Sentences with phrase «value as a currency»

The speculation creates volatility that, ironically, undermines their value as a currency.

In fact, unlike Bitcoin, you can't actually use Ether to buy anything, making its value as a currency even more speculative than Bitcoin.

Not exact matches

Unregulated digital entities, created by just about anyone out of nothing, that assume some value denominated in fiat currency simple because they're being traded between anonymous people or bots whose only desire is to make prices go up, on unregulated opaque exchanges where everyone thinks price manipulation is good as long as it pushes up the price....

She said investors looking for smaller ups and downs should consider ETFs denominated in U.S. dollars or other so - called «hard currencies» that are seen as better stores of value.

Despite the record - breaking values of Bitcoin and its ilk, most digital currencies have failings that make them problematic as a mainstream medium of exchange.

The volatility of bitcoin has made it more useful as a vehicle for speculation than as a currency, say critics — when the value can change drastically from hour to hour, it introduces undesirable risk for sellers and buyers alike.

Bitcoin's value dropped below $ 8,000 on Friday morning, taking $ 100 billion off the cryptocurrency market as concerns grew over the future of digital currencies this week.

Its token, which the company says will initially be pegged to the value of one U.S. dollar, strives to become a legitimate medium of exchange, a true crypto - currency as opposed to a crypto - commodity, like Bitcoin.

The adoption by banks of XRP is critical to the growth of Ripple — which has described it as a «strategic weapon «-- and to the value of the currency, which currently has a market cap of about $ 42 billion, and has swung wildly since it shot up to nearly $ 4 in early January (it is now worth around $ 1.07).

Some investors, such as Murray Stahl of Horizon Kinetics, hypothesize that Bitcoin is worth the value of all the currency in the world — about $ 361,000 per Bitcoin, by Barron's estimates.

The Chinese economy had been slowing for months, but the country's currency continued to appreciate as the PBoC sold billions of dollars to buoy the yuan's value — a gesture few seemed to appreciate.

Grams, which have a finite supply, will theoretically rise in value as more people use them on the network and as demand for the currency increases.

That influx of foreign capital pushed the domestic currency's value upward, just as in Japan.

Meanwhile, others see digital currencies as an asset like gold, which can hold its value amid times of government instability.

As a result, the value of the Russian currency, the ruble, has deteriorated by 30 % against the dollar so far this year, routinely hitting new record lows along the way.

Although Bernanke denies it, the Fed's money - printing naturally depressed the value of the greenback against other important currencies, such as the euro and yen.

Bitcoin's price is not a reflection of its growing usage as currency; it reflects merely demand for the mirage of its speculative value.

Meanwhile its currency, the ringgit, has hit levels seen since the 1998 Asian Financial Crisis and lost as much as 28 percent of its value against the U.S. dollar from the beginning of the year through the end of September.

The price of bitcoin, the world's most well - known virtual currency, lost almost one fifth of its value to $ 15,800 this week after peaking as high as $ 19,666 on Sunday, as feverish demand ebbed slightly after the exchange giant CME Group and its rival Cboe Global Markets listed bitcoin futures.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

Looking longer term, the value of a currency is often viewed as a gauge of economic health, which would indicate that Canada remains a strong and growing economy.

Like other Wall Street banks, JPMorgan acts as an agent for buyers and sellers of Bitcoin XBT, an exchange - traded note designed to track the value of the crypto currency.

IT»S easy to get excited about what's happening in the fast - moving world of currency values but it's wrong to describe what's happening as a «war», because it's not; what's going on is simply economics at work, and it's telling a story of changes in the wealth of nations.

Thanks to their country's managed currency rates, Venezuelans are now pulling off epic scams as the value of the dollar spikes against the bolivar on the black market, Reuters» Girish Gupta and Andrew Cawthorne report.

These new services rely on the same innovative proof - of - work model of distributed security and record - keeping that has kept the bitcoin currency secure as its value ballooned well past $ 10 billion.

For him, excitement over value fluctuations in the bitcoin currency is missing the point: «It's not a threat as people sit there and ponder whether bitcoin is a bubble or not.

As Credit Suisse stated in a 2013 report titled «In Search of FX Fair Value,»»... the «holy grail» of FX monitoring, obtaining robust and precise currency fair value estimates, remains elusive.&rValue,»»... the «holy grail» of FX monitoring, obtaining robust and precise currency fair value estimates, remains elusive.&rvalue estimates, remains elusive.»

As we've seen in Zimbabwe, Venezuela and elsewhere, a nation's currency can rapidly lose its value and become worthless.

In order for bitcoin to be a real currency, Adeney claims, it must be three things: easy and frictionless for trading between people, widely accepted as a legal tender for all debts (both public and private) and stable in terms of value.

«Of course Japan is in the region so there are questions as to is that the one (currency) you want to buy... I still think it probably is in the sense that it has all the characteristics from a safe - haven currency,» Graf said, mentioning a fair value in the currency.

Yandex's Russian operating subsidiaries» functional currency is the Russian ruble, and therefore changes due to exchange rate fluctuations in the ruble value of these subsidiaries» monetary assets and liabilities that are denominated in other currencies are recognized as foreign exchange gains or losses within the Other loss, net line in the condensed consolidated statements of income.

«It means all the hype caused by speculation is boosting a really interesting virtual currency economy, and the world is starting to treat it like other currencies, as value, which is regulated.»

As the value of crypto currency skyrockets, more investors — and even the Bank of Canada — are taking notice.

When it decides to peg the value of the currency, it has no choice but to accumulate or lose reserves, as the impossible trinity ensures that money supply rises or falls to match supply and demand in the market in which RMB and USD are exchanged.

whose net personal assets exceed in value the minimum amount of S$ 2 million (or its equivalent in a foreign currency) or such other amount as the Exchange and the Book Depository may prescribe in place of the first amount; or

In this period, the dollar's trade - weighted exchange value declined 5.8 percent, as measured by the Federal Reserve's major currencies index.

As the value of the digital currency has climbed, so has the amount of energy needed to keep this online economy running, which now exceeds the energy use of 159 individual countries, according to one controversial estimate.

Gold has always been the primary standard by which we measure value, thanks to its continued demand as a currency, store of value and speculative asset.

The NAV (net asset value) of a bond fund will move up or down based on a number of factors such as changes in interest rates, credit quality, and currency values (for international bonds) for the different bond holdings in the fund.

The price of bitcoin surged through $ 10,000 on Wednesday, adding to its ten-fold jump in value this year and fueling a debate as to whether the virtual currency is gaining mainstream acceptance or is merely a bubble waiting to burst.

In February 2018, Bank of England governor Mark Carney said that cryptocurrencies have «failed» to behave as currencies because they are not an effective «store of value» and because «nobody uses [them] as a medium of exchange.»

That was on full display the weekend of March 17, as Bitcoin shed about a fifth of its value (dropping below $ 950 at one point, before bouncing back to about $ 1,050 on Monday) as an increasingly bitter split in the developer community behind Bitcoin threatened to split it into two competing currencies.

«State monopoly currencies, such as the U.S. dollar, the euro, and the Swiss franc, have no intrinsic value either.

In this period, the dollar's trade - weighted exchange value rose by 2.9 percent, as measured by the Federal Reserve's major currencies index.

«Most people are buying Bitcoin, not because of a belief in its future as a global currency, but because they expect it to rise in value,» a note from economists at Capital Economics said on Wednesday.

Critics also say that Bitcoin doesn't solve any problems ordinary users actually have, and that disadvantages such as the currency's fluctuating value and its propensity toward scams will make it unappealing to the vast majority of ordinary customers.

As Coindesk reports, Jackson Palmer, Dogecoin's creator, suggests that the currency's increasing value represents a worrisome trend, partly because the currency — with which he is no longer involved — «hasn't released a software update in over 2 years.»

The bill defines virtual currency as «a digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value but does not have legal tender status as recognized by the United States government.»

«When tied to virtual currencies, this technology aims to serve as a new store of value, facilitate secure payments, enable asset transfers, and power new applications.»

Therefore, taxpayers will be required to determine the fair market value of virtual currency in U.S. dollars as of the date of payment or receipt.