Cryptocurrencies are viewed by many of their evangelists as one of the most groundbreaking financial innovations of the modern age. But the way crypto trades looks like something out of an old-bitcoin en euro Wall Street flick. For the most part, trading firms are making multimillion-dollar crypto trades over the phone, not electronically.
The Turkish lira is rallying after its central bank hiked rates to 17. Bitcoin keeps coming back in the headlines. With any Bitcoin price change making news and keeping investors guessing. In countries that accept it, you can buy groceries and clothes just as you would with the local currency. Bitcoin is divorced from governments and central banks. It’s organized through a network known as a blockchain, which is basically an online ledger that keeps a secure record of each transaction and bitcoin price all in one place. Every time anyone buys or sells bitcoin, the swap gets logged.