Twitter, Amazon lead market rally as stocks snap losing streak Consumer and technology names led a positive day for US stocks, snapping a multi-day losing streak. In the S&P 500, the consumer discretionary sector was the biggest winner with a 3% gain, while the information technology sector was up 1.7% and the communication services sector…
Read more
Whatever the true reasons are for investors rushing to buy stablecoins, $9 billion could easily purchase over one million Bitcoins, but times have changed, as has the makeup of investors and how they prefer to operate. Gone are the times when miners were the major owners of this convenient tool, when the market could anticipate…
Read more
Libra, having faced extreme scrutiny from regulators, has reportedly decided to turn its sight to a more regulatory-friendly zone: national currencies. Reuters reported on Sunday that Facebook is currently considering pegging the Libra cryptocurrencies to national ones. One option is the dollar. The main goal of Facebook is to develop a more efficient payments system.…
Read more
More than a decade back, after a few influential techie types discovered “Bitcoin: A Peer to Peer Electronic Cash System”, a new form of payment vehicle rushed to the point-of-sale to revolutionize the stodgy payments industry forever. Such would not be the case due to the volatility of this digital asset, but it did become…
Read more
eToroX, the blockchain division of global investment company eToro, has announced that it has added some more stablecoins to its crypto exchange offering, including: Two commodity-stablecoins - eToro Gold (GOLDX) and eToro Silver (SLVX), Two fiat-stablecoins - eToro Ruble (RUBX) and eToro Yuan (CNYX), and 17 pairs -USDEX-EURX, USDEX-GBPX, USDEX-JPYX, USDEX-CHFX, USDEX-AUDX, USDEX-NZDX, USDEX-CADX, USDEX-RUBX,…
Read more
Despite the nascent nature of cryptocurrrencies, veteran traders, if there is such a thing at this stage, have noticed certain patterns that pervade the space that offer several opportunities for gain, if you are able to follow the unique ebbs and flows of this arena to your advantage. For example, when times are tough, traders…
Read more
Crypto analysts of late have been pumping out grandiose predictions for how high Bitcoin could go in the near term, but the overwhelming majority of these claims are based on technical charts alone, with an occasional reference to significant events that are also transpiring in the crypto marketplace. The latest consensus is that $6,000 will…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for April 17, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: eToro Announces Crypto Exchange, Stablecoins: eToro CEO Yoni Assia announced the launch of eToroX, a crypto exchange…
Read more
eToro CEO Yoni Assia announced yesterday at Paris Blockchain Week the launch of eToroX’s crypto exchange and a range of financial instruments, including eight fiat-stablecoins. The exchange is managed by eToroX (eToro’s blockchain group) - one of the first companies that received regulatory approval back in December 2018 as a DLT provider by the Gibraltar…
Read more
LeapRate Exclusive... Michael Karczewski, Head of Business Operations at Match-Trade Technologies, joins Leaprate today to talk about business development in the brokerage industry during the breakthrough changes in financial technologies and constant turmoil in the cryptocurrency market. LR: Michael, Match-Trade is a provider of Forex and Crypto technology, how would you summarize last year for…
Read more