Trading

Argentina’s Biggest Futures Market Seeks Approval For Bitcoin Futures

Argentina’s Biggest Futures Market Seeks Approval For Bitcoin Futures

If all goes well, Argentina will have its first Bitcoin futures contract. Matba Rofex, Argentina's leading futures exchange, has applied for permission to list a Bitcoin-ETF in the near future. Matba Rofex asked Argentina's highest regulatory body, the National Securities Commission (NSC), for permission to list cash-settled Bitcoin futures. This will be the country's first regulated Bitcoin futures contract. Argentina residents have traded in crypto futures on unregulated exchanges and will continue to do so. On October 1, Bloomberg reported that the NSC received a proposal from Matba Rofex and that although the agency would review the report, it was…
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Former Chinese Bank President Talks About The Cryptocurrency Ban

Former Chinese Bank President Talks About The Cryptocurrency Ban

China banned cryptocurrencies because it is not more suited to its traditional economic systems, a former government official has said. The ban on cryptocurrency in China has been met with varied reactions but the country refused to give an official reason why it announced the ban in August. China banned active cryptocurrency trading and also announced that it would increase its crackdown on crypto miners across the country. The development has led to the mass migration of miners and the suspension of certain user functions of top cryptocurrency exchange platforms such as Binance and Huobi. Zhuo Xiaochuan, former president of…
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Putin Subtly Endorses Cryptocurrency

Putin Subtly Endorses Cryptocurrency

Russia’s President, Vladimir Putin, has subtly expressed his opinion concerning cryptocurrencies. Putin made a statement that signaled his readiness to accept cryptocurrencies for financial transactions in Russia in the future. Speaking during an interview with CNBC, Putin said that cryptocurrencies have a right to exist and to be used as a medium of transactional payment. Putin however mentioned that it is too soon to begin talks about accepting cryptocurrencies as payment for oil, Russia’s main export commodity. The Road to Cryptocurrency Adoption Cryptocurrencies have been backed for adoption by many countries in the future given the wide rate of acceptance,…
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U.S. SEC Chief Confirms Support for ETFs

U.S. SEC Chief Confirms Support for ETFs

United States  SEC Chief, Gary Gensler, has confirmed his support for Bitcoin Exchange Traded Funds, citing that the BTC Futures have been around for decades and are backed by the law. The SEC boss stated that ETFs would invest in futures instead of digital assets themselves.  Bitcoin futures enable investors to gain exposure to the market, allowing them to buy and sell assets based on transparent speculation. In an interview with Financial Times on Wednesday, Gensler revealed that products, such as ETFs offering exposures to virtual assets have been around for decades. Several open-end mutual funds invest in BTC futures…
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Cardano Clinches Third Spot Again As Price Surges 13%

Cardano Clinches Third Spot Again As Price Surges 13%

Cardano's $ADA has rebounded in green, jumping 13% to $2.20 after almost three days of straight decline. Before now, $ ADA was trading at $2.09, but the recent surge has seen it reclaim its third spot. The latter half of September hasn't been a fantastic period for the crypto after recording a new all-time high of $3.10 on September 2. Experts Expected the Alonzo Upgrade to Push the Price Up Cardano had a major Alonzo upgrade on September 12, and everyone, including investors, predicted it to push the price further up, just like how it happened to Solana. To everyone's…
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India Won’t Rule Out Cryptocurrency Says Nirmala Sitharaman

India Won’t Rule Out Cryptocurrency Says Nirmala Sitharaman

Nirmala Sitharaman, India's minister of finance, acknowledges the relevance of cryptocurrency, but she thinks the country has to consider its own peculiarity in relation to cryptocurrency. El Salvador, a Case Study on Cryptocurrency  She cited El Salvador as an example of the impact of a change in policy on cryptocurrency. El Salvador accepted bitcoin as a legal tender, and this led to protests against adoption of cryptocurrency in the country. She thinks this is proof that the public cares about government policy on cryptocurrency. She doesn't think it is a matter of literacy or understanding, it is rather a question…
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Interest in Robinhood Prototype Digital Wallet App Surges

Interest in Robinhood Prototype Digital Wallet App Surges

In the coming weeks, Robinhood will release a long-awaited application that enables its increased customer base to trade and acquire digital currencies. According to Bloomberg, a preview of Robinhood's IOS app displayed the company's most recent enhancements to the firm's new digital commodity capabilities. It also revealed that there is a secret picture depicting a standing list for people anxious to get their paws on the software, as well as code relating to cryptocurrency transactions. Examining Cryptocurrency in Further Detail Customers of Robinhood may currently purchase and sell digital currencies on the site, but they must first change their cryptocurrency…
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China’s Digital Yuan Set to be Tested by Beijing Winter Olympics

China’s Digital Yuan Set to be Tested by Beijing Winter Olympics

Cryptocurrency is currently a serious topic for significant economies of the world as several countries are rapidly developing digital assets for their national currencies and creating a means for the integration of crypto into finance systems proper. This is especially true in China, which takes its digital yuan for an international test by the Winter Olympics scheduled to take place in Beijing in February. This particular development is a very positive one for China and global cryptocurrency development as it sets the pace for other countries and their digital currencies. Earlier the week, BIS alerted countries and their central banks…
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Gavin Wood Criticizes Solana Following Blockchain Downtime 

Gavin Wood Criticizes Solana Following Blockchain Downtime 

Gavin Wood, founder of Web3 Foundation which created Polkadot (DOT) and Kusama (KSM) has stated his opinion on the recent event that occurred on the Solana blockchain. The blockchain had suffered transaction overload on Tuesday leading to the forking of the network. In a Wednesday tweet, Gavin Wood highlighted the solutions to such problems to prevent similar occurrences in the future. Solana was projected as a scaling solution for the rigidity of Ethereum blockchain which caused fees to skyrocket during periods of extreme traffic. However, it does seem like Solana has solved the challenge of high gas costs on Ethereum…
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Microstrategy Buys Additional BTC Worth About $244m 

Microstrategy Buys Additional BTC Worth About $244m 

Top digital asset management firm and corporate bitcoin bull, Microstrategy, has bought additional BTC worth about $244m based on its latest filing with the SEC. Thus, the company's total BTC purchases in this quarter are now worth about $210m. Microstrategy Remains A Corporate BTC Whale Microstrategy maintains its position as the leading corporate crypto whale. Its BTC asset is now valued at about $3.17B at an average buy price of $27,714 per coin. The company CEO disclosed the additional purchase via his official Twitter handle today. Microstrategy's filing with the sec indicates that it increased its BTC holdings by almost…
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Former Federal Prosecutor Slams SEC’s Move to Clean Crypto Space

Former Federal Prosecutor Slams SEC’s Move to Clean Crypto Space

Former United States prosecutor has slammed the Security and Exchange Commission for its approach to control the crypto space. The prosecutor hit out at the commission, stating that the commission will stop at nothing to get the crypto space clean. This comment came after the SEC's recent threat to sue Coinbase exchange for its product launch, Lend. James Filan, a member of the ABA, tweeted about SEC's pursuit of crypto platforms, especially Coinbase and Ripple. Recently, Coinbase accused the SEC of using an intimidation strategy to stop the exchange's launch of Lend after the agency threatened to sue them. Ripple,…
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Cardano CEO Warns Of Massive FUD As Alonzo Update Edges Close

Cardano CEO Warns Of Massive FUD As Alonzo Update Edges Close

Today, Cardano CEO Charles Hoskinson created a Twitter thread where he expressed his frustration at the FUD generated about Cardano on various social handles a few days to its Alonzo upgrade. Hoskinson also remarked that a FUD was also created in the year 2020 in the days leading to the platform's shelly update, where it switched from a pow to a pos. He also said he doesn't understand why there were those threatened by Cardano's Alonzo upgrade, just five days away. It Wasn't Unexpected The Cardano CEO noted that he isn't surprised in any way about this FUD since a…
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Cryptomachine – The Ultimate Automated Trading Bot with Artificial Intelligence

Cryptomachine – The Ultimate Automated Trading Bot with Artificial Intelligence

Looking for ways to earn huge profits through crypto trading? Don’t know what crypto tool is reliable and effective for crypto trading?  Cryptomachine may be the solution you’ve been looking for. It is an advanced machine-learning algorithm for executing automated trades, analyzing stocks, and tracking wallets across multiple crypto exchanges.  Whether you are a novice or an experienced trader wanting to make big profits while you’re sleeping, Cryptomachine may help you to take your crypto trading to the next level. Unlike other machine-learning algorithms available in the market, Cryptomachine is a lot easier to use. All you need is to…
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How to Learn Forex Trading Basics

How to Learn Forex Trading Basics

Need an exciting source to get some extra money? What about start trading on the currency market? Forex trading is one of the most enthralling money-making options in today’s chaotic world. It’s a wonderful source of entertainment and earning. According to statistics, this market sees a whopping $5 trillion trades every day which is an amazing figure for anyone interested in finance. Intrigued by the figure? Starting your career in the Forex industry doesn’t require you to put in a lot of effort. You just need to have a good sense of financial understanding. In this quick write-up, you will…
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Genesis11 Providing the Best Cryptocurrency Trading Platform

Genesis11 Providing the Best Cryptocurrency Trading Platform

A detailed overview about cryptocurrency: There are millions of online transactions occurring online, but how do you know that the money you will transfer will safely be transferred to the other person? That is why nowadays, one of the easiest and safest ways of online money transfer is cryptocurrency. This is a form of online money used for trading goods and other different services. Most companies have issued their cryptocurrency in the form of tokens, and they use it to trade their multiple products. The worthiness of cryptocurrency and its quantity: If we talk about how many cryptocurrencies are there…
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Trading Infrastructure Provider Wootrade to List WOO Token With BitMax

Trading Infrastructure Provider Wootrade to List WOO Token With BitMax

BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of Wootrade’s WOO token under the trading pair of WOO/USDT on November 24th at 10:00 a.m. EST. Backed by Kronos Research, Wootrade is a layer one trading infrastructure with a graphical interface that can integrate with any exchange, trading desk, wallet, dApp, or other trading-related platform. The native token, WOO, can be used as the access to the network through staking or as the payment or collateral for advanced trading and investment products. The Wootrade network was conceived and incubated by…
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Bixo Fintech Focuses On A Trading Platform

Bixo Fintech Focuses On A Trading Platform

Introduction The seeds of Bixo Fintech have been sowed by an expert doyen Mr James Bernard. Bixo Fintech is a new technology for financial services focusing on creating sustainable and profitable investment opportunities. They are emerging in the market by a trading platform which they have named as “Bixo Trade” What is a trading platform? The question ‘What is a trading platform?’ is an important one to answer for anyone wanting to be involved in trading on the forex and cryptocurrency market. A trading platform, often known as an online trading platform, or an electronic trading platform, is a computer…
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