Day: October 3, 2018

FXCM Forex Trading Company now Offers Clients Bitcoin CFDs

boss

Forex Capital Markets (FXCM), a London-based global foreign exchange brokerage has joined the bitcoin bandwagon just like some of its competitors in the forex and financial services industry including Admiral Markets, ICM Capital and others, reported Finance Magnates on October 1, 2018. FXCM Bitcoin CFD According to sources close to the matter, FXCM Group has now added bitcoin contracts-for-difference (CFD) to the list of its financial product offerings. The firm has reportedly said that its BTC/USD contracts-for-difference (CFD) will be available to clients in the UK, Australia, and South Africa. For…

Security Report Paints Mixed Picture of Protection at Biggest Crypto Exchanges

boss

Coinbase Pro topped the ratings of a new report from ICORating into cryptocurrency exchange security Wednesday, October 3, while researchers flag multiple shortcomings that continue to plague the sector. ICORating conducts analytical research in the crypto space in its role as an independent rating agency. The report rates one hundred exchanges whose daily trade volume is over $1 million on various criteria relating to security models, including end user protection and robustness of code. Many of the world’s highest ranked crypto exchanges by trade volume — such as Bitfinex, Bitstamp…

Japan’s Prime Minister Appoints Pro-Blockchain Figure as Minister of Science, Tech, IT

boss

A prominent pro-blockchain politician has been appointed as Minister of Science, Technology, and IT as part of the fourth reshuffle Japanese Prime Minister Shinzō Abe’s cabinet, Cointelegraph Japan reported October 2. Takuya Hirai, a member of the ruling Liberal Democratic Party (LDP), and reportedly one of the architects of a law legalizing crypto exchanges in Japan last year, will take up the key role as head of the ministry — charged, among other things, with overseeing official government policy towards financial technologies. As CT Japan outlined, Hirai has been proactive…

Crypto Trading Platform BitMEX Appoints Veteran Hong Kong Regulator as COO

boss

Major crypto trading platform BitMEX has appointed a veteran Hong Kong regulator as its chief operating officer (COO), Hong Kong English-language newspaper the South China Morning Post (SCMP) reports October 2. BitMEX was founded in 2014 and sees almost $1.8 billion in daily traded volume, making it one of the world’s largest crypto exchanges. The exchange is not, however, included in CoinMarketCap’s exchange rankings, as it is “a [Bitcoin-only] derivatives market NOT actually spot trading Bitcoin [BTC].” BitMEX works as a “peer-to-peer trading platform that offers leveraged contracts that are…

Bitcoin Price Watch: BTC/USD Breakdown Below $6,520 Looks Real

boss

Key Points Bitcoin price broke the $6,540 and $6,520 support levels to move into a bearish zone against the US Dollar. Yesterday’s highlighted important contracting triangle was breached with support at $6,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair tested the $6,400 support level and it is currently correcting higher in the short term. Bitcoin price breached key supports around $6,520 against the US Dollar. BTC/USD is now at a risk of more losses towards the $6,360 support. Bitcoin Price Analysis During the…

Government Bonds: How Blockchain Can Beat the Red Tape

boss

Last week, Austria became the latest government to successfully trial blockchain platforms to issue government bonds. The trial follows in the footsteps of the Australian and Thai governments, both of whom developed blockchain bond issuing platforms earlier this year. Government bonds are debt securities which represent an important way to support government spending and are widely considered to be one of the most risk-free investments available. Government bonds also make up a large proportion of the secondary market, with a total value of $22.116 trillion across the world as of…

A Blockchain in a SNARK, a Full Node in a Browser

boss

Coda’s State Explorer: A Blockchain in a SNARK, a Full Node in a Browser October 3, 2018 by William Peaster This week, the Coda Protocol team unveiled a Coda testnet state explorer capable of running full nodes in users’ browsers thanks to the network compressing its entire blockchain in a zk-SNARK proof. The dynamic bodes well for a blockchain future wherein scalability need not come at the expense of decentralization. Also see: BitMEX: ICO Firms Have Sold Three Quarters of Ether Raised Subscribe to the Bitsonline YouTube channel for great videos featuring industry…

Cardano Price Analysis: ADA/USD Likely To Extend Losses To $0.072

boss

Key Highlights ADA price failed to hold the $0.0820 support and declined recently against the US Dollar (tethered). There is a key bearish trend line in place with resistance at $0.0830 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to remain under pressure and it could extend declines towards the $0.0720 support. Cardano price struggled to gain bullish momentum against the US Dollar and Bitcoin. ADA/USD broke a key support and it is likely to retest the $0.0720 support. Cardano Price Analysis…

Ripple Price Analysis: XRP/USD Turned Bearish Below $0.5500

boss

Key Highlights Ripple price failed to hold the $0.5520 and $0.5500 support levels and declined sharply against the US dollar. There was a break below an important bullish trend line with support at $0.5420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair tested the $0.5000-0.5020 support and it is currently consolidating losses. Ripple price is under bearish pressure against the US Dollar and Bitcoin. XRP/USD could correct higher, but the previous support at $0.5500 may now prevent gains. Ripple Price Analysis Yesterday, we discussed…

Ripple (XRP) Price Declines 8% While the Crypto Market Loses $9 Billion

boss

Subsequent to the release of a major partnership with $80 billion banking giant Banco Santander, the price of Ripple (XRP) has declined by more than 8 percent. In the past 24 hours, the valuation of the cryptocurrency market dropped by around $9 billion, as Bitcoin dropped below the $6,500 mark for the first time in the past seven days, recording a 2 percent decline in value. Low Volume was the Issue Yesterday, on October 2, CCN reported that the low volume of Bitcoin is a concern for traders and it…