Central Bank of Brazil has decided to classify and segregate
cryptocurrency that has been either bought or sold by the guidelines
set up by the International Monetary Fund (IMF). This set of
guidelines which primarily deals with crypto assets is in tune with
the present statistical standards and comes very handy because there
has been a dearth of formal guidance on the statistical treatment of
such assets. These are assets generally held by people as investments
and are expected to rise in their value. The IMF is an international
organization with its headquarters in Washington D.C, USA and has one
hundred and eighty-nine countries working mainly to establish global
monetary cooperation, facilitate international trade, promote
employment, foster an environment of financial stability and
sustainable economic growth while reducing poverty.
back to Brazil, its central bank made an announcement regarding this
classification on Aug 26. In accordance with this new classification
as per the IMF standards, traded cryptocurrencies will be classified
as non-financial products and will be accounted as goods on the
balance sheet of the bank. For instance, for crypto assets are
divided into two types- a) Bitcoin Like Crypto Assets (BLCAs) and b)
crypto assets other than BLCAs (digital tokens). Further
digital tokens can be classified into payment tokens, utility tokens,
asset tokens or hybrid tokens depending on their underlying economic
to the current standards or guideline that is available among the
international accounting community, BLCAs should not be classified as
financial assets. Therefore, these are generally considered as
non-financial products or assets, although proper classification as
to the kind of non-financial assets is still not available. This is
mainly because the accounting treatment of crypto assets is still
under consideration of the International Accounting Standards Board
purchasing and selling of cryptocurrencies involve the execution of
foreign exchange contracts. Therefore, this buying and selling of
crypto assets are taken into consideration in their import-export
statistics by the Central Bank. The balance sheet of a central bank
reflects its financial position and is made up of assets, equities
and liabilities. It is very much similar to the balance sheet of a
regular bank. Brazil is a net importer of crypto assets, and
therefore, this has led to bringing down the trade surplus on its
Cointelegraph Brasil says that the classification of, as a good holds
immense significance. This is because when cryptocurrencies are
identified as property, they fulfill the non-financial criterion to
be used as a payment mechanism. It is the Balance of Payment
Statistics Committee, an advisory committee to the IMF Statistics
Department, whose primary focus is on external sector methodology
(which helps in assessing current accounts and exchange rates), which
has recommended this classification, according to the Central Bank of
may go bullish at the beginning of the next month
ETC coin now is better than ever. The coin is inclined towards
surging trends and may roll over to trade above $8 in the next 2
is a live example of anything can happen within a matter of a few
days in the world of cryptocurrencies. After trading around $6 for
the maximum part of the month, the coin picked up pace suddenly this
week and went all the way up to $7. The current market performance
indicates that this may repeat again very soon, and this time it may
turn into a permanent trend.
to USD Price Comparison:
Ethereum Classic was seen to be trading at $5.923 almost 30 days ago, and from then since now, it has surged up to 16% to start trading at its current value at $6.915 as of August 24, 2019 at 09:44:43 UTC. In the last two days, Ethereum Classic price picked up pace suddenly to move from $5.450 to as high as $7.6 which became its 7-days high value. The coin may further cross it again.
Statistics of Ethereum Classic:
price is trading at $6.915 and 0.00069647 BTC
Market Cap has reached $790,543,890
24-hour volume of the coin is $974,957,533
of the coin has reached 822.99%
Supply is 112,940,084 ETC
Classic Price Prediction & Conclusion:
may rise as high as $8 in the upcoming days. The question, however,
remains the same that whether the crypto will be able to cross its
90-Day high value $9.69 to start trading above $10 and chase bigger
targets. This is a great time to start bulking up investments on the
ETC coin and wait for the right time to get huge returns on the same.
reached as low as $11.59 on last Friday at 00:15 UTC time. Post this
date, the coin seemed to rise upwards and it did manage to reach as
high as $12.26 on 27-July-19. NEO however could not sustain its
performance and post 27-July-19 the price of the coin has been
falling gradually. With two major falls, it fell to an all-time low
of $10.55 on 28-Jul-19 at 22:30 UTC time. While writing this price
analysis, the trend of the coin remained bearish.
Let us look at the performance of NEO over the past 5 days:
Data of NEO:
of the NEO coin is number 17.
value of NEO was $816,388,763 at 06:34 UTC time.
of the coin is $11.63 at 06:30 UTC time.
volume figures are $251,669,856
NEO coins continue to be traded.
of the coin stands at 6,303.31%.
Price Comparison and Future Predictions:
we compare the price of NEO since its highest value which was $12.26
on 27-July-19 at 01:05 UTC time and the current price, the coin is
reflecting a bearish trend by 5%.
anticipate that NEO will continue to fall and may reach somewhere
close to $11.36 by the end of the day tomorrow. It may be traded in
the range of $11.60 and $11.62 in the coming months’ time. By the
end of this year, the coin can reach the level of $13.02 with more
than 11% growth.
to sell NEO coins today as per its present trend. You may wait till
few days as prices may fall marginally post which you can purchase
new coins. It is advisable to sustain the new purchased coins at
least till next year as it can go as high as $15 in the near future.
The Chaikin Money Flow indicator also indicates that the present
movement of the coin is bearish. Looking at the way the coin is
moving, it may take couple of months for NEO to gain back its
With recent DigiByte update on Android
and iOS, followers are expressing their delight on social media
already. We hope to see some good fluctuation and improved
capitalization on the chart too. Followers adore the new updates and
it might have increased the number of supplies and volume too.
Price Analysis of DigiByte on 25th
The value of DGB is seen trading at
$0.01011 at 08:27 UTC time on 25th July 2019, which is a
constant value seen since yesterday. The other essentials factors in
the chart are calculated as:
Market Ranking: @56
supply/Circulating Supply: 12,068,925,353 DGB/
24 Hour Volume:
Market Cap Value:
7 Day high/low:
0.012505 USD / 0.010267 USD
Considering the data statistics from
last 5 days, the lower value was seen trading at 12:25 UTC time on
21st July trading at $0.01094. The value escalated from
then by 15.11% on the same day at 23:50 UTC time with trading value
of $0.0125. The value dropped by -10.76% on 22nd July at
06:05 UTC time trading at $0.0112.
The value in next few hours was
increased by 11.83% at 08:25 UTC time trading at $0.01257. The value
after a sudden drop was seen fluctuating at the value at 15:55 UTC
time on 22nd July. The value from then dropped by -19.81%
on 24th July at 05:50 UTC time, with the trading value of
$0.01010 and till now, fluctuating at the same valuation.
Prediction and Conclusion
With DGB trading in the bearish zone,
this might be a good time for new traders to jump in the marathon by
buying new DGB coins. However, you might want to consider the
resistance support level calculated as:
Pivot Point: 0.010637
By end of 2019 approaching, traders
might see the upside touchdown value of $0.02.
XMR is again deterring in the bearish
trend, and within one day, its value has green greatly reduced and
shift in the prices within a day is also great enough.
The crypto sphere
is highly volatile these days, it is quite expected that altcoin like
XMR will be fluctuating to a great extent, and even that is the
reality as well. In order to hold on to the bullish price trend,
Monero needs to have a good support level that is currently lacking.
Moreover, BTC is adhering to its erratic and turbulent nature so,
every altcoin, including XMR is remaining in the verge to lose a
substantial portion of its value to BTC every then and now.
Monero Price Analysis & Future
From the 1-day XMR price chart, it is
highly evident that its volatility is high. It is unable to hold on
to its uptrend as it lacks support level and the market condition is
also very much unfavorable. Yesterday only, its price was trading at
86.488 USD, but today it deterred to 83.201 USD. So, within one day,
the price shift is high. It is still declining fast, and it is
expected that in the upcoming days, Monero price may run in the
downtrend only. As it is devoid of adequate support level, even it
rises back to the bullish trend, it may fall sharply at the next
moment. Within one day, the XMR price has been declined by 3.28%.
Considering the above price analysis, we assume that in the upcoming
days, XMR may trade around $84 as per calculated pivot level.
Currently, Monero is in a highly
fluctuating state, and its price can farther dip down as the market
condition is still the same. So, for now, one should not consider
investing in XMR coins.
Title: Lithuania has been one of the
lesser-known Fintech success stories in Europe so far
MD: The growth of the Fintech
industry in Europe and many parts of the world has been quite
dramatic. However, Lithuania has also become a hotbed for innovation
and Paysera is proof of that fact.
One of the most dynamic industries to
have emerged over the last five years is the Fintech industries.
While it is true that the usual suspects like United States, United
Kingdom, and China remain at the top of the tree, many other nations
have also joined in the act. A company needs a vision, technical
know-how, and commitment to innovation to create a Fintech company.
Hence, many other countries have had success in this regard as well
and one of those in the country of Lithuania. It is not particularly
known for its technical excellence, but in the Fintech space it has
made some progress and the best example of its success as a Fintech
hub is the company Paysera.
The company has managed to grow by
leaps and bounds in its home country and now it is looking to enter
new markets as it chases substantial growth in the years to come. To
that end, it has decided to launch its services in Romania and the
operations were launched officially on 16 July. It is a significant
development for Paysera and could help the company become a major
player in Romania. There are plenty of Fintech companies which
operate in Romania as well, but according to Paysera, many of the
international companies charge too much by way of commission. With
the usage of Paysera, consumers in Romania would not have to pay
through their nose for a financial transaction and that makes it an
In a statement that was released by
Paysera on its Facebook page, the company stated,
“Nowadays, the international
payments market in Romania has high commissions for transfers in
different currencies. In addition, for a local company that operates
on any foreign market, it’s very hard and expensive to open an
account abroad. This is the main reason why we are launching Paysera
services in Romania.”
It is important
to note that the company has made an effort to make its service as
attractive to Romanian as possible. There is also going to be a
customer service team that will speak in Romanian.