The latest CoinShares Weekly Digital Asset Fund Flows Report from 1 June which tracks inflows and outflows across different crypto investment vehicles, found that the price volatility in crypto markets has been a catalyst for investment. A total of $74 million of net inflows were recorded, primarily led by Ethereum and altcoin products. Chief Executive…
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The following article was written by Alejandro Zambrano, Chief Market Strategist at ATFX UK. Cryptocurrency markets have enjoyed an excellent start to the year, and from the December low, the market value of the 5075 cryptocurrencies tracked by Coinmarketcap has risen from 166 billion dollars to 250 billion. Bitcoin, BTCUSD, makes up about 65% of…
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Dukascopy Bank is growing its crypto eco-system by adding new services. The bank’s clients can already fund trading accounts with Bitcoin, exchange Dukascoin, the bank’s own cryptocurrency, on the internal marketplace and trade CFDs on Bitcoin to US Dollar and Ethereum to US Dollar with leverage of up to 1:3. Dukascopy Bank was the first…
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Conservative investment advisors are of a different breed, especially when it comes to appraising the merits of cryptocurrencies. This part of the institutional investor arena will generally be the last ones to come to the crypto party, but not everyone of this genre is solidly in this “stay-away” camp. One of these contrary fellows is…
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In Bitcoin-Land, enthusiasts are always circling important dates on their calendars for events that could rock the crypto world, but no event commands the same respect, as does Bitcoin’s halving happening in May of 2020. In both 2012 and 2016, similar halving episodes gave rise to massive appreciation in the months that followed. Can the…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 11, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Sometimes things seem so far away but in reality, they might be much closer than we think.…
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The US Treasury, or more specifically its Office of Foreign Assets Control (OFAC) has recently blacklisted three Chinese residents and their respective crypto accounts. The reason? Smuggling of drugs and money laundering allegations. The three Chinese individuals are the following: Guanghua Zheng, Xiaobing Yan and Fujing Zheng. All three of them are currently named as narcotics traffickers and…
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Bitcoin analysts that populate Twitter take great pains in plotting every possible near-term movement that their beloved digital asset might traverse over the ensuing weeks, tapping into their favorite technical indicators and citing all manner of fundamental causes that will drive the price action. While the majority points to actions taken by Fidelity Investments, the…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 1, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, As was widely anticipated, the US Federal Reserve did end up cutting their interest rate by 0.25%…
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Once more unto the breach, dear friends, once more… Bitcoin tried valiantly for a second time in 30 days to breach the $13,000 “wall”, but, unfortunately, was pushed back down below $12,000. Resistance has thickened on these ramparts on the way to a new All-Time-High, but the market leader has definitely been persistent. Volatile swings…
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