paid in cash form. The most interesting case in terms of CFDs is that without actually owning one, it gives its investors all the risks and benefits of a security.

Expected change in leverage limit

It is being expected that the leverage limit of CFDs will be changed to 2:1 at its opening by the EU regulator. According to this leverage limit, the investor must have enough funds to cover at least half of the contract value upon its opening. Previously, the leverage limit was 5:1, it allowed the investor deposit only 20 percent of the CFD’s at the time of deal.

The reason behind this sanction is only that ESMA recently highlighted in one of its statements that cryptocurrencies required a deeper monitoring due to the risks it posed in case of undergoing investment deals. ESMA is not alone to show concern in case of cryptocurrencies, even the the Austrian Finance Minister proposed to strictly regulate the cryptocurrency derivatives in order to prevent money laundering with it.

Due to its lack of protection EU regulators have also warned investors about the ultimate risks associated with cryptocurrencies.

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current value of bitcoin

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The rise of Bitcoin continues as It rose to an all-time high on Monday. The current value of bitcoin is around $8,000. It comes after CME’s declaration that it will soon launch Bitcoin trading, and Square uncovering it will pilot Bitcoin deals by means of its Square Cash application. It’s for these reasons that one research firm trusts that Bitcoin’s prosperity has just barely begun.

Ronnie Moas, the author of Standpoint Research, wrote in an answer to customers: ‘There have been numerous positive improvements amid the last five months and a couple of obstacles that were in Bitcoin’s direction have been thumbed down.

An argument can be made that the uplifting news is still not completely reflected in the current value.’ They trust the cost for Bitcoin is set to surge to $14,000. Bitcoin was launched in 2009 by a puzzling software engineer referred to as Satoshi Nakamoto, which is believed to be a pseudonym, who has never given an interview. Bitcoin caught the mainstream financial attention after its value expanded by up to 1,000 percent since the beginning of this year.

At the start of the year, Bitcoin was just trading around $800 per BTC, but the current value of bitcoin has gone past $8000, which is clearly the indication that there’s no stopping this currency.

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Bitcoin Price Crash: OKEx Repudiates Market’s Manipulation

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OKEx is known as a cryptocurrency exchange giant. This crypto-exchange is pushing back against accusations that the exchange is responsible for the manipulation of the market which triggered the price of Bitcoin to drop below $5,000 on its futures exchange last week.

Bitcoin price cash

Market Manipulation

A statement was released on Wednesday, in which the Hong Kong-based exchange repudiated allegations about its involvement in the futures market’s manipulation to settle the positions of optimistic traders.

Last week, OKEx got criticized following the Bitcoin price crash as the value of its Bitcoin futures dropped to $4,755, in a fevered sell-off, even with the average price of Bitcoin globally, which flitted around $7,000 during the same time.

The Statement

The statement says:

“OKEx provides a platform to allow customers to trade in our order books, but we are not directly involved in the trades. Moreover, all the transaction details are public. We, as a trading platform, do not make a profit from the price volatility but generate income from trading fees. We have not reasoned to, and have never and will not, manipulate the prices of any of our market.”

Merchants whose positions got settled during the sell-off time were incensed, and one of them was so distressed that he went to the headquarters of the company and even threatened that he would take his own life.

Eventually, during the 90-minute incident, the exchange inverted trades that occurred, mentioning this unconventional movement as a planned attempt to deploy the market, and since then, it has added the price limit rules to help in preventing the manipulation in the future market.

 

Moreover, OKEx warned that it will take legal action against those, who falsely accuse them for the manipulation of the market and disseminate false charts to that effect.

What does the company have to say about it?

The company says:

“We reserve the right to take necessary legal action against any parties who libel our company and reputation by any means.”

However, the event following negative press coverage doesn’t seem to have a constant influence on the popularity of the trading platform of the company, as  OKEx is still on the fourth most popular spot cryptocurrency exchange in the ranking, with almost $750 million, 24-hour trading volume.

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BEST VPN FOR DARK WEB

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The Dark Web

The dark web is basically a concealed portion of the world wide web that can be accessed only using TOR or any other anonymous network such as Project Freenet. People use these mediums in order to access services, products, and content that cannot be accessible on the normal web. You can find videos, music, pictures, books and various other illegal items here. A very well-known dark web marketplace that goes by the name of Silk Road, has everything you can think of.

Related: Read more about TOR

Now, when you use TOR it is recommended that you use a VPN and route your traffic through it.  What happens is that your ISP is unable to find out if you are accessing the Dark web and even if your IP address happens to leak due to some security flaw, it is not your actual IP address but of the VPN server you are routing your connection through.

All in all, a VPN is that extra layer of security you need to avoid any feds banging on your door at 4 AM.

However, not all VPN service providers are genuine and could land you in trouble. Here are the safest options you could go for:

NordVPN:

 

 

With NordVPN, you can be assured that your anonymity remains no matter what. It does not keep any logs so there are no chances of any data leakage or exposure online. Along with this, it has a peer-to-peer friendly VPN service and you can use up to 6 devices simultaneously. Bitcoin is accepted here and NordVPN operates from the Panama.

Besides a few glitches in the performance and variations in the speed at peak hours, there aren’t many drawbacks of this.

 

Perfect Privacy:

The headquarters of Perfect Privacy’s servers are located in New Zealand. They ensure that no logs are stored to avoid any risks in the future. Forget data breaches as Perfect Privacy is ready to put its company at stake for your privacy. Also, it doesn’t require any third-party tools, which decreases any chances of issues. It even provides you server-based-Ad and malware filters to ensure you maintain a secure browsing experience.

However, one setback is that it takes quite some time to set it up initially.

 

Torguard:

Similar to a fellow VPN service provider, Torguard also operates from the United States. But they’re known to have privacy as their main aim which means they would even consider relocating if it were ever necessary. Torguard as well does not keep any logs which is essential for safe browsing of the dark web.

Also, Torguard has an impressive amount of servers located worldwide making it a tough competitor.

 

ExpressVPN:

ExpressVPN allows you to conduct any peer-to-peer activities while ensuring that no logs are kept. It’s also known for its fast downloading speed, which makes it so much easier to browse the dark web.

The only drawback is that you can use only two devices at a time and you have to separately log in to each device.

 

IPVanish:

Don’t be alarmed that IPVanish is located in the United States as this does not make it unsafe as a VPN option. Similarly, it accepts Bitcoin as well. No logs are stored and the OpenVPNsecurity protocol along with the 256-bit AES encryption allows you to browse the web without any issues.

A drawback is that only two devices can be used simultaneously.

 

The Choice is Yours:

We’ve outlined the top 5 VPN service providers that include all the specifications for safe and secure web browsing. It is your choice to experiment with whatever that seems suitable for you as the five companies mentioned above have you covered!

Let us know in the comments section below if you try any of these out. Also, check out this list of Darknet marketplaces you can visit with the help of the above-mentioned VPN service providers.

 

Story Credits: vpncomparison.org

Image Credits: vpnguru.com

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‘Not A Fan’ – Warren Buffet Weighs In On Bitcoin

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Renowned investor and one of the richest persons on planet Warren Buffett continues his bearish point of view toward bitcoin and other cryptos.

In an interview on CNBC, Buffett was asked about JPMorgan Chase CEO Jamie Dimon’s retreating take on bitcoin, after the latter expressed his regret about calling bitcoin ‘fraud’ a year ago.

Questioned if he too would reconsider his current comments on bitcoin – Buffett called bitcoin an “air bubble” following Dimon’s remarks a year ago – Buffet stated:

“As far as digital forms of money, for the most part, I can almost say with assurance that they will come to a bad ending.”

While predicting the downfall of digital currencies, Buffett went on to assert he’d bet on “each one of the cryptocurrencies” falling over the next five years.”

Furthermore, Buffett stated he wouldn’t take a negative position by exchanging bitcoin future contracts, expressing there’s “no reason” to do as such. “Why on earth should I take a long or short position of something I don’t know anything about?” He jested, confessing to knowing almost nothing about cryptographic forms of money.

“I have 11 schools this coming Friday [and] the inquiries will be on bitcoin, and I won’t know the appropriate answers,” Buffett included, preparing everyone else for more soundbites on digital forms of money this week.

Buffett’s interpretation of digital currencies, particularly bitcoin, is like another long-term bitcoin bear in JPMorgan’s Jamie Dimon. In September 2017, Dimon notoriously said bitcoin was a “cheat”. “It’s worse than tulip bulbs,” Dimon proceeded in the same breath, adding “somebody will get killed.” The Wall Street investor additionally undermined to fire workers involved in crypto money trading, calling them “inept” if they were to do so.

Dimon keeps on being a non-believer, he revealed in comments this week, but went on to state about that ‘fraud’ proclamation: “I regret making them.”

News credit: ccn.com

Image: Google

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Bitcoin Lending – What Are The Best Peer to Peer Bitcoin Lending Sites?

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Best Peer to peer lending  and Bitcoin p2p lending platform is having a wonderful year. You may have an idea that lending club is breaking $1.9billion in a quarter. During the same time period, in new loans, Prosper issues $912.4 million. Which shows the 147% increase per year.

According to the P2P finance association, UK is with the $792 million. So, you need to take part and make a profit from the p2p lending boom.

First, you need to select a well-reputed site for Bitcoin lending. And, say happily goodbye to banks or governmental terms. Here, in this article, you’ll read about few lending sites. Wishing you’ll get some idea about lending.

Bitbond:

Bitbond offers the highest interest rates to its users while using Bitcoin payments at zero fees around the world. This table will show you the comparison fee structure of different platforms.

Besides these token fee, Bitcoin peer to peer lending offers video tool to provide the transparent system. Whereas, average interest rate of Bitbond is 25% and you have the option to invest up to $2.50.  Stu Lustman’s quarterly returns report is given below if you want to see the comparison between fiat and Bitcoin ROIs for lenders.

Lending Club:

Lending Club is the most favorite among peer to peer lending platforms. In additions, impressive ROIs is coming in at 11.30%, 13.3%, and 10%.

An average investor wants to enjoy 6-8% ROI. The lending club also offers you the investment of $25 and have the good scoring system.

Prosper:

Prosper faces return issues at the start but with peer to peer lending platform it enjoys the progress in the recent year. Prosper paid more than $140 million to its investor with average ROI between 5-9%.

Prosper assessment of borrowers increases its reputation among the people. In addition, a credit score of prosper for borrowers is remarkable 700.

Upstart:

Upstart’s characteristics are different from the lending club and prosper. That is when a loan defaults it is the investors who take the hit not the platform. Here are few shop related products of the Upstart.

In the case of loan declares as default during the loan term, Upstart will collect the earned revenue and refund the money to the investors. In addition, the Organizational fee ranges between 1% and 6% with the ROI 4-8%.

Peer Form:

Oldest site in peer to peer lending sites list is peer form. Distinct features of the platform include their standing on certified depositor. Peer form offers three-year loan terms with 7-28% interest rate. Whereas, the borrower needs minimum 600 FICO score to apply.

Bondora:

In Europe, Bondora is the most exciting peer to peer site among the people. Yield return of 9000+ makes it the center of the interest. Furthermore, Claus Lehmann with 26% ROI on Bondora is the most prominent, who has documented his returns from European lending platform. This lending site serves borrowers of the three countries with €45 million in the loan.

Zopa:

Zopa is the first and foremost peer to peer lending platform in The United Kingdom. The organization issued $408 million loans in 2014. In addition, with current returns of 0.7%-0.8% Zopa still away from ROI 9%.

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