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The Oxford Club Explains about Alternative Cryptocurrencies and their Possibilities

When every investor is looking at the possibilities of cryptocurrencies considering the surging prices of bitcoin, the investment advisory firm, The Oxford Club, explained about alternative cryptocurrencies that are generally called as altcoins. It says that the success of bitcoin created a flood of cryptocurrencies around the world. Also, there is an expansion of market where the cryptocurrencies become more liquid which can be transacted around the world. It also created a situation that virtually anyone can create these currencies their own – the concept of altcoins.

Post-2013, some smart investors became fascinated to move to the next level of it – alternative cryptocurrencies. However, until 2016, it was a quiet period for bitcoin and altcoins. When bitcoin got a surge, people started looking for alternatives, and more cryptocurrencies came to the market and became highly successful. Every new cryptocurrencies and altcoin are going through its launch program called Initial Coin Offerings or ICO, which work quite in the line of IPO in stock markets. It is generally an effort of engineers who create a token or a cryptocurrency.

When there is sufficient interest is created on the currency, they start improving it to gather more interest. Presale process to insiders or family and friends are a common phenomenon in the industry. Also, during the ICO handful discounts are offered to the buyers, and people start trading in it using a cryptocurrency exchange. Interestingly, the cryptocurrencies provide excellent proceeds and income for the creators. A large ICO could fetch $230 million in early 2017 called Tezos. It was producing a collectible of 8% of the entire proceeds, which is high according to the observations of The Oxford Club.

The Oxford Club is a leading financial advisor and publisher group headquartered in Baltimore. It is a global, private network of prominent executives, entrepreneurs, and investors. The group researches and introduces time-tested investment options and principles to make the members earning significant wealth.

The Oxford Club provides investment recommendations on bonds, real estate, collectibles, equities, options, funds, currencies, and precious metals. It gives trading recommendations, investment research services, monthly newsletters, financial seminars, and more. The Oxford Club has nearly 100,000 members over 100 countries.

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George Soros: Founder and Chairman of the Open Society Foundations

The United States-based Open Society Foundations was founded by George Soros in 1979 when he determined that he had enough money. His success as a hedge fund manager trading in the risky currency trades amounted to his success to develop the Open Society Foundations. George Soros has also donated more than half of his money through the Open Society Foundations based in the United States. George Soros also developed the foundation with the main pillars of seeking justice for the oppressed, becoming the voice of the voiceless, and advocating for a world where the rule of law is applicable as well as the truth is not monopolized and Follow his Twitter.com.

This is why George Soros is now considered as one of the most proficient individuals who has acted on behalf of the people to assimilate better business in a manner that is not paralleled in the industry. George Soros was born in Hungary. During that time, the Hungarian people wanted to do away with the Jewish communities living in the country. The Jewish communities had started overthrowing the people of Hungary due to their large numbers. Therefore, they decided to develop the Nazi Occupation that wanted to do away with the people through extermination and expulsion from the country. However, the Nazi Occupation were killing everyone they found to be Jewish in the country and what George Soros knows.

While George Soros was also a Jew, he decided to secure false identities for his families as well as other Jews who had no form of living. He used the identities to complete his high school education. After graduating from high school, George Soros went on to London where he worked at a local railway station to raise enough money for keeping his family. The railway was his best shot because he did not have enough education to start a formal job in the foreign country. George Soros also used the money he saved from working at the local railway station to pay for his school fees at the London School of Business. George Soros went on with his education for three years before he graduated with the highest credit grades and more information click here.

George Soros was offered a job at a local bank in London. However, he denied the job and went to the United States through sea voyage. When he landed in New York, he got a job at two local hedge fund management companies. His success at the hedge fund companies amounted to massive success rates. His success also helped him start the Soros Hedge Fund Management Company. He extended his success to become one of the richest people in the world due to his massive success rates betting against major currencies in the world. After he determined that he had enough money, George Soros founded the Open Society Foundations and George Soros’s lacrosse camp.

More Visit: http://www.businessinsider.com/how-did-george-soros-become-the-favorite-boogeyman-of-the-right-2017-5