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Posted in: Sponsored Stories Published: January 22, 2020 5:12 PM UTC Margin Lending: Earn the Best Interest Rates in the Cryptocurrency Lending Market The Invictus Margin Lending Fund (IML) offers investors a unique opportunity to take advantage of a nascent market that has to date provided consistent returns well above traditional money market yields. Author: Sponsored The lending of cryptocurrencies has been an interesting sector to observe over the past year as new products have proliferated in the market. Volatility has always been an active contributor to lending rates, and with the recent spike in volatility, lending rates on crypto exchanges have reached as high as 149% p/a on some cryptoassets (e.g. NEO), with rates even as high as 38% p/a earnable on USD. These developments create the opportune moment to explore margin l..
Bitcoin ETFs are hardly needed for the ecosystem’s development, says founder and CEO of crypto investment firm BKCM Brian Kelly. Founder and CEO of crypto investment firm BKCM Brian Kelly has said that Bitcoin (BTC) exchange-traded funds (ETF) are hardly needed for the ecosystem’s development, given that the coin is already available on regulated platforms such as Fidelity and TD Ameritrade. Kelly made his remarks during an interview with CNBC published on Oct. 11, explaining: “You have companies like Fidelity and TD Ameritrade starting to push into this space. So ultimately you’re going to be able to buy Bitcoin in a regular brokerage account, or it’s going to look like a regular brokerage account. So I’m less concerned that you need a bitcoin ETF at this point in time.” He also pointed out that the United States Commodity Futures Trading Commission’s (CFTC) decision to define Ethereum as a commodity made a significant impact on the space, adding: “The CFTC saying that Ethereum is a..
Jihan Wu, CEO of mining giant Bitmain, believes the next Bitcoin block reward halving may not lead to a bull market, but the coin’s price will grow in the long term. Jihan Wu, co-founder and CEO of Chinese mining giant Bitmain, believes the next Bitcoin (BTC) block reward halving may not lead to a bull market, but the coin’s price will grow in the long term. According to Chinese industry news outlet 8BTC’s report published on Oct. 11, Wu made his remarks during the World Digital Mining Summit held in Frankfurt. Bulls may be late this timePer the report, Wu explained that the crypto market moves in cycles and this time the next bullish phase may not start after the halving. He is also confident that in a long-term perspective crypto enthusiasts should invest in mining hardware, adding: “There are many uncertainties, but now is a good time to invest in crypto mining. If I were a miner, I would not stop mining but continuing to invest in mining equipment. We are currently in a short-ter..
The cryptocurrency markets continue to show green candlesticks, while Bitcoin recovers to the $8,200 price mark. Monday, Oct. 7 — Bitcoin (BTC) continues its rebound together with most of the other cryptocurrencies, with notable gainers Chainlink (LINK) and Tron (TRX) breaking 10% gains on the day. Cryptocurrency market daily overview. Source: Coin360 The world’s most popular crypto coin closed the week with a selloff, pushing its price well below the $8,000 mark and recording a close down 2.5% for the week. However, Monday seems to be bearing gifts. Bitcoin started the trading day at around the $8,000 price level and has been slowly crawling upward to its current price point of $8,234, showing a gain of 5.35% in the last 24 hours. Bitcoin seven-day price chart. Source: Coin360 German bank BayernLB recently published a report on Bitcoin versus gold, in which it predicts a big leap for the cryptocurrency in 2020, stating: “If the May 2020 stock-to-flow ratio for Bitcoin is factored i..
A New York-based legal firm filed a class-action suit against Tether and Bitfinex, accusing the firms of crypto market manipulation. A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation. “Largest bubble in history”Roche Freedman filed a class-action suit claiming that stablecoin firm Tether and its affiliate crypto exchange Bitfinex have been involved in defrauding investors, manipulating markets and concealing illicit proceeds, the firm’s founding partner Kyle Roche tweeted on Oct. 7. In the tweet, Roche accused Tether and Bitfinex of creating the “largest bubble in history.” Filed on Oct. 6, the complaint document states that Bitfinex and Tether primarily accomplished a “sophisticated scheme” involving “part-fraud, part-pump-and-dump, and part-money laundering.” Suit alleges that backing asset claims were falseIn the lawsuit, Roche Freedman argued that Tether’s claim of backing the number of its Tether token..
Bitcoin Price Continues to Fall as $7,120 Looks like Critical Support to Stave off Bear Market 2.0 This week isn't looking good for Bitcoin (BTC) as the price continues to decline after reaching a high of $8,540 on Oct. 1 down to $7,870 on Oct. 6. This continued decline was anticipated in last week's analysis, with fingers pointing to China's week-long Golden Week as a possible catalyst for the reduced trading volume. However with the Chinese set to return to their desks next week, will they be buying the dip, or sitting on the sidelines for the new support being flagged across the charts? Weekly crypto market performance. Source. Coin360.com A sidewards week for BitcoinUsing the 1 day Bitcoin chart, last week's trading range was expected to be between $7,600 and $9,500 as per the dynamic support and resistance on Bollinger Band indicator. However, very few trading opportunities presented themselves as the Bitcoin price stayed planted in the middle around $8,20..
Tether and its affiliate exchange Bitfinex announce that they are prepared to fight lawsuits alleging that USDT is involved in market manipulation. Stablecoin firm Tether and its affiliate exchange Bitfinex anticipate a lawsuit alleging that Tether token (USDT) is involved in market manipulation as the result of an unpublished paper. Tether and Bitfinex to defend its positionOn Oct. 5, both Tether and Bitfinex published statements claiming that they had become aware of an unreleased paper “falsely positing that Tether issuances are responsible for manipulating the cryptocurrency market.” Both firms argued that findings and conclusions claimed by that unpublished source relies on “flawed assumptions, incomplete and cherry-picked data, and faulty methodology.” Both announcements likewise refer to the paper as “non-peer reviewed.” Tether and Bitfinex further wrote that they do not only expect unethical lawyers to use the paper to launch a lawsuit, but also they would not be surprised i..
Bitcoin’s price dropped and consolidated, but the altseason failed to come back. Will altcoins finally rally as BTC is on the verge of dropping to new lows? The most recent Bitcoin price drop caused many altcoins to drop heavily, but can one say that they are doing poorly or is it only their USD pairs which are affected? Since a temporary bottom was found at the start of September, altcoins have steadily gained value in their BTC pairings. Take the following, for example: ETH/BTC is up +32%, XRP/BTC +27% and XLM/BTC has gained +29% during this time. Let’s take a closer look at the altcoin market to investigate what is happening. Altcoins total market capitalization chart. Source: TradingView The altcoins market cap has been in a prolonged downturn since the beginning of July when the market reached a $126 billion cap. This same level served as a support in 2018. A harsh rejection was followed by a bearish downtrend which knocked the market cap all the way back towards the support ne..
Will Binance’s entry into the U.S. market pave the way for other prominent exchanges as well? From the outside looking in, the United States seems to present a host of amazing financial opportunities. However, when it comes to launching cryptocurrency exchanges or altcoin trading platforms, these possibilities start to dwindle and fade quite rapidly. In this regard, over the past few years, the U.S. regulatory landscape has seemed so hostile toward the crypto industry that a number of prominent exchange operators have preferred not to serve U.S. citizens at all — a case in point being Bancor, a decentralized liquidity network, that recently decided to block American citizens from using its website to convert its tokens. Related: US a Crypto Exchange Scarecrow — What Needs to Change? All of these negative developments have their roots traced back to America’s lack of clear regulations — especially when it comes to securities legislation. However, despite all these hurdles, Binance rec..
Major cryptocurrency exchange Binance launches a market maker program for its high volume users. Major cryptocurrency exchange Binance announced in a blog post published on Sept. 30 that it is launching a market maker program. Per the announcement, users whose monthly trading volumes exceed 1,000 Bitcoins (BTC) — or can reach such volumes — and who also have quality market making strategies can immediately join the program. Binance explains that the aim of the initiative is to bring more liquidity to the exchange. A bid for more liquidityThe firm notes that the program is limited to the spot markets of the trading platform on a “market maker pair list” that will be periodically updated. Each market maker will be given a score based on their performance across various markets, depending on which the exchange will calculate their fees. More precisely, the score will take into account maker volumes, bid/offer spread, total order size, order duration, weight adjustment on specific pairs. ..