The Swiss Bank proposed a solution to the problem of the volatility of Bitcoin
Source:
Bitcoin — very volatile cryptocurrency. Its course can significantly change, taking off or collapsed from the news or a Twitter post. It is this feature of Bitcoin is often cited in the debate his opponents, which, in General, right. But Swissquote Bank , which has found a way to curb the sudden with your own algorithm and investment portfolio based on bitcoin and the dollar.
The Idea is simple: funds are held in a mix of traditional and cryptocurrency algorithms will monitor the information about Bitcoin on the Network, promptly responding to rate changes and market signals. Assessing the situation, the algorithm will automatically translate Bitcoin into dollars or Vice versa.
The Bank believes that this scheme will reduce the risks of investing in a cryptocurrency that has recently interested in increasing the number of investors.
«They are, however, concerned about the volatility of Bitcoin. So we tried to build the trading algorithm, which can protect the system from surges», — explains the management of the Bank.
It is Difficult to say how effective will be the Bank's scheme, but, apparently, if it will run, we learn about it pretty quickly.
Our .
Recommended
To work with PDF difficult? Try this app
PDFelement — a powerful processor to work with PDF Many of us somehow have to work with documents in PDF format. One needs it in the office, others just prefer to share documentation in PDF format as it is convenient to use and economical in ba...
How to get started with the training of neural networks
No machine learning can not work none of the neural network. a few years ago neural networks were something outlandish. Now this tool is mastering more and more people. And this industry is evolving at an incredible pace: recently, the neural network...
Why China began to raise pigs the size of a polar bear?
Pigs can weigh more than a ton In the article about the successful establishment we mentioned that is one of the largest consumers of pork meat. However, at the moment, Asia is widely distributed so-called African swine fever. This disease is not for...
Related News
Record: Costa Rica has lived in renewable energy 300 days
a Small country with five million people 300 days lasted only derived from renewable sources. The previous record of the country has put in 2015 — then she managed to survive for 299 days. most of the country gets electrici...
Lukashenko may allow in Belarus, the exchange of cryptocurrency
the New system in exchange for real money can appear in Belarus in the near future. It is expected that this will happen after the signing of the decree by Lukashenka «About the high-tech Park», said the Director of the ...
The Ministry of communications: legal reasoning Bitcoin will not get
last week, first Deputy Chairman of the Central Bank Dmitry Tulin has suggested that the Central Bank is not considering the possibility of opening the state of the venues used for crypto operations. In addition, he suggested that...
Visa international has launched a B2B-payments in the blockchain
Payment giant Visa launched a pilot phase of its blockchain project that allows you to make international B2B payments. The work on the project was announced last year. Then Visa decided to ease international transfers, making the...
Support cryptocurrency appeared and ATMs
the Korean manufacturer Hyosung ATM produces a huge number of devices that can be found around the world. Recently, the manufacturer has expanded the functionality of their devices, adding support . Yes, while it only supports Bi...
American Express launched the world's first payment on blockchain service
a Joint project of American Express and FINTECH start-up Ripple implemented the world's first blockchain-a service that enables instant cross-border transfers. Now companies from US and UK will be able to receive money in real-tim...
The European Central Bank may restrict trade cryptocurrency
Yesterday, Ewald Nowotny, member of ECB's governing Council and head of the Bank of Austria, said that the Bank is considering the possibility of regulation of the market , focusing in particular on the experience of China, —...
Morgan Stanley predicted the collapse in sales of graphics cards in 2018
Analyst at Morgan Stanley, studied the demand for iron, as well as a number of other factors, came to the conclusion that next year will be for manufacturers is quite complex. If in 2017, the producers do not have time to produce ...
Belarusian currency and stock exchange has launched a pilot blockchain project
the Belarusian currency and stock exchange has launched a pilot project on the basis of technology — said the Agency BelTA with reference to the head of marketing and sales BCSE Vitaly Tikhonov. According to the head of the ...
The Central Bank supported the idea of a tax on mining
In late October, Russian President Vladimir Putin instructed the government and the Central Bank to define and enshrine in law changes governing the status and the blockchain. Today it became known that the initiative was supporte...
Bill gates built his 'smart city'
Owned by bill gates ' investment company has acquired 10 hectares of land near Phoenix, capital of Arizona. According to the statement posted on the company website, there are plans to build a «smart city», who will call...
Sberbank and the Federal Antimonopoly service began testing blockchain
the Federal Antimonopoly Service jointly with the savings Bank began testing the technology of distributed registries — on Saturday said the first Deputy Chairman of the management Board, Lev Khasis. According to him, Sberba...
Predicted the crisis of 2008 the economist "buried" cryptocurrency
Nouriel Roubini — economist, Professor of University of new York and an analyst who predicted the global financial crisis of 2008, thanks to which he became widely known. Recently Roubini, while in Warsaw, gave an interview ...
Error of the programmer froze on cryptocotyle $ 280 million
the Programmer with the nickname devops199 working with their smart-contract Parity, by mistake deleted the library that provides the wallets, was from mid-summer to the present. Now in the purses frozen about $ 280 million in ess...
the fact that Russia may in the future prohibit the channels of the organized exchange , said the first Deputy Chairman of the Central Bank Dmitry Tulin. In addition, he stressed that the Central Bank is not considering the possib...
Scotland first in the world to fully switch to clean energy by 2020
more and more countries and regions plan to fully give up traditional power plants that pollute the environment by going to «» and renewable energy. First, it will help to reduce the emission of harmful substances into t...
Uruguay will launch a digital peso
After digital , which reflects the government and the national Bank of Denmark, the transition to digital currency thought, and in Uruguay — local peso may soon be history, replaced by your e - «namesake» and the e...
Competitor Qualcomm wants to buy the company for a record $ 130 000 000 000 $
Today, chip maker Qualcomm has received an unprecedented offer from Broadcom: to sell the entire company from the giblets for $ 130 billion. The name Qualcomm is well known in Association with the Snapdragon chips, which employ Sa...
The new album of the singer björk can only be bought with cryptocurrency
Ninth Studio album, one of the most extraordinary performers, Icelandic singer björk, out of the twenty-fourth of November. I'm sure many expect that it will be available in iTunes and other music services, or on CD or vinyl. But ...
The market capitalization of bitcoin has reached $ 200 billion
on Thursday, the Bitcoin cryptocurrency has shown an unprecedented week-long growth, which, compared to its previous value amounted to about 25 percent. Thus, the cost of 7050 USD. And already on Friday, the total capitalization o...
Comments (0)
This article has no comment, be the first!