Trading news-Page 52
A RUNE with a view: How smart crypto traders caught a 48% price pump
Disparities in information access and data analytics tech are what give institutional players an edge over regular retail investors in the digital asset space. The core idea behind Markets Pro, Cointelegraph’s crypto intelligence platform powered by data analytics firm The TIE, is to equalize the information asymmetries that permeate cryptocurrency markets. Markets Pro bridges the gap with two world-class functionalities: the quant-style VORTECS™ score, and breaking NewsQuake™ alerts. The former is an algorithmic comparison of several key market metrics around each coin to years of historical data, which assesses whether at any moment the outlook for this asset is bullish, …
Markets Pro / June 19, 2021
Goldman Sachs to offer Bitcoin futures trading in partnership with Galaxy Digital
Goldman Sachs has debuted a Bitcoin (BTC) futures trading product for its client in collaboration with crypto investment giant Galaxy Digital. According to CNBC, the move marks the first time the Wall Street bank has partnered with a digital asset-based liquidity provider. Galaxy Digital co-president Damien Vanderwilt said the company offered a gateway to the crypto space allowing a tightly regulated entity like Goldman to offer crypto-related investment products. Goldman will reportedly be offering CME Group Bitcoin futures for its clients, marking another expansion of its recently established crypto trading desk. The move follows swiftly on the heels of an …
Bitcoin / June 18, 2021
Faster than the speed of news: What a 41 minute head start means to crypto traders
When exchange listing news hits the crypto market, there’s often a spike in trading volume and a rapid (if often short-lived) appreciation in the price of the crypto asset. The degree of movement depends on the exchange making the announcement, the liquidity of the token and many other factors — but as has been identified on multiple occasions, a Coinbase or Binance listing often moves markets. Of course, the market participants who react fastest to this kind of news usually secure the best opportunity for delta. So where does the savvy crypto investor spend their time in order to beat …
Bitcoin / June 17, 2021
How this crypto project is bringing all things DeFi under one roof
A crypto project says it is changing the game of decentralized portfolio management — and delivers an all-in-one platform that brings everything users need under one roof. DEXKIT has been built to provide a genuinely user-friendly way of managing and trading digital assets. The application features a DEX aggregator, professional exchange, NFT marketplace, and dashboard where users can monitor asset performance. The DSwap aggregator continually monitors more than 30 decentralized exchanges on the Binance Smart Chain and Ethereum networks, delivering up-to-the-minute crypto data. Swaps can be filled by multiple protocols at once which can result in more tokens for trades. …
Decentralization / June 17, 2021
Hong Kong brokerage Futu halts crypto futures over regulatory issues
A major Hong Kong-based online brokerage firm has reportedly suspended cryptocurrency futures trading due to regulatory concerns. Futu Securities, one of the biggest trading brokerages in Asia, has halted support of crypto futures contracts and trading services in response to regulatory requirements, Chinese financial publication Sina Finance reports Thursday. The platform’s customer service reportedly stated that the suspension will affect major contracts including CME Bitcoin futures, one of the world’s earliest Bitcoin (BTC) futures contracts. The customer service team noted that non-futures crypto products like Grayscale Bitcoin Trust and the Osprey Bitcoin Trust will be still available on Futu. Futu …
Bitcoin / June 17, 2021
Crypto exchange Huobi has reportedly stopped letting new users trade derivatives
Huobi, one of the largest cryptocurrency exchanges in the world, has reportedly restricted derivatives for new and existing users over concerns about China’s regulatory crackdowns. Chinese journalist Colin Wu reported on Twitter Thursday that Huobi had temporarily dropped the maximum allowable trading leverage from 125x to less than 5x for existing users. In addition, new users based in China were not allowed to engage in derivatives trading on the exchange. Exclusive: Due to concerns about regulatory policies, China's largest exchange Huobi recently restricted the leverage of existing users to less than 5x after stopping new users in China from using …
Trading / June 16, 2021
VORTECS Report: When this indicator lights up, LUNA, MATIC and EGLD usually gain 10%
Consistency is not generally a hallmark of crypto asset price movements. In a market characterized by volatility, outliers often become the norm — while even macro analysis of large cap assets such as Bitcoin and Ether is often wide of the mark. For cryptocurrencies with smaller market capitalizations, finding trading patterns can be even harder. But as the VORTECS Score™ from Cointelegraph Markets Pro continues to absorb the history of almost 200 digital assets, careful analysis of some crypto tokens demonstrates that patterns do exist: Even if they may be invisible to the human eye, the data doesn’t lie. The …
Markets Pro / June 12, 2021
Here’s 5 ways investors can use the MACD indicator to make better trades
The Moving Average Convergence Divergence, also called the MACD, is a trend-following momentum indicator used widely by traders. Although the MACD is a lagging indicator, it can be very useful in identifying possible trend changes. The MACD oscillates above and below a zero line, also known as the centerline. The shorter moving average is subtracted from a longer moving average to arrive at the value of the MACD. A signal line, which is the exponential moving average of the MACD completes the indicator. The blue line is the MACD and the red line is the signal line. When the blue …
Bitcoin / June 11, 2021
1inch releases composable Limit Order Protocol
Today, decentralized exchange and liquidity aggregator 1inch announce the launch of the 1inch Limit Order Protocol. The new feature boasts 5 different security audits, and will enable users to buy or sell assets at specific price targets on Ethereum, BSC, and Polygon. The new feature will also be able to interact with smart contract logic, and be able to execute orders based on oracle data. Limit orders were previously available to the DeFi ecosystem through a variety of protocols including Gelato and 0x, the latter which 1inch utilized. However, the team claims this new protocol will be more gas-efficient and …
Trading / June 10, 2021
Major US trading platform Interactive Brokers to offer cryptocurrency trading
United States foreign exchange company Interactive Brokers will offer direct cryptocurrency trading to clients within months, a report says. Speaking at the Piper Sandler Global Exchange & FinTech Conference on Wednesday, founder Thomas Peterffy revealed that the firm had opted to enter the crypto market. Demand fuels latest crypto uptake Quoted by CNBC, Peterffy hinted that client demand had been a major driver of the decision. “Customers certainly are asking for [crypto trading] and we expect to be ready to offer it to them by the end of the summer,” he said. Interactive Brokers offers traders a wide variety of …
Bitcoin / June 9, 2021
Pioneering hardware wallet brings enhanced staking to cold storage
Twelve months ago, the total value of cryptocurrency locked in staking programs was barely more than $1 billion. Today, there is $58 billion locked in decentralized finance, or DeFi. The adoption of DeFi has been a sea change that’s helped push the crypto industry into the mainstream, but it’s hardly the only one. Mainstream institutions including MicroStrategy and Tesla have poured billions of dollars into Bitcoin — and some have been buying the dip — while nonfungible tokens have evolved from CryptoKitties and CypherPunks to an artistic medium pulling in millions in bids for a new generation of digital artists …
Technology / June 8, 2021
Unsure about buying the dip? This key trading indicator makes it easier
When an asset enters a bear phase and the headlines are negative, analysts project further downside, and the sentiment shifts from optimism to pure gloom and doom. This results in panic gripped traders dumping their positions near the bottom of the downtrend instead of buying. How can traders go against the herd and build the courage to buy in a bear market? It is not easy because if they purchase too early, the position may quickly turn into a loss. However, if they wait for too long, they may miss the early part of the rally. Although pulling the trigger …
Bitcoin / June 6, 2021