Assets

Cash (fiat currency such as dollars, pounds, hryvnias, shillings) will not be killed by Bitcoin (BTC) or any cryptocurrency or become superfluous in the near future, even though the trend is progressively towards more altcoins and other forms of virtual assets.

There seems to be a new view in China about how it should respond to the possible issues posed by Libra, Facebook's cryptocurrency. It has been suggested that the country should turn to working with other blockchain and Bitcoin friendly nations to regulate the industry, instead of quickly establishing its individual option means of payment.

From a more technical point of view, a token can be understood in the same way as an algorithm implemented as a Smart Contract, executed on blockchain. Each Smart Contract contains an address list that allows you to find those who can have the tokens and their balance.

Artificial Intelligence or simply AI has been at the forefront of the latest advancements made by mankind. AI is indeed a revolutionary breakthrough of computer science, set to become a core component of all modern software over the coming decades.

The Japanese Financial Services Agency (FSA) has tightened its policy on trading margin assets which can trade large amounts of money with a small amount of capital, up to twice the ratio over Bitcoin and other cryptocurrency transactions.

In the past few days, Bitcoin formed a weird correlation to normal hide-out assets such as Gold, when its trading price skyrocketed as political turmoil between the United States and the Middle East region started increasing earlier this year, and the price began plunging as tensions slighted relaxed. Due to the fear of losing their holdings, it is expected that most people living in both regions, decided to seek safe haven in cryptocurrencies especially BTC, and because of that its price had to surge.

Because of the threat that cryptocurrencies have brought to the finance industry, some countries, including China, have come out to ban them, due to the reasons well known to their authorities.

The year 2019 has not been a good year for the majority of cryptocurrencies including Bitcoin.

The Russian Supreme Court has made it clear that “digital rights,” which is a term used to mean coins and tokens in the country’s law, can be used to facilitate illegal activities such as bribes, in the same way as fiat currency, property and other valuable assets are.