When wanting to increase your capital via the financial markets, you can choose to invest or speculate (what is commonly known as “trading”). Both approaches are not necessarily polar opposite, they actually have a few similarities. For instance, both share the same cold and concrete goal of increasing one’s capital and making a profit.
The virtual currency has made several leaps in recent weeks, including one of over 10% that reached the psychological threshold of $12,000 a share.
Facebook's Libra is currently making the economic headlines across the globe. It was therefore a hot topic at the Chantilly (France) G7 meeting of finance ministers and central bankers. While that meeting was ongoing, the U.S. House of Representatives and the U.S. Senate were carefully listening to David Marcus, the manager for Facebook’s digital currency project.
Facebook was pulling no punches and thinking big earlier this week as it gate-crashed the blockchain and cryptocurrency world with its own crypto, Libra. So, what do we know about it?
Although Facebook’s cryptocurrency is shrouded in mystery, some snippets have filtered through about Mark Zuckerberg’s pet project.