Category: Trade

Over the past decade, bitcoin has morphed from a relatively niche payments system to one of the world’s most profitable investment assets. In its infancy, the return on investment for bitcoin has managed to surpass the returns of traditional assets and indices, virtually crushing them in its wake. With the turn of the decade, let’s take a look back at how you...

DApp is an abbreviated form for decentralized application. A decentralized application is similar to a smart contract, but different in two key ways. If an app=frontend+server, since Ethereum contracts are code that runs on the global Ethereum decentralized peer-to-peer network, then: DApp = frontend + contracts. First of all, a decentralized application has an unbounded number of participants on all sides...

According to analysts, selling pressure across major spot exchanges like Coinbase and Binance is getting absorbed. Technical analysts have become increasingly optimistic as Bitcoin may be showing a bottom. Well-known Bitcoin trader Jacob Canfield said that “lots of sells” are being bought up on low time frames, indicating that a relief rally in the short-term may be likely. Bottom-like structure...

Here’s why you should be worried about the global war on cash. Recently, various governments and central banks around the world have accelerated their plans to develop and adopt digital currencies, blockchain-based or not. And at the same time, many are making restrictions on the movement of cash. On the outside, this might look like a bid for modernization, akin...

Since January 2015 Bitcoin uptrend has remained intact. As we can see in the chart below, the flagship cryptocurrency continues to be held by a multi-year trendline. As BTC plunged to $6,480 on Nov. 18, we can see that this multi-year support trendline was able to prevent this crypto from going lower. Nevertheless, as Bitcoin slowly approaches maturity/saturation, the uptrend...

Foreign exchange trading platform FXCM Group has launched a basket of five cryptocurrencies aimed at retail investors. The basket product includes bitcoin (BTC), XRP, litecoin (LTC), bitcoin cash (BCH) and ethereum (ETH), which are equally weighted to protect against market volatility, the firm said in an announcement Monday. The five cryptos are already traded on its platform. Speaking on launch,...

This current downtrend may prove to be an ideal opportunity for investors to accumulate the cryptocurrency in anticipation of a halving-induced rally, with this retail buying potentially providing fuel for the next uptrend. Bitcoin’s upcoming mining rewards halving has long been looked upon as the most immediate impetus for the next BTC bull run, and the hopes that have been pinned on this event...

Over the past week, Bitcoin has found itself flatlining, establishing a tight range in the low-$7,000s as volume tapers off. This consolidation has forced the Bollinger Bands, a technical analysis tool often used by traders looking for more information about trading ranges and volatility, for Bitcoin to reach “squeeze” levels, implying that volatility is on the horizon. While this consolidation...

The Judiciary Committee of the U.S. House of Representatives on Friday recommended the impeachment of President Donald Trump over his dealings with the government of Ukraine. The full House is to take up the matter next week. If the Democratic-controlled chamber votes to impeach, it will make Trump the third president in American history to face the ultimate constitutional sanction....

The trade deal and the U.K. election results have given a boost to stocks around the world. The pound soared with U.K. stocks on Friday and corporate bonds rallied after Prime Minister Boris Johnson’s Conservative Party won a huge majority in the British general election. The resounding victory fueled investor hopes the political gridlock and uncertainty surrounding the country’s departure...