THE RESILIENCE OF EURO

[allen9791]

The Euro was unexpectedly resilient against most of the other major currencies last week, despite the service sector is almost coming to a halt due to the current pandemic outbreak. In contrary to widespread expectations, the Euro gained ground against the US Dollar, the Japanese Yen and the Swiss Franc last week, while holding its ground against the British Pound. As market continues to be flooded with concerns about the economic impact of the coronavirus pandemic, the overall picture remains uncertain, but the EURO stands out brightly.

This week – like the past week – will almost certainly be dominated by the continuing responses of central banks and governments to the spread of Covid-19. The European Central Bank, like several others, has responded strongly to the glooming recession – essentially clearing the way for potentially unlimited money-printing.

 

[allen9791]

WHY TRADE FOREX INSTEAD OF STOCKS?

In terms of daily transaction volume, the forex market is the world’s largest market and it’s almost the most liquid. Not to be mentioned, this market is highly accessible given that it’s open 24 hours a day, and investors interested in trading forex can make use of far more leverage than they could by trading stocks.
There are several reasons why investors should choose foreign exchange (forex) trading over trading stocks.

The World's Largest Market

According to the Bank for International Settlements (BIS), In 2019, the global foreign exchange (forex) market saw an average daily turnover of approximately 5.1 trillion U.S. dollars. This means that on an average day in 2019, the sum of all transactions in the forex market amounted to almost 6.6 trillion U.S. dollars.

In comparison, The New York Stock Exchange's daily trading volume averaged US$38.5 billion during the first five sessions of May 2017. While The Nasdaq's daily trading volume averaged close to US$85 billion during the first four sessions of that same month.

Having a larger market means that it makes it more difficult for individual traders and institutions to engage in price manipulation, which can cause securities to experience sharp price fluctuations in short time periods.

Robust Liquidity

The forex market's significant size offers traders significant liquidity, which is the ease with which traders can exchange one asset for another. Besides giving traders greater maneuverability, high liquidity can help provide them with lower transaction costs as well as protect traders from price manipulation.

When a market enjoys substantial liquidity, it can more easily handle large increases in trading volume without experiencing significant changes in price, making the market less vulnerable to sharp changes in trading volume aimed at causing price volatility.

24-Hour an Online Availability

One major benefit of trading forex is that the currency markets are open 24 hours a day. Fortunately, there are intermediaries including banks, broker-dealers and other financial institutions located in many different cities to help service the demand. For individual traders, 24-hour access simply means greater options. Furthermore, all forex trading activities can be done online. Traders or IBs (Introducing broker) don’t need to be in person at the physical forex exchange for placing their orders. As the coronavirus fear spreading out the world, 'online' needless to say is the greatest choice.

Substantial Leverage

Traders might trade forex instead of stocks because they can obtain far greater leverage. By borrowing money to make trades, investors can potentially enjoy stronger returns.

For example, if a trader has access to 400:1 margin, they can make a £4,000,000 trade with just £10,000 in the margin. As a result, they would only need to put 0.25% of the trade down as margin. While taking this approach can provide traders with stronger returns, they must keep in mind that leverage is a double-edged sword and can also greatly amplify losses.

As a result, traders will benefit from consulting a financial adviser or other qualified financial professionals before using leverage.

Summary

As outlined, there are several reasons why investors should opt for forex trading over stock trading. By trading forex, investors can access a market that is far larger in scope than that of the stock market. Because of its size, the stock market offers greater liquidity, which means that investors may be able to enjoy lower transaction costs and more easily enter and exit trades.

The forex market also offers traders greater flexibility than the stock market. Given that it's open 24 hours a day, investors can more easily combine forex trading with other responsibilities. Finally, the forex market offers greater leverage than the stock market, a factor that can potentially amplify gains as well as losses.

THAT’S WHY FOREX, AS WELL AS IB, IS RITVA’S CHOICE FOR THE STRATEGY OF THIS PERIOD OF TIME

 

[allen9791]

CRYPTOCURRENCIES ARE TURNING MAINSTREAM

Payment businesses have gone through a revolution in the last few years. From blockchain, and FinTech to AI and cryptocurrencies, the world of international commerce is moving faster than ever.

The payment industry of the future is shaped by a mobile device or a computer. It happens at home and on the go. The shop is open 24 hours a day, and customers are demanding more from their platforms than ever before.

In 2019, E-commerce was responsible for around $3.53 trillion in sales, increasing from $2.92 trillion in 2018. By 2022, the global e-commerce is expected to rise to $5.69 trillion. This represents expected growth of 61% over the next three years. The digital marketplace is growing, and the future belongs to the businesses that can stay ahead of the curve.

 

[allen9791]

CRYPTO VS. FIAT CURRENCIES (PART 1)

Ritva is an international investment project and is constantly working towards bringing investors an extraordinary experience including convenience and safety.

Accordingly, cryptocurrency comes to Ritva as the best mean of payment method. Why? Because cryptocurrencies are numerous and versatile and can be utilized as entirely private bank accounts and payment cards for almost any occasion. They offer a multitude of ways to earn a form of interest with little or no effort and help users protect sensitive data and holdings on the go 24/7.

Borderless Usage

Cryptocurrencies are a borderless means of exchange allowing for instant and cost-effective transactions across the world. There is no waiting, no international fees and no limitations as to who can or cannot send funds to whom or when and where those funds can be accessed. All that is needed is an internet-enabled device like a cell phone and, immediately, someone without access to a banking institution is given an alternative solution with which they can pay bills, earn income, safe-keep their funds, make purchases and conduct business.

Using cryptocurrencies while traveling adds an extra layer of security and can be used as a remote source of emergency funds that can be accessed without an ID, a bank account, credit cards, a wire transfer or even a personal computer device.

 

[allen9791]

CRYPTO VS. FIAT CURRENCIES (PART 2)

Privacy

Banks and credit institutions, as well as retailers and service providers, obtain and retain too much of their customers’ personal and financial information. On the contrary, cryptocurrency transactions provide an alternative by limiting the amount of transaction data to mere numbers also known as cryptocurrency wallet addresses and transaction IDs confirming that a wallet-to-wallet transaction took place.

A cryptocurrency payment processor acting as a third party will typically require your name (and shipping address for the delivery of physical goods), but the rest of your information will remain private as long as you don’t connect your bank or credit card account and transact solely in BTC and altcoins.

Transaction Fees

You’ve no doubt read your monthly account statements from the bank or credit card company, and balked at the level of fees imposed for writing checks, transferring funds, or breathing in the general direction of the finance houses involved. Transaction fees can take a significant bite out of your assets – especially if you’re performing a lot of transactions in a month.

Since the data miners (remote and separate computer systems) that do the number crunching which generates Bitcoin and other cryptocurrencies receive their compensation from the cryptocurrency network involved, transaction fees usually don’t apply.

There may be some external fees involved if you engage the services of a third-party management service to maintain your cryptocurrency wallet, but another one of the advantages of cryptocurrency is that they are still likely to be much less than the transaction charges incurred by traditional financial systems.

 

[allen9791]

CRYPTO VS. FIAT CURRENCIES (PART 3)

Custody of the assets

In a traditional banking or credit card system, you effectively turn stewardship of your funds over to a third party that can exercise the power of life or death over your assets. Accounts may be closed without notice for infringements of a financial institution’s Terms of Service – requiring you as the account holder to jump through hoops in order to get yourself back into the system.

Perhaps the greatest of all advantages of cryptocurrency is that unless you’ve delegated management of your wallet over to a third party service, you are the sole owner of the corresponding private and public encryption keys that make up your cryptocurrency network identity or address.

Security

Once a cryptocurrency transfer has been authorized, it can’t be reversed as in the case of the “charge-back” transactions allowed by credit card companies. This is a hedge against fraud which requires a specific agreement to be made between a buyer and seller regarding refunds in the event of a mistake or returns policy.

The strong encryption techniques employed throughout the distributed ledger (blockchain) and cryptocurrency transaction processes are a safeguard against fraud and account tampering, and guarantees of consumer privacy.

To sum up, cryptocurrency payments have the potential of creating a more borderless and globalized economy, as well as fighting financial inequality by bringing fast and secured financial services to people without access to a bank. This is a big win for everyone. And this is also why Ritva chooses cryptocurrency over cash for payment.

 

[allen9791]

CRYPTO VS. FIAT CURRENCIES (PART 3)

Custody of the assets

In a traditional banking or credit card system, you effectively turn stewardship of your funds over to a third party that can exercise the power of life or death over your assets. Accounts may be closed without notice for infringements of a financial institution’s Terms of Service – requiring you as the account holder to jump through hoops in order to get yourself back into the system.

Perhaps the greatest of all advantages of cryptocurrency is that unless you’ve delegated management of your wallet over to a third party service, you are the sole owner of the corresponding private and public encryption keys that make up your cryptocurrency network identity or address.

Security

Once a cryptocurrency transfer has been authorized, it can’t be reversed as in the case of the “charge-back” transactions allowed by credit card companies. This is a hedge against fraud which requires a specific agreement to be made between a buyer and seller regarding refunds in the event of a mistake or returns policy.

The strong encryption techniques employed throughout the distributed ledger (blockchain) and cryptocurrency transaction processes are a safeguard against fraud and account tampering, and guarantees of consumer privacy.

To sum up, cryptocurrency payments have the potential of creating a more borderless and globalized economy, as well as fighting financial inequality by bringing fast and secured financial services to people without access to a bank. This is a big win for everyone. And this is also why Ritva chooses cryptocurrency over cash for payment.

 

[allen9791]

THE RISE OF EDTECH (PART 1)

With the increasing number of universities and schools shutting down their campuses and moving their learning online to prevent the spread of CoronaVirus, it is time for the EdTech to prove its worth. Before the spread of COVID-19, only a few countries focused on promoting online learning platforms, however, gradually, everyone started to realize the importance of such platforms amid the CoronaVirus outbreak. Now, the question is, is this feasible?

What do experts say?

According to Robert Hsiung, CEO of the Chinese division of the EdTech company Emeritus, “The conversation about educational technologies as an option in the face of a health crisis like this, no longer revolves around whether they work or not, but how quickly and efficiently the technologies can be implemented”. Hsiung added that “there is currently a massive demand for high-quality online experiences; all businesses at all levels are working to create new solutions for online lessons. This is opening the way for the creation of new companies with the potential to become leaders in online education, especially when extraordinary circumstances, such as a health crisis, demand it”.

For Goldie Blumenstyk, senior writer for The Chronicle of Higher Education, “Once universities develop the ability to meet the needs of their students via remote technology, there is not much reason to return to previous models”. In the same vein, John Katzman commented that “such events are the ones that make the line between face-to-face and virtual educational experiences increasingly tenuous”. But outside of theory, who is developing these educational projects?

 

[Pandelas]

Very very good explanation of the aspects. You gave me a better understanding also.

 

[allen9791]

ACADEMIA - WHERE SCHOLARS MEET

In the world of digitalization, many academics and researchers are becoming increasingly interested in their digital identity. Being proactive about where and how they appear on the internet, it may bring them opportunities for collaboration and valuation contribution to their teaching as well as research work. And one of the biggest academic networking site which allows them to build their profile, to form collaborative partnerships with other researchers, and to ask and answer questions is Academia.edu.

About Academia

Guided by a mission to accelerate the world’s research, Academia.edu aims to make every academic paper ever published available for free online and accessible by anyone in the world. Academia.edu was founded in 2008 in San Francisco by Richard Price who recognized the need for open access of scholarly work while he was a doctoral candidate in philosophy at Oxford University.

An enormous and prestigious community

In 2019, Academia announced that 75 million users had joined the world’s largest platform for free and open access to scholarly research. Over 70,000 new users join the platform everyday. Especially, Academia has been used by academics at 16,271 universities such as the University of Oxford, University of California- Berkeley, New York University, Massachusetts Institute of Technology. Undoubtedly, Academia has been doing great in the process of creating a sphere where scholars meet.

Even though this is a huge community with thousands of researches available, it does not mean that any research can be published on the site. In an attempt to build a healthy networking site, Academia has created a list of strict policies for publishing their member’s studies. Fortunately, one of Ritva key researches has been available now on the site.

 

[allen9791]

THE RISE OF EDTECH (PART 2)

The EdTech arena

The distance education technology sector has had explosive growth in recent months. In just 3 months, there are 3,000 jobs created in this sector. The investment in the Edtech sector amounts to 18.66 billion dollars globally, counting investors such as Facebook, Matrix Partners, and GGV Capital.

Coursera - one of the most established educational technology suppliers, for example, was already valued at a trillion dollars even before the first coronavirus outbreak. As part of the effort to operate the resource of online education as a global response to the health crisis, it has begun to offer a wide variety of free courses to universities that close as a preventative measure to contain the virus. The universities that register for this online service will have access to the teaching materials offered by Coursera until July 31 of this year, with the option of extensions according to the relevant risk assessments. The students that are enrolled in individual courses up to July 31 will have access to the content free of charge until September of this year.

Today, technical resources are available to maintain not just one or two online classes but to provide the structure for distance education to entire universities. When the health crisis gives way, these structures will remain and mark the step to a breakthrough in the way we deliver learning.

 

[allen9791]

Very very good explanation of the aspects. You gave me a better understanding also.

thank you Please stay tuned

 

[allen9791]

RESEARCHGATE - CONNECT THE WORLD OF SCIENCE

Contemporary scholarly scientific research and publishing are characterized by a great number of journals, the swift tempo of publication, and the competitiveness of the funding process. These factors, in conjunction with the extensive adoption of communication via social media platforms in academia, have given rise to a demand for new venues for scholars and scientists to collaborate on, publicize, and share. In response to this demand, Researchgate had been founded.

About Researchgate

ResearchGate, founded in 2008 by physicians Dr. Ijad Madisch and Dr. Sören Hofmayer, and computer scientist Horst Fickenscher, is the professional network for scientists and researchers. Over 17 million members from all over the world use it to share, discover, and discuss research. According to a 2014 study by Nature and a 2016 article in Times Higher Education, it is the largest academic social network in terms of active users. ResearchGate is guided by a mission to connect the world of science and make research open to all.

Reception

A 2009 article in BusinessWeek reported that ResearchGate was a "potentially powerful link" in promoting innovation in developing countries by connecting scientists from those nations with their peers in industrialized nations.

Academic reception of ResearchGate remains generally positive, as recent reviews of extant literature show an accepting audience with broad coverage of concepts.

Strictly site member policy

While reading articles does not require registration, people who wish to become site members (and thereby can upload their paper for review) need to have an email address at a recognized institution or to be manually confirmed as a published researcher in order to sign up for an account. The strict policy helps Researchgate stand-out as a trusted social networking site between others.


RVchain Published in Researchgate

Ritva has successfully listed one of its key researches named RVChain on Researchgate. According to the research, "RVChain takes advantage of trusted execution environment to offer confidentiality protection for transactions, and scale the throughput of the network in proportion with the number of network participants by supporting parallel shadow chains."

 

[allen9791]

Estonia's Digital Nomad Visa - The First Of Its Kind

Estonia is now building on its success with e-Residency to launch a visa for digital nomads; employees who work remotely around the world. The visa is an example of a public-private partnership at work between the Estonian government and Jobbatical, a cross-border hiring firm.

“What we are doing with the digital nomad visa, it really reflects what our whole immigration policy is about,” said Killu Vantsi, a legal migration adviser at the Estonian Ministry of the internal affairs. “We want to attract the talented people, entrepreneurs that are beneficial to our society to our economy.”

Karoli Hindriks, CEO of Jobbatical, said other countries should follow Estonia’s lead as they face aging populations and a lack of skilled workers. “The countries that are closing down and not thinking about it, I’m very curious to see where they will be in 10, 15 years,” she said.

 

[allen9791]

THE EU SUPPORTS START-UPS (1)

Startups across EU have been hit severely by the coronavirus pandemic. Until the crisis is over, survival has to be the imperative focus for startups. Fortunately, on April 15th, United Tech of Europe, which is basically a coalition of national, EU-based startup lobbying organisations, including those of France and Germany, launched a handy policy map that shows which governments have taken which action to support startups and scale-ups in the middle of the global COVID-19 pandemic crisis.

The organisation insists that support for startup is crucial. “Start-ups and growth stage companies are especially vulnerable to the knock-on effects of the coronavirus crisis,” it points out. “Many start-ups are not yet generating revenue and therefore do not profit from fiscal support measures, leaving them dependent on upcoming funding rounds which are likely to be postponed. To help them stay afloat in this period of pressing uncertainty, states and regulators are being made accountable for putting the necessary measures in place. Such measures include facilitating short-term refinancing, the early return of some tax credits, certain guarantees for lost cash flow or short-term employment schemes”.

 

[Veronica50]

Quality contents here, learned so much . Am waiting for more information

 

[allen9791]

THE EU SUPPORTS START-UPS (2)

With the help from the organisation, the financial burden is partly reduced. However, for further development, seeking fund is unavoidable. Understanding the circumstance, even under the pressure of home-restriction, Ritva’s venture capitalists have their own way to observing the struggling of startups as well as their solutions in an attempt to cope with the situation. From their reactions, Ritva’s experts will easily evaluate the success rate of potential startups and then make a profit decision.

 

[allen9791]

ROADBLOCKS - FEATURE OF ESTONIA'S DIGITAL SOCIETY

The journey to become a digital society in Estonia hasn’t been without roadblocks. In 2007, the country suffered a massive cyber attack that brought down most of its digital infrastructure.

In the wake of the attack, Estonia became home to the NATO Cyber Defense Centre of Excellence, which conducts large-scale cyber defense drills. The government also created a data embassy in Luxembourg where it stores copies of all of its data.

Still, officials were forced to respond to more than 10,000 cyber incidents in Estonia in 2017. The country’s top banking regulator recently warned online databases and programs like e-Residency have made Estonia vulnerable to dirty money and sanctions breaches.

Government officials admit that being a digital society means being prepared for cyber threats. Kaljulaid said “cyber hygiene” is essential for every citizen.

“You will always be teaching and educating people,” she said. “It’s like teaching hygiene. You wash your hands because germs spread.”

 

[allen9791]

CRYSTAL WALLET: WHAT’S NEW IN VERSION 1.64?

As you may have noticed, we are delighted to announce that a new version of Crystal Wallet for Android and iOS has been recently released. So, what’s new?

- New User Interface: Our developer team has designed a user-friendly and intuitive interface that yields two-fold benefits of convenience and efficiency. The focus of the UI is to ensure simple and quick access to content that the user is looking for and to contribute to a spectacular user experience.

- Biometric Authentication with Fingerprint/ FaceID: Crystal Wallet now allows users to use either Fingerprint Recognition or Facial Recognition to open and access the app. This not only makes the user experience better, but also renders the app more secure. Security is enhanced because your fingerprint or Face cannot be copied, or peeked at like while you are using conventional password. The next time you login to the Crystal Wallet app, you will be automatically prompted to use your fingerprint or face ID without the need of manually entering your login ID or password.

- Incorporating markets valuation info: The wallet now constantly fetches price of each crypto asset from authorised source, and shows it all to you in a single screen. This allows users better planning and managing on their crypto asset.

- Support customised ERC20 token: A handful of new cryptocurrencies is created on a weekly basis. Some of them may be of great interest to you. Our wallet now enables you to stay on top of crypto-innovation, and manage or track your favorite new-born crypto assets easily.

Download the latest version from your app store to enjoy the fullest experience!

 

[allen9791]

THE RECOVERY OF GOLD AND OIL

Gold price continues upward trend

Despite being the archetypal safe-haven asset, gold, like everything else, eventually took a hit to the downside on the realization that COVID-19 would become a global pandemic. From the week beginning March 23, however, the gold price rebounded at the same time as a bear market rally in U.S. stocks. Despite the mid-March fall in the gold price, in tandem with the stock market crash, the yellow metal has recovered and the market appears convinced that it is on an upward trajectory.

The Beginning Of A Tremendous Oil Rally

Evidence of recovering oil demand began to emerge over the past week. Yesterday, oil prices climbed to their highest level in months, with West Texas Intermediate (WTI) at $32 and Brent breaking $35 per barrel. Sentiment has vastly improved over the past few weeks, and recent promising news about a potential coronavirus vaccine has boosted energy and equity markets.

Despite the fluctuation of the market recently, Ritva’s IB team is still doing great in an attempt to making countless profit because their commission is not based on the profits or losses of traders, but on managing trade execution for their clients. And the most amazing thing is we could actually get a huge stable profit from the trillion-dollar-but- uncertainty market.