Crypto Markets News 

Bitcoin crashes to lowest this year, losses top 25 percent in a week

“The price of bitcoin tends to be sensitive to debates over how its underlying network evolves” writes Min Read for reuters.com. Mainstream investors have stayed clear of bitcoin, with concerns over scant regulatory oversight and undeveloped market infrastructure compounded by frequent swings in price.The fall followed a sudden plunge last week that shook bitcoin out of a period of relative stability, where prices had hovered around the $6,500 mark for several months. Source: reuters.com Share This:

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Crypto Markets News 

Cryptology Launches Margin Trading & P2P Lending Services

“The company did state, however, that it will announce more crypto/fiat currency pairs for leveraged trading in the near future” writes David Kimberley for financemagnates.com. The exchange says that it developed the service offering after it had received repeated requests for more margin-trading and peer-to-peer lending (P2P) services.Cryptology clients, who might be more risk averse, can also lend their own cryptocurrency holdings to other traders that want to engage in margin trading and earn interest on those loans.By offering the service, Cryptology is continuing an industry-wide trend in the cryptocurrency…

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News Platforms Stocks 

Saxo Bank rolls out new platform SaxoInvestor

“Saxo Bank, an expert in fintech, multi-asset trading and investment, has earlier today announced the launch of SaxoInvestor, a new user-friendly and simpler platform tailored to the growing segment of investors” reports financefeeds.com. The platform provides access to cash products solely and has a new feature called investment themes.The platform is initially rolled out in Denmark with the international launch planned for the first quarter of 2019.The platform aims to give the growing investor segment the opportunity to build long-term portfolios across stocks, bonds, mutual funds, ETFs, and SaxoSelect portfolios.The…

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Crypto News 

Bitcoin plunges 15% to $4,200, a new low for the year

“The digital currency dropped as much as 16 percent on Tuesday to its lowest level since Sept. 30, 2017, according to data from CoinMarketCap.com” writes Kate Rooney for cnbc.com. As U.S. stock markets closed though, bitcoin was still down 12 percent over 24 hours, trading near $4,299, according to data from CoinDesk.While global markets churned in October, bitcoin traded comfortably in the $6,400 range — a break from volatility earlier this year. Source: cnbc.com Share This:

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Crypto News Platforms 

B2BX Simplifies Access to Institutional Grade Liquidity for Crypto Trading

“B2BX Exchange is a leading professional digital asset trading platform which provides simple access to institutional level liquidity” writes Finance Magnates Staff for financemagnates.com. Hence, we offer B2BX Exchange turnkey which can have you up and running with your own branded exchange in one month.In a fast-moving industry, B2BX exchange users can look forward to more coin and token listings in the near future, along with theimplementation of B2BX referral program, the launch of which is imminent.B2BX Exchange platform offers full access to all popular tools for traders such as…

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Crypto News Platforms 

OKEx Users Question Company’s Risk Management Following Derivatives Debacle

“Andy Cheung, head of operations at OKEx, explained: When crypto exchanges make these kinds of decisions, troublesome precedents are created” writes Jp Buntinx for livebitcoinnews.com. According to traders, OKEx failed to give them a fair warning. Source: livebitcoinnews.com Share This:

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GBP Markets News Regulators 

Dollar pressured as Fed officials caution about global growth, yen firms

“The Australian dollar traded down 0.2 percent at $0.7317 as U.S.-Sino trade tensions showed no signs of abating” writes unknown author for cnbc.com. The dollar was modestly lower against its key rivals on Monday after Federal Reserve officials expressed caution over the global growth outlook, prompting traders to reassess the pace of future U.S. interest rate increases.Clarida cautioned about a slowdown in global growth, saying “that’s something that is going to be relevant” for the outlook for the U.S. economy. Source: cnbc.com Share This:

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Brokers News 

Clear vision of dealing with situation is a must, head of General Division of Drug Traders at CCC stated

“Unfortunately, the government does not a clear vision with specific procedures to enhance the pharmaceutical industry in Egypt, and therefore the pharmaceutical export sector is suffering” writes Daily News Egypt for dailynewsegypt.com. “In general, the pharmaceutical industry in Egypt is experiencing the most difficult time since the implementation of the floating of the Egyptian pound two years ago,” Ali Auf, head of General Division of Drug Traders at the Cairo Chamber of Commerce (CCC) stated to Daily News Egypt. This reflects the government’s poor communication and dealing of the sector’s…

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News Stocks 

PG&E options traders bet stock not out of the woods yet

“Some of the concerns have eased, but options traders expect the volatility to continue in the short term,” said Fred Ruffy, options analyst at Trade Alert” writes Midwest Communications Inc for 95kqds.com. On Friday, options trading volume was active with about 40,000 contracts traded by 11:30 a.m. (1630 GMT).The stock has shed about half its value over the last week and its bonds came under intense pressure. Source: 95kqds.com Share This:

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