Category: Trading
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Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip
Digital asset prices dropped in value on Monday after the last few weeks of cryptocurrency market consolidation and stability. Around 8:10 a.m. EDT on Oct. 29, the top 10 digital currency markets saw percentage losses of between 2-5%. Since our last markets update two days ago, the entire crypto-economy has lost $5.6 billion in value.…
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Czech Bank Launches Cryptocurrency-Friendly Services
A commercial bank in the Czech Republic is now offering online services that combine traditional financial features with those for cryptocurrency users. Expobank CZ says its customers will be able to trade cryptocurrencies, invest in startups, and buy precious metals through their accounts. Also read: Bill Proposes Tax Holiday for Cryptocurrency Businesses in Ukraine Bank…
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Bitcoin’s Record Low Volatility Sparks Debate Over Stability Versus Breakout
Bitcoin is experiencing an unprecedented period of low volatility, which could either be a sign that the lodestar cryptocurrency has found its price level, or has found a market floor in preparation for the next bull run. The data was revealed on Oct. 25, 2018, by Pension Partners Director of Research Charlie Bilello who shared…
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SEC Suspends Trading in Company Over False Cryptocurrency-Related Claims
The U.S. Securities and Exchange Commission (SEC) has suspended trading in a firm for making several false cryptocurrency-related claims. Among them are the firm’s partnership with an SEC qualified custodian, regulated cryptocurrency transactions, and tokens that are fully registered with the commission. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Trading Suspension The SEC…
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Online Bank Swissquote Begins Offering Clients Access to ICOs
Swissquote, a provider of online financial and trading services in Switzerland, has announced that its clients can now participate in initial coin offerings through its platform. The Swiss bank takes care of both the execution and the custody of tokens. In addition, the bank offers the trading of five major cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance…
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Bakkt Bitcoin Futures to Start Trading in December
Intercontinental Exchange has announced that its Bakkt Bitcoin Daily Futures Contract will start trading on Dec. 12. Each trade “will result in physically delivered bitcoin” and will trade in U.S. dollar terms, the firm explained, adding that one contract will be listed for trading each exchange business day. Also read: Yahoo! Japan Confirms Entrance Into the Crypto…
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Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes
Not a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% over the last seven days. This Sunday, Oct. 21, the entire cryptocurrency economy of over 2,000…
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Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations
The former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs). Also Read: Two US States…
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Markets Update: Stable Cryptocurrencies and Unstable Pegged Coins
Since our last markets update, cryptocurrencies have been steadily moving sideways as traders are patiently waiting for the next big move. On Wednesday, Oct. 17, bitcoin core has been hovering between $6,400-6,550, while bitcoin cash has been coasting along around $425-500 per coin. The market capitalization of all 2,000+ cryptocurrencies hasn’t budged much over the…
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Crypto Community Reacts to Vays Shorting Bitcoin at Yearly Low
Tone Vays, a well recognized Bitcoin trader, recently disclosed his first trade of the year: to short Bitcoin near its yearly low. At $6,150, close to the yearly low of Bitcoin at $5,900, Vays filed a short contract on BitMEX. Vays said: “As Promised, my first and perhaps my only Bitcoin trade this Year. Short 1…