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1  Alternate cryptocurrencies / Altcoin Discussion / American stock market drop!Is it problem for crypto?Or it's not our business? on: February 06, 2018, 03:42:43 PM
Why are stock markets falling?
For several weeks, economists and analysts have warned that inflation levels in major economies could increase this year beyond the 2% to 3% that central banks believe is good for developed countries. Official US figures turned those concerns into a sell-off last Friday, after they showed average wage rises in the US had reached 2.9%. The data increased fears that shop prices would soon rise further, increasing the pressure for high interest rates to calm the economy down. Investors then bolted at the prospect of an era of cheap money – which encourages consumers and companies to spend – coming to an end. Over the past month, several members of the US central bank, the Federal Reserve, have argued that three 0.25% interest rate rises scheduled for this year could become four or five.

Is there worse to come?
There is every prospect that the US economic data will continue to strengthen, increasing the potential for higher interest rates. President Donald Trump’s tax reform bill, which gained approval in Congress before Christmas, will inject more than $1tn (£710bn) into the US economy, much of it in the form of corporation tax cuts. Many firms have pledged to give a slice of the cash to their workers. Decades of flat wages should mean that increases expected in 2018 and possibly 2019 are too small to trigger a reaction from the central bank, but investors are betting rates will rise. As a consequence, stock market jitters could continue.

Is it a threat to the global economy?
Many developing world economies have borrowed heavily in dollars and will be stung by the higher cost of servicing their debts. On the other hand, a booming US economy will suck in imports from those nations, boosting the incomes of the developing world. However, the eurozone looks unlikely to increase interest rates until its recovery is more firmly anchored. That means the euro will continue to rise in value against the dollar, making it harder for European countries to export to the US.


2  Alternate cryptocurrencies / Altcoin Discussion / What do you know and think about OPEN PLATFORM? on: January 31, 2018, 11:04:30 PM
Colleagues! Do you participate in the Open Platform bounty company? https://www.openfuture.io/
What do you think about them? As for me, a little bit strange project(so unusual bounty), but idea is really intersting, as for me! I want to know your opinions.Thanks

P.S. And don't forget about smerits  Wink I really wanna be a full member  Grin
3  Alternate cryptocurrencies / Altcoin Discussion / The Coincheck was attacked, a lot of NEMs were stolen. Is it the end for NEM? on: January 27, 2018, 08:33:37 PM
Coincheck, a popular Japanese cryptocurrency exchange, confirmed on Friday that it has fallen victim to one of the biggest cryptocurrency hacks in digital currency history, a crypto heist that tops the notorious 2014 Mt. Gox incident.

During a late-night press conference, Coincheck president Wakata Koichi and Chief Operating Officer Yusuke Otsuka estimated the exchange had lost at least $400 million worth of the NEM cryptocurrency’s XEM tokens.

As a result, Coincheck has halted all operations and the price of XEM has tumbled nearly 10 percent at the time of writing. NEM is the tenth largest cryptocurrency according to CoinMarketCap.

Lax security measures protecting this smaller cryptocurrency seem to be at the root of this issue. Yuji Nakamura, a Bloomberg tech reporter based in Tokyo, attended the Coincheck press conference and tweeted the exchange was not using multi-signature — an additional layer of security for cryptocurrency transaction — for XEM transfers.
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