Value

China is losing a good portion of its forex Reserves in, what is considered to be by many people, an attempt to raise the value of the Chinese Yuan. China, which got hit by hard monetary issues through most of 2016, still continues to struggle to completely offset its economic woes.

Incent, the first universal merchant-backed loyalty platform, announced it has raised $1 million USD for its loyalty token. To date, the Initial Coin Offering (ICO) has raised more than 1,024 Bitcoin and more than 832,076 Waves, equaling more than $1 million USD.

Students of business schools predicted two-to-one that a Bitcoin-weighted portfolio is a better long-term investment than Ethereum.

The Chinese Yuan has fallen to its lowest level in six years, forcing investors within the economy to move their money overseas. Bitcoin appears to have been a convenient method of transfer of value as speculators have also taken advantage of the prevailing demand for the cryptocurrency. This, according to experts, has given rise to the current surge in the price of Bitcoin.

In a recent interview, head of research at Banco de Desenvolvimento de Minas Gerais in Paris advised the world to beware of Bitcoin.

Synereo’s effort to show true decentralisation within its system has inspired contrasting views among experts. Some have applauded this move, while others think that there could be more appropriate ways of discarding unwanted tokens.

The dynamics of Litecoin price movement over the past week were mixed, but by looking at the weekly chart you can see the decline of LTC.  The Litecoin price is steadily declining for a second month now.

A spread of over 100 USD between two Fiat currencies allows for great profit on international Bitcoin exchanges. The Bitcoin value difference is getting wider by the week between the Russian Ruble and the Brazilian Real currencies, and this difference is also a symptom of how Bitcoin is spreading across the world.

On June 23rd the British people voted to leave the EU. Before the Brexit we have seen the loss of value of fixed cryptocurrencies including PTS and ETH. The driver of the price reduction was the US Dollar, that pulled everything else behind as well.