The HSBC is going on a different path than rivals such as Goldman Sachs whose digital investing branch, Saxo Markets, recently announced the launch of a new crypto trading service - Crypto FX. Bitcoin’s price has been on a rollercoaster during the last few days with a 50% fall, trading $36,387 on Monday, just 40…
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A large portion of the new-found regulatory issues are because Crypto miners are using increasingly strong and bespoke tech equipment – often referred to as rigs - to certify virtual coin trades within a process which creates freshly minted cryptocurrencies, including the likes of bitcoin. Speaking of China’s latest crackdown, Chen Jiahe, Chief Investment Officer…
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Coinciding with Bitcoin first reaching $20,000 – a monumental milestone for the cryptocurrency – CME Group first launched Bitcoin derivatives back in December of 2017. To reflect US demand for crypto derivatives, the company then further expanded its selection of offerings by launching Ethereum futures and Bitcoin options. It has since become the world’s third-largest…
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Columnist Colin Wu (@wublockchain on Twitter) stated that: This caused some panic in China. However, the Chinese government said it was only conducting an investigation. Data centers are difficult to use for Bitcoin mining, and are mainly used for ETH Filecoin. The emergency notice is now said to have been issued as routine from the…
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Reports have found that an average of 13.8K contracts in CME Bitcoin futures, which are equivalent to around 69K bitcoin, have been traded on a daily basis as of March 2021. Additionally, the recently launched CME Ether futures has witnessed trades of 767 contracts (the equivalent of 38.4K ether) on average per day since it…
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CAPEX.com’s crypto offer includes: Bitcoin Cash Bitcoin Spot Ethereum USD Ethereum EUR Litecoin USD Litecoin EUR Ripple Wasim Zayed, the Executive Director at Key Way Investments Ltd, the company operating CAPEX.com under its CySEC regulation, commented: Educating our clients sits at the heart of our strategy. We've always been bound to rendering the best knowledge…
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Not only has Coinbase facilitated major purchases from Tesla, but its agency OTC desk also acted as the primary execution partner for a multi-billion bitcoin investment throughout last year for business intelligence service, MicroStrategy. Instead of executing client trades on an exchange, the OTC agency unit earns its commission by completing client deals directly between…
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Other popular cryptocurrencies, including ethereum (ETH, +6.02%), litecoin (LTC, +7.3%) and XRP (+7.04%) are still down 58% to 88% from their respective lifetime highs reached three years ago. Bitcoin has double its price in the past three months. Unlike its previous rally in 2017, when the demand came from the retail market, this time it’s…
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Jean-Marie Mognetti, CEO of CoinShares - a digital asset manager said: The rest of the world needs to either keep printing money or see their own currency eroding drastically in front of the unbeatable dollars. Turkey, Brazil, or Argentina are the perfect examples of this. Consequently, in a world where investors continue to seek protection…
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If the prediction proffered by the so obvious “H&S” formation as presented above plays out, then the math would suggest a test of the $5,900 level, as happened at the end of March. Several respected crypto traders are suggesting that even lower values may be in the cards, but Goldman Sachs advised its clients that…
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