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TwitterFacebookLinkedInReddit Source: Shutterstock The article is penned by Nika Franchi. She is a cryptocurrency professional whose focus is on analyzing the blockchain market and communicating the current trends to the general public in simple, clear terms. She’s been involved in getting dozens of blockchain startups to the market. In today's cryptocurrency market, four main obstacles are preventing potential retail investors from jumping on the bandwagon to generate an extra stream of income using digital assets. Namely, they are lack of experience and confidence, lack of easily accessible, unified trading interface, lack of trust, and centralization of trading. The cryptocurrency industry is still in its very early stages of development and, even though there are plenty of professional traders on the market, it is noticeably lacking in retail investors, who would bring more liquidity with them. But the problem is that even though retail investors would love to make a little ..
TwitterFacebookLinkedIn It is commonplace for cryptocurrency traders to think to leverage the best position possible on the assets they own, and in so doing maximize the profit margins on a consistent basis. But for most traders, this expectation often deviates from the narrative as they lose more money than they actually make on day trading. This is most likely due to the fact that cryptocurrency trading, as a budding subset of the blockchain industry, lacks adequate tools that keep traders efficiently ahead of the market. And for this reason, many resort to more analytical approaches to both judge the value of an asset and possibly predict trends in the market. However, the sad truth is that the market behaves in ways that oftentimes betray the emotions and excitement of traders, as trading parameters are swayed by technical assays, hence the aptness to rely on this particular analytical tool. Still, many traders find it difficult as there are too many technical instruments and indic..
TZERO has opened up public security token trading on schedule and says they might pay out dividends in Bitcoin or Ether. Retail giant Overstock’s blockchain subsidiary company, tZERO, has opened up its preferred equity security tokens — dubbed TZROP — for trading by accredited and non-accredited investors. TZERO announced the news in a press release on Aug. 12, the previously proclaimed day of the launch. According to the announcement, the TZROP token allows investors to directly participate in the company’s revenue growth via a quarterly dividend model. The announcement further states that the company could distribute a quarterly dividend of 10% of the company’s adjusted gross revenue for TZROP holders. However, it also specifies that this is subject to approval from the board of directors as well as Delaware law and accounting requirements. The company additionally specifies that it could pay out these dividends in U.S. dollars, Bitcoin (BTC), Ether (ETH) or even with more securit..
Consulting giant EY is helping a fine wine investment trading company to develop a blockchain-based platform for its clients. A blockchain-based fine wine investment trading platform has selected Big Four auditing firm EY to provide technology services as its development continues. WiV Technology enables clients to trade bottles and cases of premium wine, with the origin, quality and value of assets certified on a constantly updated blockchain. In a news release on Aug. 12, EY said that wine will be tokenized through the use of non-fungible ERC-721 tokens on the platform. Saving cost and timeSmart contracts are used to track wine ownership and transaction history, and the properties of every wine case are stored as detailed metadata. The wine is secured in a bonded warehouse, and it is believed investors will be able to trade and sell these assets “at a fraction of the cost and time required previously.” Tommy Nordam Jensen, the CEO and founder of WiV Technology, said: “Fine wine is a..
Overstock subsidiary tZERO is scheduled to open trading options on its security tokens up to the public in four days. Retail giant Overstock’s blockchain subsidiary company, tZERO, plans to allow the public to trade its security tokens in four days. Saum Noursalehi, CEO of tZERO, shared the announcement with CoinDesk, per a report published on Aug. 8. According to the announcement, Aug. 12 marks the end of a one year lock period following the company’s 2018 token offering. Noursalehi additionally commented that the company is expecting as many as 50,000 new investors, who have already bought Overstock shares, to begin trading their digital security tokens. Despite not seeing a large amount of registration by press time, Noursalehi said that investors are reaching out to learn more: “We had a lot of broker-dealers, about 30 or 40, reach out to us that want to get involved in this ecosystem [...] We’re working on these requests. Investors have been sending questions as well. They are ex..
Following listing earlier this week on Coinbase Pro, Tezos is now available on Coinbase. Major cryptocurrency exchange Coinbase has announced that it is now supporting Tezos (XTZ) trading on its site, as well as on Android and iOS versions of the Coinbase app. Expanded Coinbase Pro listingCoinbase announced the new development in an official blog post on August 8. The news comes just days after Coinbase Pro launched XTZ trading on August 5. That announcement prompted a major rally in XTZ’s price at the time. According to CoinMarketCap, Tezos’s price has increased by 11.9% on the day as of press time, which may be a function of this new announcement. Chart courtesy of CoinMarketCap Per the announcement, Coinbase customers will be able to buy, sell, convert, send, receive, or store XTZ freely, with the exception of customers based in New York State, which has proven to be a major site of crypto litigation. Earlier today, Coinbase Custory announced that they had added two new board m..
A subsidiary of U.S.-based stock and crypto trading app Robinhood received FCA approval to operate as a broker in the U.K. A subsidiary of United States-based stock and crypto trading app Robinhood has been approved to operate as a broker in the United Kingdom. Robinhood approved to operate as a broker in the UKRobinhood International, Robinhood subsidiary, has received regulatory approval from major British regulator, the Financial Conduct Authority (FCA), according to a blog post on Aug. 7. The FCA approval will allow the firm to bring its investing platform to British customers, Robinhood said in the report, adding that the move would be a critical step on its path to democratizing finance for all. According to the post, Robinhood team in London is already growing, and the company is hiring in fields of operations, compliance, user research and marketing. Robinhood appoints former TransferWise exec as president Robinhood also appointed former head of treasury at money transfer serv..
British exchange and trading social network eToro has listed Tezos, while the coin has seen a price surge of almost 50% on the week. EToro, a United Kingdom-based exchange and social network for investors and traders, has rolled out trading support for Tezos (XTZ) on Aug. 5. As eToro tweeted today, Tezos, the 16th-top cryptocurrency by market capitalization, is now available for trading on the platform. According to a press release, Tezos has become the 15th crypto asset to join eToro, following Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Ethereum Classic (ETC), Dash (DASH), Stellar (XLM), NEO, EOS, Cardano (ADA), IOTA (MIOTA), ZCash (ZEC) and Tron (TRX). EToro co-founder and CEO Yoni Assia said that Tezos is making progress, stressing that some banks are already choosing the Tezos blockchain to issue security token offerings. In the press release, Assia emphasized that the new move was a part of eToro’s mission to allow investors to get access to more assets,..
Digital asset and cryptocurrency exchange OKEx now provides real-time data and six market indicators useful in derivatives trading. Malta-based digital asset exchange OKEx has launched a new comprehensive data insights platform that covers trading trends for derivatives. According to a press release shared with Cointelegraph, this platform will reportedly allow OKEx users to see real-time data on the exchange’s futures and perpetual swap markets for nine major tokens, including the top cryptocurrencies BTC, ETH, and XRP. The platform provides six indicators of market trends as follows: long/short positions ratio, basis, open interest and trading volume, buy/sell taker volume, top trader sentiment index, and top trader average margin used. As per the announcement, the goal of this platform — called Futures & Perpetual Swap Market Data — is to offer unbiased trading data for customers to better inform themselves and create trading strategies in the derivatives market. Andy Cheung, the..
The head of Circle’s over-the-counter trading desk has resigned and an in-house trader will reportedly fill his vacancy. Daniel Matuszewski, head of over-the-counter (OTC) trading at the money transfer and BitLicensed crypto trading company Circle, has resigned. The Block reported news of Matuszewski’s departure on August 2. He apparently said that he was resigning to pursue a “brand new entrepreneurial opportunity in crypto.” According to the report, an anonymous source has said that Nick Gustafson will be entering Matuszewski’s prior role. Gustafson previously worked as a trader at cryptocurrency exchange Kraken’s OTC unit, and appears to have worked as a trader at Circle for a little over a year, according to his LinkedIn profile. Circle’s OTC DepartmentAs previously explained by Cointelegraph, OTC trading may be an attractive option to crypto investors. In addition to Circle, crypto platforms like Coinbase and Binance have opened OTC desks, and did so in the middle of crypto winte..