Markets

VanEck, SolidX Join Forces in New Bid to Launch Bitcoin ETF

2 weeks ago admin2 0
Investment firm VanEck has partnered with financial services company SolidX in their latest attempt to launch the first bitcoin exchange-traded fund. The companies announced Wednesday that they would list a “physically-backed bitcoin ETF that will be insured against loss or theft of bitcoin.” Under the arrangement, VanEck will market the ETF, while SolidX will act Read More

Magic Number? Chart Data Hints at June 6 Bitcoin Boost

2 weeks ago admin2 0
A major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves. Intriguingly, the cryptocurrency tends to take a significant change of direction on the sixth day of every month, or at least it has so far in 2018. Having Read More

When It’s Time to Rebalance Your Crypto Asset Portfolio

2 weeks ago admin2 0
Willy Woo is an avid cryptocurrency trader and blogger, whose work is published at Woobull.com and via Twitter at @woonomic. The ideas in this post first appeared in a tweet published earlier this year. I think rebalancing a crypto portfolio to reduce exposure to a single crypto asset is the most intuitive yet completely wrong move long term investors make. Maybe Read More

LexisNexis Partners With Australian Crypto Exchange Blockbid to Increase Security

2 weeks ago admin2 0
Risk management giant LexisNexis has partnered with crypto exchange Blockbid to increase the exchanges security measures Blockbid reports on its Medium account June 4. Blockbid is reportedly one of the first trading platforms to voluntarily observe global anti-money laundering (AML) measures by partnering with LexisNexis and ThreatMetrix security technology firms. Boosting fraud prevention and know Read More

Bitcoin’s Low Volume Breakout Could Be a Bull Trap

2 weeks ago admin2 Comments Off on Bitcoin’s Low Volume Breakout Could Be a Bull Trap
Bitcoin looks primed for a move to $8,000, but low trading volumes point to the risk of a bull trap. The cryptocurrency broke through a key descending trendline (drawn through the May 6 high to the May 21 high) on Sunday, adding credence to last Tuesday’s bullish outside-day candle and signaling a short-term bearish-to-bullish trend Read More

This Long-Term Indicator Could Complicate Bitcoin’s Price Recovery

2 weeks ago admin2 Comments Off on This Long-Term Indicator Could Complicate Bitcoin’s Price Recovery
A long-term price indicator has turned bearish for the first time in four years, threatening to impede continued gains in bitcoin’s price. Despite the rally late in the month, the cryptocurrency dropped 19 percent in May, according to Bitfinex data, pushing the 5-month moving average (MA) below the 10-month moving average for the first time since Read More

Up 24%: Bytecoin Only Gainer In Bad Month for Big Cryptos

2 weeks ago admin2 Comments Off on Up 24%: Bytecoin Only Gainer In Bad Month for Big Cryptos
Bitcoin’s failure to scale the $10,000 mark and the following 19 percent slump did not bode well for the cryptocurrency markets last month. The total market capitalization of all cryptocurrencies fell to $304 billion on May 29 – the lowest level since April 13 and a drop of 26 percent for the month, according to Read More

Huobi Is Launching a Cryptocurrency Exchange-Traded Fund

3 weeks ago admin2 Comments Off on Huobi Is Launching a Cryptocurrency Exchange-Traded Fund
Cryptocurrency trading platform Huobi is launching a crypto-based exchange-traded fund (ETF), an investment option that will allow retail investors to gain exposure to a basket of assets instead of just one at a time. The company said in an announcement on Friday that the investment instrument – called HB10 – is now open for subscriptions, Read More

IHS Markit Has A Plan to Tokenize A $1 Trillion Loan Market

3 weeks ago admin2 Comments Off on IHS Markit Has A Plan to Tokenize A $1 Trillion Loan Market
There’s a lot of talk in the financial world these days about putting cash (the fiat kind) on distributed ledgers, but little action beyond proofs-of-concept. That may soon change as IHS Markit, the market infrastructure giant, is developing a new blockchain-based system to handle the payments leg of syndicated loan trading – and eventually, a Read More

Bitcoin Bears Still in Charge But Indecision Could Open Doors for Rally

3 weeks ago admin2 Comments Off on Bitcoin Bears Still in Charge But Indecision Could Open Doors for Rally
While the odds are still stacked in favor of bitcoin’s bears, a level of indecision looks to be creeping in, according to the technical charts. The cryptocurrency fell to a 6.5-week low of $7,142 on Bitfinex earlier today, having breached the 50-week moving average (MA) support for the first time since 2015. Amid the continued Read More