If 2017 was the "cryptocurrency heaven", 2018 was the "hell". The prices of Bitcoin went from $20,000 per coin in December 2017, to $3,500 in December 2018. Now, the community is wondering what 2019 will bring to the cryptocurrency market, especially when crypto "enthusiasts" like Mike Novogratz are predicting strong bullish trends and cosmic cryptocurrency…
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While most people are concerned with the energy consumption of Bitcoin, or rather, the process of its mining, many fail to acknowledge that Ethereum, among the top three cryptocurrencies in the world by market cap, is consuming not less energy than the "people's currency". Ethereum reportedly consumes around 25%-50% of what Bitcoin does, which means…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 2, 2019. Highlights include: Markets Start 2019 on Sour Note: Stocks in Asia and Europe are taking a hit on poor manufacturing data in China. Seasonal low trading volumes and the continued US government…
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FX technology company Integral has just released its volumes report for the month of December. The company reported that average daily volumes (ADV) across Integral platforms totaled $38.7 billion - a 1% rise MoM and 18.3% increase YoY. Harpal Sandhu, CEO of Integral, commented: Integral and our partners have had a tremendous year, and we…
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IMF chief Christine Lagarde caused a bit of a stir, when she chimed into the cryptocurrency debate at the 33rd Asean Summit, held in Singapore: Having central banks issue digital currency can bring about financial inclusivity, better security and consumer protection, as well as allay privacy concerns. She could have stopped there, but she went…
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Last month, the UK Financial Conduct Authority (FCA) published its new rules and fees that will apply to all claims management companies (CMCs) from April 2019. The regulator has just given CMCs a green light to register for the temporary permission they’ll need to operate after April 2019. The complete text of the regulator's decision can be…
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The Dubai Gold & Commodities Exchange (DGCX) has just announced a highly successful 2018. The exchange broke its annual volumes record, trading 22.26 million contracts, up 28% YoY. The total value of the contracts was USD 474.94 billion (previous highest value of USD 448 billion was traded back in 2013). Average Daily Volumes (ADV) were…
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As if investors did not have enough to worry about when they choose to invest in new digital tokens, KuCoin, a cryptocurrency exchange operating out of Singapore, announced that it will be delisting ten coins on its exchange for noncompliance with its Special Treatment Rule framework. The company notes that this framework is “designed to…
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GRS Global Recruitment Solutions has just announced the appointment of Hayley Buckle as Director of Recruitments for Cyprus and Malta. Buckle joined GRS as a Senior Business Manager upon her arrival in Cyprus in 2011, following a successful career with Adecco Group in the UK. Hayley has been a vital member at GRS for almost a decade…
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The following guest post is courtesy of Leverate: Online brokerages have undergone many changes since the first ones opened in the mid-90s. Through the ups and downs of the industry, several aspects have stayed constant. One of the elements that remains unchanged is the choice of model to use for your brokerage. With the improvement…
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