The historical record demonstrates that when innovation strikes a particular industry, there are first responders or leaders, and then there are the “wait-and-see” types that drag their feet, often to their own downfall, and try their best to play catch up for years to come. When the names of Fidelity, TD Ameritrade, e*Trade, and Pershing…
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One persistent criticism by skeptics of cryptocurrencies has been that the criminal element of our society and terrorists profusely uses cryptos as a medium of exchange to carry out a number of their nefarious activities. The anonymity aspect of cryptos is always cited as the problem that must be solved by imposing strict KYC/AML/CFT compliance…
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Initial Coin Offerings (ICOs) have gotten a bad reputation due to rampant fraud and the lack of transparency. Regulators, in their attempt to protect unsuspecting investors, have launched attacks to classify all cryptocurrencies, with the exception of Bitcoin and Ether, as securities and thereby subject to more stringent registration and disclosure requirments. The SEC has…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for November 30, 2018. Highlights include: Crypto Rally Stalls, BTC Could Test Support: BTC dipped below $4,000 this morning, giving back about half of its gains from this week. If it continues to drop today, it…
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Bitcoin hit another low this morning, trading at $7,400 per coin according to major exchanges. It seems that when Bitcoin is going down, almost all altcoins are also plunging. After India and China went against Bitcoin, and with the recent news that major banks such as JPMorgan, Lloyds Banking Group and more, are banning Bitcoin…
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