Category Archives: Market Overview

Market Overview

What is cryptocurrency and should I invest in it?

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Q: What is cryptocurrency and should I invest in it?

A: A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

If you are considering investing in cryptocurrencies, it may be best to treat your “investment” in the same way you would treat any other highly speculative venture. In other words, recognise that you run the risk of losing most of your investment, if not all of it.
 

Source: Investopia

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Did You Know?

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Institutional investors on their way to investing in Bitcoin

CME Group, the world’s leading derivatives marketplace, is planning to offer futures on Bitcoins by the end of 2017. The contracts will most likely be settled in cash, and will make use of a daily price from the CME CF Bitcoin reference rate.

Bitcoin futures would allow professional investors exposure to Bitcoin’s volatility, as well as the opportunity to trade the futures on regulated venues and use them as a hedging tool.